21.20 Announcement

3i Smaller Quoted Co's Trust PLC
05 January 2005


3i Smaller Quoted Companies Trust plc
As at 31 December 2004

Pursuant to Listing Rule 21.20.(1)(i) 3i Smaller Quoted Companies Trust plc
announces that, as at the last business day of December 2004, it had no
investments in listed investment companies whose investment policies allow them
to invest more than 15% of their gross assets in other listed investment
companies.




5 January 2005


                      This information is provided by RNS
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