RNS No 7062c
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
14th August 1997


Hill Samuel Asset Management Limited announces that the unaudited Net Asset
Value of the German Smaller Companies Investment Trust plc as 8th August 1997
was:

Undiluted NAV       135.0  pence per 25p share
Diluted NAV         134.2  pence per 25p share


END


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