Month End Portfolio Info

ISIS Smaller Companies Trust PLC
17 November 2005

ISIS Smaller Companies Trust plc

ALL DATA AS AT 31st October 2005

THIS DATA WILL BE AVAILABLE ON THE F&C ASSET MANAGEMENT WEBSITE, http://
www.fandc.com/ AND THE ZEROCHARGETM WEBSITE, http://www.zerocharge.co.uk/ FROM
APPROXIMATELY 18th November 2005.


Top ten equity holdings                                          %


1          Restaurant Group                                    5.0

2          MTL Instruments                                     4.3

3          Mouchel Parkman                                     4.1

4          Hitachi Capital                                     3.9

5          Paladin Resources                                   3.7

6          Xaar                                                3.5

7          Victrex                                             3.1

8          Morgan Crucible                                     2.6

9          Thorntons                                           2.3

10        Domino Printing Scie                                 2.2


            Total                                             34.6


Sector breakdown                                                 %


1          Cyclical Services                                  30.3

2          General Industrials                                22.0

3          Financials                                         11.3

4          Information Technology                             10.7

5          Resources                                           6.5

6          Non Cyclical Services                               5.5

7          Cash & Subsidiary                                   4.5

8          Cyclical Consumer Goods                             3.9

9          Basic Industries                                    3.1

10        Non Cyclical Consumer Goods                          2.3


            Total                                            100.0


Actual gearing:    112.4

Potential gearing: 116.5


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