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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                  SCHEDULE 13G
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
                              (AMENDMENT NO. 2)1



                           SRI Surgical Express Inc.
                                (Name of Issuer)


                    Common Stock, par value $0.001 per share
                         (Title of Class of Securities)


                                  78464W 10 4
                                 (CUSIP Number)



                                31 December 2004
            (Date of Event which Requires Filing of this Statement)



-------------------------------------------------------------------------------
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:


[X]        Rule 13d-1(b)
[ ]        Rule 13d-1(c)
[ ]        Rule 13d-1(d)

--------------------------

1    The remainder of this cover page shall be filled out for a reporting
     person's initial filing on this form with respect to the subject
     class of securities, and for any subsequent amendment containing
     information which would alter the disclosures provided in a prior cover
     page.

     The information required in the remainder of this cover page shall not be
     deemed to be "filed" for the purpose of Section 18 of the Securities
     Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
     that section of the Act but shall be subject to all other provisions of
     the Act (however, see the Notes).




CUSIP No. 78464W 10 4                   13G                         Page 2 of 6


1    NAME OF REPORTING PERSON:

     F&C Management Limited

     I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):


2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

                                                               (a) [ ]

                                                               (b) [ ]

3    SEC USE ONLY

4    CITIZENSHIP OR PLACE OF ORGANIZATION

     United Kingdom
                    5    SOLE VOTING POWER

                         407,306


       NUMBER       6    SHARED VOTING POWER
      OF SHARES          0
    BENEFICIALLY
      OWNED BY
        EACH        7    SOLE DISPOSITIVE POWER
      REPORTING          407,306
     PERSON WITH
                    8    SHARED DISPOSITIVE POWER
                         0

9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     407,306

10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
     [ ] (See Instructions)

11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     6.5%

12   TYPE OF REPORTING PERSON (See Instructions)

     IA, CO






CUSIP No. 78464W 10 4                   13G                         Page 3 of 6


ITEM 1.


      (a)  Name of Issuer

           SRI Surgical Express Inc.

      (b)  Address of Issuer's Principal Executive Offices

           12425 Racetrack Road
           Tampa FL 33626

ITEM 2.

      (a)  Name of Person Filing

           F&C Management Limited

      (b)  Address of Principal Business Office or, if none, Residence

           Registered Office: 80 George Street, Edinburgh EH2 3BU, United
Kingdom

      (c)  Citizenship

           F&C Management Limited is a corporation organised under the laws 
of the United Kingdom

      (d)  Title of Class of Securities

           Common Stock, par value $0.001 per share ("Common Stock")

      (e)  CUSIP Number

           78464W 10 4

ITEM 3.    IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR
           (C), CHECK WHETHER THE PERSON FILING IS A:

           (a) [ ] Broker or Dealer registered under Section 15 of the Act
           (b) [ ] Bank as defined in Section 3(a)(6) of the Act
           (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act
           (d) [ ] Investment Company registered under Section 8 of the
                   Investment Company Act
           (e) [X] Investment Adviser registered under Section 203 of the
                   Investment Advisers Act of 1940
           (f) [ ] Employee Benefit Plan, Pension Fund which is subject to
                   the provisions of the Employee Retirement Income Security
                   Act of 1974 or Endowment Fund; see ss.240.13d-1(b)(1)(ii)(F)




CUSIP No. 78464W 10 4                   13G                         Page 4 of 6


           (g) [ ] Parent Holding Company, in accordance with
                   ss.240.13d-1(b)(ii)(G) (Note: See Item 7)
           (h) [ ] A savings association as defined in section 3(b) of the
                   Federal Deposit Insurance Act
           (i) [ ] A church plan that is excluded from the definition of an
                   investment company under section 3(c)(14) of the Investment
                   Company Act of 1940
           (j) [ ] Group, in accordance with ss.240.13d-1(b)-1(ii)(J)


ITEM 4.    OWNERSHIP

           (a) Amount Beneficially Owned

               407,306

           (b) Percent of Class

               6.5%

           (c) Number of shares as to which such person has:

               (i)    sole power to vote or to direct the vote: 407,306

               (ii)   shared power to vote or to direct the vote: 0

               (iii)  sole power to dispose or to direct the disposition of:
                      407,306

               (iv)   shared power to dispose or to direct the disposition of:
                      0

ITEM 5.    OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

     If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].

ITEM 6.    OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

     Dividends received from, and proceeds from the sale of, Common Stock, if
any, by F&C Management Limited are allocated by F&C Management Limited to
the applicable accounts of its clients and are distributed or retained in
accordance with F&C Management Limited's investment management agreements
with those clients.

ITEM 7.    IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
           THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

     Not Applicable




CUSIP No. 78464W 10 4                   13G                         Page 5 of 6


ITEM 8.    IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

           Not Applicable

ITEM 9.    NOTICE OF DISSOLUTION OF GROUP

           Not Applicable


ITEM 10.   CERTIFICATION

     By signing below, I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.





CUSIP No. 78464W 10 4                   13G                         Page 6 of 6


                                   SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief I
certify that the information set forth in this statement is true, complete and
correct.


     Date: 14 February 2005


                                  F&C Management Limited


                                  By: /s/ Marrack Tonkin
                                      --------------------------
                                      Name:  Marrack Tonkin 
                                      Title: Company Secretary