Holding(s) in Company

F&C U.S. Smaller Companies PLC
12 December 2002


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

F&C US 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 - 37,500

HSBC Global Custody Nominee (UK) Ltd A/c 360509 - 6,250

HSBC Global Custody Nominee (UK) Ltd A/c 357206 - 255,725

HSBC Global Custody Nominee (UK) Ltd A/c 747381 - 31,760

HSBC Global Custody Nominee (UK) Ltd A/c 866203 - 3,750


5) Number of shares/amount of stock acquired


6) Percentage of issued class


7) Number of shares/amount of stock disposed



8) Percentage of issued class



9) Class of security

ordinary shares of 25p

10) Date of transaction

11 December 2002

11) Date company informed

12 December 2002

12) Total holding following this notification

334,985

13) Total percentage holding of issued class following this notification

1.25%

14) Any additional information

Reduction in holding following Tender Offer

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

Miss S. Cox
For and on behalf of F&C Management Limited, Secretary


Date of notification: 12 December 2002


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