Templeton Global Smaller Companies has delivered: the fund has achieved strong results from its disciplined approach to stock slection

Money Digest, June, 2002

The basic objective of Templeton Global Smaller Companies is to achieve long-term capital appreciation. The fund invests primarily in a portfolio of securities of smaller companies throughout the world. "Smaller" means companies having under U.S.$1 billion in market capitalization. The criteria for stock selection are: (1) earnings growth over time is above that of the economy, (2) the company is likely to become more widely recognized, or (3) bouncing back from financial or other difficulties.

Templeton is one of the most experienced management names in international investing. Its fund performance figures thus far proves that the management deserves its reputation.

If you are looking for a fund that invests in global companies based on value, you may want to consider Templeton Global Smaller Companies as a possible candidate.

Templeton Global Smaller

MER                                       2.80%
Load Fees                                   F/B
1-year return                             20.5%
3-year return                             12.9%
5-year return                              9.7%
10-year return                            12.7%
RRSP Eligible                   Foreign content
Minimum Investment                         $500
(returns as at April 30, 2002)