TEMPLETON GLOBAL INVESTMENT TRUST
497, 1997-01-17
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                        TEMPLETON GLOBAL INVESTMENT TRUST

                                THE REGION FUNDS:
                         TEMPLETON GREATER EUROPEAN FUND
                          TEMPLETON LATIN AMERICA FUND

                     SUPPLEMENT TO THE CLASS I AND CLASS II
                   STATEMENT OF ADDITIONAL INFORMATION ("SAI")
                            SAI dated August 1, 1996

I. As of January 1, 1997 the Templeton  Greater  European Fund and the Templeton
Latin  America  Fund each  offers a third class of shares,  designated  "Advisor
Class." This SAI describes the Class I and Class II shares of each Fund.

All Fund shares  outstanding  before the  offering of Advisor  Class shares will
retain their previous rights and privileges.

Class I, Class II 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  and SAI  relating  only to that
class. For more information  concerning  Advisor Class,  contact your investment
representative or Distributors.

II.      The discussion under "HOW DO I BUY, SELL AND EXCHANGE SHARES? - LETTER 
OF INTENT" is amended by replacing the fifth sentence of the first paragraph 
with the following text:

           Your holdings in the Franklin Templeton Funds,  acquired more than 90
           days before the Letter is filed,  will be counted towards  completion
           of the  Letter but will not be  entitled  to a  retroactive  downward
           adjustment in the sales charge.

III.     The discussion under "THE FUNDS' UNDERWRITER - THE RULE 12B-1 PLANS" 
is amended by replacing the first paragraph with the following text:

           Each Fund has adopted a distribution plan or "Rule 12b-1 plan" with
           respect to its Class I and Class II shares pursuant to Rule 12b-1 of
           the 1940 Act.

January 17, 1997



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