RNS Number:7855R
Collective Assets Trust PLC
6 November 2003


NAV as at close of business on 05/11/03

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

                                                              (Pence per share)

Collective Assets Trust                                                  144.63


Note: NAV is diluted, where appropriate.



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

END
NAVEQLFBXFBEFBB