RNS No 7569p
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
11th September 1997

Hill Samuel Asset Management Limited announces that the unaudited Net Asset
Value of the German Smaller Companies Investment Trust plc as 5th Sept 1997
was:-

Undiluted NAV                    132.2 pence per 25p share
Diluted NAV                      131.9 pence per 25p share

END
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