SUPPLEMENT DATED
OCTOBER 1, 1995
TO THE PROSPECTUS
FRANKLIN TEMPLETON MONEY FUND II
DATED MAY 1, 1995
The following sentence replaces the third sentence in the section "Dividends in
Cash" under "Distributions to Shareholders":
"By completing the `Special Payment Instructions for Distributions' section of
the Shareholder Application included with this Prospectus, a shareholder may
direct the selected distributions to a Class I or Class II Franklin Templeton
Fund, to another person, or directly to a checking account."