Purchase of Own Securities

Foreign & Colonial U.S.Smllr.Co PLC
28 September 2000



              FOREIGN & COLONIAL U.S. SMALLER COMPANIES PLC

Please note that Foreign & Colonial U.S. Smaller Companies PLC purchased today
for cancellation 300,000 ordinary shares in the market at a price of 208p per
share.

Following this purchase, the total number of ordinary shares in issue stands at
32,962,998.