Net Asset Value(s)

ISIS Smaller Companies Trust PLC
13 June 2006



Date of Announcement: 13/06/06-NAV's as at close of business on 12/06/06

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

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



ISIS Smaller Companies Trust plc                                         340.15


Note: NAVs are diluted, where appropriate.




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