TEMPLETON GLOBAL INVESTMENT TRUST
497, 1997-01-02
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                     SUPPLEMENT TO THE CLASS I AND CLASS II
                       STATEMENT OF ADDITIONAL INFORMATION

                        TEMPLETON GLOBAL INVESTMENT TRUST
                         TEMPLETON GREATER EUROPEAN FUND
                          TEMPLETON LATIN AMERICA FUND
                            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 "LETTER OF INTENT - CLASS I" is amended to remove 
the reference to Class II shares.

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

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

January 1, 1997



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