Net Asset Value(s)

F&C U.S. Smaller Companies PLC
25 May 2006


                                                                                         25-May-06


Below is shown the net asset value per share for
F&C US Smaller Companies PLC at                                  24-May-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)                                              316.41

F&C US Smaller Companies PLC
(Prior charges at book value cum income)                                                    316.71





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