Holding in Company

Foreign & Colonial U.S.Smllr.Co PLC
9 January 2002

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

Foreign & Colonial U.S. Smaller Companies PLC

2) Name of shareholder having a major interest

Legal & General Investment Management 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

Beneficial 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

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

HSBC Global Custody Nominee (UK) Ltd A/c 357206 - 1,043,100

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



6) Percentage of issued class



7) Number of shares/amount of stock disposed

50,000

8) Percentage of issued class

0.15

9) Class of security

ordinary shares of 25p

10) Date of transaction

7 January 2002

11) Date company informed

9 January 2002

12) Total holding following this notification

1,246,620

13) Total percentage holding of issued class following this notification

3.80

14) Any additional information



15) Name of contact and telephone number for queries

Mrs R Hostler - 0207 825 2318


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

Rowan Hostler
For and on behalf of F&C Management Limited, Secretary


Date of notification: 9 January 2002