RNS No 7643f
ABTRUST INVESTMENT TRUSTS         
1st July 1997


                     NET ASSET VALUES


ABTRUST FUND MANAGERS LIMITED announces the unaudited net asset values of the
following Investment Trusts as at close of business on 27 June 1997:

TRUST                                                pence per    SHARE
                                                       share      CLASS
Abtrust New Dawn Inv. Trust - undiluted               259.78    Ordinary
Abtrust New Dawn Inv. Trust - fully diluted           242.20    Ordinary
                                                                    
Jove Investment Trust                                  39.03     Capital
                                                                    
Danae Investment Trust                                 79.70     Capital
                                                                    
Abtrust New Thai Investment Trust                      85.73    Ordinary
                                                                    
Abtrust Emerging Economies Inv. Trust - undiluted     104.32    Ordinary
Abtrust Emerging Economies Inv. Trust - fully         103.60    Ordinary
diluted
                                                                    
Abtrust Latin American Investment Trust - undiluted   109.71    Ordinary
Abtrust Latin American Investment Trust - diluted     108.09    Ordinary
                                                                    
Abtrust Asian Smaller Cos. Inv. Trust - undiluted     105.07    Ordinary
Abtrust Asian Smaller Cos. Inv. Trust - fully         104.23    Ordinary
diluted
                                                                    
The Turkey Trust - undiluted                          281.44    Ordinary
The Turkey Trust - fully diluted                      271.02    Ordinary
                                                                    
Abtrust Preferred Income Investment Trust              77.30     Income
                                                                    
Abtrust New Preferred Income Investment Trust          76.67    Ordinary
                                                                    
Abtrust Lloyd's Insurance Trust - undiluted           103.21    Ordinary
Abtrust Lloyd's Insurance Trust - fully diluted       102.67    Ordinary
                                                                    
Abtrust Convertible Income Trust                       99.62    Ordinary
                                                                    
Abtrust Scotland Inv. Company - undiluted                -      Ordinary
Abtrust Scotland Inv. Company - fully diluted            -      Ordinary
                                                                    
Abtrust Emerging Asia Inv. Trust - undiluted           78.04    Ordinary
Abtrust Emerging Asia Inv. Trust - fully diluted       75.06    Ordinary
                                                                    
Aberdeen European Investment Trust - undiluted        123.13    Ordinary
Aberdeen European Investment Trust - fully diluted    121.49    Ordinary
                                                                    
The Taverners Trust - undiluted                       106.61    Ordinary
The Taverners Trust - fully diluted                   105.51    Ordinary
                                                                    
Abtrust High Income Trust                              84.07     Income
                                                                    
Healthcare Reform Investment Trust                    101.19    Ordinary
                                                                    
Smaller Companies Inv. Trust - undiluted              156.75    Ordinary
Smaller Companies Inv. Trust - fully diluted          154.72    Ordinary
                                                                    


END