TEMPLETON GLOBAL SMALLER COMPANIES FUND, INC.
SUPPLEMENT TO THE ADVISOR CLASS PROSPECTUS
Prospectus Dated January 1, 1997
I. The first paragraph under "HOW DO I BUY SHARES? - OPENING YOUR
ACCOUNT" is revised to read as follows:
You may buy shares with a minimum initial investment of $5 million. To
determine if you meet this requirement, the amount of your current
purchase is added to the cost or current value, whichever is higher, of
your existing shares in the Franklin Templeton Funds. At least $1
million of this amount, however, must be invested in Advisor Class or
Class Z shares of any of the Franklin Templeton Funds. The Fund's
minimum initial investment requirement will not apply to purchases by:
II. Item (g) under "HOW DO I BUY SHARES? - OPENING YOUR ACCOUNT" is
replaced with the following:
(g) Defined benefit plans or governments, municipalities, and
tax-exempt entities that meet the requirements for qualification under
Section 501 of the Code, subject to a $1 million initial investment in
Advisor Class shares;
III. The first paragraph following the requirements for a "qualified group"
under "HOW DO I BUY SHARES? - OPENING YOUR ACCOUNT" is deleted.
January 31, 1997 TL103 STKPZ 01/97
