Month End Portfolio Info

F&C Smaller Companies PLC
17 October 2003


F&C SMALLER COMPANIES PLC ALL DATA AS AT 30th September 2003 THIS DATA WILL BE
AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.com FROM APPROXIMATELY 18th
October 2003

GEOGRAPHICAL ASSET ALLOCATION                                    %
UK                                                               44
USA                                                              24
Europe                                                           10
Japan                                                            10
Far East                                                         7
Cash & FI                                                        5
                                                                 ----
Total                                                            100
                                                                 ====
TOP 10 HOLDINGS                                                  %
Kirby Corp                                                       1.03
SCP Pool                                                         0.94
Cairn Energy                                                     0.93
Graphite Enterprise Tst                                          0.91
Cousins Properties                                               0.86
Utilico Investment Trust                                         0.84
Lambert Howarth Group                                            0.82
CLS Holdings                                                     0.80
American Capital                                                 0.76
Blacks Leisure                                                   0.76
                                                                 -----
Total                                                            8.65
                                                                 =====
EFFECTIVE GEARING                                                5%



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