FRANKLIN TEMPLETON GLOBAL TRUST
497, 1998-01-05
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oFTIC SAIP

                        SUPPLEMENT DATED JANUARY 1, 1998
                         TO THE STATEMENT OF ADDITIONAL
                                 INFORMATION OF
                               FRANKLIN TEMPLETON
                          INTERNATIONAL CURRENCY FUNDS
                               DATED MARCH 1, 1997

The statement of additional information is amended to replace the first
paragraph in the section "The Rule 12b-1 Plan," found under "The Fund's
Underwriter," with the following:

The Fund has adopted a  distribution  plan or "Rule 12b-1 plan" pursuant to Rule
12b-1 of the 1940 Act for its Class I shares.  Under the plan,  the Fund may pay
up to a maximum  of 0.45% per year of its  average  daily  net  assets,  payable
quarterly,  for expenses  incurred in the promotion and  distribution of Class I
shares.  Of this amount,  the Fund may reimburse up to 0.45% to  Distributors or
others,  out of which 0.20% will generally be retained by  Distributors  for its
distribution expenses.



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