198 STKP1
198 STKPA
SUPPLEMENT DATED FEBRUARY 27, 1998
TO THE PROSPECTUSES OF
FRANKLIN SMALL CAP GROWTH FUND
FRANKLIN SMALL CAP GROWTH FUND - ADVISOR CLASS
DATED SEPTEMBER 1, 1997
The prospectus is amended as follows:
The section "WHO MANAGES THE FUND? - MANAGEMENT TEAM" is replaced in its
entirety with the following:
MANAGEMENT TEAM. The team responsible for the day-to-day management of the
Fund's portfolio is: Mr. Jamieson since inception and Mr. McCarthy since
1993.
Edward B. Jamieson
Senior Vice President of Advisers
Mr. Jamieson holds a Masters degree in Accounting and Finance from the
University of Chicago Graduate School of Business and a Bachelor of Arts
degree from Bucknell University. He has been with the Franklin Templeton
Group since 1987.
Michael McCarthy
Portfolio Manager of Advisers
Mr. McCarthy holds a Bachelor of Arts degree in History from the University
of California at Los Angeles. He has been with the Franklin Templeton Group
since 1992.
