Top 10 Holdings

ISIS Smaller Companies Trust PLC
5 July 2005


To:       RNS
From:     ISIS Smaller Companies Trust plc
Date:     05-Jul-05


Listing Rule 21


In accordance with paragraph 21.20 l (ii) of the Listing Rules ISIS Smaller
Companies Trust plc announces its top ten holdings, including all holdings with
a value greater than 5% of its gross assets, as at 30-Jun-05:

ISIS Smaller Companies Trust
Top 10 Holdings
Company                                            % Total Assets
Restaurant Group                                   4.9
MTL Instruments                                    4.5
Xaar                                               4.2
Paladin Resources                                  4.2
Hitachi Capital                                    4.1
Mouchel Parkman                                    3.5
I&S Discovery IT                                   2.8
Victrex                                            2.6
Thorntons                                          2.5
Consolidated Mineral                               2.4


For further information please contact:

Gordon Hay Smith
F&C Asset Management plc
0131 465 1000



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