Purchase of Own Securities

Foreign & Colonial U.S.Smllr.Co PLC
16 October 2000

Document dated 16/10/2000

Please note that Foreign & Colonial U.S. Smaller Companies PLC purchased today
for cancellation 70,000 ordinary shares in the market at a price of 195.5p per
share.

Following this purchase, the total number of ordinary shares in issue stands at
32,466,998.