GVA Govett Asian

RNS Number:8092H
Govett Asian SmallerCo'sInv.Tst Ld
23 March 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     Govett Asian Smaller Companies Investment Trust Limited

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     Lazard Asset Management

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

     Funds under discretionary management

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

     (Jersey) Euroclear
     (Jersey) Cedel Luxembourg & State Street Nominees

5)   Number of shares/amount of stock acquired.

      Not advised

6)   ( - %) of issued Class

7)   Number of shares/amount of stock disposed

      Not advised

8)   ( - %) of issued Class

9)   Class of security

      US$0.01 shares

10)  Date of transaction

      4/2/2000

11)  Date company informed

      23/3/2000

12)  Total holding following this notification

      1,091,131
               
              
13)  Total percentage holding of issued class following this notification

      4.1567%

14)  Any additional information



15)  Name of contact and telephone number for queries


     Catherine Wright   0171 378 7979

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification .....23/3/2000


END

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