Top 10 Holdings - Feb 2005

Merrill Lynch Br. SmallerCo Tst PLC
02 March 2005


Merrill Lynch British Smaller Companies Trust plc
As at 28 February 2005


Top 10 holdings:

                                                               % of total assets

Aveva Group                                                                 2.34
Brewin Dolphin                                                              2.27
Consolidated Minerals                                                       2.24
BSS Group                                                                   2.06
Blacks Leisure Group                                                        2.01
Parkdean Holidays                                                           1.98
Dechra Pharmaceuticals                                                      1.98
Chaucer Holdings                                                            1.76
Holidaybreak                                                                1.69
Dicom Group                                                                 1.48


Other holdings over 5%:

n/a


Holdings in restricted UK listed investment companies:


n/a


2 March 2005

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

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