oFSS SAIP
SUPPLEMENT DATED JANUARY 1, 1998
TO THE STATEMENT OF ADDITIONAL
INFORMATION OF
FRANKLIN NATURAL RESOURCES FUND
DATED SEPTEMBER 1, 1997
The statement of additional information is amended to replace the first
paragraph in the section "The Rule 12b-1 Plan," found under "The Fund's
Underwriter," with the following:
The Fund has adopted a distribution plan or "Rule 12b-1 plan" pursuant to Rule
12b-1 of the 1940 Act for its Class I shares. Under the plan, the Fund may pay
up to a maximum of 0.35% per year of its average daily net assets, payable
quarterly, for expenses incurred in the promotion and distribution of Class I
shares. Of this amount, the Fund may reimburse up to 0.35% to Distributors or
others, out of which 0.10% will generally be retained by Distributors for its
distribution expenses.
