RNS No 2434t
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
4th November 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 31st October 1998:-

Undiluted NAV       145.89 pence per unit
Diluted NAV         143.11 pence per unit

FROM:  HILL SAMUEL ASSET MANAGEMENT

END

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