497 1 gofstkp-3.txt o GOF STKP-3 SUPPLEMENT FOR THE PERIOD JULY 1, 2002 TO SEPTEMBER 30, 2002 TO THE PROSPECTUSES OF TEMPLETON FUNDS, INC. (Templeton Foreign and World Funds) dated January 1, 2002 TEMPLETON GLOBAL SMALLER COMPANIES FUND, INC. dated January 1, 2002 TEMPLETON GROWTH FUND, INC. dated January 1, 2002 TEMPLETON GLOBAL BOND FUND dated January 1, 2002 FRANKLIN CUSTODIAN FUNDS, INC. (Growth, Dynatech, Income, Utilities and U.S. Government Securities Series) dated February 1, 2002 FRANKLIN RISING DIVIDENDS FUND dated February 1, 2002 FRANKLIN STRATEGIC MORTGAGE PORTFOLIO dated February 1, 2002 FRANKLIN INVESTORS SECURITIES TRUST (FIST 1 - Franklin Convertible Securities, Equity Income, and Short-Intermediate U.S. Government Securities Funds) dated March 1, 2002 (FIST 2 - Franklin Adjustable U.S. Government Securities, Floating Rate Daily Access and Total Return Funds) dated March 1, 2002 FRANKLIN VALUE INVESTORS TRUST (Franklin Large Cap Value and Small Cap Value Funds) dated March 1, 2002 FRANKLIN TEMPLETON GLOBAL TRUST (Franklin Templeton Hard Currency Fund) dated March 1, 2002 FRANKLIN TEMPLETON INTERNATIONAL TRUST (Templeton Foreign Smaller Companies and Pacific Growth Funds) dated March 1, 2002 (Templeton Global Long-Short Fund) dated March 1, 2002 TEMPLETON DEVELOPING MARKETS TRUST dated May 1, 2002 TEMPLETON GLOBAL OPPORTUNITIES TRUST dated May 1, 2002 FRANKLIN MUTUAL SERIES FUND INC. (Mutual Beacon, Financial Services, Qualified, Shares, Discovery and European Funds) dated May 1, 2002 TEMPLETON GLOBAL INVESTMENT TRUST (Templeton International (Ex EM) and Latin America Funds) dated August 1, 2001 FRANKLIN STRATEGIC SERIES (FSS1 - Franklin Aggressive Growth, California Growth, Large Cap Growth, and Small-Mid Cap Growth Funds) dated September 1, 2001 (FSS2 - Franklin Biotechnology Discovery, Technology, Global Health Care, Global Communications and Natural Resources Funds) dated September 1, 2001 (Franklin Blue Chip Fund) dated September 1, 2001 (Franklin Strategic Income Fund) dated September 1, 2001 FRANKLIN REAL ESTATE SECURITIES TRUST (Franklin Real Estate Securities Fund) dated September 1, 2001 FRANKLIN HIGH INCOME TRUST (Franklin's AGE High Income Fund) dated October 1, 2001 FRANKLIN CAPITAL GROWTH FUND dated November 1, 2001 INSTITUTIONAL FIDUCIARY TRUST (Franklin Cash Reserves Fund) dated November 1, 2001 FRANKLIN GLOBAL TRUST (Franklin Global Aggressive Growth and Franklin Global Growth Funds) dated December 1, 2001 FRANKLIN GOLD & PRECIOUS METALS FUND dated December 1, 2001 FRANKLIN TEMPLETON FUND ALLOCATOR SERIES (Franklin Templeton Conservative Target, Moderate Target and Growth Target Funds) dated December 1, 2001 The following paragraph is added to the section "Dealer Compensation" of the prospectuses for the Franklin Templeton funds listed above: During the period July 1, 2002 through September 30, 2002, Distributors will reallow the entire front-end sales charge to the securities firm of Wachovia Securities (Wachovia) on purchases of Class A shares of the funds for IRA rollover accounts for which Franklin Templeton Bank & Trust Company or Wachovia, or an affiliate, serves as the custodian. Please keep this supplement for future reference.