# EDGAR Filing Document

**Accession Number:** 0000872625
**File Stem:** 0001655589-26-000458
**Filing Date:** 2026-4
**Character Count:** 4200
**Document Hash:** 2cd5426733305143ab23a3e04c82c7e0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001655589-26-000458.hdr.sgml**: 20260417

**ACCESSION NUMBER**: 0001655589-26-000458

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260417

**DATE AS OF CHANGE**: 20260417

**EFFECTIVENESS DATE**: 20260417

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN STRATEGIC SERIES
- **CENTRAL INDEX KEY:** 0000872625

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-39088
- **FILM NUMBER:** 26869739

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-570-3000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN CALIFORNIA 250 GROWTH FUND
- **DATE OF NAME CHANGE:** 19911216

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN CALIFORNIA 250 GROWTH INDEX FUND
- **DATE OF NAME CHANGE:** 19910917

## Series and Classes Contracts Data

### FRANKLIN SMALL CAP GROWTH FUND (Series ID: S000006889)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018655 | CLASS A       | FSGRX           |
| C000018657 | CLASS C       | FCSGX           |
| C000018658 | ADVISOR CLASS | FSSAX           |
| C000018659 | CLASS R       | FSSRX           |
| C000128865 | Class R6      | FSMLX           |

#### 465-P1 04/26

#### FRANKLIN STRATEGIC SERIES

#### SUPPLEMENT DATED APRIL 17, 2026

#### TO THE SUMMARY PROSPECTUS, PROSPECTUS AND

#### STATEMENT OF ADDITIONAL INFORMATION ("SAI")

#### EACH DATED SEPTEMBER 1, 2025, OF

#### FRANKLIN SMALL CAP GROWTH FUND (THE "FUND")

**1. Effective May 1, 2026, the following changes are made to the Fund's Summary Prospectus, Prospectus and SAI:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a. The following is added to the section titled "Fund Summary – Portfolio Managers" in the Fund's Summary Prospectus and Prospectus:** 

**John P. Scandalios, CFA**<br>Senior Vice President of Advisers and portfolio manager of the Fund since May 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b. The following is added to the section titled "Fund Details – Management" in the Fund's Prospectus:**

#### John P. Scandalios, CFA Senior Vice President of Advisers
Mr. Scandalios has been a portfolio manager of the Fund since May 2026. He joined Franklin Templeton in 1996.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c. The following is added to the table in the section titled "Management and Other Services – Portfolio managers" in the Fund's SAI:**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name** | **Type of<br>Account** | **Number of**<br>**Accounts**<br>**Managed** | **Total Assets**<br>**Managed**<br>**(x $1 million)** | **Number of Accounts** <br>**Managed for which** <br>**Advisory Fee is** <br>**Performance-Based** | **Assets Managed for which** <br>**Advisory Fee is** <br>**Performance-Based** <br>**(x $1 million)** |
| John P. Scandalios\* | Registered<br>Investment<br>Companies | 2 | 4010.2 |  |  |
|  | Other Pooled<br>Investment<br>Vehicles | 2 | 160.2 |  |  |
|  | Other<br>Accounts | 1 | 0.1 |  |  |

---

\*Information is provided as of February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. **The following is added to the table in the section titled "Management and Other Services – Portfolio managers – Ownership of Fund shares" in the Fund's SAI:**

---

| | |
|:---|:---|
| **Portfolio Manager** | **Dollar Range of Fund Shares Beneficially Owned** |
| John P. Scandalios\* | None |
| \*Information is provided as of March 31, 2026 |  |

---

**2. Effective September 30, 2026, the following supersedes any and all disclosure to the contrary to the Fund's Summary Prospectus, Prospectus and SAI:**

#### The portfolio managers primarily responsible for the day-to-day management of the Fund are John P. Scandalios, CFA and Jacob Swartz .

#### Please retain this supplement for future reference.

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