RNS No 8430d
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
2 September 1999


Hill Samuel Asset Management Limited announces the unaudited Net Asset Values of
the German Smaller Companies Investment Trust Plc at 27 August 1999:

Undiluted NAV                 184.09 pence per unit
Diluted NAV                   174.61 pence per unit


END

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