RNS No 5303x
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
4 August 1999


Hill Samuel Asset Management Limited announces the unaudited Net Asset Values
of the German Smaller Companies Investment Trust Plc at 31 July 1999:-

Undiluted NAV                 181.59 pence per unit
Diluted NAV                   172.55 pence per unit

END

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