FRANKLIN TAX FREE TRUST, 497, 1995-05-31

FRANKLIN TAX FREE TRUST
497, 1995-05-31

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BRNT STKR

        SUPPLEMENT DATED JUNE 5, 1995 TO THE PROSPECTUSES
                                
            Franklin High Yield Tax-Free Income Fund
                  Franklin Tax-Free Trust (TF3)
                        Dated May 1, 1995
                               and
                   Templeton Growth Fund, Inc.
                        Dated May 1, 1995
                                
                                
During the period June 5, 1995 through August 31, 1995, the
securities firm of Barnett Securities, Inc. ("BSI"), will receive
from Franklin Templeton Distributors, Inc., the principal
underwriter for the funds, the full applicable front-end sales
charge with respect to purchases in Franklin High Yield Tax-Free
Income Fund and Templeton Growth Fund, Inc. originated by BSI.