Holding in Company

3I SMALLER QUOTED COMPANIES TRUST PLC
1 October 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:

Letter from PPM on behalf of Prudential Corporation plc


                              NOTIFIABLES
                              POSITION REPORT

SEDOL: 0643610   CLIENT FUND REPORTING GROUP : PPMB

3I SMLR QUOTED COS            
0643610  ORD  GBP0.25

SHARES IN ISSUE     REGISTERED HOLDER              CURRENT HOLDING     HOLDING %

57,918,523          PRU CLNT (MSS) NOM LTD PAC A/C     1,250,492
                    PRU CLT (MSS) NOM LTD PPL A/C      2,067,123
57,918,523                                             3,317,615         5.72