Transaction in Own Shares

British Smaller Companies VCT PLC
20 August 2004


               British Smaller Companies VCT plc ('the Company')                

                           Purchase of Own Securities                           


The Company bought back for cancellation 8,000 ordinary shares of 10p each in
the Company at 55p each yesterday.



20 August 2004



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