Holding in Company

Henderson Smaller Cos Inv Tst PLC
10 October 2001


                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

THE HENDERSON SMALLER COMPANIES INVESTMENT TRUST PLC

2) Name of shareholder having a major interest

BRITISH STEEL PENSION FUND


3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18

AS IN 2 ABOVE

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

BRITISH STEEL PENSION FUND


5) Number of shares/amount of stock acquired

7,261,000

6) Percentage of issued class

4.70%

7) Number of shares/amount of stock disposed

-

8) Percentage of issued class

-

9) Class of security

ORDINARY 25P SHARES

10) Date of transaction

UNKNOWN

11) Date company informed

10 OCTOBER 2001

12) Total holding following this notification

7,261,000

13) Total percentage holding of issued class following this notification

4.70%

14) Any additional information

NOTIFICATION RECEIVED FROM B.S. PENSION FUND TRUSTEE LIMITED


15) Name of contact and telephone number for queries

MR G S RICE - 020 7818 4469

16) Name and signature of authorised company official responsible for
making this notification

MR GEOFFREY RICE, FOR AND ON BEHALF OF HENDERSON SECRETARIAL SERVICES LIMITED

SECRETARY


Date of notification

10 OCTOBER 2001