RNS No 9648t
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
21st August 1997


Hill Samuel Asset Management Limited announces that the unaudited Net Asset
Value of the German Smaller Companies Investment Trust plc as 15th August 1997
was:-

Undiluted NAV       133.4 pence per 25p share
Diluted NAV         132.9 pence per 25p share


END
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