RNS Number:6763T
Ivory & Sime Optimum Inc Tst PLC
24 December 2003

NAV's as at close of business on 23/12/03

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

                                                             (Pence per share)
Ivory + Sime Optimum Income Trust                                       21.96




Note: NAVs are diluted, where appropriate.





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