21.20 Announcement

Merrill Lynch Br. SmallerCo Tst PLC
02 June 2005

Merrill Lynch British Smaller Companies Trust plc
As at 31 May 2005

Pursuant to Listing Rule 21.20.(l)(i) Merrill Lynch British Smaller Companies
Trust plc announces that, as at the last business day of May 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 June 2005


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