Directors' Dealings

FOREIGN & COLONIAL US SMALLER COMPANIES PLC


                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

FOREIGN & COLONIAL US SMALLER COMPANIES PLC

2)   NAME OF DIRECTOR

DAVID HUNTER

3)   Please state whether notification indicates that it is in
     respect of holding of the Director named in 2 above
     or holding of that person's spouse or children under
     the age of 18 or in respect of a non-beneficial interest

AS IN 2

4)   Name of the registered holder(s) and, if more than
     one holder, the number of shares held by each of 
     them. (If notified)



5)   Please state whether notification relates to a
     person(s) connected with the Director named in 2
     above and identify the connected person(s)

N/A

6)   Please state the nature of the transaction. For
     PEP transactions please indicate whether
     general/single co PEP and if discretionary/non
     discretionary

BENEFICIAL

7)   Number of shares
     acquired

5,000

8)   (0.01 %)
    of issued Class

9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

ORDINARY 25P SHARES

12)  Price per share

168 1/2P

13)  Date of transaction

24.9.99

14)  Date company informed

24.9.99

15)  Total holding following this notification

10,000

16)  Total percentage holding of issued class following 
     this notification      

0.02%

      IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE COMPLETE 
                              THE FOLLOWING BOXES

17)  Date of grant

N/A

18)  Period during which or date on which exercisable

N/A

19)  Total amount paid (if any) for grant of the option

N/A

20)  Description of shares or debentures involved:
     class, number.

N/A

21)  Exercise price (if fixed at time of grant) or indication
     that price is to be fixed at time of exercise

N/A

22)  Total number of shares or debentures over which
     options held following this notification

N/A

23)  Any additional information

N/A

24)  Name of contact and telephone number for queries





25)  Name and signature of authorised company official
     responsible for making this notification

     Date of Notification...27 SEPTEMBER 1999............