Portfolio Update

F&C Smaller Companies PLC
02 August 2005


F&C Smaller Companies PLC

Top ten holdings and all holdings over 5% of gross assets as at 31 July 2005:

Stock                                                      % of gross assets


Infratil                                                          1.1
CLS Holdings                                                      0.9
Victrex                                                           0.8
Hardman Resources                                                 0.8
Morgan Sindall                                                    0.8
Capital and Regional                                              0.8
Sondex                                                            0.8
Meggitt                                                           0.7
Venture Production                                                0.7
Graphite Enterprise Trust                                         0.7


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