<SEC-DOCUMENT>0000828803-22-000021.txt : 20221012
<SEC-HEADER>0000828803-22-000021.hdr.sgml : 20221012
<ACCEPTANCE-DATETIME>20221012125941
ACCESSION NUMBER:		0000828803-22-000021
CONFORMED SUBMISSION TYPE:	40-17F2
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20221012
DATE AS OF CHANGE:		20221012
EFFECTIVENESS DATE:		20221012

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:		221306231

	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-pe_33121.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>gim17f2-pe_33121.htm - Generated by SEC Publisher for SEC Filing</TITLE>
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<BODY bgcolor="#ffffff">
<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;width:611.950012pt;">
 <tr>
  <td colspan=5 valign=top width=58% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">1.
  Investment Company Act File Number:</font></p>
  </td>
 <td colspan=4 valign=top width=42% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">Date
  Examination completed:</font></p>
  </td>
 </tr>
<tr>
  <td colspan=5 valign=top width=58% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;text-indent:.5in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">811 -05459</font></p>
  </td>
 <td colspan=4 valign=top width=42% 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;line-height:106%;">September 29, 2022</font></p>
  </td>
 </tr>
<tr>
  <td colspan=5 valign=top width=58% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">&nbsp;</font></p>
  </td>
 <td colspan=4 valign=top width=42% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=5 valign=top width=58% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">2.
  State Identification Number:</font></p>
  </td>
 <td colspan=4 valign=top width=42% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <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;line-height:106%;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">&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;line-height:106%;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=top width=21% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">&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;line-height:106%;">&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;line-height:106%;">&nbsp;</font></p>
  </td>
 <td width=8% 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=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;line-height:106%;">AL</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">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;line-height:106%;">AZ</font></p>
  </td>
 <td colspan=2 valign=top width=21% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">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;line-height:106%;">CA
  </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;line-height:106%;">CO</font></p>
  </td>
 <td width=8% 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=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;line-height:106%;">CT</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">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;line-height:106%;">DC</font></p>
  </td>
 <td colspan=2 valign=top width=21% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">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;line-height:106%;">GA</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;line-height:106%;">HI</font></p>
  </td>
 <td width=8% 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=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;line-height:106%;">ID</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">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;line-height:106%;">IN</font></p>
  </td>
 <td colspan=2 valign=top width=21% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">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;line-height:106%;">KS</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;line-height:106%;">KY</font></p>
  </td>
 <td width=8% 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=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;line-height:106%;">LA</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">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;line-height:106%;">MD</font></p>
  </td>
 <td colspan=2 valign=top width=21% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">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;line-height:106%;">MI</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;line-height:106%;">MN</font></p>
  </td>
 <td width=8% 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=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;line-height:106%;">MS</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">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;line-height:106%;">MT</font></p>
  </td>
 <td colspan=2 valign=top width=21% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">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;line-height:106%;">NV
  </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;line-height:106%;">NH</font></p>
  </td>
 <td width=8% 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=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;line-height:106%;">NJ</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">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;line-height:106%;">NY</font></p>
  </td>
 <td colspan=2 valign=top width=21% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">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;line-height:106%;">ND
  </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;line-height:106%;">OH</font></p>
  </td>
 <td width=8% 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=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;line-height:106%;">OK</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">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;line-height:106%;">PA</font></p>
  </td>
 <td colspan=2 valign=top width=21% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">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;line-height:106%;">SC
  </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;line-height:106%;">SD</font></p>
  </td>
 <td width=8% 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=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;line-height:106%;">TN</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">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;line-height:106%;">UT</font></p>
  </td>
 <td colspan=2 valign=top width=21% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">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;line-height:106%;">VA</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;line-height:106%;">WA</font></p>
  </td>
 <td width=8% 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=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;line-height:106%;">WV</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">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;line-height:106%;">WY</font></p>
  </td>
 <td colspan=2 valign=top width=21% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">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;line-height:106%;">&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;line-height:106%;">&nbsp;</font></p>
  </td>
 <td width=8% 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=9 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;line-height:106%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=9 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;line-height:106%;">3.
  Exact name of investment company as specified in registration statement:</font></p>
  </td>
 </tr>
<tr>
  <td colspan=9 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;line-height:106%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=9 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;text-indent:17.1pt;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">Templeton Global Income Fund</font></p>
  </td>
 </tr>
<tr>
  <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;line-height:106%;">&nbsp;</font></p>
  </td>
 <td colspan=8 valign=top width=94% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.5pt;">
  <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;line-height:106%;">&nbsp;</font></p>
  </td>
 <td colspan=8 valign=bottom width=94% style="height:11.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;line-height:106%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=9 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;line-height:106%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=9 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;line-height:106%;">4.
  Address of principal executive office: (number, street, city, state, zip
  code)</font></p>
  </td>
 </tr>
<tr>
  <td colspan=9 valign=top width=100% 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;line-height:106%;">300 S.E. 2<sup>nd</sup> Street, Fort
  Lauderdale, FL 33301-1923</font></p>
  </td>
 </tr>
<tr height=0>
  <td width=6%>&nbsp;</td>
 <td width=9%>&nbsp;</td>
 <td width=16%>&nbsp;</td>
 <td width=13%>&nbsp;</td>
 <td width=14%>&nbsp;</td>
 <td width=7%>&nbsp;</td>
 <td width=12%>&nbsp;</td>
 <td width=15%>&nbsp;</td>
 <td width=8%>&nbsp;</td>
 </tr>
</table></div>




<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 Registered Public Accounting Firm</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 Boards of
Trustees and Management 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 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 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 Floating
  Rate Master 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 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 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 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 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;">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 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
  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 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 Templeton
  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 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;">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;">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;">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;">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
  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;">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
  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;">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;">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;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">And the Boards of
Directors and Management 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:13.6pt;">
  <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 the Funds listed in Attachment A (collectively, 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 March 31, 2021.&#160; The
Funds&#8217; management is responsible for its assertion and the Funds&#8217; compliance
with those requirements. 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 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, </font><font face="courier new" lang=EN-US style="font-size:10.0pt;">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. Included
among our procedures were the following tests performed as of March 31, 2021,
and with respect to agreement of security purchases and sales, for the period
from January 1, 2021 (see Attachment A for details) through March 31, 2021:</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;">Confirmation of
     all securities held by Franklin Templeton Investors Services, Inc., (the
     &#8220;Transfer Agent&#8221;), as they pertain to the security positions owned by the
     Funds and held in book entry form</font></li>
</ul>

<p style="margin:0in;margin-left:.5in;"><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;">Reconciliation of
     all such securities to the books and records of the Funds and the Transfer
     Agent</font></li>
</ul>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top: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;">Agreement of 174
     security purchases and 206 security sales across the Funds 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. Our examination
does not provide a legal determination on the Funds' compliance with the 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;">We are required to
be independent and to meet our other ethical responsibilities in accordance
with relevant ethical requirements related to the engagement.</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 listed in Attachment A complied with the
requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company
Act of 1940 as of March 31, 2021 with respect to securities reflected in the
investment accounts 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 Boards of
Trustees or Boards of Directors of the Funds and the Securities and Exchange
Commission and is not intended to be and should not be used by anyone other
than the 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;">September 29, 2022</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, 405 Howard Street Suite 600, San Francisco, California 94105</font></p>

<p style="margin:0in;"><font face="courier new" lang=EN-US style="font-size:8.0pt;">T: (415)
498 5000, 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;"><font color=black face="courier new" lang=EN-GB style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_4"></a><a name="_bclPageBorder4"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:0pt;width:736.799988pt;">
 <tr style="height:14.25pt;">
  <td colspan=3 nowrap valign=bottom width=54% 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;">Attachment A</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=4% 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 style="margin:0in;"><b><i><font face="courier new" style="font-size:10.0pt;">Examination
  Period</font></i></b></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td colspan=3 nowrap valign=bottom width=54% 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=4% 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=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=bottom width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=bottom width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:8.55pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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=4% 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=3 nowrap valign=bottom width=54% 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=4% 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=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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=4% 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=3 nowrap valign=bottom width=54% 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=4% 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=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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
  SMACS Series E<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.85pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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 Templeton
  SMACS Series I<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:9.9pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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=4% 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=3 nowrap valign=bottom width=54% 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=4% 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=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:6.75pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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=4% 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=3 nowrap valign=bottom width=54% 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=4% 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=4% 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 colspan=2 nowrap valign=bottom width=50% 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=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:6.75pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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=4% 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=3 nowrap valign=bottom width=54% 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=4% 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=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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 Small Cap Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.15in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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=4% 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=3 nowrap valign=bottom width=54% 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup></p>
  </td>
 <td nowrap valign=bottom width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:8.1pt;">
  <td colspan=3 nowrap valign=bottom width=54% 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=4% 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=3 nowrap valign=bottom width=54% 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup></p>
  </td>
 <td nowrap valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:7.65pt;">
  <td colspan=2 nowrap valign=bottom width=15% 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=39% 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=4% 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=3 nowrap valign=bottom width=54% 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup></p>
  </td>
 <td nowrap valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:8.55pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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=4% 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=3 nowrap valign=bottom width=54% 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:7.65pt;">
  <td colspan=2 nowrap valign=bottom width=15% 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=39% 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=4% 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=3 nowrap valign=bottom width=54% 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup></p>
  </td>
 <td nowrap valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:7.65pt;">
  <td colspan=2 nowrap valign=bottom width=15% 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=39% 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=4% 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=3 nowrap valign=bottom width=54% 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<sup>a</sup></font></i></b></p>
  </td>
 <td nowrap valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.15in;">
  <td colspan=2 nowrap valign=bottom width=15% 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=39% 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=4% 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=3 nowrap valign=bottom width=54% 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=4% 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=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:7.65pt;">
  <td colspan=3 nowrap valign=bottom width=54% 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=4% 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=3 nowrap valign=bottom width=54% 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup></p>
  </td>
 <td nowrap valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td colspan=3 nowrap valign=bottom width=54% style="height:12.15pt;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=4% style="height:12.15pt;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:12.15pt;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=3 nowrap valign=bottom width=54% 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup></p>
  </td>
 <td nowrap valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:5.85pt;">
  <td colspan=2 nowrap valign=bottom width=15% 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=39% 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=4% 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:.2in;">
  <td colspan=3 nowrap valign=bottom width=54% 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=4% 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=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.15in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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=4% 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=3 nowrap valign=bottom width=54% 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=4% 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=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:4.95pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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=4% 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=3 nowrap valign=bottom width=54% 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><sup><b><font face="courier new" style="font-size:10.0pt;">a</font></b></sup></p>
  </td>
 <td nowrap valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:8.55pt;">
  <td colspan=2 nowrap valign=bottom width=15% 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=39% 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=4% 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=3 nowrap valign=bottom width=54% 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=4% 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=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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 Managed
  Income Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.15in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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=4% 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=3 nowrap valign=bottom width=54% 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><sup><b><font face="courier new" style="font-size:10.0pt;">a</font></b></sup></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:7.65pt;">
  <td colspan=2 nowrap valign=bottom width=15% 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=39% 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=4% 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=3 nowrap valign=bottom width=54% 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=4% 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=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.6pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.3in;">
  <td nowrap valign=bottom width=4% style="height:.3in;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 colspan=2 nowrap valign=bottom width=50% style="height:.3in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Emerging
  Market Core Equity (IU) Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% style="height:.3in;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:.3in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.6pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:22.95pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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
  International Core Equity (IU) Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.95pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:22.05pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:22.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:22.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:22.95pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:27.9pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:23.4pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:27.9pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:23.85pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin U.S. Core
  Equity (IU) Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:9.45pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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=4% 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=3 nowrap valign=bottom width=54% 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=4% 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=4% 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 colspan=2 nowrap valign=bottom width=50% 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
  Allocation VIP Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.6pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Global
  Real Estate VIP Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.6pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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
  and Income VIP Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.95pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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 Large Cap
  Growth VIP Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.95pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.95pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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=4% 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=3 nowrap valign=bottom width=54% 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup></p>
  </td>
 <td nowrap valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:6.3pt;">
  <td colspan=3 nowrap valign=bottom width=54% 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=4% 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=3 nowrap valign=bottom width=54% 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=4% 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=4% 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 colspan=2 nowrap valign=bottom width=50% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Foreign Small
  Company Series<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:8.1pt;">
  <td colspan=3 nowrap valign=bottom width=54% 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=4% 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=3 nowrap valign=bottom width=54% 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=4% 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=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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=4% 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=3 nowrap valign=bottom width=54% 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
  Floating Rate Master Trust:</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=4% 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=4% 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 colspan=2 nowrap valign=bottom width=50% 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 Income Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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 Master Series<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:8.1pt;">
  <td colspan=3 nowrap valign=bottom width=54% 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=4% 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=3 nowrap valign=bottom width=54% 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup></p>
  </td>
 <td nowrap valign=bottom width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:9.45pt;">
  <td colspan=2 nowrap valign=bottom width=15% 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=39% 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 valign=top width=4% 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=3 nowrap valign=bottom width=54% 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=4% 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=4% 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 colspan=2 nowrap valign=bottom width=50% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:6.75pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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=4% 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=3 nowrap valign=bottom width=54% 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 ETF Trust:</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=4% 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:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=50% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Equity
  Portfolio<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% style="height:12.15pt;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:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=50% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Fixed
  Income Portfolio<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% style="height:12.15pt;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:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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 LibertyQ
  Emerging Markets ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.85pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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 LibertyQ
  U.S. Equity ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.95pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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 LibertyQ
  U.S. Mid Cap Equity ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=50% 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 LibertyQ
  U.S. Small Cap Equity ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% 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;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=50% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin FTSE Asia
  ex Japan ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% style="height:12.15pt;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:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=50% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin FTSE
  China ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% style="height:12.15pt;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:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=50% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin FTSE
  Europe ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% style="height:12.15pt;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:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=50% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin FTSE
  Europe Hedged ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% style="height:12.15pt;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:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=50% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin FTSE
  Japan ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% style="height:12.15pt;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:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=50% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin FTSE
  Japan Hedged ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% style="height:12.15pt;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:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=50% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin FTSE
  United Kingdom ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=4% style="height:12.15pt;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:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 -
  March 31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=50% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin U.S. Core
  Bond ETF<sup>b</sup></font></p>
  </td>
 <td valign=top width=4% style="height:12.15pt;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:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 -
  March 31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=50% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Liberty
  Ultra Short Bond ETF<sup>b</sup></font></p>
  </td>
 <td valign=top width=4% style="height:12.15pt;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:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 -
  March 31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=50% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Liberty
  U.S. Treasury Bond ETF<sup>b</sup></font></p>
  </td>
 <td valign=top width=4% style="height:12.15pt;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:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr height=0>
  <td width=4%>&nbsp;</td>
 <td width=11%>&nbsp;</td>
 <td width=39%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=42%>&nbsp;</td>
 </tr>
</table></div>


</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_5"></a><a name="_bclPageBorder5"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;"><font color=black face=georgia lang=EN-GB style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0in;margin-left:1.05in;text-indent:-.75in;"><b><font face="courier new" lang=EN-US style="font-size:10.0pt;">Legend:</font></b></p>

<p style="margin:0in;margin-left:1.05in;text-indent:-.75in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">a: December 31, 2020 represents the date of
our last examination.</font></p>

<p style="margin:0in;margin-left:1.05in;text-indent:-.75in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">b: Fund was not in scope for the December 31,
2020 examination.</font></p>




<p style="margin:0in;margin-bottom:8.0pt;"><font color=black face=georgia lang=EN-GB style="font-size:10.0pt;layout-grid-mode:line;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_6"></a><a name="_bclPageBorder6"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=center style="margin:0in;text-align:center;"><img height=90 src="x22101212552000.gif" width=625></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 subsections (b) and (c) of Rule 17f-2 as of
March 31, 2021, 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 subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as
of March 31, 2021, 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/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;"><i><font face="courier new" lang=EN-US style="font-size:10.0pt;">Franklin
Templeton Group of 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;">September
29, 2022</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/Christopher
Kings</font></u></p>

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

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

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

<p style="margin:0in;"><i><font face="courier new" lang=EN-US style="font-size:10.0pt;">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;">September
29, 2022</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/VIVEK PAI</font></u></p>

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

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

<p style="margin:0in;"><i><font face="courier new" lang=EN-US style="font-size:10.0pt;">Franklin
Templeton ETF Trust</font></i></p>

<p style="margin:0in;"><i><font face="courier new" lang=EN-US style="font-size:10.0pt;">Franklin ETF
Trust</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;">September
29, 2022</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>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_7"></a><a name="_bclPageBorder7"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:0pt;width:700.799988pt;">
 <tr style="height:14.25pt;">
  <td colspan=3 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;">Attachment I</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=3% 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=44% 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;">Examination
  Period</font></i></b></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td colspan=3 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=3% 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=44% 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=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=bottom width=3% 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=44% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=bottom width=3% 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=44% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:8.55pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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=3% 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=44% 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=3 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=3% 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=44% 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:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=49% style="height:12.15pt;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<sup>a</sup> </font></p>
  </td>
 <td valign=top width=3% style="height:12.15pt;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=44% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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=3% 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=44% 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=3 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=3% 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=44% 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=4% 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 colspan=2 nowrap valign=bottom width=49% 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
  Biotechnology Discovery Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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 Templeton
  SMACS Series E<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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 Templeton
  SMACS Series I<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:9.9pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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=3% 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=44% 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=3 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=3% 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=44% 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=4% 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 colspan=2 nowrap valign=bottom width=49% 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 High
  Income Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:6.75pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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=3% 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=44% 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=3 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=3% 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=44% 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=4% 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 colspan=2 nowrap valign=bottom width=49% style="height:14.25pt;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=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:6.75pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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=3% 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=44% 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=3 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=3% 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=44% 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=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:23.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:16.65pt;">
  <td nowrap valign=bottom width=4% style="height:16.65pt;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 colspan=2 nowrap valign=bottom width=49% style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin
  International Growth Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% style="height:16.65pt;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=44% style="height:16.65pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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 Small Cap Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.15in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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=3% 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=44% 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=3 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup><b><i><font face="courier new" style="font-size:10.0pt;"> </font></i></b></p>
  </td>
 <td nowrap valign=bottom width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:8.1pt;">
  <td colspan=3 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=3% 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=44% 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=3 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup></p>
  </td>
 <td nowrap valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:7.65pt;">
  <td colspan=2 nowrap valign=bottom width=14% 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=39% 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=3% 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=44% 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=3 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup></p>
  </td>
 <td nowrap valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:8.55pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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=3% 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=44% 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=3 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup></p>
  </td>
 <td valign=top width=3% 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=44% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:7.65pt;">
  <td colspan=2 nowrap valign=bottom width=14% 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=39% 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=3% 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=44% 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=3 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup></p>
  </td>
 <td nowrap valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:7.65pt;">
  <td colspan=2 nowrap valign=bottom width=14% 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=39% 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=3% 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=44% 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=3 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<sup>a</sup></font></i></b></p>
  </td>
 <td nowrap valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.15in;">
  <td colspan=2 nowrap valign=bottom width=14% 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=39% 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=3% 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=44% 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=3 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=3% 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=44% 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=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:8.55pt;">
  <td colspan=3 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 nowrap valign=top width=3% 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 valign=bottom width=44% 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=3 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup></p>
  </td>
 <td nowrap valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:6.75pt;">
  <td colspan=3 nowrap valign=bottom width=53% 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=top width=3% 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=bottom width=44% 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=3 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup></p>
  </td>
 <td nowrap valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:5.85pt;">
  <td colspan=2 nowrap valign=bottom width=14% 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=39% 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=3% 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=44% 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:.2in;">
  <td colspan=3 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=3% 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=44% 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=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.2in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.15in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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=3% 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=44% 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=3 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=3% 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=44% 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=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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 U.S.
  Government Securities Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.85pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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 Focused
  Growth Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:4.95pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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=3% 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=44% 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=3 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup></p>
  </td>
 <td nowrap valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:8.55pt;">
  <td colspan=2 nowrap valign=bottom width=14% 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=39% 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=3% 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=44% 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=3 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=3% 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=44% 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=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:24.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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 Managed
  Income Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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 Total
  Return Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:15.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.15in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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=3% 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=44% 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=3 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup></p>
  </td>
 <td valign=top width=3% 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=44% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:7.65pt;">
  <td colspan=2 nowrap valign=bottom width=14% 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=39% 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=3% 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=44% 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=3 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=3% 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=44% 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=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.6pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:24.75pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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 Emerging
  Market Core Equity (IU) Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:24.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.6pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:24.75pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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
  International Core Equity (IU) Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:24.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.95pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:22.05pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:22.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:22.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:22.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:22.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:22.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:22.95pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:22.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:27.9pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:27.9pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:23.4pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:23.4pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:27.9pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:27.9pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:23.85pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:23.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:15.3pt;">
  <td nowrap valign=bottom width=4% style="height:15.3pt;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 colspan=2 nowrap valign=bottom width=49% style="height:15.3pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin U.S. Core
  Equity (IU) Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% style="height:15.3pt;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 nowrap valign=bottom width=44% style="height:15.3pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:9.45pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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=3% 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=44% 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=3 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=3% 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=44% 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:11.7pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% style="height:11.7pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin
  Allocation VIP Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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 nowrap valign=bottom width=44% style="height:11.7pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.6pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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 Global
  Real Estate VIP Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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 Growth
  and Income VIP Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.95pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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 Large Cap
  Growth VIP Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.95pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.95pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:6.75pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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=3% 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=44% 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=3 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup></p>
  </td>
 <td nowrap valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:5.85pt;">
  <td colspan=3 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=top width=3% 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=44% 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=3 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=3% 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=44% 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=4% 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 colspan=2 nowrap valign=bottom width=49% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Foreign Small
  Company Series<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:5.85pt;">
  <td colspan=3 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=3% 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=44% 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=3 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=3% 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=44% 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=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:24.75pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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=3% 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=44% 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=3 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
  Floating Rate Master Trust:</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=3% 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=44% 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=4% 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 colspan=2 nowrap valign=bottom width=49% 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 Income Fund<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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 Master Series<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:8.1pt;">
  <td colspan=3 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=3% 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=44% 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=3 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><sup><font face="courier new" style="font-size:10.0pt;">a</font></sup></p>
  </td>
 <td nowrap valign=bottom width=3% 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=44% style="height:14.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:9.45pt;">
  <td colspan=2 nowrap valign=bottom width=14% 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=39% 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 valign=top width=3% 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=44% 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=3 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=3% 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=44% 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=4% 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 colspan=2 nowrap valign=bottom width=49% 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<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:14.85pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:6.75pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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=3% 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=44% 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=3 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 ETF Trust:</font></i></b></p>
  </td>
 <td nowrap valign=bottom width=3% 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=44% 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:.2in;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Equity
  Portfolio<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:.2in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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 Fixed
  Income Portfolio<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.05pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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 LibertyQ
  Emerging Markets ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.05pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.6pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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 LibertyQ U.S.
  Equity ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:23.4pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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 LibertyQ
  U.S. Mid Cap Equity ETF<sup>a</sup></font></p>
  <p style="margin:0in;"><font face="courier new" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:23.4pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:22.95pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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 LibertyQ
  U.S. Small Cap Equity ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:22.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.6pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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 FTSE Asia
  ex Japan ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:12.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:13.95pt;">
  <td nowrap valign=bottom width=4% 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 colspan=2 nowrap valign=bottom width=49% 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 FTSE
  China ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% 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=44% style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=49% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin FTSE
  Europe ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% style="height:12.15pt;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=44% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=49% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin FTSE
  Europe Hedged ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% style="height:12.15pt;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=44% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=49% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin FTSE
  Japan ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% style="height:12.15pt;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=44% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=49% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin FTSE
  Japan Hedged ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% style="height:12.15pt;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=44% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=49% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin FTSE
  United Kingdom ETF<sup>a</sup></font></p>
  </td>
 <td valign=top width=3% style="height:12.15pt;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=44% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=49% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin U.S. Core
  Bond ETF<sup>b</sup></font></p>
  </td>
 <td valign=top width=3% style="height:12.15pt;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=44% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 - March
  31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=49% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Liberty
  Ultra Short Bond ETF<sup>b</sup></font></p>
  </td>
 <td valign=top width=3% style="height:12.15pt;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=44% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 -
  March 31, 2021</font></p>
  </td>
 </tr>
<tr style="height:12.15pt;">
  <td nowrap valign=bottom width=4% style="height:12.15pt;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 colspan=2 nowrap valign=bottom width=49% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">Franklin Liberty
  U.S. Treasury Bond ETF<sup>b</sup></font></p>
  </td>
 <td valign=top width=3% style="height:12.15pt;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=44% style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;"><font face="courier new" style="font-size:10.0pt;">January 1, 2021 -
  March 31, 2021</font></p>
  </td>
 </tr>
<tr height=0>
  <td width=4%>&nbsp;</td>
 <td width=10%>&nbsp;</td>
 <td width=39%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=44%>&nbsp;</td>
 </tr>
</table></div>


</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_8"></a><a name="_bclPageBorder8"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;"><font color=black face=georgia lang=EN-GB style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0in;margin-left:1.15in;text-indent:-.75in;"><b><font face="courier new" lang=EN-US style="font-size:10.0pt;">Legend:</font></b></p>

<p style="margin:0in;margin-left:1.15in;text-indent:-.75in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">a: December 31, 2020 represents the date of
our last examination.</font></p>

<p style="margin:0in;margin-left:1.15in;text-indent:-.75in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;">b: Fund was not in scope for the December 31,
2020 examination.</font></p>




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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
