o FTIT P-3
SUPPLEMENT DATED DECEMBER 1, 2000
TO THE PROSPECTUS OF
FRANKLIN TEMPLETON INTERNATIONAL TRUST
(TEMPLETON FOREIGN SMALLER COMPANIES FUND AND TEMPLETON PACIFIC GROWTH FUND)
DATED MARCH 1, 2000
The prospectus is amended as follows:
I. All references to Franklin Templeton Trust Company in this prospectus are
replaced with Franklin Templeton Bank & Trust.
II. All references to the $5.00 exchange fee applicable to market timers are
no longer applicable.
III. The "Management" section on page 10 is replaced with the following:
[Insert graphic of briefcase] MANAGEMENT
------------------------------------------------------------------------
Franklin Advisers, Inc. (Advisers), 777 Mariners Island Blvd., San
Mateo, CA 94404, is the fund's investment manager. Advisers and its
affiliates manage over $229 billion in assets.
Under an agreement with Advisers, Templeton Investment Counsel, Inc.
(Investment Counsel), 500 East Broward Boulevard, Ft. Lauderdale, FL
33394, is the fund's sub-advisor. Investment Counsel provides Advisers
with investment management advice and assistance.
The team responsible for the fund's management is:
SIMON RUDOLPH, SENIOR VICE PRESIDENT OF INVESTMENT COUNCIL
Mr. Rudolph has been a manager of the fund since 1997. He joined the
Franklin Templeton Group in 1997. Previously, he was an executive
director with Morgan Stanley.
TUCKER SCOTT CFA, VICE PRESIDENT OF INVESTMENT COUNCIL
Mr. Scott has been a manager of the fund since September, 2000. He
joined the Franklin Templeton Group in 1996. Previously, he worked for
Aeltus Investment Management.
The fund pays the manager a fee for managing the fund's assets. For
the fiscal year ended October 31, 1999, the fund paid 0.98% of its
average daily net assets.
IV. The "Management" section on page 20 is replaced with the following:
[Insert graphic of briefcase] MANAGEMENT
------------------------------------------------------------------------
Franklin Advisers, Inc. (Advisers), 777 Mariners Island Blvd., San
Mateo, CA 94404, is the fund's investment manager. Together, Advisers
and its affiliates manage over $229 billion in assets.
Beginning November 1, 2000 under an agreement with Advisers, Templeton
Asset Management Ltd. - Hong Kong branch (Asset Management Hong Kong),
Two Exchange Square, Hong Kong, is the fund's sub-advisor. Asset
Management Hong Kong provides Advisers with investment management
advice and assistance.
The team responsible for the fund's management is:
SIMON RUDOLPH, SENIOR VICE PRESIDENT OF ASSET MANAGEMENT HONG KONG
Mr. Rudoph has been a manager of the fund since November, 2000, when
he joined the Franklin Templeton Group in 1997. Previously, he was an
executive director with Morgan Stanley.
NICOLA DANIEL, PORTFOLIO MANAGER
Ms. Daniel has been a manager of the fund since November, 2000. She
joined the Franklin Templeton Group in 1997. Previously, she was a
consultant and research associate for International Management &
Development Group LTD.
Peter Wilmshurst, portfolio manager
Mr. Wilmshurst has been a manager of the fund since November, 2000. He
joined the Franklin Templeton Group in 1998. Previously, he was a
research analyst and portfolio manager for Norwich Investment
Management, Ltd.
The fund pays the manager a fee for managing the fund's assets. For
the fiscal year ended October 31, 1999, the fund paid 1.00% of its
average daily net assets to the manager.
V. The section "Minimum investments" on page 29 is replaced with the
following:
MINIMUM INVESTMENTS
------------------------------------------------------------------------------
INITIAL ADDITIONAL
------------------------------------------------------------------------------
Regular accounts $1,000 $50
------------------------------------------------------------------------------
Automatic investment plans $50 ($25 for an $50 ($25 for an
Education IRA) Education IRA)
------------------------------------------------------------------------------
UGMA/UTMA accounts $100 $50
------------------------------------------------------------------------------
Retirement accounts
(other than IRAs, IRA rollovers,
Education IRAs or Roth IRAs) no minimum no minimum
------------------------------------------------------------------------------
IRAs, IRA rollovers, Education IRAs or
Roth IRAs $250 $50
------------------------------------------------------------------------------
Broker-dealer sponsored wrap
account programs $250 $50
------------------------------------------------------------------------------
Full-time employees, officers, trustees
and directors of Franklin Templeton entities,
and their immediate family members $100 $50
------------------------------------------------------------------------------
PLEASE NOTE THAT YOU MAY ONLY BUY SHARES OF A FUND ELIGIBLE FOR SALE IN YOUR
STATE OR JURISDICTION.
VI. The section "Account Application" on page 30 is replaced with the
following:
ACCOUNT APPLICATION If you are opening a new account, please complete and
sign the enclosed account application. Make sure you indicate the share
class you have chosen. If you do not indicate a class, we will place your
purchase in Class A shares. To save time, you can sign up now for services
you may want on your account by completing the appropriate sections of the
application (see "Investor Services" on page 31). For example, if you would
like to link one of your bank accounts to your fund account so that you may
use electronic fund transfers to and from your bank account to buy and sell
shares, please complete the bank information section of the application. We
will keep your bank information on file for future purchases and redemptions.
VII. The following is added to the section "Buying shares" on page 30:
--------------------------------------------------------------------------------
[Insert graphic of If you have another Before requesting a
phone] Franklin Templeton fund telephone purchase,
account with your bank please make sure we have
BY PHONE account information on your bank account
file, you may open a new information on file. If
(Up to $100,000 per account by phone. we do not have this
day) information, you will
To make a same day need to send written
1-800/632-2301 investment, please call instructions with your
us by 1:00 p.m. Pacific bank's name and address,
time or the close of the a voided check or
New York Stock Exchange, savings account deposit
whichever is earlier. slip, and a signature
guarantee if the bank
and fund accounts do not
have at least one common
owner.
To make a same day
investment, please call
us by 1:00 p.m. Pacific
time or the close of the
New York Stock Exchange,
whichever is earlier.
--------------------------------------------------------------------------------
VIII. The section "Automatic Investment Plan" on page 31 is replaced with the
following:
AUTOMATIC INVESTMENT PLAN This plan offers a convenient way for you to
invest in a fund by automatically transferring money from your checking or
savings account each month to buy shares. To sign up, complete the
appropriate section of your account application and mail it to Investor
Services. If you are opening a new account, please include the minimum
initial investment of $50 ($25 for an Education IRA) with your application.
IX. The section "Telephone Privileges" on page 32 is replaced with the
following:
TELEPHONE PRIVILEGES You will automatically receive telephone privileges
when you open your account, allowing you and your investment representative
to buy, sell or exchange your shares and make certain other changes to your
account by phone.
For accounts with more than one registered owner, telephone privileges also
allow the fund to accept written instructions signed by only one owner for
transactions and account changes that could otherwise be made by phone. For
all other transactions and changes, all registered owners must sign the
instructions. In addition, our telephone exchange privilege allows you to
exchange shares by phone from a fund account requiring two or more
signatures into an identically registered money fund account requiring only
one signature for all transactions. This type of telephone exchange is
available as long as you have telephone exchange privileges on your account.
As long as we take certain measures to verify telephone requests, we will
not be responsible for any losses that may occur from unauthorized requests.
Of course, you can decline telephone purchase, exchange or redemption
privileges on your account application.
X. The last paragraph of the "Exchange Privilege" section on page 32 is
replaced with the following:
Because excessive trading can hurt fund performance, operations and
shareholders, each fund, effective November 1, 2000, reserves the right to
revise or terminate the exchange privilege, limit the amount or number of
exchanges, reject any exchange, or restrict or refuse purchases if (i) the
fund or its manager believes the fund would be harmed or unable to invest
effectively, or (ii) the fund receives or anticipates simultaneous orders
that may significantly affect the fund (please see "Market Timers" on page
37).
XI. In the Selling Shares table on page 35 the section "By Electronic Funds
Transfer (ACH)" is replaced with the following:
--------------------------------------------------------------------------------
[Insert graphic of You can call or write to have redemption proceeds sent
three to a bank account. See the policies above for selling
lightning bolts] shares by mail or phone.
BY ELECTRONIC FUNDS Before requesting to have redemption proceeds sent to
TRANSFER (ACH) a bank account, please make sure we have your bank
account information on file. If we do not have this
information, you will need to send written
instructions with your bank's name and address, a
voided check or savings account deposit slip, and a
signature guarantee if the bank and fund accounts do
not have at least one common owner.
If we receive your request in proper form by 1:00 p.m.
Pacific time, proceeds sent by ACH generally will be
available within two to three business days.
--------------------------------------------------------------------------------
XII. The section "Market Timers" on page 37 is replaced with the following:
MARKET TIMERS The Templeton Foreign Smaller Companies Fund may restrict or
refuse purchases or exchanges by Market Timers. The Templeton Pacific Growth
Fund does not allow investments by Market Timers. You may be considered a
Market Timer if you have (i) requested an exchange out of any of the
Franklin Templeton funds within two weeks of an earlier exchange request out
of any fund, or (ii) exchanged shares out of any of the Franklin Templeton
funds more than twice within a rolling 90 day period, or (iii) otherwise
seem to follow a market timing pattern that may adversely affect the fund.
Accounts under common ownership or control with an account that is covered
by (i), (ii), or (iii) are also subject to these limits.
Anyone, including the shareholder or the shareholder's agent, who is
considered to be a Market Timer by the fund, its manager or shareholder
services agent, will be issued a written notice of their status and the
fund's policies. Identified Market Timers will be required to register with
the market timing desk of Franklin Templeton Investor Services, Inc., and to
place all purchase and exchange trade requests through the desk. Some funds
do not allow investments by Market Timers.
XIII. The first category in the section "Additional Policies" on page 37 is
revised to read:
o The funds may restrict or refuse any order to buy shares, including any
purchase under the exchange privilege.
XIV. The following paragraph is added to the section "Dealer Compensation" on
page 38:
MARKET TIMERS. Please note that for Class A NAV purchases by market timers,
including purchases of $1 million or more, dealers are not eligible to
receive the dealer commission. Dealers, however, may be eligible to receive
the 12b-1 fee from the date of purchase.
Please keep this supplement for future reference.
o FTIT PA-3
SUPPLEMENT DATED DECEMBER 1, 2000
TO THE PROSPECTUS OF
FRANKLIN TEMPLETON INTERNATIONAL TRUST
(TEMPLETON FOREIGN SMALLER COMPANIES FUND AND TEMPLETON PACIFIC GROWTH FUND -
ADVISOR CLASS)
DATED MARCH 1, 2000
The prospectus is amended as follows:
I. All references to Franklin Templeton Trust Company in this prospectus are
replaced with Franklin Templeton Bank & Trust.
II. All references to the $5.00 exchange fee applicable to market timers are
no longer applicable.
III. The "Management" section on page 9 is replaced with the following:
[Insert graphic of briefcase] MANAGEMENT
------------------------------------------------------------------------
Franklin Advisers, Inc. (Advisers), 777 Mariners Island Blvd., San
Mateo, CA 94404, is the fund's investment manager. Advisers and its
affiliates manage over $229 billion in assets.
Under an agreement with Advisers, Templeton Investment Counsel, Inc.
(Investment Counsel), 500 East Broward Boulevard, Ft. Lauderdale, FL
33394, is the fund's sub-advisor. Investment Counsel provides Advisers
with investment management advice and assistance.
The team responsible for the fund's management is:
SIMON RUDOLPH, SENIOR VICE PRESIDENT OF INVESTMENT COUNSEL
Mr. Rudolph has been a manager of the fund since 1997. He joined the
Franklin Templeton Group in 1997. Previously, he was an executive
director with Morgan Stanley.
TUCKER SCOTT CFA, VICE PRESIDENT OF INVESTMENT COUNSEL
Mr. Scott has been a manager of the fund since September, 2000. He
joined the Franklin Templeton Group in 1996. Previously, he worked for
Aeltus Investment Management.
The fund pays Advisers a fee for managing the fund's assets. For the
fiscal year ended October 31, 1999, the fund paid 0.98% of its average
daily net assets to the manager for its services.
IV. The "Management" section on page 18 is replaced with the following:
[Insert graphic of briefcase] MANAGEMENT
------------------------------------------------------------------------
Franklin Advisers, Inc. (Advisers), 777 Mariners Island Blvd., San
Mateo, CA 94404, is the fund's investment manager. Together, Advisers
and its affiliates manage over $229 billion in assets.
Beginning November 1, 2000 under an agreement with Advisers, Templeton
Asset Management Ltd. - Hong Kong branch (Asset Management Hong Kong),
Two Exchange Square, Hong Kong, is the fund's sub-advisor. Asset
Management Hong Kong provides Advisers with investment management
advice and assistance.
The team responsible for the fund's management is:
SIMON RUDOLPH, SENIOR VICE PRESIDENT OF ASSET MANAGEMENT HONG KONG
Mr. Rudoph has been a manager of the fund since November, 2000, when
he joined the Franklin Templeton Group in 1997. Previously, he was an
executive director with Morgan Stanley.
NICOLA DANIEL, PORTFOLIO MANAGER
Ms. Daniel has been a manager of the fund since November, 2000. She
joined the Franklin Templeton Group in 1997. Previously, she was a
consultant and research associate for International Management &
Development Group LTD.
PETER WILMSHURST, PORTFOLIO MANAGER
Mr. Wilmshurst has been a manager of the fund since November, 2000. He
joined the Franklin Templeton Group in 1998. Previously, he was a
research analyst and portfolio manager for Norwich Investment
Management, Ltd.
The fund pays the manager a fee for managing the fund's assets. For
the fiscal year ended October 31, 1999, the fund paid 1.00% of its
average daily net assets to the manager.
V. The section "Account Application" on page 23 is replaced with the
following:
ACCOUNT APPLICATION If you are opening a new account, please complete and
sign the enclosed account application. To save time, you can sign up now for
services you may want on your account by completing the appropriate sections
of the application (see "Investor Services" on page 24). For example, if you
would like to link one of your bank accounts to your fund account so that
you may use electronic fund transfers to and from your bank account to buy
and sell shares, please complete the bank information section of the
application. We will keep your bank information on file for future purchases
and redemptions.
VI. The following is added to the section "Buying shares" on page 23:
------------------------------------------------------------------------------
[Insert graphic of If you have another Before requesting a
phone] Franklin Templeton telephone purchase,
account with your please make sure we
By Phone bank account have your bank account
information on file, information on file.
(Up to $100,000 per you may open a new If we do not have this
day) account by phone. information, you will
need to send written
1-800/632-2301 To make a same day instructions with your
investment, please bank's name and
call us by 1:00 p.m. address, a voided
Pacific time or the check or savings
close of the New account deposit slip,
York Stock Exchange, and a signature
whichever is earlier. guarantee if the
ownership of the bank
and fund accounts do
not have at least one
common owner.
To make a same day
investment, please call
us by 1:00 p.m. Pacific
time or the close of
the New York Stock
Exchange, whichever is
earlier.
------------------------------------------------------------------------------
VII. The section "Automatic Investment Plan" on page 24 is replaced with the
following:
AUTOMATIC INVESTMENT PLAN This plan offers a convenient way for you to
invest in the fund by automatically transferring money from your checking or
savings account each month to buy shares. To sign up, complete the
appropriate section of your account application and mail it to Investor
Services. If you are opening a new account, please include your minimum
initial investment with your application.
VIII. The following section is added to "Investor Services" on page 24:
AUTOMATIC PAYROLL DEDUCTION You may invest in the fund automatically by
transferring money from your paycheck to the fund by electronic funds
transfer. If you are interested, indicate on your application that you would
like to receive an Automatic Payroll Deduction Program kit.
IX. The section "Telephone Privileges" on page 24 is replaced with the
following:
TELEPHONE PRIVILEGES You will automatically receive telephone privileges
when you open your account, allowing you and your investment representative
to buy, sell or exchange your shares and make certain other changes to your
account by phone.
For accounts with more than one registered owner, telephone privileges also
allow the fund to accept written instructions signed by only one owner for
transactions and account changes that could otherwise be made by phone. For
all other transactions and changes, all registered owners must sign the
instructions. In addition, our telephone exchange privilege allows you to
exchange shares by phone from a fund account requiring two or more
signatures into an identically registered money fund account requiring only
one signature for all transactions. This type of telephone exchange is
available as long as you have telephone exchange privileges on your account.
As long as we take certain measures to verify telephone requests, we will
not be responsible for any losses that may occur from unauthorized requests.
Of course, you can decline telephone purchase, exchange or redemption
privileges on your account application.
X. The last paragraph of the "Exchange Privilege" section on page 25 is
replaced with the following:
Because excessive trading can hurt fund performance, operations and
shareholders, each fund, effective November 1, 2000, reserves the
right to revise or terminate the exchange privilege, limit the amount
or number of exchanges, reject any exchange, or restrict or refuse
purchases if (i) the fund or its manager believes the fund would be
harmed or unable to invest effectively, or (ii) the fund receives or
anticipates simultaneous orders that may significantly affect the fund
(please see "Market Timers" on page 29).
XI. In the Selling Shares table on page 27 the section "By Electronic Funds
Transfer (ACH)" is replaced with the following:
------------------------------------------------------------------------------
[Insert graphic of three You can call or write to have redemption
lightning bolts] proceeds sent to a bank account. See the
policies above for selling shares by
By Electronic Funds mail or phone.
Transfer (ACH)
Before requesting to have redemption
proceeds sent to a bank account, please
make sure we have your bank account
information on file. If we do not have
this information, you will need to send
written instructions with your bank's
name and address, a voided check or
savings account deposit slip, and a
signature guarantee if the bank and Fund
accounts do not have at least one common
owner.
If we receive your request in proper
form by 1:00 p.m. Pacific time, proceeds
sent by ACH generally will be available
within two to three business days.
------------------------------------------------------------------------------
XII. The section "Market Timers" on page 29 is replaced with the following:
MARKET TIMERS The Templeton Foreign Smaller Companies Fund may restrict or
refuse purchases or exchanges by Market Timers. The Templeton Pacific Growth
Fund does not allow investments by Market Timers. You may be considered a
Market Timer if you have (i) requested an exchange out of any of the
Franklin Templeton funds within two weeks of an earlier exchange request out
of any fund, or
(ii) exchanged shares out of any of the Franklin Templeton funds more than
twice within a rolling 90 day period, or (iii) otherwise seem to follow a
market timing pattern that may adversely affect the fund. Accounts under
common ownership or control with an account that is covered by (i), (ii), or
(iii) are also subject to these limits.
Anyone, including the shareholder or the shareholder's agent, who is
considered to be a Market Timer by the fund, its manager or shareholder
services agent, will be issued a written notice of their status and the
fund's policies. Identified Market Timers will be required to register with
the market timing desk of Franklin Templeton Investor Services, Inc., and to
place all purchase and exchange trade requests through the desk. Some funds
do not allow investments by Market Timers.
XIII. The first category in the section "Additional Policies" on page 29 is
revised to read:
o The funds may restrict or refuse any order to buy shares, including any
purchase under the exchange privilege.
Please keep this supplement for future reference.
