Month end portfolio info

F&C U.S. Smaller Companies PLC
16 January 2006

F&C US Smaller Companies PLC

ALL DATA AS AT 31st December 2005

THIS DATA WILL BE AVAILABLE ON THE F&C ASSET MANAGEMENT WEB-SITE, www.fandc.com
FROM APPROXIMATELY 18th January 2006



Top ten equity holdings                                 %

Conn's                                                2.7
Cousins Properties                                    2.4
Fred's                                                2.4
LKQ Corp                                              2.3
Republic Services                                     2.3
Lithia Motors                                         2.2
Checkers                                              2.1
CapitalSource                                         2.1
Pride International                                   2.1
BankUnited                                            2.1


Total                                                22.7



Sector


Consumer Discretionary                              30.5%
Financial Services                                  26.2%
Health Care                                          9.0%
Producer Durables                                    8.6%
Autos And Transportation                             8.4%
Technology                                           5.9%
Other Energy                                         5.6%
Materials And Processing                             4.6%
Utilities                                            1.2%

Total                                               100.0%




Actual gearing:  98.0
Potential gearing: 100.0




















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