Hldg by Prudential Corp. PLC

3I SMALLER QUOTED COMPANIES TRUST PLC
10 September 1999


LETTER TO: 3I SMALLER QUOTED COMPANIES TRUST PLC

Companies Act 1985
Disclosures of Interest in Voting Shares

In compliance with Part VI of the above Act, as amended, I inform you that as a
result of recent sales, the notifiable interest of the Prudential Corporation
group of companies, in the following class of voting share in your company, is
now as specified below.

                            NOTIFIABLES
                          Position Report   
 
             SEDOL : 0643610   Client Fund Reporting Group : PPMB

                  Shares in Issue   Registered Holder Current Holding   Holding

3I SMLR QUOTED COS     57,918,523    PRU CLNT (MSS)  
0643610 ORD GBP0.25                  NOM LTD PAC A/C       1,250,492     

                                     PRU CLT (MSS)
                                     NOM LTD PPL A/C       2,592,123

                       57,918,523                          3,842,615   6.63%


LETTER FROM:  PRUDENTIAL CORPORATION PLC