Month End Portfolio Info

F&C U.S. Smaller Companies PLC
12 January 2005


F&C US Smaller Companies PLC

ALL DATA AS AT 31st December 2004

THIS DATA WILL BE AVAILABLE ON THE F&C ASSET MANAGEMENT WEB-SITE, www.fandc.com
FROM APPROXIMATELY 18th January 2005


Sector Allocation                                                             %

Consumer Discretionary                                                     29.38
Financial Services                                                         23.52
Health Care                                                                12.70
Technology                                                                  8.43
Materials And Processing                                                    7.84
Other Energy                                                                6.95
Producer Durables                                                           6.21
Autos And Transportation                                                    3.42
Utilities                                                                   1.56

Total                                                                        100




Top Ten Holdings                                                              %

Bankunited Financial                                                        2.59
Freds Inc                                                                   2.42
Republic Services                                                           2.38
Cousins Properties                                                          2.16
Capitalsource                                                               2.12
Community Health Systems                                                    2.10
Kirby                                                                       2.05
Pride International                                                         1.93
Lithia Motors                                                               1.93
SCP Pool                                                                    1.88

Effective Gearing                                                            0%



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