RNS Number:1845U
Collective Assets Trust PLC
13 January 2004


NAV as at close of business on 12/01/04


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


                                                             (Pence per share)


Collective Assets Trust                                                144.59



Note: NAV is diluted, where appropriate.



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

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