FRANKLIN GROWTH & INCOME FUND
497, 2000-09-08
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O 134 A20-1
                       SUPPLEMENT DATED AUGUST 10, 2000
                            TO THE ANNUAL REPORT OF
                             FRANKLIN EQUITY FUND
                              dated June 30, 2000

The annual report is amended as follows:
 o The name of the Fund has changed to Franklin Growth and Income Fund.

                          Please keep this supplement
                             for future reference


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