TEMPLETON GROWTH FUND INC
N-18F1, 1995-11-13
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                  Form N-18F-1



                NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1
                    UNDER THE INVESTMENT COMPANY ACT OF 1940













                          TEMPLETON GROWTH FUND, INC.
                            Exact name of Registrant



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                            NOTIFICATION OF ELECTION



                  The undersigned  registered open-end investment company hereby
notifies the Securities and Exchange  Commission that it elects to commit itself
to pay in cash all  redemptions  by a shareholder  of record as provided by Rule
18f-1 under the  Investment  Company  Act of 1940.  It is  understood  that this
election is  irrevocable  while such Rule is in effect unless the  Commission by
order upon application permits the withdrawal of this Notification of Election.



                                   SIGNATURE



                Pursuant to the requirements of Rule 18f-1 under the Investment
Company Act of 1940, the registrant has caused this Notification of Election to 
be duly executed on its behalf in the city of St. Petersburg, Florida on the 2nd
day of November, 1995.



                                    Signature:       TEMPLETON GROWTH FUND, INC.
                                                        (Name of Registrant)



                                                     By:/s/THOMAS M. MISTELE
                                                            Thomas M. Mistele
                                                                Secretary















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