Holding(s) in Company

F&C U.S. Smaller Companies PLC
19 January 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

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 - 3,055,752 shares

BNY (OCS) Nominees Limited - 2,296,969 shares

Puddle Dock Nominees Limited - 1,352,921


5) Number of shares/amount of stock acquired

not specified


6) Percentage of issued class

n/a

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

not specified

11) Date company informed

19 August 2004

12) Total holding following this notification

6,705,642

13) Total percentage holding of issued class following this notification

26.22%

14) Any additional information

3,649,890 shares (14.26%) are held by participants in the F&C wrapper products,
under which the individuals participants hold full voting discretion.  The
remaining 3,055,752 shares (11.96%) includes the holding by Foreign & Colonial
Investment Trust PLC (11.68%).

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:

19 January 2005



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