21.20 Announcement

3i Smaller Quoted Co's Trust PLC
02 February 2005


3i Smaller Quoted Companies Trust plc
As at 31 January 2005

Pursuant to Listing Rule 21.20.(l)(i) 3i Smaller Quoted Companies Trust plc
announces that, as at the last business day of January 2005, it had no
investments in listed investment companies whose investment policies allow them
to invest more than 15% of their gross assets in other listed investment
companies.


2 February 2005

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