Month End Portfolio Info

F&C U.S. Smaller Companies PLC
12 December 2002


FOREIGN & COLONIAL US SMALLER COMPANIES PLC

ALL DATA AS AT 30th November 2002

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

SECTOR ALLOCATION                                                            %

Autos And Transportation                                                  7.41
Consumer Discretionary                                                   30.63
Financial Services                                                       20.12
Health Care                                                              11.35
Materials And Processing                                                  8.10
Other                                                                     1.80
Other Energy                                                              5.93
Producer Durables                                                         6.44
Technology                                                                5.00
Utilities                                                                 3.22
                                                                          ----
Total                                                                      100
                                                                          ====

TOP 10 HOLDINGS                                                              %
Kirby                                                                     4.29
Harte-Hanks                                                               3.70
Cousins Properties                                                        3.58
Iron Mountain                                                             3.28
SCP Pool                                                                  3.02
Republic Services                                                         2.39
Price Communications                                                      2.29
CNA Surety                                                                2.18
BankUnited Financial                                                      2.18
Roper Industries                                                          2.15
                                                                         -----
Total                                                                    29.06
                                                                         =====
EFFECTIVE GEARING                                                           0%


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