Monthly Portfolio Information

F&C U.S. Smaller Companies PLC
13 June 2005

F&C US Smaller Companies PLC

ALL DATA AS AT 31st May 2005

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


Sector Allocation                                                             %
Consumer Discretionary                                                     32.45
Financial Services                                                         25.88
Health Care                                                                 9.90
Materials And Processing                                                    7.53
Producer Durables                                                           6.96
Other Energy                                                                6.57
Autos And Transportation                                                    5.06
Technology                                                                  4.18
Utilities                                                                   1.47

Total                                                                        100




Top Ten Holdings                                                              %

Cousins                                                                     2.61
Republic Services                                                           2.28
Sourcecorp                                                                  2.18
Pride International                                                         2.16
SCP Pool                                                                    2.14
LKQ Corporation                                                             2.13
Bankunited Financial                                                        2.10
Freds                                                                       2.10
Checkers Drive-In Restaurant                                                2.06
HCC Insurance                                                               2.04


Effective Gearing                                                            0%
















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