RNS Number:3765M
Prospect Japan Fund Ld
16 May 2005




The following amendment has been made to the 'Net Asset Value'
announcement released on 16th May 2004 at 10:10 under RNS No 3191M.

The NAV for 13/5/05 should read 1.7219 and not 1.7258 as previously stated.

All other details remain unchanged.

The full amended text is shown below.






PROSPECT ASSET MANAGEMENT (CHANNEL ISLANDS) LIMITED

THE PROSPECT JAPAN FUND LTD                    USD    Valuation Point:  13/05/05

Nav    1.7219



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

END

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