Month End Portfolio Info

F&C Smaller Companies PLC
13 November 2003

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

GEOGRAPHICAL ASSET ALLOCATION                                    %

UK                                                               43
USA                                                              24
Japan                                                            10
Europe                                                           9
Far East                                                         8
Cash & FI                                                        6
                                                                 ----
Total                                                            100
                                                                 ====
TOP 10 HOLDINGS                                                  %
Kirby Corp                                                       1.00
Cairn Energy                                                     0.97
Utilico Investment Trust                                         0.89
Graphite Enterprise Tst                                          0.89
Blacks Leisure                                                   0.84
Cousins Prop                                                     0.84
Infratil Ltd                                                     0.81
Victrex                                                          0.81
SCP Pool                                                         0.79
Linmark Group                                                    0.79
                                                                 -----
Total                                                            8.63
                                                                 =====
EFFECTIVE GEARING                                                5%



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