RNS No 2068w
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
17th December 1998

Hill Samuel Asset Management Limited announces the unaudited Net Asset Values
of the German Smaller Companies Investment Trust plc at 11th December 1998:-

Undiluted NAV                 152.17 pence per unit
Diluted NAV                   148.29 pence per unit



END


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