TLGIT STKP1
SUPPLEMENT DATED APRIL 21, 1998
TO THE PROSPECTUS OF
Templeton Region Funds
dated August 1, 1997
The prospectus is amended as follows:
I. The following paragraph is added to the end of the section "Group Purchases -
Class I Only" found under "How Do I Buy Shares? - Sales Charge Reductions and
Waivers":
A qualified group does not include a 403(b) plan that only allows salary
deferral contributions. 403(b) plans that only allow salary deferral
contributions and that purchased Class I shares of the Fund at a reduced sales
charge under the group purchase privilege before February 1, 1998, however,
may continue to do so.
II. The first two paragraphs and the first waiver category in the section "Sales
Charge Waivers," found under "How Do I Buy Shares? - Sales Charge Reductions and
Waivers," are replaced with the following:
Sales Charge Waivers. If one of the following sales charge waivers applies to
you or your purchase of Fund shares, you may buy shares of the Fund without a
front-end sales charge or a Contingent Deferred Sales Charge. All of the sales
charge waivers listed below apply to purchases of Class I shares only, except
for items 1 and 4 which also apply to Class II purchases. Certain
distributions, payments or redemption proceeds that you receive may be used to
buy shares of the Fund without a sales charge if you reinvest them within 365
days of their payment or redemption date. They include: 1. Dividend and
capital gain distributions from any Franklin Templeton Fund or a real estate
investment trust (REIT) sponsored or advised by Franklin Properties, Inc. The
distributions generally must be reinvested in the same class of shares.
Certain exceptions apply, however, to Class II shareholders who chose to
reinvest their distributions in Class I shares of the Fund before November 17,
1997, and to Advisor Class or Class Z shareholders of a Franklin Templeton
Fund who may reinvest their distributions in Class I shares of the Fund.
III. The following new category 5 is added to the list of sales charge waiver
categories in the section "Sales Charge Waivers," found under "How Do I Buy
Shares? - Sales Charge Reductions and Waivers." The waiver categories numbered
five through 15 in the prospectus are renumbered accordingly:
5. Redemption proceeds from the sale of Class A shares of any of the Templeton
Global Strategy Funds if you are a qualified investor. If you paid a
contingent deferred sales charge when you redeemed your Class A shares from a
Templeton Global Strategy Fund, a Contingent Deferred Sales Charge will apply
to your purchase of Fund shares and a new Contingency Period will begin. We
will, however, credit your Fund account with additional shares based on the
contingent deferred sales charge you paid and the amount of the redemption
proceeds that you reinvest. If you immediately placed your redemption proceeds
in a Franklin Templeton money fund, you may reinvest them as described above.
The proceeds must be reinvested within 365 days from the date they are
redeemed from the money fund.
IV. The section "Retirement Plans," found under "How Do I Buy Shares? - Sales
Charge Reductions and Waivers," is replaced in its entirety with the following:
Retirement Plans. Retirement plans that (i) are sponsored by an employer with
at least 100 employees, or (ii) have plan assets of $1 million or more, or
(iii) agree to invest at least $500,000 in the Franklin Templeton Funds over a
13 month period may buy Class I shares without a front-end sales charge.
Retirement plans that are not Qualified Retirement Plans, SIMPLEs or SEPs must
also meet the requirements described under "Group Purchases - Class I Only"
above to be able to buy Class I shares without a front-end sales charge. We
may enter into a special arrangement with a Securities Dealer, based on
criteria established by the Fund, to add together certain small Qualified
Retirement Plan accounts for the purpose of meeting these requirements. For
retirement plan accounts opened on or after May 1, 1997, a Contingent Deferred
Sales Charge may apply if the retirement plan is transferred out of the
Franklin Templeton Funds or terminated within 365 days of the retirement plan
account's initial purchase in the Franklin Templeton Funds. Please see "How Do
I Sell Shares? - Contingent Deferred Sales Charge" for details.
V. The following paragraph is added at the end of the section "How Do I Buy
Shares?": For Investors Outside the U.S.
The distribution of this prospectus and the offering of Fund shares may be
limited in many jurisdictions. An investor who wishes to buy shares of a Fund
should determine, or have a broker-dealer determine, the applicable laws and
regulations of the relevant jurisdiction. Investors are responsible for
compliance with tax, currency exchange or other regulations applicable to
redemption and purchase transactions in any jurisdiction to which they may be
subject. Investors should consult appropriate tax and legal advisors to obtain
information on the rules applicable to these transactions.
VI. The sections "Contingent Deferred Sales Charge - Class I" and "Contingent
Deferred Sales Charge - Class II," found under "May I Exchange Shares for Shares
of Another Fund? - Will Sales Charges Apply to My Exchange?", are replaced with
the following:
Contingent Deferred Sales Charge. For accounts with shares subject to a
Contingent Deferred Sales Charge, we will first exchange any shares in your
account that are not subject to the charge. If there are not enough of these
to meet your exchange request, we will exchange shares subject to the charge
in the order they were purchased. If you exchange Class I shares into one of
our money funds, the time your shares are held in that fund will not count
towards the completion of any Contingency Period. If you exchange your Class
II shares for shares of Money Fund II, however, the time your shares are held
in that fund will count towards the completion of any Contingency Period.
VII. The following replaces the second paragraph under "How Do I Sell Shares? -
Contingent Deferred Sales Charge": Certain retirement plan accounts opened on or
after May 1, 1997, and that qualify to buy Class I shares without a front-end
sales charge may also be subject to a Contingent Deferred Sales Charge if the
retirement plan is transferred out of the Franklin Templeton Funds or terminated
within 365 days of the account's initial purchase in the Franklin Templeton
Funds.
VIII. Under "What Distributions Might I Receive from the Fund? - Distribution
Options," the references in the first two paragraphs to the ability of Class II
shareholders to reinvest or direct their distributions to Class I shares of the
Fund or another Franklin Templeton Fund are deleted and the following paragraph
is added to the section:
Distributions may be reinvested only in the same class of shares, except as
follows: (i) Class II shareholders who chose to reinvest their distributions
in Class I shares of the Fund or another Franklin Templeton Fund before
November 17, 1997, may continue to do so; and (ii) Class II shareholders may
reinvest their distributions in shares of any Franklin Templeton money fund.
IX. The following definitions are revised or added, as applicable, to the
"Useful Terms and Definitions" section: Contingency Period - For Class I shares,
the 12 month period during which a Contingent Deferred Sales Charge may apply.
For Class II shares, the contingency period is 18 months. The holding period
begins on the day you buy your shares. For example, if you buy shares on the
18th of the month, they will age one month on the 18th day of the next month and
each following month. SIMPLE (Savings Incentive Match Plan for Employees) - An
employer sponsored salary deferral plan established under section 408(p) of the
Code.
