Holding in Company

3i Smaller Quoted Co's Trust PLC
9 April 2001

LETTER TO:  COMPANY ANNOUNCEMENTS OFFICE

DATED:  9 APRIL 2001

'THE LISTING RULES' - CHAPTER 9, PARAGRAPH 9.11

In accordance with the above, we are writing to let you know that notification
of a change in interest in 3i Smaller Quoted Companies Trust plc under s.198 of
the Companies Act 1985 (as amended) was received in our London offices today.  A
copy of the notification letter is below.

LETTER FROM:  3i SMALLER QUOTED COMPANIES TRUST PLC


LETTER TO:  3i SMALLER QUOTED COMPANIES TRUST PLC

DATED:  6 APRIL 2001

Companies Act 1985 (as amended):
Disclosure of Interests in Shares

In accordance with Part VI of the Companies Act 1985 (as amended) (the 'Act'),
we write to inform you that Prudential plc and certain of its subsidiary
companies have a notifiable interest in the issued share capital of your company
as detailed in the below schedule.

For the purposes of S210 of the Act, the address for those companies identified
in the below schedule is Laurence Pountney Hill London EC4R 0HH.

LETTER FROM:   TOM DOWLER
               FOR AND ON BEHALF OF PRUDENTIAL PLC
               M & G INVESTMENT MANAGEMENT LIMITED

    Notifiable of Position Report for 3I SMLR QUOTED COS ORD GBP0.25
                           as at 05 April 2001

Percentage holdings are calculated using an issued share capital of 57,718,523
ORD GBP0.25 shares

                 Registered Holder                  Holding       %        Total
                                                                      Notifiable

Prudential plc                                    1,811,044    3.13     Interest
                PRUCLT HSBC GIS NOM (UK)PAC AC    1,250,492
                PRUCLT HSBC GIS NOM (UK)PHL AC      390,000
                PRUCLT HSBC GIS NOM (UK)PPL AC       50,000
                ROY NOMS LTD 578052                 120,552