Royce Micro-Cap Trust (NYSE: RMT) as of January 31, 2006

NEW YORK, Feb. 9  /PRNewswire-FirstCall/ -- 

  -- Only micro-cap closed-end fund
  -- Average weekly trading volume of approximately 173,000 shares
  -- Fund's adviser has more than 30 years of small- and micro-cap
     investment experience

   Closing Prices - January 31, 2006
   NAV    $ 14.89
   MKT    $ 14.91

  Total Return Performance
  Periods ended January 31, 2006            NAV         MKT
  1 Month*                                 10.87%       2.40%
  Year to Date*                            10.87        2.40
  One-Year                                 20.80       19.26
  Three-Year Average Annual                30.46       34.84
  5-Year Average Annual                    16.09       19.19
  10-Average Annual                        15.40       16.85

  * Not annualized


  Portfolio Diagnostics
  Median Market Cap:                        $320 million
  Wtd. Average P/E Ratio:                    20.4x*
  Wtd. Average P/B Ratio:                    2.1x
  Wtd. Average Yield:                        0.7%
  Net Assets Attributable to Common Stock:  $294 million
  Net Leverage:                              8%

  * Excludes 18% of portfolio holdings with zero or negative earnings as of
    01/30/06.



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.  ASA Bermuda                                 1.7%
   2.  Transaction Systems Architects Cl. A        1.4
   3.  Pason Systems                               1.2
   4.  Dril-Quip                                   1.2
   5.  Universal Truckload Services                1.1
   6   Seneca Foods Cl. B                          1.1
   7.  Covansys Corporation                        1.1
   8.  Abigail Adams National Bancorp              1.0
   9.  Sapient Corporation                         1.0
  10.  TriZetto Group, (The)                       1.0


   Portfolio Sectors                         % of Net Assets
   1.  Technology                                   26%
   2.  Industrial Products                          17
   3.  Health                                       15
   4.  Industrial Services                          14
   5.  Natural Resources                            10


  Recent Developments


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 Micro-Cap Trust, Inc. are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XOTCX. For more information, please call The Royce Funds at [phone] or visit our website at http://www.roycefunds.com/ 

DATASOURCE: Royce Micro-Cap Trust



CONTACT:  John D. Diederich for Royce Micro-Cap Trust, [phone] 



Web site:  http://www.roycefunds.com/ 

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