Net Asset Value(s)

Aberdeen Asian Smaller Co's Inv Tst
23 January 2006


Aberdeen Asset Management PLC announces the unaudited daily net asset values
(with investments at bid market values) of the following Investment Trusts as at
close of business on 20 January 2006.



Aberdeen Asian Smaller Companies - Undiluted              310.47p       Ordinary
Aberdeen Asian Smaller Companies - Fully Diluted          279.04p       Ordinary


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