Monthly Portfolio Disclosure

INVESCO Perpetual UK Smaller Companies Investment Trust plc

Monthly portfolio disclosure

INVESCO Perpetual UK Smaller Companies Investment Trust plc announces that, as
at 27 February 2004, it held the following investment in a listed investment
company that has not declared a policy to invest less than 15% in other listed
investment companies (including investment trusts).

Company                                       Issue    
                                                       
Medical Property Investment Fund             Ord 10p   

This announcement is made in accordance with Paragraph 21.20(l)(i) of the
Listing Rules.