Transaction in Own Shares

British Smaller Companies VCT PLC
20 July 2004


               British Smaller Companies VCT plc ('the Company')

                           Purchase of Own Securities


The Company today bought back for cancellation 7,500 ordinary shares of 10p each
in the Company at 50p each.

20 July 2004


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