TL7112.doc
PROSPECTUS SUPPLEMENT
DATED MAY 1, 1997
TEMPLETON DEVELOPING MARKETS TRUST - ADVISOR CLASS
TEMPLETON DEVELOPING MARKETS TRUST -CLASS I AND CLASS II
TEMPLETON GLOBAL OPPORTUNITIES TRUST - CLASS I AND CLASS II
TEMPLETON AMERICAN TRUST, INC. - CLASS I AND CLASS II
dated May 1, 1997
I. 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.
METHOD STEPS TO FOLLOW
BY MAIL
1. Send us written instructions signed by all account wners. 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 the
corresponding bank and the account number
2. Include any outstanding share certificates for the shares you are
selling
3. Provide a signature guarantee if desire
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 features. To sign up, send us written instructions,
with a signature guarantee. To avoid delay in processing, the
instructions should include the items listed in "By Mile" above.
Telephone requests will be accepted:
If the request is $50,000 or less. Institutional accounts my exceed $50,000
by completing a separate agreement. Call Institutional 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
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.
II. The following paragraph is added under "WHAT ARE THE FUND'S POTENTIAL
RISKS?":
Hong Kong is scheduled to revert to the sovereignty of China on July 1, 1997.
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.
