Holdings in Inv Co's

Shires Smaller Companies PLC
01 December 2006


1 December 2006





Shires Smaller Companies plc



Pursuant to Listing Rule 21.20 (l) (i), Shires Smaller Companies plc announces
that as at 30 November 2006 its investments in other listed investment companies
(including listed investment trusts) which themselves do not have stated
investment policies to invest no more than 15% of their total assets in other
listed investment companies (including listed investment trusts) were as
follows:

Name of Holding                                         Number held

Midas Income & Growth Trust                                 648,723





Shires Smaller Companies plc is managed by Glasgow Investment Managers.



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