Holding in Company

Foreign & Colonial Smaller Co's PLC
14 February 2001



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     FOREIGN & COLONIAL SMALLER COMPANIES PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     PRUDENTIAL PLC

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     BENEFICIAL

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     PRUCLT HSBC GIS NOM (UK) PAC AC

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     NOT SPECIFIED

8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY SHARES OF 25p EACH

10)  Date of transaction

     NOT SPECIFIED

11)  Date company informed

     13th FEBRUARY 2001

12)  Total holding following this notification

     8,400,000 
              
13)  Total percentage holding of issued class following this notification

     8.9%

14)  Any additional information



15)  Name of contact and telephone number for queries

     D HARDING - 020 7628 8000

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ....14th FEBRUARY 2001




                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     FOREIGN & COLONIAL SMALLER COMPANIES PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     M&G INVESTMENT MANAGEMENT LTD

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     NON-BENEFICIAL

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     
5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     NOT SPECIFIED

8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY SHARES OF 25p EACH

10)  Date of transaction

     NOT SPECIFIED

11)  Date company informed

     13th FEBRUARY 2001

12)  Total holding following this notification

                   
13)  Total percentage holding of issued class following this notification

     LESS THAN NOTIFIABLE AMOUNT

14)  Any additional information



15)  Name of contact and telephone number for queries

     D HARDING - 020 7628 8000

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ....14th FEBRUARY 2001