RNS No 8403r
GERMAN SMALLER COMPANIES INVESTMENT TRUST
21st May 1998




In compliance with Section 198 of The Companies Act I am writing to advise you
that I have, today, been informed of a change to the interests previously
notified to you.  R&R Nominees, Tudor Nominees and Bell Nominees, subsidiary
companies of Henderson Crosthwaite Limited, a member company of this Group, hold
the following Ordinary 50p shares on behalf of clients.  This holding amounts to
4.58% of the shares in issue.

Bell Nominees       1,927,850
R&R Nominees           13,000
Tudor Nominees          2,400


From: Lesley Smith (Mrs)
Group Compliance Department
Guinness Mahon Holdings plc



END

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