Holding(s) in Company

F&C U.S. Smaller Companies PLC
09 February 2005

                                  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

BNP Paribas Arbitrage SNC

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 above

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

As above

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

1,070,000


8) Percentage of issued class

4.39

9) Class of security

Ordinary shares of 25p

10) Date of transaction

8 February 2005

11) Date company informed

8 February 2005

12) Total holding following this notification

zero

13) Total percentage holding of issued class following this notification

0%


14) Any additional information



15) Name of contact and telephone number for queries

Mrs R Hostler
Tel: [phone]

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

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

Date of notification:

9 February 2005


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