FTIC STKP1
SUPPLEMENT DATED JANUARY 1, 1998
TO THE PROSPECTUS OF
FRANKLIN TEMPLETON INTERNATIONAL CURRENCY FUNDS
DATED MARCH 1, 1997
The prospectus is amended to replace the section "The Rule 12b-1 Plan," found
under "Who Manages the Fund?", with the following:
THE RULE 12B-1 PLAN
The Fund has a distribution plan or "Rule 12b-1 Plan" for its Class I shares
under which it may reimburse Distributors or others for the expenses of
activities that are primarily intended to sell shares of the class. These
expenses may include, among others, distribution or service fees paid to
Securities Dealers or others who have executed a servicing agreement with the
Fund, Distributors or its affiliates; a prorated portion of Distributors'
overhead expenses; and the expenses of printing prospectuses and reports used
for sales purposes, and preparing and distributing sales literature and
advertisements.
Payments by the Fund under the plan may not exceed 0.45% per year of Class I's
average daily net assets. 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. All distribution expenses over this
amount will be borne by those who have incurred them. During the first year
after certain purchases made without a sales charge, Securities Dealers may not
be eligible to receive the Rule 12b-1 fee associated with the purchase. For more
information, please see "The Fund's Underwriter" in the SAI.
