o 416 P-2
SUPPLEMENT DATED MAY 19, 1999
TO THE PROSPECTUS OF
TEMPLETON AMERICAS GOVERNMENT SECURITIES FUND
dated August 1, 1998 as amended January 1, 1999
On May 19, 1999, Templeton Global Investment Trust's Board of Trustees approved
a proposal to merge the Templeton Americas Government Securities Fund into
Templeton Global Bond Fund, subject to shareholder approval. Templeton Income
Trust's Board of Trustees also approved the merger on behalf of Templeton Global
Bond Fund. The investment goal of Templeton Americas Government Securities Fund
is to provide a high level of current income, with total return as a secondary
goal. The investment goal of Templeton Global Bond Fund is current income with
capital appreciation and growth of income. These goals are fundamental, which
means that they may not be changed without shareholder approval. The Boards
believe this proposed merger will benefit shareholders.
It is anticipated that this summer shareholders of Templeton Americas Government
Securities Fund will receive a proxy and proxy statement requesting their votes
on the merger.
Templeton Americas Government Securities Fund will be closed to new investors
after the close of business on June 8, 1999. If you are a shareholder of record
as of the close of business on June 8, 1999, you may continue to add to your
account, subject to your applicable minimum additional investment amount, or buy
additional shares through reinvestment of dividend or capital gain distributions
until October 1, 1999. If the merger is approved by Templeton Americas
Government Securities Fund's shareholders on October 1, 1999, the Templeton
Americas Government Securities Fund will also be closed to purchases by existing
shareholders, except for the reinvestment of dividend and capital gain
distributions.
Although you may redeem your shares, please keep in mind that if you sell all
the shares in your account after June 8, 1999, your account will be closed and
you will not be allowed to buy additional shares of Templeton Americas
Government Securities Fund or to reopen your account in the Templeton Americas
Government Securities Fund. If you sell your shares in the fund, you may
reinvest some or all of the proceeds in most of the other Franklin Templeton
Funds within 365 days without an initial sales charge. The proceeds must be
reinvested within the same share class.
Please keep this supplement for future reference.
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