SUPPLEMENT DATED MAY 29, 1998
TO THE PROSPECTUS OF
TEMPLETON INSTITUTIONAL FUNDS, INC.
DATED MAY 1, 1998
The third paragraph of the section "Portfolio Management," found under "Who
Manages the Funds?" is replaced with the following:
The portfolio manager of the Emerging Fixed Income Markets Series is Umran
Demirors who has served in this capacity since the Series' inception. Dr.
Demirors is vice president of Templeton Global Bond Managers ("TGBM"), a
division of Investment Counsel. He holds a Ph.D. and an MA in economics from New
York University, and a BA in economics from Bursa Academy of Economics and
Business Administration in Turkey. Prior to joining the Templeton organization
in 1996, Dr. Demirors was a principal and portfolio manager for Socimer Advisory
Inc. in New York. Before joining Socimer Advisory Inc., Dr. Demirors was the
head of research and strategy at VestcorPartners Group in Miami from 1992
through 1994. Currently, Dr. Demirors manages several emerging markets fixed
income portfolios, and directs the TGBM emerging markets group.
