Month End Update

ISIS Smaller Companies Trust PLC
13 April 2006

ISIS Smaller Companies Trust plc





ALL DATA AS AT 31st March 2006



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






Top ten equity holdings

Restaurant Group  5.2%
Mouchel Parkman  4.6%
Xaar  3.7%
MTL Instruments  3.7%
Hitachi Capital  3.4%
Morgan Crucible  2.8%
Victrex  2.7%
Kewill Systems  2.2%
Brewin Dolphin  2.2%
Forth Ports  2.2%

Total  32.7%



Sector

Industrials 40.2%
Consumer Services  18.6%
Financials  12.9%
Technology  9.6%
Basic Materials  5.2%
Consumer Goods  5.2%
Cash & Subsidiary  4.3%
Healthcare  2.8%
Oil & Gas  1.2%


Total  100.0%





Actual gearing: 105.8
Potential gearing: 109.6








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