<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
STATEMENT BY REGISTERED CLOSED-END INVESTMENT COMPANY
WITH RESPECT TO PURCHASES OF ITS OWN SECURITIES PURSUANT
TO RULE N-23C-1 DURING THE LAST CALENDAR MONTH
(See rules and instructions on back of this form.
If acknowledgment is desired, file this form with the Commission
in triplicate.)
REPORT FOR CALENDAR MONTH ENDING: August 31, 2000
Morgan Grenfell SMALLCap Fund, Inc.
(Name of registered closed-end investment company)
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<TABLE>
<CAPTION>
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Approximate Asset
Number of Value or approximate
Date of each Identification of Shares Price per Share asset coverage per Name of Seller or of
Transaction Security Purchased share at time of Seller's Broker
purchase
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<S> <C> <C> <C> <C> <C>
08/28/00 Common Stock 12,600 12.9702 15.18 Weeden & Co. LP
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08/28/00 Common Stock 33,400 12.9813 15.18 Weeden & Co. LP
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08/29/00 Common Stock 4,200 13.0000 15.28 Weeden & Co. LP
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08/30/00 Common Stock 8,700 13.0510 15.36 Weeden & Co. LP
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08/31/00 Common Stock 3,900 13.3141 15.45 Weeden & Co. LP
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</TABLE>
REMARKS:
Morgan Grenfell SMALLCap Fund, Inc.
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Name of Registrant
By: Fran Pollack-Matz
Secretary
<PAGE>
RULES AND INSTRUCTIONS FOR
FORM N-23-C-1
1. Use of Form. - Form N-23C-1 is prescribed for use by registered
closed-end investment companies in reporting purchases of
securities of which they are the issuers, pursuant to Section
23(c)(3) of the Investment Company Act of 1940 and Rule N-23C-1
thereunder. A statement on this form must be filed for every
month during which any such purchase is made. No statement need
be filed for any month in which there have been no such
purchases.
2. Time for Filing Statements. - Statements on this form shall be
filed in duplicate with the Commission on or before the 10th day
of the calendar month following that in which the purchase
occurred. A statement will be deemed to have been filed with the
Commission on the date it is received.
3. Exhibits. - If the space provided for listing purchases is
insufficient, separate sheets of the same size as the form should
be used and attached to the form as exhibits. Each such sheet
should be identified at the top as follows: "Exhibit No. __
referring to report on Form N-23C-1 dated ___." Appropriate
reference to any such exhibits should also be made in the space
provided in the form itself for listing purchases.
4. Explanatory Matter. - Statements may contain, under the heading
"Remarks," any additional explanations as to the purchases that
are deemed relevant by the registrant.
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