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SUPPLEMENT TO THE PROSPECTUS PROSPECTUS DATED MAY 1, 1995 TEMPLETON INSTITUTIONAL FUNDS, INC. (FOREIGN EQUITY (SOUTH AFRICA FREE) SERIES) Shares of the Foreign Equity (South Africa Free) Series of Templeton Institutional Funds, Inc. are no longer available for sale to the public. January 22, 1996 ZTIM STKR2 1/96
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