Quarterly 21.20 Announcement

3i Smaller Quoted Co's Trust PLC
02 September 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 31 August 2004,
the Company had no holdings amounting to greater than 5% of its gross assets and
that its ten largest investments were as follows:

BSS Group plc
Aveva Group plc
Blacks Leisure Group plc
Dechra Pharmaceuticals plc
Parkdean Holidays plc
Chaucer Holdings plc
Dicom Group plc
Holidaybreak plc
Brewin Dolphin Holdings plc
Ottakar's plc


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