RNS Number:7445U
F&C Smaller Companies PLC
28 January 2004


The Stock Exchange
RNS
Old Broad Street
London
EC2N 1HP
                                                                                       28-Jan-04
Dear Sir
Below is shown the net asset value per share for F&C Smaller
Companies PLC                27-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                                                          266.63
F&C Smaller Companies PLC
Net assets per share - cum income                                                         268.37


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

NAVSEDFIASLSELF