NAME OF REGISTRANT
Franklin Gold and Precious Metals Fund
File No. 811-1700
EXHIBIT ITEM No. 77M: Mergers
Pursuant to an Agreement and Plan of
Reorganization, the Franklin Gold Fund,
a corporation created under
the laws of the State of California,
will convey, transfer and deliver to the
Franklin Gold and Precious Metals Fund,
a business trust created under the laws
of the State of Delaware at the closing
provided for in Section 2 (hereinafter
referred to as the "Closing")
all of its then-existing assets. The
Agreement and Plan of Reorganization was
made on April 6, 2000 and can be
found in full, with exhibit No. 77q(g).
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