/bullet/ TL *SA
410 *SA
103 *SA
101 *SA
FCF *SA1
FMT *SA1
SUPPLEMENT DATED APRIL 1, 1999
TO THE STATEMENTS OF ADDITIONAL INFORMATION OF
TEMPLETON FUNDS, INC.
TEMPLETON GLOBAL REAL ESTATE FUND
TEMPLETON GLOBAL SMALLER COMPANIES FUND, INC.
TEMPLETON GROWTH FUND, INC.
DATED JANUARY 1, 1999
FRANKLIN CUSTODIAN FUNDS, INC.
FRANKLIN MANAGED TRUST
DATED FEBRUARY 1, 1999
The Statement of Additional Information is amended to add the following category
to the section "CDSC waivers" found under "Buying and Selling Shares -
Contingent deferred sales charge (CDSC)":
/bullet/ Redemptions of Class A shares by investors who purchased $1 million
or more without an initial sales charge if the securities dealer of
record waived its commission in connection with the purchase
Please keep this supplement for future reference.
