Annual Report and Accounts

F&C U.S. Smaller Companies PLC
27 September 2004



F&C US Smaller Companies PLC

Report and Accounts, Form of Proxy and Forms of Direction for the Year Ended
30th June 2004


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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