RNS Number:3584S
Ivory & Sime ISIS Trust PLC
21 November 2003

Date of Announcement: 21/11/03 - NAV's as at close of business on 20/11/03

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

(Pence per share)

Ivory & Sime ISIS Trust                                                    61.89

Note: NAVs are diluted, where appropriate.

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