Transaction in Own Shares

F&C U.S. Smaller Companies PLC
18 January 2008

18 January 2008


F&C US SMALLER COMPANIES PLC
TRANSACTION IN OWN SHARES

The Board of F&C US Smaller Companies PLC ('the Company') announces that on 18
January 2008 the Company purchased for cancellation 10,000 ordinary shares of
25p each at a price of 230p per share.

Therefore, the total number of voting rights in the Company is now 21,234,081.

The above figure (21,234,081) may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the Company under the FSA's
Disclosure and Transparency Rules.

Name of contact and telephone number for enquiries:

Debbie Fish
For and on behalf of F&C Management Limited, Secretary
Telephone: [phone]




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