TEMPLETON INCOME TRUST
497, 1996-05-31
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FITW STKR 6/96
(For use in Taiwan only)

                           FRANKLIN GROUP OF FUNDS(R)
                            TEMPLETON GROUP OF FUNDS
                        (THE "FRANKLIN TEMPLETON FUNDS")
                              PROSPECTUS SUPPLEMENT
                               DATED JUNE 1, 1996

The following language is added to the section "How Do I Buy Shares?" or "How to
Buy Shares of the Fund(s)" of the prospectuses for the Franklin  Templeton Funds
listed below:

Shares of the Fund(s) may be offered in Taiwan to certain  banks' trust accounts
at net asset value and to  investors  through  securities  advisory  firms known
locally as Securities  Investment  Consulting  Enterprises.  In conformity  with
local  business  practices in Taiwan,  shares may be offered with the  following
schedule of sales charges:

SIZE OF PURCHASE - U.S. DOLLARS                  SALES CHARGE
Under $30,000                                         3%
$30,000 but less than $100,000                        2%
$100,000 but less than $400,000                       1%
$400,000 or more                                      0%

FRANKLIN GROUP OF FUNDS(R)
FRANKLIN CUSTODIAN FUNDS, INC.
(Utilities Series)
Dated February 1, 1996, as supplemented March 1, 1996

FRANKLIN GLOBAL GOVERNMENT INCOME FUND
Dated March 1, 1996

FRANKLIN PARTNERS FUNDS(R)
(FPF - Franklin Tax-Advantaged International Bond, U.S. Government Securities
 and High Yield Securities Funds)
Dated May 1, 1996

TEMPLETON FUND

TEMPLETON GLOBAL BOND FUND
Dated January 1, 1996, as amended May 15, 1996

(Each as may be further amended or supplemented from time-to-time)



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