Listing Rule 21

3i Smaller Quoted Co's Trust PLC
02 December 2003


Pursuant to Listing Rule 21.20(l)(ii), 3i Smaller Quoted Companies Trust plc
announces that, as at the last business day of the quarter to 30 November 2003,
the Company had no holdings amounting to greater than 5% of its gross assets and
that its ten largest investments were as follows:


Ottakar's plc

Whitehead Mann Group plc

AutoLogic Holdings plc

Chaucer Holdings plc

Paragon Group of Companies plc

Aveva Group plc

Brewin Dolphin Holdings plc

BSS Group plc

Dicom Group plc

Parkdean Holidays plc



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