o 117STKP1
SUPPLEMENT DATED JUNE 24, 1998
TO THE PROSPECTUS OF
FRANKLIN CORPORATE QUALIFIED
DIVIDEND FUND
dated February 1, 1998
On June 23, 1998, the Board of Trustees of Franklin Managed Trust approved a
proposal to dissolve Franklin Corporate Qualified Dividend Fund (the "fund"), to
liquidate the fund's assets, and to distribute the fund's net assets to
shareholders. The liquidation is scheduled for July 15, 1998.
As of July 1, 1998, shares of the fund will no longer be offered for sale.
On July 15, 1998, the fund will liquidate its assets and distribute its net
assets to fund shareholders. If you are a fund shareholder on July 15, 1998, we
will mail you a check for the value of your account on that date.
