117 STKP1
SUPPLEMENT DATED NOVEMBER 17, 1997
TO THE PROSPECTUS OF
FRANKLIN CORPORATE QUALIFIED DIVIDEND FUND
DATED FEBRUARY 1, 1997
The prospectus is amended to replace the first two paragraphs and the second
waiver category in the section "Sales Charge Waivers," found under "How Do I
Buy Shares? - Sales Charge Reductions and Waivers," with the following:
Sales Charge Waivers. If one of the following sales charge waivers applies
to you or your purchase of Fund shares, you may buy shares of the Fund
without a front-end sales charge or a Contingent Deferred Sales Charge.
Certain distributions, payments or redemption proceeds that you receive may
be used to buy shares of the Fund without a sales charge. They include:
2. Dividend and capital gain distributions from any Franklin Templeton Fund
or a real estate investment trust (REIT) sponsored or advised by Franklin
Properties, Inc. The distributions must be reinvested within 365 days of
their payment date and generally must be reinvested in the same class of
shares. Certain exceptions apply, however, to Class II shareholders of
another Franklin Templeton Fund who chose to reinvest their distributions in
the Fund before November 17, 1997, and to Advisor Class or Class Z
shareholders of a Franklin Templeton Fund who may reinvest their
distributions in the Fund.
