Holding(s) in Company

ISIS Smaller Companies Trust PLC
11 August 2006



                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company


ISIS Smaller Companies Trust plc



2. Name of shareholder having a major interest


Friends Provident Group



3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18


As 2 including discretionary retail products.



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them


Chase Nominees Ltd / HSBC GS Nominees Ltd / Puddledock Nominees



5. Number of shares / amount of stock acquired


n/a



6. Percentage of issued class


n/a



7. Number of shares / amount of stock disposed


2,085,657



8. Percentage of issued class


11.95



9. Class of security


Ordinary



10. Date of transaction


08/08/06



 11. Date company informed


09/08/06



12. Total holding following this notification


1,893,710



13. Total percentage holding of issued class following this notification


10.85



14. Any additional information


n/a



15. Name of contact and telephone number for queries


Andrew Nicholson 0131 465 1000



16. Name and signature of authorised company official responsible for making
this notification


Gordon Hay Smith, F&C Asset Management plc, Secretaries



Date of Notification


10/08/06



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