RNS No 2448d
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
19 August 1999


Hill Samuel Asset Management Limited announces the unaudited Net Asset Values of
the German Smaller Companies Investment Trust Plc at 13 August 1999:-

   Undiluted NAV            180.88 pence per unit
   Diluted NAV              171.96 pence per unit


END

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