<SEC-DOCUMENT>0001794202-19-000025.txt : 20191213
<SEC-HEADER>0001794202-19-000025.hdr.sgml : 20191213
<ACCEPTANCE-DATETIME>20191213160904
ACCESSION NUMBER:		0001794202-19-000025
CONFORMED SUBMISSION TYPE:	40-17F2
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20191213
DATE AS OF CHANGE:		20191213
EFFECTIVENESS DATE:		20191213

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANKLIN UNIVERSAL TRUST
		CENTRAL INDEX KEY:			0000833040
		IRS NUMBER:				943077602
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		40-17F2
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05569
		FILM NUMBER:		191284707

	BUSINESS ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403-1906
		BUSINESS PHONE:		650-312-2000

	MAIL ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403-1906

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANKLIN UNIVERSAL TRUST
		CENTRAL INDEX KEY:			0000833040
		IRS NUMBER:				943077602
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		40-17F2

	BUSINESS ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403-1906
		BUSINESS PHONE:		650-312-2000

	MAIL ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403-1906
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-17F2
<SEQUENCE>1
<FILENAME>17f2.htm
<TEXT>
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    <div style="text-align: center; font-family: 'Courier New',Courier,monospace;">UNITED STATES</div>
    <div style="text-align: center; font-family: 'Courier New',Courier,monospace;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-family: 'Courier New',Courier,monospace;">WASHINGTON, D.C. 20549</div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
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    <div style="text-align: center; font-family: 'Courier New',Courier,monospace;">FORM N-17F-2</div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="text-align: center; font-family: 'Courier New',Courier,monospace;">CERTIFICATE OF ACCOUNTING OF SECURITIES AND SIMILAR</div>
    <div style="text-align: center; font-family: 'Courier New',Courier,monospace;">INVESTMENTS IN THE CUSTODY OF</div>
    <div style="text-align: center; font-family: 'Courier New',Courier,monospace;">MANAGEMENT INVESTMENT COMPANIES</div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
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    <div style="text-align: center; font-family: 'Courier New',Courier,monospace;">PURSUANT TO RULE N-17F-2 [17 CFR 270.17F-2]</div>
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          <td style="width: 58.94%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="5">
            <div>1. Investment Company Act File Number:</div>
          </td>
          <td style="width: 41.06%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="4">
            <div>Date Examination completed:</div>
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            <div style="text-indent: 36pt;">811 -05569</div>
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          <td style="width: 41.06%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="4">
            <div style="text-indent: 30.6pt;">August 30, 2018</div>
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          <td style="width: 58.94%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="5">&#160;</td>
          <td style="width: 41.06%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="4">&#160;</td>
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          <td style="width: 58.94%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="5">
            <div>2. State Identification Number:</div>
          </td>
          <td style="width: 41.06%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="4">&#160;</td>
        </tr>
        <tr>
          <td style="width: 13.95%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 17.08%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 13.24%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 21%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 11.87%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 15.41%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 7.45%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
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          <td style="width: 13.95%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>AL</div>
          </td>
          <td style="width: 17.08%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>AK</div>
          </td>
          <td style="width: 13.24%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>AZ</div>
          </td>
          <td style="width: 21%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>AR</div>
          </td>
          <td style="width: 11.87%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>CA</div>
          </td>
          <td style="width: 15.41%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>CO</div>
          </td>
          <td style="width: 7.45%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 13.95%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>CT</div>
          </td>
          <td style="width: 17.08%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>DE</div>
          </td>
          <td style="width: 13.24%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>DC</div>
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          <td style="width: 21%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>FL</div>
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          <td style="width: 11.87%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>GA</div>
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          <td style="width: 15.41%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>HI</div>
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          <td style="width: 7.45%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
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          <td style="width: 13.95%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>ID</div>
          </td>
          <td style="width: 17.08%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>IL</div>
          </td>
          <td style="width: 13.24%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>IN</div>
          </td>
          <td style="width: 21%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>IA</div>
          </td>
          <td style="width: 11.87%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>KS</div>
          </td>
          <td style="width: 15.41%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>KY</div>
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          <td style="width: 7.45%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
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          <td style="width: 13.95%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>LA</div>
          </td>
          <td style="width: 17.08%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>ME</div>
          </td>
          <td style="width: 13.24%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>MD</div>
          </td>
          <td style="width: 21%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>MA</div>
          </td>
          <td style="width: 11.87%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>MI</div>
          </td>
          <td style="width: 15.41%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>MN</div>
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          <td style="width: 7.45%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
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          <td style="width: 13.95%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>MS</div>
          </td>
          <td style="width: 17.08%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>MO</div>
          </td>
          <td style="width: 13.24%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>MT</div>
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          <td style="width: 21%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>NE</div>
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          <td style="width: 11.87%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>NV</div>
          </td>
          <td style="width: 15.41%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>NH</div>
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          <td style="width: 7.45%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
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          <td style="width: 13.95%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>NJ</div>
          </td>
          <td style="width: 17.08%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>NM</div>
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          <td style="width: 13.24%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>NY</div>
          </td>
          <td style="width: 21%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>NC</div>
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          <td style="width: 11.87%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>ND</div>
          </td>
          <td style="width: 15.41%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>OH</div>
          </td>
          <td style="width: 7.45%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 13.95%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>OK</div>
          </td>
          <td style="width: 17.08%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>OR</div>
          </td>
          <td style="width: 13.24%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>PA</div>
          </td>
          <td style="width: 21%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>RI</div>
          </td>
          <td style="width: 11.87%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>SC</div>
          </td>
          <td style="width: 15.41%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>SD</div>
          </td>
          <td style="width: 7.45%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 13.95%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>TN</div>
          </td>
          <td style="width: 17.08%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>TX</div>
          </td>
          <td style="width: 13.24%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>UT</div>
          </td>
          <td style="width: 21%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>VT</div>
          </td>
          <td style="width: 11.87%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>VA</div>
          </td>
          <td style="width: 15.41%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>WA</div>
          </td>
          <td style="width: 7.45%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 13.95%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>WV</div>
          </td>
          <td style="width: 17.08%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>WI</div>
          </td>
          <td style="width: 13.24%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
            <div>WY</div>
          </td>
          <td style="width: 21%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>PUERTO RICO</div>
          </td>
          <td style="width: 11.87%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 15.41%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 7.45%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="9">&#160;</td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="9">
            <div>3. Exact name of investment company as specified in registration statement:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="9">&#160;</td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="9">
            <div>Franklin Universal Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5.07%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 94.93%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="8">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5.07%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 94.93%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="8">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5.07%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 94.93%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="8">&#160;</td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="9">&#160;</td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="9">
            <div>4. Address of principal executive office: (number, street, city, state, zip code)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="9">
            <div style="text-align: center;">One Franklin Parkway, San Mateo, CA 94403</div>
          </td>
        </tr>

    </table>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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    <div style="font-family: 'Courier New',Courier,monospace;"><img width="100" border="0" height="100" src="pwc.jpg"></div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="text-align: center; font-family: 'Courier New',Courier,monospace; font-weight: bold;">Report of Independent Accountants</div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;">To the Board of Trustees of</div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zc66f1b7268814cc8bb1538142924db02" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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

    </table>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;">and the Board of Directors of</div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z2d18b91f8f9b4eee988f0ff32b938b24" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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

    </table>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace; font-size: 8pt;">PricewaterhouseCoopers LLP, PricewaterhouseCoopers Center, 300 Madison Avenue, New York, NY 10017 T: (646) 471 3000, F: (813) 286 6000,
      www.pwc.com/us</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;">We have examined management's assertion, included in the accompanying Management Statement Regarding Compliance with Certain Provisions of the
      Investment Company Act of 1940, that each of the Funds listed in Attachment I (hereafter referred to as the &#8220;Funds&#8221;) complied with the requirements of subsections (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940 (&#8220;the Act&#8221;) as of
      January 31, 2018.&#160; The Funds&#8217; management is responsible for its assertion and the Company&#8217;s compliance with those requirements.&#160; Our responsibility is to express an opinion on management's assertion about the Funds' compliance with the specified
      requirements based on our examination.</div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;">Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and in accordance
      with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether management&#8217;s assertion about compliance
      with the specified requirements is fairly stated, in all material respects, and, accordingly, included examining, on a test basis, evidence about the Funds' compliance with those requirements and performing such other procedures as we considered
      necessary in the circumstances.&#160; Included among our procedures were the following tests performed as of January 31, 2018, and with respect to agreement of security purchases and sales, for the period from July 31, 2017 (the date of our last
      examinations), through January 31, 2018:</div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z8edbc4401b2145c78b3846d6bd858100" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
              <div style="margin-left: 18pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
              <div>Without prior notice to management, confirmation of all securities held by Franklin Templeton Investors Services, Inc., transfer agent, as they pertain to the security positions owned by the
                Funds and held in book entry form.</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zc28a1aeb52cd46189b03fbe4401c1c6f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
              <div style="margin-left: 18pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
              <div>Reconciliation of such security positions to the books and records of the Funds.</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zb1aa1a8d5a2e4d88b8b68056b44f6707" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
              <div style="margin-left: 18pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top; font-family: 'Courier New',Courier,monospace;">
              <div>Agreement of 55 security purchases and 55 security sales, since our last report, from the books and records of the Funds to the records of the transfer agent.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;">We believe that our examination provides, and that the evidence we obtained is sufficient and appropriate to provide, a reasonable basis for our
      opinion.&#160; Our examination does not provide a legal determination on the Funds' compliance with specified requirements.</div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;">In our opinion, management's assertion that the Funds complied with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment
      Company Act of 1940 as of January 31, 2018 with respect to securities reflected in the investment accounts of the Funds is fairly stated, in all material respects.</div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;">This report is intended solely for the information and use of management and the Board of Directors and Trustees of the Funds and the Securities and
      Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.</div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;">/s/PRICEWATERHOUSECOOPERS, LLP</div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;">August 30, 2018</div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center; font-family: 'Courier New',Courier,monospace;"><img width="624" height="89" src="image1.jpg"></div>
    <div style="font-family: 'Courier New',Courier,monospace;">
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="z2a38027c14984497ae1e14c2dbef65c0">

          <tr>
            <td style="width: 33.33%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>&#160;
                <div style="font-family: 'Courier New',Courier,monospace;">
                  <div style="text-align: left;"><img width="154" height="77" src="image0.jpg"></div>
                </div>
              </div>
            </td>
            <td style="width: 33.33%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 33.33%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>&#160;
                <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 8pt; font-weight: bold; color: rgb(0, 112, 192);">Franklin Templeton Services, LLC</div>
                <div style="text-align: left; font-size: 8pt;">3310 Quality Drive</div>
                <div style="text-align: left; font-size: 8pt;">Rancho Cordova, CA 95670</div>
                <div style="text-align: left; font-size: 8pt;"><font style="font-weight: bold;">tel</font>&#160;&#160; (800) 632.2350</div>
                <div style="text-align: left; font-size: 8pt;">franklintempleton.com</div>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="text-align: center; font-family: 'Courier New',Courier,monospace; font-weight: bold;">Management Statement Regarding Compliance with Certain</div>
    <div style="text-align: center; font-family: 'Courier New',Courier,monospace; font-weight: bold;">Provisions of the Investment Company Act of 1940</div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;">We, as members of management of the Franklin Templeton Funds indicated in Attachment I (the &#8220;Funds&#8221;), are responsible for complying with the
      requirements of subsections (b) and (c) of Rule 17f-2, &#8220;Custody of Investments by Registered Management Investment Companies,&#8221; of the Investment Company Act of 1940.&#160; We are also responsible for establishing and maintaining effective internal
      controls over compliance with those requirements.&#160; We have performed an evaluation of the Funds&#8217; compliance with the requirements of subsection (b) of Rule 17f-2, as interpreted in Franklin Investors Securities Trust SEC No-Action Letter (publicly
      available September 24, 1992), and subsection (c) of Rule 17f-2 of the Investment Company Act of 1940, as of January 31, 2018, and for the periods indicated in Attachment I.</div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;">Based on this evaluation, we assert that the Funds were in compliance with the requirements of subsection (b) of Rule 17f-2, as interpreted in
      Franklin Investors Securities Trust SEC No-Action Letter (publicly available September 24, 1992), and subsection (c) of Rule 17f-2 of the Investment Company Act of 1940, as of January 31, 2018, and for the periods indicated in Attachment I, with
      respect to securities reflected in the investment accounts of the Funds.</div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;">By:</div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><u>/s/GASTON GARDEY</u></div>
    <div style="font-family: 'Courier New',Courier,monospace; font-weight: bold;">Gaston Gardey</div>
    <div style="font-family: 'Courier New',Courier,monospace; font-style: italic;">Chief Financial Officer and Chief Accounting Officer</div>
    <div style="text-indent: 9pt; font-family: 'Courier New',Courier,monospace; font-style: italic;">Franklin Funds Board</div>
    <div style="font-family: 'Courier New',Courier,monospace;">Date <u>August 30, 2018</u></div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><u>/s/ROBERT G. KUBILIS</u></div>
    <div style="font-family: 'Courier New',Courier,monospace; font-weight: bold;">Robert G. Kubilis</div>
    <div style="font-family: 'Courier New',Courier,monospace; font-style: italic;">Chief Financial Officer and Chief Accounting Officer</div>
    <div style="text-indent: 9pt; font-family: 'Courier New',Courier,monospace; font-style: italic;">Templeton, New Jersey and Alternative Strategies Funds Board</div>
    <div style="font-family: 'Courier New',Courier,monospace;">Date <u>August 30, 2018</u></div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><u>/s/MATTHEW T. HINKLE</u></div>
    <div style="font-family: 'Courier New',Courier,monospace; font-weight: bold;">Matthew T. Hinkle</div>
    <div style="font-family: 'Courier New',Courier,monospace; font-style: italic;">Chief Executive Officer - Finance and Administration</div>
    <div style="font-family: 'Courier New',Courier,monospace;">Date <u>August 30, 2018</u></div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;">
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <br>
      <br>
      <div>
        <div style="text-align: right; font-family: Arial,Helvetica,'sans-serif'; font-weight: bold; color: rgb(109, 109, 109);">Attachment I</div>
        <br>
      </div>
      <br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z0fd49f27b3c8481c94898b7172e503d6" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 51.63%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Fund</div>
          </td>
          <td style="width: 2.18%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 39.14%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div style="font-style: italic; font-weight: bold;">Period</div>
          </td>
          <td style="width: 7.04%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Limited Duration Income Trust</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Global Investment Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Templeton Emerging Markets Balanced Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Templeton Emerging Markets Small Cap Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Templeton Frontier Markets Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Templeton Global Balanced Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Templeton Dynamic Equity Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Real Estate Securities Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Real Estate Securities Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
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        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Strategic Series:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Biotechnology Discovery Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Flexible Alpha Bond Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Focused Core Equity Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Growth Opportunities Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Natural Resources Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Small Cap Growth Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Small-Mid Cap Growth Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Strategic Income Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin High Income Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin High Income Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin U.S. Government Money Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">&#160;</td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Templeton Money Fund Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Templeton U.S. Government Money Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom;" colspan="2">
            <div style="font-family: 'Courier New',Courier,monospace;">August 1, 2017 - January 31, 2018</div>
            <div style="font-family: 'Courier New',Courier,monospace;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Institutional Fiduciary Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Money Market Portfolio</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Global Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Emerging Market Debt Opportunities Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin International Growth Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Global Listed Infrastructure Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Gold and Precious Metals Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Universal Trust</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton China World Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Emerging Markets Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Emerging Markets Income Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
        </tr>

    </table>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;">
      <div style="text-align: right; font-family: Arial,Helvetica,'sans-serif'; font-weight: bold; color: rgb(109, 109, 109);">Attachment I</div>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zdb5ad0c5d0e94a568c8aef2a2032bbcc" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Funds:</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Templeton Foreign Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Templeton World Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Global Income Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Global Smaller Companies Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Growth Fund, Inc.</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Income Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Templeton Emerging Markets Bond Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Templeton Global Bond Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Templeton Global Total Return Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Templeton International Bond Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Custodian Funds:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin DynaTech Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Growth Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Income Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin U.S. Government Securities Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Utilities Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Focused Growth Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Strategic Mortgage Portfolio</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Investors Securities Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Adjustable U.S. Government Securities Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Balanced Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Convertible Securities Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Equity Income Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Floating Rate Daily Access Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Low Duration Total Return Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Real Return Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Total Return Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Templeton Global Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Templeton Global Currency Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Templeton International Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin India Growth Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Value Investors Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Balance Sheet Investment Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin MicroCap Value Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Small Cap Value Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Templeton Developing Markets Trust</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
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        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Fund Allocator Series:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
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    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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    <div style="font-family: 'Courier New',Courier,monospace;">
      <div style="text-align: right; font-family: Arial,Helvetica,'sans-serif'; font-weight: bold; color: rgb(109, 109, 109);">Attachment I</div>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z013deb58b5b148558944d920db2eacab" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Conservative Allocation Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Corefolio Allocation Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Founding Funds Allocation Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Growth Allocation Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin LifeSmart Retirement Income Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin LifeSmart 2020 Retirement Target Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin LifeSmart 2025 Retirement Target Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin LifeSmart 2030 Retirement Target Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin LifeSmart 2035 Retirement Target Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin LifeSmart 2040 Retirement Target Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin LifeSmart 2045 Retirement Target Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin LifeSmart 2050 Retirement Target Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin LifeSmart 2055 Retirement Target Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Moderate Allocation Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin NextStep Conservative Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin NextStep Moderate Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin NextStep Growth Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Payout 2018 Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Payout 2019 Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Payout 2020 Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Payout 2021 Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Payout 2022 Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">
            <div style="font-style: italic; font-weight: bold;">Franklin Templeton Variable Insurance Products Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Flex Cap Growth VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Founding Funds Allocation VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Income VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Mutual Global Discovery VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Mutual Shares VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Rising Dividends VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Small Cap Value VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Small-Mid Cap Growth VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin Strategic Income VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Franklin VolSmart Allocation VIP Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div>Templeton Developing Markets VIP Fund</div>
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          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
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            <div>August 1, 2017 - January 31, 2018</div>
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            <div>August 1, 2017 - January 31, 2018</div>
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          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
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        <tr>
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          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
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          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.89%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">&#160;</td>
          <td style="width: 40.74%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
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        <tr>
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          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
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          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
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            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
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          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
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            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="3">&#160;</td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
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      <div style="text-align: right; font-family: Arial,Helvetica,'sans-serif'; font-weight: bold; color: rgb(109, 109, 109);">Attachment I</div>
    </div>
    <div style="font-family: 'Courier New',Courier,monospace;"><br>
    </div>
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          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div style="font-style: italic; font-weight: bold;">Franklin ETF Trust:</div>
          </td>
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          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
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        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>Franklin Liberty Short Duration U.S. Government ETF</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 51.63%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;" colspan="2">
            <div style="font-style: italic; font-weight: bold;">Franklin Managed Trust:</div>
          </td>
          <td style="width: 4.16%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>Franklin Rising Dividends Fund</div>
          </td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">
            <div>August 1, 2017 - January 31, 2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.36%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 47.27%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top; font-family: 'Courier New',Courier,monospace;">&#160;</td>
          <td style="width: 44.2%; vertical-align: bottom; font-family: 'Courier New',Courier,monospace;">&#160;</td>
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