EQTW STKR 6/96
(For use in Taiwan only)
FRANKLIN GROUP OF FUNDS(R)
TEMPLETON GROUP OF FUNDS
(THE "FRANKLIN TEMPLETON FUNDS")
PROSPECTUS SUPPLEMENT
DATED JUNE 1, 1996
The following language is added to the section "How Do I Buy Shares?" or "How
to Buy Shares of the Fund(s)" of the prospectuses for the Franklin Templeton
Funds listed below:
Shares of the Fund(s) may be offered in Taiwan to certain banks' trust
accounts at net asset value and to investors through securities advisory
firms known locally as Securities Investment Consulting Enterprises. In
conformity with local business practices in Taiwan, shares may be offered
with the following schedule of sales charges:
SIZE OF PURCHASE - U.S. DOLLARS SALES CHARGE
- ------------------------------- ------------
Under $30,000 3.0%
$30,000 but less than $50,000 2.5%
$50,000 but less than $100,000 2.0%
$100,000 but less than $200,000 1.5%
$200,000 but less than $400,000 1.0%
$400,000 or more 0%
FRANKLIN GROUP OF FUNDS(R)
FRANKLIN EQUITY FUND
Dated November 1, 1995, as amended February 2, 1996,
as supplemented March 1, 1996
FRANKLIN RISING DIVIDENDS FUND
FRANKLIN CUSTODIAN FUNDS, INC.
(Growth and DynaTech Series)
Dated February 1, 1996, as supplemented March 1, 1996
FRANKLIN GOLD FUND
Dated December 1, 1995, as supplemented March 1, 1996
FRANKLIN CONVERTIBLE SECURITIES FUND
Dated March 1, 1996
TEMPLETON FUNDS
TEMPLETON GROWTH FUND, INC.
TEMPLETON WORLD FUND
Dated January 1, 1996, as supplemented March 1, 1996
TEMPLETON FOREIGN FUND
TEMPLETON GLOBAL REAL ESTATE FUND
Dated January 1, 1996, as amended May 15, 1996
TEMPLETON GLOBAL SMALLER COMPANIES FUND, INC.
Dated January 1, 1996, as supplemented March 1, 1996 and May 15, 1996
TEMPLETON DEVELOPING MARKETS TRUST
TEMPLETON AMERICAN TRUST, INC.
TEMPLETON GLOBAL OPPORTUNITIES TRUST
Dated May 1, 1996
(Each as may be further amended or supplemented from time-to-time)
