TEMPLETON AMERICAS GOVERNMENT SECURITIES FUND
SUPPLEMENT TO THE PROSPECTUS
Prospectus dated August 1, 1996
I. The discussion under "HOW DO I BUY SHARES? - CUMULATIVE QUANTITY
DISCOUNTS" is amended by replacing it with the following text:
To determine if you may pay a reduced sales charge, the amount of
your current purchase is added to the cost or current value,
whichever is higher, of your shares in other Franklin Templeton
Funds, as well as those of your spouse, children under the age of 21
and grandchildren under the age of 21. If you are the sole owner of a
company, you may also add any company accounts, including retirement
plan accounts. Companies with one or more retirement plans may add
together the total plan assets invested in the Franklin Templeton
Funds to determine the sales charge that applies.
II. The discussion under "HOW DO I BUY SHARES? - SALES CHARGE WAIVERS" is
amended by adding the following new item as the last item under (4.) in the
list of waiver categories:
Exchange Advisor Class shares from any of the Franklin
Templeton Funds, or, beginning on or about May 1, 1997, Class Z
shares of Franklin Mutual Series Fund Inc.
III. The discussion under "MAY I EXCHANGE SHARES FOR SHARES OF ANOTHER FUND? -
EXCHANGE RESTRICTIONS" is amended by replacing the first restriction with the
following text:
You may only exchange shares within the SAME CLASS.*
*Because the Fund does not offer Advisor Class shares, Advisor Class
shares of any Franklin Templeton Fund may be exchanged for shares of
the Fund at Net Asset Value. Beginning on or about May 1, 1997, Class
Z shares of Franklin Mutual Series Fund Inc. may also be exchanged
into shares of the Fund.
January 16, 1997 TL416 STKR5 01/97
