Net Asset Value(s)

F&C Global Smaller Companies PLC
23 January 2006


F&C Global Smaller Companies PLC (the 'Company')

The unaudited net asset values per share (listed investments at bid value)
of the Company at close of business on          20 January 2006     were:



Net assets per ordinary share (prior charges at market value) - ex income         414.18 pence

Net assets per ordinary share (prior charges at market value) - cum income        418.66 pence


Net assets per ordinary share (prior charges at nominal value) - ex income        422.20 pence

Net assets per ordinary share (prior charges at nominal value) - cum              426.69 pence
income






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