Month End Portfolio Update

ISIS Smaller Companies Trust PLC
13 March 2006

ISIS Smaller Companies Trust plc





ALL DATA AS AT 28th February 2006



THIS DATA WILL BE AVAILABLE ON THE F&C ASSET MANAGEMENT WEB-SITE, http://
www.fandc.com/ FROM APPROXIMATELY 18th March 2006



Top ten equity holdings                                         %


1                              Mouchel Parkman                  4.6
2                              Xaar                             4.3
3                              MTL Instruments                  4.2
4                              Restaurant Group                 4.1
5                              Hitachi Capital                  4.0
6                              Victrex                          3.5
7                              Morgan Crucible                  3.0
8                              Havelock Europa                  2.2
9                              Kewill Systems                   2.1
10                             Brewin Dolphin                   2.1

Total                                                           32.2








Sector                                     %

Industrials                                33.9
Consumer Services                          21.6
Financials                                 12.7
Technology                                 10.5
Consumer Goods                              8.5
Cash & Subsidiary                           6.5
Basic Materials                             5.2
Oil & Gas                                   1.2



Total                                 100.0








Actual gearing:       103.5
Potential gearing:    109.7














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