TEMPLETON SMALLER COMPANIES GROWTH FUND INC
497, 1996-05-21
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                                SUPPLEMENT TO THE
                       STATEMENT OF ADDITIONAL INFORMATION

                       Statement of Additional Information
                              dated January 1, 1996

                  Templeton Smaller Companies Growth Fund, Inc.

Effective  today,  the Fund's name will be changed to "Templeton Global Smaller
Companies Fund, Inc."

May 15, 1996                                      TL103 STKST 5/96





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