RNS No 0600n
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
18th September 1997


Hill Samuel Asset Management Limited announces that the unaudited Net Asset
Value of the German Smaller Companies Investment Trust plc as 12th September
1997 was:-

Undiluted NAV       131.9 pence per 25p share
Diluted NAV         131.6 pence per 25p share


END
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