Directorate Change

ISIS Smaller Companies Trust PLC
20 September 2005







To:        RNS

From:      ISIS Smaller Companies Trust plc

Date:      20 September 2005



Directorate Change



The Board of Directors of ISIS Smaller Companies Trust plc announces that Mr J T
Laurenson will retire as a Director on 30 September 2005.  He has served on the
Board since 1983.






Gordon R Hay Smith
Company Secretary

Enquiries:        0131 465 1000




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