RNS No 5852b
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
20th October 1998


Hill Samuel Asset Management Limited announces the unaudited Net Asset Values of
the German Smaller Companies Investment Trust plc at 16th October 1998:-

Undiluted NAV                 140.51 pence per unit
Diluted NAV                   138.67 pence per unit

END

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