Month End Portfolio Info

F&C Smaller Companies PLC
16 August 2004


F&C Smaller Companies PLC

ALL DATA AS AT 31st July 2004

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

Geographic Allocation                                                      %

UK                                                                         46
USA                                                                        23
Continental Europe                                                          8
Other Pacific                                                               5
Japan                                                                      10
Other                                                                       2
Cash & Fixed Interest                                                       6

Total                                                                     100


Top Ten Holdings                                                           %

Cairn Energy                                                              1.9
Infratil Limited                                                          1.0
Hardman Resources                                                         0.9
CLS                                                                       0.9
Sondex                                                                    0.9
Graphite Enterprise Trust                                                 0.9
Linmark Group                                                             0.8
Lambeth Howarth Group                                                     0.8
Capital & Regional                                                        0.8
BSS Group                                                                 0.8

Effective Gearing                                                           5%



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