Transaction in Own Shares

F&C U.S. Smaller Companies PLC
14 March 2008


14 March 2008


F&C US SMALLER COMPANIES PLC
TRANSACTION IN OWN SHARES


The Board of F&C US Smaller Companies PLC ('the Company') announces that on 14
March 2008 the Company purchased for cancellation 25,000 ordinary shares of 25p
each at a price of 224p per share.

Therefore, the total number of voting rights in the Company is now 20,994,635.

The above figure (20,994,635) may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the Company under the FSA's
Disclosure and Transparency Rules.


Name of contact and telephone number for enquiries:

Debbie Fish
For and on behalf of F&C Management Limited, Secretary
Telephone: [phone]




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