TEMPLETON GROWTH FUND INC
497, 1997-07-02
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TL101 STKP1

                              PROSPECTUS SUPPLEMENT
                               DATED JULY 2, 1997

                           Templeton Growth Fund, Inc.
                              dated January 1, 1997



The prospectus is amended as follows:

The section "Sales Charge Waivers" under "How Do I Buy Shares? - Sales Charge
Reductions and Waivers" is amended by adding the following new category:

         17. German insurance companies publicly offering variable
             annuities or unit linked life policies in Germany that have
             entered into an agreement with Templeton Global Strategic
             Services (Deutschland) GmbH.



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