Purchase of Own Securities

FOREIGN & COLONIAL SMALLER COMPANIES PLC
21 September 1999


FOREIGN & COLONIAL SMALLER COMPANIES PLC

Please note that Foreign & Colonial Smaller Companies Plc has today made the
following purchases in the market for cancellation:

          50,000    at 228 1/2p per share

         250,000    at 227p per share

Following this purchase, the total number of ordinary shares in issue stands at
99,931,319.