RNS No 4048r
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
3rd June 1998


NET ASSET VALUE

Hill Samuel Asset Management Limited announces that the unaudited Net Asset
Values of the German Smaller Companies Investment Trust plc at 31st May 1998
was:

Undiluted NAV       165.29 pence per 25p Share
Diluted NAV         159.23 pence per 25p Share


END

NAVFCNCBODKDPAK


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