o FTGT STKP
SUPPLEMENT DATED JULY 1, 1998
TO THE PROSPECTUS OF
FRANKLIN TEMPLETON GLOBAL TRUST
dated March 1, 1998
After the close of business on June 30, 1998, the German Government and High
Income Funds are closed to new investors. If you were a shareholder of record
as of the close of business on June 30, 1998, you may continue to add to your
account subject to your applicable minimum additional investment amount or
buy additional shares through the reinvestment of dividend or capital gain
distributions.
If you are an existing shareholder and you make additional investments on or
after July 1, 1998, the German Government and High Income Funds will waive
their front-end sales charge and Contingent Deferred Sales Charge.
Also beginning on July 1, 1998, you may exchange your shares of the German
Government and High Income Funds for Class I shares of most Franklin
Templeton Funds without a front-end sales charge, no matter how long you have
held your shares. Although you may also redeem your shares, please keep in
mind that if you sell all the shares in your account, your account will be
closed and you will not be allowed to buy additional shares of the German
Government and High Income Funds or to reopen your account.
We are taking this action while the Board is studying a proposal to liquidate
the German Government and High Income Funds. A decision about the future of
these Funds is expected during July 1998.
Please keep this supplement for future reference.
