RNS No 7161m
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
5th January 1999


Hill Samuel Asset Management Limited announces the unaudited Net Asset Values of
the German Smaller Companies Investment Trust plc at 31 December 1998:-

Undiluted NAV                           159.71 pence per unit
Diluted NAV                             154.50 pence per unit


END

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