RNS No 9136h
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
3rd July 1997



Hill Samuel Asset Management Limited announces that the unaudited Net Asset
Value of the German Smaller Companies Investment Trust plc as 27th June 1997
was:-

Undiluted NAV       133.7 pence per 25p share
Diluted NAV         133.1 pence per 25p share

END


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