Franklin Growth Opportunities Fund Advisor Class NMFQS:FRAAX

Under normal market conditions, the fund invests predominantly in equity securities of companies demonstrating accelerating growth, increasing profitability, or above-average growth or growth potential as compared with the overall economy. It normally invests predominantly in equity securities, primarily to predominantly common stock. A portion to a significant amount of the fund's investments may be in smaller and midsize companies. The fund, from time to time, may have significant positions in particular sectors, such as information technology, healthcare and consumer discretionary.