RNS Number:6042U
F&C Smaller Companies PLC
23 January 2004


The Stock Exchange
RNS
Old Broad Street
London
EC2N 1HP
                                                                                              23-Jan-04
Dear Sir
Below is shown the net asset value per share for F&C Smaller
Companies PLC                   22-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                                                                 263.72
F&C Smaller Companies PLC
Net assets per share - cum income                                                                265.47


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

NAVSELFMDSLSELF