Holding(s) in Company

F&C Smaller Companies PLC
02 November 2004


The Stock Exchange
RNS
Old Broad Street
London
EC2N 1HP

                                        02 November 2004

Dear Sir

As at 31 October 2004, F&C Smaller Companies PLC had the following holding in
other UK listed investment companies that do not have a stated policy to invest
no more than 15% of their gross assets in other UK listed investment companies:


Investment Company                                 Holding (% of gross assets)

Utilico Investment Trust plc                       0.81%



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