Purchase of Own Securities

Foreign & Colonial U.S.Smllr.Co PLC
03 October 2002



                  FOREIGN & COLONIAL US SMALLER COMPANIES PLC

                             PURCHASE OF OWN SHARES


1) Date of purchase:

2 October 2002

2) Number of Ordinary Shares purchased:

500,000

3) Highest and lowest price paid per share (excluding expenses):

162p

4) The issued share capital of the Company following this buy-back will be:

Ordinary Shares - 32,294,340

5) Name and telephone number of contact for queries:

Mrs R.T. Hostler

Tel: [phone]

6) Name of authorised Company official responsible for this notification:

Mrs R.T. Hostler

For and on behalf of F&C Management Limited, Secretary

7) Date of notification

2 October 2002



-END-


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