TLGIT STKP2
TLGIT STKPZ
PROSPECTUS SUPPLEMENT
DATED JUNE 10, 1997
TEMPLETON REGION FUNDS
Templeton Latin America Fund - Class I and Class II
dated August 1, 1996
Templeton Latin America Fund - Advisor Class
dated January 1, 1997
The discussion under "WHO MANAGES THE FUNDS? - PORTFOLIO MANAGEMENT" is amended
by replacing the paragraphs regarding Templeton Latin America Fund with the
following text:
The lead portfolio manager of Latin America Fund since June 1997 is Mark R.
Beveridge. Mr. Beveridge is a senior vice president of Latin America Fund's
Investment Manager. He holds a BBA in finance from the University of Miami. He
is a Chartered Financial Analyst and a Chartered Investment Counselor, and a
member of the South Florida Society of Financial Analysts and the International
Society of Financial Analysts. Before joining the Templeton organization in 1985
as a security analyst, Mr. Beveridge was a principal with a financial accounting
software firm based in Miami, Florida. He is currently a portfolio manager and
research analyst with responsibility for appliances and household durables,
industrial components, waste management and business and public services. He
also has country coverage of Argentina.
Howard J. Leonard and Gary R. Clemons exercise secondary portfolio management
responsibilities for Latin America Fund. Mr. Leonard is an executive vice
president of Latin America Fund's Investment Manager. He holds a BBA in
finance/economics from the Temple University School of Business Administration.
Mr. Leonard is a Chartered Financial Analyst and a member of the Financial
Analysts of Philadelphia, the Financial Analysts Federation and the
International Society of Security Analysts. Before joining the Templeton
organization in 1989, Mr. Leonard was director of investment research at First
Pennsylvania Bank, where he was responsible for equity and fixed-income research
activities. Mr. Leonard also worked previously at Provident National Bank as a
security analyst covering a variety of industries. Mr. Leonard currently manages
both institutional and mutual fund accounts of global and international
mandates. He has research responsibility for the non-U.S. forest products/paper
and investment management industries, and also follows the following countries:
Brazil, Indonesia and Switzerland. Mr. Clemons is a senior vice president of
Latin America Fund's Investment Manager. He holds a BS from the University of
Nevada - Reno and an MBA with emphases in finance and investment banking from
the University of Wisconsin - Madison. He joined Latin America Fund's Investment
Manager in 1993. Prior to that time he was a research analyst at Templeton
Quantitative Advisors, Inc. in New York, where he was also responsible for
management of a small capitalization fund. As a research analyst with Templeton,
Mr. Clemons has responsibility for the telecommunications industry and country
coverage of Colombia, Norway, Peru and Sweden.
