FSS2 P-2
SUPPLEMENT DATED JANUARY 8, 2001
TO THE PROSPECTUS OF
FRANKLIN STRATEGIC SERIES
(FSS2-FRANKLIN BIOTECHNOLOGY DISCOVERY, TECHNOLOGY, GLOBAL HEALTH CARE,
GLOBAL COMMUNICATIONS AND NATURAL RESOURCES FUNDS)
DATED SEPTEMBER 1, 2000
The prospectus is amended as follows:
I. The "Management" section on page 10 is replaced with the following:
MANAGEMENT
Franklin Advisers, Inc. (Advisers), 777 Mariners Island Blvd., San
Mateo, CA 94403, is the Fund's investment manager. Together, Advisers
and its affiliates manage over $220 billion in assets.
The team responsible for the Fund's management is:
EVAN MCCULLOCH CFA, VICE PRESIDENT OF ADVISERS
Mr. McCulloch has been a manager of the Fund since 1997. He joined
Franklin Templeton Investments in 1992.
The Fund pays Advisers a fee for managing the Fund's assets. For the
fiscal year ended April 30, 2000, the Fund paid 0.47% of its average daily
net assets to the manager for its services.
II. The "Management" section on page 30 is replaced with the following:
MANAGEMENT
Franklin Advisers, Inc. (Advisers), 777 Mariners Island Blvd., San
Mateo, CA 94403, is the Fund's investment manager. Together, Advisers
and its affiliates manage over $220 billion in assets.
The team responsible for the Fund's management is:
EVAN MCCULLOCH CFA, VICE PRESIDENT OF ADVISERS
Mr. McCulloch has been a manager of the Fund since 1994. He joined
Franklin Templeton Investments in 1992.
RUPERT H. JOHNSON, JR., PRESIDENT OF ADVISERS
Mr. Johnson has been a manager of the Fund since 1992. He joined
Franklin Templeton Investments in 1965.
The Fund pays Advisers a fee for managing the Fund's assets. For the
fiscal year ended April 30, 2000, management fees, before any advance
waiver were 0.62% of the Fund's average daily net assets. Under an
agreement by the manager to reduce its fees to reflect reduced services
resulting from the Fund's investment in a Franklin Templeton money fund,
the Fund paid 0.61% of its average daily net assets to the manager for its
services. This reduction is required by the Fund's Board of Trustees and
an order by the Securities and Exchange Commission.
Please keep this supplement for future reference.