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PAGE 2
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<PAGE>
PAGE 4
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<PAGE>
PAGE 5
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PAGE 6
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PAGE 7
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<PAGE>
PAGE 8
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<PAGE>
PAGE 9
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PAGE 10
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PAGE 11
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<PAGE>
PAGE 12
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<PAGE>
PAGE 13
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<PAGE>
PAGE 14
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<PAGE>
PAGE 15
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<PAGE>
PAGE 16
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<PAGE>
PAGE 17
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<PAGE>
PAGE 18
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015 A000267 THE HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B000267 S
015 C010267 BOMBAY
015 D010267 INDIA
015 D020267 400-001
015 E040267 X
015 A000268 THE BRITISH BANK OF THE MIDDLE EAST
015 B000268 S
015 C010268 BEIRUT
015 D010268 LEBANON
015 E040268 X
024 000200 N
028 A010200 775
028 A020200 0
028 A030200 0
028 A040200 694
028 B010200 382
028 B020200 2416
028 B030200 0
028 B040200 830
028 C010200 177
028 C020200 0
028 C030200 0
028 C040200 386
028 D010200 615
028 D020200 0
028 D030200 0
<PAGE>
PAGE 19
028 D040200 483
028 E010200 172
028 E020200 0
028 E030200 0
028 E040200 624
028 F010200 320
028 F020200 0
028 F030200 0
028 F040200 420
028 G010200 2441
028 G020200 2416
028 G030200 0
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028 H000200 0
042 A000200 0
042 B000200 0
042 C000200 0
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042 G000200 0
042 H000200 0
043 000200 0
044 000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 200000
048 A020200 0.500
048 B010200 1100000
048 B020200 0.450
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048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 1300000
048 K020200 0.400
062 A000200 Y
<PAGE>
PAGE 20
062 B000200 4.2
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 2.1
062 M000200 22.6
062 N000200 0.0
062 O000200 0.0
062 P000200 8.1
062 Q000200 59.6
062 R000200 3.4
063 A000200 0
063 B000200 5.1
064 A000200 N
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 Y
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 N
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
<PAGE>
PAGE 21
070 M020200 Y
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 35458
071 B000200 35951
071 C000200 29441
071 D000200 120
072 A000200 6
072 B000200 1221
072 C000200 1
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072 E000200 0
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072 G000200 17
072 H000200 0
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072 K000200 5
072 L000200 5
072 M000200 1
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072 R000200 6
072 S000200 1
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072 V000200 0
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072 X000200 120
072 Y000200 0
072 Z000200 1102
072AA000200 815
072BB000200 606
072CC010200 0
072CC020200 1190
072DD010200 2416
072DD020200 0
072EE000200 0
073 A010200 0.8300
073 A020200 0.0000
073 B000200 0.0000
<PAGE>
PAGE 22
073 C000200 0.0000
074 A000200 365
074 B000200 0
074 C000200 2076
074 D000200 29961
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 2229
074 K000200 0
074 L000200 805
074 M000200 702
074 N000200 36138
074 O000200 2336
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 632
074 S000200 0
074 T000200 33170
074 U010200 3062
074 U020200 0
074 V010200 10.83
074 V020200 0.00
074 W000200 0.0000
074 X000200 2
074 Y000200 0
075 A000200 0
075 B000200 33214
076 000200 0.00
008 A000301 TEMPLETON INVESTMENT COUNSEL, INC.
008 B000301 S
008 C000301 801-15125
008 D010301 FT. LAUDERDALE
008 D020301 FL
008 D030301 33394
015 A000301 THE CHASE MANHATTAN BANK
015 B000301 S
015 C010301 BUENOS AIRES
015 D010301 ARGENTINA
015 D020301 1061
015 E040301 X
015 A000302 CREDITANSTALT-BANKVEREIN
015 B000302 S
015 C010302 VIENNA
015 D010302 AUSTRIA
015 D020302 A-1011
<PAGE>
PAGE 23
015 E040302 X
015 A000303 STANDARD CHARTERED BANK
015 B000303 S
015 C010303 DHAKA
015 D010303 BANGLADESH
015 D020303 1000
015 E040303 X
015 A000304 GENERALE BANK
015 B000304 S
015 C010304 BRUSSELS
015 D010304 BELGIUM
015 D020304 1000
015 E040304 X
015 A000305 BANCO CHASE MANHATTAN, S.A.
015 B000305 S
015 C010305 SAO PAULO
015 D010305 BRAZIL
015 D020305 04719-002
015 E040305 X
015 A000306 THE ROYAL BANK OF CANADA
015 B000306 S
015 C010306 TORONTO
015 D010306 CANADA
015 D020306 M5J 2J5
015 E040306 X
015 A000307 DEN DANSKE BANK
015 B000307 S
015 C010307 COPENHAGEN
015 D010307 DENMARK
015 E040307 X
015 A000308 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000308 S
015 C010308 PRAHA
015 D010308 CZECH REPUBLIC
015 D020308 115-20
015 E040308 X
015 A000309 NATIONAL BANK OF EGYPT
015 B000309 S
015 C010309 CAIRO
015 D010309 EGYPT
015 E040309 X
015 A000310 MERITA BANK LTD
015 B000310 S
015 C010310 HELSINKI
015 D010310 FINLAND
015 E040310 X
015 A000311 BANQUE PARIBAS
015 B000311 S
015 C010311 PARIS
015 D010311 FRANCE
015 D020311 75078
<PAGE>
PAGE 24
015 E040311 X
015 A000312 CHASE MANHATTAN BANK A.G.
015 B000312 S
015 C010312 FRANKFURT
015 D010312 GERMANY
015 D020312 60284
015 E040312 X
015 A000313 BARCLAYS BANK OF GHANA LTD.
015 B000313 S
015 C010313 ACCRA
015 D010313 GHANA
015 E040313 X
015 A000314 BARCLAYS BANK PLC
015 B000314 S
015 C010314 ATHENS
015 D010314 GREECE
015 D020314 10562
015 E040314 X
015 A000315 THE CHASE MANHATTAN BANK
015 B000315 S
015 C010315 HONG KONG
015 D010315 HONG KONG
015 E040315 X
015 A000316 CITIBANK BUDAPEST RT.
015 B000316 S
015 C010316 BUDAPEST
015 D010316 HUNGARY
015 D020316 1051
015 E040316 X
015 A000317 THE HONGKONG & SHANGHAI BANKING CORP LTD.
015 B000317 S
015 C010317 JAKARTA
015 D010317 INDONESIA
015 D020317 10023
015 E040317 X
015 A000318 BANK OF IRELAND
015 B000318 S
015 C010318 DUBLIN
015 D010318 IRELAND
015 D020318 1
015 E040318 X
015 A000319 BANK LEUMI LE-ISRAEL B.M.
015 B000319 S
015 C010319 TEL AVIV
015 D010319 ISRAEL
015 D020319 61000
015 E040319 X
015 A000320 BANQUE PARIBAS
015 B000320 S
015 C010320 MILAN
015 D010320 ITALY
<PAGE>
PAGE 25
015 D020320 20121
015 E040320 X
015 A000321 THE FUJI BANK LTD
015 B000321 S
015 C010321 TOKYO
015 D010321 JAPAN
015 E040321 X
015 A000322 THE CHASE MANHATTAN BANK
015 B000322 S
015 C010322 KUALA LUMPUR
015 D010322 MALAYSIA
015 D020322 50250
015 E040322 X
015 A000323 HONGKONG & SHANGHAI BANKING CORP LTD.
015 B000323 S
015 C010323 CUREPIPE
015 D010323 MAURITIUS
015 E040323 X
015 A000324 THE CHASE MANHATTAN BANK, S.A.
015 B000324 S
015 C010324 MEXICO D.F.
015 D010324 MEXICO
015 D020324 01210
015 E040324 X
015 A000325 BANQUE COMMERCIALE DU MAROC
015 B000325 S
015 C010325 CASABLANCA
015 D010325 MOROCCO
015 D020325 20000
015 E040325 X
015 A000326 ABN AMRO N.V.
015 B000326 S
015 C010326 DE BREDA
015 D010326 NETHERLANDS
015 D020326 4800
015 E040326 X
015 A000327 NATIONAL NOMINEES LIMITED
015 B000327 S
015 C010327 AUCKLAND
015 D010327 NEW ZEALAND
015 E040327 X
015 A000328 THE CHASE MANHATTAN BANK
015 B000328 S
015 C010328 SYDNEY
015 D010328 AUSTRALIA
015 D020328 2000
015 E040328 X
015 A000329 DEN NORSKE BANK
015 B000329 S
015 C010329 OSLO
015 D010329 NORWAY
<PAGE>
PAGE 26
015 D020329 N-0107
015 E040329 X
015 A000330 CITIBANK, N.A.
015 B000330 S
015 C010330 LIMA
015 D010330 PERU
015 D020330 27
015 E040330 X
015 A000331 THE HONGKONG & SHANGHAI BANKING CORP LTD.
015 B000331 S
015 C010331 PASIG CITY
015 D010331 PHILIPPINES
015 E040331 X
015 A000332 BANK HANDLOWY W. WARSZAWIE, S.A.
015 B000332 S
015 C010332 WARSAW
015 D010332 POLAND
015 D020332 00-920
015 E040332 X
015 A000333 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B000333 S
015 C010333 LISBON
015 D010333 PORTUGAL
015 D020333 1200
015 E040333 X
015 A000334 THE HONGKONG & SHANGHAI BANKING CORP LTD.
015 B000334 S
015 C010334 SHANGHAI
015 D010334 CHINA
015 D020334 200120
015 E040334 X
015 A000335 THE HONGKONG & SHANGHAI BANKING CORP LTD.
015 B000335 S
015 C010335 SHENZHEN
015 D010335 CHINA
015 E040335 X
015 A000336 THE CHASE MANHATTAN BANK
015 B000336 S
015 C010336 SINGAPORE
015 D010336 SINGAPORE
015 D020336 189720
015 E040336 X
015 A000337 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000337 S
015 C010337 BRATISLAVA
015 D010337 SLOVAK REPUBLIC
015 D020337 815 63
015 E040337 X
015 A000338 THE STANDARD BANK OF SOUTH AFRICA LTD
015 B000338 S
015 C010338 JOHANNESBURG
<PAGE>
PAGE 27
015 D010338 SOUTH AFRICA
015 D020338 2001
015 E040338 X
015 A000339 THE HONGKONG & SHANGHAI BANKING CORP LTD.
015 B000339 S
015 C010339 SEOUL
015 D010339 SOUTH KOREA
015 E040339 X
015 A000340 THE CHASE MANHATTAN BANK
015 B000340 S
015 C010340 MADRID
015 D010340 SPAIN
015 D020340 28046
015 E040340 X
015 A000341 THE HONGKONG & SHANGHAI BANKING CORP LTD.
015 B000341 S
015 C010341 COLOMBO
015 D010341 SRI LANKA
015 D020341 1
015 E040341 X
015 A000342 SKANDINAVISKA ENSKILDA BANKEN
015 B000342 S
015 C010342 STOCKHOLM
015 D010342 SWEDEN
015 D020342 S-106 40
015 E040342 X
015 A000343 UNION BANK OF SWITZERLAND
015 B000343 S
015 C010343 ZURICH
015 D010343 SWITZERLAND
015 D020343 8021
015 E040343 X
015 A000344 THE CHASE MANHATTAN BANK
015 B000344 S
015 C010344 BANGKOK
015 D010344 THAILAND
015 D020344 10500
015 E040344 X
015 A000345 THE CHASE MANHATTAN BANK
015 B000345 S
015 C010345 ISTANBUL
015 D010345 TURKEY
015 D020345 80700
015 E040345 X
015 A000346 THE CHASE MANHATTAN BANK
015 B000346 S
015 C010346 LONDON
015 D010346 UNITED KINGDOM
015 D020346 EC2P 2HD
015 E040346 X
015 A000347 THE CHASE MANHATTAN BANK
<PAGE>
PAGE 28
015 B000347 C
015 C010347 NEW YORK
015 C020347 NY
015 C030347 10081
015 E010347 X
015 A000348 THE FIRST NATIONAL BANK OF BOSTON
015 B000348 S
015 C010348 MONTEVIDEO
015 D010348 URUGUAY
015 E040348 X
015 A000349 BARCLAYS BANK OF BOTSWANA LIMITED
015 B000349 S
015 C010349 GABORONE
015 D010349 BOTSWANA
015 E040349 X
015 A000350 FIRST CHICAGO CLEARING CENTRE
015 B000350 S
015 C010350 LONDON
015 D010350 UNITED KINGDOM
015 D020350 EC3A 1AA
015 E040350 X
015 A000351 RESERVE BANK
015 B000351 S
015 C010351 SYDNEY
015 D010351 AUSTRALIA
015 E040351 X
015 A000352 CANADA TRUST
015 B000352 S
015 C010352 TORONTO
015 D010352 CANADA
015 D020352 M5J 2T2
015 E040352 X
015 A000353 BARCLAYS BANK OF ZIMBABWE
015 B000353 S
015 C010353 HARARE
015 D010353 ZIMBABWE
015 E040353 X
015 A000354 BARCLAYS BANK OF ZAMBIA
015 B000354 S
015 C010354 LUSAKA
015 D010354 ZAMBIA
015 E040354 X
015 A000356 BARCLAYS BANK OF KENYA
015 B000356 S
015 C010356 NAIROBI
015 D010356 KENYA
015 E040356 X
015 A000357 DEUTSCHE BANK A.G.
015 B000357 S
015 C010357 KARACHI
015 D010357 PAKISTAN
<PAGE>
PAGE 29
015 E040357 X
015 A000358 CEDEL S.A.
015 B000358 S
015 C010358 LUXEMBOURG
015 D010358 LUXEMBOURG
015 E040358 X
015 A000359 BARCLAYS BANK PLC
015 B000359 S
015 C010359 NICOSIA
015 D010359 CYPRUS
015 D020359 1644
015 E040359 X
015 A000360 STANDARD BANK NAMIBIA LTD
015 B000360 S
015 C010360 WINDHOEK
015 D010360 NAMIBIA
015 E040360 X
015 A000361 BANQUE GENERALE DU LUXEMBOURG S.A.
015 B000361 S
015 C010361 LUXEMBOURG
015 D010361 LUXEMBOURG
015 D020361 L-2951
015 E040361 X
015 A000362 CHASE MANHATTAN BANK INTERNATIONAL
015 B000362 S
015 C010362 MOSCOW
015 D010362 RUSSIA
015 D020362 125047
015 E040362 X
015 A000363 STANBIC BANK SWAZILAND LTD
015 B000363 C
015 C010363 MBABANE
015 D010363 SWAZILAND
015 E040363 X
015 A000364 THE BRITISH BANK OF THE MIDDLE EAST
015 B000364 S
015 C010364 MANAMA
015 D010364 BAHRAIN
015 E040364 X
015 A000365 CITIBANK, N.A.
015 B000365 S
015 C010365 QUITO
015 D010365 ECUADOR
015 E040365 X
015 A000366 THE HONGKONG & SHANGHAI BANKING CORP LTD
015 B000366 S
015 C010366 BOMBAY
015 D010366 INDIA
015 D020366 400 001
015 E040366 X
015 A000368 THE BRITISH BANK OF THE MIDDLE EAST
<PAGE>
PAGE 30
015 B000368 S
015 C010368 RAS-BEIRUT
015 D010368 LEBANON
015 E040368 X
015 A000369 THE BRITISH BANK OF THE MIDDLE EAST
015 B000369 S
015 C010369 RUWI,MUSCAT
015 D010369 SULTANATE OF OMAN
015 E040369 X
015 A000370 CITIBANK N.A.
015 B000370 S
015 C010370 CARACAS
015 D010370 VENEZUELA
015 D020370 1010
015 E040370 X
024 000300 N
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028 A020300 0
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028 B010300 8560
028 B020300 64791
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028 C040300 5047
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028 D040300 10913
028 E010300 16012
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028 F040300 3526
028 G010300 59511
028 G020300 64791
028 G030300 0
028 G040300 30160
028 H000300 0
042 A000300 0
042 B000300 0
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<PAGE>
PAGE 31
042 G000300 0
042 H000300 100
043 000300 1
044 000300 0
045 000300 Y
046 000300 N
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062 H000300 0.0
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066 A000300 Y
<PAGE>
PAGE 32
066 B000300 N
066 C000300 N
066 D000300 Y
066 E000300 N
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 Y
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 Y
070 N010300 Y
070 N020300 N
070 O010300 N
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 108745
071 B000300 99871
071 C000300 647276
071 D000300 15
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<PAGE>
PAGE 33
072 B000300 1165
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<PAGE>
PAGE 34
074 P000300 0
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008 A000401 TEMPLETON INVESTMENT COUNSEL, INC.
008 B000401 A
008 C000401 801-15125
008 D010401 FT. LAUDERDALE
008 D020401 FL
008 D030401 33394
015 A000401 THE CHASE MANHATTAN BANK
015 B000401 S
015 C010401 BUENOS AIRES
015 D010401 ARGENTINA
015 D020401 1061
015 E040401 X
015 A000402 THE CHASE MANHATTAN BANK
015 B000402 S
015 C010402 SYDNEY
015 D010402 AUSTRALIA
015 D020402 2000
015 E040402 X
015 A000403 CREDITANSTALT-BANKVEREIN
015 B000403 S
015 C010403 VIENNA
015 D010403 AUSTRIA
015 D020403 A-1011
015 E040403 X
015 A000404 STANDARD CHARTERED BANK
015 B000404 S
015 C010404 DHAKA
015 D010404 BANGLADESH
015 D020404 1000
015 E040404 X
015 A000405 GENERALE BANK
015 B000405 S
015 C010405 BRUSSELS
<PAGE>
PAGE 35
015 D010405 BELGIUM
015 D020405 1000
015 E040405 X
015 A000406 BANCO CHASE MANHATTAN, S.A.
015 B000406 S
015 C010406 SAO PAULO
015 D010406 BRAZIL
015 D020406 SP 04719-002
015 E040406 X
015 A000407 THE ROYAL BANK OF CANADA
015 B000407 S
015 C010407 TORONTO
015 D010407 CANADA
015 D020407 M5J 2J5
015 E040407 X
015 A000408 DEN DANSKE BANK
015 B000408 S
015 C010408 COPENHAGEN
015 D010408 DENMARK
015 E040408 X
015 A000409 MERITA BANK LTD
015 B000409 S
015 C010409 HELSINKI
015 D010409 FINLAND
015 D020409 00500
015 E040409 X
015 A000410 BANQUE PARIBAS
015 B000410 S
015 C010410 PARIS
015 D010410 FRANCE
015 D020410 75078
015 E040410 X
015 A000411 CHASE BANK A.G.
015 B000411 S
015 C010411 FRANKFURT
015 D010411 GERMANY
015 D020411 60441
015 E040411 X
015 A000412 BARCLAYS BANK PLC
015 B000412 S
015 C010412 ATHENS
015 D010412 GREECE
015 D020412 10562
015 E040412 X
015 A000413 THE CHASE MANHATTAN BANK
015 B000413 S
015 C010413 HONG KONG
015 D010413 HONG KONG
015 E040413 X
015 A000414 THE HONGKONG & SHANGHAI BANKING CORP LTD.
015 B000414 S
<PAGE>
PAGE 36
015 C010414 JAKARTA
015 D010414 INDONESIA
015 D020414 10023
015 E040414 X
015 A000415 BANK OF IRELAND
015 B000415 S
015 C010415 DUBLIN
015 D010415 IRELAND
015 D020415 1
015 E040415 X
015 A000416 BANK LEUMI LE-ISRAEL B.M.
015 B000416 S
015 C010416 TEL AVIV
015 D010416 ISRAEL
015 D020416 61000
015 E040416 X
015 A000417 BANQUE PARIBAS
015 B000417 S
015 C010417 MILAN
015 D010417 ITALY
015 D020417 20121
015 E040417 X
015 A000418 THE FUJI BANK, LTD
015 B000418 S
015 C010418 TOKYO
015 D010418 JAPAN
015 E040418 X
015 A000419 THE CHASE MANHATTAN BANK BERHAD
015 B000419 S
015 C010419 KUALA LUMPUR
015 D010419 MALAYSIA
015 D020419 50250
015 E040419 X
015 A000420 THE CHASE MANHATTAN BANK, SA.
015 B000420 S
015 C010420 MEXICO D.F.
015 D010420 MEXICO
015 D020420 01210
015 E040420 X
015 A000421 ABN AMRO N.V.
015 B000421 S
015 C010421 DE BREDA
015 D010421 NETHERLANDS
015 D020421 4800
015 E040421 X
015 A000422 NATIONAL NOMINEES LTD.
015 B000422 S
015 C010422 AUCKLAND
015 D010422 NEW ZEALAND
015 E040422 X
015 A000423 DEN NORSKE BANK
<PAGE>
PAGE 37
015 B000423 S
015 C010423 OSLO
015 D010423 NORWAY
015 D020423 0107
015 E040423 X
015 A000424 THE HONGKONG & SHANGHAI BANKING CORP LTD.
015 B000424 S
015 C010424 PASIG CITY
015 D010424 PHILIPPINES
015 E040424 X
015 A000425 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B000425 S
015 C010425 LISBON
015 D010425 PORTUGAL
015 D020425 1200
015 E040425 X
015 A000426 THE HONGKONG & SHANGHAI BANKING CORP LTD.
015 B000426 S
015 C010426 SHANGHAI
015 D010426 CHINA
015 E040426 X
015 A000427 THE HONGKONG & SHANGHAI BANKING CORP LTD.
015 B000427 S
015 C010427 SHENZHEN
015 D010427 CHINA
015 E040427 X
015 A000428 THE CHASE MANHATTAN BANK
015 B000428 S
015 C010428 SINGAPORE
015 D010428 SINGAPORE
015 D020428 0104
015 E040428 X
015 A000429 STANDARD BANK OF SOUTH AFRICA, LTD.
015 B000429 S
015 C010429 JOHANNESBURG
015 D010429 SOUTH AFRICA
015 D020429 2001
015 E040429 X
015 A000430 THE HONGKONG & SHANGHAI BANKING CORP LTD.
015 B000430 S
015 C010430 SEOUL
015 D010430 SOUTH KOREA
015 E040430 X
015 A000431 THE CHASE MANHATTAN BANK
015 B000431 S
015 C010431 MADRID
015 D010431 SPAIN
015 D020431 28046
015 E040431 X
015 A000432 THE HONGKONG & SHANGHAI BANKING CORP LTD.
015 B000432 S
<PAGE>
PAGE 38
015 C010432 COLOMBO
015 D010432 SRI LANKA
015 D020432 1
015 E040432 X
015 A000433 SKANDINAVISKA ENSKILDA BANKEN
015 B000433 S
015 C010433 STOCKHOLM
015 D010433 SWEDEN
015 D020433 S-106 40
015 E040433 X
015 A000434 UNION BANK OF SWITZERLAND
015 B000434 S
015 C010434 ZURICH
015 D010434 SWITZERLAND
015 D020434 8021
015 E040434 X
015 A000435 THE CHASE MANHATTAN BANK
015 B000435 S
015 C010435 BANGKOK
015 D010435 THAILAND
015 D020435 10500
015 E040435 X
015 A000436 THE CHASE MANHATTAN BANK
015 B000436 S
015 C010436 ISTANBUL
015 D010436 TURKEY
015 D020436 80700
015 E040436 X
015 A000437 THE CHASE MANHATTAN BANK
015 B000437 S
015 C010437 LONDON
015 D010437 UNITED KINGDOM
015 D020437 EC2P 2HD
015 E040437 X
015 A000438 THE CHASE MANHATTAN BANK
015 B000438 S
015 C010438 NEW YORK
015 C020438 NY
015 C030438 10081
015 E010438 X
015 A000439 THE FIRST NATIONAL BANK OF BOSTON
015 B000439 S
015 C010439 MONTEVIDEO
015 D010439 URUGUAY
015 E040439 X
015 A000440 CEDEL S.A.
015 B000440 S
015 C010440 LUXEMBOURG
015 D010440 LUXEMBOURG
015 E040440 X
015 A000441 FIRST CHICAGO CLEARING CENTRE
<PAGE>
PAGE 39
015 B000441 S
015 C010441 LONDON
015 D010441 UNITED KINGDOM
015 D020441 EC3A 1AA
015 E040441 X
015 A000442 RESERVE BANK
015 B000442 S
015 C010442 SYDNEY
015 D010442 AUSTRALIA
015 E040442 X
015 A000443 CANADA TRUST
015 B000443 S
015 C010443 TORONTO
015 D010443 CANADA
015 D020443 M5J 2T2
015 E040443 X
015 A000444 CESKSLOVENSKA OBCHODNI BANKA, A.S.
015 B000444 S
015 C010444 PRAHA
015 D010444 CZECH REPUBLIC
015 D020444 115 20
015 E040444 X
015 A000445 NATIONAL BANK OF EGYPT
015 B000445 S
015 C010445 CAIRO
015 D010445 EGYPT
015 E040445 X
015 A000446 HONGKONG & SHANGHAI BANKING CORP., LTD.
015 B000446 S
015 C010446 CUREPIPE
015 D010446 MAURITIUS
015 E040446 X
015 A000447 BANQUE COMMERCIALE DU MAROC
015 B000447 S
015 C010447 CASABLANCA
015 D010447 MOROCCO
015 D020447 20000
015 E040447 X
015 A000448 BARCLAYS BANK OF ZIMBABWE
015 B000448 S
015 C010448 HARARE
015 D010448 ZIMBABWE
015 E040448 X
015 A000449 CITIBANK BUDAPEST RT.
015 B000449 S
015 C010449 BUDAPEST
015 D010449 HUNGARY
015 D020449 1052
015 E040449 X
015 A000450 BARCLAYS BANK OF GHANA, LTD
015 B000450 S
<PAGE>
PAGE 40
015 C010450 ACCRA
015 D010450 GHANA
015 E040450 X
015 A000451 BANK HANDLOWY W WARSZAWIE, SA
015 B000451 S
015 C010451 WARSAW
015 D010451 POLAND
015 D020451 00-920
015 E040451 X
015 A000452 BARCLAYS BANK OF ZAMBIA
015 B000452 S
015 C010452 LUSAKA
015 D010452 ZAMBIA
015 E040452 X
015 A000453 CITIBANK, N.A.,
015 B000453 S
015 C010453 QUITO
015 D010453 ECUADOR
015 E040453 X
015 A000454 CITIBANK N.A.
015 B000454 S
015 C010454 LIMA
015 D010454 PERU
015 D020454 27
015 E040454 X
015 A000455 CESKOSLOVENSKA OBCHODNI BANKA, S.A.
015 B000455 S
015 C010455 BRATISLAVA
015 D010455 SLOVAK REPUBLIC
015 D020455 815 63
015 E040455 X
015 A000456 BARCLAYS BANK OF BOTSWANA LIMITED
015 B000456 S
015 C010456 GABORONE
015 D010456 BOTSWANA
015 E040456 X
015 A000457 BRITISH BANK OF THE MIDDLE EAST
015 B000457 S
015 C010457 MANAMA
015 D010457 BAHRAIN
015 E040457 X
015 A000458 BARCLAYS BANK OF KENYA
015 B000458 S
015 C010458 NAIROBI
015 D010458 KENYA
015 E040458 X
015 A000459 DEUTSCHE BANK A.G
015 B000459 S
015 C010459 KARACHI
015 D010459 PAKISTAN
015 E040459 X
<PAGE>
PAGE 41
015 A000461 BARCLAYS BANK PLC
015 B000461 S
015 C010461 NICOSIA
015 D010461 CYPRUS
015 D020461 1644
015 E040461 X
015 A000462 BANQUE GENERALE DU LUXEMBOURG S.A.
015 B000462 S
015 C010462 LUXEMBOURG
015 D010462 LUXEMBOURG
015 D020462 L-2951
015 E040462 X
015 A000463 STANDARD BANK NAMIBIA LTD
015 B000463 S
015 C010463 WINDHOEK
015 D010463 NAMIBIA
015 E040463 X
015 A000464 THE BRITISH BANK OF THE MIDDLE EAST
015 B000464 S
015 C010464 RUWI, MUSCAT
015 D010464 SULTANATE OF OMAN
015 E040464 X
015 A000465 CHASE MANHATTAN BANK INTERNATIONAL
015 B000465 S
015 C010465 MOSCOW
015 D010465 RUSSIA
015 D020465 125047
015 E040465 X
015 A000466 STANBIC BANK SWAZILAND LTD
015 B000466 S
015 C010466 MBABANE
015 D010466 SWAZILAND
015 E040466 X
015 A000467 THE HONGKONG & SHANGHAI BANKING CORP. LTD.,
015 B000467 S
015 C010467 BOMBAY
015 D010467 INDIA
015 E040467 X
015 A000468 THE BRITISH BANK OF THE MIDDLE EAST
015 B000468 S
015 C010468 RAS-BEIRUT
015 D010468 LEBANON
015 E040468 X
015 A000469 CITIBANK N.A.
015 B000469 S
015 C010469 CARACAS
015 D010469 VENEZUELA
015 E040469 X
024 000400 N
028 A010400 8090
028 A020400 0
<PAGE>
PAGE 42
028 A030400 0
028 A040400 1813
028 B010400 8390
028 B020400 49459
028 B030400 0
028 B040400 2322
028 C010400 9619
028 C020400 0
028 C030400 0
028 C040400 1852
028 D010400 10471
028 D020400 0
028 D030400 0
028 D040400 3321
028 E010400 12360
028 E020400 0
028 E030400 0
028 E040400 1036
028 F010400 13663
028 F020400 0
028 F030400 0
028 F040400 2072
028 G010400 62593
028 G020400 49459
028 G030400 0
028 G040400 12416
028 H000400 0
042 A000400 0
042 B000400 0
042 C000400 0
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 100
043 000400 0
044 000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.000
048 A010400 200000
048 A020400 0.650
048 B010400 1100000
048 B020400 0.585
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
<PAGE>
PAGE 43
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 1300000
048 K020400 0.520
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 0.0
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 N
066 E000400 N
066 F000400 N
066 G000400 Y
067 000400 N
068 A000400 N
068 B000400 Y
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
<PAGE>
PAGE 44
070 E010400 N
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 Y
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 228015
071 B000400 162231
071 C000400 575441
071 D000400 28
072 A000400 6
072 B000400 6407
072 C000400 10303
072 D000400 0
072 E000400 0
072 F000400 1572
072 G000400 313
072 H000400 0
072 I000400 0
072 J000400 113
072 K000400 0
072 L000400 49
072 M000400 12
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 20
072 S000400 4
<PAGE>
PAGE 45
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 0
072 X000400 2083
072 Y000400 0
072 Z000400 14627
072AA000400 12466
072BB000400 3177
072CC010400 65100
072CC020400 0
072DD010400 17069
072DD020400 0
072EE000400 32390
073 A010400 0.6350
073 A020400 0.0000
073 B000400 1.2050
073 C000400 0.0000
074 A000400 81
074 B000400 0
074 C000400 43533
074 D000400 158396
074 E000400 28385
074 F000400 463403
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 7667
074 K000400 0
074 L000400 6381
074 M000400 1637
074 N000400 709483
074 O000400 12242
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 2020
074 S000400 0
074 T000400 695221
074 U010400 31066
074 U020400 101
074 V010400 22.31
074 V020400 22.30
074 W000400 0.0000
074 X000400 5
074 Y000400 0
075 A000400 0
075 B000400 613299
076 000400 0.00
<PAGE>
PAGE 46
008 A000501 TEMPLETON INVESTMENT COUNSEL, INC.
008 B000501 A
008 C000501 801-15125
008 D010501 FT. LAUDERDALE
008 D020501 FL
008 D030501 33394
015 A000501 CHASE MANHATTAN BANK
015 B000501 S
015 C010501 BUENOS AIRES
015 D010501 ARGENTINA
015 D020501 1061
015 E040501 X
015 A000502 THE CHASE MANHATTAN BANK
015 B000502 S
015 C010502 SYDNEY
015 D010502 AUSTRALIA
015 D020502 2000
015 E040502 X
015 A000503 CREDITANSTALT - BANKVEREIN
015 B000503 S
015 C010503 VIENNA
015 D010503 AUSTRIA
015 D020503 A-1011
015 E040503 X
015 A000504 STANDARD CHARTERED BANK
015 B000504 S
015 C010504 DHAKA
015 D010504 BANGLADESH
015 D020504 1000
015 E040504 X
015 A000505 GENERALE BANK
015 B000505 S
015 C010505 BRUSSELS
015 D010505 BELGIUM
015 D020505 1000
015 E040505 X
015 A000506 BANCO CHASE MANHATTAN, S.A.
015 B000506 S
015 C010506 SAO PAULO
015 D010506 BRAZIL
015 D020506 SP 04719-002
015 E040506 X
015 A000507 THE ROYAL BANK OF CANADA
015 B000507 S
015 C010507 TORONTO
015 D010507 CANADA
015 D020507 M5J 2J5
015 E040507 X
015 A000508 CANADA TRUST
015 B000508 S
015 C010508 TORONTO
<PAGE>
PAGE 47
015 D010508 CANADA
015 D020508 M5J 2T2
015 E040508 X
015 A000509 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000509 S
015 C010509 PRAHA
015 D010509 CZECH REPUBLIC
015 D020509 115 20
015 E040509 X
015 A000510 DEN DANSKE BANK
015 B000510 S
015 C010510 COPENHAGEN
015 D010510 DENMARK
015 E040510 X
015 A000511 NATIONAL BANK OF EGYPT
015 B000511 S
015 C010511 CAIRO
015 D010511 EGYPT
015 E040511 X
015 A000512 MERITA BANK LTD
015 B000512 S
015 C010512 HELSINKI
015 D010512 FINLAND
015 E040512 X
015 A000513 BANQUE PARIBAS
015 B000513 S
015 C010513 PARIS
015 D010513 FRANCE
015 D020513 75078
015 E040513 X
015 A000514 CHASE MANHATTAN BANK A.G.
015 B000514 S
015 C010514 FRANKFURT
015 D010514 GERMANY
015 D020514 60284
015 E040514 X
015 A000515 BARCLAYS BANK OF GHANA LTD.
015 B000515 S
015 C010515 ACCRA
015 D010515 GHANA
015 E040515 X
015 A000516 BARCLAYS BANK PLC
015 B000516 S
015 C010516 ATHENS
015 D010516 GREECE
015 D020516 10562
015 E040516 X
015 A000517 THE CHASE MANHATTAN BANK
015 B000517 S
015 C010517 HONG KONG
015 D010517 HONG KONG
<PAGE>
PAGE 48
015 E040517 X
015 A000518 CITIBANK BUDAPEST RT.
015 B000518 S
015 C010518 BUDAPEST
015 D010518 HUNGARY
015 D020518 H-1051
015 E040518 X
015 A000519 THE HONG KONG & SHANGHAI BANKING CORP. LTD.
015 B000519 S
015 C010519 JAKARTA
015 D010519 INDONESIA
015 D020519 10023
015 E040519 X
015 A000520 BANK OF IRELAND
015 B000520 S
015 C010520 DUBLIN
015 D010520 IRELAND
015 D020520 1
015 E040520 X
015 A000521 BANK LEUMI LE-ISRAEL B.M.
015 B000521 S
015 C010521 TEL AVIV
015 D010521 ISRAEL
015 D020521 61000
015 E040521 X
015 A000522 BANQUE PARIBAS
015 B000522 S
015 C010522 MILAN
015 D010522 ITALY
015 D020522 20121
015 E040522 X
015 A000523 THE FUJI BANK, LTD.
015 B000523 S
015 C010523 TOKYO
015 D010523 JAPAN
015 E040523 X
015 A000524 THE CHASE MANHATTAN BANK
015 B000524 S
015 C010524 KUALA LUMPUR
015 D010524 MALAYSIA
015 D020524 50250
015 E040524 X
015 A000525 THE HONG KONG & SHANGHAI BANKING CORP.LTD.
015 B000525 S
015 C010525 CUREPIPE
015 D010525 MAURITIUS
015 E040525 X
015 A000526 THE CHASE MANHATTAN BANK, S.A.
015 B000526 S
015 C010526 MEXICO D.F
015 D010526 MEXICO
<PAGE>
PAGE 49
015 D020526 01210
015 E040526 X
015 A000527 BANQUE COMMERCIALE DU MAROC
015 B000527 S
015 C010527 CASABLANCA
015 D010527 MOROCCO
015 D020527 20000
015 E040527 X
015 A000528 ABN AMRO N.V.
015 B000528 S
015 C010528 DE BREDA
015 D010528 NETHERLANDS
015 D020528 4800
015 E040528 X
015 A000529 NATIONAL NOMINEES LIMITED
015 B000529 S
015 C010529 AUCKLAND
015 D010529 NEW ZEALAND
015 E040529 X
015 A000530 DEN NORSKE BANK
015 B000530 S
015 C010530 OSLO
015 D010530 NORWAY
015 D020530 N-0107
015 E040530 X
015 A000531 CITIBANK N.A.
015 B000531 S
015 C010531 LIMA
015 D010531 PERU
015 D020531 27
015 E040531 X
015 A000532 THE HONGKONG & SHANGHAI BANKING CORP.LTD.
015 B000532 S
015 C010532 PASIG CITY
015 D010532 PHILIPPINES
015 E040532 X
015 A000533 BANK HANDLOWY W. WARSZAWIE, S.A.
015 B000533 S
015 C010533 WARSAW
015 D010533 POLAND
015 D020533 00-920
015 E040533 X
015 A000534 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B000534 S
015 C010534 LISBON
015 D010534 PORTUGAL
015 D020534 1200
015 E040534 X
015 A000535 THE HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B000535 S
015 C010535 SHANGHAI
<PAGE>
PAGE 50
015 D010535 CHINA
015 D020535 200120
015 E040535 X
015 A000536 THE HONGKONG & SHANGHAI BANKING CORP. LTD
015 B000536 S
015 C010536 SHENZHEN
015 D010536 CHINA
015 D020536 1
015 E040536 X
015 A000537 THE CHASE MANHATTAN BANK
015 B000537 S
015 C010537 SINGAPORE
015 D010537 SINGAPORE
015 D020537 189720
015 E040537 X
015 A000538 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B000538 S
015 C010538 BRATISLAVA
015 D010538 SLOVAK REPUPLIC
015 D020538 815-63
015 E040538 X
015 A000539 THE STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000539 S
015 C010539 JOHANNESBURG
015 D010539 SOUTH AFRICA
015 D020539 2001
015 E040539 X
015 A000540 THE HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B000540 S
015 C010540 SEOUL
015 D010540 SOUTH KOREA
015 D020540 1
015 E040540 X
015 A000541 THE CHASE MANHATTAN BANK
015 B000541 S
015 C010541 MADRID
015 D010541 SPAIN
015 D020541 28046
015 E040541 X
015 A000542 THE HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B000542 S
015 C010542 COLOMBO
015 D010542 SRI LANKA
015 D020542 1
015 E040542 X
015 A000543 SKANDINAVISKA ENSKILDA BANKEN
015 B000543 S
015 C010543 STOCKHOLM
015 D010543 SWEDEN
015 D020543 S-106 40
015 E040543 X
<PAGE>
PAGE 51
015 A000544 UNION BANK OF SWITZERLAND
015 B000544 S
015 C010544 ZURICH
015 D010544 SWITZERLAND
015 D020544 8021
015 E040544 X
015 A000545 THE CHASE MANHATTAN BANK
015 B000545 S
015 C010545 BANGKOK
015 D010545 THAILAND
015 D020545 10500
015 E040545 X
015 A000546 THE CHASE MANHATTAN BANK
015 B000546 S
015 C010546 ISTANBUL
015 D010546 TURKEY
015 D020546 80700
015 E040546 X
015 A000547 THE CHASE MANHATTAN BANK
015 B000547 S
015 C010547 LONDON
015 D010547 UNITED KINGDOM
015 D020547 EC2P 2HD
015 E040547 X
015 A000548 THE CHASE MANHATTAN BANK
015 B000548 C
015 C010548 NEW YORK
015 C020548 NY
015 C030548 10081
015 E010548 X
015 A000549 THE FIRST NATIONAL BANK OF BOSTON
015 B000549 S
015 C010549 MONTEVIDEO
015 D010549 URUGUAY
015 E040549 X
015 A000550 CITIBANK N.A.
015 B000550 S
015 C010550 CARACAS
015 D010550 VENEZUELA
015 D020550 1010
015 E040550 X
015 A000551 BARCLAYS BANK OF ZAMBIA
015 B000551 S
015 C010551 LUSAKA
015 D010551 ZAMBIA
015 E040551 X
015 A000552 BARCLAYS BANK OF ZIMBABWE
015 B000552 S
015 C010552 HARARE
015 D010552 ZIMBABWE
015 E040552 X
<PAGE>
PAGE 52
015 A000553 CEDEL BANK
015 B000553 S
015 C010553 LUXEMBOURG
015 D010553 LUXEMBOURG
015 D020553 50
015 E040553 X
015 A000554 FIRST CHICAGO CLEARING CENTRE
015 B000554 S
015 C010554 LONDON
015 D010554 UNITED KINGDOM
015 D020554 EC3A 1AA
015 E040554 X
015 A000555 RESERVE BANK
015 B000555 S
015 C010555 SYDNEY
015 D010555 AUSTRALIA
015 E040555 X
015 A000557 BARCLAYS BANK OF BOTSWANA LIMITED
015 B000557 S
015 C010557 GABORONE
015 D010557 BOTSWANA
015 E040557 X
015 A000558 BARCLAYS BANK OF KENYA
015 B000558 S
015 C010558 NAIROBI
015 D010558 KENYA
015 E040558 X
015 A000559 BARCLAYS BANK PLC
015 B000559 S
015 C010559 NICOSIA
015 D010559 CYRPUS
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015 A000560 BANQUE GENERALE DU LUXEMBOURG S.A.
015 B000560 S
015 C010560 LUXEMBOURG
015 D010560 LUXEMBOURG
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015 B000561 S
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015 D010561 SULTANATE OF OMAN
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015 A000562 DEUTSCHE BANK A.G.
015 B000562 S
015 C010562 KARACHI
015 D010562 PAKISTAN
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015 A000563 CHASE MANHATTAN BANK INTERNATIONAL
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<PAGE>
PAGE 53
015 C010563 MOSCOW
015 D010563 RUSSIA
015 D020563 125047
015 E040563 X
015 A000564 STANBIC BANK SWAZILAND LTD
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015 C010564 MBABANE
015 D010564 SWAZILAND
015 E040564 X
015 A000565 STANDARD BANK NAMIBIA LTD
015 B000565 S
015 C010565 WINDHOEK
015 D010565 NAMIBIA
015 E040565 X
015 A000566 THE BRITISH BANK OF THE MIDDLE EAST
015 B000566 S
015 C010566 MANARNA
015 D010566 BAHRAIN
015 E040566 X
015 A000567 CITIBANK N.A.
015 B000567 S
015 C010567 QUITO
015 D010567 ECUADOR
015 E040567 X
015 A000568 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000568 S
015 C010568 BOMBAY
015 D010568 INDIA
015 D020568 400 001
015 E040568 X
015 A000569 THE BRITISH BANK OF THE MIDDLE EAST
015 B000569 S
015 C010569 RAS-BEIRUT
015 D010569 LEBANON
015 E040569 X
024 000500 Y
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028 B040500 4265
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<PAGE>
PAGE 54
028 D040500 7917
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042 C000500 0
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 100
043 000500 0
044 000500 0
045 000500 Y
046 000500 N
047 000500 Y
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048 C010500 600000
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048 D020500 0.000
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048 E020500 0.000
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048 F020500 0.000
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048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 1300000
048 K020500 0.600
062 A000500 N
<PAGE>
PAGE 55
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 Y
066 E000500 N
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 Y
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 N
070 K020500 N
070 L010500 Y
<PAGE>
PAGE 56
070 L020500 Y
070 M010500 Y
070 M020500 Y
070 N010500 N
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 200945
071 B000500 86648
071 C000500 685068
071 D000500 13
072 A000500 6
072 B000500 1947
072 C000500 17270
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072AA000500 30024
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<PAGE>
PAGE 57
073 A020500 0.0000
073 B000500 0.2050
073 C000500 0.0000
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074 D000500 0
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074 F000500 765506
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074 R030500 0
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074 U020500 132
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074 W000500 0.0000
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075 A000500 0
075 B000500 761302
076 000500 0.00
008 A000601 TEMPLETON ASSET MANAGEMENT, LTD
008 B000601 A
008 C000601 801-000000
008 D010601 SINGAPORE
008 D050601 SINGAPORE
015 A000601 THE CHASE MANHATTAN BANK
015 B000601 S
015 C010601 BUENOS AIRES
015 D010601 ARGENTINA
015 D020601 1061
015 E040601 X
015 A000602 THE CHASE MANHATTAN BANK
015 B000602 S
015 C010602 SYDNEY
015 D010602 AUSTRALIA
<PAGE>
PAGE 58
015 D020602 2000
015 E040602 X
015 A000603 CREDITANSTALT - BANKVEREIN
015 B000603 S
015 C010603 VIENNA
015 D010603 AUSTRIA
015 D020603 A-1011
015 E040603 X
015 A000604 STANDARD CHARTERED BANK
015 B000604 S
015 C010604 DHAKA
015 D010604 BANGLADESH
015 D020604 1000
015 E040604 X
015 A000605 GENERALE BANK
015 B000605 S
015 C010605 BRUSSELS
015 D010605 BELGIUM
015 D020605 1000
015 E040605 X
015 A000606 BARCLAYS BANK OF BOTSWANA LIMITED
015 B000606 S
015 C010606 GABORONE
015 D010606 BOTSWANA
015 E040606 X
015 A000607 THE ROYAL BANK OF CANADA
015 B000607 S
015 C010607 TORONTO
015 D010607 CANADA
015 D020607 M5J 2J5
015 E040607 X
015 A000608 CANADA TRUST
015 B000608 S
015 C010608 TORONTO
015 D010608 CANADA
015 D020608 M5J 2T2
015 E040608 X
015 A000609 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000609 S
015 C010609 PRAHA
015 D010609 CZECH REPUBLIC
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015 E040609 X
015 A000610 DEN DANSKE BANK
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015 C010610 COPENHAGEN
015 D010610 DENMARK
015 D020610 1091
015 E040610 X
015 A000611 NATIONAL BANK OF EGYPT
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<PAGE>
PAGE 59
015 C010611 CAIRO
015 D010611 EGYPT
015 E040611 X
015 A000612 MERITA BANK LTD
015 B000612 S
015 C010612 HELSINKI
015 D010612 FINLAND
015 E040612 X
015 A000613 BANQUE PARIBAS
015 B000613 S
015 C010613 PARIS
015 D010613 FRANCE
015 D020613 75078
015 E040613 X
015 A000614 CHASE MANHATTAN BANK A.G.
015 B000614 S
015 C010614 FRANKFURT
015 D010614 GERMANY
015 E040614 X
015 A000615 BARCLAYS BANK OF GHANA LTD
015 B000615 S
015 C010615 ACCRA
015 D010615 GHANA
015 E040615 X
015 A000616 BARCLAYS BANK PLC
015 B000616 S
015 C010616 ATHENS
015 D010616 GREECE
015 D020616 10562
015 E040616 X
015 A000617 THE CHASE MANHATTAN BANK
015 B000617 S
015 C010617 HONG KONG
015 D010617 HONG KONG
015 E040617 X
015 A000618 CITIBANK BUDAPEST RT.
015 B000618 S
015 C010618 BUDAPEST
015 D010618 HUNGARY
015 D020618 H-1051
015 E040618 X
015 A000619 THE HONGKONG & SHANGHAI BANKING CORP LTD.
015 B000619 S
015 C010619 JAKARTA
015 D010619 INDONESIA
015 D020619 10023
015 E040619 X
015 A000620 BANK OF IRELAND
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015 C010620 DUBLIN
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<PAGE>
PAGE 60
015 D020620 1
015 E040620 X
015 A000621 BANK LEUMI LE-ISRAEL B.M.
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015 C010621 TEL AVIV
015 D010621 ISRAEL
015 D020621 61000
015 E040621 X
015 A000622 BANQUE PARIBAS
015 B000622 S
015 C010622 MILAN
015 D010622 ITALY
015 D020622 20121
015 E040622 X
015 A000623 THE FUJI BANK LTD.
015 B000623 S
015 C010623 TOKYO
015 D010623 JAPAN
015 E040623 X
015 A000624 BARCLAYS BANK OF KENYA
015 B000624 S
015 C010624 NAIROBI
015 D010624 KENYA
015 E040624 X
015 A000625 THE CHASE MANHATTAN BANK
015 B000625 S
015 C010625 KUALA LUMPUR
015 D010625 MALAYSIA
015 D020625 50250
015 E040625 X
015 A000626 HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000626 S
015 C010626 CUREPIPE
015 D010626 MAURITIUS
015 E040626 X
015 A000627 THE CHASE MANHATTAN BANK, S.A.
015 B000627 C
015 C010627 MEXICO D.F.
015 D010627 MEXICO
015 D020627 01210
015 E040627 X
015 A000628 BANQUE COMMERCIALE DU MAROC
015 B000628 S
015 C010628 CASABLANCA
015 D010628 MOROCCO
015 D020628 20000
015 E040628 X
015 A000629 ABN AMRO N.V.
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015 C010629 DE BREDA
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<PAGE>
PAGE 61
015 D020629 4800
015 E040629 X
015 A000630 NATIONAL NOMINEES LIMITED
015 B000630 S
015 C010630 AUCKLAND
015 D010630 NEW ZEALAND
015 E040630 X
015 A000631 DEN NORSKE BANK
015 B000631 S
015 C010631 OSLO
015 D010631 NORWAY
015 D020631 N-0107
015 E040631 X
015 A000633 DEUTSCHE BANK A.G.
015 B000633 S
015 C010633 KARACHI
015 D010633 PAKISTAN
015 E040633 X
015 A000634 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000634 S
015 C010634 PASIG CITY
015 D010634 PHILIPPINES
015 E040634 X
015 A000635 BANK HANDLOWY W. WARSZAWIE. S.A.
015 B000635 S
015 C010635 WARSAW
015 D010635 POLAND
015 D020635 00-920
015 E040635 X
015 A000636 THE HONGKONG & SHANGHAI BANKING CORP LIMITED
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015 C010636 SHANGHAI
015 D010636 CHINA
015 D020636 200120
015 E040636 X
015 A000637 THE HONGKONG & SHANGHAI BANKING CORP LTD
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015 C010637 SHENZHEN
015 D010637 CHINA
015 E040637 X
015 A000638 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
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015 C010638 LISBON
015 D010638 PORTUGAL
015 D020638 1200
015 E040638 X
015 A000639 CHASE MANHATTAN BANK INTERNATIONAL("CMBI")
015 B000639 S
015 C010639 MOSCOW
015 D010639 RUSSIA
015 D020639 125047
<PAGE>
PAGE 62
015 E040639 X
015 A000640 THE CHASE MANHATTAN BANK
015 B000640 S
015 C010640 SINGAPORE
015 D010640 SINGAPORE
015 D020640 189720
015 E040640 X
015 A000641 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000641 S
015 C010641 BRATISLAVA
015 D010641 SLOVAK REPUBLIC
015 D020641 815 63
015 E040641 X
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015 C010642 JOHANNESBURG
015 D010642 SOUTH AFRICA
015 D020642 2001
015 E040642 X
015 A000643 THE CHASE MANHATTAN BANK
015 B000643 S
015 C010643 MADRID
015 D010643 SPAIN
015 D020643 28046
015 E040643 X
015 A000644 THE HONGKONG & SHANGHAI BANKING CORP LTD.
015 B000644 S
015 C010644 COLOMBO
015 D010644 SRI LANKA
015 D020644 1
015 E040644 X
015 A000645 SKANDINAVISKA ENSKILDA BANKEN
015 B000645 S
015 C010645 STOCKHOLM
015 D010645 SWEDEN
015 D020645 S-106 40
015 E040645 X
015 A000646 UNION BANK OF SWITZERLAND
015 B000646 S
015 C010646 ZURICH
015 D010646 SWITZERLAND
015 D020646 8021
015 E040646 X
015 A000647 THE CHASE MANHATTAN BANK
015 B000647 S
015 C010647 BANGKOK
015 D010647 THAILAND
015 D020647 10500
015 E040647 X
015 A000648 THE CHASE MANHATTAN BANK
015 B000648 S
<PAGE>
PAGE 63
015 C010648 ISTANBUL
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015 D020648 80700
015 E040648 X
015 A000649 THE CHASE MANHATTAN BANK
015 B000649 S
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015 D010649 UNITED KINGDOM
015 D020649 EC2P 2HD
015 E040649 X
015 A000650 THE CHASE MANHATTAN BANK
015 B000650 C
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015 C020650 NY
015 C030650 10081
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015 A000651 THE FIRST NATIONAL BANK OF BOSTON
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015 C010651 MONTEVIDEO
015 D010651 URUGUAY
015 E040651 X
015 A000652 BARCLAYS BANK OF ZAMBIA
015 B000652 S
015 C010652 LUSAKA
015 D010652 ZAMBIA
015 E040652 X
015 A000653 BARCLAYS BANK OF ZIMBABWE
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015 C010653 HARARE
015 D010653 ZIMBABWE
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015 B000654 S
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015 D020655 EC38 1AA
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<PAGE>
PAGE 64
015 D010657 BRAZIL
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015 D020658 1644
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<PAGE>
PAGE 65
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015 D020668 400 001
015 E040668 X
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015 E040669 X
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015 D020671 1010
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<PAGE>
PAGE 66
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<PAGE>
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<PAGE>
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<PAGE>
PAGE 69
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PAGE 70
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SIGNATURE JAMES R BAIO
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TEMPLETON STOCK FUND JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRITY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000829959
<NAME> TEMPLETON VARIABLE PRODUCTS SERIES FUND
<SERIES>
<NUMBER> 001
<NAME> TEMPLETON STOCK FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TEMPLETON STOCK FUND JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRITY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>0000829959
<NAME> TEMPLETON VARIABLE PRODUCTS SERIES FUND
<SERIES>
<NUMBER> 002
<NAME> TEMPLETON STOCK FUND - CLASS 2
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> MAY-01-1997 <F1>
<PERIOD-END> JUN-30-1997
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<FN>
<F1>THE COMMENCEMENT OF OPERATION WAS ON MAY 01, 1997.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TVPS TEMPLETON ASSET ALLOCATION FUND JUNE 30, 1997 SEMI-ANNUAL REPORT
AND IS QUALIFIED IN ITS ENTIRITY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<CIK> 0000829959
<NAME> TEMPLETON VARIABLE PRODUCTS SERIES FUND
<SERIES>
<NUMBER> 021
<NAME> TEMPLETON ASSET ALLOCATION FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TVPS TEMPLETON ASSET ALLOCATION FUND JUNE 30, 1997 SEMI-ANNUAL REPORT
AND IS QUALIFIED IN ITS ENTIRITY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<CIK>0000829959
<NAME> TEMPLETON VARIABLE PRODUCTS SERIES FUND
<SERIES>
<NUMBER> 022
<NAME> TEMPLETON ASSET ALLOCATION FUND - CLASS 2
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> MAY-01-1997 <F1>
<PERIOD-END> JUN-30-1997
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<SHARES-REINVESTED> 0
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<FN>
<F1> THE COMMENCEMENT OF OPERATIONS WAS ON MAY 01, 1997.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TVPS TEMPLETON BOND FUND JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRITY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000829959
<NAME> TEMPLETON VARIABLE PRODUCTS SERIES FUND
<SERIES>
<NUMBER> 031
<NAME> TEMPLETON BOND FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 32302859
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<NUMBER-OF-SHARES-SOLD> 221237
<NUMBER-OF-SHARES-REDEEMED> (311895)
<SHARES-REINVESTED> 225352
<NET-CHANGE-IN-ASSETS> (875499)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TVPS TEMPLETON MONEY MARKET FUND JUNE 30, 1997 SEMI-ANNUAL REPORT AND
IS QUALIFIED IN ITS ENTIRITY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000829959
<NAME> TEMPLETON VARIABLE PRODUCTS SERIES FUND
<SERIES>
<NUMBER> 004
<NAME> TEMPLETON MONEY MARKET FUND
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 11580123
<INVESTMENTS-AT-VALUE> 11580123
<RECEIVABLES> 17876
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<OTHER-ITEMS-ASSETS> 686
<TOTAL-ASSETS> 11598685
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<NUMBER-OF-SHARES-REDEEMED> (20182574)
<SHARES-REINVESTED> 348951
<NET-CHANGE-IN-ASSETS> (2566395)
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TVPS TEMPLETON INTERNATIONAL FUND JUNE 30, 1997 SEMI-ANNUAL REPORT AND
IS QUALIFIED IN ITS ENTIRITY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000829959
<NAME> TEMPLETON VARIABLE PRODUCTS SERIES FUND
<SERIES>
<NUMBER> 051
<NAME> TEMPLETON INTERNATIONAL FUND - CLASS 1
<S> <C>
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<REALIZED-GAINS-CURRENT> 28989036
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<NUMBER-OF-SHARES-REDEEMED> (2027297)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TVPS TEMPLETON INTERNATIONAL FUND JUNE 30, 1997 SEMI-ANNUAL REPORT AND
IS QUALIFIED IN ITS ENTIRITY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000829959
<NAME> TEMPLETON VARIABLE PRODUCTS SERIES FUND
<SERIES>
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<NAME> TEMPLETON INTERNATIONAL FUND - CLASS 2
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<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 206796950
<ACCUMULATED-NII-PRIOR> 16391933
<ACCUMULATED-GAINS-PRIOR> 7500283
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2067816
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2740255
<AVERAGE-NET-ASSETS> 1297908
<PER-SHARE-NAV-BEGIN> 18.48
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> 1.71
<PER-SHARE-DIVIDEND> 0
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<PER-SHARE-NAV-END> 20.25
<EXPENSE-RATIO> 1.14
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>THE COMMENCEMENT OF OPERATIONS WAS ON MAY 01, 1997.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TVPS TEMPLETON DEVELOPING MARKETS FUND JUNE 30, 1997 SEMI-ANNUAL REPORT
AND IS QUALIFIED IN ITS ENTIRITY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<CIK> 0000829959
<NAME> TEMPLETON VARIABLE PRODUCTS SERIES FUND
<SERIES>
<NUMBER> 061
<NAME> TEMPLETON DEVELOPING MARKETS FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 166725099
<INVESTMENTS-AT-VALUE> 168454230
<RECEIVABLES> 1285823
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 169740053
<PAYABLE-FOR-SECURITIES> 2666799
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 607741
<TOTAL-LIABILITIES> 3274540
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 163523097
<SHARES-COMMON-STOCK> 16480207
<SHARES-COMMON-PRIOR> 7660863
<ACCUMULATED-NII-CURRENT> 911769
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 301516
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1729131
<NET-ASSETS> 166465513
<DIVIDEND-INCOME> 1300314
<INTEREST-INCOME> 589864
<OTHER-INCOME> 0
<EXPENSES-NET> 962182
<NET-INVESTMENT-INCOME> 927996
<REALIZED-GAINS-CURRENT> 359830
<APPREC-INCREASE-CURRENT> 3120640
<NET-CHANGE-FROM-OPS> 4408466
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (397958)
<DISTRIBUTIONS-OF-GAINS> (298468)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8948411
<NUMBER-OF-SHARES-REDEEMED> (196031)
<SHARES-REINVESTED> 66964
<NET-CHANGE-IN-ASSETS> 94220347
<ACCUMULATED-NII-PRIOR> 381731
<ACCUMULATED-GAINS-PRIOR> 240154
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 712110
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 962182
<AVERAGE-NET-ASSETS> 114566778
<PER-SHARE-NAV-BEGIN> 9.43
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.50
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> (0.03)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.91
<EXPENSE-RATIO> 1.69
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TVPS TEMPLETON DEVELOPING MARKETS FUND JUNE 30, 1997 SEMI-ANNUAL REPORT
AND IS QUALIFIED IN ITS ENTIRITY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<CIK> 0000829959
<NAME> TEMPLETON VARIABLE PRODUCTS SERIES FUND
<SERIES>
<NUMBER> 062
<NAME> TEMPLETON DEVELOPING MARKETS FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> MAY-01-1997 <F1>
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 166725099
<INVESTMENTS-AT-VALUE> 168454230
<RECEIVABLES> 1285823
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 169740053
<PAYABLE-FOR-SECURITIES> 2666799
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 607741
<TOTAL-LIABILITIES> 3274540
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 163523097
<SHARES-COMMON-STOCK> 311769
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 911769
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 301516
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1729131
<NET-ASSETS> 166465513
<DIVIDEND-INCOME> 1300314
<INTEREST-INCOME> 589864
<OTHER-INCOME> 0
<EXPENSES-NET> 962182
<NET-INVESTMENT-INCOME> 927996
<REALIZED-GAINS-CURRENT> 359830
<APPREC-INCREASE-CURRENT> 3120640
<NET-CHANGE-FROM-OPS> 4408466
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 323834
<NUMBER-OF-SHARES-REDEEMED> (12065)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 94220347
<ACCUMULATED-NII-PRIOR> 381731
<ACCUMULATED-GAINS-PRIOR> 240154
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 712110
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 962182
<AVERAGE-NET-ASSETS> 1459759
<PER-SHARE-NAV-BEGIN> 9.85
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 0.05
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.91
<EXPENSE-RATIO> 1.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1> THE COMMENCEMENT OF OPERATIONS WAS ON MAY 01, 1997.
</FN>
</TABLE>
