oFTIT STKPA
SUPPLEMENT DATED JULY 1, 1998
TO THE PROSPECTUS OF
FRANKLIN TEMPLETON INTERNATIONAL TRUST - ADVISOR CLASS
DATED MARCH 1, 1998
The prospectus is amended as follows:
I. The section "Management Team" found under "Who Manages the Fund?" is revised
to add Juan J. Benito to the Smaller Companies Fund management team, effective
July 1997, and to add the following:
Juan J. Benito
Portfolio Manager of Investment Counsel
Mr. Benito is currently a portfolio manager and research analyst with
Templeton Investment Counsel, Inc. He holds an MBA degree from the Harvard
Business School and a BS/MS degree in engineering from the Polytechnical
University of Valencia, Spain. Prior to joining the Templeton organization in
1996, Mr. Benito was a management consultant and case team leader with
Monitor Company, a leading global strategy consulting firm in Cambridge,
Massachusetts (1994-1996). His previous experience includes being an internal
planning consultant with Duke Power (1993-1994), a business development
consultant with IBM Consulting Group (1992), and a regional manager with
Iberdrola, a large power utility company in Spain (1987-1991). Mr. Benito's
research responsibilities include coverage of European small cap companies.
II. The first paragraph under "How Is the Trust Organized?" is replaced with the
following paragraph:
Each Fund is a diversified series of Franklin Templeton International Trust
(the "Trust"), an open-end management investment company, commonly called a
mutual fund. It was organized as a Delaware business trust on March 22, 1991,
and is registered with the SEC. As of January 1, 1997, the Smaller Companies
Fund began offering a new class of shares designated Templeton Foreign
Smaller Companies Fund - Advisor Class. All shares outstanding before the
offering of Advisor Class shares have been designated Templeton Foreign
Smaller Companies Fund - Class I. As of July 1, 1998, the Smaller Companies
Fund began offering a new class of shares designated Templeton Foreign
Smaller Companies Fund - Class II. As of January 1, 1997, the Pacific Growth
Fund began offering two new classes of shares designated Templeton Pacific
Growth Fund - Class II and Templeton Pacific Fund - Advisor Class. All shares
outstanding before the offering of Class II and Advisor Class shares have
been designated Templeton Pacific Growth Fund - Class I.
III. The following term and definition is revised in the section "Useful Terms
and Definitions":
CLASS I, CLASS II AND ADVISOR CLASS - The Fund offers three classes of
shares, designated "Class I," "Class II," and "Advisor Class." The three
classes have proportionate interests in the Fund's portfolio. They differ,
however, primarily in their sales charge and expense structures.
