Month End Portfolio Info

F&C U.S. Smaller Companies PLC
15 March 2005


F&C US Smaller Companies PLC

ALL DATA AS AT 28th February 2005

THIS DATA WILL BE AVAILABLE ON THE F&C ASSET MANAGEMENT WEB-SITE, http://
www.fandc.co.uk/ FROM APPROXIMATELY 18th March 2005


Sector Allocation                                                             %
Consumer Discretionary                                                      30.74
Financial Services                                                          24.93
Health Care                                                                 12.43
Materials And Processing                                                    7.22
Other Energy                                                                7.18
Producer Durables                                                           6.38
Technology                                                                  6.17
Autos And Transportation                                                    3.38
Utilities                                                                   1.58

Total                                                                        100



Top Ten Holdings                                                              %

Community Health Systems                                                    2.57
Freds Inc                                                                   2.47
Pride International                                                         2.44
Sourcecorp                                                                  2.20
Kirby                                                                       2.16
Bankunited Financial                                                        2.13
Renal Care Group                                                            2.11
Republic Services                                                           2.11
SCP Pool                                                                    2.11
Cousins Properties                                                          2.04

Effective Gearing                                                            0%


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