RNS No 5721x
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
5 August 1999


Letter to:  German Smaller Companies Investment Trust PLC


Section 198/200

Pursuant to Sections 198 and 200 of the Companies Act 1985 ( as amended)

SG Securities (London) Ltd ("SGSL") hereby gives notification of an increase of
its holding in the relevant share capital of German Smaller Companies Investment
Trust PLC from the last reported 18.53% to 19.80.  (This is a share holding
of 7,845,000 of issued share capital of 39,629,000).
This interest is wholly that of SGSL, as principal (as per section 208(5)).

I trust this interest is in order.  If you have any queries, please do not
hesitate to contact me on 0171 522 1506.


Stuart Mclerie
Compliance
SG Securities (London) Limited


END

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