RNS No 3463k
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
13 July 1999


Hill Samuel Asset Management Limited announces the unaudited Net Asset Values of
the German Smaller Companies Investment Trust plc at 9 July 1999:-

Undiluted NAV                           188.56 pence per unit
Diluted NAV                             178.30 pence per unit

END

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