RNS No 4281a
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
7th August 1997


Hill Samuel Asset Management Limited announces that the unaudited Net Asset
Value of the German Smaller Companies Investment Trust plc 31st July 1997 was:-

Undiluted NAV 130.2 pence per 25p share
Diluted NAV 130.2 pence per 25p share

END
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