RNS No 4950f
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
25 August 1999


Hill Samuel Asset Management Limited announces the unaudited Net Asset Values of
the German Smaller Companies Investment Trust Plc at 20 August 1999:-

Undiluted NAV                                    182.75 pence per unit
Diluted NAV                                      173.51 pence per unit

END

NAVCCPCNCDKKOFB


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