Month End Portfolio Info

F&C Smaller Companies PLC
15 October 2002


F&C SMALLER COMPANIES PLC

ALL DATA AS AT 30th September 2002

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

GEOGRAPHICAL ASSET ALLOCATION                                        %

UK                                                                  40
USA                                                                 24
Cash & Fixed Interest                                               10
Japan                                                                9
Europe                                                              11
Far East                                                             6
                                                                  ----
Total                                                              100
                                                                  ====
TOP 10 HOLDINGS                                                      %

Cairn Energy                                                      1.44
CLS Holdings                                                      1.39
Harte-Hanks                                                       1.21
Cousins Properties                                                1.10
T&S Stores                                                        1.09
Crest Nicholson                                                   1.08
SCP Pool Corp                                                     1.04
Brit Insurance Houldings                                          1.01
Forth Ports Authority                                             0.97
Graphite Enterprise Tst                                           0.95
                                                                  ----
Total                                                            10.39
                                                                  ====
EFFECTIVE GEARING                                                   5%


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