RNS No 276q
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
4th July 1997


Hill Samuel Asset Management Limited announces that the unaudited Net Asset
Value of the German Smaller Companies Investment Trust plc as 30th June 1997
was:

Undiluted NAV  133.8      pence per 25p share.
Diluted NAV    132.8      pence per 25p share.


END
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