RNS No 3438b
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
4 June 1999


Hill Samuel Asset Management Limited announces the unaudited Net Asset Values of
the German Smaller Companies Investment Trust Plc at 31 May 1999:-

Undiluted NAV                 170.58 pence per unit

Diluted NAV                   163.47 pence per unit

END

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