RNS No 7730h
ABTRUST PREFERRED INCOME INVESTMENT TRUST PLC
1st July 1997


                     NET ASSET VALUES


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

TRUST                                                pence per    SHARE
                                                       share      CLASS
                                                                    
Abtrust Preferred Income Investment Trust              77.30     Income
                                                                    
END