GSC Gs Chain Plc

RNS No 1119e
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
27th May 1998

To: Company Announcements Office

Hill Samuel Asset Management Limited announces that the unaudited Net Asset
Value of the German Smaller Companies Investment Trust plc at 22 May 1998 
was:

Undiluted NAV       164.75 pence per 25p share
Diluted NAV         158.97 pence per 25p share

From: David Broadway, Head of Collective Investments Group

END


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