RNS Number:5839U
Ivory & Sime Optimum Inc Tst PLC
23 January 2004

NAV's as at close of business on 22/01/04

ISIS Asset Management plc Investment Trusts announces the unaudited Net Asset
Values for the following Investment Trusts.

(Pence per share)

Ivory + Sime Optimum Income Trust                                          22.19




Note: NAVs are diluted, where appropriate.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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