RNS No 9753c
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
29th July 1998


Hill Samuel Asset Management Limited announces the unaudited Net Asset Values of
the German Smaller Companies Investment Trust plc at 24th July 1998:

Undiluted NAV       169.48 pence per share
Diluted NAV         162.58 pence per share

Letter from German Smaller Companies Investment Trust plc

END


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