Month End Portfolio Info

F&C U.S. Smaller Companies PLC
14 September 2004

F&C US Smaller Companies PLC

ALL DATA AS AT 31st August 2004

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


Sector Allocation                                    %
Autos & Transportation                              3.80
Consumer Discretionary                             28.18
Healthcare                                         23.95
Financial Services                                 12.42
Materials & Processing                              7.78
Other Energy                                        7.69
Producer Durables                                   6.95
Technology                                          7.78
Utilities                                           1.44

Total                                                100




Top Ten Holdings                                     %

Cousins Properties                                  2.94
SCP Pool                                            2.75
Bankunited Financial                                2.62
Kirby                                               2.50
Republic Services                                   2.27
Pride International                                 2.16
Community Health Systems                            2.15
Genesis Healthcare Corp                             2.02
American Capital Strategies                         1.98
The St Joe Company                                  1.97


Effective Gearing                                    0%





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