CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
                       AS ADOPTED PURSUANT TO SECTION 906
                       OF THE SARBANES-OXLEY ACT OF 2002

I, Jimmy D. Gambill, Chief Executive Officer of the TEMPLETON GLOBAL SMALLER
COMPANIES FUND (the "Registrant"), certify, pursuant to 18 U.S.C. Section 1350
as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to
my knowledge:

    1.        The periodic report on Form N-CSR of the Registrant for the period
              ended 8/31/05 (the "Form N-CSR") fully complies with the
              requirements of Section 13(a) or 15(d) of the Securities Exchange
              Act of 1934; and

    2.        The information contained in the Form N-CSR fairly presents, in
              all material respects, the financial condition and results of
              operations of the Registrant.

Dated: October 21, 2005

                        /s/JIMMY D. GAMBILL
                       ----------------------------------------
                       Jimmy D. Gambill
                       Chief Executive Officer - Finance and Administration



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                CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
                       AS ADOPTED PURSUANT TO SECTION 906
                       OF THE SARBANES-OXLEY ACT OF 2002

I, Galen G. Vetter, Chief Financial Officer of the TEMPLETON GLOBAL SMALLER
COMPANIES FUND (the "Registrant"), certify, pursuant to 18 U.S.C. Section 1350
as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to
my knowledge:

    1.        The periodic report on Form N-CSR of the Registrant for the period
              ended 8/31/05 (the "Form N-CSR") fully complies with the
              requirements of Section 13(a) or 15(d) of the Securities Exchange
              Act of 1934; and

    2.        The information contained in the Form N-CSR fairly presents, in
              all material respects, the financial condition and results of
              operations of the Registrant.

Dated: October 21, 2005

                                    /s/GALEN G. VETTER
                                    --------------------------
                                    Galen G. Vetter
                                    Chief Financial Officer