Transaction in Own Shares

3i Smaller Quoted Co's Trust PLC
15 April 2004


3i Smaller Quoted Companies Trust plc


On 31 March 2004, 3i Smaller Quoted Companies Trust plc announced that it had
purchased 200,000 of its own Ordinary Shares of 25p each, for cancellation.  The
Company now confirms that these shares were cancelled on 15 April 2004.

The Company's issued share capital is now 53,388,523 Ordinary Shares of 25p
each.




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