Royce Focus Trust Announces Performance Data &
Portfolio Composition as of February 29, 2008
Royce & Associates, Inc.


New York, March 31, 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 - February 29, 2008
NAV  $ 8.33
MKT  $ 8.31


Total Return Performance 

Periods ended February 29, 2008	NAV	MKT
1 Month*	4.56%	3.61%
Year to Date*	-2.35	-4.01
One-Year	4.23	7.20
Three-Year Average Annual	12.58	10.10
Five-Year Average Annual	25.33	27.01
10-Year Average Annual	12.38	14.48

*Not Annualized


Portfolio Diagnostics

Wtd. Average Market Cap:	$1,286 million
Wtd. Average P/E Ratio:	12.6x*
Wtd. Average P/B Ratio:	2.2x
Wtd. Average Portfolio Yield:	3.8%
Net Assets Attributable to Common Stock:	$187 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	5.8%
2. Unit Corporation	4.1
3. Silver Standard Resources Inc.	3.4
4. Reliance Steel & Aluminum Co.	3.4
5. Rep. Of South Africa Gov't Bond	3.1
6. Trican Well Service Ltd.	3.0
7. Metal Mgmt. Inc.	3.0
8. Knight Capital Group, Inc.	3.0
9. Lincoln Electric Holdings	2.9
10. Ensign Energy Services Inc.	2.9

Top Five Industries	% of Net Assets
1. Natural Resources	29%
2. Industrial Products	21
3. Consumer Products	12
4. Industrial Services	8
5. Technology	7

 
Recent Developments 
Royce Focus Trust, Inc. (Nasdaq - FUND) declared a quarterly distribution of $0.13 per share on its Common Stock. The distribution was paid on March 24, 2008 to stockholders of record at the close of business on March 6, 2008 (ex-dividend on March 4, 2008). The price of shares issued for reinvestment on March 13, 2008 was $8.00.

Royce Focus Trust, Inc. has declared 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. The dividend was paid on March 24, 2008 to stockholders of record at the close of business on March 6, 2008 (ex-dividend March 4, 2008).

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.



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