FRANKLIN INVESTORS SECURITIES TRUST
497, 1995-06-28
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USBNK STKR

        SUPPLEMENT DATED JULY 5, 1995 TO THE PROSPECTUSES
                                
                   Franklin Equity Income Fund
               Franklin Investors Securities Trust
                       Dated March 1, 1995
                               and
                   Templeton Growth Fund, Inc.
                        Dated May 1, 1995
                                
                                
During the period July 5, 1995 through August 31, 1995, the
securities firm of U.S. Bancorp Securities, Inc., will receive
from Franklin Templeton Distributors, Inc., the principal
underwriter for the funds, the full applicable front-end sales
charge paid by investors with respect to purchases in Franklin
Equity Income Fund and Templeton Growth Fund, Inc. originated by
U.S. Bancorp Securities, Inc.



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