GSC Gs Chain Plc

RNS No 1696v
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
8th May 1998


LETTER TO: COMPANY ANNOUNCEMENTS OFFICE

Hill Samuel Asset Management Limited announces that the unaudited Net Asset
Values of the German Smaller Companies Investment Trust plc at 30th April 1998
was:-

          Undiluted NAV       154.5 pence per 25p share
          Diluted NAV         150.3 pence per 25p share


LETTER FROM: HILL SAMUEL ASSET MANAGEMENT LTD

-------------

LETTER TO: COMPANY ANNOUNCEMENTS OFFICE

Hill Samuel Asset Management Limited announces that the unaudited Net Asset
Values of the German Smaller Companies Investment Trust plc at 1st May 1998
was:-

          Undiluted NAV       156.4 pence per 25p share
          Diluted NAV         152.0 pence per 25p share


LETTER FROM: HILL SAMUEL ASSET MANAGEMENT LTD


END

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