FRANKLIN TEMPLETON JAPAN FUND
SUPPLEMENT TO THE CLASS I PROSPECTUS
Prospectus dated August 1, 1996
I. As of January 1, 1997 the Fund began offering a new class of shares,
designated "Advisor Class." All Fund shares outstanding before the offering of
Advisor Class shares have been designated as Class I shares, and will retain
their previous rights and privileges. This Prospectus describes Class I shares.
Class I and Advisor Class shares differ as to sales charges, expenses and
services. Different fees and expenses will affect performance. Advisor Class
shares are described in a separate prospectus relating only to that class. For
more information concerning Advisor Class shares of the Fund, contact your
investment representative or Distributors. Additional classes of shares may be
offered in the future.
Shares of each class represent proportionate interests in the assets of the Fund
and have the same voting and other rights and preferences as the other class of
the Fund on matters that affect the Fund as a whole. For matters that only
affect one class, however, only shareholders of that class may vote. Each class
will vote separately on matters (1) affecting only that class, (2) expressly
required to be voted on separately by state law, or (3) required to be voted on
separately by the 1940 Act.
II. The discussion under "HOW DO I BUY SHARES? - CUMULATIVE QUANTITY
DISCOUNTS" is amended by replacing it with the following text:
To determine if you may pay a reduced sales charge, the amount of your
current purchase is added to the cost or current value, whichever is
higher, of your shares in other Franklin Templeton Funds, as well as
those of your spouse, children under the age of 21 and grandchildren
under the age of 21. If you are the sole owner of a company, you may also
add any company accounts, including retirement plan accounts. Companies
with one or more retirement plans may add together the total plan assets
invested in the Franklin Templeton Funds to determine the sales charge
that applies.
January 16, 1997 TL417 STKR5 01/97
