Portfolio Update

Standard Life UK Small.Co's Tst PLC
02 October 2007

                  STANDARD LIFE UK SMALLER COMPANIES TRUST PLC
                             10 LARGEST INVESTMENTS



The company announces that the ten largest investments as at close of business
on 30 September 2007 were as follows:


Assets With Values Over 5% of Gross Assets
NAME                                                                          Market Value %Ttl Gross Assets


Top 10 Portfolio Assets
CHLORIDE GROUP ORD GBP0.25                                                       1,855,535              3.84
LAVENDON GROUP ORD GBP0.01                                                       1,652,550              3.42
AVEVA GROUP PLC ORD 0.0333                                                       1,617,663              3.35
DOMINOS PIZZA UK & IRELAND ORD GBP0.05                                           1,439,052              2.98
AUTONOMY CORP ORD GBP0.333333                                                    1,390,808              2.88
EXPRO INTERNATIONAL GROUP ORD GBP0.10                                            1,366,704              2.83
PADDY POWER EUR0.1(POST CURR REORG)                                              1,340,189              2.77
CORIN GROUP ORD GBP0.025                                                         1,275,000              2.64
GENUS ORD GBP0.10                                                                1,171,673              2.43
AXON GROUP ORD GBP0.01                                                           1,131,975              2.34



END


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