Portfolio Update

Merrill Lynch Br. SmallerCo Tst PLC
04 July 2006

Merrill Lynch British Smaller Companies Trust plc

As at 30 June 2006, Merrill Lynch British Smaller Companies Trust plc announces
that it had no investments in other listed investment companies that do not have
a stated policy to invest no more than 15% of their gross assets in other listed
investment companies.


4 July 2006


                      This information is provided by RNS
            The company news service from the London Stock Exchange    

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