Month End Portfolio Info

F&C Smaller Companies PLC
16 April 2002

F&C SMALLER COMPANIES PLC

ALL DATA AS AT 31st March 2002

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

GEOGRAPHICAL ASSET ALLOCATION                                        %
UK                                                                  40
USA                                                                 23
Europe                                                              13
Cash & Fixed Interest                                               11
Japan                                                                8
Far East                                                             5
                                                                  ----
Total                                                              100
                                                                  ====
TOP 10 HOLDINGS                                                      %
Cairn Energy                                                      1.36
CLS Holdings                                                      1.25
Harte-Hanks                                                       1.07
Reliance Security Group                                           1.07
Forth Ports Authority                                             1.02
BSS Group                                                         1.02
Cousins Properties                                                0.92
SCP Pool                                                          0.89
Kirby                                                             0.84
Minerva                                                            0.8
                                                                  ----
Total                                                            10.24
                                                                  ====
EFFECTIVE GEARING                                                   1%



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