RNS No 8268j
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
24th July 1997

Hill Samuel Asset Management Limited announces that the unaudited Net Asset
Value of the German Smaller Companies Investment Trust plc as 18th July 1997
was:

Undiluted NAV                          130.0 pence per 25p share

Diluted NAV                            130   pence per 25p share



END
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