Holding(s) in Company

Foreign & Colonial U.S.Smllr.Co PLC
25 February 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

Foreign & Colonial U.S. Smaller Companies

2) Name of shareholder having a major interest

F&C Management Limited

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

as in 2

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

Chase Nominees Limited

5) Number of shares/amount of stock acquired


6) Percentage of issued class


7) Number of shares/amount of stock disposed


8) Percentage of issued class


9) Class of security

ordinary shares of 25p

10) Date of transaction

not specified

11) Date company informed

25 February 2002

12) Total holding following this notification

less than 10%

13) Total percentage holding of issued class following this notification

less than 10%

14) Any additional information



15) Name of contact and telephone number for queries

Mrs R Hostler

0207 825 2318

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

R Hostler

For and on behalf of F&C Management Limited, Secretary

Date of notification:

25 February 2002



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