RNS No 4708u
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
4th September 1997


Hill Samuel Asset Management Limited announces that the unaudited Net Asset
Value of the German Smaller Companies Investment Trust plc 29th Aug. 1997 was:-

Undiluted NAV       128.7     pence per 25p share
Diluted NAV         128.9     pence per 25p share

END
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