Listing Rule 21

3i Smaller Quoted Co's Trust PLC
02 March 2004

Pursuant to Listing Rule 21.20(l)(ii), 3i Smaller Quoted Companies Trust plc
announces that, as at the last business day of the quarter to 29 February 2004,
the Company had no holdings amounting to greater than 5% of its gross assets and
that its ten largest investments were as follows:



Paragon Group of Companies plc

Pendragon plc

Brewin Dolphin Holdings plc

BSS Group plc

Parkdean Holidays plc

AutoLogic Holdings plc

Alba plc

Ottakar's plc

Aveva Group plc

Chaucer Holdings plc






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