To be delivered to residents of
the State of Ohio
SUPPLEMENT TO THE PROSPECTUS
OF THE
FRANKLIN STRATEGIC SERIES
FRANKLIN NATURAL RESOURCES FUND
As required by the Ohio Division of Securities, the information
in the attached prospectus is augmented as follows:
The Franklin Natural Resources Fund ("Fund"), as a non-
diversified open-end management investment company ("mutual
fund") is not restricted by federal law as to the percentage of
its assets that may be invested in the outstanding voting
securities of any one issuer. In compliance with Ohio law,
however, the Fund may not invest more than forty-nine percent in
the voting securities of any one issuer. In addition, under Ohio
law, the Fund may not invest more than fifty percent of its total
assets in the securities of issuers which together with any
predecessors have a record of less than three years continuous
operation or securities of issuers which are restricted as to
disposition, including securities eligible for resale pursuant to
Rule 144A under the Securities Act of 1933 that have been
determined to be liquid by the Board of Trustees based upon the
trading markets for such securities.
