SCHEDULE 14A
(RULE 14A-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE
SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. )
Filed by the registrant [X]
Filed by a party other than the registrant [ ]
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<S> <C>
Check the appropriate box:
[ ] Preliminary proxy statement
[ ] Definitive proxy statement
[X ] Definitive additional materials
[ ] Soliciting material pursuant to Rule 14a-11(c) or Rule 14a-12
[ ] Confidential, for Use of the Commission Only (as permitted by
Rule 14a-6(e) (2))
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TEMPLETON VIETNAM OPPORTUNITIES FUND, INC.
(Name of Registrant as Specified in Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i) (4) and 0-11.
(1) Title of each class of securities to which transaction applies:
(2) Aggregate number of securities to which transaction applies:
(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11. (set forth the amount on
which the filing fee is calculated and state how it was
determined):
(4) Proposed maximum aggregate value of transaction:
(5) Total fee paid:
[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by
Exchange Act Rule 0-11(a) (2) and identify the filing for which
the offsetting fee was paid previously. Identify the previous
filing by registration statement number, or the Form or Schedule
and the date of its filing.
(1) Amount previously paid:
(2) Form, Schedule or Registration Statement No.:
(3) Filing party:
(4) Date filed:
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TEMPLETON VIETNAM OPPORTUNITIES FUND, INC.
500 East Broward Boulevard
Ft. Lauderdale, FL 33394
IMPORTANT INFORMATION
REGARDING THE
ANNUAL MEETING OF SHAREHOLDERS
- --------------------------------------------------------------------------------
April 3, 1998
Dear Shareholder:
The Annual Meeting of Shareholders has been adjourned until Thursday, April 23,
1998, in order to give shareholders additional time to vote. If you have not yet
done so, it is critical that you vote your proxy. All votes are vital no matter
how many shares you hold. The Proposals on the enclosed proxy ballot have been
unanimously recommended by the Fund's Board of Directors and have received the
overwhelming approval of those who have already sent in their proxies. As of
March 31, 1998, proxies representing more than 42% of the outstanding shares
were received, with 94%, 97%, 99% and 96% of those shares voting in favor of
Proposals 1, 2, 3 and 4, respectively. In order to conclude the voting, we must
receive your vote as soon as possible!
Please take a moment now and vote your shares by any of the three easy methods
listed below:
1. By Phone: Please call Shareholder Communications Corporation toll
free at 1-800-733-8481, Extension "439". Operators will
be available to take your vote Monday through Friday
between the hours of 9:00 a.m. and 11:00 p.m. Eastern
Time.
2. By Fax: Fax your proxy to us toll free at 1-800-733-1885,
anytime.
3. By Mail: Return your executed proxy in the enclosed postage paid
envelope.
The most critical item on the agenda for the meeting is the proposal to amend
the Fund's investment policies to expand the Fund's ability to invest in other
Southeast Asian countries in addition to Vietnam. The purpose of the amendment
is to provide the Fund with greater investment flexibility so that it may take
advantage of a broader range of investment opportunities available in Southeast
Asian markets, while permitting the Fund to continue to focus its investment
program on Vietnam.
Under the proposed investment policy, the Fund will be able to focus on equity
and debt securities of Vietnam issuers to the extent that attractive investments
become available. To the extent that such investments are not available, the
Fund would look to other Southeast Asian markets for attractive investment
opportunities. This proposal and the other items on the agenda are discussed in
greater detail in the proxy materials that were previously distributed to
shareholders.
If you have any questions regarding the proxy materials or need assistance
executing your vote, please call Shareholder Communications Corporation at the
above-mentioned number.
Thank you in advance for your participation.
