FTIT 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.
