Month End Portfolio Info

Foreign & Colonial U.S.Smllr.Co PLC
11 July 2002


FOREIGN & COLONIAL US SMALLER COMPANIES PLC

ALL DATA AS AT 30th June 2002

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

SECTOR ALLOCATION                                                    %

Autos and Transportation                                          7.28
Consumer Discretionary                                           31.69
Consumer Staples                                                  0.00
Financial Services                                               16.00
Health Care                                                      13.07
Integrated Oils                                                   0.00
Materials And Processing                                          8.02
Other                                                             3.15
Other Energy                                                      7.19
Producer Durables                                                 6.48
Technology                                                        3.79
Utilities                                                         3.32
                                                                  ----
Total                                                              100
                                                                  ====

TOP 10 HOLDINGS                                                      %

Harte-Hanks Inc.                                                  3.47
Kirby Corp.                                                       3.37
Iron Mountain Inc.                                                3.24
SCP Pool Corp.                                                    3.31
Cousins Properties Inc.                                           2.86
Jones Lang LaSalle Inc.                                           2.83
Practiceworks Inc.                                                2.68
BankUnited Financial Corp.                                        2.63
Fred's Inc.                                                       2.28
Waddell & Reed Financial Inc.                                     2.10
                                                                 -----
Total                                                            28.76
                                                                 =====
EFFECTIVE GEARING                                                   0%



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