RNS Number:4826N
Collective Assets Trust PLC
11 July 2003

Date of Announcement: 11/07/03 - NAV's as at close of business on 10/07/03

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

                                                              (Pence per share)


Collective Assets Trust                                              132.44



Note: NAVs are diluted, where appropriate.



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