RNS No 1122b
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
31st July 1998


PURCHASE OF SHARES

On 31st July 1998 the company purchased for cancellation at a price of 136p
100,000 of its own ordinary shares.  This represents 0.25% of the issued share
capital.

39,831,696 ordinary shares of 25p in German Smaller Companies Investment Trust
plc remain in issue.


END


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