Holding(s) in Company

F&C U.S. Smaller Companies PLC
19 January 2005


                                  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

BNP Paribas Arbitrage SNC

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 above

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

As above

5) Number of shares/amount of stock acquired

50,000

6) Percentage of issued class

0.19%

7) Number of shares/amount of stock disposed

n/a

8) Percentage of issued class

n/a

9) Class of security

Ordinary shares of 25p

10) Date of transaction

19 January 2005

11) Date company informed

19 January 2005

12) Total holding following this notification

10,050,000

13) Total percentage holding of issued class following this notification

4.11%

14) Any additional information



15) Name of contact and telephone number for queries

Mrs R Hostler
Tel: [phone]

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

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

Date of notification:

19 January 2005


                      This information is provided by RNS
            The company news service from the London Stock Exchange