RNS No 3386p
EUROPEAN SMALLER COMPANIES PLC
5 December 1997

                        European Smaller Companies plc
                                       
The Board announces that the resolution to wind up the Company and appoint
Liquidators was passed today at the Special General Meeting.  The Liquidators
expect to make a first distribution on or about 19 December, 1997.


Enquiries:

Mark Lynam                                            0171 246 3000
Head of European Investment Funds
Dresdner RCM Global Investors

Tom Durie
de Zoete & Bevan                                      0171 623 2323


END

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