MLSTXG<P149>
PROSPECTUS SUPPLEMENT
FRANKLIN GROUP OF FUNDS(R)
TEMPLETON GROUP OF FUNDS
DATED JANUARY 15, 1996
The following paragraph supplements the sales charge table information for Class
I in the section entitled either "How to Buy Shares of the Fund(s)" or "How Do I
Buy Shares?" of the prospectuses for the Franklin Templeton Funds which follow:
During the period January 15, 1996 through April 15, 1996, Franklin/Templeton
Distributors, Inc. ("Distributors"), the principal underwriter of the Franklin
Templeton Group of Funds, will reallow the entire front-end sales charge to the
securities firm of M.L. Stern & Company, Inc.("ML Stern") on purchases by
clients of that firm of Class I shares of the Funds for IRA accounts for which
Franklin Templeton Trust Company or ML Stern, or an affiliate, serves as the
custodian.
FRANKLIN GROUP OF FUNDS(R)
FRANKLIN'S AGE HIGH INCOME FUND, INC.
Dated October 1, 1995, as supplemented December 13, 1995
FRANKLIN BALANCE SHEET INVESTMENT FUND
Dated March 1, 1995, as amended July 5, 1995, as supplemented July 26, 1995,
October 1, 1995, October 21, 1995 and December 13, 1995
FRANKLIN MICROCAP VALUE FUND
Dated December 12, 1995
FRANKLIN CUSTODIAN FUNDS, INC.
(Growth, Utilities,DynaTech, Income and U.S. Government Securities Series)
Dated February 1, 1996
FRANKLIN'S INCOME SERIES
Dated February 1, 1996
FRANKLIN'S U.S. GOVERNMENT SECURITIES SERIES
Dated February 1, 1996
FRANKLIN EQUITY FUND
Dated November 1, 1995, as supplemented December 5, 1995
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FRANKLIN GOLD FUND
Dated December 1, 1995
FRANKLIN PACIFIC GROWTH FUND
Dated March 1, 1995, as amended November 13, 1995, as supplemented December 13,
1995
FRANKLIN INTERNATIONAL EQUITY FUND
Dated March 1, 1995, as supplemented July 26, 1995 and October 1, 1995
and December 13, 1995
FRANKLIN GLOBAL GOVERNMENT INCOME FUND
Dated March 1, 1995, as supplemented May 1, 1995, July 26, 1995, October 1,
1995 and December 13, 1995
FRANKLIN SHORT-INTERMEDIATE U.S. GOVERNMENT SECURITIES FUND
Dated March 1, 1995, as supplemented July 26, 1995, October 1, 1995 and
December 13, 1995
FRANKLIN CONVERTIBLE SECURITIES FUND
Dated March 1, 1995, as supplemented October 2, 1995 and December 13, 1995
FRANKLIN ADJUSTABLE U.S. GOVERNMENT SECURITIES FUND
Dated March 1, 1995, as amended December 4, 1995
FRANKLIN EQUITY INCOME FUND
Dated March 1, 1995, as amended November 13, 1995, as supplemented December 13,
1995
FRANKLIN ADJUSTABLE RATE SECURITIES FUND
Dated March 1, 1995, as supplemented July 26, 1995, October 1, 1995 and
December 13, 1995
FRANKLIN RISING DIVIDENDS FUND
Dated February 1, 1996
FRANKLIN INVESTMENT GRADE INCOME FUND
Dated February 1, 1996
FRANKLIN PREMIER RETURN FUND
Dated May 1, 1995, as supplemented October 31, 1995 and December 13, 1995
FRANKLIN REAL ESTATE SECURITIES FUND
Dated September 1, 1995, as supplemented October 1, 1995 and December 13, 1995
FRANKLIN STRATEGIC MORTGAGE PORTFOLIO
Dated February 1, 1996
FRANKLIN CALIFORNIA GROWTH FUND
Dated September 1, 1995, as amended January 3, 1996
FRANKLIN STRATEGIC INCOME FUND
Dated September 1, 1995, as amended December 19, 1995
FRANKLIN GLOBAL UTILITIES FUND
Dated September 1, 1995, as amended January 10, 1996
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FRANKLIN SMALL CAP GROWTH FUND
Dated September 1, 1995, as amended December 7, 1995, as supplemented December
13, 1995
FRANKLIN GLOBAL HEALTH CARE FUND
Dated September 1, 1995, as supplemented October 1, 1995 and December 13,
1995
FRANKLIN NATURAL RESOURCES FUND
Dated June 5, 1995, as supplemented July 26, 1995, October 1, 1995 and
December 13, 1995
FRANKLIN/TEMPLETON GERMAN GOVERNMENT BOND FUND
Dated March 1, 1995, as amended November 15, 1995, as supplemented
December 13, 1995
FRANKLIN/TEMPLETON INTERNATIONAL CURRENCY FUNDS
(Global, Hard and High Income Currency Funds) Dated March 1, 1995, as
supplemented July 26, 1995, October 1, 1995 and December 13, 1995
TEMPLETON GROUP OF FUNDS
TEMPLETON GROWTH FUND, INC.
TEMPLETON WORLD FUND
TEMPLETON FOREIGN FUND
TEMPLETON SMALLER COMPANIES GROWTH FUND, INC.
TEMPLETON REAL ESTATE SECURITIES FUND
TEMPLETON INCOME FUND each dated January 1, 1996
TEMPLETON GLOBAL OPPORTUNITIES TRUST
dated May 1, 1995, as amended July 25, 1995 and supplemented October 2, 1995
and December 5, 1995
TEMPLETON DEVELOPING MARKETS TRUST
dated May 1, 1995, as amended January 10, 1996
TEMPLETON GLOBAL INFRASTRUCTURE FUND
dated July 10, 1995, as supplemented October 2, 1995 and December 5, 1995
TEMPLETON AMERICAN TRUST, INC.
dated May 1, 1995, as amended December 20, 1995
TEMPLETON REGION FUNDS
dated May 8, 1995, as amended August 31, 1995 and supplemented October 2, 1995,
November 8, 1995 and December 5, 1995
FRANKLIN TEMPLETON JAPAN FUND
dated August 1, 1995, as supplemented October 2, 1995 and December 5, 1995
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TEMPLETON AMERICAS GOVERNMENT SECURITIES FUND
dated July 10, 1995, as supplemented July 26, 1995, August 8, 1995, October 2,
1995 and December 5, 1995
TEMPLETON GROWTH AND INCOME FUND
dated July 10, 1995, as amended December 6, 1995
(each as may be further amended and supplemented from time to time)
