RNS No 3418q
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
25th September 1997



Hill Samuel Asset Management Limited announces that the unaudited Net Asset
Value of the German Smaller Companies Investment Trust plc as 19th Sept 1997
was:-

Undiluted NAV                 132.9 pence per 25p share
Diluted NAV                   132.4 pence per 25p share

END

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