Month End Portfolio Info

F&C U.S. Smaller Companies PLC
15 April 2003



F&C US SMALLER COMPANIES PLC

ALL DATA AS AT 31st March 2003

THIS DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEBSITE, www.fandc.com FROM
APPROXIMATLEY 18th April 2003
                                                               %
SECTOR ALLOCATION
Autos And Transportation                                              6.66
Consumer Discretionary                                               27.96
Financial Services                                                   24.28
Health Care                                                          11.45
Materials And Processing                                              8.24
Other                                                                 2.05
Other Energy                                                          5.83
Producer Durables                                                     7.01
Technology                                                            3.28
Utilities                                                             3.25
                                                                      ----
Total                                                                  100
                                                                      ====
TOP 10 HOLDINGS                                                %
Kirby                                                                 4.69
Cousins Properties                                                    4.07
SCP Pool                                                              3.33
BankUnited Financial                                                  2.72
Freds Inc.                                                            2.59
American Capital Strategies                                           2.51
Republic Services                                                     2.48
Harte-Hanks                                                           2.41
Renal Care Group                                                      2.35
Iron Mountain                                                         2.33
                                                                     -----
Total                                                                29.48
                                                                     =====
EFFECTIVE GEARING                                                        0%



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