Month End Portfolio Info

Foreign & Colonial U.S.Smllr.Co PLC
14 May 2002



FOREIGN & COLONIAL US SMALLER COMPANIES PLC

ALL DATA AS AT 30th April 2002

THIS DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.co.uk FROM
APPROXIMATLEY 18TH May 2002
                                                                     %
SECTOR ALLOCATION
Cyclical Services                                                   33
Financials                                                          18
Non-Cyclical Consumer Goods                                         10
Resources                                                            9
Information Technology                                               7
General Industrials                                                  7
Basic Industrials                                                    6
Non-Cyclical Services                                                5
Cyclical Consumer Goods                                              5
                                                                  ----
Total                                                              100
                                                                  ====
TOP 10 HOLDINGS                                                      %
Harte Hanks                                                       4.62
Kirby Group                                                       3.92
Cousins Properties                                                3.36
Jones Lang Lasalle                                                3.15
Iron Mountain                                                     2.83
SCP Pool                                                          2.74
Monaco Coach                                                      2.42
Price Communications                                              2.26
Waddell & Reed Financial                                          2.19
Sourcecorp                                                        2.14
                                                                 -----
Total                                                            29.63
                                                                 =====
EFFECTIVE GEARING                                                   0%




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