Portfolio Update

F&C Smaller Companies PLC
02 June 2005

As at 31 May 2005, F&C Smaller Companies PLC had the following holding in other
UK listed investment companies that do not have a stated policy to invest no
more than 15% of their gross assets in other UK listed investment companies:




Investment Company                                    Holding (% of gross assets)

Utilico Investment Trust plc                          0.51%








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