RNS No 3313x
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
28th August 1997

Hill Samual Asset Management Limited announces that the unaudited Net Asset
Value of the German Smaller Companies Investment Trust plc as at 22nd August
1997 was:-

Undiluted NAV                           133.2 pence per 25p share
Diluted NAV                             132.7 pence per 25p share


END


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