511 STKP3
SUPPLEMENT DATED APRIL 21, 1998
TO THE PROSPECTUS OF
FRANKLIN TEMPLETON MONEY FUND II
DATED NOVEMBER 1, 1997
The prospectus is amended as follows:
I. The section "Will Sales Charges Apply to My Exchange?", found under "May I
Exchange Shares for Shares of Another Fund?", is replaced with the following:
WILL SALES CHARGES APPLY TO MY EXCHANGE?
You will not pay a front-end sales charge on exchanges. We also will not impose
a Contingent Deferred Sales Charge when you exchange shares. Any shares subject
to a Contingent Deferred Sales Charge at the time of exchange, however, will
remain so in the new fund. See the discussion on Contingent Deferred Sales
Charges below and under "How Do I Sell Shares?"
For accounts with shares subject to a Contingent Deferred Sales Charge, we will
first exchange any shares in your account that are not subject to the charge.
If there are not enough of these to meet your exchange request, we will
exchange shares subject to the charge in the order they were purchased.
II. The second paragraph under "What Distributions Might I Receive from the
Fund? Dividend Options," is replaced 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.
III. The following definition is revised in the "Useful Terms and Definitions"
section:
CONTINGENCY PERIOD - The period during which a Contingent Deferred Sales Charge
may apply. It is 18 months from the date of purchase of the Class II shares
that were exchanged for shares of the Fund. For example, if you originally
purchased the Class II shares on the 18th of the month, they will age one month
on the 18th day of the next month and each following month.
