RNS Number:2979U
Ivory & Sime ISIS Trust PLC
15 January 2004

NAV as at close of business on 14/01/04

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

                                                               (Pence per share)

Ivory & Sime ISIS Trust                                                   66.12

Note: NAV is diluted, where appropriate.



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

END

NAVZELFFZFBXBBL