RNS No 6434d
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
24th March 1999

TO: COMPANY ANNOUNCEMENTS OFFICE

Hill Samuel Asset Management Limited announces the unaudited Net Asset Values of
the German Smaller Companies Investment Trust Plc at 19 March 1999:-

Undiluted NAV                           173.87 pence per unit
Diluted NAV                             166.18 pence per unit

FROM: Gurmit Harar
      HILL SAMUEL ASSET MANAGEMENT

END

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