RNS No 8624a
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
28 March 1999

Letter to: Hill Samuel Asset Management

As of 28th March 1999 Millennium Offshore Partners C.V. has an economic interest
in 4,600,000 ordinary shares of German Smaller Companies Investment Trust PLC.
3.10 million shares are held through a derivatives arrangement and 1.5 million
shares are held in nominee form.  Based on the Company's Stock Exchange
announcement of 7th October 1998 stating 39,628,894 ordinary shares remain in
issue, this economic interest represents 11.6% of the issued share capital.

Contact: Robert Knapp, 212-376-7720

Letter from:  Robert Knapp
              Millennium Offeshore Prartners CV

END


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