RNS No 3246h
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
6th August 1998


Hill Samuel Asset Management Limited announces the unaudited Net Asset Value of
the German Smaller Companies Investment Trust plc at 31st July 1998:

Undiluted NAV                           172.30 pence per unit
Diluted NAV                             164.88 pence per unit



END

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