RNS No 686N
TR SMALLER COMPANIES INVESTMENT TRUST PLC
30th July 1997

TR SMALLER COMPANIES INVESTMENT TRUST PLC

As at close of business on 25 July 1997, the unaudited net
asset value per share calculated in accordance with the AITC
formula was 260.1p.


For further information, please call:

Mo Zahir
Investment Trust Accounting Department
Henderson Investors
Tel: 0171 410 4511


END
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