o FSS1 P-4
SUPPLEMENT DATED FEBRUARY 16, 2000
TO THE PROSPECTUS OF
FRANKLIN STRATEGIC SERIES
(FSS1 P - FRANKLIN AGGRESSIVE GROWTH, BLUE CHIP, CALIFORNIA GROWTH, LARGE CAP
GROWTH, MIDCAP GROWTH AND SMALL CAP GROWTH FUNDS - CLASS A, B & C)
DATED SEPTEMBER 1, 1999
The Board of Trustees has approved: (1) changing the name of the Franklin
Small Cap Growth Fund to the Franklin Small Cap Growth Fund I, effective
May 1, 2000; and (2) closing Class A shares of the Franklin Small Cap Growth
Fund to most new investors. Class C shares, however, will continue to be
available to all eligible investors. After the close of business on April
30, 2000, Class A shares of the Small Cap Fund will ONLY be available to the
following investors:
o CURRENT SHAREHOLDERS: If you are a shareholder of record as of the
close of business on April 30, 2000, you may continue to add to your
account subject to your applicable minimum additional investment amount
or buy additional shares through the reinvestment of dividend or capital
gain distributions.
o RETIREMENT PLANS: Current and new investors in retirement plans.
o WRAP PROGRAMS: Current and new investors in wrap programs.
In addition, the following investor services for Class A shareholders will be
affected:
o SELLING SHARES: While you can sell your shares at any time, please keep
in mind that if you sell all the shares in your account, your account
will be closed and you will not be able to buy additional fund shares or
to reopen your account.
o SYSTEMATIC WITHDRAWAL PLANS: While these plans will continue without
interruption, please keep in mind that if a systematic withdrawal plan
exhausts the shares in your account, your account will be closed and you
will not be able to buy additional fund shares or to reopen your
account.
o EXCHANGE PRIVILEGE: After the close of business on April 30, 2000,
exchanges into Class A shares of the fund from other Franklin Templeton
Funds will be accepted only for investors who qualify to invest in Class
A shares of the fund after April 30, 2000, as described above.
The board reserves the right to modify these services and restrictions at any
time. If you have questions, please call Franklin Templeton Investor
Services at 1-800/632-2301.
Please keep this supplement for future reference.
