RNS No 2299k
GERMAN SMALLER CO'S INVESTMENT TRUST PLC
10th July 1997


Hill Samuel Asset Management Limited announces that the unaudited Net Asset
Value of the German Smaller Companies Investment Trust PLC as 4th July 1997
was:-

Undiluted NAV                131.5 pence per 25p share
Diluted NAV                  131.2 pence per 25p share



END
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