RNS No 8376w
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
19th August 1998


Hill Samuel Asset Management Limited announces the unaudited Net Asset Values
of the German Smaller Companies Investment Trust Plc at 14th August 1998:

          Undiluted NAV       161.79 pence per unit
          Diluted NAV         156.22 pence per unit


END

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