Month End Portfolio Info

F&C U.S. Smaller Companies PLC
16 August 2004

F&C US Smaller Companies PLC

ALL DATA AS AT 31st July 2004

THIS DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.com FROM
APPROXIMATELY 18th August 2004


Sector Allocation                                              %
Autos & Transportation                                        4.3
Consumer Discretionary                                       29.2
Healthcare                                                   11.4
Financial Services                                           24.3
Materials & Processing                                        7.3
Other Energy                                                  8.4
Producer Durables                                             6.4
Technology                                                    7.4
Utilities                                                     1.4

Total                                                         100




Top Ten Holdings                                               %

Kirby                                                          3.1
SCP Pool                                                       3.0
Cousins Properties                                             2.9
BankUnited Financial                                           2.7
Republic Services                                              2.3
American Capital Strategies                                    2.1
Community Health Systems                                       2.1
Pride International                                            2.1
Freds                                                          2.0
Jones Lang LaSalle                                             1.9


Effective Gearing                                               0%



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