Month End Portfolio Info

F&C Smaller Companies PLC
12 December 2002


F&C SMALLER COMPANIES PLC

ALL DATA AS AT 31st October 2002

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

GEOGRAPHICAL ASSET ALLOCATION                                        %

UK                                                                  41
USA                                                                 25
Europe                                                              11
Cash & Fixed Interest                                                9
Japan                                                                8
Far East                                                             6
                                                                  ----
Total                                                              100
                                                                  ====

TOP 10 HOLDINGS                                                      %
Cairn Energy                                                      1.28
CLS Holdings                                                      1.09
T&S Stores                                                        1.06
Harte-Hanks                                                       1.06
Cousins Properties                                                1.02
Graphite Enterprise Tst                                           0.96
Forth Ports Authority                                             0.96
SCP Pool Corp                                                     0.95
Brit Insurance Holdings                                           0.92
Crest Nicholson                                                   0.86
                                                                  ----
Total                                                            10.16
                                                                  ====
EFFECTIVE GEARING                                                   5%


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