Month end portfolio info

F&C Smaller Companies PLC
19 November 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                                                                 24

Europe                                                              11

Cash & Fixed Interest                                               10

Japan                                                                8

Far East                                                             6
                                                                  ----
Total                                                              100
                                                                  ====

TOP 10 HOLDINGS                                                      %

T&S Stores                                                        1.33

Cairn Energy                                                      1.18

CLS Holdings                                                      1.16

Harte-Hanks                                                       1.11

Cousins Properties                                                1.00

Forth Ports Authority                                             0.96

Graphite Enterprise Tst                                           0.95

Crest Nicholson                                                   0.94

SCP Pool Corp                                                     0.90

Iron Mountain Inc                                                 0.90
                                                                  ----
Total                                                            10.43
                                                                  ====
EFFECTIVE GEARING                                                   5%


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