Transaction in Own Shares

ISIS Smaller Companies Trust PLC
07 October 2005


               
To:            RNS
From:          ISIS Smaller Companies Trust plc
Date:          7 October 2005


Purchase of Own Securities


On 6 October 2005 ISIS Smaller Companies Trust plc bought 700,000 of its own
Ordinary Shares of 50p for cancellation at a price of 276p each.  There are
17,498,260 shares in issue following this repurchase.


Gordon R Hay Smith
Company Secretary

Enquiries:        0131 465 1000




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