Result of EGM

Foreign & Colonial U.S.Smllr.Co PLC
04 December 2002



Foreign & Colonial U.S. Smaller Companies PLC

The Board of Foreign & Colonial U.S. Smaller Companies PLC (the 'Company')
announces that all the resolutions put to the Annual General Meeting and
Extraordinary General Meeting held today were passed. Accordingly the Company
expects to implement the Tender Offer, under which Shareholders (other than
Overseas Shareholders) may tender Shares at 93% of Net Asset Value as at the
Calculation Date as described in the circular to Shareholders dated 1 November
2002 on the basis of the following timetable.



Expected Timetable
                                                                                                                    2002
Calculation Date for Tender Price                                                                             5 December
Tender Price and result of Tender Offer and Matching Facility                     by the close of business on 6 December
announced
Settlement of Tender Offer and Matching Facility                                                             11 December
CREST accounts credited with unsold uncertificated Shares                                                    11 December
Balance certificates in respect of unsold certificated Shares or                                          by 20 December
Shares acquired under the Matching Facility despatched

Enquiries

Robert Siddles               02076288000

F&C Management Limited

Angus Gordon Lennox          02075882828

Cazenove & Co. Ltd










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