Portfolio Update

F&C Global Smaller Companies PLC
04 September 2007

As at 31 August 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 Limited                  0.73%








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