TL415 STKP3
PROSPECTUS SUPPLEMENT
DATED NOVEMBER 17, 1997
TEMPLETON GLOBAL OPPORTUNITIES TRUST
DATED MAY 1, 1997
I. The first two sentences of the second paragraph under "WHAT ARE THE
FUND'S POTENTIAL RISKS?" are amended to READ:
The Fund has an unlimited right to purchase securities in any developed
foreign country and may invest up to 40% of its total assets in
securities in developing countries. You should consider carefully the
substantial risks involved in investing in foreign securities, which
are in addition to the usual risks inherent in domestic investments;
developing markets involve heightened risks.
II. The following sentences are added to the end of the second paragraph
under "WHAT ARE THE FUND'S POTENTIAL RISKS?":
These considerations generally are more of a concern in developing
countries, where the possibility of political instability (including
revolution) and dependence on foreign economic assistance may be
greater than in developed countries. Investments in companies domiciled
in developing countries, therefore, may be subject to potentially
higher risks than investments in developed countries. See "What Are the
Fund's Potential Risks?" in the SAI.
III. The following paragraph is added under "WHAT ARE THE FUND'S POTENTIAL
RISKS?":
On July 1, 1997, Hong Kong reverted to the sovereignty of China. As
with any major political transfer of power, this could result in
political, social, economic, market or other developments in Hong Kong,
China or other countries that could affect the value of Fund
investments.
IV. As of June 1, 1997, Dean Witter InterCapital, Inc. ("InterCapital") no
longer serves as sub-advisor of the Fund. Templeton Investment Counsel, Inc.
("TICI") remains the Fund's investment manager responsible for the Fund's
investment decisions.
V. Category #5 under "SALES CHARGE WAIVERS" within the section "How Do I Buy
Shares? - Sales Charge Reductions and Waivers" is replaced with the following:
5. Redemption proceeds from the sale of Class A shares of any of the
Templeton Global Strategy Funds if you are a qualified investor.
If you paid a contingent deferred sales charge when you redeemed your
Class A shares from a Templeton Global Strategy Fund, a Contingent
Deferred Sales Charge will apply to your purchase of Fund shares and a
new Contingency Period will begin. We will, however, credit your Fund
account with additional shares based on the contingent deferred sales
charge you paid and the amount of the redemption proceeds that you
reinvest.
If you immediately placed your redemption proceeds in a Franklin
Templeton money fund, you may reinvest them as described above. The
proceeds must be reinvested within 365 days from the date they are
redeemed from the money fund.
<PAGE>
VI. The following paragraph is added at the end of the section "HOW DO I
BUY SHARES?":
FOR INVESTORS OUTSIDE THE U.S.
The distribution of this prospectus and the offering of Fund shares may
be limited in many jurisdictions. An investor who wishes to buy shares
of the Fund should determine, or have a broker-dealer determine, the
applicable laws and regulations of the relevant jurisdiction. Investors
are responsible for compliance with tax, currency exchange or other
regulations applicable to redemption and purchase transactions in any
jurisdiction to which they may be subject. Investors should consult
appropriate tax and legal advisors to obtain information on the rules
applicable to these transactions.
VII. The discussion under "HOW DO I SELL SHARES?" is amended by replacing
the chart and first two paragraphs with the following text:
You may sell (redeem) your shares at any time.
<TABLE>
<CAPTION>
------------------ ------------------------------------------------
METHOD STEPS TO FOLLOW
<S> <C>
------------------ -------------------------------------------------
BY MAIL 1. Send us signed written instructions. If you
would like your redemption proceeds wired to a
bank account, your instructions should include:
The name, address and telephone number of the bank
where you want the proceeds sent
Your bank account number
The Federal Reserve ABA routing number
If you are using a savings and loan or credit
union, the name of thecorresponding bank and
the account number
2. Include any outstanding share certificates for
the shares you are selling 3. Provide a signature
guarantee if required 4. Corporate, partnership
and trust accounts may need to send additional
documents. Accounts under court jurisdiction may
have other requirements.
------------------ -------------------------------------------------
BY PHONE Call Shareholder Services. If you would like
your redemption proceeds wired to a bank account,
other than an escrow account, you must first sign
up for the wire feature. To sign up, send us
written instructions, with a signature guarantee.
To avoid any delay in processing, the instructions
should include the items listed in "By Mail"
above.
Telephone requests will be accepted:
If the request is $50,000 or less. Institutional
accounts may exceed $50,000 by completing a
separate agreement. Call Institutiona
Services to receive a copy.
If there are no share certificates issued
for the shares you want to sell or you have
already returned them to the Fund
Unless you are selling shares in a Trust Company
retirement plan account
Unless the address on your account was changed
by phone within the last 15 days
If you do not want the ability to redeem by phone
to apply to your account, please let us know.
------------------ --------------------------------------------------
THROUGH YOUR
DEALER Call your investment representative
------------------ --------------------------------------------------
</TABLE>
We will send your redemption check within seven days after we receive your
request in proper form. If you would like the check sent to an address other
than the address of record or made payable to someone other than the registered
owners on the account, send us written instructions signed by all account
owners, with a signature guarantee. We are not able to receive or pay out cash
in the form of currency.
The wiring of redemption proceeds is a special service that we make available
whenever possible for redemption requests of $1,000 or more. If we receive your
request in proper form before 4:00 p.m. Eastern time, your wire payment will be
sent the next business day. For requests received in proper form after 4:00 p.m.
Eastern time, the payment will be sent the second business day. By offering this
service to you, the Fund is not bound to meet any redemption request in less
than the seven day period prescribed by law. Neither the Fund nor its agents
shall be liable to you or any other person if, for any reason, a redemption
request by wire is not processed as described in this section.
