497 1 gofsa90506.txt o GOF SA-9 SUPPLEMENT DATED MAY 1, 2006 TO THE CURRENTLY EFFECTIVE STATEMENT OF ADDITIONAL INFORMATION OF EACH OF THE LISTED FUNDS FRANKLIN CAPITAL GROWTH FUND FRANKLIN CUSTODIAN FUNDS, INC. Franklin DynaTech Fund Franklin Growth Fund Franklin Income Fund Franklin U.S. Government Securities Fund Franklin Utilities Fund FRANKLIN GOLD & PRECIOUS METALS FUND FRANKLIN HIGH INCOME TRUST Franklin's AGE High Income Fund FRANKLIN INVESTORS SECURITIES TRUST Franklin Adjustable U.S. Government Securities Fund Franklin Convertible Securities Fund Franklin Equity Income Fund Franklin Floating Rate Daily Access Fund Franklin Limited Maturity U.S. Government Securities Fund Franklin Low Duration Total Return Fund Franklin Real Return Fund Franklin Total Return Fund FRANKLIN MANAGED TRUST Franklin Rising Dividends Fund FRANKLIN REAL ESTATE SECURITIES TRUST Franklin Real Estate Securities Fund FRANKLIN STRATEGIC MORTGAGE PORTFOLIO FRANKLIN STRATEGIC SERIES Franklin Aggressive Growth Fund Franklin Biotechnology Discovery Fund Franklin Blue Chip Fund Franklin Flex Cap Growth Fund Franklin Global Communications Fund Franklin Global Health Care Fund Franklin Natural Resources Fund Franklin Small-Mid Cap Growth Fund Franklin Small Cap Growth Fund II Franklin Strategic Income Fund Franklin Technology Fund Franklin U.S. Long-Short Fund FRANKLIN TEMPLETON GLOBAL TRUST Franklin Templeton Hard Currency Fund FRANKLIN TEMPLETON INTERNATIONAL TRUST Templeton Foreign Smaller Companies Fund Templeton Global Long-Short Fund FRANKLIN VALUE INVESTORS TRUST Franklin Balance Sheet Investment Fund Franklin Large Cap Value Fund Franklin MicroCap Value Fund Franklin MidCap Value Fund Franklin Small Cap Value Fund TEMPLETON CHINA WORLD FUND TEMPLETON FUNDS, INC. Templeton Foreign Fund Templeton World Fund TEMPLETON GLOBAL INVESTMENT TRUST Templeton Income Fund Templeton International (Ex EM) Fund TEMPLETON GLOBAL SMALLER COMPANIES FUND TEMPLETON GROWTH FUND, INC. TEMPLETON INCOME TRUST Templeton Global Bond Fund The Statement of Additional Information is amended as follows: I. Since Employer Sponsored Retirement Plans will no longer receive prepaid commissions, the paragraph under the "Buying and Selling Shares - Dealer compensation" section, that begins with "Distributors or one of its affiliates may pay up to 1% on..." is deleted. II. For the Franklin U.S. Government Securities Fund, the following portfolio manager is added to the tables below that show, as of December 31, 2005, (a) the number of other accounts and total assets in those accounts managed by each portfolio manager and (b) the dollar range of Fund shares owned by each portfolio manager:
(a) ASSESTS OF OTHER ASSETS OF OTHER NUMBER OF OTHER REGISTERED INVESTMENT NUMBER OF OTHER POOLED INVESTMENT ASSETS OF OTHER REGISTERED INVESTMENT COMPANIES MANAGED POOLED INVESTMENT VEHICLES MANAGED NUMBER OF OTHER ACCOUNTS MANAGED NAME COMPANIES MANAGED (X $1 MILLION)/1 VEHICLES MANAGED/2 (X $1 MILLION)/2 ACCOUNTS MANAGED (X $1 MILLION) ------------------------------------------------------------------------------------------------------------------------------------ Paul Varunok 4 994.1 1 60.1 0 N/A
1. These figures represent registered investment companies other than the Funds that are included in this SAI. 2. The various pooled investment vehicles and accounts listed are managed by a team of investment professionals. Accordingly, the individual managers listed would not be solely responsible for managing such listed amounts. (b) DOLLAR RANGE OF FUND SHARES PORTFOLIO MANAGER BENEFICIALLY OWNED -------------------------------------------------------------------------------- Paul Varunok ..................................................U.S. Government Securities Fund $1-$10,000 Please keep this supplement for future reference.