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SUPPLEMENT DATED APRIL 5, 1999
TO THE STATEMENT OF ADDITIONAL INFORMATION OF
TEMPLETON GLOBAL BOND FUND - ADVISOR CLASS
DATED JANUARY 1, 1999
The Statement of Additional Information is amended to replace the third
paragraph under "Goal and Strategies - Debt securities" with the following:
Independent ratings organizations rate debt securities based upon their
assessment of the financial soundness of the issuer. The fund may buy securities
rated in any category. It may invest up to 25% of its total assets in debt
securities that are rated below investment grade. Investment grade debt
securities are rated in the top four ratings categories by independent ratings
organizations such as Standard & Poor's Corporation (S&P) and Moody's Investors
Service, Inc. (Moody's). Generally, lower rated securities pay higher yields
than more highly rated securities to compensate investors for the higher risk.
The average maturity of the debt securities in the fund's portfolio will
fluctuate depending on the manager's judgement as to future interest rate
changes.
Please keep this supplement for future reference.
