Portfolio Update

F&C U.S. Smaller Companies PLC
04 October 2005


F&C US Smaller Companies PLC

Top ten holdings and all holdings over 5% of gross assets as at 30 September 
2005:

Stock                                                        % of gross assets

Cousins Properties                                                      2.6
Pride International                                                     2.6
Conn's                                                                  2.4
EGL                                                                     2.2
Kirby Corp                                                              2.2
Republic Services                                                       2.1
HCC Insurance Holdings                                                  2.1
CapitalSource                                                           2.1
Community Health Systems                                                2.1
Checkers Drive-in Restaurant                                            2.1




                      This information is provided by RNS
            The company news service from the London Stock Exchange