OH 282
To be delivered to residents of the State of Ohio
SUPPLEMENT TO THE PROSPECTUS OF THE
FRANKLIN VALUE FUND
As required by the Ohio Division of Securities, the information in the attached
prospectus is augmented as follows:
The Franklin Value Fund ("Fund"), as a non-diversified open-end management
investment company ("mutual fund") is not restricted by federal law as to the
percentage of its assets that may be invested in the outstanding voting
securities of any one issuer. In compliance with Ohio law, however, the Fund may
not invest more than forty-nine percent in the voting securities of any one
issuer.
