TEMPLETON GROWTH FUND INC
497, 1998-01-15
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                        SUPPLEMENT DATED JANUARY 15, 1998
                              TO THE PROSPECTUS OF

                           TEMPLETON GROWTH FUND, INC.
                              DATED JANUARY 1, 1998

The section "Sales Charge  Waivers"  under "How Do I Buy Shares?  - Sales Charge
Reductions and Waivers" is amended to add the following new category to the list
of sales charge waiver categories: 

     7. Tender proceeds from the Templeton Vietnam Opportunities Fund, Inc. if
     you have directed the proceeds to be invested in the Fund under the terms
     of the "Offer to Purchase" dated December 19, 1997.



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