o 020 *SA1
SUPPLEMENT DATED OCTOBER 12, 1998
TO THE STATEMENT OF ADDITIONAL INFORMATION OF
FRANKLIN FLOATING RATE TRUST
DATED APRIL 1, 1998
The Statement of Additional Information is amended as follows:
I. The section "Officers and Trustees" is revised to add the following:
As of September 11, 1998, the officers and Board members, as a group, owned
of record and beneficially approximately 262,185 shares, or 1.04% of the
fund's total outstanding shares.
II. The fourth paragraph in the section "Miscellaneous Information" is
revised as follows:
As of September 11, 1998, the principal shareholders of the fund,
beneficial or of record were as follows:
Name and Address Share Amount Percentage
- ----------------------------------------------------------------------------
Franklin Resources, Inc...................... 3,793,532.338 15.109%
Templeton Investment Counsel, Inc............ 2,500,000.000 9.957%
III. The following is added to the section titled "Financial Statements"
The audited financial statements contained in the Annual Report to
Shareholders of the fund, for the fiscal year ended July, 31, 1998,
including the auditor's report, are incorporated herein by reference.
Please keep this supplement for future reference.
