Holding(s) in Company

3i Smaller Quoted Co's Trust PLC
27 January 2004


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1.   Name of company

     3i Smaller Quoted Companies Trust plc


2.   Name of shareholder having a major interest
     
     Deutsche Bank AG


3.   Please state whether notification indicates that it is in respect of 
     holding of the shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a 
     holding of that person's spouse or children under the age of 18 

     Deutsche Bank AG and its subsidiary companies


4.   Name of the registered holder(s) and, if more than one holder, the number 
     of shares held by each of them

     Registered holder                                         Number of shares

     Deutsche Bank AG London branch                            6,582,470


5.   Number of shares / amount of stock acquired

     not known


6.   Percentage of issued class

     not known


7.   Number of shares / amount of stock disposed

     not known


8.   Percentage of issued class

     not known


9.   Class of security

     Ordinary shares of 25p each


10.  Date of transaction

     not known


11.  Date company informed

     27 January 2004


12.  Total holding following this notification

     6,582,470


13.  Total percentage holding of issued class following this notification

     12.20%


14.  Any additional information

     Part of this holding may relate to hedging arrangements for Deutsche Bank 
     AG customer transactions.


15.  Name of contact and telephone number for queries

     Pandora Sharp - 020 7975 3228


16.  Name and signature of authorised company official responsible for making
     this notification

     For and on behalf of 3i plc, Secretaries to 3i Smaller Quoted Companies 
     Trust plc


Date of notification

27 January 2004


                      This information is provided by RNS
            The company news service from the London Stock Exchange