RNS Number:1333J
Collective Assets Trust PLC
24 March 2003


Date of Announcement: 24/03/03 - NAV's as at close of business on 21/03/03

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

                                                            (Pence per share)


Collective Assets Trust                                             121.37



PACAT: Actual gearing, % of shareholders funds: 6.99%

Note: NAVs are diluted, where appropriate.



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