o FTIT P-2
SUPPLEMENT DATED SEPTEMBER 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no longer applicable.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 2000. He joined the Franklin
Templeton Group in 1996. Previously, he worked for Aeltus Investment
Management.
IV. The section "Minimum investments" on page 29 is replaced with the
following:
MINIMUM INVESTMENTS
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INITIAL ADDITIONAL
--------------------------------------------------------------------------------
Regular accounts $1,000 $50
--------------------------------------------------------------------------------
Automatic investment plans $50 ($25 for an $50 ($25 for
Education IRA) an Education
IRA)
--------------------------------------------------------------------------------
UGMA/UTMA accounts $100 $50
--------------------------------------------------------------------------------
Retirement accounts
(other than IRAs, IRA rollovers, Education no minimum no minimum
IRAs or Roth IRAs)
--------------------------------------------------------------------------------
IRAs, IRA rollovers, Education IRAs or Roth $250 $50
IRAs
--------------------------------------------------------------------------------
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.
V. 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.
VI. The following is added to the section "Buying shares" on page 30:
--------------------------------------------------------------------------------
[Insert graphic of phone] If you have another Before requesting a
BY PHONE Franklin Templeton fund telephone purchase,
account with your bank please make sure we
(Up to $100,000 per day) account information on have your bank account
file, you may open a new information on file. If
1-800/632-2301 account by phone. we do not have this
information, you will
To make a same day need to send written
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
New York Stock Exchange, or savings account
whichever is earlier. deposit 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.
--------------------------------------------------------------------------------
VII. 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.
VIII. 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.
IX. 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).
X. 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
three lightning bolts] sent to a bank account. See the policies above for
BY ELECTRONIC FUNDS selling shares by 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.
--------------------------------------------------------------------------------
XI. 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.
XII. 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.
XIII. 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.
This page intentionally left blank.
o FTIT PA-2
SUPPLEMENT DATED SEPTEMBER 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 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 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.
V. 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
information on file, account information
(Up to $100,000 per you may open a new on file. If we do not
day) account by phone. have this
information, you will
1-800/632-2301 To make a same day need to send written
investment, please instructions with
call us by 1:00 p.m. your bank's name and
Pacific time or the address, a voided
close of the New York check or savings
Stock Exchange, account deposit slip,
whichever is earlier. and a signature
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.
----------------------------------------------------------------------
VI. 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.
VII. 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.
VIII. 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.
IX. 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).
X. In the Selling Shares table on page 27 the section "By Electronic Funds
Transfer (ACH)" is replaced with the following:
----------------------------------------------------------------------------
[Insert graphic of You can call or write to have redemption
three lightning proceeds sent to a bank account. See the
bolts] policies above for selling shares by mail or
phone.
BY ELECTRONIC FUNDS
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.
---------------------------------------------------------------------------
XI. 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.
XII. 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.
