SUPPLEMENT TO THE PROSPECTUS
Templeton American Trust, Inc.
Prospectus dated May 1, 1994
(as previously supplemented September 16, 1994 and
March 20, 1995)
The discussion under "MANAGEMENT OF THE FUND - INVESTMENT MANAGER" is amended
by deleting the tenth sentence through the end of the fourth paragraph and
inserting the following text:
Mr. James E. Chaney and Mr. William T. Howard, Jr. also exercise
significant portfolio management responsibilities with respect to the
Fund. Mr. Chaney is Senior Vice President of the Investment Manager.
Prior to joining the Templeton organization in 1991, Mr. Chaney spent six
years with GE Investments, where he was vice president of international
equities. In that capacity he had numerous research responsibilities and
also managed several accounts, including a mutual fund. He also has
another seven years' experience as an international consulting engineer
and project manager for Camp, Dresser & McKee, Inc. and American British
Consultants. Mr. Howard is Vice President of the Investment Manager.
Before joining the Templeton organization in 1993, Mr. Howard was a
portfolio manager and analyst with Tennessee Consolidated Retirement
System, in Nashville, Tennessee, where he was responsible for research and
management of the international equity portfolio and specialized in the
Japanese equity market. Further information concerning the Investment
Manager is included under the heading "Investment Management and Other
Services" in the SAI.
March 28, 1995 TL700 STKR2 03/95
