Franklin Value Investors Trust DEFA14A Additional proxy soliciting materials

 SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

(Amendment No. __)

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[  ] Definitive Proxy Statement

[X] Definitive Additional Materials

[  ] Soliciting Material Pursuant to Sec. 240.14a-12

FRANKLIN VALUE INVESTORS TRUST

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Franklin MidCap Value Fund

IMPORTANT FUND INFORMATION FOR YOUR CONSIDERATION

September 19, 2017

Dear Investor:

The Board of Trustees of the Franklin MidCap Value Fund (the ”Fund”) recently sent you detailed information regarding the upcoming Special Meeting of Shareholders to ask for your vote on an important proposal affecting the Fund. The Special Meeting is scheduled to be held on October 27, 2017 (at 10:00 AM Pacific Time), at the offices of Franklin Value Investors Trust, One Franklin Parkway, San Mateo, CA 94403.

Detailed information about the Special Meeting and this proposal can be found in the proxy statement.  To view the proxy material electronically, please go to:   www.proxyonline.com/docs/FTMidCap.pdf

For your convenience, we have included a copy of the proxy card for your review. If you have any questions about the proposal, please call 1 (866) 796-6899.

THE FUND’S RECORDS INDICATE THAT YOU HAVE NOT YET VOTED.  PLEASE TAKE A MOMENT NOW TO CAST YOUR VOTE SO THAT YOUR SHARES WILL BE REPRESENTED AT THE SPECIAL MEETING.

Voting is easy. Please take a moment now to cast your vote using one of the options listed below:

	1.	Vote by Mail. Cast your vote by signing, dating and mailing the enclosed proxy card in the postage-prepaid return envelope provided.
	2.	Vote via the Internet. Visit the website indicated on the enclosed proxy card.
	3.	Vote by Phone. Dial the toll-free number indicated on the enclosed proxy card.
	4.	Vote by Phone with a live operator. Dial toll-free 1 (866) 796-6899. Please have the proxy card available at the time of the call.

Thank you in advance for your participation.