Month End Portfolio Info

F&C Smaller Companies PLC
15 December 2004

F&C Smaller Companies PLC

ALL DATA AS AT 31st November 2004

THIS DATA WILL BE AVAILABLE ON THE F&C ASSET MANAGEMENT WEB-SITE, www.fandc.com
FROM APPROXIMATELY 18th December 2004


Geographic Allocation                                             %

UK                                                               46
USA                                                              23
Japan                                                            12
Cont Europe                                                       9
Far East                                                          7
Cash & FI                                                         3

Total                                                           100




Top Ten Holdings                                                  %

Cairn Energy                                                   1.43
Infratil Limited                                               1.11
CLS Holdings                                                   0.94
Graphite Enterprise Trust                                      0.89
Capital & Regional Plc                                         0.83
BSS Group                                                      0.77
Lambert Howarth Group                                          0.76
Blacks Leisure                                                 0.75
Meggitt                                                        0.74
Victrex                                                        0.74

Effective Gearing                                              7%



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