BUYTX.396O
FRANKLIN TEMPLETON GROUP OF FUNDS
PROSPECTUS SUPPLEMENT
DATED MARCH 1, 1996
The section titled "How to Buy Shares of the Fund" or "How Do I Buy Shares?" is
modified in the following respects:
I. Effective March 1, 1996, the assets requirement for certain retirement
plans to purchase Class I shares at net asset value (and for payments by
Distributors/FTD or one of its affiliates to securities dealers who
initiate and are responsible for such purchases) will be lowered from $10
million in collective assets to $1 million in collective assets.
II. IF YOU QUALIFY TO BUY SHARES AT NET ASSET VALUE, PLEASE SPECIFY IN
WRITING THE PRIVILEGE THAT APPLIES TO YOUR PURCHASE AND INCLUDE THAT
WRITTEN STATEMENT WITH YOUR PURCHASE ORDER. WE WILL NOT BE RESPONSIBLE FOR
PURCHASES THAT ARE NOT MADE AT NET ASSET VALUE IF THIS WRITTEN STATEMENT
IS NOT INCLUDED WITH YOUR ORDER.
III. The following is added under "Other Payments to Securities Dealers":
Payments by Distributors/FTD or one of its affiliates to securities
dealers of up to 1% of the purchase price of Class I shares (purchased at
net asset value), may not be made to the extent such persons are
compensated by Distributors/FTD or one of its affiliates for
administration or recordkeeping costs for retirement plans.
FRANKLIN GROUP OF FUNDS(R)
FRANKLIN'S AGE HIGH INCOME FUND, INC.
Dated October 1, 1995, as supplemented 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 amended February 2, 1996
FRANKLIN GOLD FUND
Dated December 1, 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 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
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
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
Dated January 1, 1996
TEMPLETON DEVELOPING MARKETS TRUST
dated May 1, 1995
(as previously amended January 10, 1996)
TEMPLETON GLOBAL INFRASTRUCTURE FUND
Dated July 10, 1995(as previously amended February 6, 1996)
TEMPLETON AMERICAN TRUST, INC.
dated May 1, 1995 (as previously amended December 20, 1995)
TEMPLETON REGION FUNDS
Dated May 8, 1995
(as previously amended August 31, 1995 and supplemented October 2, 1995,
November 8, 1995 and December 5, 1995)
TEMPLETON AMERICAS GOVERNMENT SECURITIES FUND
Dated July 10, 1995
(as previously supplemented on July 26, 1995,
August 8, 1995, October 2, 1995 and December 5, 1995)
TEMPLETON GROWTH AND INCOME FUND
Dated July 10, 1995 (as previously amended December 6, 1995)
(each as may be further amended and supplemented from time to time)
