FRANKLIN STRATEGIC SERIES
497, 1997-01-10
Previous: FRANKLIN STRATEGIC SERIES, N-30D, 1997-01-10
Next: LOOMIS SAYLES FUNDS, 497, 1997-01-10






          SUPPLEMENT TO THE PROSPECTUSES DATED JANUARY 1, 1997 
                 FRANKLIN STRATEGIC MORTGAGE PORTFOLIO
           DATED FEBRUARY 1, 1996 AS PREVIOUSLY SUPPLEMENTED
                  MARCH 28, 1996 AND JULY 1, 1996
                     FRANKLIN BLUE CHIP FUND
                       DATED JUNE 3, 1996

I. The discussion under "How Do I Buy Shares? - Rights of Accumulation" is
amended by replacing it with the following text:

 To determine if you may pay a reduced sales charge, the amount of your current
 purchase is added to the cost or current value, whichever is higher, of your
 shares in other Franklin Templeton Funds, as well as those of your spouse,
 children under the age of 21 and grandchildren under the age of 21. If you are
 the sole owner of a company, you may also add any company accounts, including
 retirement plan accounts. Companies with one or more retirement plans may add
 together the total plan assets invested in the Franklin Templeton Funds to
 determine the sales charge that applies.

II. The discussion under "How Do I Buy Shares? - Purchases at Net Asset Value"
is amended by adding the following new item as the last item in the list of
investors qualified to purchase shares at Net Asset Value:

 o Investors exchanging Advisor Class shares from any of the Franklin Templeton
 Funds, or, beginning on or about May 1, 1997, Class Z shares of Mutual Series

III. The discussion under "What If My Investment Outlook Changes? - Exchange
Privilege" is amended by replacing the first sentence in the second paragraph
with the following text:

 You may only exchange shares within the same class. Because the Fund does not
 offer Advisor Class shares, Advisor Class shares of any Franklin Templeton Fund
 may be exchanged for shares of the Fund at Net Asset Value. Beginning on or
 about May 1, 1997, Class Z shares of Mutual Series may also be exchanged into
 shares of the Fund.

January 1, 1997


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission