Net Asset Value(s)

ISIS Smaller Companies Trust PLC
10 November 2005

NAV's as at close of business on 09/11/05

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                                        319.92



Note: NAVs are diluted, where appropriate.



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