FRANKLIN TEMPLETON GLOBAL TRUST
497, 1998-07-31
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                         SUPPLEMENT DATED AUGUST 3, 1998
                              TO THE PROSPECTUS OF

                  FRANKLIN TEMPLETON GLOBAL TRUST - ADVISOR CLASS
                               DATED MARCH 1, 1998

The prospectus is amended as follows:

I. On July 16,  1998,  the Board  approved a  proposal  to  dissolve  the German
Government  Fund.  This Fund has been closed to new investors since the close of
business on June 30, 1998.

As of the close of business on August 7, 1998,  shares of the German  Government
Fund will no longer be offered  for sale.  Until the close of business on August
7,  1998,  you may  continue  to add to your  existing  account  subject to your
applicable minimum additional investment amount or buy additional shares through
the reinvestment of dividend or capital gain distributions.

On August 25, 1998, the German  Government  Fund will liquidate its assets,  and
will distribute its net assets to shareholders.  If you are a German  Government
Fund  shareholder  on August 25, 1998, we will mail you a check for the value of
your account on that date.

II.  The second  category  under "How Do I Buy  Shares?  - Minimum  Investments"
discussing minimum investments for qualified registered  investment advisors, is
replaced with the following:

 2. Qualified registered investment advisors or certified financial planners who
 have clients  invested in the Franklin  Mutual  Series Fund Inc. on October 31,
 1996, or who buy through a broker-dealer  or service agent who has entered into
 an agreement with  Distributors,  subject to a $1,000  minimum  initial and $50
 minimum subsequent investment requirement

III. The following new item is added under "May I Exchanges Shares for Shares of
Another Fund? - Exchange Restrictions":

 o You must meet the applicable  minimum  investment  amount of the fund you are
 exchanging into, or exchange 100% of your Fund shares.

IV. The section "Keeping Your Account Open," found under "Transaction Procedures
and Special Requirements," is replaced in its entirety with the following:

 KEEPING YOUR ACCOUNT OPEN

 Due to the relatively  high cost of  maintaining a small account,  we may close
 your  account if the value of your  shares is less than $250,  or less than $50
 for employee  accounts.  We will only do this if the value of your account fell
 below this amount because you voluntarily sold your shares and your account has
 been inactive (except for the reinvestment of  distributions)  for at least six
 months.  Before we close your account,  we will notify you and give you 30 days
 to increase the value of your account to $1,000, or $100 for employee accounts.
 These minimums do not apply to IRAs, accounts managed by the Franklin Templeton
 Group,  the  Franklin  Templeton  Profit  Sharing  401(k)  Plan,  the series of
 Franklin Templeton Fund Allocator Series, or certain defined contribution plans
 that qualify to buy shares with no minimum initial investment requirement.


                 Please keep this supplement for future reference.



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