Month End Portfolio Info

F&C Smaller Companies PLC
15 September 2003


F&C SMALLER COMPANIES PLC ALL DATA AS AT 29th August 2003 THIS DATA WILL BE
AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.com FROM APPROXIMATELY 18th
September 2003
GEOGRAPHICAL ASSET ALLOCATION                                    %
UK                                                               42
USA                                                              25
Europe                                                           10
Japan                                                            9
Far East                                                         7
Cash & Fixed Interest                                            7
                                                                 ----
Total                                                            100
                                                                 ====
TOP 10 HOLDINGS                                                  %
Kirby Corp                                                       1.06
SCP Pool                                                         0.93
Cousins Properties                                               0.90
Graphite Enterprise Tst                                          0.87
Lambert Howarth Group                                            0.85
Cairn Energy                                                     0.82
Utilico Investment Trust                                         0.81
Freds Inc                                                        0.79
Victrex                                                          0.78
Blacks Leisure                                                   0.77
                                                                 -----
Total                                                            8.58
                                                                 =====
EFFECTIVE GEARING                                                5%



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