Holding(s) in Company

ISIS Smaller Companies Trust PLC
05 October 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company


ISIS Smaller Companies Trust plc



2. Name of shareholder having a major interest


Prudential plc



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 2



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


PRUCLT HSBC GIS NOM (UK) PAC AC



5. Number of shares / amount of stock acquired


N/A



6. Percentage of issued class


N/A



7. Number of shares / amount of stock disposed


N/A



8. Percentage of issued class


N/A



9. Class of security


Ordinary



10. Date of transaction


N/A



 11. Date company informed


05/10/04



12. Total holding following this notification


2,543,866



13. Total percentage holding of issued class following this notification


11.80



14. Any additional information


N/A



15. Name of contact and telephone number for queries


Andrew Nicholson 0131 465 1071



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


Gordon Hay Smith, Company Secretary



17. Date of notification


05/10/2004



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