711 STKPA
SUPPLEMENT DATED AUGUST 3, 1998
TO THE PROSPECTUS OF
TEMPLETON DEVELOPING MARKETS TRUST - ADVISOR CLASS
dated May 1, 1998
The prospectus is amended as follows:
I. The second category under "How Do I Buy Shares - Opening Your Account"
discussing the fund's availability to qualified registered investment advisors,
is replaced with the following:
2. Qualified registered investment advisors or certified financial planners
who have clients invested in the Franklin Mutual Series Fund Inc. on October
31, 1996, or who buy through a broker-dealer or service agent who has entered
into an agreement with Distributors, subject to a $1,000 minimum initial and
$50 minimum subsequent investment requirement
II. The following new item is added under "May I Exchanges Shares for Shares of
Another Fund? - Exchange Restrictions":
/bullet/ You must meet the applicable minimum investment amount of the
fund you are exchanging into, or exchange 100% of your Fund
shares
III. The section "Keeping Your Account Open," found under "Transaction
Procedures and Special Requirements," is replaced in its entirety with the
following:
Keeping Your Account Open
Due to the relatively high cost of maintaining a small account, we may close
your account if the value of your shares is less than $250, or less than $50
for employee accounts. We will only do this if the value of your account fell
below this amount because you voluntarily sold your shares and your account
has been inactive (except for the reinvestment of distributions) for at least
six months. Before we close your account, we will notify you and give you 30
days to increase the value of your account to $1,000, or $100 for employee
accounts. These minimums do not apply to IRAs, accounts managed by the
Franklin Templeton Group, the Franklin Templeton Profit Sharing 401(k) Plan,
or the series of Franklin Templeton Fund Allocator Series .
Please keep this supplement for future reference.
