RNS No 5041k
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
22nd October 1997

Hill Samuel Asset Management Limited announces that the unaudited Net Asset
Value of the German Smaller Companies Investment Trust PLC as at 17th October
1997 was:-

   Undiluted NAV     129.9 pence per 25p share
   Diluted NAV       129.9 pence per 25p share


END

    




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