Holding(s) in Company

F&C Smaller Companies PLC
07 January 2005

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

F&C Smaller Companies PLC

2) Name of shareholder having a major interest

Deutsche Bank AG

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

In respect of the shareholder named in 2 above

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

Not specified

5) Number of shares/amount of stock acquired

Not specified

6) Percentage of issued class

n/a

7) Number of shares/amount of stock disposed

Not specified

8) Percentage of issued class

n/a

9) Class of security

Ordinary shares of 25p each

10) Date of transaction

Not specified

11) Date company informed

6 January 2005

12) Total holding following this notification

9,282,872

13) Total percentage holding of issued class following this notification

10.93%

14) Any additional information

n/a

15) Name of contact and telephone number for queries

D. Fallon
Tel: [phone]

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

H.N. Potter
For and on behalf of F&C Management Limited

Date of notification

7 January 2005



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