Holding(s) in Company

F&C Smaller Companies PLC
02 December 2004

The Stock Exchange

RNS

Old Broad Street

London

EC2N 1HP


                                        02 December 2004

Dear Sir

As at 30 November 2004, F&C Smaller Companies PLC had the following holding in
other UK listed investment companies that do not have a stated policy to invest
no more than 15% of their gross assets in other UK listed investment companies:


Investment Company                                      Holding (% of gross assets)

Utilico Investment Trust plc                            0.84%






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            The company news service from the London Stock Exchange