Holding(s) in Company

3i Smaller Quoted Co's Trust PLC
11 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

HSBC Bank plc


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

HSBC Bank plc and its parent company HSBC Holdings plc


4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

Registered holder                                            Number of shares

HSBC Global Custody Nominee (UK) Ltd                         1,803,500
Unknown                                                      3,289

Total                                                        1,806,789


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

10 May 2004


12. Total holding following this notification

1,806,789


13. Total percentage holding of issued class following this notification

3.45%


14. Any additional information

The above mentioned 3,289 shares are of a kind described in section 208 (5) of 
the Companies Act 1985.

The information provided was at close of business on 5 May 2004.


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

11 May 2004




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