Net Asset Value(s) - Amend

Montanaro European Smaller C.TstPLC
02 February 2007




The following amendment has been made to the Net Asset Value(s)
announcement released today at 15:08 under RNS No 6546Q.

Net Asset Value should be 411.68 and not 429.5 as previously stated 

All other details remain unchanged.

The full amended text is shown below.



NAV's as at close of business on 1/02/07

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.



Montanaro European Smaller Companies Trust                            411.68


Note: NAVs are diluted, where appropriate.



                      This information is provided by RNS
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