oFCF STKPA

                          SUPPLEMENT DATED MAY 1, 1998
                              TO THE PROSPECTUS OF
                 FRANKLIN CUSTODIAN FUNDS, INC. - ADVISOR CLASS
                             DATED FEBRUARY 1, 1998

The prospectus is amended as follows:

I. The section  "Management  Team - Income  Series" found under "Who Manages the
Fund?" is revised to add Frederick G. Fromm to the  management  team,  effective
January 1998, and to add the following:

 Frederick G. Fromm
 Portfolio Manager of Advisers

Mr.  Fromm  holds a  Bachelor  of Arts  degree in  Business  Economics  from the
University of California, Santa Barbara. He has been with the Franklin Templeton
Group since 1992.



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission