Purchase of Own Securities

Foreign & Colonial U.S.Smllr.Co PLC
15 February 2000


On 15th February 2000 Foreign & Colonial U.S. Smaller Companies PLC purchased
for cancellation through Cazenove & Co., 60,000 ordinary shares in the market at
a price of 187.5p per share.

Following this purchase, the total number of ordinary shares in issue stands at
34,987,883.