[funkydunk]

Almost right...

{section name=cat_num loop=$subcategories} 
{ if %cat_num.first% } 
<table width="100%" border=0 cellspacing=5>
<tr>
{/if}

{if $smarty.section.cat_num.index is odd} 
</tr>
<tr>
{/if}

<td align=left nowrap width=20%> 
<font class="TableCenterSubCategoryListTitleBlue">{ $subcategories[cat_num].category|escape }</font></td><td align=left width="80%"> 
<font class="TableCenterSubCategoryListQuantityBlue">({ $subcategories[cat_num].product_count })</font></td> 

{ if %cat_num.last% } 
</tr>
</table> 
{/if}
{/section}