Purchase of Own Securities

Foreign & Colonial U.S.Smaller.Companies PLC
23 November 1999



Foreign & Colonial U.S. Smaller Companies PLC has today purchased for
cancellation, though Cazenove & Co, 163,000 ordinary shares in the market at a
price of 183.25p per share.

Following this purchase, the total number of ordinary shares in issue stands at
35,726,491.