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SUPPLEMENT DATED FEBRUARY 2, 1996
TO THE PROSPECTUS FOR
FRANKLIN BALANCE SHEET INVESTMENT FUND
DATED MARCH 1, 1995, AS AMENDED JULY 5, 1995
AND SUPPLEMENTED OCTOBER 1, 1995 AND OCTOBER 21, 1995
Effective February 5, 1996, the offering of shares of the The Franklin Balance
Sheet Investment Fund will be closed to new investors, except for retirement
plan accounts. Please refer to the supplement dated October 21, 1995 for
details.
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