<SEC-DOCUMENT>0001137439-19-000535.txt : 20191213
<SEC-HEADER>0001137439-19-000535.hdr.sgml : 20191213
<ACCEPTANCE-DATETIME>20191213162623
ACCESSION NUMBER:		0001137439-19-000535
CONFORMED SUBMISSION TYPE:	40-17F2
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20191213
DATE AS OF CHANGE:		20191213
EFFECTIVENESS DATE:		20191213

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEMPLETON GLOBAL INCOME FUND
		CENTRAL INDEX KEY:			0000828803
		IRS NUMBER:				222864496
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-17F2
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05459
		FILM NUMBER:		191284861

	BUSINESS ADDRESS:	
		STREET 1:		300 S.E. 2ND STREET
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33301-1923
		BUSINESS PHONE:		9545277500

	MAIL ADDRESS:	
		STREET 1:		300 S.E. 2ND STREET
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33301-1923

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TEMPLETON GLOBAL INCOME FUND INC
		DATE OF NAME CHANGE:	19920703

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEMPLETON GLOBAL INCOME FUND
		CENTRAL INDEX KEY:			0000828803
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				222864496
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-17F2

	BUSINESS ADDRESS:	
		STREET 1:		300 S.E. 2ND STREET
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33301-1923
		BUSINESS PHONE:		9545277500

	MAIL ADDRESS:	
		STREET 1:		300 S.E. 2ND STREET
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33301-1923

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TEMPLETON GLOBAL INCOME FUND INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-17F2
<SEQUENCE>1
<FILENAME>tgif17f21712122019.htm
<TEXT>
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    <div><br>
    </div>
    <div style="text-align: center;">UNITED STATES</div>
    <div style="text-align: center;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center;">WASHINGTON, D.C. 20549</div>
    <div><br>
    </div>
    <div style="text-align: center;">FORM N-17F-2</div>
    <div><br>
    </div>
    <div style="text-align: center;">CERTIFICATE OF ACCOUNTING OF SECURITIES AND SIMILAR</div>
    <div style="text-align: center;">INVESTMENTS IN THE CUSTODY OF</div>
    <div style="text-align: center;">MANAGEMENT INVESTMENT COMPANIES</div>
    <div><br>
    </div>
    <div style="text-align: center;">PURSUANT TO RULE N-17F-2 [17 CFR 270.17f-2]</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zfae7a06940e3440fab36921089819534" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 57.58%; vertical-align: top;" colspan="5">
            <div>1. Investment Company Act File Number:</div>
          </td>
          <td style="width: 40.11%; vertical-align: top;" colspan="4">
            <div>Date Examination completed:</div>
          </td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 57.58%; vertical-align: top;" colspan="5">
            <div style="text-indent: 36pt;">811 -05459</div>
          </td>
          <td style="width: 40.11%; vertical-align: top;" colspan="4">
            <div style="text-indent: 30.6pt;">August 30, 2018</div>
          </td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 57.58%; vertical-align: top;" colspan="5">&#160;</td>
          <td style="width: 40.11%; vertical-align: top;" colspan="4">&#160;</td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 57.58%; vertical-align: top;" colspan="5">
            <div>2. State Identification Number:</div>
          </td>
          <td style="width: 40.11%; vertical-align: top;" colspan="4">&#160;</td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 13.63%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 16.68%; vertical-align: top;">&#160;</td>
          <td style="width: 12.94%; vertical-align: top;">&#160;</td>
          <td style="width: 20.51%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 11.6%; vertical-align: top;">&#160;</td>
          <td style="width: 15.05%; vertical-align: top;">&#160;</td>
          <td style="width: 7.28%; vertical-align: top;">&#160;</td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 13.63%; vertical-align: top;" colspan="2">
            <div>AL</div>
          </td>
          <td style="width: 16.68%; vertical-align: top;">
            <div>AK</div>
          </td>
          <td style="width: 12.94%; vertical-align: top;">
            <div>AZ</div>
          </td>
          <td style="width: 20.51%; vertical-align: top;" colspan="2">
            <div>AR</div>
          </td>
          <td style="width: 11.6%; vertical-align: top;">
            <div>CA</div>
          </td>
          <td style="width: 15.05%; vertical-align: top;">
            <div>CO</div>
          </td>
          <td style="width: 7.28%; vertical-align: top;">&#160;</td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 13.63%; vertical-align: top;" colspan="2">
            <div>CT</div>
          </td>
          <td style="width: 16.68%; vertical-align: top;">
            <div>DE</div>
          </td>
          <td style="width: 12.94%; vertical-align: top;">
            <div>DC</div>
          </td>
          <td style="width: 20.51%; vertical-align: top;" colspan="2">
            <div>FL</div>
          </td>
          <td style="width: 11.6%; vertical-align: top;">
            <div>GA</div>
          </td>
          <td style="width: 15.05%; vertical-align: top;">
            <div>HI</div>
          </td>
          <td style="width: 7.28%; vertical-align: top;">&#160;</td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 13.63%; vertical-align: top;" colspan="2">
            <div>ID</div>
          </td>
          <td style="width: 16.68%; vertical-align: top;">
            <div>IL</div>
          </td>
          <td style="width: 12.94%; vertical-align: top;">
            <div>IN</div>
          </td>
          <td style="width: 20.51%; vertical-align: top;" colspan="2">
            <div>IA</div>
          </td>
          <td style="width: 11.6%; vertical-align: top;">
            <div>KS</div>
          </td>
          <td style="width: 15.05%; vertical-align: top;">
            <div>KY</div>
          </td>
          <td style="width: 7.28%; vertical-align: top;">&#160;</td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 13.63%; vertical-align: top;" colspan="2">
            <div>LA</div>
          </td>
          <td style="width: 16.68%; vertical-align: top;">
            <div>ME</div>
          </td>
          <td style="width: 12.94%; vertical-align: top;">
            <div>MD</div>
          </td>
          <td style="width: 20.51%; vertical-align: top;" colspan="2">
            <div>MA</div>
          </td>
          <td style="width: 11.6%; vertical-align: top;">
            <div>MI</div>
          </td>
          <td style="width: 15.05%; vertical-align: top;">
            <div>MN</div>
          </td>
          <td style="width: 7.28%; vertical-align: top;">&#160;</td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 13.63%; vertical-align: top;" colspan="2">
            <div>MS</div>
          </td>
          <td style="width: 16.68%; vertical-align: top;">
            <div>MO</div>
          </td>
          <td style="width: 12.94%; vertical-align: top;">
            <div>MT</div>
          </td>
          <td style="width: 20.51%; vertical-align: top;" colspan="2">
            <div>NE</div>
          </td>
          <td style="width: 11.6%; vertical-align: top;">
            <div>NV</div>
          </td>
          <td style="width: 15.05%; vertical-align: top;">
            <div>NH</div>
          </td>
          <td style="width: 7.28%; vertical-align: top;">&#160;</td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 13.63%; vertical-align: top;" colspan="2">
            <div>NJ</div>
          </td>
          <td style="width: 16.68%; vertical-align: top;">
            <div>NM</div>
          </td>
          <td style="width: 12.94%; vertical-align: top;">
            <div>NY</div>
          </td>
          <td style="width: 20.51%; vertical-align: top;" colspan="2">
            <div>NC</div>
          </td>
          <td style="width: 11.6%; vertical-align: top;">
            <div>ND</div>
          </td>
          <td style="width: 15.05%; vertical-align: top;">
            <div>OH</div>
          </td>
          <td style="width: 7.28%; vertical-align: top;">&#160;</td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 13.63%; vertical-align: top;" colspan="2">
            <div>OK</div>
          </td>
          <td style="width: 16.68%; vertical-align: top;">
            <div>OR</div>
          </td>
          <td style="width: 12.94%; vertical-align: top;">
            <div>PA</div>
          </td>
          <td style="width: 20.51%; vertical-align: top;" colspan="2">
            <div>RI</div>
          </td>
          <td style="width: 11.6%; vertical-align: top;">
            <div>SC</div>
          </td>
          <td style="width: 15.05%; vertical-align: top;">
            <div>SD</div>
          </td>
          <td style="width: 7.28%; vertical-align: top;">&#160;</td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 13.63%; vertical-align: top;" colspan="2">
            <div>TN</div>
          </td>
          <td style="width: 16.68%; vertical-align: top;">
            <div>TX</div>
          </td>
          <td style="width: 12.94%; vertical-align: top;">
            <div>UT</div>
          </td>
          <td style="width: 20.51%; vertical-align: top;" colspan="2">
            <div>VT</div>
          </td>
          <td style="width: 11.6%; vertical-align: top;">
            <div>VA</div>
          </td>
          <td style="width: 15.05%; vertical-align: top;">
            <div>WA</div>
          </td>
          <td style="width: 7.28%; vertical-align: top;">&#160;</td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 13.63%; vertical-align: top;" colspan="2">
            <div>WV</div>
          </td>
          <td style="width: 16.68%; vertical-align: top;">
            <div>WI</div>
          </td>
          <td style="width: 12.94%; vertical-align: top;">
            <div>WY</div>
          </td>
          <td style="width: 20.51%; vertical-align: top;" colspan="2">
            <div>PUERTO RICO</div>
          </td>
          <td style="width: 11.6%; vertical-align: top;">&#160;</td>
          <td style="width: 15.05%; vertical-align: top;">&#160;</td>
          <td style="width: 7.28%; vertical-align: top;">&#160;</td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 97.69%; vertical-align: top;" colspan="9">&#160;</td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 97.69%; vertical-align: top;" colspan="9">
            <div>3. Exact name of investment company as specified in registration statement:</div>
          </td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 97.69%; vertical-align: top;" colspan="9">&#160;</td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top;" colspan="11">
            <div>Templeton Global Income Fund</div>
          </td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 4.95%; vertical-align: top;">&#160;</td>
          <td style="width: 92.73%; vertical-align: top;" colspan="8">&#160;</td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 4.95%; vertical-align: top;">&#160;</td>
          <td style="width: 92.73%; vertical-align: bottom;" colspan="8">&#160;</td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 97.69%; vertical-align: top;" colspan="9">&#160;</td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 97.69%; vertical-align: top;" colspan="9">
            <div>4. Address of principal executive office: (number, street, city, state, zip code)</div>
          </td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 97.69%; vertical-align: top;" colspan="9">
            <div style="text-align: center;">300 S.E. 2<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">nd</sup> Street, Fort Lauderdale, FL 33301-1923</div>
          </td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div>[PWC LOGO]</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Report of Independent Accountants</div>
    <div><br>
    </div>
    <div>To the Board of Trustees of</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z47c1365727f2450a973a577a9f0bbaa9" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Franklin Limited Duration Income Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Templeton Global Investment Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Franklin Real Estate Securities Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Franklin Strategic Series</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Franklin High Income Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Franklin U.S Government Money Fund</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Franklin Templeton Money Fund Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Institutional Fiduciary Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Franklin Global Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Franklin Gold and Precious Metals Fund</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Franklin Universal Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Templeton China World Fund</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Templeton Emerging Markets Fund</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Templeton Emerging Markets Income Fund</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Templeton Funds</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Templeton Global Income Fund</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Templeton Global Smaller Companies Fund</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Templeton Income Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Franklin Custodian Funds</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Franklin Strategic Mortgage Portfolio</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Franklin Investors Securities Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Franklin Templeton Global Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Franklin Templeton International Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Franklin Value Investors Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Templeton Developing Markets Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Franklin Fund Allocator Series</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Franklin Templeton Variable Insurance Products Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Templeton Institutional Funds</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Franklin ETF Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div>Franklin Managed Trust</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>and the Board of Directors of</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zc595f53719174b42a58d975f91a4edda" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 100%; vertical-align: middle;">
            <div>Templeton Growth Fund, Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: middle;">
            <div>Templeton Dragon Fund, Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: middle;">
            <div>Templeton Global Opportunities Trust</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="font-size: 8pt;">PricewaterhouseCoopers LLP, PricewaterhouseCoopers Center, 300 Madison Avenue, New York, NY 10017 T: (646) 471 3000, F: (813) 286 6000, www.pwc.com/us</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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    </div>
    <div><br>
    </div>
    <div>We have examined management's assertion, included in the accompanying Management Statement Regarding Compliance with Certain Provisions of the Investment
      Company Act of 1940, that each of the Funds listed in Attachment I (hereafter referred to as the &#8220;Funds&#8221;) complied with the requirements of subsections (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940 (&#8220;the Act&#8221;) as of January 31,
      2018.&#160; The Funds&#8217; management is responsible for its assertion and the Company&#8217;s compliance with those requirements.&#160; Our responsibility is to express an opinion on management's assertion about the Funds' compliance with the specified requirements
      based on our examination.</div>
    <div><br>
    </div>
    <div>Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and in accordance with
      attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether management&#8217;s assertion about compliance with
      the specified requirements is fairly stated, in all material respects, and, accordingly, included examining, on a test basis, evidence about the Funds' compliance with those requirements and performing such other procedures as we considered necessary
      in the circumstances.&#160; Included among our procedures were the following tests performed as of January 31, 2018, and with respect to agreement of security purchases and sales, for the period from July 31, 2017 (the date of our last examinations),
      through January 31, 2018:</div>
    <div><br>
    </div>
    <div>
      <div>
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            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div>Without prior notice to management, confirmation of all securities held by Franklin Templeton Investors Services, Inc., transfer agent, as they pertain to the
                  security positions owned by the Funds and held in book entry form.</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z7b1f776f237f40ab84ad59484ac977f5" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div>Reconciliation of such security positions to the books and records of the Funds.</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z48f989c522b3451590e35134b7f0467c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
              <td style="width: auto; vertical-align: top;">
                <div>Agreement of 55 security purchases and 55 security sales, since our last report, from the books and records of the Funds to the records of the transfer agent.</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div>We believe that our examination provides, and that the evidence we obtained is sufficient and appropriate to provide, a reasonable basis for our opinion.&#160; Our
      examination does not provide a legal determination on the Funds' compliance with specified requirements.</div>
    <div><br>
    </div>
    <div>In our opinion, management's assertion that the Funds complied with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of
      1940 as of January 31, 2018 with respect to securities reflected in the investment accounts of the Funds is fairly stated, in all material respects.</div>
    <div><br>
    </div>
    <div>This report is intended solely for the information and use of management and the Board of Directors and Trustees of the Funds and the Securities and Exchange
      Commission and is not intended to be and should not be used by anyone other than these specified parties.</div>
    <div><br>
    </div>
    <div>/s/PRICEWATERHOUSECOOPERS, LLP</div>
    <div><br>
    </div>
    <div>August 30, 2018</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
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    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zee22ff811a754ed49ebe6684921680be" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div><img width="154" height="77" src="image0.jpg"></div>
            <div>&#160;</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-size: 8pt; font-weight: bold;">Franklin Templeton Services, LLC</div>
            <div style="font-size: 8pt;">3310 Quality Drive</div>
            <div style="font-size: 8pt;">Rancho Cordova, CA 95670</div>
            <div style="font-size: 8pt;"><font style="font-weight: bold;">tel</font>&#160;&#160; (800) 632.2350</div>
            <div style="font-size: 8pt;">franklintempleton.com</div>
            <div>&#160;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Management Statement Regarding Compliance with Certain</div>
    <div style="text-align: center; font-weight: bold;">Provisions of the Investment Company Act of 1940</div>
    <div><br>
    </div>
    <div>We, as members of management of the Franklin Templeton Funds indicated in Attachment I (the &#8220;Funds&#8221;), are responsible for complying with the requirements of
      subsections (b) and (c) of Rule 17f-2, &#8220;Custody of Investments by Registered Management Investment Companies,&#8221; of the Investment Company Act of 1940.&#160; We are also responsible for establishing and maintaining effective internal controls over
      compliance with those requirements.&#160; We have performed an evaluation of the Funds&#8217; compliance with the requirements of subsection (b) of Rule 17f-2, as interpreted in Franklin Investors Securities Trust SEC No-Action Letter (publicly available
      September 24, 1992), and subsection (c) of Rule 17f-2 of the Investment Company Act of 1940, as of January 31, 2018, and for the periods indicated in Attachment I.</div>
    <div><br>
    </div>
    <div>Based on this evaluation, we assert that the Funds were in compliance with the requirements of subsection (b) of Rule 17f-2, as interpreted in Franklin
      Investors Securities Trust SEC No-Action Letter (publicly available September 24, 1992), and subsection (c) of Rule 17f-2 of the Investment Company Act of 1940, as of January 31, 2018, and for the periods indicated in Attachment I, with respect to
      securities reflected in the investment accounts of the Funds.</div>
    <div><br>
    </div>
    <div>By:</div>
    <div><br>
    </div>
    <div><u>/s/GASTON GARDEY</u></div>
    <div style="font-weight: bold;">Gaston Gardey</div>
    <div style="font-style: italic;">Chief Financial Officer and Chief Accounting Officer</div>
    <div style="text-indent: 9pt; font-style: italic;">Franklin Funds Board</div>
    <div>Date <u>August 30, 2018</u></div>
    <div><br>
    </div>
    <div><u>/s/ROBERT G. KUBILIS</u></div>
    <div style="font-weight: bold;">Robert G. Kubilis</div>
    <div style="font-style: italic;">Chief Financial Officer and Chief Accounting Officer</div>
    <div style="text-indent: 9pt; font-style: italic;">Templeton, New Jersey and Alternative Strategies Funds Board</div>
    <div>Date <u>August 30, 2018</u></div>
    <div><br>
    </div>
    <div><u>/s/MATTHEW T. HINKLE</u></div>
    <div style="font-weight: bold;">Matthew T. Hinkle</div>
    <div style="font-style: italic;">Chief Executive Officer - Finance and Administration</div>
    <div>Date <u>August 30, 2018</u></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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    </div>
    <div>
      <div style="text-align: right; font-weight: bold;">Attachment I</div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z597f990e707e4e61b5a96a14292f1a38" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 51.63%; vertical-align: bottom; border-bottom: #000000 1px solid;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Fund</div>
          </td>
          <td style="width: 2.18%; vertical-align: bottom; border-bottom: #000000 1px solid;">&#160;</td>
          <td style="width: 39.14%; vertical-align: bottom; border-bottom: #000000 1px solid;" colspan="2">
            <div style="font-style: italic; font-weight: bold;">Period</div>
          </td>
          <td style="width: 7.04%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Limited Duration Income Trust</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Global Investment Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Templeton Emerging Markets Balanced Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Templeton Emerging Markets Small Cap Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Templeton Frontier Markets Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Templeton Global Balanced Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Templeton Dynamic Equity Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Real Estate Securities Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Real Estate Securities Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Strategic Series:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Biotechnology Discovery Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Flexible Alpha Bond Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Focused Core Equity Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Growth Opportunities Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Natural Resources Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Small Cap Growth Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Small-Mid Cap Growth Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Strategic Income Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin High Income Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin High Income Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin U.S. Government Money Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">&#160;</td>
          <td style="width: 4.16%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Templeton Money Fund Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Templeton U.S. Government Money Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Institutional Fiduciary Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Money Market Portfolio</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Global Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Emerging Market Debt Opportunities Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin International Growth Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Global Listed Infrastructure Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Gold and Precious Metals Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Universal Trust</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton China World Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Emerging Markets Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Emerging Markets Income Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>

    </table>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div>
      <div style="text-align: right; font-weight: bold;">Attachment I</div>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z34c4255206764ecb8d7e07fc5bbebea2" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Funds:</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Templeton Foreign Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Templeton World Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Global Income Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Global Smaller Companies Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Growth Fund, Inc.</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Income Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Templeton Emerging Markets Bond Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Templeton Global Bond Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Templeton Global Total Return Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Templeton International Bond Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Custodian Funds:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin DynaTech Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Growth Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Income Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin U.S. Government Securities Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Utilities Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Focused Growth Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Strategic Mortgage Portfolio</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Investors Securities Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Adjustable U.S. Government Securities Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Balanced Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Convertible Securities Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Equity Income Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Floating Rate Daily Access Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Low Duration Total Return Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Real Return Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Total Return Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Templeton Global Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Templeton Global Currency Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Templeton International Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin India Growth Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Value Investors Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Balance Sheet Investment Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin MicroCap Value Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Small Cap Value Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Developing Markets Trust</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Fund Allocator Series:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>

    </table>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div>
      <div style="text-align: right; font-weight: bold;">Attachment I</div>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="ze80bd62877ae4956839b111071e14682" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Conservative Allocation Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Corefolio Allocation Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Founding Funds Allocation Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Growth Allocation Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin LifeSmart Retirement Income Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin LifeSmart 2020 Retirement Target Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin LifeSmart 2025 Retirement Target Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin LifeSmart 2030 Retirement Target Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin LifeSmart 2035 Retirement Target Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin LifeSmart 2040 Retirement Target Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin LifeSmart 2045 Retirement Target Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin LifeSmart 2050 Retirement Target Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin LifeSmart 2055 Retirement Target Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Moderate Allocation Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin NextStep Conservative Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin NextStep Moderate Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin NextStep Growth Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Payout 2018 Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Payout 2019 Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Payout 2020 Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Payout 2021 Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Payout 2022 Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Templeton Variable Insurance Products Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Flex Cap Growth VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Founding Funds Allocation VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Income VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Mutual Global Discovery VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Mutual Shares VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Rising Dividends VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Small Cap Value VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Small-Mid Cap Growth VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin Strategic Income VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Franklin VolSmart Allocation VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Templeton Developing Markets VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Templeton Foreign VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Templeton Growth VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Templeton Global Bond VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Dragon Fund, Inc.</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Global Opportunities Trust</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Institutional Funds:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Emerging Markets Series</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Foreign Equity Series</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Foreign Smaller Companies Series</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom;" colspan="2">
            <div>Global Equity Series</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom;" colspan="3">&#160;</td>
          <td style="width: 4.16%; vertical-align: bottom;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
        </tr>

    </table>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div>
      <div style="text-align: right; font-weight: bold;">Attachment I</div>
    </div>
    <div><br>
    </div>
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        <tr>
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            <div>August 1, 2017 - January 31, 2018</div>
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          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;">&#160;</td>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
