SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED JANUARY 1, 1997
FRANKLIN TEMPLETON INTERNATIONAL CURRENCY FUNDS
FRANKLIN TEMPLETON GLOBAL CURRENCY FUNDS
FRANKLIN TEMPLETON HARD CURRENCY FUNDS
FRANKLIN TEMPLETON HIGH INCOME CURRENCY FUNDS
DATED MARCH 1, 1996 AS AMENDED OCTOBER 1, 1996
I. As of January 1, 1997 the Hard Currency Fund offers a second class of shares,
designated "Advisor Class shares." This SAI describes the Class I shares of the
Fund.
All shares of the Hard Currency Fund outstanding before the offering of Advisor
Class shares will retain their previous rights and privileges.
Class I and Advisor Class shares of the Hard Currency Fund differ as to sales
charges, expenses and services. Different fees and expenses will affect
performance. Advisor Class shares are described in a separate prospectus and SAI
relating only to that class. For more information concerning Advisor Class
shares, contact your investment representative or Distributors.
II. The discussion under "How Do I Buy, Sell and Exchange Shares? - Letter of
Intent" is amended to remove the reference to Class II shares.
III. The first sentence of the discussion under "The Fund's Underwriter - The
Fund's Rule 12b-1 Plan" is amended by replacing the heading and the first
sentence with the following text:
The Fund's Rule 12b-1 Plan - Class I
The Fund has adopted a distribution plan or "Rule 12b-1 plan" pursuant to Rule
12b-1 of the 1940 Act, with respect to its Class I shares.
