TL417 STKP
TL417 STKPZ
FRANKLIN TEMPLETON JAPAN FUND
SUPPLEMENT DATED NOVEMBER 21, 1997
TO THE CLASS I AND ADVISOR CLASS PROSPECTUSES,
DATED AUGUST 1, 1997
On October 18, 1997, the Board of Trustees of Franklin Templeton Japan Fund (the
"Fund") unanimously voted, subject to shareholder approval, to liquidate and
dissolve the Fund. It is anticipated that in early 1998 a proxy statement and
proxy will be mailed to shareholders of the Fund seeking their vote in
connection with the liquidation and dissolution of the Fund. Assuming that
shareholders vote to liquidate the Fund, the liquidation will be carried out in
1998. As a result of the decision to pursue liquidation and dissolution of the
Fund, as of the date of this supplement, shares of the Fund are no longer
offered for sale to new investors. Existing shareholders may continue to
reinvest their dividends and distributions in additional shares of the Fund, and
may also purchase additional shares of the Fund.
