SUPPLEMENT TO THE PROSPECTUS
Prospectus dated August 1, 1996
(as previously supplemented October 1, 1996)
TEMPLETON REGION FUNDS
TEMPLETON GREATER EUROPEAN FUND
The discussion under "WHO MANAGES THE FUNDS? - PORTFOLIO MANAGEMENT" is amended
by replacing the first two paragraphs with the following text:
Greater European Fund is managed by Jeffrey A. Everett, Richard Sean Farrington
and Mark G. Holowesko. Mr. Everett is an executive vice president of the
Investment Manager. He holds a BS in finance from Pennsylvania State University
and is also a Chartered Financial Analyst. He joined the Templeton organization
in 1989 and is responsible for managing several offshore accounts at Templeton,
as well as several Templeton funds. Mr. Everett's global research
responsibilities encompass industry coverage for broadcasting, advertising,
publishing and real estate, and ountry responsibilities for Italy and
Australia. Prior to joining the Templeton organization, Mr. Everett was an
investment officer at First Pennsylvania Investment Research, a division of
First Pennsylvania Corporation, where he analyzed equity and convertible
securities. He also coordinated research for Centre Square Investment Group, the
pension management subsidiary of First Pennsylvania Corporation. Mr. Farrington
is a vice president of the Investment Manager. He holds a BA in economics from
Harvard University. Mr. Farrington is a Chartered Financial Analyst and is
currently the president of the Bahamas Society of Financial Analysts. He joined
the Templeton organization in 1991 and is currently a research analyst and
portfolio manager. Mr. Farrington's current research responsibilities include
global industry coverage of the electrical equipment industries, as well as
non-U.S. electric utilities. He is also responsible for country coverage of Hong
Kong, China and Taiwan. Mr. Holowesko is president of the Investment Manager. He
holds a BA in economics from Holy Cross College and an MBA from Babson College.
He is a Chartere Financial Analyst, Chartered Investment Counselor, and a
director and founding member of the International Society of Financial Analysts.
Prior to joining the Templeton organization, Mr. Holowesko worked with RoyWest
Trust Corporation (Bahamas) Limited as an investment analyst. His duties at
RoyWest included managing trust and individual accounts, as well as equity
market research worldwide. Mr. Holowesko is responsible for coordinating equity
research worldwide for the Investment Manager and managing several mutual funds.
October 31, 1996 TLGIT STKPM 11/96
