Portfolio Update

F&C Smaller Companies PLC
02 November 2005


F&C Smaller Companies PLC

Top ten holdings and all holdings over 5% of gross assets as at 31 October 2005:

Stock                                                 % of gross assets


Infratil                                                    0.8
Olam International                                          0.8
Capital and Regional                                        0.7
CLS Holdings                                                0.7
Inter Link Foods                                            0.7
Australian New Horizons                                     0.6
Venture Production                                          0.6
Northgate                                                   0.6
Teesland                                                    0.6
Victrex                                                     0.6




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