RNS Number:3136S
Collective Assets Trust PLC
20 November 2003


NAV as at close of business on 19/11/03

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

                                                               (Pence per share)


Collective Assets Trust                                                   142.70



Note: NAV is diluted, where appropriate.



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

END

NAVZBLFLXFBZFBD