Portfolio Update

F&C Global Smaller Companies PLC
02 February 2007




As at 31 January 2007, F&C Global Smaller Companies PLC had the following
holding in a UK listed investment company that did not have a stated policy to
invest no more than 15% of its gross assets in other UK listed investment
companies:


Investment Company               Holding (% of gross assets at bid market price)

Utilico Investment Trust plc     0.97%




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