Net Asset Value(s)

New City High Yield Fund Limited
02 April 2007



NAV as at close of business on 30/03/07

F & C Asset Management plc Investment Trusts announces the unaudited Net Asset
Value for the following Investment Trust.

(Pence per share).  Investments valued on a bid price basis.


New City High Yield Fund                                              53.29

Note: NAV is diluted, where appropriate.




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