Exhibit 12(b)


                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 08/31/06 (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 26, 2006

                            S\JIMMY D. GAMBILL

                            Jimmy D. Gambill
                            Chief Executive Officer - Finance and Administration


PAGE



                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 08/31/06 (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 26, 2006

                                          S\GALEN G. VETTER

                                          Galen G. Vetter
                                          Chief Financial Officer