RNS Number:3430I
Collective Assets Trust PLC
5 March 2003


From: Michael Campbell- ISIS Asset Management plc

To: RNS

Date of Announcement: 05/03/03 - NAV's as at close of business on 04/03/03

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

(Pence per share)

Collective Assets Trust                                         114.43


Note: NAVs are diluted, where appropriate.

Please ensure that announcement includes date of valuation.

Regards,

End


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