Net Asset Value(s)

F&C U.S. Smaller Companies PLC
22 September 2005


                                                                                      22-Sep-05


Below is shown the net asset value per share for
F&C US Smaller Companies PLC at                               21-Sep-05

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

F&C US Smaller Companies PLC
(Prior charges at book value excluding income)                                           290.02

F&C US Smaller Companies PLC
(Prior charges at book value cum income)                                                 289.96





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