RNS No 240r
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
9th October 1997



Hill Samuel Asset Management Limited announces that the unaudited Net Asset
Value of the German Smaller Companies Investment Trust plc as 3rd Oct 1997 was:-

Undiluted NAV           133.6  pence per 25p share
Diluted NAV             133    pence per 25p share

END

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