Month End Portfolio Info

F&C Smaller Companies PLC
17 September 2002

F&C SMALLER COMPANIES PLC

ALL DATA AS AT 31st August 2002

THIS DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.co.uk FROM
APPROXIMATELY 18th September 2002

GEOGRAPHICAL ASSET ALLOCATION                                        %

UK                                                                  41

USA                                                                 23

EUROPE                                                              12

CASH & FIXED INTEREST                                                9

JAPAN                                                                9

FAR EAST                                                             6
                                                                  ----
Total                                                              100
                                                                  ====

TOP 10 HOLDINGS                                                      %

CLS Holdings                                                      1.27

Cairn Energy                                                      1.22

Harte-Hanks                                                       1.07

BSS Group                                                         0.97

Cousins Properties                                                0.96

Crest Nicholson                                                   0.95

Brit Insurance Holdings                                           0.92

SCP Pool Corp                                                     0.89

Graphite Enterprise Tst                                           0.86

T&S Stores                                                        0.84
                                                                  ----
Total                                                             9.95
                                                                  ====

EFFECTIVE GEARING                                                   5%


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