Month End Portfolio Info

F&C Smaller Companies PLC
12 January 2005


F&C Smaller Companies PLC

ALL DATA AS AT 31st December 2004

THIS DATA WILL BE AVAILABLE ON THE F&C ASSET MANAGEMENT WEB-SITE, www.fandc.com
FROM APPROXIMATELY 18th January 2005


Geographical Allocation               %

UK                                   45
USA                                  23
Japan                                11
Cont. Europe                          9
Far East                              8
Cash & FI                             3

Total                               100




Top Ten Holdings                      %

Infratil Ltd                       1.00
CLS                                0.95
Graphite Enterprise Tst            0.89
Capital & Regional Plc             0.88
BSS Group                          0.85
Victrex                            0.81
Lambert Howarth Group              0.77
Sondex                             0.75
Connaught                          0.73
Meggitt                            0.73

Effective Gearing                    6%



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