Holding(s) in Company

3i Smaller Quoted Co's Trust PLC
10 May 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
3i Smaller Quoted Companies Trust plc

2. Name of shareholder having a major interest
Prudential plc and certain of its subsidiary companies

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18
In respect of 2 above

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them
                             Registered Holder                                      Holding
Prudential plc               PRUCLT HSBC GIS NOM(UK) PAC AC                                     2,094,755
                             PRUCLT HSBC GIS NOM(UK) PHL AC                                     1,021,412
                             PRUCLT HSBC GIS NOM(UK) PPL AC                                        80,000


The Prudential Assurance     PRUCLT HSBC GIS NOM(UK) PAC AC                                     2,094,755
Company Limited
                             PRUCLT HSBC GIS NOM(UK) PPL AC                                        80,000

5. Number of shares / amount of stock acquired
not known

6. Percentage of issued class
not known

7. Number of shares / amount of stock disposed
not known

8. Percentage of issued class
not known

9. Class of security
Ordinary shares of 25p each

10. Date of transaction
not known

 11. Date company informed
7 May 2004

12. Total holding following this notification
3,196,167

13. Total percentage holding of issued class following this notification
6.10%

14. Any additional information
Notification made by M&G Investment Management Limited. For the purposes of s210
of the Companies Act 1985 (as amended) the address for the registered holders
notified above is Laurence Pountney Hill, London EC4R 0HH.

15. Name of contact and telephone number for queries
Pandora Sharp - 020 7975 3228

16. Name and signature of authorised company official responsible for making
this notification
For and on behalf of 3i plc, Secretaries to 3i Smaller Quoted Companies Trust plc

Date of notification
10 May 2004


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