TEMPLETON REAL ESTATE SECURITIES FUND
497, 1996-05-21
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                                SUPPLEMENT TO THE
                       STATEMENT OF ADDITIONAL INFORMATION

                       Statement of Additional Information
                              dated January 1, 1996

                      Templeton Real Estate Securities Fund

Effective today, the Fund's name will be changed to "Templeton Global Real
Estate Fund."

May 15, 1996                                              TL410 STKST 5/96





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