SUPPLEMENT TO THE PROSPECTUS
Prospectus dated May 1, 1995
Templeton Global Rising Dividends Fund
On May 4, 1995, the Fund's Shareholders approved a change to the
Fund's investment objective from capital appreciation to a
combination of income and capital appreciation. The Shareholders
also approved a change to the name of the Fund from Templeton
Global Rising Dividends Fund to Templeton Growth and Income Fund to
reflect the change in investment objective. These changes are
effective upon completion of regulatory filings, which is expected
to be during the third quarter of 1995.
Under the new investment objective, the Fund is not subject to the
policy of investing at least 65% of its total assets in equity
securities of companies that meet the following criteria:
consistent dividend increases, reinvested earnings, prospects for
future earnings growth, and a strong balance sheet. While these
factors may be considered by the Investment Manager in selecting
equity investments for the Fund, under the new investment objective
(and as reflected in the new name), the Investment Manager would
have the flexibility to select equity securities without reference
to specific criteria as to the security's dividend paying history.
Additionally, the Fund can invest in debt securities for the
purpose of generating current income, as well as for capital
appreciation, if any, and without limitation as to the percentage
of the Fund's assets invested in debt securities. Under the new
investment objective, the percentage of the Fund's assets invested
in equity or debt securities would vary from time to time, based on
the Investment Manager's assessment of the relative total return
potential of various investment vehicles.
May 4, 1995 TL414 STKR1 05/95
