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09/05/2024 | Press release | Distributed by Public on 09/05/2024 07:56

FSS2 P1 09/24

FRANKLIN STRATEGIC SERIES

SUPPLEMENT DATED SEPTEMBER 5, 2024

TO THE SUMMARY PROSPECTUS, PROSPECTUS AND

STATEMENT OF ADDITIONAL INFORMATION ("SAI')

EACH DATED SEPTEMBER 1, 2024, OF

FRANKLIN BIOTECHNOLOGY DISCOVERY FUND (THE "FUND")

Effective September 30, 2024, the following supersedes any and all disclosure to the contrary in the Fund's Summary Prospectus, Prospectus and SAI:

The portfolio managers of the Fund are Evan McCulloch (lead portfolio manager) and Akiva Felt (portfolio manager).

Please retain this supplement for future reference.

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