511 STKP1
SUPPLEMENT DATED NOVEMBER 17, 1997
TO THE PROSPECTUS OF
Franklin Templeton Money Fund II
dated November 1, 1997
The prospectus is amended to replace the second paragraph under "What
Distributions Might I Receive from the Fund? - Dividend Options," with the
following:
If you complete the "Special Payment Instructions for Dividends" section of
the revision form included with this prospectus, you may direct your
dividends to buy shares of another Franklin Templeton Fund (without a sales
charge or imposition of a Contingent Deferred Sales Charge). Many
shareholders find this a convenient way to diversify their investments.
Dividends may be reinvested only in the same class of shares, except as
follows: (i) shareholders who chose to reinvest their distributions in
Class I shares of another Franklin Templeton Fund before November 17, 1997,
may continue to do so; and (ii) you may reinvest your distributions in shares
of any other Franklin Templeton money fund.
