Listing Rule 21

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


Pursuant to Listing Rule 21.20.(l)(i) 3i Smaller Quoted Companies Trust plc
announces that, as at the last business day of November 2003, 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.


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