Net Asset Value(s)

F&C U.S. Smaller Companies PLC
10 April 2006


                                                                                      10-Apr-06


Below is shown the net asset value per share for
F&C US Smaller Companies PLC at                               07-Apr-06

NAV per share (at bid market values) in £ sterling with prior charges at nominal value:
                                                                                          pence

F&C US Smaller Companies PLC
(Prior charges at book value excluding income)                                           352.98

F&C US Smaller Companies PLC
(Prior charges at book value cum income)                                                 353.18





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