RNS Number:8173H
Collective Assets Trust PLC
21 February 2003

NAV's as at close of business on 20/02/03

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

                                                             (Pence per share)


Collective Assets Trust                                           113.88

Note: NAVs are diluted, where appropriate.



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