RNS No 9891f
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
7th July 1998

Letter to: Company Announcements Office

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

Undiluted NAV                           161.32 pence per unit
Diluted NAV                             155.68 pence per unit

Letter from: Uner Nabi

END


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