Month end portfolio info

ISIS Smaller Companies Trust PLC
17 October 2005

ISIS Smaller Companies plc

ALL DATA AS AT 30th September 2005

THIS DATA WILL BE AVAILABLE ON THE F&C ASSET MANAGEMENT WEB-SITE, http://
www.fandc.com/ AND THE ZEROCHARGE(TM) WEBSITE, www.zerocharge.co.uk FROM
APPROXIMATELY 18th October 2005



Position  Top Ten Equity Holdings        %
               

1         Restaurant Group             4.7
2         MTL Instruments              4.5
3         Xaar                         3.8
4         Mouchel Parkman              3.7
5         Hitachi Capital              3.2
6         Paladin Resources            3.1
7         Victrex                      3.1
8         Morgan Crucible              2.7
9         Thorntons                    2.5
10        Consolidated Mineral         2.5

Total                                 33.8




Sector                                    %

Cyclical Services                       29.4
General Industrials                     22.7
Information Technology                  10.7
Financials                              10.0
Resources                                6.4
Non Cyclical Services                    5.2
Cash & Subsidiary                        5.1
Cyclical Consumer Goods                  3.7
Basic Industries                         2.9
Non Cyclical Consumer Goods              2.5
Utilities                                1.2

Total                                  100.0


Actual Gearing                         110.5%
Potential Gearing                      115.3%



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