Month End Portfolio Info

F&C Smaller Companies PLC
14 May 2002

F&C SMALLER COMPANIES PLC

ALL DATA AS AT 30th April 2002

THIS DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.co.uk FROM
APPROXIMATELY 18TH May 2002

GEOGRAPHICAL ASSET ALLOCATION                                        %
UK                                                                  41
USA                                                                 23
EUROPE                                                              13
CASH & FIXED INTEREST                                                9
JAPAN                                                                9
FAR EAST                                                             5
                                                                  ----
Total                                                              100
                                                                  ====
TOP 10 HOLDINGS                                                      %
CLS Holdings                                                      1.26
Cairn Energy                                                      1.25
Forth Ports Authority                                             1.13
BSS Group                                                         1.09
Harte-Hanks                                                       1.05
Cousins Properties                                                0.92
SCP Pool                                                          0.87
Reliance Security Group                                           0.85
Crest Nicholson                                                   0.81
Graphite Enterprise                                               0.77
                                                                  ----
Total                                                            10.00
                                                                  ====
EFFECTIVE GEARING                                                   3%



                      This information is provided by RNS
            The company news service from the London Stock Exchange