RNS No 3497f
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
23rd September 1998


To:  Company Announcements Office

Hill Samuel Asset Management Limited announces the unaudited Net Asset Values of
the German Smaller Companies Investment Trust plc at 18th September 1998:-

Undiluted NAV                 146.37 pence per unit
Diluted NAV                   143.52 pence per unit

From:  
Uner Nabi
Hill Samuel Asset Management Limited

END

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