Holding in Company

Foreign & Colonial U.S.Smllr.Co PLC
28 December 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

Foreign & Colonial US Smaller Companies PLC

2) Name of shareholder having a major interest

Legal & General Investment Management

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

Non-beneficial

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

HSBC Global Custody Nominee (UK) Ltd A/c 775245     150,000

HSBC Global Custody Nominee (UK) Ltd A/c 357206     1,093,100

HSBC Global Custody Nominee (UK) Ltd A/c 747381     47,520

HSBC Global Custody Nominee (UK) Ltd A/c 866203     6,000

5) Number of shares/amount of stock acquired

113,550

6) Percentage of issued class

0.34%

7) Number of shares/amount of stock disposed

N/A

8) Percentage of issued class

N/A

9) Class of security

Ordinary shares of 25p each

10) Date of transaction

21st December 2001

11) Date company informed

24th December 2001 (received 28th December)

12) Total holding following this notification

1,296,620

13) Total percentage holding of issued class following this notification

3.94%

14) Any additional information



15) Name of contact and telephone number for queries

Tracey Bennett

Tel: [phone]

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

Tracey Bennett

For and on behalf of

F&C Management Limited, Secretary


Date of notification

28th December 2001