Month End Portfolio Info

F&C Smaller Companies PLC
18 May 2004

F&C SMALLER COMPANIES PLC

ALL DATA AS AT 30th April 2004

THIS DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.com FROM
APPROXIMATELY 18th May 2004

Geographical Asset Allocation             %

UK                                       44

USA                                      23

Japan                                    11

Europe                                    9

Far East                                  8

Cash & Fixed Interest                     5

Total                                     100



Top 10 Holdings                           %

Cairn Energy                             2.00

Kirby Corp                               1.01

Infratil Ltd                             0.95

Utilico Investment Trust                 0.94

Linmark Group                            0.92

CLS                                      0.91

Topps Tiles                              0.85

Graphite Enterprise Trust                0.84

SCP Pool                                 0.83

Lambert Howarth                          0.81

Total                                   10.06

Effective Gearing                           6%




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