Holding(s) in Company

F&C U.S. Smaller Companies PLC
06 March 2008


TR-1(i):               Notification of major interests in shares


1. Identity of the issuer or the underlying issuer of existing         F&C US Smaller Companies plc
shares to which voting rights are attached(ii):

2. Reason for the notification     (please tick the appropriate box or boxes)
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments which may result in the acquisition of
shares already issued to which voting rights are attached
An event changing the breakdown of voting rights
Other (please specify):__Change in issued share capital                                           X

3. Full name of person(s) subject to the notification obligation       F&C Asset Management plc
(iii):

4. Full name of shareholder(s) (if different from 3.)(iv):       Foreign & Colonial Investment Trust plc

                                                                 Goodwood Pension Scheme


5. Date of the transaction (and date on which the threshold is                   29/02/08
crossed or reached if different)(v):
6. Date on which issuer notified:                                              06/03/08
7. Threshold(s) that is/are crossed or reached:                    21% (or 37% if savings scheme voting
                                                                     rights are included - see below)
8. Notified details:                                                              -




A: Voting rights attached to shares
Class/type of    Situation previous to   Resulting situation after the triggering transaction(vii)
shares           the Triggering
                 transaction (vi)
 if possible     Number of   Number of   Number of       Number of voting rights   % of voting rights
using the ISIN   Shares      Voting      shares          ix
CODE                         Rights viii Direct          Direct  x  Indirect xi    Direct   Indirect
GB003462402      4,428,169   4,428,169   4,428,169       0          4,428,169      0        21.04


B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument           xiii            Period/ Date xiv          that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.
       -


Total (A+B)
Number of voting rights                            % of voting rights
4,428,169                                          21.04


9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable xv:
F&C Asset Management plc:

•          Foreign & Colonial Investment Trust plc 4,368,169 voting rights 20.75%

•          Goodwood Pension Scheme 60,000 voting rights 0.29%






Proxy Voting:
10. Name of the proxy holder:                                      F&C Asset Management plc
11. Number of voting rights proxy holder will cease to hold:       n/a
12. Date on which proxy holder will cease to hold voting rights:   n/a


13. Additional information:                       Please note F&C Investment Trust Savings Schemes have (as
                                             at 31 May 2007) the following holdings on which we do not
                                             control the voting rights (VR):

                                             •          F&C Pension Savings Plan 361,417 VR 1.72% (as at 31/
                                             01/08)

                                             •          F&C Private Investor Plan 1,876,676 VR 8.92%

                                             •          F&C ISA Plan 907,336 VR 4.31%

                                             •          F&C PEP Plan 408,470 VR 1.94%

                                             Total savings scheme shs 3,553,899; VR 16.89%
14. Contact name:                            Debbie Fish
                                             For F&C Management Limited, Secretary
15. Contact telephone number:                020 7011 5010




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