Month End Portfolio Info

F&C U.S. Smaller Companies PLC
15 November 2004



F&C US Smaller Companies PLC


ALL DATA AS AT 31st October 2004


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


Sector Allocation                                                             %
Autos And Transportation                                                    3.54
Consumer Discretionary                                                     29.61
Financial Services                                                         24.00
Health Care                                                                12.55
Materials And Processing                                                    6.95
Other Energy                                                                7.06
Producer Durables                                                           6.81
Technology                                                                  7.98
Utilities                                                                   1.49

Total                                                                        100




Top Ten Holdings                                                              %

Cousins Properties Inc.                                                     2.97
Fred's Inc.                                                                 2.73
BankUnited Financial Corp.                                                  2.69
Republic Services Inc.                                                      2.44
Community Health Systems Inc.                                               2.26
Kirby Corp.                                                                 2.17
Roper Industries Inc.                                                       1.98
Pride International Inc.                                                    1.94
SCP Pool Corp.                                                              1.92
Andrew Corp.                                                                1.82


Effective Gearing                                                            0%





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