Portfolio Update

F&C U.S. Smaller Companies PLC
03 January 2008


To:                RNS

From:              F&C US Smaller Companies Investment Trust plc

Date:              03-Jan-08



Portfolio Update



The largest ten investments and all investments with a value greater than 5% of
total assets as at 31-Dec-07 are




F&C US Smaller Companies Investment Trust plc
Top 10 Holdings
Company                                            % Total Assets
Community Health Systems                           3.2
Five Star Quality Care                             2.4
Premiere Global Services                           2.3
Harvest Natural Resources                          2.3
Cousins Properties                                 2.3
Andersons                                          2.1
Radiation Therapy                                  2.1
CapitalSource                                      2.0
SRA International                                  2.0
Actuant                                            2.0





This announcement is made in accordance with the UKLA Listing Rules.






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