Month End Portfolio Info

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


FOREIGN & COLONIAL US SMALLER COMPANIES PLC

ALL DATA AS AT 31st March 2002

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

SECTOR ALLOCATION                                                    %

Cyclical Services                                                   33
Financials                                                          19
Non-Cyclical Consumer Goods                                          9
Resources                                                            9
General Industrials                                                  7
Information Technology                                               7
Non-Cyclical Services                                                6
Basic Industrials                                                    6
Cyclical Consumer Goods                                              4
                                                                  ----
Total                                                              100
                                                                  ====

TOP 10 HOLDINGS                                                      %

Harte Hanks                                                        4.6
Kirby Group                                                       4.23
Cousins Properties                                                3.27
Jones Lang Lasalle                                                3.16
Iron Mountain                                                     2.94
SCP Pool                                                          2.75
Waddell & Reed Financial                                          2.62
Price Communications                                               2.4
Roper Industries                                                   2.3
Sourcecorp                                                        2.13
                                                                 -----
Total                                                             30.4
                                                                 =====

EFFECTIVE GEARING                                                   0%



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