RNS Number:5464S
Ivory & Sime ISIS Trust PLC
26 November 2003

NAV's as at close of business on 25/11/03

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

                                                               (Pence per share)
Ivory & Sime ISIS Trust                                                    63.27




Note: NAVs are diluted, where appropriate.






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