GOF P-9
                          SUPPLEMENT DATED MAY 28, 2008
                           TO THE CURRENTLY EFFECTIVE
                                   PROSPECTUS
                           OF EACH OF THE LISTED FUNDS

                            Franklin Strategic Series
                         Franklin Strategic Income Fund

                       Franklin Investors Securities Trust
                    Franklin Low Duration Total Return Fund
                           Franklin Total Return Fund

                        Templeton Global Investment Trust
                              Templeton Income Fund

                             Templeton Income Trust
                           Templeton Global Bond Fund
                        Templeton International Bond Fund

I. For Franklin Strategic Income Fund, the paragraph in the "Goals and
Strategies - Main Investment Strategies" section beginning with "Derivative
instruments..." is revised to read as follows:

Derivative investments may be used to help manage interest rate risks, protect
Fund assets, implement a cash or tax management strategy or enhance Fund income.
With derivatives, the manager attempts to predict whether an underlying
investment will increase or decrease in value at some future time. The manager
considers various factors, such as availability and cost, in deciding whether to
use a particular instrument or strategy.

The Fund may also, from time to time, enter into forward currency contracts
(including cross currency forwards) and currency futures contracts to try to
hedge (protect) against currency exchange rate fluctuations or to generate
income or returns for the Fund. A forward currency contract is an agreement to
buy or sell a specific currency at a future date and at a price set at the time
of the contract. Cross currency forwards are forward contracts to sell an amount
of a foreign currency when the Fund believes that foreign currency may suffer or
enjoy a substantial movement against another foreign currency. A currency
futures contract is a standardized contract for the future delivery of a
specified amount of currency at a future date for a price set at the time of the
contract. Such contracts trade on an exchange unlike forward currency contracts.
The Fund's investments in forward currency contracts (including cross currency
forwards) and currency futures contracts may result in net short currency
exposures.


II. For Franklin Low Duration Total Return Fund and Franklin Total Return Fund,
the paragraph in each Fund's "Goals and Strategies - Main Investment Strategies"
section beginning with "In order to effectively manage..." is revised to read as
follows:

In order to effectively manage cash flows in or out of the Fund, the Fund may
buy and sell financial futures contracts or options on such contracts. A
financial futures contract is an agreement to buy or sell a specific security or
securities at a specified future date and price. Among other techniques, the
Fund may also use futures contracts on U.S. Treasury securities to help manage
risks relating to interest rates and other market factors, to increase
liquidity, to invest in particular instruments in more efficient or less
expensive ways, and to quickly and efficiently cause new cash to be invested in
the securities markets or, if cash will be needed to meet shareholder redemption
requests, to remove Fund assets from exposure to the markets.

The Fund may also, from time to time, enter into forward currency contracts
(including cross currency forwards) and currency futures contracts to try to
hedge (protect) against currency exchange rate fluctuations or to generate
income or returns for the Fund. A forward currency contract is an agreement to
buy or sell a specific currency at a future date and at a price set at the time
of the contract. Cross currency forwards are forward contracts to sell an amount
of a foreign currency when the Fund believes that foreign currency may suffer or
enjoy a substantial movement against another foreign currency. A currency
futures contract is a standardized contract for the future delivery of a
specified amount of currency at a future date for a price set at the time of the
contract. Such contracts trade on an exchange unlike forward currency contracts.
The Fund's investments in forward currency contracts (including cross currency
forwards) and currency futures contracts may result in net short currency
exposures.


In addition, the Fund may invest in swap agreements which may include interest
rate, total return, currency and credit default swaps. Swap agreements are
contracts between the Fund and, typically, a brokerage firm, bank or other
institutional buyer for periods ranging from a few days to more than a year, in
which the two parties agree to exchange the returns (or differentials in rates
of return) earned or realized on a particular set dollar or other currency value
of predetermined investments or instruments.

III. For Templeton Income Fund, the last sentence of the paragraph beginning
"When searching for debt securities..." in the "Goals and Strategies - Main
Investment Strategies" section is deleted and the following is added after the
referenced paragraph:

The Fund may, from time to time, enter into forward currency contracts
(including cross currency forwards) and currency futures contracts to try to
hedge (protect) against currency exchange rate fluctuations or to generate
income or returns for the Fund. A forward currency contract is an agreement to
buy or sell a specific currency at a future date and at a price set at the time
of the contract. Cross currency forwards are forward contracts to sell an amount
of a foreign currency when the Fund believes that foreign currency may suffer or
enjoy a substantial movement against another foreign currency. A currency
futures contract is a standardized contract for the future delivery of a
specified amount of currency at a future date for a price set at the time of the
contract. Such contracts trade on an exchange unlike forward currency contracts.
The Fund's investments in forward currency contracts (including cross currency
forwards) and currency futures contracts may result in net short currency
exposures.



IV. For Templeton Global Bond Fund and Templeton International Bond Fund, the
paragraph beginning "The Fund may also enter into currency futures..." in the
"Goals and Strategies - Main Investment Strategies" section is deleted and
preceding paragraph is revised to read as follows:

The Fund may enter, from time to time, into forward currency contracts
(including cross currency forwards) and currency futures contracts to try to
hedge (protect) against currency exchange rate fluctuations or to generate
income or returns for the Fund. A forward currency contract is an agreement to
buy or sell a specific currency at a future date and at a price set at the time
of the contract. Cross currency forwards are forward contracts to sell an amount
of a foreign currency when the Fund believes that foreign currency may suffer or
enjoy a substantial movement against another foreign currency. A currency
futures contract is a standardized contract for the future delivery of a
specified amount of currency at a future date for a price set at the time of the
contract. Such contracts trade on an exchange unlike forward currency contracts.
The Fund's investments in forward currency contracts (including cross currency
forwards) and currency futures contracts may result in net short currency
exposures.

V. For each Fund, the following paragraph is amended or added to the "Foreign
Securities" section under "Main Risks":

Currency management strategies. Currency management strategies, including the
use of cross currency forwards and currency futures contracts, may substantially
change the Fund's exposure to currency exchange rates and could result in losses
to the Fund if currencies do not perform as the manager expects. In addition,
currency management strategies, to the extent that they are used as a hedging
technique to reduce the Fund's exposure to currency risks, may also reduce the
Fund's ability to benefit from favorable changes in currency exchange rates.
There is no assurance that the manager's use of currency management strategies
will benefit the Fund or that they will be, or can be, used at appropriate
times. Furthermore, there may not be perfect correlation between the amount of
exposure to a particular currency and the amount of securities in the portfolio
denominated in that currency.


               Please keep this supplement for future reference.





GOF SA-6
                          SUPPLEMENT DATED MAY 28, 2008
                           TO THE CURRENTLY EFFECTIVE
                       STATEMENT OF ADDITIONAL INFORMATION
                           OF EACH OF THE LISTED FUNDS

                            Franklin Strategic Series
                         Franklin Strategic Income Fund

                       Franklin Investors Securities Trust
                     Franklin Low Duration Total Return Fund
                           Franklin Total Return Fund

                        Templeton Global Investment Trust
                              Templeton Income Fund

                             Templeton Income Trust
                           Templeton Global Bond Fund
                        Templeton International Bond Fund

The Statement of Additional Information is amended as follows:

The sections entitled "Foreign currency transactions," "Foreign currency
exchange contracts," "Options on foreign currencies" and "Foreign currency
futures," as the case may be, is replaced with the following:

Foreign currency hedging transactions For the purpose of hedging, efficient
portfolio management and/or enhancement of returns, the Fund may also, from time
to time, enter into forward contracts including currency forwards, cross
currency forwards (each of which may result in net short currency exposures),
options on currencies or financial and index futures contracts. Such
transactions could be effected with respect to hedges on non-U.S. dollar
denominated securities owned by the Fund, sold by the Fund but not yet
delivered, or committed or anticipated to be purchased by the Fund. The
successful use of these transactions will usually depend on the manager's
ability to forecast accurately currency exchange rate movements. Should exchange
rates move in an unexpected manner, the Fund may not achieve the anticipated
benefits of the transaction, or it may realize losses. In addition, these
techniques could result in a loss if the counterparty to the transaction does
not perform as promised. Moreover, investors should bear in mind that the Fund
is not obligated to actively engage in these transactions; for example, the Fund
may not have attempted to hedge its exposure to a particular foreign currency at
a time when doing so might have avoided a loss.

Forward foreign currency contracts and cross currency forward contracts. A
forward contract is an obligation to purchase or sell a specific currency or
multinational currency unit for an agreed price at a future date, which is
individually negotiated and privately traded by currency traders and their
customers in the interbank market. The Fund may either accept or make delivery
of the currency specified at the maturity of a forward or, prior to maturity,
enter into a closing transaction involving the purchase or sale of an offsetting
contract. Closing transactions with respect to forward contracts are usually
affected with the counterparty to the original forward contract.

The Fund may enter into a forward contract, for example, when it purchases or
sells a security denominated in a foreign currency and desires to "lock in" the
U.S. dollar price of the security. Thus, for example, when the Fund believes
that a foreign currency may suffer a substantial decline against the U.S.
dollar, it may enter into a forward contract to sell an amount of that foreign
currency approximating the value of some or all of the Fund's portfolio
securities denominated in such foreign currency. Similarly, when the Fund
believes that the U.S. dollar may suffer a substantial decline against a foreign
currency, it may enter into a forward contract to buy that foreign currency for
a fixed dollar amount. The Fund may also purchase and sell forward contracts for
efficient portfolio management purposes when the manager anticipates that the
foreign currency will appreciate or depreciate in value.

In addition, when the Fund believes that a foreign currency may experience a
substantial movement against another foreign currency it may enter into a
forward contract to buy or sell, as appropriate, an amount of the foreign
currency either: a) approximating the value of some or all of its portfolio
securities denominated in such foreign currency (this investment practice
generally is referred to as "cross-hedging"); or b) necessary to derive a level
of additional income or return that the Fund's manager seeks to achieve for the
Fund. In connection with the Fund's forward contracts, an amount of its assets
equal to the amount of the purchase will be segregated on the books of the Fund
or its custodian to be used to pay for the commitment. Accordingly, at the time
the Fund initially enters into a forward contract, it will have liquid assets
available in an amount equal to 102% of the Fund's commitments under its forward
contracts to limit any potential risk. These assets are marked-to-market daily
and, if the asset coverage falls below 100% of the Fund's commitments, the Fund
will increase the aggregate value of the assets to ensure that the assets are at
least equal to 102% of the amount of the Fund's commitments under its forward
contracts. The Fund may also cover any commitments under these contracts to sell
currency by owning or acquiring the underlying currency (or an absolute right to
acquire such currency).

Although the Commodity Futures Trading Commission does not currently regulate
these contracts, it may in the future assert such regulatory authority. In such
event, the Fund's ability to utilize forward contracts in the manner set forth
above may be restricted. Forward contracts may limit potential gain from a
positive change in the relationship between the U.S. dollar and foreign
currencies. Unanticipated changes in currency prices may result in poorer
overall performance for the Fund than if it had not engaged in such contracts.
Moreover, there may be an imperfect correlation between the Fund's portfolio
holdings of securities denominated in a particular currency and forward
contracts entered into by the Fund. This imperfect correlation may cause the
Fund to sustain losses that will prevent the Fund from achieving a complete
hedge or expose the Fund to risk of foreign exchange loss. The Fund generally
will not enter into a forward contract with a term greater than one year.

Options on foreign currencies. The Fund may purchase and write put and call
options on foreign currencies. If used for hedging purposes, as is the case with
other kinds of options, the writing of an option on foreign currency will
constitute only a partial hedge up to the amount of the premium received, and
the Fund could be required to purchase or sell foreign currencies at
disadvantageous exchange rates, thereby incurring losses. The purchase of an
option on foreign currency may constitute a more effective hedge against
fluctuations in exchange rates, although, in the event of rate movements adverse
to its position, the Fund may forfeit the entire amount of the premium paid plus
related transaction costs. Options on foreign currencies to be written or
purchased by the Fund will be traded on U.S. and foreign exchanges or
over-the-counter. Over-the-counter forwards and related options may be
considered illiquid securities and would be subject to the Fund's investment
restriction with respect to illiquid securities.

All options written by the Fund will be "covered." For more information about
the mechanics of purchasing, writing and covering options, see "Exchange-traded
options on securities and futures", "OTC options on securities, indices and
futures" (as the case may be) under "Derivative securities" above. It is
anticipated that the Fund's investments would generally not exceed 20% of its
assets in forward contracts, using notional amounts and calculating forward
contracts on the same basis as the asset segregation requirement.

Foreign currency futures. The Fund may enter into exchange-traded contracts for
the purchase or sale for future delivery of foreign currencies (foreign currency
futures). A foreign currency futures contract is a standardized contract for the
future delivery of a specified amount of currency at a future date at a price
set at the time of the contract. This investment technique may be used to
achieve the same investment goals as forward foreign currency contracts.

The Fund may either accept or make delivery of the currency specified at the
maturity of a currency futures contract or, prior to maturity, enter into a
closing transaction involving the purchase or sale of an offsetting contract.
Closing transactions with respect to currency futures contracts are affected on
the exchange on which the contract was entered into (or on a linked exchange).

All futures in which the Fund participates may be subject to "margin" and
coverage requirements. For more information about the mechanics of participating
in futures, see "Futures contracts" and under "Derivative securities" above.

The Fund may also enter into options on foreign currency futures. See
"Exchange-traded options on securities and futures", "OTC options on securities,
indices and futures", or "Options on Futures" (as the case may be) for more
information about options on futures.


      Please keep this supplement for future references.