Purchase of Own Securities

British Smaller Companies VCT PLC
22 March 2001


              British Smaller Companies VCT plc ('the Company')

Purchase of Own Securities

The Company has bought back for cancellation 2,000 ordinary shares of 10p each
in the Company at 70 pence each.

22 March 2001

Contact: Beeson Gregory, Nick Rodgers 020 7488 4040