Month end portfolio info

Foreign & Colonial U.S.Smllr.Co PLC
19 November 2002

FOREIGN & COLONIAL US SMALLER COMPANIES PLC

ALL DATA AS AT 31st October 2002

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

SECTOR ALLOCATION                                                             %

Autos And Transportation                                                   6.57
Consumer Discretionary                                                    33.89
Consumer Staples                                                           0.00
Financial Services                                                        20.32
Health Care                                                               10.67
Integrated Oils                                                            0.00
Materials And Processing                                                   6.39
Other                                                                      2.15
Other Energy                                                               5.32
Producer Durables                                                          5.91
Technology                                                                 4.49
Utilities                                                                  4.30
                                                                           ----
Total                                                                       100
                                                                           ====

TOP 10 HOLDINGS                                                               %

Kirby                                                                      4.68
Harte-Hanks                                                                3.97
Cousins Properties                                                         3.95
Iron Mountain                                                              3.67
SCP Pool                                                                   3.66
Republic Services                                                          2.60
Price Communications                                                       2.54
CNA Surety                                                                 2.51
BankUnited Financial                                                       2.51
Roper Industries                                                           2.50
                                                                          -----
Total                                                                     32.59
                                                                          =====
EFFECTIVE GEARING                                                            0%


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