Holding(s) in Company

3i Smaller Quoted Co's Trust PLC
11 October 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
3i Smaller Quoted Companies Trust plc

2. Name of shareholder having a major interest
AXA S.A. and its subsidiaries

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18
as above

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

Name of the Company / Fund       Number of      Particulars of Beneficial Owners     Registered as
                                 shares
AXA UK Investment Co ICVC                   538 Trustees of AXA UK Investment Co     HSBC Global Custody Nominee (UK)
UK Tracker Fund                                 ICVC UK Tracker Fund                 Limited
(Non-Beneficial)                                                                     Mariner House
                                                                                     Pepys Street
                                                                                     London EC3N 4DA
                                                                                     a/c 845315

Pan Euro UK Secure Growth               250,000 Pan Euro UK Secure Growth            Barclays Nominees Ltd
(Non-Beneficial)                                                                     PO Box 1043
                                                                                     Willow Grove House
                                                                                     Windsor, Trowbridge
                                                                                     Wiltshire BA14 0YT
                                                                                     a/c 6000BQ

AXA World Funds II                       62,500 Trustees of AXA World Funds II       Citibank
Distribution Fund                               Distribution Fund                    London
(Non-Beneficial)                                                                     Crest: BA01F

Sun Life Pensions Management Ltd         68,190 Sun Life Pensions Management Ltd     HSBC Global Custody Nominee (UK)
(Beneficial)                                                                         Limited
                                                                                     Mariner House
                                                                                     Pepys Street
                                                                                     London EC3N 4DA
                                                                                     a/c 904009

Sun Life Pensions Management Ltd         92,160 Sun Life Pensions Management Ltd     HSBC Global Custody Nominee (UK)
A/c X                                                                                Limited
(Beneficial)                                                                         Mariner House
                                                                                     Pepys Street
                                                                                     London EC3N 4DA
                                                                                     a/c 887553

Sun Life Pensions Management Ltd         76,790 Sun Life Pensions Management Ltd     HSBC Global Custody Nominee (UK)
A/c X                                                                                Limited
(Beneficial)                                                                         Mariner House
                                                                                     Pepys Street
                                                                                     London EC3N 4DA
                                                                                     a/c 887565

Sun Life Pensions Management Ltd         87,200 Sun Life Pensions Management Ltd     HSBC Global Custody Nominee (UK)
A/c X                                                                                Limited
(Beneficial)                                                                         Mariner House
                                                                                     Pepys Street
                                                                                     London EC3N 4DA
                                                                                     a/c 887577

Sun Life Pensions Management Ltd         85,720 Sun Life Pensions Management Ltd     HSBC Global Custody Nominee (UK)
A/c X                                                                                Limited
(Beneficial)                                                                         Mariner House
                                                                                     Pepys Street
                                                                                     London EC3N 4DA
                                                                                     a/c 887589

Sun Life Pensions Management Ltd         77,590 Sun Life Pensions Management Ltd     HSBC Global Custody Nominee (UK)
A/c X                                                                                Limited
(Beneficial)                                                                         Mariner House
                                                                                     Pepys Street
                                                                                     London EC3N 4DA
                                                                                     a/c 887590

Sun Life Pensions Management Ltd         60,580 Sun Life Pensions Management Ltd     HSBC Global Custody Nominee (UK)
A/c X                                                                                Limited
(Beneficial)                                                                         Mariner House
                                                                                     Pepys Street
                                                                                     London EC3N 4DA
                                                                                     a/c 887607

Sun Life Pensions Management Ltd         48,480 Sun Life Pensions Management Ltd     HSBC Global Custody Nominee (UK)
A/c X                                                                                Limited
(Beneficial)                                                                         Mariner House
                                                                                     Pepys Street
                                                                                     London EC3N 4DA
                                                                                     a/c 887619

Sun Life Unit Assurance Ltd A/c       1,693,989 Sun Life Unit Assurance Ltd          HSBC Global Custody Nominee (UK)
X                                                                                    Limited
(Beneficial)                                                                         Mariner House
                                                                                     Pepys Street
                                                                                     London EC3N 4DA
                                                                                     a/c 867050

Sun Life Pensions Management Ltd          7,500 Sun Life Pensions Management Ltd     Smith & Williamson Nominees Ltd
(Beneficial)                                                                         1 Riding House Street
                                                                                     London W1A 3AS
                                                                                     a/c S66

Sun Life Pensions Management Ltd        124,143 Sun Life Pensions Management Ltd     RBSTB nominees designation Sunpen
(Beneficial)                                                                         67 Lombard Street
                                                                                     LONDON
                                                                                     EC3P 3DL

Sun Life International (IOM) Ltd        427,595 Sun Life International (IOM) Ltd     Sun Life International
(Beneficial)                                                                         Isle of Man Limited a/c
                                                                                     a/c SLI 11

                                                   Holding as % of Issued Capital
       Total Beneficial Interest      2,849,937                 5.00
   Total Non-Beneficial Interest        313,038                 0.55
                           Total      3,162,975                5.55%

5. Number of shares / amount of stock acquired
not known

6. Percentage of issued class
not known

7. Number of shares / amount of stock disposed
not known

8. Percentage of issued class
not known

9. Class of security
Ordinary shares of 25p each

10. Date of transaction
not known

 11. Date company informed
9 October 2002

12. Total holding following this notification
2,849,937 (beneficial) and 313,038 (non-beneficial)

13. Total percentage holding of issued class following this notification
5% (beneficial) and 0.55% (non-beneficial)

14. Any additional information
The notification was made by AXA Investment Managers UK Ltd on behalf of AXA S.A. of 25 Avenue Matignon,
75008 Paris and its subsidiaries.

15. Name of contact and telephone number for queries
Pandora Sharp - 020 7975 3228

16. Name and signature of authorised company official responsible for making
this notification
For and on behalf of 3i plc, Secretaries to 3i Smaller Quoted Companies Trust plc

Date of notification
11 October 2002


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