o 711 *SAA
SUPPLEMENT DATED JANUARY 1, 1999
TO THE STATEMENT OF ADDITIONAL INFORMATION OF
TEMPLETON DEVELOPING MARKETS TRUST - ADVISOR CLASS
DATED MAY 1, 1998
The Statement of Additional Information is amended as follows:
I. As of January 1, 1999, the fund offers four classes of shares: Class A,
Class B, Class C and Advisor Class. Before January 1, 1999, Class A
shares were designated Class I. All references in the Statement of
Additional Information to Class I shares are replaced with Class A.
II. The first sentence in the section "Additional Information on Exchanging
Shares," found under "How Do I Buy, Sell and Exchange Shares?", is
replaced with the following:
If you request the exchange of the total value of your account,
declared but unpaid income dividends and capital gain distributions
will be reinvested in the fund and exchanged into the new fund at Net
Asset Value when paid.
III. Under the section "Miscellaneous Information," the following is
added:
The Information Services & Technology division of Resources
established a Year 2000 Project Team in 1996. This team has already
begun making necessary software changes to help the computer systems
that service the fund and its shareholders to be Year 2000 compliant.
After completing these modifications, comprehensive tests are
conducted in one of Resources' U.S. test labs to verify their
effectiveness. Resources continues to seek reasonable assurances from
all major hardware, software or data-services suppliers that they will
be Year 2000 compliant on a timely basis. Resources is also beginning
to develop a contingency plan, including identification of those
mission critical systems for which it is practical to develop a
contingency plan. However, in an operation as complex and
geographically distributed as Resources' business, the alternatives to
use of normal systems, especially mission critical systems, or
supplies of electricity or long distance voice and data lines are
limited.
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IV. In the "Useful Terms and Definitions" section, the definition of "Class
I, Class II and Advisor Class" is replaced with the following:
CLASS A, CLASS B, CLASS C AND ADVISOR CLASS - The fund offers four
classes of shares, designated "Class A," "Class B," "Class C" and
"Advisor Class." The four classes have proportionate interests in the
fund's portfolio. They differ, however, primarily in their sales charge
and expense structures.
Please keep this supplement for future reference.
