Annual Report and Accounts

F&C U.S. Smaller Companies PLC
22 September 2003

F&C US Smaller Companies PLC

Report and Accounts and Forms of Proxy for the Year Ended 30th June 2003


Copies of the above documents have been submitted to the UK Listing Authority,
and will shortly be available for inspection at the UK Listing Authority's
Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Tel: [phone]


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            The company news service from the London Stock Exchange