RNS Number:4944U
F&C Smaller Companies PLC
21 January 2004


The Stock Exchange
RNS
Old Broad Street
London
EC2N 1HP
                                                                                              21-Jan-04
Dear Sir
Below is shown the net asset value per share for F&C Smaller
Companies PLC                   20-Jan-04
NAV per share in # sterling with prior charges at nominal value
                                                                                                  pence
F&C Smaller Companies PLC
Net assets per share - ex income                                                                 264.40
F&C Smaller Companies PLC
Net assets per share - cum income                                                                267.55


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