RNS No 6692d
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
22nd July 1998

Hill Samual Asset Management Limited announces the unaudited Net Asset Values of
the German Smaller Companies Investment Trust plc at 17th July 1998:-

Undiluted NAV       169.84 pence per share
Diluted NAV         162.88 pence per share

END

NAVFCBCNQDKDKOB


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