Holding(s) in Company

F&C Smaller Companies PLC
11 January 2005

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

F&C Smaller Companies PLC

2) Name of shareholder having a major interest

Deutsche Bank AG

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

In respect of the shareholder named in 2 above

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

Not specified

5) Number of shares/amount of stock acquired

Not specified

6) Percentage of issued class

n/a

7) Number of shares/amount of stock disposed

1,250,000

8) Percentage of issued class

1.47%

9) Class of security

Ordinary shares of 25p each

10) Date of transaction

Not specified

11) Date company informed

11 January 2005

12) Total holding following this notification

7,032,872

13) Total percentage holding of issued class following this notification

8.28%

14) Any additional information

n/a

15) Name of contact and telephone number for queries

D. Fallon
Tel: [phone]

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

D. Fish
For and on behalf of F&C Management Limited

Date of notification

11 January 2005



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