RNS No 0616b
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
8th July 1998


Hill Samuel Asset Management Limited announces the unaudited Net Asset Values of
the German Smaller Companies Investment Trust plc at 3rd July 1998:-

Undiluted NAV                 164.73 pence per unit
Diluted NAV                   158.66 pence per unit

END

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