SUPPLEMENT TO THE CLASS I AND CLASS II PROSPECTUS
TEMPLETON GLOBAL REAL ESTATE FUND
Prospectus dated January 1, 1997
TEMPLETON AMERICAN TRUST, INC.
Prospectus dated May 1, 1996
(as amended November 1, 1996)
TEMPLETON GLOBAL OPPORTUNITIES TRUST
Prospectus dated May 1, 1996
(as amended September 1, 1996)
TEMPLETON GLOBAL INFRASTRUCTURE FUND
Prospectus dated August 1, 1996
(as previously supplemented October 31, 1996)
TEMPLETON GROWTH AND INCOME FUND
Prospectus dated August 1, 1996
(as previously supplemented October 31, 1996)
I. The discussion under "HOW DO I BUY SHARES? - CUMULATIVE QUANTITY
DISCOUNTS - CLASS I ONLY" is amended by replacing it with the following text:
To determine if you may pay a reduced sales charge, the amount of your
current Class I purchase is added to the cost or current value,
whichever is higher, of your shares in other Franklin Templeton Funds,
as well as those of your spouse, children under the age of 21 and
grandchildren under the age of 21. If you are the sole owner of a
company, you may also add any company accounts, including retirement
plan accounts. Companies with one or more retirement plans may add
together the total plan assets invested in the Franklin Templeton Funds
to determine the sales charge that applies.
II. The discussion under "HOW DO I BUY SHARES? - SALES CHARGE WAIVERS" is
amended by adding the following new item as the last item under (4.) in the
list of waiver categories:
Exchange Advisor Class shares from any of the Franklin Templeton
Funds, or, beginning on or about May 1, 1997, Class Z shares of
Franklin Mutual Series Fund Inc.
III. The discussion under "MAY I EXCHANGE SHARES FOR SHARES OF ANOTHER FUND
- EXCHANGE RESTRICTIONS" is amended by replacing the first restriction with
the following text:
You may only exchange shares within the SAME CLASS.*
*Because the Fund does not offer Advisor Class shares, Advisor Class
shares of any Franklin Templeton Fund, and Class Z shares with respect
to Franklin Mutual Series Fund Inc., may be exchanged into Class I
shares of the Fund at Net Asset Value.
January 16, 1997 TLADV STKR9 01/97
