GSC Gs Chain Plc

RNS No 2848v
GERMAN SMALLER COMPANIES INVESTMENT TRUST
5th August 1998


To:  German Smaller Companies Investment Trust

NOTIFICATION UNDER PART VI OF THE COMPANIES ACT 1985

The schedule below details the notifiable interest of Hill Samuel Asset
Management in the relevant share capital of your company.

Although the number of ordinary shares in which we have an interest has not
changed since our last notification, we believe our percentage has increased
from 22.996% to 23.054% following the apparent decrease in this class of your
issued share capital.





       Movement of 10% Aggregated Holdings - All Stock Interests


Company          Stock                           Group     Fund     Registered
Name             Description         Amount      Compant   Code     Holder
--------------------------------------------------------------------------------

German Smaller   Ordinary GBP0.25    4,489,620   HSAM      AA1AA    Lloyds Bank
Companies IT                                                        S.F Nominees
                                                                    Limited

                                     1,531,236   HSAM      BH2AA    Talbot 
                                                                    Nominees
                                                                    Limited

                                     1,643,870   HSAM      BH3AA    Talbot 
                                                                    Nominees
                                                                    Limited

                                       391,478   HSAM      EG1UT    Lloyds Bank
                                                                    (ID)
                                                                    Nominees
                                                                    Limited

                                       707,836   HSAM      EUFUT    Lloyds Bank
                                                                    (ID)
                                                                    Nominees
                                                                    Limited

                                       406,000   HSAM      GG1UT    Lloyds Bank
                                                                    (ID)
                                                                    Nominees
                                                                    Limited

                                        12,788   HSAM      PRFUT    Lloyds Bank
                                                                    (ID)
                                                                    Nominees
                                                                    Limited 425A
                                     ---------
                                     9,182,828
                                     =========

From:  Steve Brice
       Hill Samuel Asset Managment 
       Tel:  0171 522 5201


END

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