Holding in Company

Foreign & Colonial U.S.Smllr.Co PLC
23 August 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     FOREIGN & COLONIAL U.S. SMALLER COMPANIES PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     CARR SHAPPARDS CROSTHWAITE LIMITED

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     AS IN 2

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     NOT SPECIFIED

5)   Number of shares/amount of stock acquired.



6)   (N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     NOT NOTIFIED

8)   (N/A %) of issued Class

9)   Class of security

     ORDINARY SHARES OF 25P EACH

10)  Date of transaction

     NOT SPECIFIED

11)  Date company informed

     23.8.00

12)  Total holding following this notification


               
              
13)  Total percentage holding of issued class following this notification

     LESS THAN 3%

14)  Any additional information



15)  Name of contact and telephone number for queries

     R.T. HOSTLER      0207 825 2318

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ....23 AUGUST 2000..............