Holding(s) in Company

F&C U.S. Smaller Companies PLC
09 July 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

F&C US Smaller Companies PLC

2) Name of shareholder having a major interest

Close Wealth 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

Non-Beneficial 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

CWM Nominees Limited


5) Number of shares/amount of stock acquired

N/a


6) Percentage of issued class

N/a


7) Number of shares/amount of stock disposed

5,025

8) Percentage of issued class

0.019%

9) Class of security

ordinary shares of 25p

10) Date of transaction

7 July 2004

11) Date company informed

9 July 2004

12) Total holding following this notification

2,119,067

13) Total percentage holding of issued class following this notification

8.00%

14) Any additional information



15) Name of contact and telephone number for queries

Mrs R Hostler - 0207 628 8000


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

Miss T A Bennett
For and on behalf of F&C Management Limited, Secretary


Date of notification: 9 July 2004


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