SUPPLEMENTAL INFORMATION

                           FIRST FRANKLIN CORPORATION

                           FILING OF DEFINITIVE PROXY
                         STATEMENT FOR ANNUAL MEETING OF
                     STOCKHOLDERS TO BE HELD APRIL 28, 1997


One of the matters to be voted on at the Annual  Meeting is the  approval of the
First Franklin Corporation 1997 Stock Option and Incentive Plan. There have been
no final decisions made on which individuals receive options under that Plan, no
options  have yet been  issued.  The shares of common stock which will be issued
upon the  exercise of options  under the Plan will be exempt  from  registration
under  Section  4(2) of the  Securities  Act of 1933 and  constitute  restricted
securities  under Rule 144, or they will be registered  under the Securities Act
of 1933 on Form S-8.  The  Corporation  has not  determined  yet whether it will
register  the  shares of  common  stock to be issued  upon the  exercise  of the
options issued under the Plan.