RNS No 3940x
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
21 October 1999

Hill Samuel Asset Management Limited announces the unaudited 
Net Asset Values of the German Smaller Companies Investment Trust Plc 
at 15 October 1999:-

Undiluted NAV                 176.57 pence per unit
Diluted NAV                   168.51 pence per unit


END

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