Portfolio Update

F&C Global Smaller Companies PLC
04 February 2008

As at 31 January 2008, 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 Limited                 0.78%








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