Monthly portfolio information

F&C Smaller Companies PLC
14 March 2002


F&C SMALLER COMPANIES PLC

ALL DATA AS AT 28TH FEBRUARY 2002

THIS DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.co.uk FROM
APPROXIMATELY 15TH MARCH 2002


GEOGRAPHICAL ASSET ALLOCATION                                        %
UK                                                                  41
USA                                                                 23
Europe                                                              13
Cash & Fixed Interest                                                9
Japan                                                                9
Far East                                                             5
                                                                  ----
Total                                                              100
                                                                  ====
TOP 10 HOLDINGS                                                      %
Cairn Energy                                                       1.3
CLS Holdings                                                       1.2
Harte-Hanks                                                        1.1
Reliance Security Group                                            1.0
Forth Ports Authority                                              1.0
Cousins Properties                                                 0.9
BSS Group                                                          0.9
Kirby                                                              0.9
SCP Pool                                                           0.9
Minerva                                                            0.9
                                                                  ----
Total                                                             10.1
                                                                  ====
EFFECTIVE GEARING                                                   4%



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