TEMPLETON DEVELOPING MARKETS TRUST, 497, 1995-09-29

TEMPLETON DEVELOPING MARKETS TRUST
497, 1995-09-29

Previous: FIRST TRUST COMBINED SERIES 143, 485BPOS, 1995-09-29

Next: NUVEEN MICHIGAN QUALITY INCOME MUNICIPAL FUND INC, NSAR-B, 1995-09-29



                                  SUPPLEMENT TO THE PROSPECTUS

                          PROSPECTUS DATED MAY 1, 1995
                          (AS AMENDED AUGUST 10, 1995)

                       Templeton Developing Markets Trust

                                       * * *


The following language  supplements the discussion under "INVESTMENT  OBJECTIVES
AND POLICIES" and "MANAGEMENT OF THE FUND - INVESTMENT MANAGER":

The Fund's investment manager, Templeton Investment Management (Hong  Kong)
Limited,  has been reorganized as the Hong Kong office of Templeton Investment
Management (Singapore) Pte Ltd. ("Investment  Manager"), 20 Raffles Place, 
Ocean Towers, Singapore.  The Investment Manager is an indirect wholly owned 
subsidiaries of Franklin  Resources,  Inc.  ("Franklin").  Through its 
subsidiaries, Franklin is engaged in various aspects of the financial 
services industry.





September 29, 1995                                         TL711 STKR 09/95