Month End Portfolio Info

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

F&C US Smaller Companies PLC

ALL DATA AS AT 30th November 2004

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


Sector Allocation                                                             %
Autos And Transportation                                                    3.60
Consumer Discretionary                                                     29.20
Financial Services                                                         23.74
Health Care                                                                12.39
Materials And Processing                                                    7.24
Other Energy                                                                7.41
Producer Durables                                                           6.69
Technology                                                                  8.15
Utilities                                                                   1.59

Total                                                                        100




Top Ten Holdings                                                              %

Bankunited Financial                                                        2.60
Freds Inc                                                                   2.52
Cousins Properties                                                          2.45
Republic Services                                                           2.33
Kirby                                                                       2.20
Community Health Systems                                                    2.18
SCP Pool                                                                    1.94
Pride International                                                         1.92
Lithia Motors                                                               1.91
Vail Resorts                                                                1.86


Effective Gearing                                                            0%











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