SCHEDULE A14A
(RULE 14A-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE A14A 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.
Annual Meeting of Shareholders
Notice of Adjournment and Request for Vote
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April 3, 1998
Dear Shareholders:
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. The proxies
already returned for the Meeting as originally scheduled on March 31, 1998
remain effective. However, if you haven't voted, or would like to change your
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vote, you may execute and return the enclosed proxy.
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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 returning 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 other items on the agenda are
discussed in greater detail in the proxy materials that were previously
distributed to shareholders.
Thank you in advance for your participation.
Templeton Vietnam Opportunities Fund, Inc.
