RNS No 1366X
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
28 July 1999


Hill Samuel Asset Management Limited announces the unaudited Net Asset Values of
the German Smaller Companies Investment Trust Plc at 23 July 1999:

Undiluted NAV                      188.91 pence per unit
Diluted NAV                        178.59 pence per unit

END

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