Month End Portfolio Info

F&C Smaller Companies PLC
17 March 2003



F&C SMALLER COMPANIES PLC

ALL DATA AS AT 28th February 2003

THIS DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.com FROM
APPROXIMATELY 18th March 2003
                                                                               %
GEOGRAPHICAL ASSET ALLOCATION

UK                                                                            41
USA                                                                           24
Continental Europe                                                            11
Cash & Fixed Interest                                                         10
Japan                                                                          8
Far East                                                                       5
Other                                                                          1
                                                                            ----
Total                                                                        100
                                                                            ====
TOP 10 HOLDINGS                                                                %
Cairn Energy                                                                 1.4
Brit Insurance Holdings                                                      1.2
CLS Holdings Plc                                                             1.2
Crest Nicholson                                                              1.1
Graphite Enterprise Tst                                                      1.1
Cousins Properties                                                           1.0
American Capital Strategies                                                  1.0
Kirby Corp                                                                   1.0
Forth Ports Authority                                                        0.9
SCP Pool Corp                                                                0.8
                                                                            ----
Total                                                                       10.7
                                                                            ====
EFFECTIVE GEARING                                                             6%



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