Net Asset Value(s)

ISIS Smaller Companies Trust PLC
07 February 2006


NAV as at close of business on 06/02/06

F & C Asset Management plc Investment Trusts announces the unaudited Net Asset
Value for the following Investment Trust.

(Pence per share).  Investments valued on a bid price basis.

ISIS Smaller Companies Trust plc                                       352.56


Note: NAV is diluted, as appropriate.




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