Net Asset Value(s)

F&C Smaller Companies PLC
27 July 2005


                                                                                          27-Jul-05


Below is shown the net asset value per share for
F&C Smaller Companies Plc at                                    26-Jul-05

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

F&C Smaller Companies PLC                                                                    348.47
Net Assets - prior charges at market value -ex income

F&C Smaller Companies PLC                                                                    349.60
Net Assets - prior charges at market value - cum income

F&C Smaller Companies PLC
Net assets per share - ex  income                                                            353.30

F&C Smaller Companies PLC
Net assets per share - cum  income                                                           354.43






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