RNS Number:8667N
Smaller Companies Inv Trust PLC
23 July 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

The Smaller Companies Investment Trust PLC

2. Name of shareholder having a major interest

Carrousel Capital Ltd

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18




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




5. Number of shares / amount of stock acquired

225,000

6. Percentage of issued class

1.08%

7. Number of shares / amount of stock disposed

N/A

8. Percentage of issued class

N/A

9. Class of security

Ordinary 0.05p shares

10. Date of transaction

21 July 2003

11. Date company informed

21 July 2003

12. Total holding following this notification

4,029,338

13. Total percentage holding of issued class following this notification

19.31%

14. Any additional information


15. Name of contact and telephone number for queries

Ruth Humphrey, 020 7463 6305

16. Name and signature of authorised company official responsible for making
this notification

Aberdeen Asset Management PLC - Secretary

Date of notification

23 July 2003




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            The company news service from the London Stock Exchange
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