<PAGE> PAGE 1
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007 C020200 GROWTH AND INCOME FUND
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007 C010300 3
007 C020300 PRECIOUS METALS FUND
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007 C010400 4
007 C020400 REAL ESTATE SECURITIES FUND
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007 C010500 5
007 C020500 UTILITY EQUITY FUND
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007 C010600 6
007 C020600 HIGH INCOME FUND
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007 C010700 7
007 C020700 GLOBAL INCOME FUND
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007 C010800 8
007 C020800 INVESTMENT GRADE INTERMEDIATE BOND FUND
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007 C010900 9
007 C020900 INCOME SECURITIES FUND
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<PAGE> PAGE 2
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007 C011100 11
007 C021100 ZERO COUPON FUND - 1995
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007 C021200 ZERO COUPON FUND - 2000
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007 C011300 13
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007 C011400 14
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007 C011500 15
007 C021500 ADJUSTABLE U.S. GOVERNMENT FUND
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007 C011600 16
007 C021600 RISING DIVIDENDS FUND
007 C031600 N
007 C011700 17
007 C021700 TEMPLETON PACIFIC GROWTH FUND
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007 C011800 18
007 C021800 TEMPLETON INTERNATIONAL EQUITY FUND
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007 C011900 19
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<PAGE> PAGE 3
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013 A00AA01 COOPERS & LYBRAND L.L.P.
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013 A00AA03 DELETE
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020 A000008 PRUDENTIAL BACHE SECURITIES
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<PAGE> PAGE 4
020 C000009 130
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022 A000008 DONALDSON LUFKIN & JENRETTE
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022 C000010 3510499
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<PAGE> PAGE 5
025 D00AA04 0
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042 H00AA00 0
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054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
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<PAGE> PAGE 6
058 A00AA00 Y
058 B00AA00 Y
058 C00AA00 Y
058 D00AA00 Y
058 E00AA00 N
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060 A00AA00 Y
060 B00AA00 Y
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084 A00AA00 N
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086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
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008 B000101 A
008 C000101 801-26292
008 D010101 SAN MATEO
008 D020101 CA
008 D030101 94403
008 D040101 7777
015 A000101 BANK OF AMERICA, NT & SA
015 B000101 C
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015 C020101 CA
015 C030101 94104
015 C040101 1502
<PAGE> PAGE 7
015 E010101 X
015 A000102 CITIBANK, N.A.
015 B000102 S
015 C010102 BUENOS AIRES
015 D010102 ARGENTINA
015 E040102 X
015 A000103 NATIONAL AUSTRALIA BANK LTD.
015 B000103 S
015 C010103 MELBOURNE
015 D010103 AUSTRALIA
015 E040103 X
015 A000104 CREDITANSTALT-BANKVEREIN
015 B000104 S
015 C010104 VIENNA
015 D010104 AUSTRIA
015 E040104 X
015 A000105 CITIBANK, N.A.
015 B000105 S
015 C010105 SAO PAULO
015 D010105 BRAZIL
015 E040105 X
015 A000106 STANDARD CHARTERED BANK
015 B000106 S
015 C010106 DHAKA
015 D010106 BANGLADESH
015 E040106 X
015 A000107 BANQUE BRUSSELS LAMBERT
015 B000107 S
015 C010107 BRUSSELS
015 D010107 BELGIUM
015 E040107 X
015 A000108 THE BANK OF N.T. BUTTERFIELD & SON LTD.
015 B000108 S
015 C010108 HAMILTON
015 D010108 BERMUDA
015 E040108 X
015 A000109 THE CANADA TRUST COMPANY
015 B000109 S
015 C010109 TORONTO
015 D010109 CANADA
015 E040109 X
015 A000110 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000110 S
015 C010110 SHANGHAI
015 D010110 CHINA
015 E040110 X
015 A000111 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B000111 S
015 C010111 BOGOTA
015 D010111 COLOMBIA
015 E040111 X
<PAGE> PAGE 8
015 A000112 UNIBANK
015 B000112 S
015 C010112 COPENHAGEN
015 D010112 DENMARK
015 E040112 X
015 A000113 KANSALLIS-OSAKE-PANKKI
015 B000113 S
015 C010113 HELSINKI
015 D010113 FINLAND
015 E040113 X
015 A000114 SOCIETE GENERALE
015 B000114 S
015 C010114 PARIS
015 D010114 FRANCE
015 E040114 X
015 A000115 BANK OF AMERICA FOREIGN DIVISION - FRANKFURT
015 B000115 S
015 C010115 FRANKFURT
015 D010115 GERMANY
015 E040115 X
015 A000116 BARCLAYS BANK PLC
015 B000116 S
015 C010116 ATHENS
015 D010116 GREECE
015 E040116 X
015 A000117 BARCLAYS BANK PLC
015 B000117 S
015 C010117 HONG KONG
015 D010117 HONG KONG
015 E040117 X
015 A000118 CITIBANK, N.A.
015 B000118 S
015 C010118 BUDAPEST
015 D010118 HUNGARY
015 E040118 X
015 A000119 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B000119 S
015 C010119 BOMBAY
015 D010119 INDIA
015 E040119 X
015 A000120 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000120 S
015 C010120 JAKARTA
015 D010120 INDONESIA
015 E040120 X
015 A000121 BANK OF IRELAND
015 B000121 S
015 C010121 DUBLIN
015 D010121 IRELAND
015 E040121 X
015 A000122 BANK LEUMI LE-ISRAEL, B.M.
<PAGE> PAGE 9
015 B000122 S
015 C010122 TEL AVIV
015 D010122 ISRAEL
015 E040122 X
015 A000123 CITIBANK, N.A.
015 B000123 S
015 C010123 MILAN
015 D010123 ITALY
015 E040123 X
015 A000124 BARCLAYS BANK PLC VIA BAR. TR & BNK CO. (JPN)
015 B000124 S
015 C010124 TOKYO
015 D010124 JAPAN
015 E040124 X
015 A000125 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000125 S
015 C010125 SEOUL
015 D010125 SOUTH KOREA
015 E040125 X
015 A000126 CEDEL S.A. (DEPOSITORY)
015 B000126 S
015 C010126 LUXEMBOURG CITY
015 D010126 LUXEMBOURG
015 E040126 X
015 A000127 BARCLAYS BANK PLC VIA UTD. MAL. BNK. CORP. BE
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015 C010127 KUALA LUMPUR
015 D010127 MALAYSIA
015 E040127 X
015 A000128 BANCO NACIONAL DE MEXICO
015 B000128 S
015 C010128 MEXICO CITY
015 D010128 MEXICO
015 E040128 X
015 A000129 KAS-ASSOCIATIE N.V.
015 B000129 S
015 C010129 AMSTERDAM
015 D010129 NETHERLANDS
015 E040129 X
015 A000130 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
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015 C010130 WELLINGTON
015 D010130 NEW ZEALAND
015 E040130 X
015 A000131 CHRISTIANIA BANK OG KREDITKASSE
015 B000131 S
015 C010131 BERGEN
015 D010131 NORWAY
015 E040131 X
015 A000132 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
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<PAGE> PAGE 10
015 C010132 KARACHI
015 D010132 PAKISTAN
015 E040132 X
015 A000133 BANCO DE CREDITO DEL PERU
015 B000133 S
015 C010133 LIMA
015 D010133 PERU
015 E040133 X
015 A000134 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000134 S
015 C010134 MANILA
015 D010134 PHILIPPINES
015 E040134 X
015 A000135 CITIBANK, N.A.
015 B000135 S
015 C010135 WARSAW
015 D010135 POLAND
015 E040135 X
015 A000136 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B000136 S
015 C010136 LISBON
015 D010136 PORTUGAL
015 E040136 X
015 A000137 BARCLAYS BANK PLC
015 B000137 S
015 C010137 SINGAPORE
015 D010137 SINGAPORE
015 E040137 X
015 A000138 STANDARD BANK OF SOUTH AFRICA LIMITED
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015 C010138 JOHANNESBURG
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015 E040138 X
015 A000139 BANCO DE SANTANDER
015 B000139 S
015 C010139 MADRID
015 D010139 SPAIN
015 E040139 X
015 A000140 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
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015 C010140 COLOMBO
015 D010140 SRI LANKA
015 E040140 X
015 A000141 SKANDINAVISKA ENSKILDA BANKEN
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015 C010141 STOCKHOLM
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015 E040141 X
015 A000142 SWISS BANK CORPORATION
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015 C010142 ZURICH
<PAGE> PAGE 11
015 D010142 SWITZERLAND
015 E040142 X
015 A000143 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000143 S
015 C010143 TAIPEI
015 D010143 TAIWAN (ROC)
015 E040143 X
015 A000144 BARCLAYS BANK PLC VIA BANGKOK BANK LIMITED
015 B000144 S
015 C010144 BANGKOK
015 D010144 THAILAND
015 E040144 X
015 A000145 BARCLAYS BANK PLC VIA YAPI VE KRED. BNK. A.S.
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015 C010145 ISTANBUL
015 D010145 TURKEY
015 E040145 X
015 A000146 THE BANK OF NEW YORK
015 B000146 S
015 C010146 LONDON
015 D010146 UNITED KINGDOM
015 E040146 X
015 A000147 CITIBANK, N.A.
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015 C010147 CARACAS
015 D010147 VENEZUELA
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015 A000148 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
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015 C010148 SHENZHEN
015 D010148 CHINA
015 E040148 X
015 A000149 DELETE
015 A000150 BERLINER HANDELS-UND FRANKFURTER BANK
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015 C010150 FRANKFURT
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<PAGE> PAGE 12
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045 000100 Y
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048 B020100 0.500
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048 J020100 0.000
048 K010100 15000000
048 K020100 0.400
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051 000100 N
052 000100 N
053 A000100 Y
053 B000100 Y
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055 A000100 N
<PAGE> PAGE 13
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056 000100 N
057 000100 N
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063 B000100 0.0
064 A000100 N
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
<PAGE> PAGE 14
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
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<PAGE> PAGE 15
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008 C000201 801-26292
008 D010201 SAN MATEO
008 D020201 CA
008 D030201 94403
008 D040201 7777
008 A000202 DELETE
015 A000201 BANK OF AMERICA, NT & SA
015 B000201 C
015 C010201 SAN FRANCISCO
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015 C030201 94104
<PAGE> PAGE 16
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015 E010201 X
015 A000202 CITIBANK, N.A.
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015 C010202 BUENOS AIRES
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015 A000203 NATIONAL AUSTRALIA BANK LTD.
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015 A000204 CREDITANSTALT-BANKVEREIN
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015 A000208 CITIBANK, N.A.
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015 A000210 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
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015 A000211 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
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<PAGE> PAGE 17
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015 C010219 HONG KONG
015 D010219 HONG KONG
015 E040219 X
015 A000220 CITIBANK, N.A.
015 B000220 S
015 C010220 BUDAPEST
015 D010220 HUNGARY
015 E040220 X
015 A000221 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B000221 S
015 C010221 BOMBAY
015 D010221 INDIA
015 E040221 X
<PAGE> PAGE 18
015 A000222 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000222 S
015 C010222 JAKARTA
015 D010222 INDONESIA
015 E040222 X
015 A000223 BANK OF IRELAND
015 B000223 S
015 C010223 DUBLIN
015 D010223 IRELAND
015 E040223 X
015 A000224 BANK LEUMI LE-ISRAEL, B.M.
015 B000224 S
015 C010224 TEL AVIV
015 D010224 ISRAEL
015 E040224 X
015 A000225 CITIBANK, N.A.
015 B000225 S
015 C010225 MILAN
015 D010225 ITALY
015 E040225 X
015 A000226 BARCLAYS BANK PLC VIA BAR. TR & BNK CO. (JPN)
015 B000226 S
015 C010226 TOKYO
015 D010226 JAPAN
015 E040226 X
015 A000227 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000227 S
015 C010227 SEOUL
015 D010227 SOUTH KOREA
015 E040227 X
015 A000228 CEDEL S.A. (DEPOSITORY)
015 B000228 S
015 C010228 LUXEMBOURG CITY
015 D010228 LUXEMBOURG
015 E040228 X
015 A000229 BARCLAYS BANK PLC VIA UTD. MAL. BNK. CORP. BE
015 B000229 S
015 C010229 KUALA LUMPUR
015 D010229 MALAYSIA
015 E040229 X
015 A000230 BANCO NACIONAL DE MEXICO
015 B000230 S
015 C010230 MEXICO CITY
015 D010230 MEXICO
015 E040230 X
015 A000231 KAS-ASSOCIATIE N.V.
015 B000231 S
015 C010231 AMSTERDAM
015 D010231 NETHERLANDS
015 E040231 X
015 A000232 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
<PAGE> PAGE 19
015 B000232 S
015 C010232 WELLINGTON
015 D010232 NEW ZEALAND
015 E040232 X
015 A000233 CHRISTIANIA BANK OG KREDITKASSE
015 B000233 S
015 C010233 BERGEN
015 D010233 NORWAY
015 E040233 X
015 A000234 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B000234 S
015 C010234 KARACHI
015 D010234 PAKISTAN
015 E040234 X
015 A000235 BANCO DE CREDITO DEL PERU
015 B000235 S
015 C010235 LIMA
015 D010235 PERU
015 E040235 X
015 A000236 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000236 S
015 C010236 MANILA
015 D010236 PHILIPPINES
015 E040236 X
015 A000237 CITIBANK, N.A.
015 B000237 S
015 C010237 WARSAW
015 D010237 POLAND
015 E040237 X
015 A000238 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B000238 S
015 C010238 LISBON
015 D010238 PORTUGAL
015 E040238 X
015 A000239 BARCLAYS BANK PLC
015 B000239 S
015 C010239 SINGAPORE
015 D010239 SINGAPORE
015 E040239 X
015 A000240 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000240 S
015 C010240 JOHANNESBURG
015 D010240 SOUTH AFRICA
015 E040240 X
015 A000241 BANCO DE SANTANDER
015 B000241 S
015 C010241 MADRID
015 D010241 SPAIN
015 E040241 X
015 A000242 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
015 B000242 S
<PAGE> PAGE 20
015 C010242 COLOMBO
015 D010242 SRI LANKA
015 E040242 X
015 A000243 SKANDINAVISKA ENSKILDA BANKEN
015 B000243 S
015 C010243 STOCKHOLM
015 D010243 SWEDEN
015 E040243 X
015 A000244 SWISS BANK CORPORATION
015 B000244 S
015 C010244 ZURICH
015 D010244 SWITZERLAND
015 E040244 X
015 A000245 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000245 S
015 C010245 TAIPEI
015 D010245 TAIWAN (ROC)
015 E040245 X
015 A000246 BARCLAYS BANK PLC VIA BANGKOK BANK LIMITED
015 B000246 S
015 C010246 BANGKOK
015 D010246 THAILAND
015 E040246 X
015 A000247 BARCLAYS BANK PLC VIA YAPI VE KRED. BNK. A.S.
015 B000247 S
015 C010247 ISTANBUL
015 D010247 TURKEY
015 E040247 X
015 A000248 THE BANK OF NEW YORK
015 B000248 S
015 C010248 LONDON
015 D010248 UNITED KINGDOM
015 E040248 X
015 A000249 CITIBANK, N.A.
015 B000249 S
015 C010249 CARACAS
015 D010249 VENEZUELA
015 E040249 X
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<PAGE> PAGE 21
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<PAGE> PAGE 22
062 A000200 N
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066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
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070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
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070 F020200 N
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070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
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<PAGE> PAGE 23
070 K010200 N
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
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070 O020200 N
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070 Q020200 N
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070 R020200 N
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<PAGE> PAGE 24
072DD020200 0
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008 A000301 FRANKLIN ADVISERS, INC
008 B000301 A
008 C000301 801-26292
008 D010301 SAN MATEO
008 D020301 CA
008 D030301 94403
008 D040301 7777
015 A000301 BANK OF AMERICA, NT & SA
015 B000301 C
015 C010301 SAN FRANCISCO
015 C020301 CA
015 C030301 94104
<PAGE> PAGE 25
015 C040301 1502
015 E010301 X
015 A000302 CITIBANK, N.A.
015 B000302 S
015 C010302 BUENOS AIRES
015 D010302 ARGENTINA
015 E040302 X
015 A000303 NATIONAL AUSTRALIA BANK LTD.
015 B000303 S
015 C010303 MELBOURNE
015 D010303 AUSTRALIA
015 E040303 X
015 A000304 CREDITANSTALT-BANKVEREIN
015 B000304 S
015 C010304 VIENNA
015 D010304 AUSTRIA
015 E040304 X
015 A000305 STANDARD CHARTERED BANK
015 B000305 S
015 C010305 DHAKA
015 D010305 BANGLADESH
015 E040305 X
015 A000306 BANQUE BRUSSELS LAMBERT
015 B000306 S
015 C010306 BRUSSELS
015 D010306 BELGIUM
015 E040306 X
015 A000307 THE BANK OF N.T. BUTTERFIELD & SON LTD.
015 B000307 S
015 C010307 HAMILTON
015 D010307 BERMUDA
015 E040307 X
015 A000308 CITIBANK, N.A.
015 B000308 S
015 C010308 SAO PAULO
015 D010308 BRAZIL
015 E040308 X
015 A000309 THE CANADA TRUST COMPANY
015 B000309 S
015 C010309 TORONTO
015 D010309 CANADA
015 E040309 X
015 A000310 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000310 S
015 C010310 SHANGHAI
015 D010310 CHINA
015 E040310 X
015 A000311 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000311 S
015 C010311 SHENZHEN
015 D010311 CHINA
<PAGE> PAGE 26
015 E040311 X
015 A000312 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B000312 S
015 C010312 BOGOTA
015 D010312 COLOMBIA
015 E040312 X
015 A000313 UNIBANK
015 B000313 S
015 C010313 COPENHAGEN
015 D010313 DENMARK
015 E040313 X
015 A000314 KANSALLIS-OSAKE-PANKKI
015 B000314 S
015 C010314 HELSINKI
015 D010314 FINLAND
015 E040314 X
015 A000315 SOCIETE GENERALE
015 B000315 S
015 C010315 PARIS
015 D010315 FRANCE
015 E040315 X
015 A000316 BANK OF AMERICA FOREIGN DIVISION - FRANKFURT
015 B000316 S
015 C010316 FRANKFURT
015 D010316 GERMANY
015 E040316 X
015 A000317 BARCLAYS BANK PLC
015 B000317 S
015 C010317 ATHENS
015 D010317 GREECE
015 E040317 X
015 A000318 BARCLAYS BANK PLC
015 B000318 S
015 C010318 HONG KONG
015 D010318 HONG KONG
015 E040318 X
015 A000319 CITIBANK, N.A.
015 B000319 S
015 C010319 BUDAPEST
015 D010319 HUNGARY
015 E040319 X
015 A000320 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B000320 S
015 C010320 BOMBAY
015 D010320 INDIA
015 E040320 X
015 A000321 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000321 S
015 C010321 JAKARTA
015 D010321 INDONESIA
015 E040321 X
<PAGE> PAGE 27
015 A000322 BANK OF IRELAND
015 B000322 S
015 C010322 DUBLIN
015 D010322 IRELAND
015 E040322 X
015 A000323 BANK LEUMI LE-ISRAEL, B.M.
015 B000323 S
015 C010323 TEL AVIV
015 D010323 ISRAEL
015 E040323 X
015 A000324 CITIBANK, N.A.
015 B000324 S
015 C010324 MILAN
015 D010324 ITALY
015 E040324 X
015 A000325 BARCLAYS BANK PLC VIA BAR. TR & BNK CO. (JPN)
015 B000325 S
015 C010325 TOKYO
015 D010325 JAPAN
015 E040325 X
015 A000326 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000326 S
015 C010326 SEOUL
015 D010326 SOUTH KOREA
015 E040326 X
015 A000327 CEDEL S.A. (DEPOSITORY)
015 B000327 S
015 C010327 LUXEMBOURG CITY
015 D010327 LUXEMBOURG
015 E040327 X
015 A000328 BARCLAYS BANK PLC VIA UTD. MAL. BNK. CORP. BE
015 B000328 S
015 C010328 KUALA LUMPUR
015 D010328 MALAYSIA
015 E040328 X
015 A000329 BANCO NACIONAL DE MEXICO
015 B000329 S
015 C010329 MEXICO CITY
015 D010329 MEXICO
015 E040329 X
015 A000330 KAS-ASSOCIATIE N.V.
015 B000330 S
015 C010330 AMSTERDAM
015 D010330 NETHERLANDS
015 E040330 X
015 A000331 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B000331 S
015 C010331 WELLINGTON
015 D010331 NEW ZEALAND
015 E040331 X
015 A000332 CHRISTIANIA BANK OG KREDITKASSE
<PAGE> PAGE 28
015 B000332 S
015 C010332 BERGEN
015 D010332 NORWAY
015 E040332 X
015 A000333 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B000333 S
015 C010333 KARACHI
015 D010333 PAKISTAN
015 E040333 X
015 A000334 BANCO DE CREDITO DEL PERU
015 B000334 S
015 C010334 LIMA
015 D010334 PERU
015 E040334 X
015 A000335 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000335 S
015 C010335 MANILA
015 D010335 PHILIPPINES
015 E040335 X
015 A000336 CITIBANK, N.A.
015 B000336 S
015 C010336 WARSAW
015 D010336 POLAND
015 E040336 X
015 A000337 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B000337 S
015 C010337 LISBON
015 D010337 PORTUGAL
015 E040337 X
015 A000338 BARCLAYS BANK PLC
015 B000338 S
015 C010338 SINGAPORE
015 D010338 SINGAPORE
015 E040338 X
015 A000339 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000339 S
015 C010339 JOHANNESBURG
015 D010339 SOUTH AFRICA
015 E040339 X
015 A000340 BANCO DE SANTANDER
015 B000340 S
015 C010340 MADRID
015 D010340 SPAIN
015 E040340 X
015 A000341 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
015 B000341 S
015 C010341 COLOMBO
015 D010341 SRI LANKA
015 E040341 X
015 A000342 SKANDINAVISKA ENSKILDA BANKEN
015 B000342 S
<PAGE> PAGE 29
015 C010342 STOCKHOLM
015 D010342 SWEDEN
015 E040342 X
015 A000343 SWISS BANK CORPORATION
015 B000343 S
015 C010343 ZURICH
015 D010343 SWITZERLAND
015 E040343 X
015 A000344 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000344 S
015 C010344 TAIPEI
015 D010344 TAIWAN (ROC)
015 E040344 X
015 A000345 BARCLAYS BANK PLC VIA BANGKOK BANK LIMITED
015 B000345 S
015 C010345 BANGKOK
015 D010345 THAILAND
015 E040345 X
015 A000346 BARCLAYS BANK PLC VIA YAPI VE KRED. BNK. A.S.
015 B000346 S
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015 E040346 X
015 A000347 THE BANK OF NEW YORK
015 B000347 S
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015 E040347 X
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015 B000348 S
015 C010348 CARACAS
015 D010348 VENEZUELA
015 E040348 X
015 A000349 BERLINER HANDELS-UND FRANKFURTER BANK
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015 C010349 FRANKFURT
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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008 A000401 FRANKLIN ADVISERS, INC.
008 B000401 A
008 C000401 801-26292
008 D010401 SAN MATEO
008 D020401 CA
008 D030401 94403
008 D040401 7777
015 A000401 BANK OF AMERICA, NT & SA
015 B000401 C
015 C010401 SAN FRANCISCO
015 C020401 CA
015 C030401 94104
<PAGE> PAGE 34
015 C040401 1502
015 E010401 X
015 A000402 CITIBANK, N.A.
015 B000402 S
015 C010402 BUENOS AIRES
015 D010402 ARGENTINA
015 E040402 X
015 A000403 NATIONAL AUSTRALIA BANK LTD.
015 B000403 S
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015 E040403 X
015 A000404 CREDITANSTALT-BANKVEREIN
015 B000404 S
015 C010404 VIENNA
015 D010404 AUSTRIA
015 E040404 X
015 A000405 STANDARD CHARTERED BANK
015 B000405 S
015 C010405 DHAKA
015 D010405 BANGLADESH
015 E040405 X
015 A000406 BANQUE BRUSSELS LAMBERT
015 B000406 S
015 C010406 BRUSSELS
015 D010406 BELGIUM
015 E040406 X
015 A000407 THE BANK OF N.T. BUTTERFIELD & SON LTD.
015 B000407 S
015 C010407 HAMILTON
015 D010407 BERMUDA
015 E040407 X
015 A000408 CITIBANK, N.A.
015 B000408 S
015 C010408 SAO PAULO
015 D010408 BRAZIL
015 E040408 X
015 A000409 THE CANADA TRUST COMPANY
015 B000409 S
015 C010409 TORONTO
015 D010409 CANADA
015 E040409 X
015 A000410 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000410 S
015 C010410 SHENZHEN
015 D010410 CHINA
015 E040410 X
015 A000411 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000411 S
015 C010411 SHANGHAI
015 D010411 CHINA
<PAGE> PAGE 35
015 E040411 X
015 A000412 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B000412 S
015 C010412 BOGOTA
015 D010412 COLOMBIA
015 E040412 X
015 A000413 UNIBANK
015 B000413 S
015 C010413 COPENHAGEN
015 D010413 DENMARK
015 E040413 X
015 A000414 KANSALLIS-OSAKE-PANKKI
015 B000414 S
015 C010414 HELSINKI
015 D010414 FINLAND
015 E040414 X
015 A000415 SOCIETE GENERALE
015 B000415 S
015 C010415 PARIS
015 D010415 FRANCE
015 E040415 X
015 A000416 BANK OF AMERICA FOREIGN DIVISION - FRANKFURT
015 B000416 S
015 C010416 FRANKFURT
015 D010416 GERMANY
015 E040416 X
015 A000417 BERLINER HANDELS-UND FRANKFURTER BANK
015 B000417 S
015 C010417 FRANKFURT
015 D010417 GERMANY
015 E040417 X
015 A000418 BARCLAYS BANK PLC
015 B000418 S
015 C010418 ATHENS
015 D010418 GREECE
015 E040418 X
015 A000419 BARCLAYS BANK PLC
015 B000419 S
015 C010419 HONG KONG
015 D010419 HONG KONG
015 E040419 X
015 A000420 CITIBANK, N.A.
015 B000420 S
015 C010420 BUDAPEST
015 D010420 HUNGARY
015 E040420 X
015 A000421 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B000421 S
015 C010421 BOMBAY
015 D010421 INDIA
015 E040421 X
<PAGE> PAGE 36
015 A000422 THE HONGKONG & SHANGHAI BANKING CORP., LTD.
015 B000422 S
015 C010422 JAKARTA
015 D010422 INDONESIA
015 E040422 X
015 A000423 BANK OF IRELAND
015 B000423 S
015 C010423 DUBLIN
015 D010423 IRELAND
015 E040423 X
015 A000424 BANK LEUMI LE-ISRAEL, B.M.
015 B000424 S
015 C010424 TEL AVIV
015 D010424 ISRAEL
015 E040424 X
015 A000425 CITIBANK, N.A.
015 B000425 S
015 C010425 MILAN
015 D010425 ITALY
015 E040425 X
015 A000426 BARCLAYS BANK PLC VIA BAR. TR & BNK CO. (JPN)
015 B000426 S
015 C010426 TOKYO
015 D010426 JAPAN
015 E040426 X
015 A000427 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000427 S
015 C010427 SEOUL
015 D010427 SOUTH KOREA
015 E040427 X
015 A000428 CEDEL S.A. (DEPOSITORY)
015 B000428 S
015 C010428 LUXEMBOURG CITY
015 D010428 LUXEMBOURG
015 E040428 X
015 A000429 BARCLAYS BANK PLC VIA UTD. MAL. BNK. CORP. BE
015 B000429 S
015 C010429 KUALA LUMPUR
015 D010429 MALAYSIA
015 E040429 X
015 A000430 BANCO NACIONAL DE MEXICO
015 B000430 S
015 C010430 MEXICO CITY
015 D010430 MEXICO
015 E040430 X
015 A000431 KAS-ASSOCIATIE N.V.
015 B000431 S
015 C010431 AMSTERDAM
015 D010431 NETHERLANDS
015 E040431 X
015 A000432 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
<PAGE> PAGE 37
015 B000432 S
015 C010432 WELLINGTON
015 D010432 NEW ZEALAND
015 E040432 X
015 A000433 CHRISTIANIA BANK OG KREDITKASSE
015 B000433 S
015 C010433 BERGEN
015 D010433 NORWAY
015 E040433 X
015 A000434 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B000434 S
015 C010434 KARACHI
015 D010434 PAKISTAN
015 E040434 X
015 A000435 BANCO DE CREDITO DEL PERU
015 B000435 S
015 C010435 LIMA
015 D010435 PERU
015 E040435 X
015 A000436 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000436 S
015 C010436 MANILA
015 D010436 PHILIPPINES
015 E040436 X
015 A000437 CITIBANK, N.A.
015 B000437 S
015 C010437 WARSAW
015 D010437 POLAND
015 E040437 X
015 A000438 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B000438 S
015 C010438 LISBON
015 D010438 PORTUGAL
015 E040438 X
015 A000439 BARCLAYS BANK PLC
015 B000439 S
015 C010439 SINGAPORE
015 D010439 SINGAPORE
015 E040439 X
015 A000440 STANDARD BANK OF SOUTH AFRICA LTD.
015 B000440 S
015 C010440 JOHANNESBURG
015 D010440 SOUTH AFRICA
015 E040440 X
015 A000441 BANCO DE SANTANDER
015 B000441 S
015 C010441 MADRID
015 D010441 SPAIN
015 E040441 X
015 A000442 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
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<PAGE> PAGE 38
015 C010442 COLOMBO
015 D010442 SRI LANKA
015 E040442 X
015 A000443 SKANDINAVISKA ENSKILDA BANKEN
015 B000443 S
015 C010443 STOCKHOLM
015 D010443 SWEDEN
015 E040443 X
015 A000444 SWISS BANK CORPORATION
015 B000444 S
015 C010444 ZURICH
015 D010444 SWITZERLAND
015 E040444 X
015 A000445 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000445 S
015 C010445 TAIPEI
015 D010445 TAIWAN (ROC)
015 E040445 X
015 A000446 BARCLAYS BANK PLC VIA BANGKOK BANK LIMITED
015 B000446 S
015 C010446 BANGKOK
015 D010446 THAILAND
015 E040446 X
015 A000447 BARCLAYS BANK PLC VIA YAPI VE KRED. BNK. A.S.
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015 C010447 ISTANBUL
015 D010447 TURKEY
015 E040447 X
015 A000448 THE BANK OF NEW YORK
015 B000448 S
015 C010448 LONDON
015 D010448 UNITED KINGDOM
015 E040448 X
015 A000449 CITIBANK, N.A.
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015 C010449 CARACAS
015 D010449 VENEZUELA
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<PAGE> PAGE 39
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<PAGE> PAGE 40
062 A000400 N
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066 E000400 N
066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
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<PAGE> PAGE 41
070 K010400 Y
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070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 N
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070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
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<PAGE> PAGE 42
072DD020400 0
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008 A000501 FRANKLIN ADVISERS, INC.
008 B000501 A
008 C000501 801-26292
008 D010501 SAN MATEO
008 D020501 CA
008 D030501 94403
008 D040501 7777
015 A000501 BANK OF AMERICA, NT & SA
015 B000501 C
015 C010501 SAN FRANCISCO
015 C020501 CA
015 C030501 94104
<PAGE> PAGE 43
015 C040501 1502
015 E010501 X
015 A000502 CITIBANK, N.A.
015 B000502 S
015 C010502 BUENOS AIRES
015 D010502 ARGENTINA
015 E040502 X
015 A000503 NATIONAL AUSTRALIA BANK LTD.
015 B000503 S
015 C010503 MELBOURNE
015 D010503 AUSTRALIA
015 E040503 X
015 A000504 CREDITANSTALT-BANKVEREIN
015 B000504 S
015 C010504 VIENNA
015 D010504 AUSTRIA
015 E040504 X
015 A000505 STANDARD CHARTERED BANK
015 B000505 S
015 C010505 DHAKA
015 D010505 BANGLADESH
015 E040505 X
015 A000506 BANQUE BRUSSELS LAMBERT
015 B000506 S
015 C010506 BRUSSELS
015 D010506 BELGIUM
015 E040506 X
015 A000507 THE BANK OF N.T. BUTTERFIELD & SON LTD.
015 B000507 S
015 C010507 HAMILTON
015 D010507 BERMUDA
015 E040507 X
015 A000508 CITIBANK, N.A.
015 B000508 S
015 C010508 SAO PAULO
015 D010508 BRAZIL
015 E040508 X
015 A000509 THE CANADA TRUST COMPANY
015 B000509 S
015 C010509 TORONTO
015 D010509 CANADA
015 E040509 X
015 A000510 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000510 S
015 C010510 SHANGHAI
015 D010510 CHINA
015 E040510 X
015 A000511 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000511 S
015 C010511 SHENZHEN
015 D010511 CHINA
<PAGE> PAGE 44
015 E040511 X
015 A000512 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B000512 S
015 C010512 BOGOTA
015 D010512 COLOMBIA
015 E040512 X
015 A000513 UNIBANK
015 B000513 S
015 C010513 COPENHAGEN
015 D010513 DENMARK
015 E040513 X
015 A000514 KANSALLIS-OSAKE-PANKKI
015 B000514 S
015 C010514 HELSINKI
015 D010514 FINLAND
015 E040514 X
015 A000515 SOCIETE GENERALE
015 B000515 S
015 C010515 PARIS
015 D010515 FRANCE
015 E040515 X
015 A000516 BANK OF AMERICA FOREIGN DIVISION - FRANKFURT
015 B000516 S
015 C010516 FRANKFURT
015 D010516 GERMANY
015 E040516 X
015 A000517 BERLINER HANDELS-UND FRANKFURTER BANK
015 B000517 S
015 C010517 FRANKFURT
015 D010517 GERMANY
015 E040517 X
015 A000518 BARCLAYS BANK PLC
015 B000518 S
015 C010518 ATHENS
015 D010518 GREECE
015 E040518 X
015 A000519 BARCLAYS BANK PLC
015 B000519 S
015 C010519 HONG KONG
015 D010519 HONG KONG
015 E040519 X
015 A000520 CITIBANK, N.A.
015 B000520 S
015 C010520 BUDAPEST
015 D010520 HUNGARY
015 E040520 X
015 A000521 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B000521 S
015 C010521 BOMBAY
015 D010521 INDIA
015 E040521 X
<PAGE> PAGE 45
015 A000522 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000522 S
015 C010522 JAKARTA
015 D010522 INDONESIA
015 E040522 X
015 A000523 BANK OF IRELAND
015 B000523 S
015 C010523 DUBLIN
015 D010523 IRELAND
015 E040523 X
015 A000524 BANK LEUMI LE-ISRAEL, B.M.
015 B000524 S
015 C010524 TEL AVIV
015 D010524 ISRAEL
015 E040524 X
015 A000525 CITIBANK, N.A.
015 B000525 S
015 C010525 MILAN
015 D010525 ITALY
015 E040525 X
015 A000526 BARCLAYS BANK PLC VIA BAR. TR & BNK CO. (JPN)
015 B000526 S
015 C010526 TOKYO
015 D010526 JAPAN
015 E040526 X
015 A000527 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000527 S
015 C010527 SEOUL
015 D010527 SOUTH KOREA
015 E040527 X
015 A000528 CEDEL S.A. (DEPOSITORY)
015 B000528 S
015 C010528 LUXEMBOURG CITY
015 D010528 LUXEMBOURG
015 E040528 X
015 A000529 BARCLAYS BANK PLC VIA UTD. MAL. BNK. CORP. BE
015 B000529 S
015 C010529 KUALA LUMPUR
015 D010529 MALAYSIA
015 E040529 X
015 A000530 BANCO NACIONAL DE MEXICO
015 B000530 S
015 C010530 MEXICO CITY
015 D010530 MEXICO
015 E040530 X
015 A000531 KAS-ASSOCIATIE N.V.
015 B000531 S
015 C010531 AMSTERDAM
015 D010531 NETHERLANDS
015 E040531 X
015 A000532 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
<PAGE> PAGE 46
015 B000532 S
015 C010532 WELLINGTON
015 D010532 NEW ZEALAND
015 E040532 X
015 A000533 CHRISTIANIA BANK OG KREDITKASSE
015 B000533 S
015 C010533 BERGEN
015 D010533 NORWAY
015 E040533 X
015 A000534 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
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015 C010534 KARACHI
015 D010534 PAKISTAN
015 E040534 X
015 A000535 BANCO DE CREDITO DEL PERU
015 B000535 S
015 C010535 LIMA
015 D010535 PERU
015 E040535 X
015 A000536 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000536 S
015 C010536 MANILA
015 D010536 PHILIPPINES
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015 A000537 CITIBANK, N.A.
015 B000537 S
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015 B000538 S
015 C010538 LISBON
015 D010538 PORTUGAL
015 E040538 X
015 A000539 BARCLAYS BANK PLC
015 B000539 S
015 C010539 SINGAPORE
015 D010539 SINGAPORE
015 E040539 X
015 A000540 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000540 S
015 C010540 JOHANNESBURG
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015 A000541 BANCO DE SANTANDER
015 B000541 S
015 C010541 MADRID
015 D010541 SPAIN
015 E040541 X
015 A000542 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
015 B000542 S
<PAGE> PAGE 47
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015 D010542 SRI LANKA
015 E040542 X
015 A000543 SKANDINAVISKA ENSKILDA BANKEN
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015 C010543 STOCKHOLM
015 D010543 SWEDEN
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015 A000544 SWISS BANK CORPORATION
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015 A000545 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000545 S
015 C010545 TAIPEI
015 D010545 TAIWAN (ROC)
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015 A000546 BARCLAYS BANK PLC VIA BANGKOK BANK LIMITED
015 B000546 S
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015 D010546 THAILAND
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015 A000547 BARCLAYS BANK PLC VIA YAPI VE KRED. BNK. A.S.
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015 A000548 THE BANK OF NEW YORK
015 B000548 S
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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008 A000601 FRANKLIN ADVISERS, INC.
008 B000601 A
008 C000601 801-26292
008 D010601 SAN MATEO
008 D020601 CA
008 D030601 94403
008 D040601 7777
015 A000601 BANK OF AMERICA, NT & SA
015 B000601 C
015 C010601 SAN FRANCISCO
015 C020601 CA
015 C030601 94104
015 C040601 1502
015 E010601 X
<PAGE> PAGE 52
015 A000602 CITIBANK, N.A.
015 B000602 S
015 C010602 BUENOS AIRES
015 D010602 ARGENTINA
015 E040602 X
015 A000603 NATIONAL AUSTRALIA BANK LTD.
015 B000603 S
015 C010603 MELBOURNE
015 D010603 AUSTRALIA
015 E040603 X
015 A000604 CREDITANSTALT-BANKVEREIN
015 B000604 S
015 C010604 VIENNA
015 D010604 AUSTRIA
015 E040604 X
015 A000605 CITIBANK, N.A.
015 B000605 S
015 C010605 SAO PAULO
015 D010605 BRAZIL
015 E040605 X
015 A000606 STANDARD CHARTERED BANK
015 B000606 S
015 C010606 DHAKA
015 D010606 BANGLADESH
015 E040606 X
015 A000607 BANQUE BRUSSELS LAMBERT
015 B000607 S
015 C010607 BRUSSELS
015 D010607 BELGIUM
015 E040607 X
015 A000608 THE BANK OF N.T. BUTTERFIELD & SON LTD.
015 B000608 S
015 C010608 HAMILTON
015 D010608 BERMUDA
015 E040608 X
015 A000609 THE CANADA TRUST COMPANY
015 B000609 S
015 C010609 TORONTO
015 D010609 CANADA
015 E040609 X
015 A000610 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000610 S
015 C010610 SHANGHAI
015 D010610 CHINA
015 E040610 X
015 A000611 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FICU.
015 B000611 S
015 C010611 BOGOTA
015 D010611 COLOMBIA
015 E040611 X
015 A000612 UNIBANK
<PAGE> PAGE 53
015 B000612 S
015 C010612 COPENHAGEN
015 D010612 DENMARK
015 E040612 X
015 A000613 KANSALLIS-OSAKE-PANKKI
015 B000613 S
015 C010613 HELSINKI
015 D010613 FINLAND
015 E040613 X
015 A000614 SOCIETE GENERALE
015 B000614 S
015 C010614 PARIS
015 D010614 FRANCE
015 E040614 X
015 A000615 BERLINER HANDELS-UND FRANKFURTER BANK
015 B000615 S
015 C010615 FRANKFURT
015 D010615 GERMANY
015 E040615 X
015 A000616 BARCLAYS BANK PLC
015 B000616 S
015 C010616 ATHENS
015 D010616 GREECE
015 E040616 X
015 A000617 BARCLAYS BANK PLC
015 B000617 S
015 C010617 HONG KONG
015 D010617 HONG KONG
015 E040617 X
015 A000618 CITIBANK, N.A.
015 B000618 S
015 C010618 BUDAPEST
015 D010618 HUNGARY
015 E040618 X
015 A000619 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B000619 S
015 C010619 BOMBAY
015 D010619 INDIA
015 E040619 X
015 A000620 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000620 S
015 C010620 JAKARTA
015 D010620 INDONESIA
015 E040620 X
015 A000621 BANK OF IRELAND
015 B000621 S
015 C010621 DUBLIN
015 D010621 IRELAND
015 E040621 X
015 A000622 BANK LEUMI LE-ISRAEL, B.M.
015 B000622 S
<PAGE> PAGE 54
015 C010622 TEL AVIV
015 D010622 ISRAEL
015 E040622 X
015 A000623 CITIBANK, N.A.
015 B000623 S
015 C010623 MILAN
015 D010623 ITALY
015 E040623 X
015 A000624 BARCLAYS BANK PLC VIA BAR. TR & BNK CO. (JPN)
015 B000624 S
015 C010624 TOKYO
015 D010624 JAPAN
015 E040624 X
015 A000625 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000625 S
015 C010625 SEOUL
015 D010625 SOUTH KOREA
015 E040625 X
015 A000626 CEDEL S.A. (DEPOSITORY)
015 B000626 S
015 C010626 LUXEMBOURG CITY
015 D010626 LUXEMBOURG
015 E040626 X
015 A000627 BARCLAYS BANK PLC VIA UTD. MAL. BNK. CORP. BE
015 B000627 S
015 C010627 KUALA LUMPUR
015 D010627 MALAYSIA
015 E040627 X
015 A000628 BANCO NACIONAL DE MEXICO
015 B000628 S
015 C010628 MEXICO CITY
015 D010628 MEXICO
015 E040628 X
015 A000629 KAS-ASSOCIATIE N.V.
015 B000629 S
015 C010629 AMSTERDAM
015 D010629 NETHERLANDS
015 E040629 X
015 A000630 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B000630 S
015 C010630 WELLINGTON
015 D010630 NEW ZEALAND
015 E040630 X
015 A000631 CHRISTIANIA BANK OG KREDITKASSE
015 B000631 S
015 C010631 BERGEN
015 D010631 NORWAY
015 E040631 X
015 A000632 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B000632 S
015 C010632 KARACHI
<PAGE> PAGE 55
015 D010632 PAKISTAN
015 E040632 X
015 A000633 BANCO DE CREDITO DEL PERU
015 B000633 S
015 C010633 LIMA
015 D010633 PERU
015 E040633 X
015 A000634 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000634 S
015 C010634 MANILA
015 D010634 PHILIPPINES
015 E040634 X
015 A000635 CITIBANK, N.A.
015 B000635 S
015 C010635 WARSAW
015 D010635 POLAND
015 E040635 X
015 A000636 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B000636 S
015 C010636 LISBON
015 D010636 PORTUGAL
015 E040636 X
015 A000637 BARCLAYS BANK PLC
015 B000637 S
015 C010637 SINGAPORE
015 D010637 SINGAPORE
015 E040637 X
015 A000638 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000638 S
015 C010638 JOHANNESBURG
015 D010638 SOUTH AFRICA
015 E040638 X
015 A000639 BANCO DE SANTANDER
015 B000639 S
015 C010639 MADRID
015 D010639 SPAIN
015 E040639 X
015 A000640 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
015 B000640 S
015 C010640 COLOMBO
015 D010640 SRI LANKA
015 E040640 X
015 A000641 SKANDINAVISKA ENSKILDA BANKEN
015 B000641 S
015 C010641 STOCKHOLM
015 D010641 SWEDEN
015 E040641 X
015 A000642 SWISS BANK CORPORATION
015 B000642 S
015 C010642 ZURICH
015 D010642 SWITZERLAND
<PAGE> PAGE 56
015 E040642 X
015 A000643 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000643 S
015 C010643 TAIPEI
015 D010643 TAIWAN (ROC)
015 E040643 X
015 A000644 BARCLAYS BANK PLC VIA BANGKOK BANK LIMITED
015 B000644 S
015 C010644 BANGKOK
015 D010644 THAILAND
015 E040644 X
015 A000645 BARCLAYS BANK PLC VIA YAPI VE KRED. BNK. A.S.
015 B000645 S
015 C010645 ISTANBUL
015 D010645 TURKEY
015 E040645 X
015 A000646 THE BANK OF NEW YORK
015 B000646 S
015 C010646 LONDON
015 D010646 UNITED KINGDOM
015 E040646 X
015 A000647 CITIBANK, N.A.
015 B000647 S
015 C010647 CARACAS
015 D010647 VENEZUELA
015 E040647 X
015 A000648 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000648 S
015 C010648 SHENZHEN
015 D010648 CHINA
015 E040648 X
015 A000649 BANK OF AMERICA FOREIGN DIVISION - FRANKFURT
015 B000649 S
015 C010649 FRANKFURT
015 D010649 GERMANY
015 E040649 X
028 A010600 7276
028 A020600 0
028 A030600 0
028 A040600 3695
028 B010600 6037
028 B020600 0
028 B030600 0
028 B040600 3667
028 C010600 6678
028 C020600 0
028 C030600 0
028 C040600 3566
028 D010600 18121
028 D020600 0
028 D030600 0
<PAGE> PAGE 57
028 D040600 4287
028 E010600 5383
028 E020600 0
028 E030600 0
028 E040600 6173
028 F010600 4681
028 F020600 0
028 F030600 0
028 F040600 12061
028 G010600 48176
028 G020600 0
028 G030600 0
028 G040600 33449
028 H000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.000
048 A010600 100000
048 A020600 0.625
048 B010600 150000
048 B020600 0.500
048 C010600 9750000
048 C020600 0.450
048 D010600 2500000
048 D020600 0.440
048 E010600 2500000
048 E020600 0.420
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 15000000
048 K020600 0.400
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 N
055 A000600 N
055 B000600 N
056 000600 N
057 000600 N
062 A000600 Y
062 B000600 0.0
<PAGE> PAGE 58
062 C000600 0.0
062 D000600 2.3
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 93.2
062 Q000600 0.0
062 R000600 2.5
063 A000600 0
063 B000600 7.0
064 A000600 N
064 B000600 Y
065 000600 N
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 Y
070 M010600 Y
<PAGE> PAGE 59
070 M020600 Y
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 148105
071 B000600 62197
071 C000600 301151
071 D000600 21
072 A000600 12
072 B000600 32351
072 C000600 468
072 D000600 0
072 E000600 0
072 F000600 1700
072 G000600 0
072 H000600 0
072 I000600 0
072 J000600 33
072 K000600 15
072 L000600 24
072 M000600 3
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 10
072 S000600 2
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 11
072 X000600 1798
072 Y000600 0
072 Z000600 31021
072AA000600 4606
072BB000600 2835
072CC010600 22885
072CC020600 0
072DD010600 21306
072DD020600 0
072EE000600 0
073 A010600 0.9108
073 A020600 0.0000
073 B000600 0.0000
<PAGE> PAGE 60
073 C000600 0.0000
074 A000600 1
074 B000600 8124
074 C000600 0
074 D000600 336327
074 E000600 8404
074 F000600 840
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 7922
074 M000600 0
074 N000600 361618
074 O000600 0
074 P000600 159
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 555
074 S000600 0
074 T000600 360904
074 U010600 26421
074 U020600 0
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074 V020600 0.00
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074 X000600 3
074 Y000600 6180
075 A000600 0
075 B000600 322280
076 000600 0.00
008 A000701 FRANKLIN ADVISERS, INC.
008 B000701 A
008 C000701 801-26292
008 D010701 SAN MATEO
008 D020701 CA
008 D030701 94403
008 D040701 7777
008 A000702 TEMPLETON INVESTMENT COUNSEL, INC.
008 B000702 S
008 C000702 801-15125
008 D010702 FT. LAUDERDALE
008 D020702 FL
008 D030702 33394
008 D040702 3091
015 A000701 BANK OF AMERICA, NT & SA
015 B000701 C
015 C010701 SAN FRANCISCO
<PAGE> PAGE 61
015 C020701 CA
015 C030701 94104
015 C040701 1502
015 E010701 X
015 A000702 NATIONAL AUSTRALIA BANK LTD.
015 B000702 S
015 C010702 MELBOURNE
015 D010702 AUSTRALIA
015 E040702 X
015 A000703 CREDITANSTALT-BANKVEREIN
015 B000703 S
015 C010703 VIENNA
015 D010703 AUSTRIA
015 E040703 X
015 A000704 STANDARD CHARTERED BANK
015 B000704 S
015 C010704 DHAKA
015 D010704 BANGLADESH
015 E040704 X
015 A000705 BANQUE BRUSSELS LAMBERT
015 B000705 S
015 C010705 BRUSSELS
015 D010705 BELGIUM
015 E040705 X
015 A000706 THE BANK OF N.T. BUTTERFIELD & SON LTD.
015 B000706 S
015 C010706 HAMILTON
015 D010706 BERMUDA
015 E040706 X
015 A000707 THE CANADA TRUST COMPANY
015 B000707 S
015 C010707 TORONTO
015 D010707 CANADA
015 E040707 X
015 A000708 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000708 S
015 C010708 SHANGHAI
015 D010708 CHINA
015 E040708 X
015 A000709 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B000709 S
015 C010709 SANTAFE DE BOGOTA
015 D010709 COLOMBIA
015 E040709 X
015 A000710 UNIBANK
015 B000710 S
015 C010710 COPENHAGEN
015 D010710 DENMARK
015 E040710 X
015 A000711 MARITA BANK LTD.
015 B000711 S
<PAGE> PAGE 62
015 C010711 HELSINKI
015 D010711 FINLAND
015 E040711 X
015 A000712 SOCIETE GENERALE
015 B000712 S
015 C010712 PARIS
015 D010712 FRANCE
015 E040712 X
015 A000713 BERLINER HANDELS-UND FRANKFURTER BANK
015 B000713 S
015 C010713 FRANKFURT
015 D010713 GERMANY
015 E040713 X
015 A000714 BARCLAYS BANK PLC
015 B000714 S
015 C010714 ATHENS
015 D010714 GREECE
015 E040714 X
015 A000715 BARCLAYS BANK PLC
015 B000715 S
015 C010715 HONG KONG
015 D010715 HONG KONG
015 E040715 X
015 A000716 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B000716 S
015 C010716 BOMBAY
015 D010716 INDIA
015 E040716 X
015 A000717 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000717 S
015 C010717 JAKARTA
015 D010717 INDONESIA
015 E040717 X
015 A000718 BANK OF IRELAND
015 B000718 S
015 C010718 DUBLIN
015 D010718 IRELAND
015 E040718 X
015 A000719 CITIBANK, N.A.
015 B000719 S
015 C010719 MILAN
015 D010719 ITALY
015 E040719 X
015 A000720 BARCLAYS BANK PLC VIA BAR. TR & BNK CO. (JPN)
015 B000720 S
015 C010720 TOKYO
015 D010720 JAPAN
015 E040720 X
015 A000721 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000721 S
015 C010721 SEOUL
<PAGE> PAGE 63
015 D010721 SOUTH KOREA
015 E040721 X
015 A000722 CEDEL S.A. (DEPOSITORY)
015 B000722 S
015 C010722 LUXEMBOURG CITY
015 D010722 LUXEMBOURG
015 E040722 X
015 A000723 BARCLAYS BANK PLC VIA UTD. MAL. BNK. CORP. BE
015 B000723 S
015 C010723 KUALA LUMPUR
015 D010723 MALAYSIA
015 E040723 X
015 A000724 BANCO NACIONAL DE MEXICO
015 B000724 S
015 C010724 MEXICO CITY
015 D010724 MEXICO
015 E040724 X
015 A000725 KAS-ASSOCIATIE N.V.
015 B000725 S
015 C010725 AMSTERDAM
015 D010725 NETHERLANDS
015 E040725 X
015 A000726 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B000726 S
015 C010726 WELLINGTON
015 D010726 NEW ZEALAND
015 E040726 X
015 A000727 CHRISTIANIA BANK OG KREDITKASSE
015 B000727 S
015 C010727 BERGEN
015 D010727 NORWAY
015 E040727 X
015 A000728 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B000728 S
015 C010728 KARACHI
015 D010728 PAKISTAN
015 E040728 X
015 A000729 BANCO DE CREDITO DEL PERU
015 B000729 S
015 C010729 LIMA
015 D010729 PERU
015 E040729 X
015 A000730 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000730 S
015 C010730 MANILA
015 D010730 PHILIPPINES
015 E040730 X
015 A000731 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B000731 S
015 C010731 LISBON
015 D010731 PORTUGAL
<PAGE> PAGE 64
015 E040731 X
015 A000732 BARCLAYS BANK PLC
015 B000732 S
015 C010732 SINGAPORE
015 D010732 SINGAPORE
015 E040732 X
015 A000733 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000733 S
015 C010733 JOHANNESBURG
015 D010733 SOUTH AFRICA
015 E040733 X
015 A000734 BANCO DE SANTANDER
015 B000734 S
015 C010734 MADRID
015 D010734 SPAIN
015 E040734 X
015 A000735 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
015 B000735 S
015 C010735 COLOMBO
015 D010735 SRI LANKA
015 E040735 X
015 A000736 SKANDINAVISKA ENSKILDA BANKEN
015 B000736 S
015 C010736 STOCKHOLM
015 D010736 SWEDEN
015 E040736 X
015 A000737 SWISS BANK CORPORATION
015 B000737 S
015 C010737 ZURICH
015 D010737 SWITZERLAND
015 E040737 X
015 A000738 BARCLAYS BANK PLC VIA BANGKOK BANK LIMITED
015 B000738 S
015 C010738 BANGKOK
015 D010738 THAILAND
015 E040738 X
015 A000739 BARCLAYS BANK PLC VIA YAPI VE KRED. BNK. A.S.
015 B000739 S
015 C010739 ISTANBUL
015 D010739 TURKEY
015 E040739 X
015 A000740 THE BANK OF NEW YORK
015 B000740 S
015 C010740 LONDON
015 D010740 UNITED KINGDOM
015 E040740 X
015 A000741 CITIBANK, N.A.
015 B000741 S
015 C010741 WARSAW
015 D010741 POLAND
015 E040741 X
<PAGE> PAGE 65
015 A000742 CITIBANK, N.A.
015 B000742 S
015 C010742 CARACAS
015 D010742 VENEZUELA
015 E040742 X
015 A000743 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000743 S
015 C010743 TAIPEI
015 D010743 TAIWAN (ROC)
015 E040743 X
015 A000744 CITIBANK, N.A.
015 B000744 S
015 C010744 BUENOS AIRES
015 D010744 ARGENTINA
015 E040744 X
015 A000745 CITIBANK, N.A.
015 B000745 S
015 C010745 SAO PAULO
015 D010745 BRAZIL
015 E040745 X
015 A000746 CITIBANK BUDAPEST RT.
015 B000746 S
015 C010746 BUDAPEST
015 D010746 HUNGARY
015 E040746 X
015 A000747 BANK LEUMI LE-ISRAEL, B.M.
015 B000747 S
015 C010747 TEL AVIV
015 D010747 ISRAEL
015 E040747 X
015 A000748 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000748 S
015 C010748 SHENZHEN
015 D010748 CHINA
015 E040748 X
015 A000749 BANK OF AMERICA FOREIGN DIVISION - FRANKFURT
015 B000749 S
015 C010749 FRANKFURT
015 D010749 GERMANY
015 E040749 X
015 A000750 THE CHASE MANHATTAN BANK, N.A.
015 B000750 S
015 C010750 BUENOS AIRES
015 D010750 ARGENTINA
015 E040750 X
015 A000751 THE CHASE MANHATTAN BANK AUSTRALIA LTD.
015 B000751 S
015 C010751 SYDNEY
015 D010751 AUSTRALIA
015 E040751 X
015 A000752 GENERALE BANK
<PAGE> PAGE 66
015 B000752 S
015 C010752 BRUSSELS
015 D010752 BELGIUM
015 E040752 X
015 A000753 BARCLAYS BANK OF BOTSWANA LIMITED
015 B000753 S
015 C010753 GABORONE
015 D010753 BOTSWANA
015 E040753 X
015 A000754 BANCO CHASE MANHATTAN, S.A.
015 B000754 S
015 C010754 SAO PAULO
015 D010754 BRAZIL
015 E040754 X
015 A000755 ROYAL BANK OF CANADA
015 B000755 S
015 C010755 TORONTO
015 D010755 CANADA
015 E040755 X
015 A000756 THE CHASE MANHATTAN BANK, N.A.
015 B000756 S
015 C010756 SANTIAGO
015 D010756 CHILE
015 E040756 X
015 A000757 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000757 S
015 C010757 PRAGUE
015 D010757 CZECH REPUBLIC
015 E040757 X
015 A000758 DEN DANSKE BANK
015 B000758 S
015 C010758 COPENHAGEN
015 D010758 DENMARK
015 E040758 X
015 A000759 NATIONAL BANK OF EGYPT
015 B000759 S
015 C010759 CAIRO
015 D010759 EGYPT
015 E040759 X
015 A000760 BANQUE PARIBAS
015 B000760 S
015 C010760 PARIS
015 D010760 FRANCE
015 E040760 X
015 A000761 CHASE BANK, A.G.
015 B000761 S
015 C010761 FRANKFURT
015 D010761 GERMANY
015 E040761 X
015 A000762 BARCLAYS BANK OF GHANA LTD.
015 B000762 S
<PAGE> PAGE 67
015 C010762 ACCRA
015 D010762 GHANA
015 E040762 X
015 A000763 THE CHASE MANHATTAN BANK, N.A.
015 B000763 S
015 C010763 HONG KONG
015 D010763 HONG KONG
015 E040763 X
015 A000764 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000764 S
015 C010764 BOMBAY
015 D010764 INDIA
015 E040764 X
015 A000765 DEUTSCHE BANK, A.G., BOMBAY
015 B000765 S
015 C010765 BOMBAY
015 D010765 INDIA
015 E040765 X
015 A000766 THE CHASE MANHATTAN BANK, N.A.
015 B000766 S
015 C010766 MILAN
015 D010766 ITALY
015 E040766 X
015 A000767 THE CHASE MANHATTAN BANK, N.A.
015 B000767 S
015 C010767 TOKYO
015 D010767 JAPAN
015 E040767 X
015 A000768 ARAB BANK, PLC
015 B000768 S
015 C010768 AMMAN
015 D010768 JORDAN
015 E040768 X
015 A000769 THE CHASE MANHATTN BANK, (M) BERHAD
015 B000769 S
015 C010769 KUALA LUMPUR
015 D010769 MALAYSIA
015 E040769 X
015 A000770 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000770 S
015 C010770 PORT LOUIS
015 D010770 MAURITIUS
015 E040770 X
015 A000771 CHS. MAN. BNK. MEX. SA, INST. DE BANCA MULTI.
015 B000771 S
015 C010771 MEXICO CITY
015 D010771 MEXICO
015 E040771 X
015 A000772 BANQUE COMMERCIALE DU MAROC
015 B000772 S
015 C010772 CASABLANCA
<PAGE> PAGE 68
015 D010772 MOROCCO
015 E040772 X
015 A000773 ABN-AMRO BANK N.V.
015 B000773 S
015 C010773 AMSTERDAM
015 D010773 NETHERLANDS
015 E040773 X
015 A000774 NATIONAL NOMINEES LIMITED
015 B000774 S
015 C010774 AUCKLAND
015 D010774 NEW ZEALAND
015 E040774 X
015 A000775 DEN NORSKE BANK
015 B000775 S
015 C010775 OSLO
015 D010775 NORWAY
015 E040775 X
015 A000776 CITIBANK, N.A.
015 B000776 S
015 C010776 KARACHI
015 D010776 PAKISTAN
015 E040776 X
015 A000777 DEUTSCHE BANK, A.G., KARACHI
015 B000777 S
015 C010777 KARACHI
015 D010777 PAKISTAN
015 E040777 X
015 A000778 CITIBANK, N.A.
015 B000778 S
015 C010778 LIMA
015 D010778 PERU
015 E040778 X
015 A000779 BANK HANDLOWY W. WARZAWIE, S.A.
015 B000779 S
015 C010779 WARSAW
015 D010779 POLAND
015 E040779 X
015 A000780 THE CHASE MANHATTAN BANK, N.A.
015 B000780 S
015 C010780 SINGAPORE
015 D010780 SINGAPORE
015 E040780 X
015 A000781 THE CHASE MANHATTAN BANK, N.A.
015 B000781 S
015 C010781 MADRID
015 D010781 SPAIN
015 E040781 X
015 A000782 BANQUE BRUXELLES LAMBERT
015 B000782 S
015 C010782 MADRID
015 D010782 SPAIN
<PAGE> PAGE 69
015 E040782 X
015 A000783 UNION BANK OF SWITZERLAND
015 B000783 S
015 C010783 ZURICH
015 D010783 SWITZERLAND
015 E040783 X
015 A000784 THE CHASE MANHATTAN BANK, N.A.
015 B000784 S
015 C010784 TAIPEI
015 D010784 TAIWAN (ROC)
015 E040784 X
015 A000785 THE CHASE MANHATTAN BANK, N.A.
015 B000785 S
015 C010785 BANGKOK
015 D010785 THAILAND
015 E040785 X
015 A000786 THE CHASE MANHATTAN BANK, N.A.
015 B000786 S
015 C010786 LONDON
015 D010786 UNITED KINGDOM
015 E040786 X
015 A000787 FIRST NATIONAL BANK OF CHICAGO
015 B000787 S
015 C010787 LONDON
015 D010787 UNITED KINGDOM
015 E040787 X
015 A000788 CHS. MAN. BNK. NA TAKAS VE SAK. AS (TVS)(DEP)
015 B000788 S
015 C010788 ISTANBUL
015 D010788 TURKEY
015 E040788 X
015 A000789 THE FIRST NATIONAL BANK OF BOSTON
015 B000789 S
015 C010789 MONTEVIDEO
015 D010789 URUGUAY
015 E040789 X
015 A000790 BARCLAYS BANK PLC
015 B000790 S
015 C010790 HARARE
015 D010790 ZIMBABWE
015 E040790 X
015 A000791 THE CHASE MANHATTAN BANK, N.A.
015 B000791 C
015 C010791 NEW YORK
015 C020791 NY
015 C030791 10081
015 E010791 X
015 A000792 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
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015 C010792 BOGOTA
015 D010792 COLOMBIA
<PAGE> PAGE 70
015 E040792 X
015 A000793 CITIBANK, N.A.
015 B000793 S
015 C010793 BUDAPEST
015 D010793 HUNGARY
015 E040793 X
015 A000794 DELETE
015 A000795 BARCLAYS BANK OF KENYA LTD.
015 B000795 S
015 C010795 NAIROBI
015 D010795 KENYA
015 E040795 X
015 A000796 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000796 S
015 C010796 BRATISLAVA
015 D010796 SLOVAKIA
015 E040796 X
015 A000797 BARCLAYS BANK OF ZAMBIA LTD.
015 B000797 S
015 C010797 LUSAKA
015 D010797 ZAMBIA
015 E040797 X
015 A000798 AUSTRACLEAR NEW ZEALAND (DEPOSITORY)
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015 C010798 WELLINGTON
015 D010798 NEW ZEALAND
015 E040798 X
028 A010700 1310
028 A020700 0
028 A030700 0
028 A040700 4151
028 B010700 1234
028 B020700 0
028 B030700 0
028 B040700 5790
028 C010700 3260
028 C020700 0
028 C030700 0
028 C040700 2610
028 D010700 1327
028 D020700 0
028 D030700 0
028 D040700 7090
028 E010700 922
028 E020700 0
028 E030700 0
028 E040700 5870
028 F010700 1213
028 F020700 0
028 F030700 0
028 F040700 4782
<PAGE> PAGE 71
028 G010700 9266
028 G020700 0
028 G030700 0
028 G040700 30293
028 H000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.000
048 A010700 100000
048 A020700 0.625
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048 B020700 0.500
048 C010700 9750000
048 C020700 0.450
048 D010700 2500000
048 D020700 0.440
048 E010700 2500000
048 E020700 0.420
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048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 15000000
048 K020700 0.400
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 N
055 A000700 Y
055 B000700 N
056 000700 N
057 000700 N
062 A000700 Y
062 B000700 0.0
062 C000700 0.0
062 D000700 0.9
062 E000700 0.0
062 F000700 0.0
062 G000700 0.6
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
<PAGE> PAGE 72
062 L000700 1.1
062 M000700 21.0
062 N000700 0.0
062 O000700 0.0
062 P000700 24.2
062 Q000700 48.9
062 R000700 0.0
063 A000700 0
063 B000700 6.7
064 A000700 N
064 B000700 N
066 A000700 N
067 000700 N
068 A000700 N
068 B000700 Y
069 000700 N
070 A010700 Y
070 A020700 Y
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 Y
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 N
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 Y
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 Y
070 Q020700 N
070 R010700 Y
<PAGE> PAGE 73
070 R020700 Y
071 A000700 364294
071 B000700 337228
071 C000700 220562
071 D000700 153
072 A000700 12
072 B000700 19849
072 C000700 416
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072 L000700 11
072 M000700 2
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072 P000700 0
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072 S000700 1
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072 X000700 1578
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072AA000700 0
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072DD020700 0
072EE000700 0
073 A010700 0.4885
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 0
074 B000700 2285
074 C000700 4134
074 D000700 228999
074 E000700 0
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<PAGE> PAGE 74
074 J000700 0
074 K000700 0
074 L000700 93
074 M000700 8152
074 N000700 243665
074 O000700 0
074 P000700 111
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074 R010700 0
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074 R030700 0
074 R040700 360
074 S000700 0
074 T000700 243194
074 U010700 18071
074 U020700 0
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074 V020700 0.00
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074 X000700 3
074 Y000700 0
075 A000700 0
075 B000700 246332
076 000700 0.00
008 A000801 FRANKLIN ADVISERS, INC.
008 B000801 A
008 C000801 801-26292
008 D010801 SAN MATEO
008 D020801 CA
008 D030801 94403
008 D040801 7777
015 A000801 BANK OF AMERICA, NT & SA
015 B000801 C
015 C010801 SAN FRANCISCO
015 C020801 CA
015 C030801 94104
015 C040801 1502
015 E010801 X
015 A000802 CITIBANK, N.A.
015 B000802 S
015 C010802 BUENOS AIRES
015 D010802 ARGENTINA
015 E040802 X
015 A000803 NATIONAL AUSTRALIA BANK LTD.
015 B000803 S
015 C010803 MELBOURNE
015 D010803 AUSTRALIA
015 E040803 X
015 A000804 CREDITANSTALT-BANKVEREIN
015 B000804 S
015 C010804 VIENNA
<PAGE> PAGE 75
015 D010804 AUSTRIA
015 E040804 X
015 A000805 STANDARD CHARTERED BANK
015 B000805 S
015 C010805 DHAKA
015 D010805 BANGLADESH
015 E040805 X
015 A000806 BANQUE BRUSSELS LAMBERT
015 B000806 S
015 C010806 BRUSSELS
015 D010806 BELGIUM
015 E040806 X
015 A000807 THE BANK OF N.T. BUTTERFIELD & SON LTD.
015 B000807 S
015 C010807 HAMILTON
015 D010807 BERMUDA
015 E040807 X
015 A000808 CITIBANK, N.A.
015 B000808 S
015 C010808 SAO PAULO
015 D010808 BRAZIL
015 E040808 X
015 A000809 THE CANADA TRUST COMPANY
015 B000809 S
015 C010809 TORONTO
015 D010809 CANADA
015 E040809 X
015 A000810 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000810 S
015 C010810 SHANGHAI
015 D010810 CHINA
015 E040810 X
015 A000811 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000811 S
015 C010811 SHENZHEN
015 D010811 CHINA
015 E040811 X
015 A000812 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B000812 S
015 C010812 BOGOTA
015 D010812 COLOMBIA
015 E040812 X
015 A000813 UNIBANK
015 B000813 S
015 C010813 COPENHAGEN
015 D010813 DENMARK
015 E040813 X
015 A000814 KANSALLIS-OSAKE-PANKKI
015 B000814 S
015 C010814 HELSINKI
015 D010814 FINLAND
<PAGE> PAGE 76
015 E040814 X
015 A000815 SOCIETE GENERALE
015 B000815 S
015 C010815 PARIS
015 D010815 FRANCE
015 E040815 X
015 A000816 BANK OF AMERICA FOREIGN DIVISION - FRANKFURT
015 B000816 S
015 C010816 FRANKFURT
015 D010816 GERMANY
015 E040816 X
015 A000817 BARCLAYS BANK PLC
015 B000817 S
015 C010817 ATHENS
015 D010817 GREECE
015 E040817 X
015 A000818 BARCLAYS BANK PLC
015 B000818 S
015 C010818 HONG KONG
015 D010818 HONG KONG
015 E040818 X
015 A000819 CITIBANK, N.A.
015 B000819 S
015 C010819 BUDAPEST
015 D010819 HUNGARY
015 E040819 X
015 A000820 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B000820 S
015 C010820 BOMBAY
015 D010820 INDIA
015 E040820 X
015 A000821 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000821 S
015 C010821 JAKARTA
015 D010821 INDONESIA
015 E040821 X
015 A000822 BANK OF IRELAND
015 B000822 S
015 C010822 DUBLIN
015 D010822 IRELAND
015 E040822 X
015 A000823 BANK LEUMI LE-ISRAEL, B.M.
015 B000823 S
015 C010823 TEL AVIV
015 D010823 ISRAEL
015 E040823 X
015 A000824 CITIBANK, N.A.
015 B000824 S
015 C010824 MILAN
015 D010824 ITALY
015 E040824 X
<PAGE> PAGE 77
015 A000825 BARCLAYS BANK PLC VIA BAR. TR & BNK CO. (JPN)
015 B000825 S
015 C010825 TOKYO
015 D010825 JAPAN
015 E040825 X
015 A000826 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000826 S
015 C010826 SEOUL
015 D010826 SOUTH KOREA
015 E040826 X
015 A000827 CEDEL S.A. (DEPOSITORY)
015 B000827 S
015 C010827 LUXEMBOURG CITY
015 D010827 LUXEMBOURG
015 E040827 X
015 A000828 BARCLAYS BANK PLC VIA UTD. MAL. BNK. CORP. BE
015 B000828 S
015 C010828 KUALA LUMPUR
015 D010828 MALAYSIA
015 E040828 X
015 A000829 BANCO NACIONAL DE MEXICO
015 B000829 S
015 C010829 MEXICO CITY
015 D010829 MEXICO
015 E040829 X
015 A000830 KAS-ASSOCIATIE N.V.
015 B000830 S
015 C010830 AMSTERDAM
015 D010830 NETHERLANDS
015 E040830 X
015 A000831 ANZ BANKING GROUP(NEW ZEALAND) LIMITED
015 B000831 S
015 C010831 WELLINGTON
015 D010831 NEW ZEALAND
015 E040831 X
015 A000832 CHRISTIANIA BANK OG KREDITKASSE
015 B000832 S
015 C010832 BERGEN
015 D010832 NORWAY
015 E040832 X
015 A000833 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B000833 S
015 C010833 KARACHI
015 D010833 PAKISTAN
015 E040833 X
015 A000834 BANCO DE CREDITO DEL PERU
015 B000834 S
015 C010834 LIMA
015 D010834 PERU
015 E040834 X
015 A000835 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
<PAGE> PAGE 78
015 B000835 S
015 C010835 MANILA
015 D010835 PHILIPPINES
015 E040835 X
015 A000836 CITIBANK, N.A.
015 B000836 S
015 C010836 WARSAW
015 D010836 POLAND
015 E040836 X
015 A000837 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B000837 S
015 C010837 LISBON
015 D010837 PORTUGAL
015 E040837 X
015 A000838 BARCLAYS BANK PLC
015 B000838 S
015 C010838 SINGAPORE
015 D010838 SINGAPORE
015 E040838 X
015 A000839 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000839 S
015 C010839 JOHANNESBURG
015 D010839 SOUTH AFRICA
015 E040839 X
015 A000840 BANCO DE SANTANDER
015 B000840 S
015 C010840 MADRID
015 D010840 SPAIN
015 E040840 X
015 A000841 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
015 B000841 S
015 C010841 COLOMBO
015 D010841 SRI LANKA
015 E040841 X
015 A000842 SKANDINAVISKA ENSKILDA BANKEN
015 B000842 S
015 C010842 STOCKHOLM
015 D010842 SWEDEN
015 E040842 X
015 A000843 SWISS BANK CORPORATION
015 B000843 S
015 C010843 ZURICH
015 D010843 SWITZERLAND
015 E040843 X
015 A000844 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000844 S
015 C010844 TAIPEI
015 D010844 TAIWAN (ROC)
015 E040844 X
015 A000845 BARCLAYS BANK PLC VIA BANGKOK BANK LIMITED
015 B000845 S
<PAGE> PAGE 79
015 C010845 BANGKOK
015 D010845 THAILAND
015 E040845 X
015 A000846 BARCLAYS BANK PLC VIA YAPI VE KRED. BNK. A.S.
015 B000846 S
015 C010846 ISTANBUL
015 D010846 TURKEY
015 E040846 X
015 A000847 THE BANK OF NEW YORK
015 B000847 S
015 C010847 LONDON
015 D010847 UNITED KINGDOM
015 E040847 X
015 A000848 CITIBANK, N.A.
015 B000848 S
015 C010848 CARACAS
015 D010848 VENEZUELA
015 E040848 X
015 A000849 BERLINER HANDELS-UND FRANKFURTER BANK
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015 C010849 FRANKFURT
015 D010849 GERMANY
015 E040849 X
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028 G040800 12877
<PAGE> PAGE 80
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048 J020800 0.000
048 K010800 15000000
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050 000800 N
051 000800 N
052 000800 N
053 A000800 N
055 A000800 Y
055 B000800 N
056 000800 N
057 000800 N
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062 B000800 17.3
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<PAGE> PAGE 81
062 P000800 20.7
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063 B000800 4.1
064 A000800 N
064 B000800 N
066 A000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 Y
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070 C020800 N
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070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 N
070 M010800 Y
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 67264
071 B000800 40110
071 C000800 116927
<PAGE> PAGE 82
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<PAGE> PAGE 83
074 N000800 166105
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075 A000800 0
075 B000800 161659
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008 A000901 FRANKLIN ADVISERS, INC
008 B000901 A
008 C000901 801-26292
008 D010901 SAN MATEO
008 D020901 CA
008 D030901 94403
008 D040901 7777
015 A000901 BANK OF AMERICA, NT & SA
015 B000901 C
015 C010901 SAN FRANCISCO
015 C020901 CA
015 C030901 94104
015 C040901 1502
015 E010901 X
015 A000902 CITIBANK, N.A.
015 B000902 S
015 C010902 BUENOS AIRES
015 D010902 ARGENTINA
015 E040902 X
015 A000903 CREDITANSTALT-BANKVEREIN
015 B000903 S
015 C010903 VIENNA
015 D010903 AUSTRIA
015 E040903 X
015 A000904 NATIONAL AUSTRALIA BANK LTD.
015 B000904 S
015 C010904 MELBOURNE
015 D010904 AUSTRALIA
015 E040904 X
015 A000905 STANDARD CHARTERED BANK
015 B000905 S
<PAGE> PAGE 84
015 C010905 DHAKA
015 D010905 BANGLADESH
015 E040905 X
015 A000906 BANQUE BRUSSELS LAMBERT
015 B000906 S
015 C010906 BRUSSELS
015 D010906 BELGIUM
015 E040906 X
015 A000907 THE BANK OF N.T. BUTTERFIELD & SON LTD.
015 B000907 S
015 C010907 HAMILTON
015 D010907 BERMUDA
015 E040907 X
015 A000908 CITIBANK, N.A.
015 B000908 S
015 C010908 SAO PAULO
015 D010908 BRAZIL
015 E040908 X
015 A000909 THE CANADA TRUST COMPANY
015 B000909 S
015 C010909 TORONTO
015 D010909 CANADA
015 E040909 X
015 A000910 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000910 S
015 C010910 SHANGHAI
015 D010910 CHINA
015 E040910 X
015 A000911 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000911 S
015 C010911 SHENZHEN
015 D010911 CHINA
015 E040911 X
015 A000912 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B000912 S
015 C010912 BOGOTA
015 D010912 COLOMBIA
015 E040912 X
015 A000913 UNIBANK
015 B000913 S
015 C010913 COPENHAGEN
015 D010913 DENMARK
015 E040913 X
015 A000914 KANSALLIS-OSAKE-PANKKI
015 B000914 S
015 C010914 HELSINKI
015 D010914 FINLAND
015 E040914 X
015 A000915 SOCIETE GENERALE
015 B000915 S
015 C010915 PARIS
<PAGE> PAGE 85
015 D010915 FRANCE
015 E040915 X
015 A000916 BERLINER HANDELS-UND FRANKFURTER BANK
015 B000916 S
015 C010916 FRANKFURT
015 D010916 GERMANY
015 E040916 X
015 A000917 BARCLAYS BANK PLC
015 B000917 S
015 C010917 ATHENS
015 D010917 GREECE
015 E040917 X
015 A000918 BARCLAYS BANK PLC
015 B000918 S
015 C010918 HONG KONG
015 D010918 HONG KONG
015 E040918 X
015 A000919 CITIBANK, N.A.
015 B000919 S
015 C010919 BUDAPEST
015 D010919 HUNGARY
015 E040919 X
015 A000920 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B000920 S
015 C010920 BOMBAY
015 D010920 INDIA
015 E040920 X
015 A000921 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000921 S
015 C010921 JAKARTA
015 D010921 INDONESIA
015 E040921 X
015 A000922 BANK OF IRELAND
015 B000922 S
015 C010922 DUBLIN
015 D010922 IRELAND
015 E040922 X
015 A000923 BANK LEUMI LE-ISRAEL, B.M.
015 B000923 S
015 C010923 TEL AVIV
015 D010923 ISRAEL
015 E040923 X
015 A000924 CITIBANK, N.A.
015 B000924 S
015 C010924 MILAN
015 D010924 ITALY
015 E040924 X
015 A000925 BARCLAYS BANK PLC VIA BAR. TR & BNK CO. (JPN)
015 B000925 S
015 C010925 TOKYO
015 D010925 JAPAN
<PAGE> PAGE 86
015 E040925 X
015 A000926 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000926 S
015 C010926 SEOUL
015 D010926 SOUTH KOREA
015 E040926 X
015 A000927 CEDEL S.A. (DEPOSITORY)
015 B000927 S
015 C010927 LUXEMBOURG CITY
015 D010927 LUXEMBOURG
015 E040927 X
015 A000928 BARCLAYS BANK PLC VIA UTD. MAL. BNK. CORP. BE
015 B000928 S
015 C010928 KUALA LUMPUR
015 D010928 MALAYSIA
015 E040928 X
015 A000929 BANCO NACIONAL DE MEXICO
015 B000929 S
015 C010929 MEXICO CITY
015 D010929 MEXICO
015 E040929 X
015 A000930 KAS-ASSOCIATIE N.V.
015 B000930 S
015 C010930 AMSTERDAM
015 D010930 NETHERLANDS
015 E040930 X
015 A000931 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B000931 S
015 C010931 WELLINGTON
015 D010931 NEW ZEALAND
015 E040931 X
015 A000932 CHRISTIANIA BANK OG KREDITKASSE
015 B000932 S
015 C010932 BERGEN
015 D010932 NORWAY
015 E040932 X
015 A000933 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B000933 S
015 C010933 KARACHI
015 D010933 PAKISTAN
015 E040933 X
015 A000934 BANCO DE CREDITO DEL PERU
015 B000934 S
015 C010934 LIMA
015 D010934 PERU
015 E040934 X
015 A000935 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000935 S
015 C010935 MANILA
015 D010935 PHILIPPINES
015 E040935 X
<PAGE> PAGE 87
015 A000936 CITIBANK, N.A.
015 B000936 S
015 C010936 WARSAW
015 D010936 POLAND
015 E040936 X
015 A000937 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B000937 S
015 C010937 LISBON
015 D010937 PORTUGAL
015 E040937 X
015 A000938 BARCLAYS BANK PLC
015 B000938 S
015 C010938 SINGAPORE
015 D010938 SINGAPORE
015 E040938 X
015 A000939 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000939 S
015 C010939 JOHANNESBURG
015 D010939 SOUTH AFRICA
015 E040939 X
015 A000940 BANCO DE SANTANDER
015 B000940 S
015 C010940 MADRID
015 D010940 SPAIN
015 E040940 X
015 A000941 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
015 B000941 S
015 C010941 COLOMBO
015 D010941 SRI LANKA
015 E040941 X
015 A000942 SKANDINAVISKA ENSKILDA BANKEN
015 B000942 S
015 C010942 STOCKHOLM
015 D010942 SWEDEN
015 E040942 X
015 A000943 SWISS BANK CORPORATION
015 B000943 S
015 C010943 ZURICH
015 D010943 SWITZERLAND
015 E040943 X
015 A000944 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B000944 S
015 C010944 TAIPEI
015 D010944 TAIWAN (ROC)
015 E040944 X
015 A000945 BARCKLAYS BANK PLC VIA BANGKOK BANK LIMITED
015 B000945 S
015 C010945 BANGKOK
015 D010945 THAILAND
015 E040945 X
015 A000946 BARCLAYS BANK PLC VIA YAPI VE KRED. BNK. A.S.
<PAGE> PAGE 88
015 B000946 S
015 C010946 ISTANBUL
015 D010946 TURKEY
015 E040946 X
015 A000947 THE BANK OF NEW YORK
015 B000947 S
015 C010947 LONDON
015 D010947 UNITED KINGDOM
015 E040947 X
015 A000948 CITIBANK, N.A.
015 B000948 S
015 C010948 CARACAS
015 D010948 VENEZUELA
015 E040948 X
015 A000949 BANK OF AMERICA FOREIGN DIVISION - FRANKFURT
015 B000949 S
015 C010949 FRANKFURT
015 D010949 GERMANY
015 E040949 X
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<PAGE> PAGE 89
048 000900 0.000
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048 B010900 150000
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048 J020900 0.000
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050 000900 N
051 000900 N
052 000900 N
053 A000900 N
055 A000900 N
055 B000900 N
056 000900 N
057 000900 N
062 A000900 Y
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<PAGE> PAGE 90
063 B000900 7.8
064 A000900 N
064 B000900 Y
065 000900 N
066 A000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 Y
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 Y
070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 Y
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 Y
070 P020900 Y
070 Q010900 N
070 Q020900 N
070 R010900 Y
070 R020900 N
071 A000900 411381
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071 C000900 968170
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<PAGE> PAGE 91
072 C000900 24850
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<PAGE> PAGE 92
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008 A001001 FRANKLIN ADVISERS, INC.
008 B001001 A
008 C001001 801-26292
008 D011001 SAN MATEO
008 D021001 CA
008 D031001 94403
008 D041001 7777
015 A001001 BANK OF AMERICA, NT & SA
015 B001001 C
015 C011001 SAN FRANCISCO
015 C021001 CA
015 C031001 94104
015 C041001 1502
015 E011001 X
015 A001002 CITIBANK, N.A.
015 B001002 S
015 C011002 BUENOS AIRES
015 D011002 ARGENTINA
015 E041002 X
015 A001003 NATIONAL AUSTRALIA BANK LTD.
015 B001003 S
015 C011003 MELBOURNE
015 D011003 AUSTRALIA
015 E041003 X
015 A001004 CREDITANSTALT-BANKVEREIN
015 B001004 S
015 C011004 VIENNA
015 D011004 AUSTRIA
015 E041004 X
015 A001005 STANDARD CHARTERED BANK
015 B001005 S
015 C011005 DHAKA
015 D011005 BANGLADESH
015 E041005 X
<PAGE> PAGE 93
015 A001006 BANQUE BRUSSELS LAMBERT
015 B001006 S
015 C011006 BRUSSELS
015 D011006 BELGIUM
015 E041006 X
015 A001007 THE BANK OF N.T. BUTTERFIELD & SON LTD.
015 B001007 S
015 C011007 HAMILTON
015 D011007 BERMUDA
015 E041007 X
015 A001008 CITIBANK, N.A.
015 B001008 S
015 C011008 SAO PAULO
015 D011008 BRAZIL
015 E041008 X
015 A001009 THE CANADA TRUST COMPANY
015 B001009 S
015 C011009 TORONTO
015 D011009 CANADA
015 E041009 X
015 A001010 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001010 S
015 C011010 SHENZHEN
015 D011010 CHINA
015 E041010 X
015 A001011 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001011 S
015 C011011 SHANGHAI
015 D011011 CHINA
015 E041011 X
015 A001012 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B001012 S
015 C011012 BOGOTA
015 D011012 COLOMBIA
015 E041012 X
015 A001013 UNIBANK
015 B001013 S
015 C011013 COPENHAGEN
015 D011013 DENMARK
015 E041013 X
015 A001014 KANSALLIS-OSAKE-PANKKI
015 B001014 S
015 C011014 HELSINKI
015 D011014 FINLAND
015 E041014 X
015 A001015 SOCIETE GENERALE
015 B001015 S
015 C011015 PARIS
015 D011015 FRANCE
015 E041015 X
015 A001016 BANK OF AMERICA FOREIGN DIVISION - FRANKFURT
<PAGE> PAGE 94
015 B001016 S
015 C011016 FRANKFURT
015 D011016 GERMANY
015 E041016 X
015 A001017 BERLINER HANDLES-UND FRANKFURTER BANK
015 B001017 S
015 C011017 FRANKFURT
015 D011017 GERMANY
015 E041017 X
015 A001018 BARCLAYS BANK PLC
015 B001018 S
015 C011018 ATHENS
015 D011018 GREECE
015 E041018 X
015 A001019 BARCLAYS BANK PLC
015 B001019 S
015 C011019 HONG KONG
015 D011019 HONG KONG
015 E041019 X
015 A001020 CITIBANK, N.A.
015 B001020 S
015 C011020 BUDAPEST
015 D011020 HUNGARY
015 E041020 X
015 A001021 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B001021 S
015 C011021 BOMBAY
015 D011021 INDIA
015 E041021 X
015 A001022 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001022 S
015 C011022 JAKARTA
015 D011022 INDONESIA
015 E041022 X
015 A001023 BANK OF IRELAND
015 B001023 S
015 C011023 DUBLIN
015 D011023 IRELAND
015 E041023 X
015 A001024 BANK LEUMI LE-ISRAEL, B.M.
015 B001024 S
015 C011024 TEL AVIV
015 D011024 ISRAEL
015 E041024 X
015 A001025 CITIBANK, N.A.
015 B001025 S
015 C011025 MILAN
015 D011025 ITALY
015 E041025 X
015 A001026 BARCLAYS BANK PLC VIA BAR. TR & BNK CO. (JPN)
015 B001026 S
<PAGE> PAGE 95
015 C011026 TOKYO
015 D011026 JAPAN
015 E041026 X
015 A001027 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001027 S
015 C011027 SEOUL
015 D011027 SOUTH KOREA
015 E041027 X
015 A001028 CEDEL S.A. (DEPOSITORY)
015 B001028 S
015 C011028 LUXEMBOURG CITY
015 D011028 LUXEMBOURG
015 E041028 X
015 A001029 BARCLAYS BANK PLC VIA UTD. MAL. BNK. CORP. BE
015 B001029 S
015 C011029 KUALA LUMPUR
015 D011029 MALAYSIA
015 E041029 X
015 A001030 BANCO NACIONAL DE MEXICO
015 B001030 S
015 C011030 MEXICO CITY
015 D011030 MEXICO
015 E041030 X
015 A001031 KAS-ASSOCIATIE N.V.
015 B001031 S
015 C011031 AMSTERDAM
015 D011031 NETHERLANDS
015 E041031 X
015 A001032 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B001032 S
015 C011032 WELLINGTON
015 D011032 NEW ZEALAND
015 E041032 X
015 A001033 CHRISTIANIA BANK OG KREDITKASSE
015 B001033 S
015 C011033 BERGEN
015 D011033 NORWAY
015 E041033 X
015 A001034 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B001034 S
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015 D011034 PAKISTAN
015 E041034 X
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015 B001035 S
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015 D011035 PERU
015 E041035 X
015 A001036 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001036 S
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<PAGE> PAGE 96
015 D011036 PHILIPPINES
015 E041036 X
015 A001037 CITIBANK, N.A.
015 B001037 S
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015 E041037 X
015 A001038 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B001038 S
015 C011038 LISBON
015 D011038 PORTUGAL
015 E041038 X
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015 B001039 S
015 C011039 SINGAPORE
015 D011039 SINGAPORE
015 E041039 X
015 A001040 STANDARD BANK OF SOUTH AFRICA LTD.
015 B001040 S
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015 D011040 SOUTH AFRICA
015 E041040 X
015 A001041 BANCO DE SANTANDER
015 B001041 S
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015 D011041 SPAIN
015 E041041 X
015 A001042 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
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015 D011042 SRI LANKA
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015 A001043 SKANDINAVISKA ENSKILDA BANKEN
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015 A001044 SWISS BANK CORPORATION
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015 A001045 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001045 S
015 C011045 TAIPEI
015 D011045 TAIWAN (ROC)
015 E041045 X
015 A001046 BARCLAYS BANK PLC VIA BANGKOK BANK LIMITED
015 B001046 S
015 C011046 BANGKOK
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<PAGE> PAGE 97
015 E041046 X
015 A001047 BARCLAYS BANK PLC VIA YAPI VE KRED. BNK. A.S.
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015 C011047 ISTANBUL
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015 E041047 X
015 A001048 THE BANK OF NEW YORK
015 B001048 S
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015 A001049 CITIBANK, N.A.
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<PAGE> PAGE 98
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<PAGE> PAGE 99
066 A001000 N
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069 001000 N
070 A011000 Y
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<PAGE> PAGE 100
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<PAGE> PAGE 101
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008 A001101 FRANKLIN ADVISERS, INC.
008 B001101 A
008 C001101 801-26292
008 D011101 SAN MATEO
008 D021101 CA
008 D031101 94403
008 D041101 7777
015 A001101 BANK OF AMERICA NT & SA
015 B001101 C
015 C011101 SAN FRANCISCO
015 C021101 CA
015 C031101 94104
015 C041101 1502
015 E011101 X
015 A001102 CITIBANK, N.A.
015 B001102 S
015 C011102 BUENOS AIRES
015 D011102 ARGENTINA
015 E041102 X
015 A001103 NATIONAL AUSTRALIA BANK LTD.
015 B001103 S
015 C011103 MELBOURNE
015 D011103 AUSTRALIA
015 E041103 X
015 A001104 CREDITANSTALT-BANKVEREIN
015 B001104 S
015 C011104 VIENNA
015 D011104 AUSTRIA
015 E041104 X
015 A001105 STANDARD CHARTERED BANK
015 B001105 S
015 C011105 DHAKA
015 D011105 BANGLADESH
015 E041105 X
015 A001106 BANQUE BRUSSELS LAMBERT
015 B001106 S
015 C011106 BRUSSELS
015 D011106 BELGIUM
<PAGE> PAGE 102
015 E041106 X
015 A001107 THE BANK OF N.T. BUTTERFIELD & SON LTD.
015 B001107 S
015 C011107 HAMILTON
015 D011107 BERMUDA
015 E041107 X
015 A001108 CITIBANK, N.A.
015 B001108 S
015 C011108 SAO PAULO
015 D011108 BRAZIL
015 E041108 X
015 A001109 THE CANADA TRUST COMPANY
015 B001109 S
015 C011109 TORONTO
015 D011109 CANADA
015 E041109 X
015 A001110 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001110 S
015 C011110 SHANGHAI
015 D011110 CHINA
015 E041110 X
015 A001111 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001111 S
015 C011111 SHENZHEN
015 D011111 CHINA
015 E041111 X
015 A001112 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B001112 S
015 C011112 BOGOTA
015 D011112 COLOMBIA
015 E041112 X
015 A001113 UNIBANK
015 B001113 S
015 C011113 COPENHAGEN
015 D011113 DENMARK
015 E041113 X
015 A001114 KANSALLIS-OSAKE-PANKKI
015 B001114 S
015 C011114 HELSINKI
015 D011114 FINLAND
015 E041114 X
015 A001115 SOCIETE GENERALE
015 B001115 S
015 C011115 PARIS
015 D011115 FRANCE
015 E041115 X
015 A001116 BERLINER HANDELS-UND FRANKFURTER BANK
015 B001116 S
015 C011116 FRANKFURT
015 D011116 GERMANY
015 E041116 X
<PAGE> PAGE 103
015 A001117 BARCLAYS BANK PLC
015 B001117 S
015 C011117 ATHENS
015 D011117 GREECE
015 E041117 X
015 A001118 BARCLAYS BANK PLC
015 B001118 S
015 C011118 HONG KONG
015 D011118 HONG KONG
015 E041118 X
015 A001119 CITIBANK, N.A.
015 B001119 S
015 C011119 BUDAPEST
015 D011119 HUNGARY
015 E041119 X
015 A001120 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B001120 S
015 C011120 BOMBAY
015 D011120 INDIA
015 E041120 X
015 A001121 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001121 S
015 C011121 JAKARTA
015 D011121 INDONESIA
015 E041121 X
015 A001122 BANK OF IRELAND
015 B001122 S
015 C011122 DUBLIN
015 D011122 IRELAND
015 E041122 X
015 A001123 BANK LEUMI LE-ISRAEL, B.M.
015 B001123 S
015 C011123 TEL AVIV
015 D011123 ISRAEL
015 E041123 X
015 A001124 CITIBANK, N.A.
015 B001124 S
015 C011124 MILAN
015 D011124 ITALY
015 E041124 X
015 A001125 BARCLAYS BANK PLC VIA BAR. TR & BNK CO. (JPN)
015 B001125 S
015 C011125 TOKYO
015 D011125 JAPAN
015 E041125 X
015 A001126 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001126 S
015 C011126 SEOUL
015 D011126 SOUTH KOREA
015 E041126 X
015 A001127 CEDEL S.A. (DEPOSITORY)
<PAGE> PAGE 104
015 B001127 S
015 C011127 LUXEMBOURG CITY
015 D011127 LUXEMBOURG
015 E041127 X
015 A001128 BARCLAYS BANK PLC VIA UTD. MAL. BNK. CORP. BE
015 B001128 S
015 C011128 KUALA LUMPUR
015 D011128 MALAYSIA
015 E041128 X
015 A001129 BANCO NACIONAL DE MEXICO
015 B001129 S
015 C011129 MEXICO CITY
015 D011129 MEXICO
015 E041129 X
015 A001130 KAS-ASSOCIATIE N.V.
015 B001130 S
015 C011130 AMSTERDAM
015 D011130 NETHERLANDS
015 E041130 X
015 A001131 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B001131 S
015 C011131 WELLINGTON
015 D011131 NEW ZEALAND
015 E041131 X
015 A001132 CHRISTIANIA BANK OG KREDITKASSE
015 C011132 BERGEN
015 D011132 NORWAY
015 E041132 X
015 A001133 BANCO DE CREDITO DEL PERU
015 B001133 S
015 C011133 LIMA
015 D011133 PERU
015 E041133 X
015 A001134 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001134 S
015 C011134 MANILA
015 D011134 PHILIPPINES
015 E041134 X
015 A001135 CITIBANK, N.A.
015 B001135 S
015 C011135 WARSAW
015 D011135 POLAND
015 E041135 X
015 A001136 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B001136 S
015 C011136 LISBON
015 D011136 PORTUGAL
015 E041136 X
015 A001137 BARCLAYS BANK PLC
015 B001137 S
015 C011137 SINGAPORE
<PAGE> PAGE 105
015 D011137 SINGAPORE
015 E041137 X
015 A001138 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B001138 S
015 C011138 JOHANNESBURG
015 D011138 SOUTH AFRICA
015 E041138 X
015 A001139 BANCO DE SANTANDER
015 B001139 S
015 C011139 MADRID
015 D011139 SPAIN
015 E041139 X
015 A001140 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B001140 S
015 C011140 KARACHI
015 D011140 PAKISTAN
015 E041140 X
015 A001141 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
015 B001141 S
015 C011141 COLOMBO
015 D011141 SRI LANKA
015 E041141 X
015 A001142 SKANDINAVISKA ENSKILDA BANKEN
015 B001142 S
015 C011142 STOCKHOLM
015 D011142 SWEDEN
015 E041142 X
015 A001143 SWISS BANK CORPORATION
015 B001143 S
015 C011143 ZURICH
015 D011143 SWITZERLAND
015 E041143 X
015 A001144 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001144 S
015 C011144 TAIPEI
015 D011144 TAIWAN (ROC)
015 E041144 X
015 A001145 BARCLAYS BANK PLC VIA BANGKOK BANK LIMITED
015 B001145 S
015 C011145 BANGKOK
015 D011145 THAILAND
015 E041145 X
015 A001146 BARCLAYS BANK PLC VIA YAPI VE KRED. BNK. A.S.
015 B001146 S
015 C011146 ISTANBUL
015 D011146 TURKEY
015 E041146 X
015 A001147 THE BANK OF NEW YORK
015 B001147 S
015 C011147 LONDON
015 D011147 UNITED KINGDOM
<PAGE> PAGE 106
015 E041147 X
015 A001148 CITIBANK, N.A.
015 B001148 S
015 C011148 CARACAS
015 D011148 VENEZUELA
015 E041148 X
015 A001149 BANK OF AMERICA FOREIGN DIVISION - FRANKFURT
015 B001149 S
015 C011149 FRANKFURT
015 D011149 GERMANY
015 E041149 X
028 A011100 66
028 A021100 0
028 A031100 0
028 A041100 2368
028 B011100 59
028 B021100 0
028 B031100 0
028 B041100 1626
028 C011100 117
028 C021100 0
028 C031100 0
028 C041100 1159
028 D011100 27
028 D021100 0
028 D031100 0
028 D041100 1228
028 E011100 23
028 E021100 0
028 E031100 0
028 E041100 5827
028 F011100 2
028 F021100 0
028 F031100 0
028 F041100 5744
028 G011100 294
028 G021100 0
028 G031100 0
028 G041100 17952
028 H001100 0
045 001100 Y
046 001100 N
047 001100 Y
048 001100 0.000
048 A011100 100000
048 A021100 0.625
048 B011100 150000
048 B021100 0.500
048 C011100 9750000
048 C021100 0.450
048 D011100 2500000
<PAGE> PAGE 107
048 D021100 0.440
048 E011100 2500000
048 E021100 0.420
048 F011100 0
048 F021100 0.000
048 G011100 0
048 G021100 0.000
048 H011100 0
048 H021100 0.000
048 I011100 0
048 I021100 0.000
048 J011100 0
048 J021100 0.000
048 K011100 15000000
048 K021100 0.400
049 001100 N
050 001100 N
051 001100 N
052 001100 N
053 A001100 Y
053 B001100 Y
053 C001100 N
055 A001100 Y
055 B001100 N
056 001100 N
057 001100 N
062 A001100 Y
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
063 A001100 0
063 B001100 0.0
064 A001100 N
064 B001100 N
066 A001100 N
067 001100 N
068 A001100 N
<PAGE> PAGE 108
068 B001100 N
069 001100 N
070 A011100 Y
070 A021100 Y
070 B011100 N
070 B021100 N
070 C011100 N
070 C021100 N
070 D011100 N
070 D021100 N
070 E011100 N
070 E021100 N
070 F011100 N
070 F021100 N
070 G011100 N
070 G021100 N
070 H011100 N
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 N
070 K021100 N
070 L011100 Y
070 L021100 N
070 M011100 Y
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100 9303
071 B001100 63455
071 C001100 35410
071 D001100 26
072 A001100 12
072 B001100 3010
072 C001100 0
072 D001100 0
072 E001100 0
072 F001100 276
072 G001100 0
072 H001100 0
072 I001100 0
<PAGE> PAGE 109
072 J001100 5
072 K001100 2
072 L001100 3
072 M001100 0
072 N001100 0
072 O001100 0
072 P001100 0
072 Q001100 0
072 R001100 0
072 S001100 0
072 T001100 0
072 U001100 0
072 V001100 0
072 W001100 2
072 X001100 288
072 Y001100 111
072 Z001100 2833
072AA001100 404
072BB001100 55
072CC011100 81
072CC021100 0
072DD011100 3253
072DD021100 0
072EE001100 16
073 A011100 0.8722
073 A021100 0.0000
073 B001100 0.0043
073 C001100 0.0000
074 A001100 0
074 B001100 0
074 C001100 0
074 D001100 0
074 E001100 0
074 F001100 0
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 0
074 K001100 0
074 L001100 0
074 M001100 0
074 N001100 0
074 O001100 0
074 P001100 0
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 0
074 S001100 0
074 T001100 0
<PAGE> PAGE 110
074 U011100 0
074 U021100 0
074 V011100 0.00
074 V021100 0.00
074 W001100 0.0000
074 X001100 0
074 Y001100 0
075 A001100 0
075 B001100 46157
076 001100 0.00
008 A001201 FRANKLIN ADVISERS, INC.
008 B001201 A
008 C001201 801-26292
008 D011201 SAN MATEO
008 D021201 CA
008 D031201 94403
008 D041201 7777
015 A001201 BANK OF AMERICA, NT & SA
015 B001201 C
015 C011201 SAN FRANCISCO
015 C021201 CA
015 C031201 94104
015 C041201 1502
015 E011201 X
015 A001203 CITIBANK, N.A.
015 B001203 S
015 C011203 BUENOS AIRES
015 D011203 ARGENTINA
015 E041203 X
015 A001204 NATIONAL AUSTRALIA BANK LTD.
015 B001204 S
015 C011204 MELBOURNE
015 D011204 AUSTRALIA
015 E041204 X
015 A001205 CREDITANSTALT-BANKVEREIN
015 B001205 S
015 C011205 VIENNA
015 D011205 AUSTRIA
015 E041205 X
015 A001206 STANDARD CHARTERED BANK
015 B001206 S
015 C011206 DHAKA
015 D011206 BANGLADESH
015 E041206 X
015 A001207 BANQUE BRUSSELS LAMBERT
015 B001207 S
015 C011207 BRUSSELS
015 D011207 BELGIUM
015 E041207 X
015 A001208 THE BANK OF N.T. BUTTERFIELD & SON LTD.
015 B001208 S
<PAGE> PAGE 111
015 C011208 HAMILTON
015 D011208 BERMUDA
015 E041208 X
015 A001209 CITIBANK, N.A.
015 B001209 S
015 C011209 SAO PAULO
015 D011209 BRAZIL
015 E041209 X
015 A001210 THE CANADA TRUST COMPANY
015 B001210 S
015 C011210 TORONTO
015 D011210 CANADA
015 E041210 X
015 A001211 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001211 S
015 C011211 SHANGHAI
015 D011211 CHINA
015 E041211 X
015 A001212 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001212 S
015 C011212 SHENZHEN
015 D011212 CHINA
015 E041212 X
015 A001213 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B001213 S
015 C011213 BOGOTA
015 D011213 COLOMBIA
015 E041213 X
015 A001214 UNIBANK
015 B001214 S
015 C011214 COPENHAGEN
015 D011214 DENMARK
015 E041214 X
015 A001215 KANSALLIS-OSAKE-PANKKI
015 B001215 S
015 C011215 HELSINKI
015 D011215 FINLAND
015 E041215 X
015 A001216 SOCIETE GENERALE
015 B001216 S
015 C011216 PARIS
015 D011216 FRANCE
015 E041216 X
015 A001217 BANK OF AMERICA FOREIGN DIVISION - FRANKFURT
015 B001217 S
015 C011217 FRANKFURT
015 D011217 GERMANY
015 E041217 X
015 A001218 BARCLAYS BANK PLC
015 B001218 S
015 C011218 ATHENS
<PAGE> PAGE 112
015 D011218 GREECE
015 E041218 X
015 A001219 BARCLAYS BANK PLC
015 B001219 S
015 C011219 HONG KONG
015 D011219 HONG KONG
015 E041219 X
015 A001220 CITIBANK, N.A.
015 B001220 S
015 C011220 BUDAPEST
015 D011220 HUNGARY
015 E041220 X
015 A001221 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B001221 S
015 C011221 BOMBAY
015 D011221 INDIA
015 E041221 X
015 A001222 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001222 S
015 C011222 JAKARTA
015 D011222 INDONESIA
015 E041222 X
015 A001223 BANK OF IRELAND
015 B001223 S
015 C011223 DUBLIN
015 D011223 IRELAND
015 E041223 X
015 A001224 BANK LEUMI LE-ISRAEL, B.M.
015 B001224 S
015 C011224 TEL AVIV
015 D011224 ISRAEL
015 E041224 X
015 A001225 CITIBANK, N.A.
015 B001225 S
015 C011225 MILAN
015 D011225 ITALY
015 E041225 X
015 A001226 BARCLAYS BANK PLC VIA BAR. TR & BNK CO. (JPN)
015 B001226 S
015 C011226 TOKYO
015 D011226 JAPAN
015 E041226 X
015 A001227 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001227 S
015 C011227 SEOUL
015 D011227 SOUTH KOREA
015 E041227 X
015 A001228 CEDEL S.A. (DEPOSITORY)
015 B001228 S
015 C011228 LUXEMBOURG CITY
015 D011228 LUXEMBOURG
<PAGE> PAGE 113
015 E041228 X
015 A001229 BARCLAYS BANK PLC VIA UTD. MAL. BNK. CORP. BE
015 B001229 S
015 C011229 KUALA LUMPUR
015 D011229 MALAYSIA
015 E041229 X
015 A001230 BANCO NACIONAL DE MEXICO
015 B001230 S
015 C011230 MEXICO CITY
015 D011230 MEXICO
015 E041230 X
015 A001231 KAS-ASSOCIATIE N.V.
015 B001231 S
015 C011231 AMSTERDAM
015 D011231 NETHERLANDS
015 E041231 X
015 A001232 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B001232 S
015 C011232 WELLINGTON
015 D011232 NEW ZEALAND
015 E041232 X
015 A001233 CHRISTIANIA BANK OG KREDITKASSE
015 B001233 S
015 C011233 BERGEN
015 D011233 NORWAY
015 E041233 X
015 A001234 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B001234 S
015 C011234 KARACHI
015 D011234 PAKISTAN
015 E041234 X
015 A001235 BANCO DE CREDITO DEL PERU
015 B001235 S
015 C011235 LIMA
015 D011235 PERU
015 E041235 X
015 A001236 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001236 S
015 C011236 MANILA
015 D011236 PHILIPPINES
015 E041236 X
015 A001237 CITIBANK, N.A.
015 B001237 S
015 C011237 WARSAW
015 D011237 POLAND
015 E041237 X
015 A001238 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B001238 S
015 C011238 LISBON
015 D011238 PORTUGAL
015 E041238 X
<PAGE> PAGE 114
015 A001239 BARCLAYS BANK PLC
015 B001239 S
015 C011239 SINGAPORE
015 D011239 SINGAPORE
015 E041239 X
015 A001240 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B001240 S
015 C011240 JOHANNESBURG
015 D011240 SOUTH AFRICA
015 E041240 X
015 A001241 BANCO DE SANTANDER
015 B001241 S
015 C011241 MADRID
015 D011241 SPAIN
015 E041241 X
015 A001242 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
015 B001242 S
015 C011242 COLOMBO
015 D011242 SRI LANKA
015 E041242 X
015 A001243 SKANDINAVISKA ENSKILDA BANKEN
015 B001243 S
015 C011243 STOCKHOLM
015 D011243 SWEDEN
015 E041243 X
015 A001244 SWISS BANK CORPORATION
015 B001244 S
015 C011244 ZURICH
015 D011244 SWITZERLAND
015 E041244 X
015 A001245 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001245 S
015 C011245 TAIPEI
015 D011245 TAIWAN (ROC)
015 E041245 X
015 A001246 BARCLAYS BANK PLC VIA BANGKOK BANK LIMITED
015 B001246 S
015 C011246 BANGKOK
015 D011246 THAILAND
015 E041246 X
015 A001247 BARCLAYS BANK PLC VIA YAPI VE KRED. BNK. A.S.
015 B001247 S
015 C011247 ISTANBUL
015 D011247 TURKEY
015 E041247 X
015 A001248 THE BANK OF NEW YORK
015 B001248 S
015 C011248 LONDON
015 D011248 UNITED KINGDOM
015 E041248 X
015 A001249 CITIBANK, N.A.
<PAGE> PAGE 115
015 B001249 S
015 C011249 CARACAS
015 D011249 VENEZUELA
015 E041249 X
015 A001250 BERLINER HANDELS-UND FRANKFURTER BANK
015 B001250 S
015 C011250 FRANKFURT
015 D011250 GERMANY
015 E041250 X
028 A011200 1798
028 A021200 0
028 A031200 0
028 A041200 1595
028 B011200 1325
028 B021200 0
028 B031200 0
028 B041200 1512
028 C011200 5151
028 C021200 0
028 C031200 0
028 C041200 1147
028 D011200 2026
028 D021200 0
028 D031200 0
028 D041200 1372
028 E011200 2030
028 E021200 0
028 E031200 0
028 E041200 1597
028 F011200 3575
028 F021200 0
028 F031200 0
028 F041200 1743
028 G011200 15905
028 G021200 0
028 G031200 0
028 G041200 8966
028 H001200 0
045 001200 Y
046 001200 N
047 001200 Y
048 001200 0.000
048 A011200 100000
048 A021200 0.625
048 B011200 150000
048 B021200 0.500
048 C011200 9750000
048 C021200 0.450
048 D011200 2500000
048 D021200 0.440
048 E011200 2500000
<PAGE> PAGE 116
048 E021200 0.420
048 F011200 0
048 F021200 0.000
048 G011200 0
048 G021200 0.000
048 H011200 0
048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 15000000
048 K021200 0.400
049 001200 N
050 001200 N
051 001200 N
052 001200 N
053 A001200 Y
053 B001200 Y
053 C001200 N
055 A001200 N
055 B001200 N
056 001200 N
057 001200 N
062 A001200 Y
062 B001200 0.0
062 C001200 0.0
062 D001200 0.8
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 24.9
062 N001200 73.0
062 O001200 0.0
062 P001200 0.0
062 Q001200 1.3
062 R001200 0.0
063 A001200 0
063 B001200 5.0
064 A001200 N
064 B001200 N
066 A001200 N
067 001200 N
068 A001200 N
068 B001200 N
069 001200 N
<PAGE> PAGE 117
070 A011200 Y
070 A021200 Y
070 B011200 N
070 B021200 N
070 C011200 N
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 N
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 N
070 K021200 N
070 L011200 Y
070 L021200 N
070 M011200 Y
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200 22201
071 B001200 1918
071 C001200 117800
071 D001200 2
072 A001200 12
072 B001200 7816
072 C001200 0
072 D001200 0
072 E001200 0
072 F001200 722
072 G001200 0
072 H001200 0
072 I001200 0
072 J001200 11
072 K001200 5
<PAGE> PAGE 118
072 L001200 9
072 M001200 1
072 N001200 0
072 O001200 0
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<PAGE> PAGE 119
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008 A001301 FRANKLIN ADVISERS, INC.
008 B001301 A
008 C001301 801-26292
008 D011301 SAN MATEO
008 D021301 CA
008 D031301 94403
008 D041301 7777
015 A001301 BANK OF AMERICA, NT & SA
015 B001301 C
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015 C021301 CA
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015 E011301 X
015 A001302 CITIBANK, N.A.
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015 C011302 BUENOS AIRES
015 D011302 ARGENTINA
015 E041302 X
015 A001304 NATIONAL AUSTRALIA BANK LTD.
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015 A001308 THE BANK OF N.T. BUTTERFIELD & SON LTD.
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015 C011308 HAMILTON
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<PAGE> PAGE 120
015 E041308 X
015 A001309 CITIBANK, N.A.
015 B001309 S
015 C011309 SAO PAULO
015 D011309 BRAZIL
015 E041309 X
015 A001310 THE CANADA TRUST COMPANY
015 B001310 S
015 C011310 TORONTO
015 D011310 CANADA
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015 A001311 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001311 S
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015 D011311 CHINA
015 E041311 X
015 A001312 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001312 S
015 C011312 SHENZHEN
015 D011312 CHINA
015 E041312 X
015 A001313 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B001313 S
015 C011313 BOGOTA
015 D011313 COLOMBIA
015 E041313 X
015 A001314 UNIBANK
015 B001314 S
015 C011314 COPENHAGEN
015 D011314 DENMARK
015 E041314 X
015 A001315 KANSALLIS-OSAKE-PANKKI
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015 C011317 FRANKFURT
015 D011317 GERMANY
015 E041317 X
015 A001318 BARCLAYS BANK PLC
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015 C011318 ATHENS
015 D011318 GREECE
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<PAGE> PAGE 121
015 A001319 BARCLAYS BANK PLC
015 B001319 S
015 C011319 HONG KONG
015 D011319 HONG KONG
015 E041319 X
015 A001320 CITIBANK, N.A.
015 B001320 S
015 C011320 BUDAPEST
015 D011320 HUNGARY
015 E041320 X
015 A001321 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B001321 S
015 C011321 BOMBAY
015 D011321 INDIA
015 E041321 X
015 A001322 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
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015 C011322 JAKARTA
015 D011322 INDONESIA
015 E041322 X
015 A001323 BANK OF IRELAND
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015 C011323 DUBLIN
015 D011323 IRELAND
015 E041323 X
015 A001324 BANK LEUMI LE-ISRAEL, B.M.
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015 C011324 TEL AVIV
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015 E041324 X
015 A001325 CITIBANK, N.A.
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015 D011325 ITALY
015 E041325 X
015 A001326 BARCLAYS BANK PLC VIA BAR. TR & BNK CO. (JPN)
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015 A001327 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
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015 D011327 SOUTH KOREA
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015 C011328 LUXEMBOURG CITY
015 D011328 LUXEMBOURG
015 E041328 X
015 A001329 BARCLAYS BANK PLC VIA UTD. MAL. BNK. CORP. BE
<PAGE> PAGE 122
015 B001329 S
015 C011329 KUALA LUMPUR
015 D011329 MALAYSIA
015 E041329 X
015 A001330 BANCO NACIONAL DE MEXICO
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015 E041330 X
015 A001331 KAS-ASSOCIATIE N.V.
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015 C011331 AMSTERDAM
015 D011331 NETHERLANDS
015 E041331 X
015 A001332 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B001332 S
015 C011332 WELLINGTON
015 D011332 NEW ZEALAND
015 E041332 X
015 A001333 CHRISTIANIA BANK OG KREDITKASSE
015 B001333 S
015 C011333 BERGEN
015 D011333 NORWAY
015 E041333 X
015 A001334 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
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015 D011334 PAKISTAN
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015 A001335 BANCO DE CREDITO DEL PERU
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<PAGE> PAGE 123
015 C011339 SINGAPORE
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015 A001340 STANDARD BANK OF SOUTH AFRICA LIMITED
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015 A001341 BANCO DE SANTANDER
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015 C011341 MADRID
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015 D011342 SRI LANKA
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015 A001343 SKANDINAVISKA ENSKILDA BANKEN
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015 C011345 TAIPEI
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015 E041345 X
015 A001346 BARCLAYS BANK PLC VIA BANGKOK BANK LIMITED
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015 C011346 BANGKOK
015 D011346 THAILAND
015 E041346 X
015 A001347 BARCLAYS BANK PLC VIA YAPI VE KRED. BNK. A.S.
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015 A001348 THE BANK OF NEW YORK
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<PAGE> PAGE 124
015 D011349 VENEZUELA
015 E041349 X
015 A001350 BERLINER HANDELS-UND FRANKFURTER BANK
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<PAGE> PAGE 125
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051 001300 N
052 001300 N
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055 B001300 N
056 001300 N
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064 B001300 N
066 A001300 N
067 001300 N
068 A001300 N
068 B001300 N
069 001300 N
070 A011300 Y
070 A021300 Y
<PAGE> PAGE 126
070 B011300 N
070 B021300 N
070 C011300 N
070 C021300 N
070 D011300 N
070 D021300 N
070 E011300 N
070 E021300 N
070 F011300 N
070 F021300 N
070 G011300 N
070 G021300 N
070 H011300 N
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 N
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070 L021300 N
070 M011300 Y
070 M021300 N
070 N011300 Y
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070 O011300 Y
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070 P011300 Y
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
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<PAGE> PAGE 127
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<PAGE> PAGE 128
074 W001300 0.0000
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008 A001401 FRANKLIN ADVISERS, INC.
008 B001401 A
008 C001401 801-26292
008 D011401 SAN MATEO
008 D021401 CA
008 D031401 94403
008 D041401 7777
015 A001401 BANK OF AMERICA, NT & SA
015 B001401 C
015 C011401 SAN FRANCISCO
015 C021401 CA
015 C031401 94104
015 C041401 1502
015 E011401 X
015 A001402 CITIBANK, N.A.
015 B001402 S
015 C011402 BUENOS AIRES
015 D011402 ARGENTINA
015 E041402 X
015 A001403 NATIONAL AUSTRALIA BANK LTD.
015 B001403 S
015 C011403 MELBOURNE
015 D011403 AUSTRALIA
015 E041403 X
015 A001404 CREDITANSTALT-BANKVEREIN
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015 C011404 VIENNA
015 D011404 AUSTRIA
015 E041404 X
015 A001405 STANDARD CHARTERED BANK
015 B001405 S
015 C011405 DHAKA
015 D011405 BANGLADESH
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015 A001406 BANQUE BRUSSELS LAMBERT
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015 C011406 BRUSSELS
015 D011406 BELGIUM
015 E041406 X
015 A001407 THE BANK OF N.T. BUTTERFIELD & SON LTD.
015 B001407 S
015 C011407 HAMILTON
015 D011407 BERMUDA
015 E041407 X
015 A001408 CITIBANK, N.A.
<PAGE> PAGE 129
015 B001408 S
015 C011408 SAO PAULO
015 D011408 BRAZIL
015 E041408 X
015 A001409 THE CANADA TRUST COMPANY
015 B001409 S
015 C011409 TORONTO
015 D011409 CANADA
015 E041409 X
015 A001410 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001410 S
015 C011410 SHANGHAI
015 D011410 CHINA
015 E041410 X
015 A001411 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001411 S
015 C011411 SHENZHEN
015 D011411 CHINA
015 E041411 X
015 A001412 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B001412 S
015 C011412 BOGOTA
015 D011412 COLOMBIA
015 E041412 X
015 A001413 UNIBANK
015 B001413 S
015 C011413 COPENHAGEN
015 D011413 DENMARK
015 E041413 X
015 A001414 KANSALLIS-OSAKE-PANKKI
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015 C011414 HELSINKI
015 D011414 FINLAND
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015 A001415 SOCIETE GENERALE
015 B001415 S
015 C011415 PARIS
015 D011415 FRANCE
015 E041415 X
015 A001416 BERLINER HANDELS-UND FRANKFURTER BANK
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015 D011416 GERMANY
015 E041416 X
015 A001417 BARCLAYS BANK PLC
015 B001417 S
015 C011417 ATHENS
015 D011417 GREECE
015 E041417 X
015 A001418 BARCLAYS BANK PLC
015 B001418 S
<PAGE> PAGE 130
015 C011418 HONG KONG
015 D011418 HONG KONG
015 E041418 X
015 A001419 CITIBANK, N.A.
015 B001419 S
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015 E041419 X
015 A001420 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
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015 C011420 BOMBAY
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015 E041420 X
015 A001421 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001421 S
015 C011421 JAKARTA
015 D011421 INDONESIA
015 E041421 X
015 A001422 BANK OF IRELAND
015 B001422 S
015 C011422 DUBLIN
015 D011422 IRELAND
015 E041422 X
015 A001423 BANK LEUMI LE-ISRAEL, B.M.
015 B001423 S
015 C011423 TEL AVIV
015 D011423 ISRAEL
015 E041423 X
015 A001424 CITIBANK, N.A.
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015 C011424 MILAN
015 D011424 ITALY
015 E041424 X
015 A001425 BARCLAYS BANK PLC VIA BAR. TR & BNK CO. (JPN)
015 B001425 S
015 C011425 TOKYO
015 D011425 JAPAN
015 E041425 X
015 A001426 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001426 S
015 C011426 SEOUL
015 D011426 SOUTH KOREA
015 E041426 X
015 A001427 CEDEL S.A. (DEPOSITORY)
015 B001427 S
015 C011427 LUXEMBOURG CITY
015 D011427 LUXEMBOURG
015 E041427 X
015 A001428 BARCLAYS BANK PLC VIA UTD. MAL. BNK. CORP. BE
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015 C011428 KUALA LUMPUR
<PAGE> PAGE 131
015 D011428 MALAYSIA
015 E041428 X
015 A001429 BANCO NACIONAL DE MEXICO
015 B001429 S
015 C011429 MEXICO CITY
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015 A001430 KAS-ASSOCIATIE N.V.
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015 C011430 AMSTERDAM
015 D011430 NETHERLANDS
015 E041430 X
015 A001431 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B001431 S
015 C011431 WELLINGTON
015 D011431 NEW ZEALAND
015 E041431 X
015 A001432 CHRISTIANIA BANK OG KREDITKASSE
015 B001432 S
015 C011432 BERGEN
015 D011432 NORWAY
015 E041432 X
015 A001433 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
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015 D011433 PAKISTAN
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015 A001434 BANCO DE CREDITO DEL PERU
015 B001434 S
015 C011434 LIMA
015 D011434 PERU
015 E041434 X
015 A001435 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
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015 C011435 MANILA
015 D011435 PHILIPPINES
015 E041435 X
015 A001436 CITIBANK, N.A.
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015 E041436 X
015 A001437 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B001437 S
015 C011437 LISBON
015 D011437 PORTUGAL
015 E041437 X
015 A001438 BARCLAYS BANK PLC
015 B001438 S
015 C011438 SINGAPORE
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<PAGE> PAGE 132
015 E041438 X
015 A001439 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B001439 S
015 C011439 JOHANNESBURG
015 D011439 SOUTH AFRICA
015 E041439 X
015 A001440 BANCO DE SANTANDER
015 B001440 S
015 C011440 MADRID
015 D011440 SPAIN
015 E041440 X
015 A001441 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
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015 C011441 COLOMBO
015 D011441 SRI LANKA
015 E041441 X
015 A001442 SKANDINAVISKA ENSKILDA BANKEN
015 B001442 S
015 C011442 DUBLIN
015 D011442 SWEDEN
015 E041442 X
015 A001443 SWISS BANK CORPORATION
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015 C011443 ZURICH
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015 E041443 X
015 A001444 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001444 S
015 C011444 TAIPEI
015 D011444 TAIWAN (ROC)
015 E041444 X
015 A001445 BARCLAYS BANK PLC VIA BANGKOK BANK LIMITED
015 B001445 S
015 C011445 BANGKOK
015 D011445 THAILAND
015 E041445 X
015 A001446 BARCLAYS BANK PLC VIA YAPI VE KRED. BNK. A.S.
015 B001446 S
015 C011446 ISTANBUL
015 D011446 TURKEY
015 E041446 X
015 A001447 THE BANK OF NEW YORK
015 B001447 S
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015 D011447 UNITED KINGDOM
015 E041447 X
015 A001448 CITIBANK, N.A.
015 B001448 S
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015 D011448 VENEZUELA
015 E041448 X
<PAGE> PAGE 133
015 A001449 BANK OF AMERICA FOREIGN DIVISION - FRANKFURT
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015 C011449 FRANKFURT
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015 E041449 X
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<PAGE> PAGE 134
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050 001400 N
051 001400 N
052 001400 N
053 A001400 Y
053 B001400 Y
053 C001400 N
055 A001400 N
055 B001400 N
056 001400 N
057 001400 N
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062 C001400 0.0
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062 E001400 0.0
062 F001400 0.0
062 G001400 0.0
062 H001400 0.0
062 I001400 0.0
062 J001400 0.0
062 K001400 0.0
062 L001400 0.0
062 M001400 17.4
062 N001400 74.4
062 O001400 0.0
062 P001400 0.0
062 Q001400 4.8
062 R001400 0.0
063 A001400 0
063 B001400 14.5
064 A001400 N
064 B001400 N
066 A001400 N
067 001400 N
068 A001400 N
068 B001400 N
069 001400 N
070 A011400 Y
070 A021400 Y
070 B011400 N
070 B021400 N
<PAGE> PAGE 135
070 C011400 N
070 C021400 N
070 D011400 N
070 D021400 N
070 E011400 N
070 E021400 N
070 F011400 N
070 F021400 N
070 G011400 N
070 G021400 N
070 H011400 N
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 N
070 K021400 N
070 L011400 Y
070 L021400 N
070 M011400 Y
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 Y
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
071 A001400 34873
071 B001400 19775
071 C001400 62879
071 D001400 31
072 A001400 12
072 B001400 4347
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072 D001400 0
072 E001400 0
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072 H001400 0
072 I001400 0
072 J001400 6
072 K001400 3
072 L001400 4
072 M001400 1
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072 O001400 0
<PAGE> PAGE 136
072 P001400 0
072 Q001400 0
072 R001400 3
072 S001400 0
072 T001400 0
072 U001400 0
072 V001400 0
072 W001400 4
072 X001400 420
072 Y001400 165
072 Z001400 4092
072AA001400 1879
072BB001400 611
072CC011400 17391
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072DD011400 2074
072DD021400 0
072EE001400 0
073 A011400 0.4887
073 A021400 0.0000
073 B001400 0.0000
073 C001400 0.0000
074 A001400 0
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074 C001400 0
074 D001400 82698
074 E001400 0
074 F001400 0
074 G001400 0
074 H001400 0
074 I001400 0
074 J001400 0
074 K001400 0
074 L001400 1840
074 M001400 0
074 N001400 85682
074 O001400 0
074 P001400 23
074 Q001400 0
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074 R021400 0
074 R031400 0
074 R041400 26
074 S001400 0
074 T001400 85633
074 U011400 4747
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074 V011400 18.04
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<PAGE> PAGE 137
074 Y001400 0
075 A001400 0
075 B001400 63833
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008 A001501 FRANKLIN ADVISERS, INC.
008 B001501 A
008 C001501 801-26292
008 D011501 SAN MATEO
008 D021501 CA
008 D031501 94403
008 D041501 7777
015 A001501 BANK OF AMERICA, NT & SA
015 B001501 C
015 C011501 SAN FRANCISCO
015 C021501 CA
015 C031501 94104
015 C041501 1502
015 E011501 X
015 A001502 CITIBANK, N.A.
015 B001502 S
015 C011502 BUENOS AIRES
015 D011502 ARGENTINA
015 E041502 X
015 A001503 NATIONAL AUSTRALIA BANK LTD.
015 B001503 S
015 C011503 MELBOURNE
015 D011503 AUSTRALIA
015 E041503 X
015 A001504 CREDITANSTALT-BANKVEREIN
015 B001504 S
015 C011504 VIENNA
015 D011504 AUSTRIA
015 E041504 X
015 A001505 STANDARD CHARTERED BANK
015 B001505 S
015 C011505 DHAKA
015 D011505 BANGLADESH
015 E041505 X
015 A001506 BANQUE BRUSSELS LAMBERT
015 B001506 S
015 C011506 BRUSSELS
015 D011506 BELGIUM
015 E041506 X
015 A001507 THE BANK OF N.T. BUTTERFIELD & SON LTD.
015 B001507 S
015 C011507 HAMILTON
015 D011507 BERMUDA
015 E041507 X
015 A001508 CITIBANK, N.A.
015 B001508 S
015 C011508 SAO PAULO
<PAGE> PAGE 138
015 D011508 BRAZIL
015 E041508 X
015 A001509 THE CANADA TRUST COMPANY
015 B001509 S
015 C011509 TORONTO
015 D011509 CANADA
015 E041509 X
015 A001510 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001510 S
015 C011510 SHENZHEN
015 D011510 CHINA
015 E041510 X
015 A001511 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001511 S
015 C011511 SHANGHAI
015 D011511 CHINA
015 E041511 X
015 A001512 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B001512 S
015 C011512 BOGOTA
015 D011512 COLOMBIA
015 E041512 X
015 A001513 UNIBANK
015 B001513 S
015 C011513 COPENHAGEN
015 D011513 DENMARK
015 E041513 X
015 A001514 KANSALLIS-OSAKE-PANKKI
015 B001514 S
015 C011514 HELSINKI
015 D011514 FINLAND
015 E041514 X
015 A001515 SOCIETE GENERALE
015 B001515 S
015 C011515 PARIS
015 D011515 FRANCE
015 E041515 X
015 A001516 BANK OF AMERICA FOREIGN DIVISION - FRANKFURT
015 B001516 S
015 C011516 FRANKFURT
015 D011516 GERMANY
015 E041516 X
015 A001517 BERLINER HANDLES-UND FRANKFURTER BANK
015 B001517 S
015 C011517 FRANKFURT
015 D011517 GERMANY
015 E041517 X
015 A001518 BARCLAYS BANK PLC
015 B001518 S
015 C011518 ATHENS
015 D011518 GREECE
<PAGE> PAGE 139
015 E041518 X
015 A001519 BARCLAYS BANK PLC
015 B001519 S
015 C011519 HONG KONG
015 D011519 HONG KONG
015 E041519 X
015 A001520 CITIBANK, N.A.
015 B001520 S
015 C011520 BUDAPEST
015 D011520 HUNGARY
015 E041520 X
015 A001521 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B001521 S
015 C011521 BOMBAY
015 D011521 INDIA
015 E041521 X
015 A001522 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001522 S
015 C011522 JAKARTA
015 D011522 INDONESIA
015 E041522 X
015 A001523 BANK OF IRELAND
015 B001523 S
015 C011523 DUBLIN
015 D011523 IRELAND
015 E041523 X
015 A001524 BANK LEUMI LE-ISRAEL, B.M.
015 B001524 S
015 C011524 TEL AVIV
015 D011524 ISRAEL
015 E041524 X
015 A001525 CITIBANK, N.A.
015 B001525 S
015 C011525 MILAN
015 D011525 ITALY
015 E041525 X
015 A001526 BARCLAYS BANK PLC VIA BAR. TR & BNK CO. (JPN)
015 B001526 S
015 C011526 TOKYO
015 D011526 JAPAN
015 E041526 X
015 A001527 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001527 S
015 C011527 SEOUL
015 D011527 SOUTH KOREA
015 E041527 X
015 A001528 CEDEL S.A. (DEPOSITORY)
015 B001528 S
015 C011528 LUXEMBOURG CITY
015 D011528 LUXEMBOURG
015 E041528 X
<PAGE> PAGE 140
015 A001529 BARCLAYS BANK PLC VIA UTD. MAL. BNK. CORP. BE
015 B001529 S
015 C011529 KUALA LUMPUR
015 D011529 MALAYSIA
015 E041529 X
015 A001530 BANCO NACIONAL DE MEXICO
015 B001530 S
015 C011530 MEXICO CITY
015 D011530 MEXICO
015 E041530 X
015 A001531 KAS-ASSOCIATIE N.V.
015 B001531 S
015 C011531 AMSTERDAM
015 D011531 NETHERLANDS
015 E041531 X
015 A001532 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B001532 S
015 C011532 WELLINGTON
015 D011532 NEW ZEALAND
015 E041532 X
015 A001533 CHRISTIANIA BANK OG KREDITKASSE
015 B001533 S
015 C011533 BERGEN
015 D011533 NORWAY
015 E041533 X
015 A001534 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B001534 S
015 C011534 KARACHI
015 D011534 PAKISTAN
015 E041534 X
015 A001535 BANCO DE CREDITO DEL PERU
015 B001535 S
015 C011535 LIMA
015 D011535 PERU
015 E041535 X
015 A001536 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001536 S
015 C011536 MANILA
015 D011536 PHILIPPINES
015 E041536 X
015 A001537 CITIBANK, N.A.
015 B001537 S
015 C011537 WARSAW
015 D011537 POLAND
015 E041537 X
015 A001538 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B001538 S
015 C011538 LISBON
015 D011538 PORTUGAL
015 E041538 X
015 A001539 BARCLAYS BANK PLC
<PAGE> PAGE 141
015 B001539 S
015 C011539 SINGAPORE
015 D011539 SINGAPORE
015 E041539 X
015 A001540 STANDARD BANK OF SOUTH AFRICA LTD.
015 B001540 S
015 C011540 JOHANNESBURG
015 D011540 SOUTH AFRICA
015 E041540 X
015 A001541 BANCO DE SANTANDER
015 B001541 S
015 C011541 MADRID
015 D011541 SPAIN
015 E041541 X
015 A001542 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
015 B001542 S
015 C011542 COLOMBO
015 D011542 SRI LANKA
015 E041542 X
015 A001543 SKANDINAVISKA ENSKILDA BANKEN
015 B001543 S
015 C011543 STOCKHOLM
015 D011543 SWEDEN
015 E041543 X
015 A001544 SWISS BANK CORPORATION
015 B001544 S
015 C011544 ZURICH
015 D011544 SWITZERLAND
015 E041544 X
015 A001545 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001545 S
015 C011545 TAIPEI
015 D011545 TAIWAN (ROC)
015 E041545 X
015 A001546 BARCLAYS BANK PLC VIA BANGKOK BANK LIMITED
015 B001546 S
015 C011546 BANGKOK
015 D011546 THAILAND
015 E041546 X
015 A001547 BARCLAYS BANK PLC VIA YAPI VE KRED. BNK. A.S.
015 B001547 S
015 C011547 ISTANBUL
015 D011547 TURKEY
015 E041547 X
015 A001548 THE BANK OF NEW YORK
015 B001548 S
015 C011548 LONDON
015 D011548 UNITED KINGDOM
015 E041548 X
015 A001549 CITIBANK, N.A.
015 B001549 S
<PAGE> PAGE 142
015 C011549 CARACAS
015 D011549 VENEZUELA
015 E041549 X
028 A011500 4533
028 A021500 0
028 A031500 0
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028 B041500 7922
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028 F011500 4479
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028 F031500 0
028 F041500 6752
028 G011500 26419
028 G021500 0
028 G031500 0
028 G041500 47842
028 H001500 0
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048 E011500 2500000
048 E021500 0.420
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<PAGE> PAGE 143
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048 I021500 0.000
048 J011500 0
048 J021500 0.000
048 K011500 15000000
048 K021500 0.400
049 001500 N
050 001500 N
051 001500 N
052 001500 N
053 A001500 N
055 A001500 N
055 B001500 N
056 001500 N
057 001500 N
062 A001500 Y
062 B001500 10.3
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062 D001500 1.9
062 E001500 0.0
062 F001500 0.0
062 G001500 0.0
062 H001500 0.0
062 I001500 0.0
062 J001500 0.0
062 K001500 0.0
062 L001500 0.0
062 M001500 0.0
062 N001500 69.4
062 O001500 0.0
062 P001500 0.0
062 Q001500 17.4
062 R001500 0.0
063 A001500 0
063 B001500 19.9
064 A001500 N
064 B001500 N
066 A001500 N
067 001500 N
068 A001500 N
068 B001500 N
069 001500 N
070 A011500 Y
070 A021500 Y
070 B011500 N
070 B021500 N
070 C011500 N
070 C021500 N
070 D011500 N
070 D021500 N
<PAGE> PAGE 144
070 E011500 N
070 E021500 N
070 F011500 N
070 F021500 N
070 G011500 N
070 G021500 N
070 H011500 N
070 H021500 N
070 I011500 N
070 I021500 N
070 J011500 Y
070 J021500 N
070 K011500 Y
070 K021500 N
070 L011500 N
070 L021500 N
070 M011500 N
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 Y
070 O021500 N
070 P011500 Y
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 N
070 R021500 N
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071 D001500 20
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<PAGE> PAGE 145
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<PAGE> PAGE 146
008 A001601 FRANKLIN ADVISERS, INC.
008 B001601 A
008 C001601 801-26292
008 D011601 SAN MATEO
008 D021601 CA
008 D031601 94403
008 D041601 7777
015 A001601 BANK OF AMERICA, NT & SA
015 B001601 C
015 C011601 SAN FRANCISCO
015 C021601 CA
015 C031601 94104
015 C041601 1502
015 E011601 X
015 A001602 CITIBANK, N.A.
015 B001602 S
015 C011602 BUENOS AIRES
015 D011602 ARGENTINA
015 E041602 X
015 A001603 NATIONAL AUSTRALIA BANK LTD.
015 B001603 S
015 C011603 MELBOURNE
015 D011603 AUSTRALIA
015 E041603 X
015 A001604 CREDITANSTALT-BANKVEREIN
015 B001604 S
015 C011604 VIENNA
015 D011604 AUSTRIA
015 E041604 X
015 A001605 BANQUE BRUSSELS LAMBERT
015 B001605 S
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015 D011605 BELGIUM
015 E041605 X
015 A001606 THE BANK OF N.T. BUTTERFIELD & SON LTD.
015 B001606 S
015 C011606 HAMILTON
015 D011606 BERMUDA
015 E041606 X
015 A001607 CITIBANK, N.A.
015 B001607 S
015 C011607 SAO PAULO
015 D011607 BRAZIL
015 E041607 X
015 A001608 THE CANANDA TRUST COMPANY
015 B001608 S
015 C011608 TORONTO
015 D011608 CANADA
015 E041608 X
015 A001609 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001609 S
<PAGE> PAGE 147
015 C011609 SHANGHAI
015 D011609 CHINA
015 E041609 X
015 A001610 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001610 S
015 C011610 SHENZHEN
015 D011610 CHINA
015 E041610 X
015 A001611 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B001611 S
015 C011611 BOGOTA
015 D011611 COLOMBIA
015 E041611 X
015 A001612 UNIBANK
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015 C011612 COPENHAGEN
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015 E041612 X
015 A001613 KANSALLIS-OSAKE-PANKKI
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015 A001614 SOCIETE GENERALE
015 B001614 S
015 C011614 PARIS
015 D011614 FRANCE
015 E041614 X
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015 C011616 FRANKFURT
015 D011616 GERMANY
015 E041616 X
015 A001617 BARCLAYS BANK PLC
015 B001617 S
015 C011617 ATHENS
015 D011617 GREECE
015 E041617 X
015 A001618 BARCLAYS BANK PLC
015 B001618 S
015 C011618 HONG KONG
015 D011618 HONG KONG
015 E041618 X
015 A001619 CITIBANK, N.A.
015 B001619 S
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<PAGE> PAGE 148
015 D011619 HUNGARY
015 E041619 X
015 A001620 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B001620 S
015 C011620 BOMBAY
015 D011620 INDIA
015 E041620 X
015 A001621 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001621 S
015 C011621 JAKARTA
015 D011621 INDONESIA
015 E041621 X
015 A001622 BANK OF IRELAND
015 B001622 S
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015 D011622 IRELAND
015 E041622 X
015 A001623 BANK LEUMI LE ISRAEL, B.M.
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015 C011623 TEL AVIV
015 D011623 ISRAEL
015 E041623 X
015 A001624 CITIBANK, N.A.
015 B001624 S
015 C011624 MILAN
015 D011624 ITALY
015 E041624 X
015 A001625 BARCLAYS BANK PLC VIA BAR. TR & BNK CO. (JPN)
015 B001625 S
015 C011625 TOKYO
015 D011625 JAPAN
015 E041625 X
015 A001626 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001626 S
015 C011626 SEOUL
015 D011626 SOUTH KOREA
015 E041626 X
015 A001627 CEDEL S.A. (DEPOSITORY)
015 B001627 S
015 C011627 LUXEMBOURG CITY
015 D011627 LEXEMBOURG
015 E041627 X
015 A001628 BARCLAYS BANK PLC VIA UTD. MAL. BNK. CORP. BE
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015 C011628 KUALA LUMPUR
015 D011628 MALAYSIA
015 E041628 X
015 A001629 BANCO NACIONAL DE MEXICO
015 B001629 S
015 C011629 MEXICO CITY
015 D011629 MEXICO
<PAGE> PAGE 149
015 E041629 X
015 A001630 KAS-ASSOCIATIE N.V.
015 B001630 S
015 C011630 AMSTERDAM
015 D011630 NETHERLANDS
015 E041630 X
015 A001631 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B001631 S
015 C011631 WELLINGTON
015 D011631 NEW ZEALAND
015 E041631 X
015 A001632 CHRISTIANIA BANK OG KREDITKASSE
015 B001632 S
015 C011632 BERGEN
015 D011632 NORWAY
015 E041632 X
015 A001633 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B001633 S
015 C011633 KARACHI
015 D011633 PAKISTAN
015 E041633 X
015 A001634 BANCO DE CREDITO DEL PERU
015 B001634 S
015 C011634 LIMA
015 D011634 PERU
015 E041634 X
015 A001635 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001635 S
015 C011635 MANILLA
015 D011635 PHILIPINES
015 E041635 X
015 A001636 CITIBANK, N.A.
015 B001636 S
015 C011636 WARSAW
015 D011636 POLAND
015 E041636 X
015 A001637 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B001637 S
015 C011637 LISBON
015 D011637 PORTUGAL
015 E041637 X
015 A001638 BARCLAYS BANK PLC
015 B001638 S
015 C011638 SINGAPORE
015 D011638 SINGAPORE
015 E041638 X
015 A001639 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B001639 S
015 C011639 JOHANNESBURG
015 D011639 SOUTH AFRICA
015 E041639 X
<PAGE> PAGE 150
015 A001640 BANCO DE SANTANDER
015 B001640 S
015 C011640 MADRID
015 D011640 SPAIN
015 E041640 X
015 A001641 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
015 B001641 S
015 C011641 COLOMBO
015 D011641 SRI LANKA
015 E041641 X
015 A001642 SKANDINAVISKA ENSKILDA BANKEN
015 B001642 S
015 C011642 STOCKHOLM
015 D011642 SWEDEN
015 E041642 X
015 A001643 SWISS BANK CORPORATION
015 B001643 S
015 C011643 ZURICH
015 D011643 SWITZERLAND
015 E041643 X
015 A001644 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001644 S
015 C011644 TAIPEI
015 D011644 TAIWAN (ROC)
015 E041644 X
015 A001645 BARCLAYS BANK PLC VIA BANGKOK BANK LIMITED
015 B001645 S
015 C011645 BANGKOK
015 D011645 THAILAND
015 E041645 X
015 A001646 BARCLAYS BANK PLC VIA YAPI VE KRED. BNK. A.S.
015 B001646 S
015 C011646 ISTANBUL
015 D011646 TURKEY
015 E041646 X
015 A001647 THE BANK OF NEW YORK
015 B001647 S
015 C011647 LONDON
015 D011647 UNITED KINGDOM
015 E041647 X
015 A001648 CITIBANK, N.A.
015 B001648 S
015 C011648 CARACAS
015 D011648 VENEZUELA
015 E041648 X
015 A001649 STANDARD CHARTERED BANK
015 B001649 S
015 C011649 DHAKA
015 D011649 BANGLADESH
015 E041649 X
028 A011600 5891
<PAGE> PAGE 151
028 A021600 0
028 A031600 0
028 A041600 3531
028 B011600 6545
028 B021600 0
028 B031600 0
028 B041600 4239
028 C011600 9773
028 C021600 0
028 C031600 0
028 C041600 4249
028 D011600 10984
028 D021600 0
028 D031600 0
028 D041600 4885
028 E011600 14545
028 E021600 0
028 E031600 0
028 E041600 4698
028 F011600 7072
028 F021600 0
028 F031600 0
028 F041600 4795
028 G011600 54810
028 G021600 0
028 G031600 0
028 G041600 26397
028 H001600 0
045 001600 Y
046 001600 N
047 001600 Y
048 001600 0.000
048 A011600 500000
048 A021600 0.750
048 B011600 500000
048 B021600 0.625
048 C011600 0
048 C021600 0.000
048 D011600 0
048 D021600 0.000
048 E011600 0
048 E021600 0.000
048 F011600 0
048 F021600 0.000
048 G011600 0
048 G021600 0.000
048 H011600 0
048 H021600 0.000
048 I011600 0
048 I021600 0.000
048 J011600 0
<PAGE> PAGE 152
048 J021600 0.000
048 K011600 1000000
048 K021600 0.500
049 001600 N
050 001600 N
051 001600 N
052 001600 N
053 A001600 N
055 A001600 N
055 B001600 N
056 001600 N
057 001600 N
062 A001600 N
062 B001600 0.0
062 C001600 0.0
062 D001600 0.0
062 E001600 0.0
062 F001600 0.0
062 G001600 0.0
062 H001600 0.0
062 J001600 0.0
062 K001600 0.0
062 L001600 0.0
062 M001600 0.0
062 N001600 0.0
062 O001600 0.0
062 P001600 0.0
062 Q001600 0.0
062 R001600 0.0
063 A001600 0
063 B001600 0.0
066 A001600 Y
066 B001600 N
066 C001600 N
066 D001600 N
066 E001600 Y
066 F001600 N
066 G001600 N
067 001600 N
068 A001600 N
068 B001600 N
069 001600 N
070 A011600 Y
070 A021600 Y
070 B011600 Y
070 B021600 N
070 C011600 Y
070 C021600 N
070 D011600 N
070 D021600 N
070 E011600 N
<PAGE> PAGE 153
070 E021600 N
070 F011600 N
070 F021600 N
070 G011600 N
070 G021600 N
070 H011600 N
070 H021600 N
070 I011600 N
070 I021600 N
070 J011600 Y
070 J021600 N
070 K011600 N
070 K021600 N
070 L011600 Y
070 L021600 Y
070 M011600 Y
070 M021600 N
070 N011600 Y
070 N021600 N
070 O011600 Y
070 O021600 N
070 P011600 Y
070 P021600 N
070 Q011600 N
070 Q021600 N
070 R011600 N
070 R021600 N
071 A001600 109365
071 B001600 59120
071 C001600 315796
071 D001600 19
072 A001600 12
072 B001600 3950
072 C001600 9381
072 D001600 0
072 E001600 0
072 F001600 2859
072 G001600 0
072 H001600 0
072 I001600 0
072 J001600 34
072 K001600 17
072 L001600 29
072 M001600 3
072 N001600 0
072 O001600 0
072 P001600 0
072 Q001600 0
072 R001600 11
072 S001600 2
072 T001600 0
<PAGE> PAGE 154
072 U001600 0
072 V001600 0
072 W001600 8
072 X001600 2963
072 Y001600 0
072 Z001600 10368
072AA001600 6051
072BB001600 5799
072CC011600 88321
072CC021600 0
072DD011600 8064
072DD021600 0
072EE001600 0
073 A011600 0.2413
073 A021600 0.0000
073 B001600 0.0000
073 C001600 0.0000
074 A001600 0
074 B001600 34331
074 C001600 0
074 D001600 0
074 E001600 0
074 F001600 429622
074 G001600 0
074 H001600 0
074 I001600 0
074 J001600 0
074 K001600 0
074 L001600 1539
074 M001600 0
074 N001600 465492
074 O001600 1579
074 P001600 288
074 Q001600 0
074 R011600 0
074 R021600 0
074 R031600 0
074 R041600 372
074 S001600 0
074 T001600 463253
074 U011600 36589
074 U021600 0
074 V011600 12.66
074 V021600 0.00
074 W001600 0.0000
074 X001600 3
074 Y001600 0
075 A001600 0
075 B001600 381516
076 001600 0.00
008 A001701 FRANKLIN ADVISERS, INC.
<PAGE> PAGE 155
008 B001701 A
008 C001701 801-26292
008 D011701 SAN MATEO
008 D021701 CA
008 D031701 94403
008 D041701 7777
008 A001702 TEMPLETON INVESTMENT COUNSEL, INC.
008 B001702 S
008 C001702 801-15125
008 D011702 FT LAUDERDALE
008 D021702 FL
008 D031702 33394
008 D041702 3091
015 A001701 BANK OF AMERICA, NT & SA
015 B001701 C
015 C011701 SAN FRANCISCO
015 C021701 CA
015 C031701 94104
015 C041701 1502
015 E011701 X
015 A001702 CITIBANK, N.A.
015 B001702 S
015 C011702 BUENOS AIRES
015 D011702 ARGENTINA
015 E041702 X
015 A001703 NATIONAL AUSTRALIA BANK LTD.
015 B001703 S
015 C011703 MELBOURNE
015 D011703 AUSTRALIA
015 E041703 X
015 A001704 CREDITANSTALT-BANKVEREIN
015 B001704 S
015 C011704 VIENNA
015 D011704 AUSTRIA
015 E041704 X
015 A001705 STANDARD CHARTERED BANK
015 B001705 S
015 C011705 DHAKA
015 D011705 BANGLADESH
015 E041705 X
015 A001706 BANQUE BRUSSELS LAMBERT
015 B001706 S
015 C011706 BRUSSELS
015 D011706 BELGIUM
015 E041706 X
015 A001707 THE BANK OF N.T. BUTTERFIELD & SON LTD.
015 B001707 S
015 C011707 HAMILTON
015 D011707 BERMUDA
015 E041707 X
015 A001708 CITIBANK, N.A
<PAGE> PAGE 156
015 B001708 S
015 C011708 SAO PAULO
015 D011708 BRAZIL
015 E041708 X
015 A001709 THE CANADA TRUST COMPANY
015 B001709 S
015 C011709 TORONTO
015 D011709 CANADA
015 E041709 X
015 A001710 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001710 S
015 C011710 SHANGHAI
015 D011710 CHINA
015 E041710 X
015 A001711 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001711 S
015 C011711 SHENZHEN
015 D011711 CHINA
015 E041711 X
015 A001712 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCUARIA
015 B001712 S
015 C011712 SANTAFE DE BOGOTA
015 D011712 COLOMBIA
015 E041712 X
015 A001713 UNIBANK
015 B001713 S
015 C011713 COPENHAGEN
015 D011713 DENMARK
015 E041713 X
015 A001714 MARITA BANK LTD.
015 B001714 S
015 C011714 HELSINKI
015 D011714 FINLAND
015 E041714 X
015 A001715 SOCIETE GENERALE
015 B001715 S
015 C011715 PARIS
015 D011715 FRANCE
015 E041715 X
015 A001716 BANK OF AMERICA FOREIGN DIVISION - FRANKFURT
015 B001716 S
015 C011716 FRANKFURT
015 D011716 GERMANY
015 E041716 X
015 A001717 BARCLAYS BANK PLC
015 B001717 S
015 C011717 ATHENS
015 D011717 GREECE
015 E041717 X
015 A001718 BARCLAYS BANK PLC
015 B001718 S
<PAGE> PAGE 157
015 C011718 HONG KONG
015 D011718 HONG KONG
015 E041718 X
015 A001719 CITIBANK, N.A.
015 B001719 S
015 C011719 BUDAPEST
015 D011719 HUNGARY
015 E041719 X
015 A001720 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B001720 S
015 C011720 BOMBAY
015 D011720 INDIA
015 E041720 X
015 A001721 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001721 S
015 C011721 JAKARTA
015 D011721 INDONESIA
015 E041721 X
015 A001722 BANK OF IRELAND
015 B001722 S
015 C011722 DUBLIN
015 D011722 IRELAND
015 E041722 X
015 A001723 BANK LEUMI LE-ISRAEL, B.M.
015 B001723 S
015 C011723 TEL AVIV
015 D011723 ISRAEL
015 E041723 X
015 A001724 CITIBANK, N.A.
015 B001724 S
015 C011724 MILAN
015 D011724 ITALY
015 E041724 X
015 A001725 BARCLAYS BANK PLC VIA BAR. TR & BNK CO. (JPN)
015 B001725 S
015 C011725 TOKYO
015 D011725 JAPAN
015 E041725 X
015 A001726 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001726 S
015 C011726 SEOUL
015 D011726 SOUTH KOREA
015 E041726 X
015 A001727 CEDEL S.A. (DEPOSITORY)
015 B001727 S
015 C011727 LUXEMBOURG CITY
015 D011727 LUXEMBOURG
015 E041727 X
015 A001728 BARCLAYS BANK PLC VIA UTD. MAL. BNK. CORP. BE
015 B001728 S
015 C011728 KUALA LUMPUR
<PAGE> PAGE 158
015 D011728 MALAYSIA
015 E041728 X
015 A001729 DELETE
015 A001730 KAS-ASSOCIATIE N.V.
015 B001730 S
015 C011730 AMSTERDAM
015 D011730 NETHERLANDS
015 E041730 X
015 A001731 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B001731 S
015 C011731 WELLINGTON
015 D011731 NEW ZEALAND
015 E041731 X
015 A001732 CHRISTIANIA BANK OG KREDITKASSE
015 B001732 S
015 C011732 BERGEN
015 D011732 NORWAY
015 E041732 X
015 A001733 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B001733 S
015 C011733 KARACHI
015 D011733 PAKISTAN
015 E041733 X
015 A001734 BANCO DE CREDITO DEL PERU
015 B001734 S
015 C011734 LIMA
015 D011734 PERU
015 E041734 X
015 A001735 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001735 S
015 C011735 MANILA
015 D011735 PHILIPPINES
015 E041735 X
015 A001736 CITIBANK, N.A.
015 B001736 S
015 C011736 WARSAW
015 D011736 POLAND
015 E041736 X
015 A001737 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B001737 S
015 C011737 LISBON
015 D011737 PORTUGAL
015 E041737 X
015 A001738 BARCLAYS BANK PLC
015 B001738 S
015 C011738 SINGAPORE
015 D011738 SINGAPORE
015 E041738 X
015 A001739 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B001739 S
015 C011739 JOHANNESBURG
<PAGE> PAGE 159
015 D011739 SOUTH AFRICA
015 E041739 X
015 A001740 BANCO DE SANTANDER
015 B001740 S
015 C011740 MADRID
015 D011740 SPAIN
015 E041740 X
015 A001741 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
015 B001741 S
015 C011741 COLOMBO
015 D011741 SRI LANKA
015 E041741 X
015 A001742 SKANDINAVISKA ENSKILDA BANKEN
015 B001742 S
015 C011742 STOCKHOLM
015 D011742 SWEDEN
015 E041742 X
015 A001743 SWISS BANK CORPORATION
015 B001743 S
015 C011743 ZURICH
015 D011743 SWITZERLAND
015 E041743 X
015 A001744 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001744 S
015 C011744 TAIPEI
015 D011744 TAIWAN (ROC)
015 E041744 X
015 A001745 BARCLAYS BANK PLC VIA BANGKOK BANK LIMITED
015 B001745 S
015 C011745 BANGKOK
015 D011745 THAILAND
015 E041745 X
015 A001746 BARCLAYS BANK PLC VIA YAPI VE KRED. BNK. A.S.
015 B001746 S
015 C011746 ISTANBUL
015 D011746 TURKEY
015 E041746 X
015 A001747 THE BANK OF NEW YORK
015 B001747 S
015 C011747 LONDON
015 D011747 UNITED KINGDOM
015 E041747 X
015 A001748 CITIBANK, N.A.
015 B001748 S
015 C011748 CARACAS
015 D011748 VENEZUELA
015 E041748 X
015 A001749 BERLINER HANDELS-UND FRANKFURTER BANK
015 B001749 S
015 C011749 FRANKFURT
015 D011749 GERMANY
<PAGE> PAGE 160
015 E041749 X
015 A001750 THE CHASE MANHATTAN BANK, N.A.
015 B001750 S
015 C011750 BUENOS AIRES
015 D011750 ARGENTINA
015 E041750 X
015 A001751 THE CHASE MANHATTAN BANK AUSTRALIA LTD.
015 B001751 S
015 C011751 SYDNEY
015 D011751 AUSTRALIA
015 E041751 X
015 A001752 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B001752 S
015 C011752 BOGOTA
015 D011752 COLOMBIA
015 E041752 X
015 A001753 GENERALE BANK
015 B001753 S
015 C011753 BRUSSELS
015 D011753 BELGIUM
015 E041753 X
015 A001754 BARCLAYS BANK OF BOTSWANA LIMITED
015 B001754 S
015 C011754 GABORONE
015 D011754 BOTSWANA
015 E041754 X
015 A001755 BANCO CHASE MANHATTAN, S.A.
015 B001755 S
015 C011755 SAO PAULO
015 D011755 BRAZIL
015 E041755 X
015 A001756 ROYAL BANK OF CANADA
015 B001756 S
015 C011756 TORONTO
015 D011756 CANADA
015 E041756 X
015 A001757 THE CHASE MANHATTAN BANK, N.A.
015 B001757 S
015 C011757 SANTIAGO
015 D011757 CHILE
015 E041757 X
015 A001758 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001758 S
015 C011758 PRAGUE
015 D011758 CZECH REPUBLIC
015 E041758 X
015 A001759 DEN DANSKE BANK
015 B001759 S
015 C011759 COPENHAGEN
015 D011759 DENMARK
015 E041759 X
<PAGE> PAGE 161
015 A001760 NATIONAL BANK OF EGYPT
015 B001760 S
015 C011760 CAIRO
015 D011760 EGYPT
015 E041760 X
015 A001761 BANQUE PARIBAS
015 B001761 S
015 C011761 PARIS
015 D011761 FRANCE
015 E041761 X
015 A001762 CHASE BANK, A.G.
015 B001762 S
015 C011762 FRANKFURT
015 D011762 GERMANY
015 E041762 X
015 A001763 BARCLAYS BANK OF GHANA LTD.
015 B001763 S
015 C011763 ACCRA
015 D011763 GHANA
015 E041763 X
015 A001764 BANCO NACIONAL DE MEXICO
015 B001764 S
015 C011764 MEXICO CITY
015 D011764 MEXICO
015 E041764 X
015 A001765 THE CHASE MANHATTAN BANK, N.A.
015 B001765 S
015 C011765 HONG KONG
015 D011765 HONG KONG
015 E041765 X
015 A001766 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001766 S
015 C011766 BOMBAY
015 D011766 INDIA
015 E041766 X
015 A001767 DEUTSCHE BANK, A.G.
015 B001767 S
015 C011767 BOMBAY
015 D011767 INDIA
015 E041767 X
015 A001768 THE CHASE MANHATTAN BANK, N.A.
015 B001768 S
015 C011768 MILAN
015 D011768 ITALY
015 E041768 X
015 A001769 THE CHASE MANHATTAN BANK, N.A.
015 B001769 S
015 C011769 TOKYO
015 D011769 JAPAN
015 E041769 X
015 A001770 ARAB BANK, PLC
<PAGE> PAGE 162
015 B001770 S
015 C011770 AMMAN
015 D011770 JORDAN
015 E041770 X
015 A001771 THE CHASE MANHATTAN BANK, (M) BERHAD
015 B001771 S
015 C011771 KUALA LUMPUR
015 D011771 MALAYSIA
015 E041771 X
015 A001772 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001772 S
015 C011772 PORT LOUIS
015 D011772 MAURITIUS
015 E041772 X
015 A001773 CHS. MAN. BNK. MEX. SA, INST. DE BANCA MULTI.
015 B001773 S
015 C011773 MEXICO, CITY
015 D011773 MEXICO
015 E041773 X
015 A001774 BANQUE COMMERCIALE DU MAROC
015 B001774 S
015 C011774 CASABLANCA
015 D011774 MOROCCO
015 E041774 X
015 A001775 ABN-AMRO BANK N.V.
015 B001775 S
015 C011775 AMSTERDAM
015 D011775 NETHERLANDS
015 E041775 X
015 A001776 NATIONAL NOMINEES LIMITED
015 B001776 S
015 C011776 AUCKLAND
015 D011776 NEW ZEALAND
015 E041776 X
015 A001777 DEN NORSKE BANK
015 B001777 S
015 C011777 OSLO
015 D011777 NORWAY
015 E041777 X
015 A001778 CITIBANK, N.A.
015 B001778 S
015 C011778 KARACHI
015 D011778 PAKISTAN
015 E041778 X
015 A001779 DEUTSCHE BANK, A.G., KARACHI
015 B001779 S
015 C011779 KARACHI
015 D011779 PAKISTAN
015 E041779 X
015 A001780 CITIBANK, N.A.
015 B001780 S
<PAGE> PAGE 163
015 C011780 LIMA
015 D011780 PERU
015 E041780 X
015 A001781 BANK HANDLOWY W. WARZAWIE, S.A.
015 B001781 S
015 C011781 WARSAW
015 D011781 POLAND
015 E041781 X
015 A001782 THE CHASE MANHATTAN BANK, N.A.
015 B001782 S
015 C011782 SINGAPORE
015 D011782 SINGAPORE
015 E041782 X
015 A001783 THE CHASE MANHATTAN BANK, N.A.
015 B001783 S
015 C011783 MADRID
015 D011783 SPAIN
015 E041783 X
015 A001784 BANQUE BRUXELLES LAMBERT
015 B001784 S
015 C011784 MADRID
015 D011784 SPAIN
015 E041784 X
015 A001785 UNION BANK OF SWITZERLAND
015 B001785 S
015 C011785 ZURICH
015 D011785 SWITZERLAND
015 E041785 X
015 A001786 THE CHASE MANHATTAN BANK, N.A.
015 B001786 S
015 C011786 TAIPEI
015 D011786 TAIWAN (ROC)
015 E041786 X
015 A001787 THE CHASE MANHATTAN BANK, N.A.
015 B001787 S
015 C011787 BANGKOK
015 D011787 THAILAND
015 E041787 X
015 A001788 CHS. MAN. BNK. NA TAKA VE SAK. AS (TVS) (DEP)
015 B001788 S
015 C011788 ISTANBUL
015 D011788 TURKEY
015 E041788 X
015 A001789 THE CHASE MANHATTAN BANK, N.A.
015 B001789 S
015 C011789 LONDON
015 D011789 UNITED KINGDOM
015 E041789 X
015 A001790 FIRST NATIONAL BANK OF CHICAGO
015 B001790 S
015 C011790 LONDON
<PAGE> PAGE 164
015 D011790 UNITED KINGDOM
015 E041790 X
015 A001791 THE FIRST NATIONAL BANK OF BOSTON
015 B001791 S
015 C011791 MONTEVIDEO
015 D011791 URUGUAY
015 E041791 X
015 A001792 BARCLAYS BANK PLC
015 B001792 S
015 C011792 HARARE
015 D011792 ZIMBABWE
015 E041792 X
015 A001793 CITIBANK BUDAPEST RT.
015 B001793 S
015 C011793 BUDAPEST
015 D011793 HUNGARY
015 E041793 X
015 A001794 THE CHASE MANHATTAN BANK, N.A.
015 B001794 C
015 C011794 NEW YORK
015 C021794 NY
015 C031794 10081
015 E011794 X
015 A001795 BARCLAYS BANK OF KENYA LTD.
015 B001795 S
015 C011795 NAIROBI
015 D011795 KENYA
015 E041795 X
015 A001796 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001796 S
015 C011796 BRATISLAVA
015 D011796 SLOVAKIA
015 E041796 X
015 A001797 BARCLAYS BANK OF ZAMBIA LTD.
015 B001797 S
015 C011797 LUSAKA
015 D011797 ZAMBIA
015 E041797 X
015 A001798 AUSTRACLEAR NEW ZEALAND (DEPOSITORY)
015 B001798 S
015 C011798 WELLINGTON
015 D011798 NEW ZEALAND
015 E041798 X
028 A011700 2849
028 A021700 0
028 A031700 0
028 A041700 7677
028 B011700 2498
028 B021700 0
028 B031700 0
028 B041700 7109
<PAGE> PAGE 165
028 C011700 1877
028 C021700 0
028 C031700 0
028 C041700 10795
028 D011700 1849
028 D021700 0
028 D031700 0
028 D041700 8333
028 E011700 2140
028 E021700 0
028 E031700 0
028 E041700 11000
028 F011700 2714
028 F021700 0
028 F031700 0
028 F041700 3216
028 G011700 13927
028 G021700 0
028 G031700 0
028 G041700 48130
028 H001700 0
045 001700 Y
046 001700 N
047 001700 Y
048 001700 0.000
048 A011700 100000
048 A021700 1.000
048 B011700 150000
048 B021700 0.900
048 C011700 250000
048 C021700 0.800
048 D011700 0
048 D021700 0.000
048 E011700 0
048 E021700 0.000
048 F011700 0
048 F021700 0.000
048 G011700 0
048 G021700 0.000
048 H011700 0
048 H021700 0.000
048 I011700 0
048 I021700 0.000
048 J011700 0
048 J021700 0.000
048 K011700 500000
048 K021700 0.750
049 001700 N
050 001700 N
051 001700 N
052 001700 N
<PAGE> PAGE 166
053 A001700 N
055 A001700 N
055 B001700 N
056 001700 N
057 001700 N
062 A001700 N
062 B001700 0.0
062 C001700 0.0
062 D001700 0.0
062 E001700 0.0
062 F001700 0.0
062 G001700 0.0
062 H001700 0.0
062 I001700 0.0
062 J001700 0.0
062 K001700 0.0
062 L001700 0.0
062 M001700 0.0
062 N001700 0.0
062 O001700 0.0
062 P001700 0.0
062 Q001700 0.0
062 R001700 0.0
063 A001700 0
063 B001700 0.0
066 A001700 Y
066 B001700 N
066 C001700 N
066 D001700 Y
066 E001700 N
066 F001700 N
066 G001700 N
067 001700 N
068 A001700 N
068 B001700 Y
069 001700 N
070 A011700 Y
070 A021700 Y
070 B011700 Y
070 B021700 N
070 C011700 Y
070 C021700 N
070 D011700 Y
070 D021700 N
070 E011700 Y
070 E021700 N
070 F011700 Y
070 F021700 N
070 G011700 Y
070 G021700 N
070 H011700 Y
<PAGE> PAGE 167
070 H021700 N
070 I011700 Y
070 I021700 N
070 J011700 Y
070 J021700 N
070 K011700 Y
070 K021700 N
070 L011700 Y
070 L021700 Y
070 M011700 Y
070 M021700 Y
070 N011700 Y
070 N021700 N
070 O011700 Y
070 O021700 N
070 P011700 Y
070 P021700 N
070 Q011700 N
070 Q021700 N
070 R011700 N
070 R021700 N
071 A001700 112741
071 B001700 124599
071 C001700 312674
071 D001700 36
072 A001700 12
072 B001700 2047
072 C001700 8711
072 D001700 0
072 E001700 0
072 F001700 3148
072 G001700 0
072 H001700 0
072 I001700 0
072 J001700 296
072 K001700 14
072 L001700 25
072 M001700 3
072 N001700 0
072 O001700 0
072 P001700 0
072 Q001700 0
072 R001700 10
072 S001700 2
072 T001700 0
072 U001700 0
072 V001700 0
072 W001700 18
072 X001700 3516
072 Y001700 0
072 Z001700 7242
<PAGE> PAGE 168
072AA001700 17293
072BB001700 11284
072CC011700 12826
072CC021700 0
072DD011700 6625
072DD021700 0
072EE001700 2753
073 A011700 0.2578
073 A021700 0.0000
073 B001700 0.1072
073 C001700 0.0000
074 A001700 1
074 B001700 13530
074 C001700 0
074 D001700 1075
074 E001700 0
074 F001700 317489
074 G001700 0
074 H001700 0
074 I001700 49
074 J001700 1501
074 K001700 0
074 L001700 1238
074 M001700 0
074 N001700 334883
074 O001700 450
074 P001700 257
074 Q001700 0
074 R011700 0
074 R021700 0
074 R031700 0
074 R041700 2240
074 S001700 0
074 T001700 331936
074 U011700 23870
074 U021700 0
074 V011700 13.91
074 V021700 0.00
074 W001700 0.0000
074 X001700 3
074 Y001700 0
075 A001700 0
075 B001700 348728
076 001700 0.00
008 A001801 FRANKLIN ADVISERS, INC.
008 B001801 A
008 C001801 801-26292
008 D011801 SAN MATEO
008 D021801 CA
008 D031801 94403
008 D041801 7777
<PAGE> PAGE 169
008 A001802 TEMPLETON INVESTMENT COUNSEL, INC.
008 B001802 S
008 C001802 801-15125
008 D011802 FT. LAUDERDALE
008 D021802 FL
008 D031802 33394
008 D041802 3091
015 A001801 BANK OF AMERICA, NT & SA
015 B001801 C
015 C011801 SAN FRANCISCO
015 C021801 CA
015 C031801 94104
015 C041801 1502
015 E011801 X
015 A001802 BANQUE BRUXELLES LAMBERT
015 B001802 S
015 C011802 MADRID
015 D011802 SPAIN
015 E041802 X
015 A001803 CITIBANK, N.A.
015 B001803 S
015 C011803 BUENOS AIRES
015 D011803 ARGENTINA
015 E041803 X
015 A001804 NATIONAL AUSTRALIA BANK LTD.
015 B001804 S
015 C011804 MELBOURNE
015 D011804 AUSTRALIA
015 E041804 X
015 A001805 CREDITANSTALT-BANKVEREIN
015 B001805 S
015 C011805 VIENNA
015 D011805 AUSTRIA
015 E041805 X
015 A001806 STANDARD CHARTERED BANK
015 B001806 S
015 C011806 DHAKA
015 D011806 BANGLADESH
015 E041806 X
015 A001807 BANQUE BRUSSELS LAMBERT
015 B001807 S
015 C011807 BRUSSELS
015 D011807 BELGIUM
015 E041807 X
015 A001808 THE BANK OF N.T. BUTTERFIELD & SON LTD.
015 B001808 S
015 C011808 HAMILTON
015 D011808 BERMUDA
015 E041808 X
015 A001809 CITIBANK, N.A.
015 B001809 S
<PAGE> PAGE 170
015 C011809 SAO PAULO
015 D011809 BRAZIL
015 E041809 X
015 A001810 THE CANADA TRUST COMPANY
015 B001810 S
015 C011810 TORONTO
015 D011810 CANADA
015 E041810 X
015 A001811 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001811 S
015 C011811 SHANGHAI
015 D011811 CHINA
015 E041811 X
015 A001812 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001812 S
015 C011812 SHENZHEN
015 D011812 CHINA
015 E041812 X
015 A001813 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B001813 S
015 C011813 SANTAFE DE BOGOTA
015 D011813 COLOMBIA
015 E041813 X
015 A001814 UNIBANK
015 B001814 S
015 C011814 COPENHAGEN
015 D011814 DENMARK
015 E041814 X
015 A001816 SOCIETE GENERALE
015 B001816 S
015 C011816 PARIS
015 D011816 FRANCE
015 E041816 X
015 A001817 BERLINER HANDELS-UND FRANKFURTER BANK
015 B001817 S
015 C011817 FRANKFURT
015 D011817 GERMANY
015 E041817 X
015 A001818 BARCLAYS BANK PLC
015 B001818 S
015 C011818 ATHENS
015 D011818 GREECE
015 E041818 X
015 A001819 BARCLAYS BANK PLC
015 B001819 S
015 C011819 HONG KONG
015 D011819 HONG KONG
015 E041819 X
015 A001820 CITIBANK, N.A.
015 B001820 S
015 C011820 BUDAPEST
<PAGE> PAGE 171
015 D011820 HUNGARY
015 E041820 X
015 A001821 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B001821 S
015 C011821 BOMBAY
015 D011821 INDIA
015 E041821 X
015 A001822 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001822 S
015 C011822 JAKARTA
015 D011822 INDONESIA
015 E041822 X
015 A001823 BANK OF IRELAND
015 B001823 S
015 C011823 DUBLIN
015 D011823 IRELAND
015 E041823 X
015 A001824 BANK LEUMI LE-ISRAEL, B.M.
015 B001824 S
015 C011824 TEL AVIV
015 D011824 ISRAEL
015 E041824 X
015 A001825 CITIBANK, N.A.
015 B001825 S
015 C011825 MILAN
015 D011825 ITALY
015 E041825 X
015 A001826 BARCLAYS BANK PLC VIA BAR. TR & BNK CO. (JPN)
015 B001826 S
015 C011826 TOKYO
015 D011826 JAPAN
015 E041826 X
015 A001827 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001827 S
015 C011827 SEOUL
015 D011827 SOUTH KOREA
015 E041827 X
015 A001828 CEDEL S.A. (DEPOSITORY)
015 B001828 S
015 C011828 LUXEMBOURG CITY
015 D011828 LUXEMBOURG
015 E041828 X
015 A001829 BARCLAYS BANK PLC VIA UTD. MAL. BNK. CORP. BE
015 B001829 S
015 C011829 KUALA LUMPUR
015 D011829 MALAYSIA
015 E041829 X
015 A001830 BANCO NACIONAL DE MEXICO
015 B001830 S
015 C011830 MEXICO CITY
015 D011830 MEXICO
<PAGE> PAGE 172
015 E041830 X
015 A001831 KAS-ASSOCIATIE N.V.
015 B001831 S
015 C011831 AMSTERDAM
015 D011831 NETHERLANDS
015 E041831 X
015 A001832 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B001832 S
015 C011832 WELLINGTON
015 D011832 NEW ZEALAND
015 E041832 X
015 A001833 CHRISTIANIA BANK OG KREDITKASSE
015 B001833 S
015 C011833 BERGEN
015 D011833 NORWAY
015 E041833 X
015 A001834 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B001834 S
015 C011834 KARACHI
015 D011834 PAKISTAN
015 E041834 X
015 A001835 BANCO DE CREDITO DEL PERU
015 B001835 S
015 C011835 LIMA
015 D011835 PERU
015 E041835 X
015 A001836 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001836 S
015 C011836 MANILA
015 D011836 PHILIPPINES
015 E041836 X
015 A001837 CITIBANK, N.A.
015 B001837 S
015 C011837 WARSAW
015 D011837 POLAND
015 E041837 X
015 A001838 BANCO ESPIRITO SANTO E COMERICAL DE LISBOA
015 B001838 S
015 C011838 LISBON
015 D011838 PORTUGAL
015 E041838 X
015 A001839 BARCLAYS BANK PLC
015 B001839 S
015 C011839 SINGAPORE
015 D011839 SINGAPORE
015 E041839 X
015 A001840 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B001840 S
015 C011840 JOHANNESBURG
015 D011840 SOUTH AFRICA
015 E041840 X
<PAGE> PAGE 173
015 A001841 BANCO DE SANTANDER
015 B001841 S
015 C011841 MADRID
015 D011841 SPAIN
015 E041841 X
015 A001842 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
015 B001842 S
015 C011842 COLOMBO
015 D011842 SRI LANKA
015 E041842 X
015 A001843 SKANDINAVISKA ENSKILDA BANKEN
015 B001843 S
015 C011843 STOCKHOLM
015 D011843 SWEDEN
015 E041843 X
015 A001844 SWISS BANK CORPORATION
015 B001844 S
015 C011844 ZURICH
015 D011844 SWITZERLAND
015 E041844 X
015 A001845 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001845 S
015 C011845 TAIPEI
015 D011845 TAIWAN (ROC)
015 E041845 X
015 A001846 BARCLAYS BANK PLC VIA BANGKOK BANK LIMITED
015 B001846 S
015 C011846 BANGKOK
015 D011846 THAILAND
015 E041846 X
015 A001847 BARCLAYS BANK PLC VIA YAPI VE KRED. BNK. A.S.
015 B001847 S
015 C011847 ISTANBUL
015 D011847 TURKEY
015 E041847 X
015 A001848 THE BANK OF NEW YORK
015 B001848 S
015 C011848 LONDON
015 D011848 UNITED KINGDOM
015 E041848 X
015 A001849 CITIBANK, N.A.
015 B001849 S
015 C011849 CARACAS
015 D011849 VENEZUELA
015 E041849 X
015 A001850 THE CHASE MANHATTAN BANK, N.A.
015 B001850 S
015 C011850 BUENOS AIRES
015 D011850 ARGENTINA
015 E041850 X
015 A001851 THE CHASE MANHATTAN BANK AUSTRALIA LTD.
<PAGE> PAGE 174
015 B001851 S
015 C011851 SYDNEY
015 D011851 AUSTRALIA
015 E041851 X
015 A001852 GENERALE BANK
015 B001852 S
015 C011852 BRUSSELS
015 D011852 BELGIUM
015 E041852 X
015 A001853 BARCLAYS BANK OF BOTSWANA LIMITED
015 B001853 S
015 C011853 GABORONE
015 D011853 BOTSWANA
015 E041853 X
015 A001854 BANCO CHASE MANHATTAN, S.A.
015 B001854 S
015 C011854 SAO PAULO
015 D011854 BRAZIL
015 E041854 X
015 A001855 BANK OF AMERICA FOREIGN DIVISION - FRANKFURT
015 B001855 S
015 C011855 FRANKFURT
015 D011855 GERMANY
015 E041855 X
015 A001857 ROYAL BANK OF CANADA
015 B001857 S
015 C011857 TORONTO
015 D011857 CANADA
015 E041857 X
015 A001858 THE CHASE MANHATTAN BANK, N.A.
015 B001858 S
015 C011858 SANTIAGO
015 D011858 CHILE
015 E041858 X
015 A001859 UNION BANK OF SWITZERLAND
015 B001859 S
015 C011859 ZURICH
015 D011859 SWITZERLAND
015 E041859 X
015 A001860 THE CHASE MANHATTAN BANK, N.A.
015 B001860 S
015 C011860 TAIPEI
015 D011860 TAIWAN (ROC)
015 E041860 X
015 A001861 THE CHASE MANHATTAN BANK, N.A.
015 B001861 S
015 C011861 BANGKOK
015 D011861 THAILAND
015 E041861 X
015 A001862 CHS. MAN. CNK. NA TAKA VE SAK. AS (TVS) (DEP)
015 B001862 S
<PAGE> PAGE 175
015 C011862 ISTANBUL
015 D011862 TURKEY
015 E041862 X
015 A001863 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001863 S
015 C011863 PRAGUE
015 D011863 CZECH REPUBLIC
015 E041863 X
015 A001864 DEN DANSKE BANK
015 B001864 S
015 C011864 COPENHAGEN
015 D011864 DENMARK
015 E041864 X
015 A001865 NATIONAL BANK OF EGYPT
015 B001865 S
015 C011865 CAIRO
015 D011865 EGYPT
015 E041865 X
015 A001866 MARITA BANK LTD.
015 B001866 S
015 C011866 HELSINKI
015 D011866 FINLAND
015 E041866 X
015 A001867 BANQUE PARIBAS
015 B001867 S
015 C011867 PARIS
015 D011867 FRANCE
015 E041867 X
015 A001868 CHASE BANK, A.G.
015 B001868 S
015 C011868 FRANKFURT
015 D011868 GERMANY
015 E041868 X
015 A001869 BARCLAYS BANK OF GHANA LTD.
015 B001869 S
015 C011869 ACCRA
015 D011869 GHANA
015 E041869 X
015 A001870 THE CHASE MANHATTAN BANK, N.A.
015 B001870 S
015 C011870 LONDON
015 D011870 UNITED KINGDOM
015 E041870 X
015 A001871 THE CHASE MANHATTAN BANK, N.A.
015 B001871 S
015 C011871 HONG KONG
015 D011871 HONG KONG
015 E041871 X
015 A001872 CITIBANK BUDAPEST RT.
015 B001872 S
015 C011872 BUDAPEST
<PAGE> PAGE 176
015 D011872 HUNGARY
015 E041872 X
015 A001873 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001873 S
015 C011873 BOMBAY
015 D011873 INDIA
015 E041873 X
015 A001874 DEUTSCHE BANK, A.G., BOMBAY
015 B001874 S
015 C011874 BOMBAY
015 D011874 INDIA
015 E041874 X
015 A001875 FIRST NATIONAL BANK OF CHICAGO
015 B001875 S
015 C011875 LONDON
015 D011875 UNITED KINGDOM
015 E041875 X
015 A001876 THE FIRST NATIONAL BANK OF BOSTON
015 B001876 S
015 C011876 MONTEVIDEO
015 D011876 URUGUAY
015 E041876 X
015 A001877 BARCLAYS BANK PLC
015 B001877 S
015 C011877 HARARE
015 D011877 ZIMBABWE
015 E041877 X
015 A001878 THE CHASE MANHATTAN BANK, N.A.
015 B001878 S
015 C011878 MILAN
015 D011878 ITALY
015 E041878 X
015 A001879 THE CHASE MANHATTAN BANK, N.A.
015 B001879 S
015 C011879 TOKYO
015 D011879 JAPAN
015 E041879 X
015 A001880 ARAB BANK, PLC
015 B001880 S
015 C011880 AMMAN
015 D011880 JORDAN
015 E041880 X
015 A001881 THE CHASE MANHATTAN BANK, (M) BERHAD
015 B001881 S
015 C011881 KUALA LUMPUR
015 D011881 MALAYSIA
015 E041881 X
015 A001882 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001882 S
015 C011882 PORT LOUIS
015 D011882 MAURITIUS
<PAGE> PAGE 177
015 E041882 X
015 A001883 CHS. MAN. BNK. MEX. SA, INST. DE BANCA MULTI.
015 B001883 S
015 C011883 MEXICO CITY
015 D011883 MEXICO
015 E041883 X
015 A001884 BARCLAYS BANK OF ZAMBIA LTD.
015 B001884 S
015 C011884 LUSAKA
015 D011884 ZAMBIA
015 E041884 X
015 A001885 ABN-AMRO BANK N.V.
015 B001885 S
015 C011885 AMSTERDAM
015 D011885 NETHERLANDS
015 E041885 X
015 A001886 NATIONAL NOMINEES LIMITED
015 B001886 S
015 C011886 AUCKLAND
015 D011886 NEW ZEALAND
015 E041886 X
015 A001887 DEN NORSKE BANK
015 B001887 S
015 C011887 OSLO
015 D011887 NORWAY
015 E041887 X
015 A001888 CITIBANK, N.A.,
015 B001888 S
015 C011888 KARACHI
015 D011888 PAKISTAN
015 E041888 X
015 A001889 DEUTSCHE BANK, A.G., KARACHI
015 B001889 S
015 C011889 KARACHI
015 D011889 PAKISTAN
015 E041889 X
015 A001890 CITIBANK, N.A.
015 B001890 S
015 C011890 LIMA
015 D011890 PERU
015 E041890 X
015 A001891 BANK HANDLOWY W. WARZAWIE, S.A.
015 B001891 S
015 C011891 WARSAW
015 D011891 POLAND
015 E041891 X
015 A001892 THE CHASE MANHATTAN BANK, N.A.
015 B001892 S
015 C011892 SINGAPORE
015 D011892 SINGAPORE
015 E041892 X
<PAGE> PAGE 178
015 A001893 THE CHASE MANHATTAN BANK, N.A.
015 B001893 S
015 C011893 MADRID
015 D011893 SPAIN
015 E041893 X
015 A001894 BANQUE COMERCIALE DU MAROC
015 B001894 S
015 C011894 CASABLANCA
015 D011894 MOROCCO
015 E041894 X
015 A001895 THE CHASE MANHATTAN BANK, N.A.
015 B001895 C
015 C011895 NEW YORK
015 C021895 NY
015 C031895 10081
015 E011895 X
015 A001896 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B001896 S
015 C011896 BOGOTA
015 D011896 COLOMBIA
015 E041896 X
015 A001897 AUSTRACLEAR NEW ZEALAND (DEPOSITORY)
015 B001897 S
015 C011897 WELLINGTON
015 D011897 NEW ZEALAND
015 E041897 X
015 A001898 BARCLAYS BANK OF KENYA LTD.
015 B001898 S
015 C011898 NAIROBI
015 D011898 KENYA
015 E041898 X
015 A001899 CESKOSLOVENSKA OBCHODNI BAKA, A.S.
015 B001899 S
015 C011899 BRATISLAVA
015 D011899 SLOVAKIA
015 E041899 X
028 A011800 20846
028 A021800 0
028 A031800 0
028 A041800 7723
028 B011800 17213
028 B021800 0
028 B031800 0
028 B041800 8766
028 C011800 7915
028 C021800 0
028 C031800 0
028 C041800 15865
028 D011800 7859
028 D021800 0
028 D031800 0
<PAGE> PAGE 179
028 D041800 20396
028 E011800 15352
028 E021800 0
028 E031800 0
028 E041800 7705
028 F011800 7470
028 F021800 0
028 F031800 0
028 F041800 10159
028 G011800 76655
028 G021800 0
028 G031800 0
028 G041800 70614
028 H001800 0
045 001800 Y
046 001800 N
047 001800 Y
048 001800 0.000
048 A011800 100000
048 A021800 1.000
048 B011800 150000
048 B021800 0.900
048 C011800 250000
048 C021800 0.800
048 D011800 0
048 D021800 0.000
048 E011800 0
048 E021800 0.000
048 F011800 0
048 F021800 0.000
048 G011800 0
048 G021800 0.000
048 H011800 0
048 H021800 0.000
048 I011800 0
048 I021800 0.000
048 J011800 0
048 J021800 0.000
048 K011800 500000
048 K021800 0.750
049 001800 N
050 001800 N
051 001800 N
052 001800 N
053 A001800 N
055 A001800 N
055 B001800 N
056 001800 N
057 001800 N
062 A001800 N
062 B001800 0.0
<PAGE> PAGE 180
062 C001800 0.0
062 D001800 0.0
062 E001800 0.0
062 F001800 0.0
062 G001800 0.0
062 H001800 0.0
062 I001800 0.0
062 J001800 0.0
062 K001800 0.0
062 L001800 0.0
062 M001800 0.0
062 N001800 0.0
062 O001800 0.0
062 P001800 0.0
062 Q001800 0.0
062 R001800 0.0
066 A001800 Y
066 B001800 N
066 C001800 N
066 D001800 Y
066 E001800 N
066 F001800 N
066 G001800 N
067 001800 N
068 A001800 N
068 B001800 Y
069 001800 N
070 A011800 Y
070 A021800 Y
070 B011800 Y
070 B021800 N
070 C011800 Y
070 C021800 N
070 D011800 Y
070 D021800 N
070 E011800 Y
070 E021800 N
070 F011800 Y
070 F021800 N
070 G011800 Y
070 G021800 N
070 H011800 Y
070 H021800 N
070 I011800 N
070 I021800 N
070 J011800 Y
070 J021800 N
070 K011800 Y
070 K021800 N
070 L011800 Y
070 L021800 Y
<PAGE> PAGE 181
070 M011800 Y
070 M021800 Y
070 N011800 Y
070 N021800 N
070 O011800 Y
070 O021800 N
070 P011800 Y
070 P021800 N
070 Q011800 N
070 Q021800 N
070 R011800 N
070 R021800 N
071 A001800 164308
071 B001800 124248
071 C001800 756743
071 D001800 16
072 A001800 12
072 B001800 9918
072 C001800 21045
072 D001800 0
072 E001800 0
072 F001800 6748
072 G001800 0
072 H001800 0
072 I001800 0
072 J001800 581
072 K001800 37
072 L001800 60
072 M001800 7
072 N001800 0
072 O001800 0
072 P001800 0
072 Q001800 0
072 R001800 22
072 S001800 7
072 T001800 0
072 U001800 0
072 V001800 0
072 W001800 42
072 X001800 7504
072 Y001800 0
072 Z001800 23459
072AA001800 39826
072BB001800 8841
072CC011800 26565
072CC021800 0
072DD011800 13634
072DD021800 0
072EE001800 16891
073 A011800 0.2230
073 A021800 0.0000
<PAGE> PAGE 182
073 B001800 0.2763
073 C001800 0.0000
074 A001800 0
074 B001800 58064
074 C001800 53525
074 D001800 55483
074 E001800 407
074 F001800 674083
074 G001800 0
074 H001800 0
074 I001800 0
074 J001800 7601
074 K001800 0
074 L001800 4769
074 M001800 0
074 N001800 853932
074 O001800 1525
074 P001800 596
074 Q001800 0
074 R011800 0
074 R021800 0
074 R031800 0
074 R041800 1694
074 S001800 0
074 T001800 850117
074 U011800 63801
074 U021800 0
074 V011800 13.32
074 V021800 0.00
074 W001800 0.0000
074 X001800 3
074 Y001800 0
075 A001800 0
075 B001800 817413
076 001800 0.00
008 A001901 TEMPLETON INVESTMENT MGMT (SINGAPORE) PTE LTD
008 B001901 A
008 C001901 801-46997
008 D011901 SINGAPORE
008 D051901 SINGAPORE
015 A001901 THE CHASE MANHATTAN BANK, N.A.
015 B001901 C
015 C011901 NEW YORK
015 C021901 NY
015 C031901 10081
015 E011901 X
015 A001902 THE CHASE MANHATTAN BANK, N.A.
015 B001902 S
015 C011902 BUENOS AIRES
015 D011902 ARGENTINA
015 E041902 X
<PAGE> PAGE 183
015 A001903 THE CHASE MANHATTAN BANK AUSTRALIA LTD.
015 B001903 S
015 C011903 SYDNEY
015 D011903 AUSTRALIA
015 E041903 X
015 A001904 CREDITANSTALT-BANKVEREIN
015 B001904 S
015 C011904 VIENNA
015 D011904 AUSTRIA
015 E041904 X
015 A001905 STANDARD CHARTERED BANK
015 B001905 S
015 C011905 DHAKA
015 D011905 BANGLADESH
015 E041905 X
015 A001906 GENERALE BANK
015 B001906 S
015 C011906 BRUSSELS
015 D011906 BELGIUM
015 E041906 X
015 A001907 ROYAL BANK OF CANADA
015 B001907 S
015 C011907 TORONTO
015 D011907 CANADA
015 D021907 M5J 2J5
015 E041907 X
015 A001908 THE CANADA TRUST COMPANY
015 B001908 S
015 C011908 TORONTO
015 D011908 CANADA
015 D021908 M5J 2T2
015 E041908 X
015 A001909 BANQUE BRUXELLES LAMBERT
015 B001909 S
015 C011909 MADRID
015 D011909 SPAIN
015 E041909 X
015 A001910 DEUTSCHE BANK, A.G., KARACHI
015 B001910 S
015 C011910 KARACHI
015 D011910 PAKISTAN
015 E041910 X
015 A001911 BANCO NACIONAL DE MEXICO
015 B001911 S
015 C011911 MEXICO CITY
015 D011911 MEXICO
015 E041911 X
015 A001912 DEN DANSKE BANK
015 B001912 S
015 C011912 COPENHAGEN
015 D011912 DENMARK
<PAGE> PAGE 184
015 E041912 X
015 A001913 BARCLAYS BANK OF BOTSWANA LIMITED
015 B001913 S
015 C011913 GABORONE
015 D011913 BOTSWANA
015 E041913 X
015 A001914 MARITA BANK LTD.
015 B001914 S
015 C011914 HELSINKI
015 D011914 FINLAND
015 E041914 X
015 A001915 BANQUE PARIBAS
015 B001915 S
015 C011915 PARIS
015 D011915 FRANCE
015 E041915 X
015 A001916 CHASE BANK, A.G.
015 B001916 S
015 C011916 FRANKFURT
015 D011916 GERMANY
015 E041916 X
015 A001917 BARCLAYS BANK PLC
015 B001917 S
015 C011917 ATHENS
015 D011917 GREECE
015 D021917 10562
015 E041917 X
015 A001918 THE CHASE MANHATTAN BANK, N.A.
015 B001918 S
015 C011918 HONG KONG
015 D011918 HONG KONG
015 E041918 X
015 A001919 CITIBANK BUDAPEST RT.
015 B001919 S
015 C011919 BUDAPEST
015 D011919 HUNGARY
015 D021919 1052
015 E041919 X
015 A001921 THE HONGKONG & SHANGHAI BANKING CORP., LTD.
015 B001921 S
015 C011921 JAKARTA
015 D011921 INDONESIA
015 D021921 10023
015 E041921 X
015 A001922 BANK OF IRELAND
015 B001922 S
015 C011922 DUBLIN
015 D011922 IRELAND
015 E041922 X
015 A001923 BANK LEUMI LE-ISRAEL, B.M.
015 B001923 S
<PAGE> PAGE 185
015 C011923 TEL AVIV
015 D011923 ISRAEL
015 D021923 65136
015 E041923 X
015 A001924 THE CHASE MANHATTAN BANK, N.A.
015 B001924 S
015 C011924 MILAN
015 D011924 ITALY
015 D021924 20121
015 E041924 X
015 A001925 THE CHASE MANHATTAN BANK, N.A.
015 B001925 S
015 C011925 TOKYO
015 D011925 JAPAN
015 D021925 100
015 E041925 X
015 A001926 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001926 S
015 C011926 BOMBAY
015 D011926 INDIA
015 E041926 X
015 A001927 DEUTSCHE BANK, A.G., BOMBAY
015 B001927 S
015 C011927 BOMBAY
015 D011927 INDIA
015 E041927 X
015 A001928 THE CHASE MANHATTAN BANK, N.A.
015 B001928 S
015 C011928 TAIPEI
015 D011928 TAIWAN (ROC)
015 E041928 X
015 A001929 THE CHASE MANHATTAN BANK, (M) BERHAD
015 B001929 S
015 C011929 KUALA LUMPUR
015 D011929 MALAYSIA
015 D021929 50250
015 E041929 X
015 A001930 CHS. MAN. BNK. MEX. SA, INST. DE BANCA MULTI.
015 B001930 S
015 C011930 MEXICO CITY
015 D011930 MEXICO
015 D021930 11000
015 E041930 X
015 A001931 BANQUE COMMERCIALE DU MAROC
015 B001931 S
015 C011931 CASABLANCA
015 D011931 MOROCCO
015 E041931 X
015 A001932 ABN-AMRO BANK N.V.
015 B001932 S
015 C011932 AMSTERDAM
<PAGE> PAGE 186
015 D011932 NETHERLANDS
015 D021932 4800
015 E041932 X
015 A001933 NATIONAL NOMINEES LTD.
015 B001933 S
015 C011933 AUCKLAND
015 D011933 NEW ZEALAND
015 E041933 X
015 A001934 DEN NORSKE BANK
015 B001934 S
015 C011934 OSLO
015 D011934 NORWAY
015 E041934 X
015 A001935 CITIBANK, N.A.
015 B001935 S
015 C011935 LIMA
015 D011935 PERU
015 E041935 X
015 A001937 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001937 S
015 C011937 MANILA
015 D011937 PHILIPPINES
015 E041937 X
015 A001938 ARAB BANK, PLC
015 B001938 S
015 C011938 AMMAN
015 D011938 JORDAN
015 E041938 X
015 A001939 THE CHASE MANHATTAN BANK, N.A.
015 B001939 S
015 C011939 SANTIAGO
015 D011939 CHILE
015 E041939 X
015 A001940 BANCO CHASE MANHATTAN, S.A.
015 B001940 S
015 C011940 SAO PAULO
015 D011940 BRAZIL
015 E041940 X
015 A001941 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001941 S
015 C011941 SHANGHAI
015 D011941 CHINA
015 E041941 X
015 A001942 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001942 S
015 C011942 SHENZHEN
015 D011942 CHINA
015 E041942 X
015 A001943 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B001943 S
015 C011943 SANTAFE DE BOGOTA
<PAGE> PAGE 187
015 D011943 COLOMBIA
015 E041943 X
015 A001944 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001944 S
015 C011944 PRAGUE
015 D011944 CZECH REPUBLIC
015 E041944 X
015 A001945 BARCLAYS BANK OF GHANA LTD.
015 B001945 S
015 C011945 ACCRA
015 D011945 GHANA
015 E041945 X
015 A001946 NATIONAL BANK OF EGYPT
015 B001946 S
015 C011946 CAIRO
015 D011946 EGYPT
015 E041946 X
015 A001947 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001947 S
015 C011947 SEOUL
015 D011947 SOUTH KOREA
015 E041947 X
015 A001948 CEDEL S.A. (DEPOSITORY)
015 B001948 S
015 C011948 LUXEMBOURG CITY
015 D011948 LUXEMBOURG
015 E041948 X
015 A001949 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B001949 S
015 C011949 PORT LOUIS
015 D011949 MAURITIUS
015 E041949 X
015 A001950 CITIBANK, N.A.
015 B001950 S
015 C011950 KARACHI
015 D011950 PAKISTAN
015 E041950 X
015 A001951 BANK HANDLOWY W. WARZAWIE, S.A.
015 B001951 S
015 C011951 WARSAW
015 D011951 POLAND
015 E041951 X
015 A001952 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B001952 S
015 C011952 LISBON
015 D011952 PORTUGAL
015 E041952 X
015 A001953 THE CHASE MANHATTAN BANK, N.A.
015 B001953 S
015 C011953 SINGAPORE
015 D011953 SINGAPORE
<PAGE> PAGE 188
015 E041953 X
015 A001954 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B001954 S
015 C011954 JOHANNESBURG
015 D011954 SOUTH AFRICA
015 E041954 X
015 A001955 THE CHASE MANHATTAN BANK, N.A.
015 B001955 S
015 C011955 MADRID
015 D011955 SPAIN
015 E041955 X
015 A001956 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
015 B001956 S
015 C011956 COLOMBO
015 D011956 SRI LANKA
015 E041956 X
015 A001957 DELETE
015 A001959 DELETE
015 A001960 DELETE
015 A001961 DELETE
015 A001962 DELETE
015 A001963 DELETE
015 A001964 DELETE
015 A001965 DELETE
015 A001966 SKANDINAVISKA ENSKILDA BANKEN
015 B001966 S
015 C011966 STOCKHOLM
015 D011966 SWEDEN
015 D021966 S-106 40
015 E041966 X
015 A001967 UNION BANK OF SWITZERLAND
015 B001967 S
015 C011967 ZURICH
015 D011967 SWITZERLAND
015 D021967 8021
015 E041967 X
015 A001968 THE CHASE MANHATTAN BANK, N.A.
015 B001968 S
015 C011968 BANGKOK
015 D011968 THAILAND
015 D021968 10500
015 E041968 X
015 A001969 CHS. MAN. BNK. NA TAKA VE SAK. AS (TVS) (DEP)
015 B001969 S
015 C011969 ISTANBUL
015 D011969 TURKEY
015 E041969 X
015 A001970 THE FIRST NATIONAL BANK OF BOSTON
015 B001970 S
015 C011970 MONTEVIDEO
015 D011970 URUGUAY
<PAGE> PAGE 189
015 E041970 X
015 A001971 DELETE
015 A001972 DELETE
015 A001973 DELETE
015 A001974 DELETE
015 A001975 DELETE
015 A001976 DELETE
015 A001977 DELETE
015 A001978 CITIBANK, N.A.
015 B001978 S
015 C011978 CARACAS
015 D011978 VENEZUELA
015 D021978 1010
015 E041978 X
015 A001979 BARCLAYS BANK PLC
015 B001979 S
015 C011979 HARARE
015 D011979 ZIMBABWE
015 E041979 X
015 A001980 DELETE
015 A001981 DELETE
015 A001982 DELETE
015 A001983 DELETE
015 A001984 DELETE
015 A001985 BARCLAYS BANK OF KENYA LTD.
015 B001985 S
015 C011985 NAIROBI
015 D011985 KENYA
015 E041985 X
015 A001986 CESKOSLOVENSKA OBCHODNIA BANKA, A.S.
015 B001986 S
015 C011986 BRATISLAVA
015 D011986 SLOVAKIA
015 E041986 X
015 A001987 BARCLAYS BANK OF ZAMBIA
015 B001987 S
015 C011987 LUSAKA
015 D011987 ZAMBIA
015 E041987 X
015 A001988 AUSTRACLEAR NEW ZEALAND (DEPOSITORY)
015 B001988 S
015 C011988 WELLINGTON
015 D011988 NEW ZEALAND
015 E041988 X
028 A011900 13531
028 A021900 0
028 A031900 0
028 A041900 1083
028 B011900 5229
028 B021900 0
028 B031900 0
<PAGE> PAGE 190
028 B041900 1140
028 C011900 5107
028 C021900 0
028 C031900 0
028 C041900 1035
028 D011900 3301
028 D021900 0
028 D031900 0
028 D041900 6330
028 E011900 8288
028 E021900 0
028 E031900 0
028 E041900 865
028 F011900 3548
028 F021900 0
028 F031900 0
028 F041900 1132
028 G011900 39004
028 G021900 0
028 G031900 0
028 G041900 11585
028 H001900 0
045 001900 Y
046 001900 N
047 001900 Y
048 001900 1.250
048 A011900 0
048 A021900 0.000
048 B011900 0
048 B021900 0.000
048 C011900 0
048 C021900 0.000
048 D011900 0
048 D021900 0.000
048 E011900 0
048 E021900 0.000
048 F011900 0
048 F021900 0.000
048 G011900 0
048 G021900 0.000
048 H011900 0
048 H021900 0.000
048 I011900 0
048 I021900 0.000
048 J011900 0
048 J021900 0.000
048 K011900 0
048 K021900 0.000
049 001900 N
050 001900 N
051 001900 N
<PAGE> PAGE 191
052 001900 N
053 A001900 N
055 A001900 N
055 B001900 N
056 001900 Y
057 001900 N
062 A001900 N
062 B001900 0.0
062 C001900 0.0
062 D001900 0.0
062 E001900 0.0
062 F001900 0.0
062 G001900 0.0
062 H001900 0.0
062 I001900 0.0
062 J001900 0.0
062 K001900 0.0
062 L001900 0.0
062 M001900 0.0
062 N001900 0.0
062 O001900 0.0
062 P001900 0.0
062 Q001900 0.0
062 R001900 0.0
063 A001900 0
063 B001900 0.0
066 A001900 Y
066 B001900 N
066 C001900 Y
066 D001900 N
066 E001900 N
066 F001900 N
066 G001900 N
067 001900 N
068 A001900 N
068 B001900 Y
069 001900 N
070 A011900 Y
070 A021900 N
070 B011900 Y
070 B021900 N
070 C011900 Y
070 C021900 N
070 D011900 Y
070 D021900 N
070 E011900 Y
070 E021900 N
070 F011900 Y
070 F021900 N
070 G011900 Y
070 G021900 N
<PAGE> PAGE 192
070 H011900 Y
070 H021900 N
070 I011900 Y
070 I021900 N
070 J011900 Y
070 J021900 N
070 K011900 Y
070 K021900 N
070 L011900 Y
070 L021900 Y
070 M011900 Y
070 M021900 Y
070 N011900 Y
070 N021900 N
070 O011900 Y
070 O021900 N
070 P011900 Y
070 P021900 N
070 Q011900 Y
070 Q021900 N
070 R011900 N
070 R021900 N
071 A001900 90356
071 B001900 21584
071 C001900 108157
071 D001900 20
072 A001900 12
072 B001900 1212
072 C001900 3263
072 D001900 0
072 E001900 0
072 F001900 1637
072 G001900 0
072 H001900 0
072 I001900 0
072 J001900 195
072 K001900 1
072 L001900 8
072 M001900 0
072 N001900 0
072 O001900 0
072 P001900 0
072 Q001900 0
072 R001900 0
072 S001900 0
072 T001900 0
072 U001900 0
072 V001900 0
072 W001900 1
072 X001900 1842
072 Y001900 0
<PAGE> PAGE 193
072 Z001900 2633
072AA001900 5165
072BB001900 1929
072CC011900 0
072CC021900 2382
072DD011900 490
072DD021900 0
072EE001900 115
073 A011900 0.0366
073 A021900 0.0000
073 B001900 0.0086
073 C001900 0.0000
074 A001900 0
074 B001900 0
074 C001900 21118
074 D001900 0
074 E001900 10956
074 F001900 126337
074 G001900 0
074 H001900 0
074 I001900 77
074 J001900 0
074 K001900 0
074 L001900 302
074 M001900 0
074 N001900 158790
074 O001900 411
074 P001900 165
074 Q001900 0
074 R011900 0
074 R021900 0
074 R031900 0
074 R041900 130
074 S001900 0
074 T001900 158084
074 U011900 16158
074 U021900 0
074 V011900 9.78
074 V021900 0.00
074 W001900 0.0000
074 X001900 3
074 Y001900 0
075 A001900 0
075 B001900 130963
076 001900 0.00
008 A002001 TEMPLETON GALBRAITH & HANSBURGER LTD
008 B002001 A
008 C002001 801-42343
008 D012001 NASSAU
008 D052001 BAHAMAS
015 A002001 THE CHASE MANHATTAN BANK, N.A.
<PAGE> PAGE 194
015 B002001 C
015 C012001 NEW YORK
015 C022001 NY
015 C032001 10081
015 E012001 X
015 A002002 THE CHASE MANHATTAN BANK, N.A.
015 B002002 S
015 C012002 BUENOS AIRES
015 D012002 ARGENTINA
015 E042002 X
015 A002003 BARCLAYS BANK OF BOTSWANA LIMITED
015 B002003 S
015 C012003 GABORONE
015 D012003 BOTSWANA
015 E042003 X
015 A002004 THE CHASE MANHATTAN BANK AUSTRALIA LTD.
015 B002004 S
015 C012004 SYDNEY
015 D012004 AUSTRALIA
015 E042004 X
015 A002005 CREDITANSTALT - BANKVEREIN
015 B002005 S
015 C012005 VIENNA
015 D012005 AUSTRIA
015 E042005 X
015 A002006 STANDARD CHARTERED BANK
015 B002006 S
015 C012006 DHAKA
015 D012006 BANGLADESH
015 E042006 X
015 A002007 GENERALE BANK
015 B002007 S
015 C012007 BRUSSELS
015 D012007 BELGIUM
015 E042007 X
015 A002008 BANCO CHASE MANHATTAN, S.A.
015 B002008 S
015 C012008 SAO PAULO
015 D012008 BRAZIL
015 E042008 X
015 A002009 ROYAL BANK OF CANADA
015 B002009 S
015 C012009 TORONTO
015 D012009 CANADA
015 E042009 X
015 A002010 THE CANADA TRUST COMPANY
015 B002010 S
015 C012010 TORONTO
015 D012010 CANADA
015 E042010 X
015 A002011 THE CHASE MANHATTAN BANK, N.A.
<PAGE> PAGE 195
015 B002011 S
015 C012011 SANTIAGO
015 D012011 CHILE
015 E042011 X
015 A002012 CITITRUST COLOMBIA S.A.SOCIEDAD FIDUCIARIA
015 B002012 S
015 C012012 SANTAFE DE BOGOTA
015 D012012 COLOMBIA
015 E042012 X
015 A002013 DEN DANSKE BANK
015 B002013 S
015 C012013 COPENHAGEN
015 D012013 DENMARK
015 E042013 X
015 A002014 NATIONAL BANK OF EGYPT
015 B002014 S
015 C012014 CAIRO
015 D012014 EGYPT
015 E042014 X
015 A002015 MARITA BANK LTD.
015 B002015 S
015 C012015 HELSINKI
015 D012015 FINLAND
015 E042015 X
015 A002016 BANQUE PARIBAS
015 B002016 S
015 C012016 PARIS
015 D012016 FRANCE
015 E042016 X
015 A002017 CHASE BANK A.G.
015 B002017 S
015 C012017 FRANKFURT
015 D012017 GERMANY
015 E042017 X
015 A002018 BARCLAYS BANK PLC
015 B002018 S
015 C012018 ATHENS
015 D012018 GREECE
015 E042018 X
015 A002019 THE CHASE MANHATTAN BANK, N.A.
015 B002019 S
015 C012019 HONG KONG
015 D012019 HONG KONG
015 E042019 X
015 A002020 CITIBANK BUDAPEST RT.
015 B002020 S
015 C012020 BUDAPEST
015 D012020 HUNGARY
015 E042020 X
015 A002021 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B002021 S
<PAGE> PAGE 196
015 C012021 BOMBAY
015 D012021 INDIA
015 E042021 X
015 A002022 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B002022 S
015 C012022 JAKARTA
015 D012022 INDONESIA
015 E042022 X
015 A002023 BANK OF IRELAND
015 B002023 S
015 C012023 DUBLIN
015 D012023 IRELAND
015 E042023 X
015 A002024 BANK LEUMI LE-ISRAEL, B.M.
015 B002024 S
015 C012024 TEL AVIV
015 D012024 ISRAEL
015 E042024 X
015 A002025 THE CHASE MANHATTAN BANK, N.A.
015 B002025 S
015 C012025 MILAN
015 D012025 ITALY
015 E042025 X
015 A002026 THE CHASE MANHATTAN BANK, N.A.
015 B002026 S
015 C012026 TOKYO
015 D012026 JAPAN
015 E042026 X
015 A002027 ARAB BANK, PLC
015 B002027 S
015 C012027 AMMAN
015 D012027 JORDAN
015 E042027 X
015 A002028 THE CHASE MANHATTAN BANK, (M) BERHAD
015 B002028 S
015 C012028 KUALA LUMPUR
015 D012028 MALAYSIA
015 E042028 X
015 A002029 CHS. MAN. BNK. MEX. SA, INST. DE BANCA MULTI.
015 B002029 S
015 C012029 MEXICO CITY
015 D012029 MEXICO
015 E042029 X
015 A002030 DELETE
015 A002031 ABN-AMRO BANK N.V.
015 B002031 S
015 C012031 AMSTERDAM
015 D012031 NETHERLANDS
015 E042031 X
015 A002032 NATIONAL NOMINEES LIMITED
015 B002032 S
<PAGE> PAGE 197
015 C012032 AUCKLAND
015 D012032 NEW ZEALAND
015 E042032 X
015 A002033 DEN NORSKE BANK
015 B002033 S
015 C012033 OSLO
015 D012033 NORWAY
015 E042033 X
015 A002034 DELETE
015 A002035 CITIBANK, N.A.
015 B002035 S
015 C012035 LIMA
015 D012035 PERU
015 E042035 X
015 A002036 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B002036 S
015 C012036 MANILA
015 D012036 PHILIPPINES
015 E042036 X
015 A002037 CITIBANK, N.A.
015 B002037 S
015 C012037 KARACHI
015 D012037 PAKISTAN
015 E042037 X
015 A002038 DEUTSCHE BANK, A.G., BOMBAY
015 B002038 S
015 C012038 BOMBAY
015 D012038 INDIA
015 E042038 X
015 A002039 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B002039 S
015 C012039 SHENZHEN
015 D012039 CHINA
015 E042039 X
015 A002040 THE CHASE MANHATTAN BANK, N.A.
015 B002040 S
015 C012040 SINGAPORE
015 D012040 SINGAPORE
015 E042040 X
015 A002041 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B002041 S
015 C012041 SEOUL
015 D012041 SOUTH KOREA
015 E042041 X
015 A002042 THE CHASE MANHATTAN BANK, N.A.
015 B002042 S
015 C012042 MADRID
015 D012042 SPAIN
015 E042042 X
015 A002043 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
015 B002043 S
<PAGE> PAGE 198
015 C012043 COLOMBO
015 D012043 SRI LANKA
015 E042043 X
015 A002044 SKANDINAVISKA ENSKILDA BANKEN
015 B002044 S
015 C012044 STOCKHOLM
015 D012044 SWEDEN
015 E042044 X
015 A002045 UNION BANK OF SWITZERLAND
015 B002045 S
015 C012045 ZURICH
015 D012045 SWITZERLAND
015 E042045 X
015 A002046 THE CHASE MANHATTAN BANK, N.A.
015 B002046 S
015 C012046 TAIPEI
015 D012046 TAIWAN (ROC)
015 E042046 X
015 A002047 THE CHASE MANHATTAN BANK, N.A.
015 B002047 S
015 C012047 BANGKOK
015 D012047 THAILAND
015 E042047 X
015 A002048 CHS. MAN. BNK. NA TAKA VE SAK. AS (TVS) (DEP)
015 B002048 S
015 C012048 ISTANBUL
015 D012048 TURKEY
015 E042048 X
015 A002049 THE CHASE MANHATTAN BANK, N.A.
015 B002049 S
015 C012049 LONDON
015 D012049 UNITED KINGDOM
015 E042049 X
015 A002050 THE FIRST NATIONAL BANK OF BOSTON
015 B002050 S
015 C012050 MONTEVIDEO
015 D012050 URUGUAY
015 E042050 X
015 A002051 CITIBANK, N.A.
015 B002051 S
015 C012051 CARACAS
015 D012051 VENEZUELA
015 E042051 X
015 A002052 BARCLAYS BANK PLC
015 B002052 S
015 C012052 HARARE
015 D012052 ZIMBABWE
015 E042052 X
015 A002053 CEDEL S.A. (DEPOSITORY)
015 B002053 S
015 C012053 LUXEMBOURG CITY
<PAGE> PAGE 199
015 D012053 LUXEMBOURG
015 E042053 X
015 A002054 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B002054 S
015 C012054 PRAGUE
015 D012054 CZECH REPUBLIC
015 E042054 X
015 A002055 BARCLAYS BANK OF GHANA LTD.
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<PAGE> PAGE 200
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015 A002069 BARCLAYS BANK OF ZAMBIA LTD.
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<PAGE> PAGE 201
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051 002000 N
052 002000 N
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<PAGE> PAGE 202
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070 I022000 N
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070 M012000 Y
070 M022000 Y
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<PAGE> PAGE 203
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<PAGE> PAGE 204
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008 A002101 TEMPLETON, GALBRAITH, HANSBERGER, LTD.
008 B002101 A
008 C002101 801-42343
008 D012101 NASSAU
008 D052101 BAHAMAS
008 A002102 TEMPLETON INVESTMENT COUNSEL, INC.
008 B002102 S
008 C002102 801-15125
008 D012102 FORT LAUDERDALE
008 D022102 FL
008 D032102 33394
008 D042102 3091
015 A002101 THE CHASE MANHATTAN BANK, N.A.
015 B002101 C
015 C012101 NEW YORK
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015 C032101 10081
015 E012101 X
015 A002102 THE CHASE MANHATTAN BANK, N.A.
015 B002102 S
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015 D012102 ARGENTINA
<PAGE> PAGE 205
015 E042102 X
015 A002103 DELETE
015 A002104 CREDITANSTALT - BANKVEREIN
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015 D012104 AUSTRIA
015 E042104 X
015 A002105 STANDARD CHARTERED BANK
015 B002105 S
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015 D012105 BANGLADESH
015 E042105 X
015 A002106 GENERALE BANK
015 B002106 S
015 C012106 BRUSSELS
015 D012106 BELGIUM
015 E042106 X
015 A002107 ROYAL BANK OF CANADA
015 B002107 S
015 C012107 TORONTO
015 D012107 CANADA
015 E042107 X
015 A002108 THE CANADA TRUST COMPANY
015 B002108 S
015 C012108 TORONTO
015 D012108 CANADA
015 E042108 X
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015 A002111 DEN DANSKE BANK
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015 C012111 COPENHAGEN
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015 E042111 X
015 A002112 NATIONAL BANK OF EGYPT
015 B002112 S
015 C012112 CAIRO
015 D012112 EGYPT
015 E042112 X
015 A002113 MARITA BANK LTD.
015 B002113 S
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<PAGE> PAGE 206
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015 A002114 BANQUE PARIBAS
015 B002114 S
015 C012114 PARIS
015 D012114 FRANCE
015 E042114 X
015 A002115 CHASE BANK, A.G.
015 B002115 S
015 C012115 FRANKFURT
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015 E042115 X
015 A002116 BARCLAYS BANK OF GHANA LTD.
015 B002116 S
015 C012116 ACCRA
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015 E042116 X
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015 B002117 S
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015 D012117 GREECE
015 E042117 X
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015 B002118 S
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015 E042118 X
015 A002119 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
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015 D012119 INDONESIA
015 E042119 X
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015 B002120 S
015 C012120 DUBLIN
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015 E042121 X
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015 E042122 X
015 A002123 THE CHASE MANHATTAN BANK, N.A.
015 B002123 S
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<PAGE> PAGE 207
015 A002124 THE CHASE MANHATTAN BANK, (M) BERHAD
015 B002124 S
015 C012124 KUALA LUMPUR
015 D012124 MALAYSIA
015 E042124 X
015 A002125 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B002125 S
015 C012125 PORT LOUIS
015 D012125 MAURITIUS
015 E042125 X
015 A002126 CHS. MAN. BNK. MEX. SA, INST. DE BANCA MULTI.
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015 D012126 MEXICO
015 E042126 X
015 A002127 BANQUE COMMERCIALE DU MAROC
015 B002127 S
015 C012127 CASABLANCA
015 D012127 MOROCCO
015 E042127 X
015 A002128 ABN-AMRO BANK N.V.
015 B002128 S
015 C012128 AMSTERDAM
015 D012128 NETHERLANDS
015 E042128 X
015 A002129 NATIONAL NOMINEES LIMITED
015 B002129 S
015 C012129 AUCKLAND
015 D012129 NEW ZEALAND
015 E042129 X
015 A002130 DEN NORSKE BANK
015 B002130 S
015 C012130 OSLO
015 D012130 NORWAY
015 E042130 X
015 A002131 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B002131 S
015 C012131 MANILA
015 D012131 PHILIPPINES
015 E042131 X
015 A002132 BANCO ESPIRITO SANTO E COMMERCIAL DE LISBOA
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015 C012132 LISBON
015 D012132 PORTUGAL
015 E042132 X
015 A002133 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B002133 S
015 C012133 SHANGHAI
015 D012133 CHINA
015 E042133 X
015 A002134 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
<PAGE> PAGE 208
015 B002134 S
015 C012134 SHENZHEN
015 D012134 CHINA
015 E042134 X
015 A002135 THE CHASE MANHATTAN BANK, N.A.
015 B002135 S
015 C012135 SINGAPORE
015 D012135 SINGAPORE
015 E042135 X
015 A002136 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B002136 S
015 C012136 JOHANNESBURG
015 D012136 SOUTH AFRICA
015 E042136 X
015 A002137 THE CHASE MANHATTAN BANK, N.A.
015 B002137 S
015 C012137 MADRID
015 D012137 SPAIN
015 E042137 X
015 A002138 SKANDINAVISKA ENSKILDA BANKEN
015 B002138 S
015 C012138 STOCKHOLM
015 D012138 SWEDEN
015 E042138 X
015 A002139 UNION BANK OF SWITZERLAND
015 B002139 S
015 C012139 ZURICH
015 D012139 SWITZERLAND
015 E042139 X
015 A002140 THE CHASE MANHATTAN BANK, N.A.
015 B002140 S
015 C012140 BANGKOK
015 D012140 THAILAND
015 E042140 X
015 A002141 THE CHASE MANHATTAN BANK, N.A.
015 B002141 S
015 C012141 LONDON
015 D012141 UNITED KINGDOM
015 E042141 X
015 A002142 THE FIRST NATIONAL BANK OF BOSTON
015 B002142 S
015 C012142 MONTEVIDEO
015 D012142 URUGUAY
015 E042142 X
015 A002143 BARCLAYS BANK PLC
015 B002143 S
015 C012143 HARARE
015 D012143 ZIMBABWE
015 E042143 X
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015 B002144 S
<PAGE> PAGE 209
015 C012144 LUXEMBOURG CITY
015 D012144 LUXEMBOURG
015 E042144 X
015 A002145 FIRST NATIONAL BANK OF CHICAGO
015 B002145 S
015 C012145 LONDON
015 D012145 UNITED KINGDOM
015 E042145 X
015 A002146 THE CHASE MANHATTAN BANK AUSTRALIA LTD
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015 D012146 AUSTRALIA
015 E042146 X
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015 D012147 BRAZIL
015 E042147 X
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015 B002148 S
015 C012148 GABORONE
015 D012148 BOTSWANA
015 E042148 X
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015 B002149 S
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015 D012149 HUNGARY
015 E042149 X
015 A002150 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B002150 S
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015 D012150 INDIA
015 E042150 X
015 A002151 DEUTSCHE BANK, A.G., BOMBAY
015 B002151 S
015 C012151 BOMBAY
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015 E042151 X
015 A002152 ARAB BANK, PLC
015 B002152 S
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015 D012152 JORDAN
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015 A002153 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B002153 S
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<PAGE> PAGE 210
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015 D012159 SRI LANKA
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015 D012163 CHILE
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<PAGE> PAGE 211
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015 A002166 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
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<PAGE> PAGE 212
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<PAGE> PAGE 213
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070 J022100 N
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070 L022100 Y
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070 O022100 N
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070 R012100 N
070 R022100 N
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<PAGE> PAGE 214
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<PAGE> PAGE 215
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008 B002201 A
008 C002201 801-26292
008 D012201 SAN MATEO
008 D022201 CA
008 D032201 94403
008 D042201 7777
015 A002201 BANK OF AMERICA, NT & SA
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015 C032201 94414
015 C042201 1502
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015 A002202 CITBANK, N.A.
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015 E042202 X
015 A002203 NATIONAL AUSTRALIA BANK LTD.
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015 E042203 X
015 A002204 CREDITANSTALT-BANKVEREIN
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015 C012204 VIENNA
015 D012204 AUSTRIA
<PAGE> PAGE 216
015 E042204 X
015 A002205 STANDARD CHARTERED BANK
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015 C012205 DHAKA
015 D012205 BANGLADESH
015 E042205 X
015 A002206 BANQUE BRUSSELS LAMBERT
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015 E042206 X
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015 E042207 X
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015 C012208 SAO PAULO
015 D012208 BRAZIL
015 E042208 X
015 A002209 THE CANADA TRUST COMPANY
015 B002209 S
015 C012209 TORONTO
015 D012209 CANADA
015 E042209 X
015 A002210 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B002210 S
015 C012210 SHANGHAI
015 D012210 CHINA
015 E042210 X
015 A002211 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B002211 S
015 C012211 SHENZHEN
015 D012211 CHINA
015 E042211 X
015 A002212 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B002212 S
015 C012212 BOGOTA
015 D012212 COLOMBIA
015 E042212 X
015 A002213 UNIBANK
015 B002213 S
015 C012213 COPENHAGEN
015 D012213 DENMARK
015 E042213 X
015 A002214 KANSALLIS-OSAKE-PANKKI
015 B002214 S
015 C012214 HELSINKI
015 D012214 FINLAND
015 E042214 X
<PAGE> PAGE 217
015 A002215 SOCIETE GENERALE
015 B002215 S
015 C012215 PARIS
015 D012215 FRANCE
015 E042215 X
015 A002216 BANK OF AMERICA FOREIGN DIVISION - FRANKFURT
015 B002216 S
015 C012216 FRANKFURT
015 D012216 GERMANY
015 E042216 X
015 A002217 BERLINER HANDELS-UND FRANKFURTER BANK
015 B002217 S
015 C012217 FRANKFURT
015 D012217 GERMANY
015 E042217 X
015 A002218 BARCLAYS BANK PLC
015 B002218 S
015 C012218 ATHENS
015 D012218 GREECE
015 E042218 X
015 A002219 BARCLAYS BANK PLC
015 B002219 S
015 C012219 HONG KONG
015 D012219 HONG KONG
015 E042219 X
015 A002220 CITIBANK, N.A.
015 B002220 S
015 C012220 BUDAPEST
015 D012220 HUNGARY
015 E042220 X
015 A002221 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B002221 S
015 C012221 BOMBAY
015 D012221 INDIA
015 E042221 X
015 A002222 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B002222 S
015 C012222 JAKARTA
015 D012222 INDONESIA
015 E042222 X
015 A002223 BANK OF IRELAND
015 B002223 S
015 C012223 DUBLIN
015 D012223 IRELAND
015 E042223 X
015 A002224 BANK LEUMI LE-ISRAEL, B.M.
015 B002224 S
015 C012224 TEL AVIV
015 D012224 ISRAEL
015 E042224 X
015 A002225 CITIBANK, N.A.
<PAGE> PAGE 218
015 B002225 S
015 C012225 MILAN
015 D012225 ITALY
015 E042225 X
015 A002226 BARCLAYS BANK PLC VIA BAR. TR & BNK CO. (JPN)
015 B002226 S
015 C012226 TOKYO
015 D012226 JAPAN
015 E042226 X
015 A002227 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B002227 S
015 C012227 SEOUL
015 D012227 SOUTH KOREA
015 E042227 X
015 A002228 CEDEL S.A. (DEPOSITORY)
015 B002228 S
015 C012228 LUXEMBOURG CITY
015 D012228 LUXEMBOURG
015 E042228 X
015 A002229 BARCLAYS BANK PLC VIA UTD. MAL. BNK. CORP. BE
015 B002229 S
015 C012229 KUALA LUMPUR
015 D012229 MALAYSIA
015 E042229 X
015 A002230 BANCO NACIONAL DE MEXICO
015 B002230 S
015 C012230 MEXICO CITY
015 D012230 MEXICO
015 E042230 X
015 A002231 KAS-ASSOCIATIE N.V.
015 B002231 S
015 C012231 AMSTERDAM
015 D012231 NETHERLANDS
015 E042231 X
015 A002232 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B002232 S
015 C012232 WELLINGTON
015 D012232 NEW ZEALAND
015 E042232 X
015 A002233 CHRISTINIA BANK OG KREDITKASSE
015 B002233 S
015 C012233 BERGEN
015 D012233 NORWAY
015 E042233 X
015 A002234 BARCLAYS BANK PLC VIA STND. CHARTERED BANK
015 B002234 S
015 C012234 KARACHI
015 D012234 PAKISTAN
015 E042234 X
015 A002235 BANCO DE CREDITO DEL PERU
015 B002235 S
<PAGE> PAGE 219
015 C012235 LIMA
015 D012235 PERU
015 E042235 X
015 A002236 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B002236 S
015 C012236 MANILA
015 D012236 PHILIPPINES
015 E042236 X
015 A002237 CITIBANK, N.A.
015 B002237 S
015 C012237 WARSAW
015 D012237 POLAND
015 E042237 X
015 A002238 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B002238 S
015 C012238 LISBON
015 D012238 PORTUGAL
015 E042238 X
015 A002239 BARCLAYS BANK PLC
015 B002239 S
015 C012239 SINGAPORE
015 D012239 SINGAPORE
015 E042239 X
015 A002240 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B002240 S
015 C012240 JOHANNESBURG
015 D012240 SOUTH AFRICA
015 E042240 X
015 A002241 BANCO DE SANTANDER
015 B002241 S
015 C012241 MADRID
015 D012241 SPAIN
015 E042241 X
015 A002242 BARCLAYS BANK PLC VIA HK & SHANGHAI BANK CORP
015 B002242 S
015 C012242 COLOMBO
015 D012242 SRI LANKA
015 E042242 X
015 A002243 SKANDINAVISKA ENSKILDA BANKEN
015 B002243 S
015 C012243 STOCKHOLM
015 D012243 SWEDEN
015 E042243 X
015 A002244 SWISS BANK CORPORATION
015 B002244 S
015 C012244 ZURICH
015 D012244 SWITZERLAND
015 E042244 X
015 A002245 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B002245 S
015 C012245 TAPEI
<PAGE> PAGE 220
015 D012245 TAIWAN (ROC)
015 E042245 X
015 A002246 BARCLAYS BANK PLC VIA BANGKOK BANK LIMITED
015 B002246 S
015 C012246 BANGKOK
015 D012246 THAILAND
015 E042246 X
015 A002247 BARCLAYS BANK PLC VIA YAPI VE KRED. BNK. A.S.
015 B002247 S
015 C012247 ISTANBUL
015 D012247 TURKEY
015 E042247 X
015 A002248 THE BANK OF NEW YORK
015 B002248 S
015 C012248 LONDON
015 D012248 UNITED KINGDOM
015 E042248 X
015 A002249 CITIBANK, N.A
015 B002249 S
015 C012249 CARACAS
015 D012249 VENEZUELA
015 E042249 X
028 A012200 0
028 A022200 0
028 A032200 0
028 A042200 0
028 B012200 0
028 B022200 0
028 B032200 0
028 B042200 0
028 C012200 0
028 C022200 0
028 C032200 0
028 C042200 0
028 D012200 0
028 D022200 0
028 D032200 0
028 D042200 0
028 E012200 7335
028 E022200 0
028 E032200 0
028 E042200 20
028 F012200 5829
028 F022200 0
028 F032200 0
028 F042200 40
028 G012200 13164
028 G022200 0
028 G032200 0
028 G042200 60
028 H002200 0
<PAGE> PAGE 221
045 002200 Y
046 002200 N
047 002200 Y
048 002200 0.000
048 A012200 500000
048 A022200 0.750
048 B012200 500000
048 B022200 0.625
048 C012200 0
048 C022200 0.000
048 D012200 0
048 D022200 0.000
048 E012200 0
048 E022200 0.000
048 F012200 0
048 F022200 0.000
048 G012200 0
048 G022200 0.000
048 H012200 0
048 H022200 0.000
048 I012200 0
048 I022200 0.000
048 J012200 0
048 J022200 0.000
048 K012200 1000000
048 K022200 0.500
049 002200 N
050 002200 N
051 002200 N
052 002200 N
053 A002200 N
055 A002200 Y
055 B002200 N
056 002200 N
057 002200 N
062 A002200 N
062 B002200 0.0
062 C002200 0.0
062 D002200 0.0
062 E002200 0.0
062 F002200 0.0
062 G002200 0.0
062 H002200 0.0
062 I002200 0.0
062 J002200 0.0
062 K002200 0.0
062 L002200 0.0
062 M002200 0.0
062 N002200 0.0
062 O002200 0.0
062 P002200 0.0
<PAGE> PAGE 222
062 Q002200 0.0
062 R002200 0.0
063 A002200 0
063 B002200 0.0
066 A002200 Y
066 B002200 N
066 C002200 N
066 D002200 Y
066 E002200 N
066 F002200 N
066 G002200 N
067 002200 N
068 A002200 N
068 B002200 N
069 002200 N
070 A012200 Y
070 A022200 Y
070 B012200 Y
070 B022200 N
070 C012200 N
070 C022200 N
070 D012200 N
070 D022200 N
070 E012200 N
070 E022200 N
070 F012200 N
070 F022200 N
070 G012200 N
070 G022200 N
070 H012200 N
070 H022200 N
070 I012200 N
070 I022200 N
070 J012200 Y
070 J022200 N
070 K012200 N
070 K022200 N
070 L012200 Y
070 L022200 Y
070 M012200 Y
070 M022200 N
070 N012200 Y
070 N022200 N
070 O012200 Y
070 O022200 N
070 P012200 Y
070 P022200 N
070 Q012200 Y
070 Q022200 N
070 R012200 N
070 R022200 N
<PAGE> PAGE 223
071 A002200 8370
071 B002200 160
071 C002200 996
071 D002200 16
072 A002200 2
072 B002200 24
072 C002200 20
072 D002200 0
072 E002200 0
072 F002200 9
072 G002200 0
072 H002200 0
072 I002200 0
072 J002200 0
072 K002200 0
072 L002200 0
072 M002200 0
072 N002200 0
072 O002200 0
072 P002200 0
072 Q002200 0
072 R002200 2
072 S002200 2
072 T002200 0
072 U002200 0
072 V002200 0
072 W002200 0
072 X002200 11
072 Y002200 0
072 Z002200 33
072AA002200 12
072BB002200 9
072CC012200 162
072CC022200 0
072DD012200 0
072DD022200 0
072EE002200 0
073 A012200 0.0000
073 A022200 0.0000
073 B002200 0.0000
073 C002200 0.0000
074 A002200 6
074 B002200 4860
074 C002200 0
074 D002200 0
074 E002200 0
074 F002200 8366
074 G002200 0
074 H002200 0
074 I002200 0
074 J002200 50
<PAGE> PAGE 224
074 K002200 0
074 L002200 761
074 M002200 0
074 N002200 14043
074 O002200 733
074 P002200 7
074 Q002200 0
074 R012200 0
074 R022200 0
074 R032200 0
074 R042200 2
074 S002200 0
074 T002200 13301
074 U012200 1299
074 U022200 0
074 V012200 10.24
074 V022200 0.00
074 W002200 0.0000
074 X002200 3
074 Y002200 0
075 A002200 0
075 B002200 4364
076 002200 0.00
SIGNATURE KIMBERLY MONASTERIO
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
VALUEMARK FUNDS DECEMBER 31, 1995 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 382,971,764
<INVESTMENTS-AT-VALUE> 382,971,764
<RECEIVABLES> 50,257,219
<ASSETS-OTHER> 5,750
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 433,234,733
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,687,880
<TOTAL-LIABILITIES> 3,687,880
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 429,546,853
<SHARES-COMMON-STOCK> 429,546,853
<SHARES-COMMON-PRIOR> 518,618,386
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 429,546,853
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 27,194,063
<OTHER-INCOME> 0
<EXPENSES-NET> (1,830,754)
<NET-INVESTMENT-INCOME> 25,363,309
<REALIZED-GAINS-CURRENT> 289
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 25,363,598
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (25,363,309)
<DISTRIBUTIONS-OF-GAINS> (289)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 202,376,630
<NUMBER-OF-SHARES-REDEEMED> (316,875,727)
<SHARES-REINVESTED> 25,427,564
<NET-CHANGE-IN-ASSETS> (89,071,533)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,295,252
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,425,063
<AVERAGE-NET-ASSETS> 454,501,352
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .060
<PER-SHARE-GAIN-APPREC> .000
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .060
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS - GROWTH AND INCOME DECEMBER 31, 1995 ANNUAL
REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> FRANKLIN VALUEMARK FUNDS - GROWTH AND INCOME
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 703,432,510
<INVESTMENTS-AT-VALUE> 803,463,009
<RECEIVABLES> 90,422,898
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 893,885,907
<PAYABLE-FOR-SECURITIES> 3,239,430
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,159,009
<TOTAL-LIABILITIES> 4,398,439
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 688,654,317
<SHARES-COMMON-STOCK> 51,898,238
<SHARES-COMMON-PRIOR> 38,603,888
<ACCUMULATED-NII-CURRENT> 22,239,184
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 78,563,468
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 100,030,499
<NET-ASSETS> 889,487,468
<DIVIDEND-INCOME> 22,294,080
<INTEREST-INCOME> 3,424,008
<OTHER-INCOME> 0
<EXPENSES-NET> (3,483,854)
<NET-INVESTMENT-INCOME> 22,234,234
<REALIZED-GAINS-CURRENT> 79,239,315
<APPREC-INCREASE-CURRENT> 91,264,881
<NET-CHANGE-FROM-OPS> 192,738,430
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,012,262)
<DISTRIBUTIONS-OF-GAINS> (17,435,234)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17,566,134
<NUMBER-OF-SHARES-REDEEMED> (5,978,524)
<SHARES-REINVESTED> 1,706,740
<NET-CHANGE-IN-ASSETS> 371,610,422
<ACCUMULATED-NII-PRIOR> 8,017,077
<ACCUMULATED-GAINS-PRIOR> 16,759,522
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,283,721
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,483,854
<AVERAGE-NET-ASSETS> 674,161,494
<PER-SHARE-NAV-BEGIN> 13.420
<PER-SHARE-NII> .410
<PER-SHARE-GAIN-APPREC> 3.910
<PER-SHARE-DIVIDEND> (.190)
<PER-SHARE-DISTRIBUTIONS> (.410)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.140
<EXPENSE-RATIO> .520
<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 FRANKLIN
VALUEMARK FUNDS DECEMBER 31, 1995 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 03
<NAME> PRECIOUS METALS FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 90,809,193
<INVESTMENTS-AT-VALUE> 95,146,867
<RECEIVABLES> 10,321,645
<ASSETS-OTHER> 23,030
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 105,491,542
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 382,728
<TOTAL-LIABILITIES> 382,728
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 97,717,286
<SHARES-COMMON-STOCK> 7,467,691
<SHARES-COMMON-PRIOR> 8,878,448
<ACCUMULATED-NII-CURRENT> 1,615,202
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,438,861
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,337,465
<NET-ASSETS> 105,108,814
<DIVIDEND-INCOME> 1,617,923
<INTEREST-INCOME> 762,529
<OTHER-INCOME> 0
<EXPENSES-NET> (765,113)
<NET-INVESTMENT-INCOME> 1,615,339
<REALIZED-GAINS-CURRENT> 1,438,861
<APPREC-INCREASE-CURRENT> (1,361,730)
<NET-CHANGE-FROM-OPS> 1,692,470
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,664,388)
<DISTRIBUTIONS-OF-GAINS> (1,232,041)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 836,229
<NUMBER-OF-SHARES-REDEEMED> (2,452,552)
<SHARES-REINVESTED> 205,566
<NET-CHANGE-IN-ASSETS> (19,969,545)
<ACCUMULATED-NII-PRIOR> 1,682,044
<ACCUMULATED-GAINS-PRIOR> 1,214,248
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 702,034
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 765,113
<AVERAGE-NET-ASSETS> 115,407,604
<PER-SHARE-NAV-BEGIN> 14.090
<PER-SHARE-NII> .220
<PER-SHARE-GAIN-APPREC> .120
<PER-SHARE-DIVIDEND> (.200)
<PER-SHARE-DISTRIBUTIONS> (.150)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.080
<EXPENSE-RATIO> .660
<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
FRANKLIN VALUEMARK FUNDS DECEMBER 31, 1995 ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> REAL ESTATE SECURITIES FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 177,655,433
<INVESTMENTS-AT-VALUE> 199,741,315
<RECEIVABLES> 14,795,106
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 214,536,421
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,063,070
<TOTAL-LIABILITIES> 1,063,070
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 182,487,451
<SHARES-COMMON-STOCK> 12,266,580
<SHARES-COMMON-PRIOR> 12,784,838
<ACCUMULATED-NII-CURRENT> 9,334,962
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (434,944)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22,085,882
<NET-ASSETS> 213,473,351
<DIVIDEND-INCOME> 9,803,240
<INTEREST-INCOME> 700,240
<OTHER-INCOME> 0
<EXPENSES-NET> (1,167,338)
<NET-INVESTMENT-INCOME> 9,336,142
<REALIZED-GAINS-CURRENT> 1,068,152
<APPREC-INCREASE-CURRENT> 21,851,218
<NET-CHANGE-FROM-OPS> 32,255,512
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,411,953)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,340,093
<NUMBER-OF-SHARES-REDEEMED> (2,276,068)
<SHARES-REINVESTED> 417,717
<NET-CHANGE-IN-ASSETS> 17,776,676
<ACCUMULATED-NII-PRIOR> 6,410,773
<ACCUMULATED-GAINS-PRIOR> (1,503,096)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,110,433
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,167,338
<AVERAGE-NET-ASSETS> 197,099,279
<PER-SHARE-NAV-BEGIN> 15.310
<PER-SHARE-NII> 0.780
<PER-SHARE-GAIN-APPREC> 1.830
<PER-SHARE-DIVIDEND> (0.520)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.400
<EXPENSE-RATIO> 0.590
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK SERIES DECEMBER 31, 1995 ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 05
<NAME> FRANKLIN VALUEMARK FUND - UTILITY EQUITY FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 1,188,913,592
<INVESTMENTS-AT-VALUE> 1,295,438,421
<RECEIVABLES> 129,767,439
<ASSETS-OTHER> 5,153
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,425,211,013
<PAYABLE-FOR-SECURITIES> 58,888
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,705,925
<TOTAL-LIABILITIES> 1,764,813
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,258,901,309
<SHARES-COMMON-STOCK> 79,533,668
<SHARES-COMMON-PRIOR> 80,105,304
<ACCUMULATED-NII-CURRENT> 65,687,973
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (7,668,462)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 106,525,380
<NET-ASSETS> 1,423,446,200
<DIVIDEND-INCOME> 65,279,665
<INTEREST-INCOME> 6,800,237
<OTHER-INCOME> 0
<EXPENSES-NET> (6,386,934)
<NET-INVESTMENT-INCOME> 65,692,968
<REALIZED-GAINS-CURRENT> 2,816,631
<APPREC-INCREASE-CURRENT> 282,539,662
<NET-CHANGE-FROM-OPS> 351,049,261
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (70,961,297)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,829,657
<NUMBER-OF-SHARES-REDEEMED> (10,979,441)
<SHARES-REINVESTED> 4,578,148
<NET-CHANGE-IN-ASSETS> 268,335,711
<ACCUMULATED-NII-PRIOR> 70,953,514
<ACCUMULATED-GAINS-PRIOR> (10,482,305)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,002,369
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,386,934
<AVERAGE-NET-ASSETS> 1,278,339,583
<PER-SHARE-NAV-BEGIN> 14.420
<PER-SHARE-NII> .840
<PER-SHARE-GAIN-APPREC> 3.540
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.900)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.900
<EXPENSE-RATIO> .500
<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 FRANKLIN
VALUEMARK FUNDS DECEMBER 31, 1995 ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 6
<NAME> FRANKLIN HIGH INCOME FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 340,629,154
<INVESTMENTS-AT-VALUE> 345,570,920
<RECEIVABLES> 16,045,344
<ASSETS-OTHER> 1,592
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 361,617,856
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 714,310
<TOTAL-LIABILITIES> 714,310
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 323,301,046
<SHARES-COMMON-STOCK> 26,421,108
<SHARES-COMMON-PRIOR> 20,891,409
<ACCUMULATED-NII-CURRENT> 31,020,827
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,641,755
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,939,918
<NET-ASSETS> 360,903,546
<DIVIDEND-INCOME> 467,762
<INTEREST-INCOME> 32,351,436
<OTHER-INCOME> 0
<EXPENSES-NET> (1,797,714)
<NET-INVESTMENT-INCOME> 31,021,484
<REALIZED-GAINS-CURRENT> 1,770,719
<APPREC-INCREASE-CURRENT> 22,884,579
<NET-CHANGE-FROM-OPS> 55,676,782
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (21,305,944)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,967,763
<NUMBER-OF-SHARES-REDEEMED> 4,087,131
<SHARES-REINVESTED> 1,649,067
<NET-CHANGE-IN-ASSETS> 105,867,097
<ACCUMULATED-NII-PRIOR> 21,367,505
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,700,257
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,797,714
<AVERAGE-NET-ASSETS> 322,280,278
<PER-SHARE-NAV-BEGIN> 12.210
<PER-SHARE-NII> 1.060
<PER-SHARE-GAIN-APPREC> 1.300
<PER-SHARE-DIVIDEND> (.910)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.660
<EXPENSE-RATIO> .560
<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
FRANKLIN VALUEMARK DECEMBER 31, 1995 ANNUAL REPORT AND IS QUALIFIEDIN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 07
<NAME> GLOBAL INCOME FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 229788287
<INVESTMENTS-AT-VALUE> 233133460
<RECEIVABLES> 10475180
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 56151
<TOTAL-ASSETS> 243664791
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 470707
<TOTAL-LIABILITIES> 470707
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 231250145
<SHARES-COMMON-STOCK> 18071046
<SHARES-COMMON-PRIOR> 20863484
<ACCUMULATED-NII-CURRENT> 14271863
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5678332)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3350408
<NET-ASSETS> 243194084
<DIVIDEND-INCOME> 416425
<INTEREST-INCOME> 19848990
<OTHER-INCOME> 0
<EXPENSES-NET> 1578303
<NET-INVESTMENT-INCOME> 18687112
<REALIZED-GAINS-CURRENT> (7995904)
<APPREC-INCREASE-CURRENT> 22864210
<NET-CHANGE-FROM-OPS> 33555418
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9275583)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1178751
<NUMBER-OF-SHARES-REDEEMED> (4703279)
<SHARES-REINVESTED> 732090
<NET-CHANGE-IN-ASSETS> (11116724)
<ACCUMULATED-NII-PRIOR> 20719930
<ACCUMULATED-GAINS-PRIOR> (13540024)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1354128
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1578303
<AVERAGE-NET-ASSETS> 246331954
<PER-SHARE-NAV-BEGIN> 12.19
<PER-SHARE-NII> .29
<PER-SHARE-GAIN-APPREC> 1.47
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.49)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.46
<EXPENSE-RATIO> .64
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACT FROM THE FRANKLIN
VALUEMARK FUNDS DECEMBER 31, 1995 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 8
<NAME> INVESTMENT GRADE INTERMEDIATE BOND FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 135,244,443
<INVESTMENTS-AT-VALUE> 138,253,325
<RECEIVABLES> 27,851,428
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 166,104,753
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 201,759
<TOTAL-LIABILITIES> 201,759
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 154,704,018
<SHARES-COMMON-STOCK> 11,806,190
<SHARES-COMMON-PRIOR> 11,637,842
<ACCUMULATED-NII-CURRENT> 8,616,148
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (426,054)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,008,882
<NET-ASSETS> 165,902,994
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 9,597,783
<OTHER-INCOME> 0
<EXPENSES-NET> (981,429)
<NET-INVESTMENT-INCOME> 8,616,354
<REALIZED-GAINS-CURRENT> 656,832
<APPREC-INCREASE-CURRENT> 6,077,509
<NET-CHANGE-FROM-OPS> 15,350,695
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,603,637)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,209,536
<NUMBER-OF-SHARES-REDEEMED> (1,528,901)
<SHARES-REINVESTED> 487,713
<NET-CHANGE-IN-ASSETS> 11,004,258
<ACCUMULATED-NII-PRIOR> 6,603,431
<ACCUMULATED-GAINS-PRIOR> (1,082,886)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 933,279
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 981,429
<AVERAGE-NET-ASSETS> 161,658,742
<PER-SHARE-NAV-BEGIN> 13.310
<PER-SHARE-NII> .730
<PER-SHARE-GAIN-APPREC> .580
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.570)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.05
<EXPENSE-RATIO> .61
<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 FRANKLIN
VALUEMARK FUNDS DECEMBER 31, 1995 ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 09
<NAME> INCOME SECURITIES FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 1,042,139,228
<INVESTMENTS-AT-VALUE> 1,102,919,055
<RECEIVABLES> 167,827,235
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,270,746,290
<PAYABLE-FOR-SECURITIES> 2,534,435
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,674,353
<TOTAL-LIABILITIES> 4,208,788
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,130,216,482
<SHARES-COMMON-STOCK> 76,913,014
<SHARES-COMMON-PRIOR> 69,880,959
<ACCUMULATED-NII-CURRENT> 91,003,300
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (15,464,708)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 60,782,428
<NET-ASSETS> 1,266,537,502
<DIVIDEND-INCOME> 24,849,576
<INTEREST-INCOME> 71,942,901
<OTHER-INCOME> 0
<EXPENSES-NET> (5,782,586)
<NET-INVESTMENT-INCOME> 91,009,891
<REALIZED-GAINS-CURRENT> (15,464,708)
<APPREC-INCREASE-CURRENT> 152,006,805
<NET-CHANGE-FROM-OPS> 227,551,988
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (63,454,170)
<DISTRIBUTIONS-OF-GAINS> (5,103,693)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,592,137
<NUMBER-OF-SHARES-REDEEMED> (10,094,332)
<SHARES-REINVESTED> 4,534,250
<NET-CHANGE-IN-ASSETS> 7,032,055
<ACCUMULATED-NII-PRIOR> 67,603,145
<ACCUMULATED-GAINS-PRIOR> 948,127
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,335,780
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,782,586
<AVERAGE-NET-ASSETS> 1,130,195,258
<PER-SHARE-NAV-BEGIN> 14.310
<PER-SHARE-NII> 1.160
<PER-SHARE-GAIN-APPREC> 1.960
<PER-SHARE-DIVIDEND> (0.890)
<PER-SHARE-DISTRIBUTIONS> (0.070)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 16.470
<EXPENSE-RATIO> 0.510
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK SERIES DECEMBER 31, 1995 ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 10
<NAME> FRANKLIN VALUEMARK FUND - US GOVERNMENT SECURITIES FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 599,969,692
<INVESTMENTS-AT-VALUE> 625,953,212
<RECEIVABLES> 22,385,672
<ASSETS-OTHER> 55,869
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 648,394,753
<PAYABLE-FOR-SECURITIES> 4,447,304
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 781,978
<TOTAL-LIABILITIES> 5,229,282
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 591,303,104
<SHARES-COMMON-STOCK> 45,944,644
<SHARES-COMMON-PRIOR> 46,075,699
<ACCUMULATED-NII-CURRENT> 41,588,096
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (15,709,249)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 25,983,520
<NET-ASSETS> 643,165,471
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 44,865,883
<OTHER-INCOME> 0
<EXPENSES-NET> (3,211,977)
<NET-INVESTMENT-INCOME> 41,653,906
<REALIZED-GAINS-CURRENT> (891,143)
<APPREC-INCREASE-CURRENT> 68,885,320
<NET-CHANGE-FROM-OPS> 109,648,083
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (43,440,615)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,057,377
<NUMBER-OF-SHARES-REDEEMED> (7,466,969)
<SHARES-REINVESTED> 3,278,537
<NET-CHANGE-IN-ASSETS> 64,126,386
<ACCUMULATED-NII-PRIOR> 43,374,805
<ACCUMULATED-GAINS-PRIOR> (14,818,106)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,038,772
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,211,977
<AVERAGE-NET-ASSETS> 619,728,351
<PER-SHARE-NAV-BEGIN> 12.570
<PER-SHARE-NII> .930
<PER-SHARE-GAIN-APPREC> 1.460
<PER-SHARE-DIVIDEND> (.960)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.000
<EXPENSE-RATIO> .520
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> ZERO COUPON FUND - 1995
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-15-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 0
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 4,244,898
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,010,303
<OTHER-INCOME> 0
<EXPENSES-NET> (177,173)
<NET-INVESTMENT-INCOME> 2,833,130
<REALIZED-GAINS-CURRENT> 348,844
<APPREC-INCREASE-CURRENT> 81,210
<NET-CHANGE-FROM-OPS> 3,263,184
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,252,562)
<DISTRIBUTIONS-OF-GAINS> (15,800)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 135,908
<NUMBER-OF-SHARES-REDEEMED> (4,659,915)
<SHARES-REINVESTED> 279,109
<NET-CHANGE-IN-ASSETS> (51,135,433)
<ACCUMULATED-NII-PRIOR> 3,252,086
<ACCUMULATED-GAINS-PRIOR> 15,800
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 275,518
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 288,184
<AVERAGE-NET-ASSETS> 46,156,681
<PER-SHARE-NAV-BEGIN> 12.050
<PER-SHARE-NII> 1.240
<PER-SHARE-GAIN-APPREC> (.400)
<PER-SHARE-DIVIDEND> (.870)
<PER-SHARE-DISTRIBUTIONS> (.010)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.01
<EXPENSE-RATIO> .400
<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 FRANKLIN VALUEMARK FUNDS DECEMBER 31, 1995 ANNUAL REPORT AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 12
<NAME> ZERO COUPON FUND - 2000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 123,931,184
<INVESTMENTS-AT-VALUE> 136,226,489
<RECEIVABLES> 1,311,477
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 137,537,966
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 181,245
<TOTAL-LIABILITIES> 181,245
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 117,647,886
<SHARES-COMMON-STOCK> 8,730,149
<SHARES-COMMON-PRIOR> 6,919,210
<ACCUMULATED-NII-CURRENT> 7,341,344
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 72,186
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12,295,305
<NET-ASSETS> 137,356,721
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,816,073
<OTHER-INCOME> 0
<EXPENSES-NET> (474,729)
<NET-INVESTMENT-INCOME> 7,341,344
<REALIZED-GAINS-CURRENT> 72,202
<APPREC-INCREASE-CURRENT> 14,631,144
<NET-CHANGE-FROM-OPS> 22,044,690
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,282,540)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,459,851
<NUMBER-OF-SHARES-REDEEMED> (1,003,208)
<SHARES-REINVESTED> 354,296
<NET-CHANGE-IN-ASSETS> 43,126,557
<ACCUMULATED-NII-PRIOR> 5,282,540
<ACCUMULATED-GAINS-PRIOR> (16)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 721,943
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 757,468
<AVERAGE-NET-ASSETS> 119,472,139
<PER-SHARE-NAV-BEGIN> 13.620
<PER-SHARE-NII> .750
<PER-SHARE-GAIN-APPREC> 2.030
<PER-SHARE-DIVIDEND> (.670)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.730
<EXPENSE-RATIO> .400
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS DECEMBER 31, 1995 ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 13
<NAME> FVF-ZERO COUPON FUND - 2005
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 70,001,446
<INVESTMENTS-AT-VALUE> 82,043,094
<RECEIVABLES> 1,262,253
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 83,305,347
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 83,644
<TOTAL-LIABILITIES> 83,644
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 66,969,190
<SHARES-COMMON-STOCK> 4,788,425
<SHARES-COMMON-PRIOR> 3,743,694
<ACCUMULATED-NII-CURRENT> 4,217,789
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6,924)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12,041,648
<NET-ASSETS> 83,221,703
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,490,589
<OTHER-INCOME> 0
<EXPENSES-NET> (272,648)
<NET-INVESTMENT-INCOME> 4,217,941
<REALIZED-GAINS-CURRENT> 27,440
<APPREC-INCREASE-CURRENT> 14,450,466
<NET-CHANGE-FROM-OPS> 18,695,847
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,941,626)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,280,689
<NUMBER-OF-SHARES-REDEEMED> (421,198)
<SHARES-REINVESTED> 185,240
<NET-CHANGE-IN-ASSETS> 31,722,826
<ACCUMULATED-NII-PRIOR> 2,941,474
<ACCUMULATED-GAINS-PRIOR> (34,364)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 425,696
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 448,541
<AVERAGE-NET-ASSETS> 68,119,161
<PER-SHARE-NAV-BEGIN> 13.760
<PER-SHARE-NII> 0.780
<PER-SHARE-GAIN-APPREC> 3.530
<PER-SHARE-DIVIDEND> (.690)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.380
<EXPENSE-RATIO> 0.400
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS DECEMBER 31, 1995 ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 14
<NAME> ZERO COUPON FUND 2010
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 66,360,401
<INVESTMENTS-AT-VALUE> 82,697,761
<RECEIVABLES> 2,984,311
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 85,682,072
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 49,280
<TOTAL-LIABILITIES> 49,280
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 64,282,547
<SHARES-COMMON-STOCK> 4,747,236
<SHARES-COMMON-PRIOR> 3,483,788
<ACCUMULATED-NII-CURRENT> 4,091,968
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 920,917
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16,337,360
<NET-ASSETS> 85,632,792
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,346,790
<OTHER-INCOME> 0
<EXPENSES-NET> (254,653)
<NET-INVESTMENT-INCOME> 4,092,137
<REALIZED-GAINS-CURRENT> 1,268,380
<APPREC-INCREASE-CURRENT> 17,390,706
<NET-CHANGE-FROM-OPS> 22,751,223
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,074,389)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,627,120
<NUMBER-OF-SHARES-REDEEMED> (493,484)
<SHARES-REINVESTED> 129,812
<NET-CHANGE-IN-ASSETS> 40,271,710
<ACCUMULATED-NII-PRIOR> 2,074,248
<ACCUMULATED-GAINS-PRIOR> (347,491)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 398,959
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 419,968
<AVERAGE-NET-ASSETS> 63,833,387
<PER-SHARE-NAV-BEGIN> 13.020
<PER-SHARE-NII> 0.760
<PER-SHARE-GAIN-APPREC> 4.750
<PER-SHARE-DIVIDEND> (0.490)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.040
<EXPENSE-RATIO> 0.400
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
VALUEMARK FUNDS DECEMBER 31, 1995 ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 15
<NAME> ADJUSTABLE U.S. GOVERNMENT FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 185,530,165
<INVESTMENTS-AT-VALUE> 184,530,142
<RECEIVABLES> 6,835,379
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 191,365,521
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,265,924
<TOTAL-LIABILITIES> 1,265,924
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 190,646,670
<SHARES-COMMON-STOCK> 17,665,320
<SHARES-COMMON-PRIOR> 22,758,495
<ACCUMULATED-NII-CURRENT> 13,329,454
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (12,876,504)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,000,023)
<NET-ASSETS> 190,099,597
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 14,555,303
<OTHER-INCOME> 0
<EXPENSES-NET> (1,224,116)
<NET-INVESTMENT-INCOME> 13,331,187
<REALIZED-GAINS-CURRENT> (1,954,776)
<APPREC-INCREASE-CURRENT> 7,421,084
<NET-CHANGE-FROM-OPS> 18,797,495
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (13,455,726)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,407,426
<NUMBER-OF-SHARES-REDEEMED> (10,796,914)
<SHARES-REINVESTED> 1,296,313
<NET-CHANGE-IN-ASSETS> (49,595,840)
<ACCUMULATED-NII-PRIOR> 13,453,993
<ACCUMULATED-GAINS-PRIOR> (10,921,728)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,158,160
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,224,116
<AVERAGE-NET-ASSETS> 206,632,292
<PER-SHARE-NAV-BEGIN> 10.530
<PER-SHARE-NII> .900
<PER-SHARE-GAIN-APPREC> .060
<PER-SHARE-DIVIDEND> (.730)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.760
<EXPENSE-RATIO> .590
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS DECEMBER 31, 1995 ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 16
<NAME> RISING DIVIDENDS FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 351,208,931
<INVESTMENTS-AT-VALUE> 429,622,060
<RECEIVABLES> 35,869,589
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 465,491,649
<PAYABLE-FOR-SECURITIES> 1,578,500
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 659,872
<TOTAL-LIABILITIES> 2,238,372
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 389,285,470
<SHARES-COMMON-STOCK> 36,588,561
<SHARES-COMMON-PRIOR> 31,083,853
<ACCUMULATED-NII-CURRENT> 10,367,057
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (14,812,379)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 78,413,129
<NET-ASSETS> 463,253,277
<DIVIDEND-INCOME> 9,380,456
<INTEREST-INCOME> 3,950,280
<OTHER-INCOME> 0
<EXPENSES-NET> (2,963,041)
<NET-INVESTMENT-INCOME> 10,367,695
<REALIZED-GAINS-CURRENT> 251,515
<APPREC-INCREASE-CURRENT> 88,320,864
<NET-CHANGE-FROM-OPS> 98,940,074
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,063,908)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,737,608
<NUMBER-OF-SHARES-REDEEMED> (3,959,378)
<SHARES-REINVESTED> 726,478
<NET-CHANGE-IN-ASSETS> 153,324,250
<ACCUMULATED-NII-PRIOR> 8,063,270
<ACCUMULATED-GAINS-PRIOR> (15,063,894)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,858,740
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,963,041
<AVERAGE-NET-ASSETS> 381,515,511
<PER-SHARE-NAV-BEGIN> 9.970
<PER-SHARE-NII> 0.270
<PER-SHARE-GAIN-APPREC> 2.660
<PER-SHARE-DIVIDEND> (0.240)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.660
<EXPENSE-RATIO> 0.780
<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 FVF
TEMPLETON PACIFIC GROWTH FUND DECEMBER 31, 1995 ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 17
<NAME> FVF TEMPLETON PACIFIC GROWTH
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 315105380
<INVESTMENTS-AT-VALUE> 318563847
<RECEIVABLES> 16268721
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 49972
<TOTAL-ASSETS> 334882540
<PAYABLE-FOR-SECURITIES> 449701
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2496958
<TOTAL-LIABILITIES> 2946659
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 315374528
<SHARES-COMMON-STOCK> 23870100
<SHARES-COMMON-PRIOR> 28390759
<ACCUMULATED-NII-CURRENT> 7402137
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5700749
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3458467
<NET-ASSETS> 331935881
<DIVIDEND-INCOME> 8710493
<INTEREST-INCOME> 2047387
<OTHER-INCOME> 0
<EXPENSES-NET> 3515956
<NET-INVESTMENT-INCOME> 7241924
<REALIZED-GAINS-CURRENT> 6009137
<APPREC-INCREASE-CURRENT> 12826175
<NET-CHANGE-FROM-OPS> 26077236
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6625094)
<DISTRIBUTIONS-OF-GAINS> (2753036)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2230611
<NUMBER-OF-SHARES-REDEEMED> (7462813)
<SHARES-REINVESTED> 711543
<NET-CHANGE-IN-ASSETS> (43896189)
<ACCUMULATED-NII-PRIOR> 6796802
<ACCUMULATED-GAINS-PRIOR> 2433153
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3148402
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3515956
<AVERAGE-NET-ASSETS> 348727846
<PER-SHARE-NAV-BEGIN> 13.24
<PER-SHARE-NII> .33
<PER-SHARE-GAIN-APPREC> .71
<PER-SHARE-DIVIDEND> (.26)
<PER-SHARE-DISTRIBUTIONS> (.11)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.91
<EXPENSE-RATIO> 1.01
<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
FVF TEMPLETON INTERNATIONAL EQUITY FUND DECEMBER 31,1995 ANNUAL REPORT
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 18
<NAME> FVF TEMPLETON INTERNATIONAL EQUITY FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 771812458
<INVESTMENTS-AT-VALUE> 783497332
<RECEIVABLES> 70434640
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 316
<TOTAL-ASSETS> 853932288
<PAYABLE-FOR-SECURITIES> 1525269
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2290397
<TOTAL-LIABILITIES> 3815666
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 784105544
<SHARES-COMMON-STOCK> 63801042
<SHARES-COMMON-PRIOR> 62763083
<ACCUMULATED-NII-CURRENT> 23389762
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 30936442
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11684874
<NET-ASSETS> 850116622
<DIVIDEND-INCOME> 21045404
<INTEREST-INCOME> 9917590
<OTHER-INCOME> 0
<EXPENSES-NET> 7504083
<NET-INVESTMENT-INCOME> 23458911
<REALIZED-GAINS-CURRENT> 30984955
<APPREC-INCREASE-CURRENT> 26564752
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (13634404)
<DISTRIBUTIONS-OF-GAINS> (16891097)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8219451
<NUMBER-OF-SHARES-REDEEMED> (9544147)
<SHARES-REINVESTED> 2362655
<NET-CHANGE-IN-ASSETS> 64992148
<ACCUMULATED-NII-PRIOR> 13466616
<ACCUMULATED-GAINS-PRIOR> 16941223
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6748353
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7504083
<AVERAGE-NET-ASSETS> 817413374
<PER-SHARE-NAV-BEGIN> 13.24
<PER-SHARE-NII> .33
<PER-SHARE-GAIN-APPREC> .71
<PER-SHARE-DIVIDEND> (.26)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> (.11)
<PER-SHARE-NAV-END> 13.91
<EXPENSE-RATIO> 1.01
<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
FVF TEMPLETON DEVELOPING MARKETS EQUITY FUND DECEMBER 31, 1995 ANNUAL
REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 19
<NAME> FVF TEMPLETON DEVELOPING MARKETS EQUITY
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 168156432
<INVESTMENTS-AT-VALUE> 158411190
<RECEIVABLES> 301003
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 77447
<TOTAL-ASSETS> 158789640
<PAYABLE-FOR-SECURITIES> 410967
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 294831
<TOTAL-LIABILITIES> 705798
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 162010548
<SHARES-COMMON-STOCK> 16158219
<SHARES-COMMON-PRIOR> 10265657
<ACCUMULATED-NII-CURRENT> 2084657
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3782798
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (9794161)
<NET-ASSETS> 158083842
<DIVIDEND-INCOME> 3263056
<INTEREST-INCOME> 1212015
<OTHER-INCOME> 0
<EXPENSES-NET> 1842173
<NET-INVESTMENT-INCOME> 2632898
<REALIZED-GAINS-CURRENT> 3236155
<APPREC-INCREASE-CURRENT> (2382349)
<NET-CHANGE-FROM-OPS> 3486704
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 489978
<DISTRIBUTIONS-OF-GAINS> 115132
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6952301
<NUMBER-OF-SHARES-REDEEMED> (1121485)
<SHARES-REINVESTED> 61746
<NET-CHANGE-IN-ASSETS> 59894961
<ACCUMULATED-NII-PRIOR> 758368
<ACCUMULATED-GAINS-PRIOR> (154856)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1636864
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1842173
<AVERAGE-NET-ASSETS> 130962850
<PER-SHARE-NAV-BEGIN> 9.56
<PER-SHARE-NII> .09
<PER-SHARE-GAIN-APPREC> .18
<PER-SHARE-DIVIDEND> (.04)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> (.01)
<PER-SHARE-NAV-END> 9.78
<EXPENSE-RATIO> 1.41
<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 FVF
Templeton Global Growth Fund December 31, 1995 Annual Report and is
qualified in ite entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 20
<NAME> FVF TEMPLETON GLOBAL GROWTH FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 296271384
<INVESTMENTS-AT-VALUE> 311088685
<RECEIVABLES> 27914398
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 281528
<TOTAL-ASSETS> 339284611
<PAYABLE-FOR-SECURITIES> 38745
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 490749
<TOTAL-LIABILITIES> 529494
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 310417377
<SHARES-COMMON-STOCK> 28840285
<SHARES-COMMON-PRIOR> 15160495
<ACCUMULATED-NII-CURRENT> 5816563
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7703876
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14817301
<NET-ASSETS> 338755117
<DIVIDEND-INCOME> 4925194
<INTEREST-INCOME> 3583602
<OTHER-INCOME> 0
<EXPENSES-NET> 2399884
<NET-INVESTMENT-INCOME> 6108912
<REALIZED-GAINS-CURRENT> 7733119
<APPREC-INCREASE-CURRENT> 15482583
<NET-CHANGE-FROM-OPS> 29324614
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1324712)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 15532818
<NUMBER-OF-SHARES-REDEEMED> (1972050)
<SHARES-REINVESTED> 119022
<NET-CHANGE-IN-ASSETS> 179899029
<ACCUMULATED-NII-PRIOR> 1454896
<ACCUMULATED-GAINS-PRIOR> (451776)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2309970
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2399884
<AVERAGE-NET-ASSETS> 248618116
<PER-SHARE-NAV-BEGIN> 10.48
<PER-SHARE-NII> .16
<PER-SHARE-GAIN-APPREC> 1.17
<PER-SHARE-DIVIDEND> (.06)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.75
<EXPENSE-RATIO> .97
<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
FRANKLIN VALUEMARK DECEMBER 31, 1995 ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 21
<NAME> TEMPLETON GLOBAL ASSET ALLOCATION FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 13654391
<INVESTMENTS-AT-VALUE> 14036705
<RECEIVABLES> 706779
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 18270
<TOTAL-ASSETS> 14761754
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 33051
<TOTAL-LIABILITIES> 33051
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14328655
<SHARES-COMMON-STOCK> 1399950
<SHARES-COMMON-PRIOR> 50000
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (6078)
<ACCUMULATED-NET-GAINS> 23965
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 382161
<NET-ASSETS> 14728703
<DIVIDEND-INCOME> 65799
<INTEREST-INCOME> 245159
<OTHER-INCOME> 0
<EXPENSES-NET> 58994
<NET-INVESTMENT-INCOME> 251964
<REALIZED-GAINS-CURRENT> 11985
<APPREC-INCREASE-CURRENT> 382161
<NET-CHANGE-FROM-OPS> 646110
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (246062)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1539829
<NUMBER-OF-SHARES-REDEEMED> (213358)
<SHARES-REINVESTED> 23479
<NET-CHANGE-IN-ASSETS> 14228703
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 52421
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 58994
<AVERAGE-NET-ASSETS> 9309704
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .18
<PER-SHARE-GAIN-APPREC> .52
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.18)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.52
<EXPENSE-RATIO> .90
<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 FRANKLIN
VALUEMARK FUNDS DECEMBER 31, 1995 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETYBY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 22
<NAME> SMALL CAP FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> NOV-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 8,204,391
<INVESTMENTS-AT-VALUE> 8,366,212
<RECEIVABLES> 5,670,361
<ASSETS-OTHER> 5,955
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 14,042,528
<PAYABLE-FOR-SECURITIES> 732,626
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8,424
<TOTAL-LIABILITIES> 741,050
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13,103,690
<SHARES-COMMON-STOCK> 1,298,788
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 33,213
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,754
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 161,821
<NET-ASSETS> 13,301,478
<DIVIDEND-INCOME> 19,747
<INTEREST-INCOME> 24,543
<OTHER-INCOME> 0
<EXPENSES-NET> (11,077)
<NET-INVESTMENT-INCOME> 33,213
<REALIZED-GAINS-CURRENT> 2,754
<APPREC-INCREASE-CURRENT> 161,821
<NET-CHANGE-FROM-OPS> 197,788
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,304,759
<NUMBER-OF-SHARES-REDEEMED> (5,971)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 13,301,478
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 9,054
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 11,077
<AVERAGE-NET-ASSETS> 4,363,865
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> .030
<PER-SHARE-GAIN-APPREC> .210
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 10.240
<EXPENSE-RATIO> .900
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
REPORT OF INDEPENDENT AUDITORS
To the Shareholders and Board of Trustees
of Franklin Valuemark Funds:
In planning and performing our audit of the financial statements
and financial highlights of the funds comprising the Franklin
Valuemark Funds for the year ended December 31, 1995, we considered its
internal control structure, including procedures for
safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the
financial statements and financial highlights and to comply with
the requirements of Form N-SAR, not to provide assurance on the
internal control structure.
The management of the Franklin Valuemark Funds is responsible for
establishing and maintaining an internal control structure. In
fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two
of the objectives of an internal control structure are to provide
management with reasonable, but not absolute, assurance that assets
are safeguarded against loss from unauthorized use or disposition
and that transactions are executed in accordance with management's
authorization and recorded properly to permit preparation of
financial statements in conformity with generally accepted
accounting principles.
Because of inherent limitations in any internal control structure,
errors or irregularities may occur and not be detected. Also,
projection of any evaluation of the structure to future periods
is subject to the risk that it may become inadequate because of
changes in conditions or that the effectiveness of the design and
operation may deteriorate.
Our consideration of the internal control structure would not
necessarily disclose all matters in the internal control structure
that might be material weaknesses under standards established by
the American Institute of Certified Public Accountants. A material
weakness is a condition in which the design or operation of the
specific internal control structure elements does not reduce to a
relatively low level the risk that errors or irregularities in
amounts that would be material in relation to the financial
statements and financial highlights being audited may occur and
not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted
no matters involving the internal control structure, including
procedures for safeguarding securities, that we consider to be
material weaknesses, as defined above, as of December 31, 1995.
This report is intended solely for the information and use of
management of the Franklin Valuemark Funds and the Securities and Exchange
Commission.
S\Coopers & Lybrand L.L.P.
San Francisco, California
February 15, 1996
