SUPPLEMENT TO THE CLASS I AND CLASS II STATEMENT
OF ADDITIONAL INFORMATION
TEMPLETON DEVELOPING MARKETS TRUST
SAI dated May 1, 1996
(as amended November 1, 1996)
TEMPLETON GROWTH FUND, INC.
SAI dated January 1, 1997
TEMPLETON GLOBAL SMALLER COMPANIES FUND, INC.
SAI dated January 1, 1997
TEMPLETON GLOBAL BOND FUND
SAI dated January 1, 1997
I. As of January 1, 1997 the Fund offers a third class of shares, designated
"Advisor Class ." This SAI describes the Class I and Class II shares of the
Fund.
All Fund shares outstanding before the offering of Advisor Class shares will
retain their previous rights and privileges.
Class I, Class II and Advisor Class shares differ as to sales charges, expenses
and services. Different fees and expenses will affect performance. Advisor Class
shares are described in a separate prospectus and SAI relating only to that
class. For more information concerning Advisor Class, contact your investment
representative or Distributors.
II. The discussion under "LETTER OF INTENT - CLASS I" is amended to remove
the reference to Class II shares.
III. The discussion under "THE RULE 12B-1 PLANS" is amended by replacing
the first paragraph with the following text:
The Fund has adopted a distribution plan or "Rule 12b-1 plan"
pursuant to Rule 12b-1 under the 1940 Act, with respect to its Class
I and Class II shares.
January 1, 1997
