Net Asset Value(s)

New City High Yield Fund Limited
18 April 2007

NAV's as at close of business on 17/04/07

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

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



New City High Yield Fund                                                53.48


Note: NAVs are diluted, where appropriate.


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