Net Asset Value(s)

ISIS Smaller Companies Trust PLC
10 October 2005

Date of Announcement: 10/10/05 - NAV's as at close of business on 07/10/05

F & C Asset Management plc Investment Trusts announces the unaudited Net Asset
Values for the following Investment Trusts.
(Pence per share)


ISIS Smaller Companies Trust plc                                          319.42




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