Month End Portfolio Info

F&C Smaller Companies PLC
15 April 2003

F&C SMALLER COMPANIES PLC

ALL DATA AS AT 31st March 2003

THIS DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEBSITE, www.fandc.com FROM
APPROXIMATELY 18th April 2003
                                                                    %
GEOGRAPHICAL ASSET ALLOCATION

UK                                                                 41

USA                                                                24

Continental Europe                                                 11

Cash & Fixed Interest                                              10

Japan                                                               8

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

TOP 10 HOLDINGS                                                   
                                                                    %

Cairn Energy                                                      1.30

CLS Holdings                                                      1.19

Cousins Properties                                                1.11

Brit Insurance Holdings                                           1.11

Graphite Enterprise Tst                                           1.11

Kirby Corp                                                        1.04

American Capital Strategies                                       0.96

SCP Pool Corp                                                     0.93

Forth Ports Authority                                             0.89

Special Utilities Investment Trust                                0.85

                                                                 -----
Total                                                            10.49
                                                                 =====

EFFECTIVE GEARING                                                  7%



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