o TLGIT P-3
SUPPLEMENT DATED JUNE 1, 2000
TO THE PROSPECTUS OF
TEMPLETON REGION FUNDS
CLASS A & C
DATED AUGUST 1, 1999
The prospectus is amended as follows:
I. All references to Franklin Templeton Trust Company in this prospectus are
replaced with Franklin Templeton Bank & Trust.
II. On November 12, 1999, hareholders of the Templeton Latin America Fund
approved a change to the lassification of the fund from a diversified to a
non-diversified investment company.
The following is added to the "Main Risks" section for the Templeton Latin
America Fund:
DIVERSIFICATION The fund is a non-diversified fund. It may invest a greater
portion of its assets in the securities of one issuer than a diversified fund.
The fund may be more sensitive to economic, business, political or other
changes affecting similar issuers or securities, which may result in greater
fluctuation in the value of the fund's shares. The fund, however, intends to
meet certain tax diversification requirements.
III. The section "Management" on page 9 is replaced with the following:
[INSERT GRAPHIC OF A BRIEFCASE] MANAGEMENT
Templeton Global Advisors Limited (Global Advisors), P.O. Box N-7759, Lyford
Cay, Nassau, Bahamas, is the fund's investment manager. Together, Global
Advisors and its affiliates manage over $233 billion in assets.
The team responsible for the fund's management is:
MARK G. HOLOWESKO CFA, PRESIDENT OF GLOBAL ADVISORS
Mr. Holowesko has been a manager of the fund since 1996. He joined the Franklin
Templeton Group in 1985.
RICHARD SEAN FARRINGTON CFA, SENIOR VICE PRESIDENT OF GLOBAL ADVISORS
Mr. Farrington has been a manager of the fund since 1996. He joined the Franklin
Templeton Group in 1991.
The fund pays Global Advisors a fee for managing the fund's assets. For the
fiscal year ended March 31, 1999, the fund paid 0.75% of its average daily net
assets to the manager for its services.
IV. The section "Management" on page 19 is replaced with the following:
[INSERT GRAPHIC OF A BRIEFCASE] MANAGEMENT
Templeton Investment Counsel, Inc., (Investment Counsel), 500 East Broward
Blvd., Ft. Lauderdale, FL 33394-3091, is the fund's investment manager.
Together, Investment Counsel and its affiliates manage over $233 billion in
assets.
The fund's lead portfolio manager is:
HEIDI S. ANDERSEN CFA, VICE PRESIDENT OF INVESTMENT COUNSEL
Ms. Andersen has been a manager of the fund since March 1999. She joined the
Franklin Templeton Group in 1995.
The following individual has secondary portfolio management responsibilities:
MARK R. BEVERIDGE CFA, SENIOR VICE PRESIDENT OF INVESTMENT COUNSEL
Mr. Beveridge has been a manager of the fund since 1997. He joined the Franklin
Templeton Group in 1985.
The fund pays Investment Counsel a fee for managing the fund's assets and making
its investment decisions. For the fiscal year ended March 31, 1999, management
fees, before any advance waiver, were 1.25% of the fund's average daily net
assets. Under an agreement by the manager to limit its fees, the fund paid 0.57%
of its average daily net assets to the manager. The manager may end this
arrangement at any time upon notice to the fund's Board of Trustees.
V. The section "Sales charge waivers" on page 26 is replaced with the following:
SALES CHARGE WAIVERS Class A shares may be purchased without an initial sales
charge or CDSC by various individuals, institutions and retirement plans or by
investors who reinvest certain distributions and proceeds within 365 days.
Certain investors also may buy Class C shares without an initial sales charge.
The CDSC for each class may be waived for certain redemptions and
distributions. If you would like information about available sales charge
waivers, call your investment representative or call Shareholder Services at
1-800/632-2301. For information about retirement plans, you may call
Retirement Services at 1-800/527-2020. A list of available sales charge
waivers also may be found in the Statement of Additional Information (SAI).
VI. The section "Minimum investments" on page 26 is replaced with the following:
<TABLE>
<CAPTION>
MINIMUM INVESTMENTS
-----------------------------------------------------------------------------------------------------------
INITIAL ADDITIONAL
-----------------------------------------------------------------------------------------------------------
<S> <C> <C>
REGULAR ACCOUNTS $1,000 $50
-----------------------------------------------------------------------------------------------------------
AUTOMATIC INVESTMENT PLANS $50 ($25 FOR AN $50 ($25 FOR AN
EDUCATION IRA) EDUCATION IRA)
-----------------------------------------------------------------------------------------------------------
UGMA/UTMA ACCOUNTS $100 $50
-----------------------------------------------------------------------------------------------------------
RETIREMENT ACCOUNTS
(OTHER THAN IRAS, IRA ROLLOVERS, EDUCATION IRAS OR ROTH IRAS) NO MINIMUM NO MINIMUM
-----------------------------------------------------------------------------------------------------------
IRAS, IRA ROLLOVERS, EDUCATION IRAS OR ROTH IRAS $250 $50
-----------------------------------------------------------------------------------------------------------
BROKER-DEALER SPONSORED WRAP ACCOUNT PROGRAMS $250 $50
-----------------------------------------------------------------------------------------------------------
FULL-TIME EMPLOYEES, OFFICERS, TRUSTEES AND DIRECTORS OF
FRANKLIN TEMPLETON ENTITIES, AND THEIR IMMEDIATE FAMILY MEMBERS $100 $50
-----------------------------------------------------------------------------------------------------------
</TABLE>
PLEASE NOTE THAT YOU MAY ONLY BUY SHARES OF A FUND ELIGIBLE FOR SALE
IN YOUR STATE OR JURISDICTION.
VII. The section "Account Application" on page 27 is replaced with the
following:
ACCOUNT APPLICATION If you are opening a new account, please complete and sign
the enclosed account application. Make sure you indicate the share class you
have chosen. If you do not indicate a class, we will place your purchase in
Class A shares. To save time, you can sign up now for services you may want on
your account by completing the appropriate sections of the application (see
"Investor Services" on page 28). For example, if you would like to link one of
your bank accounts to your Fund account so that you may use electronic fund
transfers to and from your bank account to buy and sell shares, please
complete the bank information section of the application. We will keep your
bank information on file for future purchases and redemptions.
VIII. Effective July 3, 2000, the following is added to the section "Buying
shares" on page 27:
<TABLE>
<CAPTION>
<S> <C> <C>
[INSERT GRAPHIC OF PHONE] If you have another franklin templeton Before requesting a telephone purchase,
account with your bank account please make sure we have your bank account
BY PHONE information on file, you may open a new information on file. If we do not have this
(UP TO $100,000 PER DAY) account by phone. The accounts must be information, you will need to send written
1-800/632-2301 identically registered. instructions with your bank's name and
address, a voided check or savings account
To make a same day investment, please deposit slip, and a signature guarantee if
call us by 1:00 p.m. Pacific time or the the ownership of the bank and fund accounts
close of the New York Stock Exchange, is different.
whichever is earlier.
To make a same day investment, please call us
by 1:00 p.m. Pacific time or the close of the
New York Stock Exchange, whichever is earlier.
</TABLE>
IX. The section "Automatic Investment Plan" on page 28 is replaced with the
following:
AUTOMATIC INVESTMENT PLAN This plan offers a convenient way for you to invest
in the Fund by automatically transferring money from your checking or savings
account each month to buy shares. To sign up, complete the appropriate section
of your account application and mail it to Investor Services. If you are
opening a new account, please include the minimum initial investment of $50
($25 for an Education IRA) with your application.
X. The section "Telephone Privileges" on page 29 is replaced with the following:
TELEPHONE PRIVILEGES You will automatically receive telephone privileges when
you open your account, allowing you and your investment representative to buy,
sell or exchange your shares and make certain other changes to your account by
phone.
For accounts with more than one registered owner, telephone privileges also
allow the Fund to accept written instructions signed by only one owner for
transactions and account changes that could otherwise be made by phone. For all
other transactions and changes, all registered owners must sign the
instructions. In addition, our telephone exchange privilege allows you to
exchange shares by phone from a fund account requiring two or more signatures
into an identically registered money fund account requiring only one signature
for all transactions. This type of telephone exchange is available as long as
you have telephone exchange privileges on your account.
As long as we take certain measures to verify telephone requests, we will not be
responsible for any losses that may occur from unauthorized requests. Of course,
you can decline telephone purchase, exchange or redemption privileges on your
account application.
XI. In the Selling Shares table on page 32 the section "By Wire" is replaced
with the following:
-------------------------------------------------------------------------------
[INSERT GRAPHICS OF You can call or write to have redemption proceeds
THREE LIGHNING BOLTS] sent to a bank account. See the policies above
mail or phone.
BY ELECTRONIC FUNDS Before requesting to have redemption proceeds
TRANSFER (ACH) sent to a bank account, please make sure we have
your bank account information on file. If we do
not have this information, you will need to send
written instructions with your bank's name and
address, a voided check or savings account deposit
slip, and a signature guarantee if the ownership
of the bank and fund accounts is different.
If we receive your request in proper form by 1:00
p.m. Pacific time, proceeds sent by ACH generally
will be available within two to three business
days.
-------------------------------------------------------------------------------
XII. The section "Statements and reports" on page 33 is replaced with the
following:
STATEMENTS AND REPORTS You will receive quarterly account statements that show
all your account transactions during the quarter. You also will receive
written notification after each transaction affecting your account (except for
distributions and transactions made through automatic investment or withdrawal
programs, which will be reported on your quarterly statement). You also will
receive the Fund's financial reports every six months. To reduce Fund
expenses, we try to identify related shareholders in a household and send only
one copy of the financial reports. If you need additional copies, please call
1-800/DIAL BEN. If there is a dealer or other investment representative of
record on your account, he or she also will receive copies of all
notifications and statements and other information about your account directly
from the Fund.
XIII. The section "Dealer compensation" on page 35 is replaced with the
following:
DEALER COMPENSATION Qualifying dealers who sell Fund shares may receive sales
commissions and other payments. These are paid by Franklin Templeton
Distributors, Inc. (Distributors) from sales charges, distribution and service
(12b-1) fees and its other resources.
CLASS A CLASS B CLASS C
--------------------------------------------------------------------------------
COMMISSION (%) -- 3.00 2.00
Investment under $100,000 4.00 -- --
$100,000 but under $250,000 3.25 -- --
$250,000 but under $500,000 2.25 -- --
$500,000 but under $1 million 1.85 -- --
$1 million or more p to 0.75/1/ -- --
12B-1 FEE TO DEALER 0.15 0.15/2/ 0.65/3/
A dealer commission of up to 1% may be paid on Class A NAV purchases by certain
retirement plans/1/ and on Class C NAV purchases. A dealer commission of up to
0.25% may be paid on Class A NAV purchases by certain trust companies and bank
trust departments, eligible governmental authorities, and broker-dealers or
others on behalf of clients participating in comprehensive fee programs.
MARKET TIMERS. Please note that for Class A NAV purchases by market timers,
including purchases of $1 million or more, dealers are not eligible to receive
the dealer commission. Dealers, however, may be eligible to receive the 12b-1
fee from the date of purchase. If a dealer commission is paid on a Class A NAV
purchase that we later determine was made by a market timer, all commissions
paid in connection with that purchase during the last twelve months must be
returned.
1. During the first year after purchase, dealers may not be eligible to receive
the 12b-1 fee.
2. Dealers may be eligible to receive up to 0.15% from the date of purchase.
After 8 years, Class B shares convert to Class A shares and dealers may then
receive the 12b-1 fee applicable to Class A.
3. Dealers may be eligible to receive up to 0.15% during the first year after
purchase and may be eligible to receive the full 12b-1 fee starting in the 13th
month.
Please keep this supplement for future reference.
o TLGIT PA-3
SUPPLEMENT DATED JUNE 1, 2000
TO THE PROSPECTUS OF
TEMPLETON REGION FUNDS
(TLGIT - TEMPLETON INTERNATIONAL FUND AND TEMPLETON LATIN AMERICA FUND)
ADVISOR CLASS
DATED AUGUST 1, 1999
The prospectus is amended as follows:
I. All references to Franklin Templeton Trust Company in this prospectus are
replaced with Franklin Templeton Bank & Trust.
II. On November 12, 1999, shareholders of the Templeton Latin America Fund
approved a change to the classification of the fund from a diversified to a
non-diversified investment company.
The following is added to the "Main Risks" section for the Templeton Latin
America Fund:
DIVERSIFICATION The fund is a non-diversified fund. It may invest a greater
portion of its assets in the securities of one issuer than a diversified fund.
The fund may be more sensitive to economic, business, political or other
changes affecting similar issuers or securities, which may result in greater
fluctuation in the value of the fund's shares. The fund, however, intends to
meet certain tax diversification requirements.
III. The section "Management" on page 8 is replaced with the following:
[INSERT GRAPHIC OF A BRIEFCASE] MANAGEMENT
Templeton Global Advisors Limited (Global Advisors), P.O. Box N-7759, Lyford
Cay, Nassau, Bahamas, is the fund's investment manager. Together, Global
Advisors and its affiliates manage over $233 billion in assets.
The team responsible for the fund's management is:
MARK G. HOLOWESKO CFA, PRESIDENT OF GLOBAL ADVISORS
Mr. Holowesko has been a manager of the fund since 1996. He joined the Franklin
Templeton Group in 1985.
RICHARD SEAN FARRINGTON CFA, SENIOR VICE PRESIDENT OF GLOBAL ADVISORS
Mr. Farrington has been a manager of the fund since 1996. He joined the Franklin
Templeton Group in 1991.
The fund pays Global Advisors a fee for managing the fund's assets. For the
fiscal year ended March 31, 1999, the fund paid 0.75% of its average daily net
assets to the manager for its services.
IV. The section "Management" on page 17 is replaced with the following:
[INSERT GRAPHIC OF A BRIEFCASE] MANAGEMENT
Templeton Investment Counsel, Inc., (Investment Counsel), 500 East Broward
Blvd., Ft. Lauderdale, FL 33394-3091, is the fund's investment manager.
Together, Investment Counsel and its affiliates manage over $233 billion in
assets.
The fund's lead portfolio manager is:
HEIDI S. ANDERSEN CFA, VICE PRESIDENT OF INVESTMENT COUNSEL
Ms. Andersen has been a manager of the fund since March 1999. She joined the
Franklin Templeton Group in 1995.
The following individual has secondary portfolio management responsibilities:
MARK R. BEVERIDGE CFA, SENIOR VICE PRESIDENT OF INVESTMENT COUNSEL
Mr. Beveridge has been a manager of the fund since 1997. He joined the Franklin
Templeton Group in 1985.
The fund pays Investment Counsel a fee for managing the fund's assets and making
its investment decisions. For the fiscal year ended March 31, 1999, management
fees, before any advance waiver, were 1.25% of the fund's average daily net
assets. Under an agreement by the manager to limit its fees, the fund paid 0.57%
of its average daily net assets to the manager. The manager may end this
arrangement at any time upon notice to the fund's Board of Trustees.
V. The section "Account Application" on page 23 is replaced with the following:
ACCOUNT APPLICATION If you are opening a new account, please complete and sign
the enclosed account application. To save time, you can sign up now for
services you may want on your account by completing the appropriate sections
of the application (see "Investor Services" on page 24). For example, if you
would like to link one of your bank accounts to your fund account so that you
may use electronic fund transfers to and from your bank account to buy and
sell shares, please complete the bank information section of the application.
We will keep your bank information on file for future purchases and
redemptions.
VI. Effective July 3, 2000, the following is added to the section "Buying
shares" on page 23:
<TABLE>
<CAPTION>
<S> <C> <C>
[INSERT GRAPHIC OF PHONE] If you have another franklin templeton Before requesting a telephone purchase,
account with your bank account please make sure we have your bank account
BY PHONE information on file, you may open a new information on file. If we do not have this
(UP TO $100,000 PER DAY) account by phone. The accounts must be information, you will need to send written
1-800/632-2301 identically registered. instructions with your bank's name and
address, a voided check or savings account
To make a same day investment, please deposit slip, and a signature guarantee if
call us by 1:00 p.m. Pacific time or the the ownership of the bank and fund accounts
close of the New York Stock Exchange, is different.
whichever is earlier.
To make a same day investment, please call us
by 1:00 p.m. Pacific time or the close of the
New York Stock Exchange, whichever is earlier.
</TABLE>
VII. The section "Automatic Investment Plan" on page 24 is replaced with the
following:
AUTOMATIC INVESTMENT PLAN This plan offers a convenient way for you to invest
in the fund by automatically transferring money from your checking or savings
account each month to buy shares. To sign up, complete the appropriate section
of your account application and mail it to Investor Services. If you are
opening a new account, please include your minimum initial investment with
your application.
VIII. The following section is added to "Investor Services" on page 24:
AUTOMATIC PAYROLL DEDUCTION You may invest in the fund automatically by
transferring money from your paycheck to the fund by electronic funds
transfer. If you are interested, indicate on your application that you would
like to receive an Automatic Payroll Deduction Program kit.
IX. The section "Telephone Privileges" on page 24 is replaced with the
following:
TELEPHONE PRIVILEGES You will automatically receive telephone privileges when
you open your account, allowing you and your investment representative to buy,
sell or exchange your shares and make certain other changes to your account by
phone.
For accounts with more than one registered owner, telephone privileges also
allow the fund to accept written instructions signed by only one owner for
transactions and account changes that could otherwise be made by phone. For
all other transactions and changes, all registered owners must sign the
instructions. In addition, our telephone exchange privilege allows you to
exchange shares by phone from a fund account requiring two or more signatures
into an identically registered money fund account requiring only one signature
for all transactions. This type of telephone exchange is available as long as
you have telephone exchange privileges on your account.
As long as we take certain measures to verify telephone requests, we will not
be responsible for any losses that may occur from unauthorized requests. Of
course, you can decline telephone purchase, exchange or redemption
privileges on your account application.
X. In the Selling Shares table on page 27 the section "By Wire" is replaced with
the following:
-------------------------------------------------------------------------------
[INSERT GRAPHICS OF You can call or write to have redemption proceeds
THREE LIGHNING BOLTS] sent to a bank account. See the policies above
mail or phone.
BY ELECTRONIC FUNDS Before requesting to have redemption proceeds
TRANSFER (ACH) sent to a bank account, please make sure we have
your bank account information on file. If we do
not have this information, you will need to send
written instructions with your bank's name and
address, a voided check or savings account deposit
slip, and a signature guarantee if the ownership
of the bank and fund accounts is different.
If we receive your request in proper form by 1:00
p.m. Pacific time, proceeds sent by ACH generally
will be available within two to three business
days.
-------------------------------------------------------------------------------
XI. The section "Statements and reports" on page 28 is replaced with the
following:
STATEMENTS AND REPORTS You will receive quarterly account statements that show
all your account transactions during the quarter. You also will receive
written notification after each transaction affecting your account (except for
distributions and transactions made through automatic investment or withdrawal
programs, which will be reported on your quarterly statement). You also will
receive the fund's financial reports every six months. To reduce fund
expenses, we try to identify related shareholders in a household and send only
one copy of the financial reports. If you need additional copies, please call
1-800/DIAL BEN.
If there is a dealer or other investment representative of record on your
account, he or she also will receive copies of all notifications and
statements and other information about your account directly from the fund.
Please keep this supplement for future reference.
