RNS No 3441w
TR SMALLER COMPANIES INVESTMENT TRUST PLC
5th August, 1997




As at close of business on 1 August 1997, the unaudited net
asset value per share calculated in accordance with the AITC
formula was 262.8p.



For further information, please call:

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

END
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