Holding(s) in Company

F&C U.S. Smaller Companies PLC
24 May 2007



                   NOTIFICATION OF MAJOR INTERESTS IN SHARES




1.   Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:



F&C US Smaller Companies PLC



2. Reason for the notification:



Other - Change in issued share capital



3. Full name of person(s) subject to the notification obligation:



F&C Asset Management plc



4. Full name of shareholder(s) (if different from 3.):



Foreign & Colonial Investment Trust PLC

Goodwood Pension Scheme



5. Date of the transaction (and date on which the threshold is crossed or
reached if different):



21 May 2007



6. Date on which issuer notified:



23 May 2007



7. Threshold(s) that is/are crossed or reached:



20% (or 36% if savings scheme voting rights are included - see below)



8. Notified details:



n/a



A: Voting rights attached to shares


Class/type of shares if possible              Situation previous to the Triggering transaction
using the ISIN CODE
                                  Number of shares                   Number of voting Rights


GB003462402                       4,428,169                          4,428,169



Resulting situation after the triggering transaction


Class/type of shares Number of shares   Number of voting rights          % of voting rights
if possible using
the ISIN CODE
                     Direct             Direct         Indirect          Direct     Indirect


GB003462402          4,428,169          0              4,428,169         0          20.03%



B: Financial Instruments

Resulting situation after the triggering transaction


Type of         Expiration Date      Exercise/Conversion       Number of voting rights     % of voting rights
financial                            Period/ Date              that may be acquired if the
instrument                                                     instrument is exercised/
                                                               converted.







Total (A+B)
Number of voting rights        % of voting rights


4,428,169                      20.03%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:



F&C Asset Management plc:



- Foreign & Colonial Investment Trust PLC 4,368,169 voting rights 19.76%

- Goodwood Pension Scheme 60,000 voting rights 0.27%





Proxy Voting:



10. Name of the proxy holder:



F&C Asset Management plc



11. Number of voting rights proxy holder will cease to hold:



n/a



12. Date on which proxy holder will cease to hold voting rights:



n/a



13. Additional information:



Please note F&C Investment Trust Savings Schemes have the following holdings on
which we do not control the voting rights (VR):



- F&C Pension Savings Plan 381,976 VR 1.73%

- F&C Private Investor Plan 1,795,860 VR 8.12%

- F&C ISA Plan 922,537 VR 4.17%

- F&C PEP Plan 444,009 VR 2.00%



Total savings scheme shares 3,544,382; VR 16.02%



14. Contact name:



Juliet Dearlove, F&C Management Limited



15. Contact telephone number:



020 7011 5089




                      This information is provided by RNS
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