Holding in Company

Foreign & Colonial Smaller Co's PLC
7 June 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     FOREIGN & COLONIAL SMALLER COMPANIES PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     ABERDEEN ASSET MANGEMENT

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

     NON-BENEFICIAL

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

     RBSTB NOMS A/C LAHC             9,640,550
     STATE STREET NOMS A/C XCE5          8,170
                                     ---------
                                     9,648,720
                                     =========

5)   Number of shares/amount of stock acquired.

     9,640,550

6)   ( 10.2% ) of issued Class

7)   Number of shares/amount of stock disposed

     -

8)   ( N/A %) of issued Class

     -

9)   Class of security

     ORDINARY SHARES OF 25P EACH

10)  Date of transaction

     1ST JUNE 2001

11)  Date company informed

     6TH JUNE 2001

12)  Total holding following this notification

     9,648,720
              
13)  Total percentage holding of issued class following this notification

     10.2%

14)  Any additional information

     THE NOTIFICATION HAS BEEN MADE IN ABERDEEN ASSET MANAGERS CAPACITY AS FUND 
     MANAGERS.  NO CHANGE IN BENEFICIAL OWNERSHIP OR SALE OF SHARES HAS TAKEN   
     PLACE.

15)  Name of contact and telephone number for queries

     D. HARDING
     020 7628 8000

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

     Date of Notification  7TH JUNE 2001