Purchase of Own Securities

Foreign & Colonial U.S.Smllr.Co PLC
7 November 2002


                   FOREIGN & COLONIAL U.S. SMALLER COMPANIES PLC


Please note that Foreign & Colonial U.S. Smaller Companies PLC purchased today 
for cancellation 322,000 ordinary shares in the market at a price of 164p per 
share.

Following this purchase, the total number of ordinary shares in issue stands at
31,272,340.

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