Portfolio Update

F&C U.S. Smaller Companies PLC
02 October 2007


F&C US Smaller Companies PLC

Top ten holdings and all holdings over 5% of gross assets as at 30th September 
2007:

Stock                                                         % of gross assets


Cousins Properties                                                          2.7
Acco Brands                                                                 2.3
Dollar Thrifty Automotive                                                   2.2
CapitalSource                                                               2.2
Community Health Systems                                                    2.2
Actuant                                                                     2.2
Conns                                                                       2.1
Five Star Quality Care                                                      2.1
Premiere Global Services                                                    2.1
Baldor Electric                                                             2.1




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