Top 10 Holdings - August 2005

Merrill Lynch Br. SmallerCo Tst PLC
02 September 2005



Merrill Lynch British Smaller Companies Trust plc
As at 31 August 2005

Top 10 holdings:

AVEVA GROUP
BREWIN DOLPHIN
BSS GROUP
CHAUCER HOLDINGS
CONSOLIDATED MINERALS
DECHRA PHARMACEUTICALS
DICOM GROUP
MOUCHEL PARKMAN
RENISHAW
WSP GROUP


Other holdings over 5%:

n/a


Holdings in restricted UK listed investment companies:

n/a


2 September 2005


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