Transaction in Own Shares

3i Smaller Quoted Co's Trust PLC
01 December 2003


3i Smaller Quoted Companies Trust plc

On 1 December 2003, 3i Smaller Quoted Companies Trust plc purchased 500,000 of
its own Ordinary Shares of 25p each, at a purchase price of 162.5p per share,
for cancellation in due course.


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