GARTMORE SMALLER COMPANIES                                                               
NAV PER SHARE (BID)                                                As at 12-Jan-09       
EXCLUDING undistributed current year revenue                                             
Portfolio valued using BID prices.                                                       
Ordinary shares                                                    364.4p                
.                                                                                        
GARTMORE SMALLER COMPANIES                                                               
NAV PER SHARE (BID)                                                As at 12-Jan-09       
INCLUDING current year revenue                                                           
Portfolio valued using BID prices.                                                       
Ordinary shares                                                    366.0p                



END


Gartmore Smaller Cos (LSE:GSM)
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Gartmore Smaller Cos (LSE:GSM)
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