PROSPECTUS SUPPLEMENT
FRANKLIN GROUP OF FUNDS(R)
TEMPLETON GROUP OF FUNDS
DATED JUNE 28, 1995
Supplement to the sales charge table in the section "How to Buy Shares of the
Fund(s)" of the prospectuses for the Franklin Templeton Funds which follow:
For the period through October 31, 1995, Franklin Templeton Distributors, Inc.
("Distributors"), the principal underwriter of the above funds, will reallow to
the securities firms of BA Investment Services or Seafirst Investment Services,
Inc., one-half of Distributors net underwriting commission with respect to
purchases of any of the listed funds originated by BA Investment Services or
Seafirst Investment Services, Inc. For example if the net underwriting
commission retained by Distributors on a total sales charge of 4.50% is 0.50%,
an additional 0.25% will be reallowed to BA Investment Services or Seafirst
Investment Services, Inc.
FRANKLIN GROUP OF FUNDS(R)
Franklin Federal Intermediate Tax-Free Income Fund
Franklin Federal Tax-Free Income Fund
Franklin New York Insured Tax-Free Income Fund
Franklin New York Intermediate-Term Tax Free Income Fund
Franklin Partners Funds(R)
(FPF - Franklin Tax-Advantaged International Bond, U.S. Government Securities
and High Yield Securities Funds), Franklin Premier Return Fund, Franklin
Tax-Free Trust (TF1 - Insured, Massachusetts Insured, Michigan Insured,
Minnesota Insured, Ohio Insured, Arizona Insured and Florida Insured Tax-Free
Income Funds) (TF2 - Alabama, Florida, Georgia, Kentucky, Louisiana, Maryland,
Missouri, North Carolina, Texas and Virginia Tax-Free Income Funds) (TF3 -
Arizona, Colorado, Connecticut, Indiana, New Jersey, Ohio, Oregon, Pennsylvania,
Puerto Rico and High Yield Tax-Free Income Funds) each dated May 1, 1995
Franklin California Tax-Free Income Fund, Inc., dated August 1, 1994 Franklin
California Insured Tax-Free Income Fund dated November 1, 1995 Franklin Equity
Fund, dated November 1, 1994 Franklin Gold Fund, dated December 1, 1994 Franklin
New York Tax-Free Income Fund, Inc., dated October 1, 1994 Franklin Real Estate
Securities Fund, dated September 1, 1994 Franklin Rising Dividends Fund, dated
February 1, 1995 each as amended May 1, 1995
Franklin Custodian Funds, Inc.
(FCF - Growth, Utilities, DynaTech, Income and U.S. Government Securities
Series) and the separate prospectuses for Income Series and U.S. Government
Securities Series each dated February 1, 1995, as amended June 1, 1995
Franklin Adjustable Rate Securities Fund Franklin Adjustable U.S. Government
Securities Fund Franklin Balance Sheet Investment Fund Franklin Convertible
Securities Fund Franklin Equity Income Fund Franklin Global Government Income
Fund Franklin International Equity Fund Franklin Pacific Growth Fund Franklin
Short-Intermediate U.S. Government Securities Fund Franklin Templeton German
Government Bond Fund Franklin Templeton International Currency Funds (Global,
High and High Income Currency Funds) each dated March 1, 1995
Age High Income Fund Fund, Inc., dated May 15, 1995
Franklin California High Yield Municipal Fund,
dated October 1, 1994
Franklin California Growth Fund, dated September 1, 1994, as amended November
11, 1994 Franklin Corporate Qualified Dividend Fund, dated February 1, 1995
Franklin Global Health Care Fund, dated September 1, 1994 Franklin Global
Utilities Fund dated September 1, 1994, as amended December 30, 1994 Franklin
Investment Grade Income Fund, dated February 1, 1995 Franklin Municipal
Securities Trust (Hawaii, Washington, Tennessee and Arkansas Municipal Bond
Funds), dated October 1, 1994 Franklin Small Cap Growth Fund dated September 1,
1994 Franklin Strategic Income Fund dated December 30, 1994 (each as
supplemented February 1, 1995)
Franklin Strategic Mortgage Portfolio
dated February 1, 1995
Franklin California Intermediate-Term Tax-Free Income Fund, dated November 1,
1994, as amended March 17, 1995
Franklin Natural Resources Fund, dated June 5, 1995
(each as may be further amended and supplemented from time-to-time)
TEMPLETON GROUP OF FUNDS Templeton Developing Markets Trust Templeton Foreign
Fund Templeton Growth Fund Templeton Global Infrastructure Fund Templeton Global
Opportunities Trust Templeton Global Rising Dividends Fund Templeton Income Fund
Templeton Smaller Companies Growth Fund, Inc.
dated May 1, 1995
Templeton Real Estate Securities Fund
Templeton World Fund
dated May 1, 1995 (as previously supplemented on May 25, 1995)
Templeton Americas Government Securities Fund dated June 27, 1994 (as previously
supplemented on April 6, 1995)
Franklin Templeton Japan Fund
dated July 28, 1994 (as previously supplemented on January 25, 1995, April 15,
1995 and May 25, 1995)
(each as may be further amended and supplemented from time-to-time)
