RNS Number:3823T
Ivory & Sime Optimum Inc Tst PLC
17 December 2003



NAV as at close of business on 16/12/03


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

                                                               (Pence per share)

Ivory + Sime Optimum Income Trust                                          16.91


Note: NAV is diluted, where appropriate.



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