Interim Results

Montanaro European Smaller C.TstPLC
04 December 2007



To:          Company Announcements
Date:        4 December 2007
Company:     Montanaro European Smaller Companies Assets Trust plc
Subject:     Interim Report for the six months ended 30 September 2007



Interim Report for the six months ended 30 September 2007

A copy of the above document has been submitted to the UK Listing Authority and
will shortly be available for inspection at the UKLA's Document Viewing
Facility, which is situated at:



Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS



All Enquiries:

Gordon Hay Smith        F&C Investment Business Limited  020 7628 8000



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