Royce Focus Trust Announces Performance Data &
Portfolio Composition as of December 31, 2007
Royce & Associates, Inc.


New York, January 29, 2008 -- Royce Focus Trust (FUND)

-- Invests in a limited number of small-cap companies using a value approach
-- Average weekly trading volume of approximately 194,000 shares
-- Fund's adviser has more than 30 years of small- and micro-cap investment experience

Closing Prices - December 31, 2007 
NAV  $ 8.92
MKT  $ 8.97


Total Return Performance 

Periods ended December 31, 2007	NAV	MKT
1 Month*	1.36%	-7.17%
Year to Date	12.22	3.02
One-Year	12.22	3.02
Three-Year Average Annual	13.90	11.47
Five-Year Average Annual	24.15	27.31
10-Year Average Annual	13.28	15.37

*Not Annualized


Portfolio Diagnostics

Wtd. Average Market Cap:	$1,290 million
Wtd. Average P/E Ratio:	12.4x*
Wtd. Average P/B Ratio:	2.4x
Wtd. Average Portfolio Yield:	4.0%
Net Assets Attributable to Common Stock:	$191 million
Net Leverage:	0%

* The Fund's P/E ratio calculation excludes companies with zero or negative earnings.

Net leverage is the percentage, in excess of 100%, of the total value of equity type investments, divided by net assets, applicable to common stock.


Portfolio Composition

Top 10 Positions	% of Net Assets
1. Australia 7.50% Bond due 9/15/09	5.4%
2. New Zealand Gov't 6% Bond due 7/15/08	4.6
3. South Africa Gov't 10%Bond due 2/28/09	3.5
4. Unit Corporation	3.4
5. Metal Management	3.3
6. Trican Well Service	3.3
7. Reliance Steel & Aluminum	3.3
8. Thor Industries	3.2
9. Schnitzer Steel Industries	3.1
10. Lincoln Electric Holdings	3.0

Top Five Industries	% of Net Assets
1. Natural Resources	27%
2. Industrial Products	22
3. Consumer Products	13
4. Industrial Services	10
5. Technology	6

 
Recent Developments 
Royce Focus Trust, Inc. (Nasdaq - FUND) paid a quarterly distribution of $1.587 per share on its Common Stock, on December 24, 2007 to stockholders of record at the close of business on December 6, 2007 (ex-dividend on December 4, 2007). The price of shares issued for reinvestment was $8.90.

Royce Focus Trust, Inc. paid a cash dividend of $0.375 per share on its Cumulative Preferred Stock, based on an annual rate of 6.00% of the initial liquidation preference of $25.00 per share, on December 24, 2007 to stockholders of record at the close of business on December 6, 2007 (ex-dividend December 4, 2007).

Royce Focus Trust, Inc. is a closed-end diversified management investment company whose shares of Common Stock are listed and traded on the Nasdaq National Market (Nasdaq - FUND) and whose shares of 6.00% Cumulative Preferred Stock are listed and traded on the NYSE (RFO.pra). The Fund's investment goal is long-term capital growth, which it seeks by normally investing as least 75% of its assets in equity securities.

Daily net asset values (NAVs) for Royce Value Trust are now available on the Fund's website and online through most ticker symbol lookup services and on broker terminals under the symbol XFUNX.



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