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SUPPLEMENT DATED NOVEMBER 29, 1999
TO THE PROSPECTUS OF
TEMPLETON GLOBAL OPPORTUNITIES TRUST
DATED MAY 1, 1999
The prospectus is amended to replace the "Management" section with the
following:
Templeton Investment Counsel, Inc. (Investment Counsel), 500 East Broward Blvd.,
Fort Lauderdale, Florida, is the fund's investment manager. Together, Investment
Counsel and its affiliates manage over $218 billion in assets.
The fund's lead portfolio manager is:
MARK R. BEVERIDGE CFA, SENIOR VICE PRESIDENT OF INVESTMENT COUNSEL
Mr. Beveridge has been a manager of the fund since November 1999. He joined the
Franklin Templeton Group in 1985.
The following individuals have secondary portfolio management responsibilities:
GARY P. MOTYL CFA, DIRECTOR AND EXECUTIVE VICE PRESIDENT OF INVESTMENT COUNSEL
Mr. Motyl has been a manager of the fund since 1995. He joined the Franklin
Templeton Group in 1981.
HEIDI S. ANDERSEN CFA, VICE PRESIDENT OF INVESTMENT COUNSEL
Ms. Andersen has been a manager of the fund since 1998. She joined the Franklin
Templeton Group in 1995.
The fund pays Investment Counsel a fee for managing the fund's assets and making
its investment decisions. For the fiscal year ended December 31, 1998, the fund
paid 0.80% of its average daily net assets to the manager.
Please keep this supplement for future reference.
