RNS No 0382b
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
11 May 1999


Hill Samuel Asset Management Limited announces the unaudited Net Asset Values of
the German Smaller Companies Investment Trust Plc at 7 May 1999:-

          Undiluted NAV       171.58 pence per unit
          Diluted NAV         164.30 pence per unit

END

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