SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
TEMPLETON GLOBAL INVESTMENT TRUST
Statement of Additional Information dated June 27, 1994, as supplemented
December 2, 1994 for
Templeton Americas Government Securities Fund
TEMPLETON INCOME TRUST
Statement of Additional Information dated January 1, 1995 for
Templeton Income Fund and
Templeton Money Fund
The following text is added to the section entitled "PURCHASE, REDEMPTION AND
PRICING OF SHARES":
PURCHASES AT NET ASSET VALUE. Except for the Templeton Money Fund, the
following
amounts will be paid by FTD to dealers who initiate and are responsible for
purchases of $1 million or more or for purchases made at net asset value by non-
designated retirement plans: 0.75% on sales of $1 million but less than $2
million, plus 0.60% on sales of $2 million but less than $3 million, plus 0.50%
on sales of $3 million but less than $50 million, plus 0.25% on sales of $50
million but less than $100 million, plus 0.15% on sales of $100 million or
more. In the case of purchases made at net asset value by certain designated
retirement plans (excluding IRA and IRA rollovers) described under "How to
Buy Shares of the Fund - Net Asset Value Purchases" section of the
Prospectus, the applicable
percentages are 1.00% on sales of $1 million but less than $2 million,
plus 0.80% on sales of $2 million but less than $3 million, plus 0.50% on
sales $3 million
but less than $50 million, plus 0.25% on sales of $50 million but less than $100
million, plus 0.15% on sales of $100 million or more. FTD, or one of its
affiliates, may make payment, out of its own resources, of up to 1% of the
amount
purchased, to dealers who initiate and are responsible for purchases made at net
asset value by certain trust company and trust departments of banks and of
certain retirement plans of organizations with collective retirement plan assets
of $10 million or more, as described in the Prospectus. Dealer concession
breakpoints are reset every 12 months for purposes of additional purchases.
As described in the Prospectus, FTD or its affiliates may make payments, out of
their own resources, to dealers responsible for certain purchases at net asset
value. As a condition of such payments, FTD or its affiliates may require
reimbursement from such dealers with respect to certain redemptions made within
12 months of the calendar month following purchase as well as other conditions,
all of which may be imposed by an agreement between FTD, or its affiliates, and
the dealer.
The text of the section entitled "PURCHASE, REDEMPTION AND PRICING OF SHARES-
LETTER OF INTENT" is deleted and replaced with the following:
Purchasers who intend to invest $100,000 or more in Shares of Templeton Income
Fund, Templeton Americas Government Securities Fund or any other fund in the
Franklin Templeton Group (except Templeton Capital Accumulator Fund, Inc.,
Templeton Variable Annuity Fund, Templeton Variable Products Series Fund,
Franklin Valuemark Funds and Franklin Government Securities Trust) within 13
months (whether in one lump sum or in installments, the first of which may not
be less than 5% of the total intended amount and each subsequent installment not
less than $25 unless the investor is a qualifying employee benefit plan (the
"Benefit Plan"), including automatic investment and payroll deduction plans),
and
to beneficially hold the total amount of such Shares fully paid for and
outstanding simultaneously for at least one full business day before the
expiration of that period, should execute a Letter of Intent ("LOI") on the form
provided in the Application in the Prospectus. Payment for not less than 5% of
the total intended amount must accompany the executed LOI unless the investor is
a Benefit Plan. Except for purchases of Shares by a Benefit Plan, those Shares
purchased with the first 5% of the intended amount stated in the LOI will be
held
as "Escrowed Shares" for as long as the LOI remains unfulfilled. Although the
Escrowed Shares are registered in the investor's name, his full ownership of
them
is conditional upon fulfillment of the LOI. No Escrowed Shares can be redeemed
by the investor for any purpose until the LOI is fulfilled or terminated. If
the LOI is terminated for any reason other than fulfillment, the Transfer
Agent will redeem that portion of the Escrowed Shares required and apply the
proceeds to pay any adjustment that may be appropriate to the sales
commission on all Shares
(including the Escrowed Shares) already purchased under the LOI and apply any
unused balance to the investor's account. The LOI is not a binding obligation
to purchase any amount of Shares, but its execution will result in the purchaser
paying a lower sales charge at the appropriate quantity purchase level. A
purchase not originally made pursuant to an LOI may be included under a
subsequent LOI executed within 90 days of such purchase. In this case, an
adjustment will be made at the end of 13 months from the effective date of the
LOI at the net asset value per Share then in effect, unless the investor makes
an earlier written request to the Principal Underwriter upon fulfilling the
purchase of Shares under the LOI. In addition, the aggregate value of any
Shares
purchased prior to the 90-day period referred to above may be applied to
purchases under a current LOI in fulfilling the total intended purchases under
the LOI. However, no adjustment of sales charges previously paid on purchases
prior to the 90-day period will be made.
If an LOI is executed on behalf of a benefit plan (such plans are described
under
"How to Buy Shares of the Fund - Net Asset Value Purchases" in the Prospectus),
the level and any reduction in sales charge for these employee benefit plans
will be based on actual plan participation and the projected investments in the
Franklin Templeton Group (except Templeton Capital Accumulator Fund, Inc.,
Templeton Variable Annuity Fund, Templeton Variable Products Series Fund,
Franklin Valuemark Funds and Franklin Government Securities Trust) under the
LOI.
Benefit Plans are not subject to the requirement to reserve 5% of the total
intended purchase, or to any penalty as a result of the early termination of a
plan, nor are Benefit Plans entitled to receive retroactive adjustments in price
for investments made before executing LOIs.
