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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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