RNS Number:0772U
European Assets Trust NV
9 January 2004


NAV is at close of business on 08/01/04


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

                                                               (Pence per share)

European Assets Trust                                                     545.88



Note: NAV is diluted, where appropriate.




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

END
NAVDGGGMKLLGDZM