o146*P
SUPPLEMENT DATED OCTOBER 1, 1998 TO THE PROSPECTUS OF
FRANKLIN U.S. GOVERNMENT
AGENCY MONEY MARKET FUND
DATED NOVEMBER 1, 1997
The prospectus is amended as follows:
I. The last paragraph under "How is the Trust Organized?" is replaced with
the following:
As of April 3, 1998, no shareholder owned of record and beneficially more
than 25% of the outstanding shares of the Fund.
II. The following definition is revised in the "Useful Terms and Definitions"
section:
CONTINGENCY PERIOD - The 12 month period during which a Contingent Deferred
Sales Charge may apply. The holding period begins on the day you buy your
shares.
For example, if you buy shares on the 18th of the month, they will age one
month on the 18th day of the next month and each following month.
Please keep this supplement for future reference.
