TEMPLETON FUNDS INC
497, 1998-01-02
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o 101 STKP
o 102 STKP
o 104 STKP
o 406 STKP

                        SUPPLEMENT DATED JANUARY 1, 1998
                             TO THE PROSPECTUSES OF

                           Templeton Growth Fund, Inc.
                              Templeton World Fund
                             Templeton Foreign Fund
                           Templeton Global Bond Fund
                              dated January 1, 1998

The  prospectus is amended to replace the sections  "Contingent Deferred  Sales
Charge - Class I" and "Contingent Deferred Sales Charge - Class II", found under
"May I Exchange Shares for Shares of Another Fund? - Will Sales Charges Apply to
My Exchange?", with the following:

  Contingent Deferred Sales Charge.  For accounts with shares subject to a
  Contingent Deferred Sales Charge, we will first exchange any shares in your
  account that are not subject to the charge. If there are not enough of these
  to meet your exchange request, we will exchange shares subject to the charge
  in the order they were purchased.  If you exchange Class I shares into one of
  our money  funds,  the time your  shares are held in that fund will not count
  towards the completion of any Contingency Period. If you exchange your Class
  II shares for shares of Money Fund II, however, the time your shares are held
  in that fund will count towards the completion of any Contingency Period.






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