<SEC-DOCUMENT>0000828803-22-000003.txt : 20220203
<SEC-HEADER>0000828803-22-000003.hdr.sgml : 20220203
<ACCEPTANCE-DATETIME>20220203093317
ACCESSION NUMBER:		0000828803-22-000003
CONFORMED SUBMISSION TYPE:	40-17F2
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20220203
DATE AS OF CHANGE:		20220203
EFFECTIVENESS DATE:		20220203

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:		22586811

	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>gim17f2-pe113018.htm
<TEXT>

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   <TITLE>gim17f2-pe113018.htm - Generated by SEC Publisher for SEC Filing</TITLE>
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<a name="page_1"></a><a name="_bclPageBorder1"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;text-align:center;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">UNITED STATES</font></p>

<p align=center style="margin:0in;text-align:center;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">SECURITIES AND EXCHANGE COMMISSION</font></p>

<p align=center style="margin:0in;text-align:center;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">WASHINGTON, D.C. 20549</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;text-align:center;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">FORM N-17F-2</font></p>

<p align=center style="margin:0in;text-align:center;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;text-align:center;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">CERTIFICATE OF ACCOUNTING OF SECURITIES AND
SIMILAR</font></p>

<p align=center style="margin:0in;text-align:center;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">INVESTMENTS IN THE CUSTODY OF</font></p>

<p align=center style="margin:0in;text-align:center;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">MANAGEMENT INVESTMENT COMPANIES</font></p>

<p align=center style="margin:0in;text-align:center;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;text-align:center;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">PURSUANT TO RULE N-17F-2 [17 CFR 270.17f-2]</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:0pt;width:625.950012pt;">
 <tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=5 valign=top width=57% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">1. Investment
  Company Act File Number:</font></p>
  </td>
 <td colspan=4 valign=top width=39% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Date Examination
  completed:</font></p>
  </td>
 <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=5 valign=top width=57% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;text-indent:.5in;"><font face="courier new" style="font-size:10.0pt;">811
  -05459</font></p>
  </td>
 <td colspan=4 valign=top width=39% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;text-indent:30.6pt;"><font face="courier new" style="font-size:10.0pt;">April
  12, 2019</font></p>
  </td>
 <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=5 valign=top width=57% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 valign=top width=39% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=5 valign=top width=57% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">2. State
  Identification Number:</font></p>
  </td>
 <td colspan=4 valign=top width=39% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=2 valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=top width=20% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=9% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=2 valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">AL</font></p>
  </td>
 <td valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">AK</font></p>
  </td>
 <td valign=top width=13% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">AZ</font></p>
  </td>
 <td colspan=2 valign=top width=20% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">AR</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">CA </font></p>
  </td>
 <td valign=top width=14% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">CO</font></p>
  </td>
 <td colspan=2 width=9% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=2 valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">CT</font></p>
  </td>
 <td valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">DE </font></p>
  </td>
 <td valign=top width=13% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">DC</font></p>
  </td>
 <td colspan=2 valign=top width=20% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">FL</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">GA</font></p>
  </td>
 <td valign=top width=14% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">HI</font></p>
  </td>
 <td colspan=2 width=9% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=2 valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">ID</font></p>
  </td>
 <td valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">IL</font></p>
  </td>
 <td valign=top width=13% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">IN</font></p>
  </td>
 <td colspan=2 valign=top width=20% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">IA</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">KS</font></p>
  </td>
 <td valign=top width=14% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">KY</font></p>
  </td>
 <td colspan=2 width=9% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=2 valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">LA</font></p>
  </td>
 <td valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">ME</font></p>
  </td>
 <td valign=top width=13% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">MD</font></p>
  </td>
 <td colspan=2 valign=top width=20% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">MA</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">MI</font></p>
  </td>
 <td valign=top width=14% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">MN</font></p>
  </td>
 <td colspan=2 width=9% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=2 valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">MS</font></p>
  </td>
 <td valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">MO</font></p>
  </td>
 <td valign=top width=13% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">MT</font></p>
  </td>
 <td colspan=2 valign=top width=20% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">NE</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">NV </font></p>
  </td>
 <td valign=top width=14% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">NH</font></p>
  </td>
 <td colspan=2 width=9% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=2 valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">NJ</font></p>
  </td>
 <td valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">NM</font></p>
  </td>
 <td valign=top width=13% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">NY</font></p>
  </td>
 <td colspan=2 valign=top width=20% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">NC</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">ND </font></p>
  </td>
 <td valign=top width=14% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">OH</font></p>
  </td>
 <td colspan=2 width=9% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=2 valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">OK</font></p>
  </td>
 <td valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">OR</font></p>
  </td>
 <td valign=top width=13% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">PA</font></p>
  </td>
 <td colspan=2 valign=top width=20% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">RI</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">SC </font></p>
  </td>
 <td valign=top width=14% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">SD</font></p>
  </td>
 <td colspan=2 width=9% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=2 valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">TN</font></p>
  </td>
 <td valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">TX </font></p>
  </td>
 <td valign=top width=13% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">UT</font></p>
  </td>
 <td colspan=2 valign=top width=20% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">VT</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">VA</font></p>
  </td>
 <td valign=top width=14% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">WA</font></p>
  </td>
 <td colspan=2 width=9% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=2 valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">WV</font></p>
  </td>
 <td valign=top width=15% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">WI</font></p>
  </td>
 <td valign=top width=13% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">WY</font></p>
  </td>
 <td colspan=2 valign=top width=20% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">PUERTO RICO</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=9% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=9 valign=top width=96% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=9 valign=top width=96% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">3. Exact name of
  investment company as specified in registration statement:</font></p>
  </td>
 <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=9 valign=top width=96% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td colspan=11 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Global
  Income Fund</font></p>
  </td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td valign=top width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=8 valign=top width=90% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:11.5pt;">
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td valign=top width=6% style="height:11.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=8 valign=bottom width=90% style="height:11.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=9 valign=top width=96% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=9 valign=top width=96% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">4. Address of
  principal executive office: (number, street, city, state, zip code)</font></p>
  </td>
 <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 <td colspan=9 valign=top width=96% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;text-align:center;"><font face="courier new" style="font-size:10.0pt;">300 S.E. 2<sup>nd</sup> Street, Fort
  Lauderdale, FL 33301-1923</font></p>
  </td>
 <td width=2% style="padding:0in 0in 0in 0in;"><p style="margin:0in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr height=0>
  <td width=2%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=9%>&nbsp;</td>
 <td width=15%>&nbsp;</td>
 <td width=13%>&nbsp;</td>
 <td width=14%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=12%>&nbsp;</td>
 <td width=14%>&nbsp;</td>
 <td width=7%>&nbsp;</td>
 <td width=2%>&nbsp;</td>
 </tr>
</table></div>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>




<p style="margin:0in;margin-bottom:8.0pt;"><font face="courier new" lang=EN-US style="font-size:10.0pt;line-height:107%;">&nbsp;</font></p>


</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_2"></a><a name="_bclPageBorder2"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">[PWC
LOGO]</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="margin:0in;page-break-after:auto;text-align:center;"><b><font face="courier new" style="font-size:10.0pt;">Report of Independent Accountants</font></b></h1>

<p align=center style="margin:0in;text-align:center;"><b><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">To the Board of
Trustees of</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.45in;width:343.799988pt;">
 <tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Limited
  Duration Income Trust</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Global
  Investment Trust</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Real
  Estate Securities Trust</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Strategic
  Series</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin High
  Income Trust</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin U.S.
  Government Money Fund</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Templeton
  Money Fund Trust</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Institutional
  Fiduciary Trust</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Global
  Trust</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Gold and
  Precious Metals Fund</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Universal
  Trust</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton China
  World Fund</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Emerging
  Markets Fund</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Emerging
  Markets Income Fund</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Funds</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Global
  Income Fund</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Global
  Smaller Companies Fund</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Income
  Trust</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Custodian
  Funds</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Strategic
  Mortgage Portfolio</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Investors
  Securities Trust</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Templeton
  Global Trust</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Templeton
  International Trust</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton
  Developing Markets Trust</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Fund
  Allocator Series</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Managed
  Trust</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Templeton
  Variable Insurance Products Trust</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton
  Institutional Funds</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin ETF Trust</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Managed
  Trust</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">and the Board of
Directors of:</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.45in;width:343.799988pt;">
 <tr style="height:13.05pt;">
  <td nowrap valign=bottom width=100% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Growth
  Fund, Inc.</font></p>
  </td>
 </tr>
<tr style="height:13.6pt;">
  <td nowrap width=100% style="height:13.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Dragon
  Fund, Inc.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">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 November 30,
2018.&#160; The Funds&#8217; management is responsible for its assertion and the Funds&#8217;
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.</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">Our examination was
conducted in accordance with the standards of the Public Company Accounting
Oversight Board (United States) and in accordance with </font><font face="courier new" lang=EN-US style="font-size:10.0pt;">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 November 30, 2018, and with
respect to agreement of security purchases and sales, for the period from June
30, 2018 (the date of our last examination) through November 30, 2018:</font></p>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_3"></a><a name="_bclPageBorder3"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">


<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<ul type=disc style="margin-bottom:0in;margin-top:0in;">
 <li style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">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</font></li>
 <li style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">Reconciliation of
     all such securities to the books and records of the Funds and the transfer
     agent</font></li>
 <li style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">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</font></li>
</ul>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">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.</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">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 November 30, 2018 with respect to securities reflected in the investment
account of the Funds is fairly stated, in all material respects.</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">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.</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">/s/PRICEWATERHOUSECOOPERS,
LLP</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">April 12, 2019</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:8.0pt;">PricewaterhouseCoopers
LLP, PricewaterhouseCoopers Center, 300 Madison Avenue, New York, NY 10017</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:8.0pt;">T: (646)
471 3000, F: (813) 286 6000, www.pwc.com/us</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;text-align:center;"><font color=black face="courier new" lang=EN-GB style="font-size:12.0pt;layout-grid-mode:line;">&nbsp;</font></p>




<p style="margin:0in;margin-bottom:8.0pt;"><font color=black face="courier new" lang=EN-GB style="font-size:10.0pt;layout-grid-mode:line;line-height:107%;">&nbsp;</font></p>


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<p style="margin:0in;"><font color=black face="courier new" lang=EN-GB style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p align=center style="margin:0in;text-align:center;"><img height=90 src="x22020209470100.gif" width=625>&nbsp;</p>

<p align=center style="margin:0in;text-align:center;"><b><font color=black face="courier new" lang=EN-GB style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>

<p align=center style="margin:0in;text-align:center;"><b><font color=black face="courier new" lang=EN-GB style="font-size:10.0pt;layout-grid-mode:line;">Management
Statement Regarding Compliance with Certain</font></b></p>

<p align=center style="margin:0in;text-align:center;"><b><font face="courier new" lang=EN-US style="font-size:10.0pt;">Provisions of the Investment Company Act of
1940</font></b></p>

<p style="margin:0in;"><b><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">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, Custody of Investments by Registered Management
Investment Companies 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) and (c) of Rule 17f-2
as of November 30, 2018, and for the periods indicated in Attachment I.</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">Based on this
evaluation, we assert that the Funds were in compliance with the requirements
of subsection (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940
as of November 30, 2018, and for the periods indicated in Attachment I, with
respect to securities reflected in the investment accounts of the Funds.</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">By:</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><u><font face="courier new" lang=EN-US style="font-size:10.0pt;">/s/GASTON GARDEY</font></u></p>

<p style="margin:0in;"><b><font face="courier new" lang=EN-US style="font-size:10.0pt;">Gaston Gardey</font></b></p>

<p style="margin:0in;"><i><font face="courier new" lang=EN-US style="font-size:10.0pt;">Chief Financial
Officer and Chief Accounting Officer Franklin Funds</font></i></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">Date </font><u><font face="courier new" lang=EN-US style="font-size:10.0pt;">April 12,
2019</font></u></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font color=black face="courier new" lang=EN-GB style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0in;"><u><font face="courier new" lang=EN-US style="font-size:10.0pt;">/s/ROBERT G.
KUBILIS</font></u></p>

<p style="margin:0in;"><b><font face="courier new" lang=EN-US style="font-size:10.0pt;">Robert G. Kubilis</font></b></p>

<p style="margin:0in;"><i><font face="courier new" lang=EN-US style="font-size:10.0pt;">Chief Financial
Officer and Chief Accounting Officer &#8211; Templeton Funds</font></i></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">Date </font><u><font face="courier new" lang=EN-US style="font-size:10.0pt;">April 12,
2019</font></u></p>

<p style="margin:0in;"><font color=black face="courier new" lang=EN-GB style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0in;"><font color=black face="courier new" lang=EN-GB style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0in;"><u><font face="courier new" lang=EN-US style="font-size:10.0pt;">/s/MATTHEW T.
HINKLE</font></u></p>

<p style="margin:0in;"><b><font face="courier new" lang=EN-US style="font-size:10.0pt;">Matthew T. Hinkle</font></b></p>

<p style="margin:0in;"><i><font face="courier new" lang=EN-US style="font-size:10.0pt;">Chief Executive
Officer - Finance and Administration</font></i></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">Date </font><u><font face="courier new" lang=EN-US style="font-size:10.0pt;">April 12,
2019</font></u></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font color=black face="courier new" lang=EN-GB style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>









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<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:0pt;width:592.199951pt;">
 <tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="border-bottom:solid windowtext 1.0pt;height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="border-bottom:solid windowtext 1.0pt;height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;text-align:right;"><b><i><font face="courier new" style="font-size:10.0pt;">Attachment I</font></i></b></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Fund</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><font face="courier new" style="font-size:10.0pt;">Period</font></b></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Franklin
  Limited Duration Income Trust</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:8.55pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=5% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Templeton
  Global Investment Trust:</font></i></b></p>
  </td>
 <td valign=bottom width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Emerging
  Markets Balanced Fund</font></p>
  </td>
 <td valign=bottom width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Emerging
  Markets Small Cap Fund</font></p>
  </td>
 <td valign=bottom width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Frontier
  Markets Fund</font></p>
  </td>
 <td valign=bottom width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Global Balanced
  Fund</font></p>
  </td>
 <td valign=bottom width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Dynamic
  Equity Fund</font></p>
  </td>
 <td valign=bottom width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:8.55pt;">
  <td nowrap valign=bottom width=5% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=top width=5% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Franklin
  Real Estate Securities Trust:</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:17.1pt;">
  <td nowrap valign=bottom width=5% style="height:17.1pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:17.1pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Real
  Estate Securities Fund</font></p>
  </td>
 <td valign=top width=5% style="height:17.1pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:17.1pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=5% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Franklin
  Strategic Series:</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.85pt;">
  <td nowrap valign=bottom width=5% style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin
  Biotechnology Discovery Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Flexible
  Alpha Bond Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Select
  U.S. Equity Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Growth
  Opportunities Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Natural
  Resources Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Small Cap
  Growth Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Small-Mid
  Cap Growth Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Strategic
  Income Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:9.9pt;">
  <td nowrap valign=bottom width=5% style="height:9.9pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:9.9pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:9.9pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:9.9pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Franklin
  High Income Trust:</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.6pt;">
  <td nowrap valign=bottom width=5% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin High
  Income Fund</font></p>
  </td>
 <td valign=top width=5% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:6.75pt;">
  <td nowrap valign=bottom width=5% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Franklin
  U.S. Government Money Fund</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 - November
  30, 2018</font></p>
  </td>
 </tr>
<tr style="height:5.85pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:5.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:5.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:5.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Franklin Templeton
  Money Fund Trust</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:22.05pt;">
  <td nowrap valign=bottom width=5% style="height:22.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:22.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Templeton
  U.S. Government Money Market Fund</font></p>
  </td>
 <td valign=top width=5% style="height:22.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:22.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:11.7pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:11.7pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:11.7pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:11.7pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Institutional
  Fiduciary Trust:</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.25in;">
  <td nowrap valign=bottom width=5% style="height:.25in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:.25in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Money Market
  Portfolio<sup>a</sup></font></p>
  </td>
 <td valign=top width=5% style="height:.25in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.25in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:6.75pt;">
  <td nowrap valign=bottom width=5% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:6.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Franklin
  Global Trust:</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:23.85pt;">
  <td nowrap valign=bottom width=5% style="height:23.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:23.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Emerging
  Market Debt Opportunities Fund</font></p>
  </td>
 <td valign=top width=5% style="height:23.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:23.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin
  International Growth Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Global
  Listed Infrastructure Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:8.1pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:8.1pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=top width=5% style="height:8.1pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:8.1pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Franklin
  Gold and Precious Metals Fund</font></i></b></p>
  </td>
 <td nowrap valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:7.65pt;">
  <td nowrap valign=bottom width=5% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Franklin
  Universal Trust</font></i></b></p>
  </td>
 <td nowrap valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:8.55pt;">
  <td nowrap valign=bottom width=5% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=top width=5% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Templeton
  China World Fund</font></i></b></p>
  </td>
 <td valign=top width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 - November
  30, 2018</font></p>
  </td>
 </tr>
<tr style="height:7.65pt;">
  <td nowrap valign=bottom width=5% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=top width=5% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Templeton
  Emerging Markets Fund</font></i></b></p>
  </td>
 <td nowrap valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:7.65pt;">
  <td nowrap valign=bottom width=5% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=top width=5% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Templeton
  Emerging Markets Income Fund</font></i></b></p>
  </td>
 <td nowrap valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:.15in;">
  <td nowrap valign=bottom width=5% style="height:.15in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:.15in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=top width=5% style="height:.15in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.15in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Templeton Funds:</font></i></b></p>
  </td>
 <td valign=top width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Foreign
  Fund</font></p>
  </td>
 <td valign=top width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton World
  Fund</font></p>
  </td>
 <td valign=top width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton
  International Climate Change Fund</font></p>
  </td>
 <td valign=top width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:7.65pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=top width=5% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Templeton
  Global Income Fund</font></i></b></p>
  </td>
 <td nowrap valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:4.05pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:4.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=top width=5% style="height:4.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:4.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Templeton
  Global Smaller Companies Fund</font></i></b></p>
  </td>
 <td nowrap valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:5.85pt;">
  <td nowrap valign=bottom width=5% style="height:5.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:5.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=top width=5% style="height:5.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:5.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Templeton
  Growth Fund, Inc.</font></i></b></p>
  </td>
 <td nowrap valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:7.65pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=top width=5% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Templeton
  Income Trust:</font></i></b></p>
  </td>
 <td valign=top width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Emerging
  Markets Bond Fund</font></p>
  </td>
 <td valign=top width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Global
  Bond Fund</font></p>
  </td>
 <td valign=top width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Global
  Total Return Fund</font></p>
  </td>
 <td valign=top width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton
  International Bond Fund</font></p>
  </td>
 <td valign=top width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:.15in;">
  <td nowrap valign=bottom width=5% style="height:.15in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:.15in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=top width=5% style="height:.15in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.15in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Franklin
  Custodian Funds:</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin DynaTech Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Growth Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Income Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td nowrap valign=bottom width=5% style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin U.S.
  Government Securities Fund</font></p>
  </td>
 <td valign=top width=5% style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Utilities
  Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Focused
  Growth Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:4.95pt;">
  <td nowrap valign=bottom width=5% style="height:4.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:4.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:4.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:4.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Franklin
  Strategic Mortgage Portfolio</font></i></b></p>
  </td>
 <td nowrap valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:8.55pt;">
  <td nowrap valign=bottom width=5% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=top width=5% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Franklin
  Investors Securities Trust:</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.75pt;">
  <td nowrap valign=bottom width=5% style="height:24.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:24.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin
  Adjustable U.S. Government Securities Fund</font></p>
  </td>
 <td valign=top width=5% style="height:24.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:24.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Balanced Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin
  Convertible Securities Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Equity
  Income Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Floating
  Rate Daily Access Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Low
  Duration Total Return Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Real
  Return Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Total
  Return Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:.15in;">
  <td nowrap valign=bottom width=5% style="height:.15in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:.15in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:.15in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.15in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Franklin
  Templeton Global Trust:</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.85pt;">
  <td nowrap valign=bottom width=5% style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Global
  Currency Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:8.55pt;">
  <td nowrap valign=bottom width=5% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=top width=5% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Franklin
  Templeton International Trust:</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.85pt;">
  <td nowrap valign=bottom width=5% style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin India
  Growth Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:8.55pt;">
  <td nowrap valign=bottom width=5% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=top width=5% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:8.55pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Templeton
  Developing Markets Trust</font></i></b></p>
  </td>
 <td valign=top width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:7.65pt;">
  <td nowrap valign=bottom width=5% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:7.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Franklin
  Fund Allocator Series:</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.6pt;">
  <td nowrap valign=bottom width=5% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin
  Conservative Allocation Fund</font></p>
  </td>
 <td valign=top width=5% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:12.6pt;">
  <td nowrap valign=bottom width=5% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Corefolio
  Allocation Fund</font></p>
  </td>
 <td valign=top width=5% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=5% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Founding
  Funds Allocation Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:12.6pt;">
  <td nowrap valign=bottom width=5% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Growth
  Allocation Fund</font></p>
  </td>
 <td valign=top width=5% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.95pt;">
  <td nowrap valign=bottom width=5% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin LifeSmart
  Retirement Income Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:22.05pt;">
  <td nowrap valign=bottom width=5% style="height:22.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:22.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin LifeSmart
  2020 Retirement Target Fund</font></p>
  </td>
 <td valign=top width=5% style="height:22.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:22.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:22.5pt;">
  <td nowrap valign=bottom width=5% style="height:22.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:22.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin LifeSmart
  2025 Retirement Target Fund</font></p>
  </td>
 <td valign=top width=5% style="height:22.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:22.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:22.5pt;">
  <td nowrap valign=bottom width=5% style="height:22.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:22.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin LifeSmart
  2030 Retirement Target Fund</font></p>
  </td>
 <td valign=top width=5% style="height:22.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:22.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:22.95pt;">
  <td nowrap valign=bottom width=5% style="height:22.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:22.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin LifeSmart
  2035 Retirement Target Fund</font></p>
  </td>
 <td valign=top width=5% style="height:22.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:22.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:27.9pt;">
  <td nowrap valign=bottom width=5% style="height:27.9pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:27.9pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin LifeSmart
  2040 Retirement Target Fund</font></p>
  </td>
 <td valign=top width=5% style="height:27.9pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:27.9pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:23.4pt;">
  <td nowrap valign=bottom width=5% style="height:23.4pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:23.4pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin LifeSmart
  2045 Retirement Target Fund</font></p>
  </td>
 <td valign=top width=5% style="height:23.4pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:23.4pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:27.9pt;">
  <td nowrap valign=bottom width=5% style="height:27.9pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:27.9pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin LifeSmart
  2050 Retirement Target Fund</font></p>
  </td>
 <td valign=top width=5% style="height:27.9pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:27.9pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:23.85pt;">
  <td nowrap valign=bottom width=5% style="height:23.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:23.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin LifeSmart
  2055 Retirement Target Fund</font></p>
  </td>
 <td valign=top width=5% style="height:23.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:23.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=5% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Moderate
  Allocation Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=5% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin NextStep
  Conservative Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=5% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin NextStep
  Moderate Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=5% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin NextStep
  Growth Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=5% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Payout
  2018 Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=5% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Payout
  2019Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=5% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Payout
  2020 Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=5% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Payout
  2021 Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=5% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Payout
  2022 Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:9.45pt;">
  <td nowrap valign=bottom width=5% style="height:9.45pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:9.45pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:9.45pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:9.45pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Franklin
  Templeton Variable Insurance Products Trust:</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.6pt;">
  <td nowrap valign=bottom width=5% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Flex Cap
  Growth VIP Fund</font></p>
  </td>
 <td valign=top width=5% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Founding
  Funds Allocation VIP Fund</font></p>
  </td>
 <td valign=top width=5% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=5% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Income
  VIP Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.95pt;">
  <td nowrap valign=bottom width=5% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Mutual
  Global Discovery VIP Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.95pt;">
  <td nowrap valign=bottom width=5% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Mutual Shares
  VIP Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=5% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Rising
  Dividends VIP Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=5% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Small Cap
  Value VIP Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=5% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Small-Mid
  Cap Growth VIP Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=5% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Strategic
  Income VIP Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.95pt;">
  <td nowrap valign=bottom width=5% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin VolSmart
  Allocation VIP Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=5% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton
  Developing Markets VIP Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.95pt;">
  <td nowrap valign=bottom width=5% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Foreign
  VIP Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=5% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Global
  Bond VIP Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:13.95pt;">
  <td nowrap valign=bottom width=5% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Templeton Global
  Bond VIP Fund</font></p>
  </td>
 <td valign=top width=5% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 - November
  30, 2018</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td nowrap valign=bottom width=5% style="height:9.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:9.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:9.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:9.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Templeton
  Dragon Fund, Inc.</font></i></b></p>
  </td>
 <td nowrap valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:6.3pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:6.3pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=top width=5% style="height:6.3pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:6.3pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Templeton
  Institutional Funds:</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">International
  Equity Series</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Global Equity
  Series</font></p>
  </td>
 <td valign=top width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:8.1pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:8.1pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:8.1pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:8.1pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Franklin ETF
  Trust:</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.75pt;">
  <td nowrap valign=bottom width=5% style="height:24.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:24.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Liberty
  Short Duration U.S. Government ETF</font></p>
  </td>
 <td valign=top width=5% style="height:24.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:24.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=5% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=2 nowrap valign=bottom width=53% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Franklin
  Managed Trust:</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=42% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.85pt;">
  <td nowrap valign=bottom width=5% style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=48% style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Rising
  Dividends Fund</font></p>
  </td>
 <td valign=top width=5% style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=42% style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">June 30, 2018 -
  November 30, 2018</font></p>
  </td>
 </tr>
</table></div>


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