Month End Portfolio Info

F&C Smaller Companies PLC
14 September 2004

F&C Smaller Companies PLC

ALL DATA AS AT 31st August 2004

THIS DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.com FROM
APPROXIMATELY 18th September 2004


Geographic Allocation                                          %

UK                                                            45
USA                                                           24
Continental Europe                                             9
Other Pacific                                                  7
Japan                                                         11
Other                                                          -
Cash & Fixed Interest                                          4

Total                                                        100




Top Ten Holdings                                              %

Cairn Energy                                                 1.94
Infratil Ltd                                                 1.02
Graphite Enterprise Tst                                      0.97
Sondex                                                       0.94
CLS                                                          0.93
Lamberth Howarth Group                                       0.79
Cousins Properties Inc                                       0.79
Capital & Regional Plc                                       0.78
Hardman Resources                                            0.78
Topps Tiles                                                  0.74


Effective Gearing                                             7%



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