Net Asset Value(s)

F&C Smaller Companies PLC
22 September 2005


                                                                                          22-Sep-05


Below is shown the net asset value per share for
F&C Smaller Companies PLC at                                    21-Sep-05

NAV per share (at mid market values) in £ sterling with prior charges at nominal value:
                                                                                              pence

F&C Smaller Companies PLC                                                                    356.16
Net Assets - prior charges at market value -ex income

F&C Smaller Companies PLC                                                                    358.32
Net Assets - prior charges at market value - cum income

F&C Smaller Companies PLC
Net assets per share - ex  income                                                            360.92

F&C Smaller Companies PLC
Net assets per share - cum  income                                                           363.08





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