TEMPLETON GLOBAL SMALLER COMPANIES FUND
300 S.E. 2ND STREET
FORT LAUDERDALE, FL 33301-1923
January 18, 2018
VIA EDGAR TRANSMISSION
Filing Desk
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
RE: Templeton Global Smaller Companies Fund (Registrant)
Registration Statement on Form N-14
Dear Sir or Madam:
In connection with the registration by Templeton Global Smaller Companies Fund (the “Registrant”), an investment company registered under the Investment Company Act of 1940, as amended, of an indefinite number of its securities under the Securities Act of 1933, as amended (“1933 Act”), we are transmitting herewith the Registrant’s registration statement on Form N-14 (“Registration Statement”). This Registration Statement is being filed to register Class A, Class C, R6 and Advisor Class shares of the Registrant, that will be issued to shareholders of the Templeton Foreign Smaller Companies Fund (Foreign Smaller Companies Fund) , a series of Templeton Global Investment Trust, in connection with a transfer of substantially all of the assets of the Foreign Smaller Companies Fund to the Registrant, pursuant to a Plan of Reorganization included in the Registration Statement that will be voted on by shareholders of the Foreign Smaller Companies Fund at a meeting of shareholders.
Pursuant to Rule 488 under the 1933 Act, the Registrant hereby proposes that the Registration Statement become effective on February 17, 2018. The Registrant has previously registered an indefinite number of its shares under the 1933 Act pursuant to an election under Rule 24f-2. No filing fee is, therefore, due at this time.
If you have any questions or comments regarding this filing, please telephone Christy DePree at (954) 527-7387, or in my absence, please contact Cory Hippler, Esq. Stradley Ronan at (215) 564-8089.
Very truly yours,
TEMPLETON GLOBAL SMALLER COMPANIES FUND
/s/LORI A. WEBER
Lori A. Weber
Vice President and Secretary