Holding in Company

3i Smaller Quoted Co's Trust PLC
16 March 2001


LETTER TO COMPANY ANNOUNCEMENTS OFFICE

'THE LISTING RULES' - Chapter 9, Paragraph 9.11

In accordance with the above, we are writing to let you know that notification
of a change in interest in 3i Smaller Quoted Companies Trust Plc under S.198 of
the Companies Act 1985 (as amended) was received in our London offices today.
A copy of the notification letter is below.

Letter from 3i Smaller Quoted Companies Trust



LETTER TO 3I SMALLER QUOTED COMPANIES TRUST PLC

RE: SECTION 198

Further to our telephone conversation I confirm, under Section 198 of the 
Companies Act 1985, that following recent sales, funds managed on behalf of Sun
Life Financial of Canada no longer have a notifiable interest in the above
mentioned company.

Letter from SLC Asset Management