Month End Portfolio Info

Foreign & Colonial U.S.Smllr.Co PLC
16 August 2002



FOREIGN & COLONIAL US SMALLER COMPANIES PLC

ALL DATA AS AT 31st July 2002

THIS DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.co.uk FROM
APPROXIMATLEY 18TH August 2002
                                                                     %
SECTOR ALLOCATION

Autos and Transportation                                          6.82
Consumer Discretionary                                           33.52
Financial Services                                               18.19
Health Care                                                      12.91
Materials And Processing                                          7.59
Other                                                             2.56
Other Energy                                                      4.84
Producer Durables                                                 5.44
Technology                                                        3.61
Utilities                                                         4.52
                                                                  ----
Total                                                              100
                                                                  ====
TOP 10 HOLDINGS                                                      %
Harte Hanks                                                       4.28
Kirby Group                                                       4.25
Cousins Properties                                                3.97
Iron Mountain                                                     3.64
SCP Pool                                                          3.40
Jones Lang Lasalle                                                2.67
Price Communications                                              2.52
BankUnited                                                        2.47
Republic Services Inc                                             2.47
CAN Surety                                                        2.41
                                                                 -----
Total                                                            32.08
                                                                 =====
EFFECTIVE GEARING                                                   0%





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