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


New York, January 29, 2008 -- Royce Micro-Cap Trust (RMT)

-- Only micro-cap closed-end fund
-- Average weekly trading volume of approximately 281,000 shares
-- Fund's adviser has more than 30 years of small- and micro-cap investment experience

Closing Prices - December 31, 2007 
NAV  $ 13.48
MKT  $ 11.94


Total Return Performance 

Periods ended December 31, 2007	NAV	MKT
1 Month*	1.46%	-0.54%
Year to Date	0.64	-20.54
One-Year	0.64	-20.54
Three-Year Average Annual	9.58	3.12
Five-Year Average Annual	19.42	19.07
10-Year Average Annual	11.97	11.38

*Not Annualized


Portfolio Diagnostics

Wtd. Average Market Cap:	$293 million
Wtd. Average P/E Ratio:	17.4x*
Wtd. Average P/B Ratio:	1.7x
Wtd. Average Portfolio Yield:	0.9%
Net Assets Attributable to Common Stock:	$391 million
Net Leverage:	11%

* Excludes 21% of portfolio holdings with zero or negative earnings as of 12/31/07.

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. Sapient Corporation	1.3%
2. Seneca Foods	1.3
3. Pegasystems	1.2
4. PAREXEL International	1.2
5. Tennant Company	1.2
6. ASA	1.1
7. MVC Capital	1.1
8. Exponent	1.1
9. Peerless Manufacturing	1.0
10. Weyco Group	1.0

Top Five Industries	% of Net Assets
1. Technology	24%
2. Industrial Products	17
3. Health	15
4. Industrial Services	15
5. Natural Resources	12

 
Recent Developments 
Royce Micro-Cap Trust, Inc. (NYSE-RMT) paid a quarterly distribution of $0.357 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 $11.74.

Royce Micro-Cap 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 on December 4, 2007).

Royce Micro-Cap Trust, Inc. is a closed-end diversified investment company whose shares of Common Stock (RMT) and 6.00% Cumulative Preferred Stock (RMTpra) are listed and traded on the New York Stock Exchange. The Fund's investment goal is long-term capital growth, which it seeks by investing primarily in equity securities of companies that, at the time of investment, have market capitalization of $500 million or less.

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 XOTCX.


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