Portfolio Update

Merrill Lynch Br. SmallerCo Tst PLC
02 December 2005

Merrill Lynch British Smaller Companies Trust plc
As at 30 November 2005
Top 10 holdings:



AVEVA GROUP
BREWIN DOLPHIN HOLDINGS
BSS GROUP
CHAUCER HOLDINGS
Dechra Pharmaceuticals
KIER GROUP
MOUCHEL PARKMAN
RATHBONE BROTHERS
RENISHAW
WSP GROUP




Other holdings over 5%:



n/a


Holdings in restricted UK listed investment companies:

n/a


2 December 2005


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