Holding(s) in Company

F&C U.S. Smaller Companies PLC
22 May 2006

                                  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

F&C Asset Management plc

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 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

Chase Nominees Limited - 3,034,810 shares

Puddle Dock Nominees Limited - 3,214,762 shares

BNY (OCS) Nominees Limited - 399,680 shares

5) Number of shares/amount of stock acquired

n/a

6) Percentage of issued class

n/a

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

10) Date of transaction

n/a

11) Date company informed

22 May 2006

12) Total holding following this notification

6,649,252 shares

13) Total percentage holding of issued class following this notification

28.06%

14) Any additional information
This holding comprises 3,614,442 shares (15.25%) held through savings schemes
managed by F&C on behalf of clients who have absolute discretion regarding
dealing, voting and offer acceptance decisions. The remaining 3,034,810 shares
(12.81%) include the holding by Foreign & Colonial Investment Trust plc
(12.53%).

Friends Provident is the parent company of F&C Asset Management plc and as such
is deemed to be interested in the shares in question.

15) Name of contact and telephone number for queries

Mr R G Short
Tel: [phone]

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

Mr R G Short

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

Date of notification:

22 May 2006



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