O 103 P-1
SUPPLEMENT DATED MARCH 1, 2000
TO THE PROSPECTUS OF
TEMPLETON GLOBAL SMALLER COMPANIES FUND, INC.
CLASS A, B & C
DATED JANUARY 1, 2000
The prospectus is amended as follows:
I. On February 25, 2000, the board of directors of Templeton Global Smaller
Companies Fund, Inc. approved an increase in the capitalization level for a
smaller company to $2 billion effective as of June 1, 2000.
The "Smaller Companies" section on page 2 is replaced with the following:
Smaller companies generally are those with market capitalizations that would
place them in the lowest 20% size class of companies whose equity securities
are listed on a U.S. securities exchange or traded on the National Association
of Securities Dealers Automated Quotations (NASDAQ) system. The fund will
invest 75% of its assets in these companies. In connection with this 75%
strategy, the fund's board of directors has adopted an operating policy, which
may be changed without shareholder approval, that the fund will not buy
securities of companies with market capitalizations of more than $2 billion.
Because the fund may apply the U.S. size standard on a global basis, in some
emerging markets the fund may invest in companies that qualify as small cap
but still are among the largest in that market.
Please keep this supplement for future reference.
