Portfolio Update

F&C Smaller Companies PLC
04 May 2005


F&C Smaller Companies PLC

Top ten holdings and all holdings over 5% of gross assets as at 30 April 2005:

Stock                                                       % of gross assets

Infratil                                                                  1.0
CLS Holdings                                                              0.9
Capital and Regional                                                      0.9
Morgan Sindall                                                            0.8
Victrex                                                                   0.8
Utilico Investment Trust                                                  0.8
Sondex                                                                    0.8
Graphite Enterprise Trust                                                 0.7
Meggitt                                                                   0.7
Workspace                                                                 0.7




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