RNS Number:2504T
Allianz Dresdner Smlr Co's I.T PLC
15 December 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

Allianz Dresdner Smaller Companies Investment Trust plc

2) Name of shareholder having a major interest

Allianz AG and subsidiaries

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18:

In respect of the shareholder referred to at 2 above through holdings of its
subsidiary companies.



4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them:

Frank Nominees Limited

5) Number of shares/amount of stock acquired

-


6) Percentage of issued class

-


7) Number of shares/amount of stock disposed

30,000


8) Percentage of issued class

0.28%


9) Class of security

Ordinary 25p Shares

10) Date of transaction

10 December 2003

11) Date company informed

12 December 2003

12) Total holding following this notification

Allianz AG and subsidiaries : 1,564,155



13) Total percentage holding of issued class following this notification

14.77%

14) Contact name for queries:

K J Salt

15) Name of Contact and telephone number:

K J Salt 020 7065 1513

16.  Name of company official responsible for
making this notification

K J Salt

Date of notification 15 December 2003



Additional Information:

This notification arises from a sale of shares from Funds discretionary managed
by Kleinwort Benson Private Bank Limited, resulting in a change of the
disclosable interests within the Allianz AG group of companies.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

HOLUVUAROSRUAAA