Transaction in Own Shs-Amend

F&C U.S. Smaller Companies PLC
31 March 2005


     Amendment to notification of 30 March 2005 - the price paid per share

          was 228p, not 230p as previously notified on RNS No 3699K



                          F&C US SMALLER COMPANIES PLC

                             PURCHASE OF OWN SHARES




1) Date of purchase:

30 March 2005

2) Number of Ordinary Shares purchased:

20,000

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

228p

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

Ordinary Shares - 24,213,269

5) Name and telephone number of contact for queries:

Mr R G Short
Tel: [phone]

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

Mr R G Short
For and on behalf of F&C Management Limited, Secretary

7) Date of notification

31 March 2005



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