GSC Gs Chain Plc

RNS No 965h
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
28th May 1998


LETTER TO GERMAN SMALLER COMAPNIES INVESTMENT TRUST PLC

NOTIFICATION UNDER PART VI OF THE COMPANIES ACT 1985

The schedule below details the notifiable interests of Lloyds TSB Group plc
and/or its subsidiaries in the relevant share capital of your company.

Although there has been no notifiable change in our holding since our last
notification, our percentage has increased from 21.718% to 22.542% following a
decrease in this class of your issued share capital, which we now understand
totals 40,836,074 ordinary shares.

FROM LLOYDS TSB GROUP PLC

                  TSB GROUP NOTIFIABLE INTEREST IN SHARES
                    TSB Companies' 10% Movements Report

Sedol No. Company Name        Description

036963    German Smlr Cos     Ord GBPO.25


          Amount              Group     Fund Code     Registered Holder
                              Member

          4,489,620           HSIM      AA1AA         Lloyds bank SF Noms.Ltd
          1,322,222           HSIM      BH2AA         Talbot Nominees Limited
          1,249,938           HSIM      BH3AA         Talbot Nominees Limited
            900,000           HSIM      EG1UT         Lloyds Bank (ID) Noms.Ltd
            707,836           HSIM      EUFUT         Lloyds Bank (ID) Noms.Ltd
            500,424           HSIM      GG1UT         Lloyds Bank (ID) Noms.Ltd
             12,788           HSIM      PRFUT         LIM Noms.Ltd Acct. 800112
             21,276           LPBL      LPBL          Perry Noms.Ltd/Ward Noms.
              1,092           LPEP      HSJL          CO Nominees Limited
          ---------  
    Total 9,205,196



END

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