<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 N
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 Y
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070 N020300 N
070 O010300 N
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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015 A000501 BANK OF NEW YORK
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<PAGE> PAGE 23
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015 A000505 STANDARD CHARTERED BANK PLC
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015 C010505 DHAKA
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015 A000506 BANQUE BRUXELLES LAMBERT
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015 D010506 BELGIUM
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015 C010507 GABORONE
015 D010507 BOTSWANA
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<PAGE> PAGE 24
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015 A000516 CITIBANK, N.A.
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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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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<PAGE> PAGE 34
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015 A000601 BANK OF NEW YORK
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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058 D000600 Y
058 E000600 N
059 000600 Y
060 A000600 Y
060 B000600 Y
061 000600 2000
062 A000600 Y
062 B000600 0.0
062 C000600 0.0
062 D000600 2.0
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
<PAGE> PAGE 37
062 N000600 0.0
062 O000600 0.0
062 P000600 93.6
062 Q000600 0.0
062 R000600 4.5
063 A000600 0
063 B000600 5.6
064 A000600 N
064 B000600 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 Y
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 Y
070 K010600 N
070 K020600 N
070 L010600 Y
070 L020600 Y
070 M010600 Y
070 M020600 Y
070 N010600 Y
070 N020600 N
070 O010600 N
070 O020600 N
070 P010600 Y
070 P020600 Y
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 79058
<PAGE> PAGE 38
071 B000600 72845
071 C000600 423117
071 D000600 17
072 A000600 6
072 B000600 21520
072 C000600 527
072 D000600 0
072 E000600 0
072 F000600 1107
072 G000600 0
072 H000600 0
072 I000600 0
072 J000600 4
072 K000600 20
072 L000600 16
072 M000600 1
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 5
072 S000600 2
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 8
072 X000600 1163
072 Y000600 0
072 Z000600 20884
072AA000600 2612
072BB000600 1791
072CC010600 0
072CC020600 805
072DD010600 37007
072DD020600 0
072EE000600 1214
073 A010600 1.2194
073 A020600 0.0000
073 B000600 0.0400
073 C000600 0.0000
074 A000600 0
074 B000600 8974
074 C000600 0
074 D000600 416004
074 E000600 19592
074 F000600 433
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
<PAGE> PAGE 39
074 L000600 8467
074 M000600 0
074 N000600 453470
074 O000600 0
074 P000600 185
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 8939
074 S000600 0
074 T000600 444346
074 U010600 32692
074 U020600 0
074 V010600 13.59
074 V020600 0.00
074 W000600 0.0000
074 X000600 3
074 Y000600 5075
075 A000600 0
075 B000600 440507
076 000600 0.00
024 000700 N
025 D000701 0
025 D000702 0
025 D000703 0
025 D000704 0
025 D000705 0
025 D000706 0
025 D000707 0
025 D000708 0
028 A010700 1308
028 A020700 0
028 A030700 0
028 A040700 6142
028 B010700 1175
028 B020700 0
028 B030700 0
028 B040700 4987
028 C010700 2930
028 C020700 0
028 C030700 0
028 C040700 5369
028 D010700 1562
028 D020700 0
028 D030700 0
028 D040700 4767
028 E010700 2978
028 E020700 0
028 E030700 0
028 E040700 3872
<PAGE> PAGE 40
028 F010700 1311
028 F020700 14522
028 F030700 0
028 F040700 4131
028 G010700 11264
028 G020700 14522
028 G030700 0
028 G040700 29268
028 H000700 0
062 A000700 Y
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 25.5
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 67.0
062 R000700 0.3
071 A000700 271721
071 B000700 293601
071 C000700 184983
071 D000700 147
072 A000700 6
072 Y000700 0
072 Z000700 7179
072AA000700 1960
072BB000700 5001
072CC010700 0
072CC020700 6974
072DD010700 14522
072DD020700 0
072EE000700 0
073 A010700 0.9650
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 9171
074 B000700 0
074 C000700 0
074 D000700 189147
074 E000700 0
074 F000700 0
<PAGE> PAGE 41
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 15631
074 K000700 0
074 L000700 7324
074 M000700 0
074 N000700 221273
074 T000700 204439
075 A000700 0
075 B000700 208647
062 A000800 Y
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
071 A000800 0
071 B000800 0
071 C000800 0
071 D000800 0
072 A000800 12
074 N000800 0
074 T000800 0
075 A000800 0
075 B000800 0
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 NEW YORK
015 B000901 C
015 C010901 NEW YORK
015 C020901 NY
015 C030901 10286
015 E010901 X
<PAGE> PAGE 42
015 A000902 THE BANK OF BOSTON
015 B000902 S
015 C010902 BUENOS AIRES
015 D010902 ARGENTINA
015 E040902 X
015 A000903 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000903 S
015 C010903 MELBOURNE
015 D010903 AUSTRALIA
015 E040903 X
015 A000904 CREDITANSTALT BANKVEREIN
015 B000904 S
015 C010904 VIENNA
015 D010904 AUSTRIA
015 E040904 X
015 A000905 STANDARD CHARTERED BANK PLC
015 B000905 S
015 C010905 DHAKA
015 D010905 BANGLADESH
015 E040905 X
015 A000906 BANQUE BRUXELLES LAMBERT
015 B000906 S
015 C010906 BRUSSELS
015 D010906 BELGIUM
015 E040906 X
015 A000907 STANBIC BANK BOTSWANA LIMITED
015 B000907 S
015 C010907 GABORONE
015 D010907 BOTSWANA
015 E040907 X
015 A000908 THE FIRST NATIONAL BANK OF BOSTON
015 B000908 S
015 C010908 SAO PAULO
015 D010908 BRAZIL
015 E040908 X
015 A000909 ROYAL BANK OF CANADA
015 B000909 S
015 C010909 MONTREAL
015 D010909 CANADA
015 E040909 X
015 A000910 THE FIRST NATIONAL BANK OF BOSTON
015 B000910 S
015 C010910 SANTIAGO
015 D010910 CHILE
015 E040910 X
015 A000911 BANCO DE CHILE
015 B000911 S
015 C010911 SANTIAGO
015 D010911 CHILE
015 E040911 X
015 A000912 THE STANDARD CHARTERED BANK, HONG KONG
<PAGE> PAGE 43
015 B000912 S
015 C010912 HONG KONG
015 D010912 CHINA
015 E040912 X
015 A000913 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B000913 S
015 C010913 BOGOTA
015 D010913 COLOMBIA
015 E040913 X
015 A000914 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B000914 S
015 C010914 PRAGUE
015 D010914 CZECH REPUBLIC
015 E040914 X
015 A000915 DEN DANSKE BANK
015 B000915 S
015 C010915 COPENHAGEN
015 D010915 DENMARK
015 E040915 X
015 A000916 CITIBANK, N.A.
015 B000916 S
015 C010916 QUITO
015 D010916 ECUADOR
015 E040916 X
015 A000917 CITIBANK, N.A.- EGYPT BRANCH
015 B000917 S
015 C010917 CAIRO
015 D010917 EGYPT
015 E040917 X
015 A000918 MERITA BANK LTD.
015 B000918 S
015 C010918 HELSINKI
015 D010918 FINLAND
015 E040918 X
015 A000919 BANQUE PARIBAS
015 B000919 S
015 C010919 PARIS
015 D010919 FRANCE
015 E040919 X
015 A000920 CREDIT COMMERCIAL DE FRANCE
015 B000920 S
015 C010920 PARIS
015 D010920 FRANCE
015 E040920 X
015 A000921 DRESDNER BANK AG
015 B000921 S
015 C010921 FRANKFURT/MAIN
015 D010921 GERMANY
015 E040921 X
015 A000922 MERCHANT BANK (GHANA) LIMITED
015 B000922 S
<PAGE> PAGE 44
015 C010922 ACCRA
015 D010922 GHANA
015 E040922 X
015 A000923 NATIONAL BANK OF GREECE SA
015 B000923 S
015 C010923 ATHENS
015 D010923 GREECE
015 E040923 X
015 A000924 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000924 S
015 C010924 HONG KONG
015 D010924 HONG KONG
015 E040924 X
015 A000925 CITIBANK BUDAPEST RT.
015 B000925 S
015 C010925 BUDAPEST
015 D010925 HUNGARY
015 E040925 X
015 A000926 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000926 S
015 C010926 MUMBAI
015 D010926 INDIA
015 E040926 X
015 A000927 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000927 S
015 C010927 JAKARTA
015 D010927 INDONESIA
015 E040927 X
015 A000928 ALLIED IRISH BANKS, PLC
015 B000928 S
015 C010928 DUBLIN
015 D010928 IRELAND
015 E040928 X
015 A000929 BANK LEUMI LE-ISRAEL B.M.
015 B000929 S
015 C010929 TEL AVIV
015 D010929 ISRAEL
015 E040929 X
015 A000930 BANCA COMMERCIALE ITALIANA
015 B000930 S
015 C010930 MILAN
015 D010930 ITALY
015 E040930 X
015 A000931 BANQUE PARIBAS SA
015 B000931 S
015 C010931 MILAN
015 D010931 ITALY
015 E040931 X
015 A000932 JASDEC (DEPOSITORY)
015 B000932 S
015 C010932 TOKYO
<PAGE> PAGE 45
015 D010932 JAPAN
015 E040932 X
015 A000933 BANK OF TOKYO MITSUBISHI
015 B000933 S
015 C010933 TOKYO
015 D010933 JAPAN
015 E040933 X
015 A000934 THE BRITISH BANK OF THE MIDDLE EAST
015 B000934 S
015 C010934 AMMAN
015 D010934 JORDAN
015 E040934 X
015 A000935 STANBIC BANK KENYA LIMITED
015 B000935 S
015 C010935 NAIROBI
015 D010935 KENYA
015 E040935 X
015 A000936 CEDEL (DEPOSITORY)
015 B000936 S
015 C010936 LUXEMBOURG CITY
015 D010936 LUXEMBOURG
015 E040936 X
015 A000937 BANQUE INTERNATIONALE A LUXEMBOURG
015 B000937 S
015 C010937 LUXEMBOURG CITY
015 D010937 LUXEMBOURG
015 E040937 X
015 A000938 THE HONGKONG BANK MALAYSIA BERHAD
015 B000938 S
015 C010938 KUALA LUMPUR
015 D010938 MALAYSIA
015 E040938 X
015 A000939 BANCO NACIONAL DE MEXICO
015 B000939 S
015 C010939 MEXICO CITY
015 D010939 MEXICO
015 E040939 X
015 A000940 BANQUE COMMERCIALE DU MAROC
015 B000940 S
015 C010940 CASABLANCA
015 D010940 MOROCCO
015 E040940 X
015 A000941 STANBIC BANK NAMIBIA LIMITED
015 B000941 S
015 C010941 WINDHOEK
015 D010941 NAMIBIA
015 E040941 X
015 A000942 KAS-ASSOCIATIE NV
015 B000942 S
015 C010942 AMSTERDAM
015 D010942 NETHERLANDS
<PAGE> PAGE 46
015 E040942 X
015 A000943 MEESPIERSON
015 B000943 S
015 C010943 AMSTERDAM
015 D010943 NETHERLANDS
015 E040943 X
015 A000944 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000944 S
015 C010944 WELLINGTON
015 D010944 NEW ZEALAND
015 E040944 X
015 A000945 STANBIC MERCHANT BANK NIGERIA LIMITED
015 B000945 S
015 C010945 LAGOS
015 D010945 NIGERIA
015 E040945 X
015 A000946 DEN NORSKE BANK ASA
015 B000946 S
015 C010946 OSLO
015 D010946 NORWAY
015 E040946 X
015 A000947 STANDARD CHARTERED BANK
015 B000947 S
015 C010947 KARACHI
015 D010947 PAKISTAN
015 E040947 X
015 A000948 CITIBANK, N.A.
015 B000948 S
015 C010948 LIMA
015 D010948 PERU
015 E040948 X
015 A000949 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000949 S
015 C010949 MANILA
015 D010949 PHILIPPINES
015 E040949 X
015 A000950 BANK HANDLOWY W. WARSZAWIE S.A.
015 B000950 S
015 C010950 WARSAW
015 D010950 POLAND
015 E040950 X
015 A000951 BANCO COMERCIAL PORTUGUES, S.A.
015 B000951 S
015 C010951 LISBON
015 D010951 PORTUGAL
015 E040951 X
015 A000952 UNITED OVERSEAS BANK LIMITED
015 B000952 S
015 C010952 SINGAPORE
015 D010952 SINGAPORE
015 E040952 X
<PAGE> PAGE 47
015 A000953 DEVELOPMENT BANK OF SINGAPORE
015 B000953 S
015 C010953 SINGAPORE
015 D010953 SINGAPORE
015 E040953 X
015 A000954 CESKOSLOVENSKA OBCHODNA BANKA AS
015 B000954 S
015 C010954 BRATISLAVA
015 D010954 SLOVAK REPUBLIC
015 E040954 X
015 A000955 STANDARD CORPORATE AND MERCHANT BANK
015 B000955 S
015 C010955 JOHANNESBURG
015 D010955 SOUTH AFRICA
015 E040955 X
015 A000956 SEOULBANK
015 B000956 S
015 C010956 SEOUL
015 D010956 SOUTH KOREA
015 E040956 X
015 A000957 BANCO BILBAO VIZCAYA
015 B000957 S
015 C010957 MADRID
015 D010957 SPAIN
015 E040957 X
015 A000958 STANDARD CHARTERED BANK
015 B000958 S
015 C010958 COLOMBO
015 D010958 SRI LANKA
015 E040958 X
015 A000959 STANBIC BANK SWAZILAND LIMITED
015 B000959 S
015 C010959 MBABANE
015 D010959 SWAZILAND
015 E040959 X
015 A000960 SKANDINAVISKA ENSKILDA BANKEN
015 B000960 S
015 C010960 STOCKHOLM
015 D010960 SWEDEN
015 E040960 X
015 A000961 UNION BANK OF SWITZERLAND
015 B000961 S
015 C010961 ZURICH
015 D010961 SWITZERLAND
015 E040961 X
015 A000962 BANK LEU LTD.
015 B000962 S
015 C010962 ZURICH
015 D010962 SWITZERLAND
015 E040962 X
015 A000963 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
<PAGE> PAGE 48
015 B000963 S
015 C010963 TAIPEI
015 D010963 TAIWAN
015 E040963 X
015 A000964 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LTD.
015 B000964 S
015 C010964 BANGKOK
015 D010964 THAILAND
015 E040964 X
015 A000965 BANGKOK BANK PUBLIC COMPANY LTD.
015 B000965 S
015 C010965 BANGKOK
015 D010965 THAILAND
015 E040965 X
015 A000966 CITIBANK, N.A.- ISTANBUL BRANCH
015 B000966 S
015 C010966 ISTANBUL
015 D010966 TURKEY
015 E040966 X
015 A000967 THE BANK OF NEW YORK
015 B000967 S
015 C010967 LONDON
015 D010967 UNITED KINGDOM
015 E040967 X
015 A000968 FIRST CHICAGO CLEARING CENTRE
015 B000968 S
015 C010968 LONDON
015 D010968 UNITED KINGDOM
015 E040968 X
015 A000969 THE FIRST NATIONAL BANK OF BOSTON
015 B000969 S
015 C010969 MONTEVIDEO
015 D010969 URUGUAY
015 E040969 X
015 A000970 CITIBANK, N.A.
015 B000970 S
015 C010970 CARACAS
015 D010970 VENEZUELA
015 E040970 X
015 A000971 STANBIC BANK ZAMBIA LIMITED
015 B000971 S
015 C010971 LUSAKA
015 D010971 ZAMBIA
015 E040971 X
015 A000972 STANBIC BANK ZIMBABWE LIMITED
015 B000972 S
015 C010972 HARARE
015 D010972 ZIMBABWE
015 E040972 X
015 A000973 THE PHILIPPINE CENTRAL DEPOSITORY, INC.
015 B000973 S
<PAGE> PAGE 49
015 C010973 MAKATI CITY
015 D010973 PHILIPPINES
015 E040973 X
024 000900 N
025 D000901 0
025 D000902 0
025 D000903 0
025 D000904 0
025 D000905 0
025 D000906 0
025 D000907 0
025 D000908 0
062 A000900 Y
062 B000900 0.0
062 C000900 0.0
062 D000900 3.7
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 8.3
062 N000900 0.0
062 O000900 0.0
062 P000900 35.7
062 Q000900 9.8
062 R000900 41.3
070 A010900 Y
070 A020900 Y
070 B010900 Y
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 Y
070 K010900 N
<PAGE> PAGE 50
070 K020900 N
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 115146
071 B000900 130634
071 C000900 1279701
071 D000900 9
072 A000900 6
072 Y000900 0
072 Z000900 51556
072AA000900 33365
072BB000900 1905
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072DD010900 99614
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072EE000900 21398
073 A010900 1.3328
073 A020900 0.0000
073 B000900 0.2863
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074 N000900 1365229
074 O000900 48
074 P000900 519
074 Q000900 0
074 R010900 0
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074 R040900 575
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074 T000900 1364087
074 U010900 81550
074 U020900 0
074 V010900 16.73
074 V020900 0.00
074 W000900 0.0000
074 X000900 3
074 Y000900 10997
075 A000900 0
<PAGE> PAGE 51
075 B000900 1343272
015 A001001 BANK OF NEW YORK
015 B001001 C
015 C011001 NEW YORK
015 C021001 NY
015 C031001 10286
015 E011001 X
015 A001002 DELETE
015 A001003 DELETE
015 A001004 DELETE
015 A001005 DELETE
015 A001006 DELETE
015 A001007 DELETE
015 A001008 DELETE
015 A001009 DELETE
015 A001010 DELETE
015 A001011 DELETE
015 A001012 DELETE
015 A001013 DELETE
015 A001014 DELETE
015 A001015 DELETE
015 A001016 DELETE
015 A001017 DELETE
015 A001018 DELETE
015 A001019 DELETE
015 A001020 DELETE
015 A001021 DELETE
015 A001022 DELETE
015 A001023 DELETE
015 A001024 DELETE
015 A001025 DELETE
015 A001026 DELETE
015 A001027 DELETE
015 A001028 DELETE
015 A001029 DELETE
015 A001030 DELETE
015 A001031 DELETE
015 A001032 DELETE
015 A001033 DELETE
015 A001034 DELETE
015 A001035 DELETE
015 A001036 DELETE
015 A001037 DELETE
015 A001038 DELETE
015 A001039 DELETE
015 A001040 DELETE
015 A001041 DELETE
015 A001042 DELETE
015 A001043 DELETE
015 A001044 DELETE
015 A001045 DELETE
<PAGE> PAGE 52
015 A001046 DELETE
015 A001047 DELETE
015 A001048 DELETE
015 A001049 DELETE
015 A001050 DELETE
015 A001051 DELETE
015 A001052 DELETE
015 A001053 DELETE
015 A001054 DELETE
015 A001055 DELETE
015 A001056 DELETE
015 A001057 DELETE
015 A001058 DELETE
015 A001059 DELETE
015 A001060 DELETE
015 A001061 DELETE
015 A001062 DELETE
015 A001063 DELETE
015 A001064 DELETE
015 A001065 DELETE
015 A001066 DELETE
015 A001067 DELETE
015 A001068 DELETE
015 A001069 DELETE
015 A001070 DELETE
015 A001071 DELETE
015 A001072 DELETE
015 A001073 DELETE
024 001000 N
025 D001001 0
025 D001002 0
025 D001003 0
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025 D001005 0
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062 A001000 Y
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062 D001000 1.9
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062 M001000 1.3
062 N001000 96.0
<PAGE> PAGE 53
062 O001000 0.0
062 P001000 0.0
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062 R001000 0.0
070 A011000 Y
070 A021000 Y
070 B011000 N
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 N
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 N
070 K021000 N
070 L011000 N
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 N
070 O021000 N
070 P011000 Y
070 P021000 Y
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000 64267
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071 C001000 783161
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<PAGE> PAGE 54
072DD011000 42871
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075 B001000 803486
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
071 A001100 0
071 B001100 0
071 C001100 0
071 D001100 0
072 A001100 12
074 N001100 0
074 T001100 0
075 A001100 0
075 B001100 0
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 NEW YORK
015 B001201 C
015 C011201 NEW YORK
015 C021201 NY
015 C031201 10286
015 E011201 X
<PAGE> PAGE 55
015 A001202 THE BANK OF BOSTON
015 B001202 S
015 C011202 BUENOS AIRES
015 D011202 ARGENTINA
015 E041202 X
024 001200 N
025 D001201 0
025 D001202 0
025 D001203 0
025 D001204 0
025 D001205 0
025 D001206 0
025 D001207 0
025 D001208 0
028 A011200 451
028 A021200 0
028 A031200 0
028 A041200 3736
028 B011200 508
028 B021200 0
028 B031200 0
028 B041200 2480
028 C011200 1079
028 C021200 0
028 C031200 0
028 C041200 3294
028 D011200 660
028 D021200 0
028 D031200 0
028 D041200 2901
028 E011200 439
028 E021200 0
028 E031200 0
028 E041200 2174
028 F011200 2060
028 F021200 8337
028 F031200 0
028 F041200 2546
028 G011200 5197
028 G021200 8337
028 G031200 0
028 G041200 17131
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
<PAGE> PAGE 56
048 C011200 9750000
048 C021200 0.450
048 D011200 2500000
048 D021200 0.440
048 E011200 2500000
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
054 A001200 Y
054 B001200 Y
054 C001200 Y
054 D001200 N
054 E001200 N
054 F001200 N
054 G001200 Y
054 H001200 Y
054 I001200 N
054 J001200 Y
054 K001200 N
054 L001200 Y
054 M001200 Y
054 N001200 N
054 O001200 N
055 A001200 N
055 B001200 N
056 001200 N
057 001200 N
058 A001200 Y
058 B001200 Y
058 C001200 Y
058 D001200 Y
058 E001200 N
059 001200 Y
060 A001200 Y
<PAGE> PAGE 57
060 B001200 Y
061 001200 2000
062 A001200 Y
062 B001200 0.0
062 C001200 0.0
062 D001200 1.3
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 9.0
062 N001200 88.5
062 O001200 0.0
062 P001200 0.0
062 Q001200 1.6
062 R001200 0.0
063 A001200 0
063 B001200 3.4
064 A001200 N
064 B001200 N
066 A001200 N
067 001200 N
068 A001200 N
068 B001200 N
069 001200 N
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
<PAGE> PAGE 58
070 L011200 Y
070 L021200 N
070 M011200 Y
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 N
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200 0
071 B001200 13270
071 C001200 123300
071 D001200 0
072 A001200 6
072 B001200 4160
072 C001200 0
072 D001200 0
072 E001200 0
072 F001200 367
072 G001200 0
072 H001200 0
072 I001200 0
072 J001200 3
072 K001200 6
072 L001200 7
072 M001200 1
072 N001200 0
072 O001200 0
072 P001200 0
072 Q001200 0
072 R001200 2
072 S001200 1
072 T001200 0
072 U001200 0
072 V001200 0
072 W001200 4
072 X001200 391
072 Y001200 145
072 Z001200 3914
072AA001200 752
072BB001200 0
072CC011200 0
072CC021200 1908
072DD011200 8152
072DD021200 0
072EE001200 184
<PAGE> PAGE 59
073 A011200 1.0560
073 A021200 0.0000
073 B001200 0.0240
073 C001200 0.0000
074 A001200 0
074 B001200 1564
074 C001200 0
074 D001200 119349
074 E001200 0
074 F001200 0
074 G001200 0
074 H001200 0
074 I001200 0
074 J001200 0
074 K001200 0
074 L001200 0
074 M001200 0
074 N001200 120913
074 O001200 0
074 P001200 37
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 451
074 S001200 0
074 T001200 120425
074 U011200 8324
074 U021200 0
074 V011200 14.47
074 V021200 0.00
074 W001200 0.0000
074 X001200 3
074 Y001200 7371
075 A001200 0
075 B001200 122965
076 001200 0.00
015 A001301 BANK OF NEW YORK
015 B001301 C
015 C011301 NEW YORK
015 C021301 NY
015 C031301 10286
015 E011301 X
015 A001302 THE BANK OF BOSTON
015 B001302 S
015 C011302 BUENOS AIRES
015 D011302 ARGENTINA
015 E041302 X
015 A001303 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001303 S
015 C011303 MELBOURNE
<PAGE> PAGE 60
015 D011303 AUSTRALIA
015 E041303 X
015 A001304 CREDITANSTALT-BANKVEREIN
015 B001304 S
015 C011304 VIENNA
015 D011304 AUSTRIA
015 E041304 X
015 A001305 STANDARD CHARTERED BANK PLC
015 B001305 S
015 C011305 DHAKA
015 D011305 BANGLADESH
015 E041305 X
015 A001306 BANQUE BRUXELLES LAMBERT
015 B001306 S
015 C011306 BRUSSELS
015 D011306 BELGIUM
015 E041306 X
015 A001307 STANBIC BANK BOTSWANA LIMITED
015 B001307 S
015 C011307 GABARONE
015 D011307 BOTSWANA
015 E041307 X
015 A001308 THE FIRST NATIONAL BANK OF BOSTON
015 B001308 S
015 C011308 SAO PAULO
015 D011308 BRAZIL
015 E041308 X
015 A001309 ROYAL BANK OF CANADA
015 B001309 S
015 C011309 MONTREAL
015 D011309 CANADA
015 E041309 X
015 A001310 THE FIRST NATIONAL BANK OF BOSTON
015 B001310 S
015 C011310 SANTIAGO
015 D011310 CHILE
015 E041310 X
015 A001311 BANCO DE CHILE
015 B001311 S
015 C011311 SANTIAGO
015 D011311 CHILE
015 E041311 X
015 A001312 THE STANDARD CHARTERED BANK, HONG KONG
015 B001312 S
015 C011312 HONG KONG
015 D011312 CHINA
015 E041312 X
015 A001313 CITITRUST COLOMBIA SA SOCIEDAD FIDUCIARIA
015 B001313 S
015 C011313 BOGOTA
015 D011313 COLOMBIA
<PAGE> PAGE 61
015 E041313 X
015 A001314 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001314 S
015 C011314 PRAGUE
015 D011314 CZECH REPUBLIC
015 E041314 X
015 A001315 DEN DANSKE BANK
015 B001315 S
015 C011315 COPENHAGEN
015 D011315 DENMARK
015 E041315 X
015 A001316 CITIBANK, N.A.
015 B001316 S
015 C011316 QUITO
015 D011316 ECUADOR
015 E041316 X
015 A001317 CITIBANK, N.A. EGYPT BRANCH
015 B001317 S
015 C011317 CAIRO
015 D011317 EGYPT
015 E041317 X
015 A001318 MERITA BANK LTD.
015 B001318 S
015 C011318 HELSINKI
015 D011318 FINLAND
015 E041318 X
015 A001319 BANQUE PARIBAS
015 B001319 S
015 C011319 PARIS
015 D011319 FRANCE
015 E041319 X
015 A001320 CREDIT COMMERCIAL DE FRANCE
015 B001320 S
015 C011320 PARIS
015 D011320 FRANCE
015 E041320 X
015 A001321 DRESDNER BANK A.G.
015 B001321 S
015 C011321 FRANKFURT/MAIN
015 D011321 GERMANY
015 E041321 X
015 A001322 MERCHANT BANK (GHANA) LIMITED
015 B001322 S
015 C011322 ACCRA
015 D011322 GHANA
015 E041322 X
015 A001323 NATIONAL BANK OF GREECE S.A.
015 B001323 S
015 C011323 ATHENS
015 D011323 GREECE
015 E041323 X
<PAGE> PAGE 62
015 A001324 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001324 S
015 C011324 HONG KONG
015 D011324 HONG KONG
015 E041324 X
015 A001325 CITIBANK BUDAPEST RT.
015 B001325 S
015 C011325 BUDAPEST
015 D011325 HUNGARY
015 E041325 X
015 A001326 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001326 S
015 C011326 MUMBAI
015 D011326 INDIA
015 E041326 X
015 A001327 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001327 S
015 C011327 JAKARTA
015 D011327 INDONESIA
015 E041327 X
015 A001328 ALLIED IRISH BANKS, PLC
015 B001328 S
015 C011328 DUBLIN
015 D011328 IRELAND
015 E041328 X
015 A001329 BANK LEUMI LE-ISRAEL, B.M.
015 B001329 S
015 C011329 TEL AVIV
015 D011329 ISRAEL
015 E041329 X
015 A001330 BANCA COMMERCIALE ITALIANA
015 B001330 S
015 C011330 MILAN
015 D011330 ITALY
015 E041330 X
015 A001331 BANQUE PARIBAS
015 B001331 S
015 C011331 MILAN
015 D011331 ITALY
015 E041331 X
015 A001332 JASDEC (DEPOSITORY)
015 B001332 S
015 C011332 TOKYO
015 D011332 JAPAN
015 E041332 X
015 A001333 BANK OF TOKYO MITSUBISHI
015 B001333 S
015 C011333 TOKYO
015 D011333 JAPAN
015 E041333 X
015 A001334 THE BRITISH BANK OF THE MIDDLE EAST
<PAGE> PAGE 63
015 B001334 S
015 C011334 AMMAN
015 D011334 JORDAN
015 E041334 X
015 A001335 STANBIC BANK KENYA LIMITED
015 B001335 S
015 C011335 NAIROBI
015 D011335 KENYA
015 E041335 X
015 A001336 CEDEL (DEPOSITORY)
015 B001336 S
015 C011336 LUXEMBOURG CITY
015 D011336 LUXEMBOURG
015 E041336 X
015 A001337 BANQUE INTERNATIONALE A LUXEMBOURG
015 B001337 S
015 C011337 LUXEMBOURG CITY
015 D011337 LUXEMBOURG
015 E041337 X
015 A001338 THE HONGKONG BANK MALAYSIA BERHAD
015 B001338 S
015 C011338 KUALA LUMPUR
015 D011338 MALAYSIA
015 E041338 X
015 A001339 BANCO NACIONAL DE MEXICO
015 B001339 S
015 C011339 MEXICO CITY
015 D011339 MEXICO
015 E041339 X
015 A001340 BANQUE COMMERCIALE DU MAROC
015 B001340 S
015 C011340 CASABLANCA
015 D011340 MOROCCO
015 E041340 X
015 A001341 STANBIC BANK NAMIBIA LIMITED
015 B001341 S
015 C011341 WINDHOEK
015 D011341 NAMIBIA
015 E041341 X
015 A001342 KAS-ASSOCIATIE NV
015 B001342 S
015 C011342 AMSTERDAM
015 D011342 NETHERLANDS
015 E041342 X
015 A001343 MEESPIERSON NV
015 B001343 S
015 C011343 AMSTERDAM
015 D011343 NETHERLANDS
015 E041343 X
015 A001344 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001344 S
<PAGE> PAGE 64
015 C011344 WELLINGTON
015 D011344 NEW ZEALAND
015 E041344 X
015 A001345 STANBIC MERCHANT BANK NIGERIA LIMITED
015 B001345 S
015 C011345 LAGOS
015 D011345 NIGERIA
015 E041345 X
015 A001346 DEN NORSKE BANK
015 B001346 S
015 C011346 OSLO
015 D011346 NORWAY
015 E041346 X
015 A001347 STANDARD CHARTERED BANK
015 B001347 S
015 C011347 KARACHI
015 D011347 PAKISTAN
015 E041347 X
015 A001348 CITIBANK, N.A.
015 B001348 S
015 C011348 LIMA
015 D011348 PERU
015 E041348 X
015 A001349 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001349 S
015 C011349 MANILA
015 D011349 PHILIPPINES
015 E041349 X
015 A001350 BANK HANDLOWY W WARZAWIE S.A.
015 B001350 S
015 C011350 WARSAW
015 D011350 POLAND
015 E041350 X
015 A001351 BANCO COMERCIAL PORTUGUES, S.A.
015 B001351 S
015 C011351 LISBON
015 D011351 PORTUGAL
015 E041351 X
015 A001352 UNITED OVERSEAS BANK LIMITED
015 B001352 S
015 C011352 SINGAPORE
015 D011352 SINGAPORE
015 E041352 X
015 A001353 DEVELOPMENT BANK OF SINGAPORE
015 B001353 S
015 C011353 SINGAPORE
015 D011353 SINGAPORE
015 E041353 X
015 A001354 CESKOSLOVENSKA OBCHODNA BANKA AS
015 B001354 S
015 C011354 BRATISLAVA
<PAGE> PAGE 65
015 D011354 SLOVAK REPUBLIC
015 E041354 X
015 A001355 STANDARD CORPORATE AND MERCHANT BANK
015 B001355 S
015 C011355 JOHANNESBURG
015 D011355 SOUTH AFRICA
015 E041355 X
015 A001356 SEOULBANK
015 B001356 S
015 C011356 SEOUL
015 D011356 SOUTH KOREA
015 E041356 X
015 A001357 BANCO BILBAO VIZCAYA
015 B001357 S
015 C011357 MADRID
015 D011357 SPAIN
015 E041357 X
015 A001358 STANDARD CHARTERED BANK
015 B001358 S
015 C011358 COLOMBO
015 D011358 SRI LANKA
015 E041358 X
015 A001359 STANBIC BANK SWAZILAND LIMITED
015 B001359 S
015 C011359 MBABANE
015 D011359 SWAZILAND
015 E041359 X
015 A001360 SKANDINAVISKA ENSKILDA BANKEN
015 B001360 S
015 C011360 STOCKHOLM
015 D011360 SWEDEN
015 E041360 X
015 A001361 UNION BANK OF SWITZERLAND
015 B001361 S
015 C011361 ZURICH
015 D011361 SWITZERLAND
015 E041361 X
015 A001362 BANK LEU LTD.
015 B001362 S
015 C011362 ZURICH
015 D011362 SWITZERLAND
015 E041362 X
015 A001363 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001363 S
015 C011363 TAIPEI
015 D011363 TAIWAN
015 E041363 X
015 A001364 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LTD.
015 B001364 S
015 C011364 BANGKOK
015 D011364 THAILAND
<PAGE> PAGE 66
015 E041364 X
015 A001365 BANGKOK BANK PUBLIC COMPANY LTD.
015 B001365 S
015 C011365 BANGKOK
015 D011365 THAILAND
015 E041365 X
015 A001366 CITIBANK, N.A. ISTANBUL BRANCH
015 B001366 S
015 C011366 ISTANBUL
015 D011366 TURKEY
015 E041366 X
015 A001367 THE BANK OF NEW YORK
015 B001367 S
015 C011367 LONDON
015 D011367 UNITED KINGDOM
015 E041367 X
015 A001368 FIRST CHICAGO CLEARING CENTRE
015 B001368 S
015 C011368 LONDON
015 D011368 UNITED KINGDOM
015 E041368 X
015 A001369 THE FIRST NATIONAL BANK OF BOSTON
015 B001369 S
015 C011369 MONTEVIDEO
015 D011369 URUGUAY
015 E041369 X
015 A001370 CITIBANK, N.A.
015 B001370 S
015 C011370 CARACAS
015 D011370 VENEZUELA
015 E041370 X
015 A001371 STANBIC BANK ZAMBIA LIMITED
015 B001371 S
015 C011371 LUSAKA
015 D011371 ZAMBIA
015 E041371 X
015 A001372 STANBIC BANK ZIMBABWE LIMITED
015 B001372 S
015 C011372 HARARE
015 D011372 ZIMBABWE
015 E041372 X
015 A001373 THE PHILIPPINE CENTRAL DEPOSITORY, INC.
015 B001373 S
015 C011373 MAKATI CITY
015 D011373 PHILIPPENES
015 E041373 X
015 A001374 BANCO BILBAO VIZCAYA
015 B001374 MADRID
015 C041374 SPAIN
015 E031374 X
015 A001374 BANCO BILBAO VIZCAYA
<PAGE> PAGE 67
015 B001374 MADRID
015 C041374 SPAIN
015 E031374 X
015 A001373 THE PHILIPPINE CENTRAL DEPOSITORY, INC.
015 B001373 S
015 C011373 MAKATI CITY
015 D011373 PHILIPPENES
015 E041373 X
024 001300 N
025 D001301 0
025 D001302 0
025 D001303 0
025 D001304 0
025 D001305 0
025 D001306 0
025 D001307 0
025 D001308 0
028 A011300 459
028 A021300 0
028 A031300 0
028 A041300 2312
028 B011300 427
028 B021300 0
028 B031300 0
028 B041300 2169
028 C011300 1243
028 C021300 0
028 C031300 0
028 C041300 1819
028 D011300 719
028 D021300 0
028 D031300 0
028 D041300 1879
028 E011300 677
028 E021300 0
028 E031300 0
028 E041300 1768
028 F011300 628
028 F021300 4957
028 F031300 0
028 F041300 2287
028 G011300 4153
028 G021300 4957
028 G031300 0
028 G041300 12234
028 H001300 0
045 001300 Y
046 001300 N
047 001300 Y
048 001300 0.000
048 A011300 100000
<PAGE> PAGE 68
048 A021300 0.625
048 B011300 150000
048 B021300 0.500
048 C011300 9750000
048 C021300 0.450
048 D011300 2500000
048 D021300 0.440
048 E011300 2500000
048 E021300 0.420
048 F011300 0
048 F021300 0.000
048 G011300 0
048 G021300 0.000
048 H011300 0
048 H021300 0.000
048 I011300 0
048 I021300 0.000
048 J011300 0
048 J021300 0.000
048 K011300 15000000
048 K021300 0.400
049 001300 N
050 001300 N
051 001300 N
052 001300 N
053 A001300 Y
053 B001300 Y
053 C001300 N
054 A001300 Y
054 B001300 Y
054 C001300 Y
054 D001300 N
054 E001300 N
054 F001300 N
054 G001300 Y
054 H001300 Y
054 I001300 N
054 J001300 Y
054 K001300 N
054 L001300 Y
054 M001300 Y
054 N001300 N
054 O001300 N
055 A001300 N
055 B001300 N
056 001300 N
057 001300 N
058 A001300 Y
058 B001300 Y
058 C001300 Y
058 D001300 Y
<PAGE> PAGE 69
058 E001300 N
059 001300 Y
060 A001300 Y
060 B001300 Y
061 001300 2000
062 A001300 Y
062 B001300 0.0
062 C001300 0.0
062 D001300 0.0
062 E001300 0.0
062 F001300 0.0
062 G001300 0.0
062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
062 K001300 0.0
062 L001300 0.0
062 M001300 12.2
062 N001300 84.3
062 O001300 0.0
062 P001300 0.0
062 Q001300 3.5
062 R001300 0.0
063 A001300 0
063 B001300 8.2
064 A001300 N
064 B001300 N
066 A001300 N
067 001300 N
068 A001300 N
068 B001300 N
069 001300 N
070 A011300 Y
070 A021300 Y
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
<PAGE> PAGE 70
070 J021300 N
070 K011300 N
070 K021300 N
070 L011300 Y
070 L021300 N
070 M011300 Y
070 M021300 N
070 N011300 Y
070 N021300 N
070 O011300 N
070 O021300 N
070 P011300 Y
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300 0
071 B001300 8188
071 C001300 78263
071 D001300 0
072 A001300 6
072 B001300 2605
072 C001300 0
072 D001300 0
072 E001300 0
072 F001300 242
072 G001300 0
072 H001300 0
072 I001300 0
072 J001300 0
072 K001300 3
072 L001300 2
072 M001300 0
072 N001300 0
072 O001300 0
072 P001300 0
072 Q001300 0
072 R001300 2
072 S001300 0
072 T001300 0
072 U001300 0
072 V001300 0
072 W001300 2
072 X001300 251
072 Y001300 95
072 Z001300 2449
072AA001300 579
072BB001300 1
072CC011300 0
072CC021300 1419
<PAGE> PAGE 71
072DD011300 4940
072DD021300 0
072EE001300 17
073 A011300 1.0645
073 A021300 0.0000
073 B001300 0.0037
073 C001300 0.0000
074 A001300 1
074 B001300 27
074 C001300 0
074 D001300 76128
074 E001300 0
074 F001300 0
074 G001300 0
074 H001300 0
074 I001300 0
074 J001300 0
074 K001300 0
074 L001300 0
074 M001300 0
074 N001300 76156
074 O001300 0
074 P001300 24
074 Q001300 0
074 R011300 0
074 R021300 0
074 R031300 0
074 R041300 1
074 S001300 0
074 T001300 76131
074 U011300 4868
074 U021300 0
074 V011300 15.64
074 V021300 0.00
074 W001300 0.0000
074 X001300 3
074 Y001300 2200
075 A001300 0
075 B001300 78103
076 001300 0.00
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 NEW YORK
015 B001401 C
015 C011401 NEW YORK
015 C021401 NY
<PAGE> PAGE 72
015 C031401 10286
015 E011401 X
015 A001402 THE BANK OF BOSTON
015 B001402 S
015 C011402 BUENOS AIRES
015 D011402 ARGENTINA
015 E041402 X
015 A001403 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001403 S
015 C011403 MELBOURNE
015 D011403 AUSTRALIA
015 E041403 X
015 A001404 CREDITANSTALT-BANKVEREIN
015 B001404 S
015 C011404 VIENNA
015 D011404 AUSTRIA
015 E041404 X
015 A001405 STANDARD CHARTERED BANK PLC
015 B001405 S
015 C011405 DHAKA
015 D011405 BANGLADESH
015 E041405 X
015 A001406 BANQUE BRUXELLES LAMBERT
015 B001406 S
015 C011406 BRUSSELS
015 D011406 BELGIUM
015 E041406 X
015 A001407 STANBIC BANK BOTSWANA LIMITED
015 B001407 S
015 C011407 GABORONE
015 D011407 BOTSWANA
015 E041407 X
015 A001408 THE FIRST NATIONAL BANK OF BOSTON
015 B001408 S
015 C011408 SAO PAULO
015 D011408 BRAZIL
015 E041408 X
015 A001409 ROYAL BANK OF CANADA
015 B001409 S
015 C011409 MONTREAL
015 D011409 CANADA
015 E041409 X
015 A001410 THE FIRST NATIONAL BANK OF BOSTON
015 B001410 S
015 C011410 SANTIAGO
015 D011410 CHILE
015 E041410 X
015 A001411 BANCO DE CHILE
015 B001411 S
015 C011411 SANTIAGO
015 D011411 CHILE
<PAGE> PAGE 73
015 E041411 X
015 A001412 THE STANDARD CHARTERED BANK, HONG KONG
015 B001412 S
015 C011412 HONG KONG
015 D011412 CHINA
015 E041412 X
015 A001413 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B001413 S
015 C011413 BOGOTA
015 D011413 COLOMBIA
015 E041413 X
015 A001414 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001414 S
015 C011414 PRAGUE
015 D011414 CZECH REPUBLIC
015 E041414 X
015 A001415 DEN DANSKE BANK
015 B001415 S
015 C011415 COPENHAGEN
015 D011415 DENMARK
015 E041415 X
015 A001416 CITIBANK, N.A.
015 B001416 S
015 C011416 QUITO
015 D011416 ECUADOR
015 E041416 X
015 A001417 CITIBANK, N.A.
015 B001417 S
015 C011417 CAIRO
015 D011417 EGYPT
015 E041417 X
015 A001418 MERITA BANK LTD.
015 B001418 S
015 C011418 HELSINKI
015 D011418 FINLAND
015 E041418 X
015 A001419 BANQUE PARIBAS
015 B001419 S
015 C011419 PARIS
015 D011419 FRANCE
015 E041419 X
015 A001420 CREDIT COMMERCIAL DE FRANCE
015 B001420 S
015 C011420 PARIS
015 D011420 FRANCE
015 E041420 X
015 A001421 DRESDNER BANK A.G.
015 B001421 S
015 C011421 FRANKFURT
015 D011421 GERMANY
015 E041421 X
<PAGE> PAGE 74
015 A001422 MERCHANT BANK LIMITED
015 B001422 S
015 C011422 ACCRA
015 D011422 GHANA
015 E041422 X
015 A001423 NATIONAL BANK OF GREECE S.A.
015 B001423 S
015 C011423 ATHENS
015 D011423 GREECE
015 E041423 X
015 A001424 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001424 S
015 C011424 HONG KONG
015 D011424 HONG KONG
015 E041424 X
015 A001425 CITIBANK BUDAPEST RT.
015 B001425 S
015 C011425 BUDAPEST
015 D011425 HUNGARY
015 E041425 X
015 A001426 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001426 S
015 C011426 MUMBAI
015 D011426 INDIA
015 E041426 X
015 A001427 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001427 S
015 C011427 JAKARTA
015 D011427 INDONESIA
015 E041427 X
015 A001428 ALLIED IRISH BANKS, PLC
015 B001428 S
015 C011428 DUBLIN
015 D011428 IRELAND
015 E041428 X
015 A001429 BANK LEUMI LE-ISRAEL, B.M.
015 B001429 S
015 C011429 TEL AVIV
015 D011429 ISRAEL
015 E041429 X
015 A001430 BANCA COMMERCIALE ITALIANA
015 B001430 S
015 C011430 MILAN
015 D011430 ITALY
015 E041430 X
015 A001431 BANQUE PARIBAS
015 B001431 S
015 C011431 MILAN
015 D011431 ITALY
015 E041431 X
015 A001432 JASDEC
<PAGE> PAGE 75
015 B001432 S
015 C011432 TOKYO
015 D011432 JAPAN
015 E041432 X
015 A001433 BANK OF TOKYO MITSUBISHI
015 B001433 S
015 C011433 TOKYO
015 D011433 JAPAN
015 E041433 X
015 A001434 THE BRITISH BANK OF THE MIDDLE EAST
015 B001434 S
015 C011434 AMMAN
015 D011434 JORDAN
015 E041434 X
015 A001435 STANBIC BANK KENYA LIMITED
015 B001435 S
015 C011435 NAIROBI
015 D011435 KENYA
015 E041435 X
015 A001436 CEDEL
015 B001436 S
015 C011436 LUXEMBOURG CITY
015 D011436 LUXEMBOURG
015 E041436 X
015 A001437 BANQUE INTERNATIONALE A LUXEMBOURG
015 B001437 S
015 C011437 LUXEMBOURG CITY
015 D011437 LUXEMBOURG
015 E041437 X
015 A001438 THE HONGKONG BANK MALAYSIA BERHAD
015 B001438 S
015 C011438 KUALA LUMPUR
015 D011438 MALAYSIA
015 E041438 X
015 A001439 BANCO NACIONAL DE MEXICO
015 B001439 S
015 C011439 MEXICO CITY
015 D011439 MEXICO
015 E041439 X
015 A001440 BANQUE COMMERCIALE DU MAROC
015 B001440 S
015 C011440 CASABLANCA
015 D011440 MOROCCO
015 E041440 X
015 A001441 STANBIC BANK NAMIBIA LIMITED
015 B001441 S
015 C011441 WINDHOEK
015 D011441 NAMIBIA
015 E041441 X
015 A001442 KAS-ASSOCIATIE NV
015 B001442 S
<PAGE> PAGE 76
015 C011442 AMSTERDAM
015 D011442 NETHERLANDS
015 E041442 X
015 A001443 MEESPIERSON NV
015 B001443 S
015 C011443 AMSTERDAM
015 D011443 NETHERLANDS
015 E041443 X
015 A001444 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001444 S
015 C011444 WELLINGTON
015 D011444 NEW ZEALAND
015 E041444 X
015 A001445 STANBIC MERCHANT BANK NIGERIA LIMITED
015 B001445 S
015 C011445 LAGOS
015 D011445 NIGERIA
015 E041445 X
015 A001446 DEN NORSKE BANK
015 B001446 S
015 C011446 OSLO
015 D011446 NORWAY
015 E041446 X
015 A001447 STANDARD CHARTERED BANK
015 B001447 S
015 C011447 KARACHI
015 D011447 PAKISTAN
015 E041447 X
015 A001448 CITIBANK, N.A.
015 B001448 S
015 C011448 LIMA
015 D011448 PERU
015 E041448 X
015 A001449 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001449 S
015 C011449 MANILA
015 D011449 PHILIPPINES
015 E041449 X
015 A001450 BANK HANDLOWY W. WARZAWIE, S.A.
015 B001450 S
015 C011450 WARSAW
015 D011450 POLAND
015 E041450 X
015 A001451 BANCO COMERCIAL PORTUGUES
015 B001451 S
015 C011451 LISBON
015 D011451 PORTUGAL
015 E041451 X
015 A001452 UNITED OVERSEAS BANK LIMITED
015 B001452 S
015 C011452 SINGAPORE
<PAGE> PAGE 77
015 D011452 SINGAPORE
015 E041452 X
015 A001453 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B001453 S
015 C011453 SINGAPORE
015 D011453 SINGAPORE
015 E041453 X
015 A001454 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001454 S
015 C011454 BRATISLAVA
015 D011454 SLOVAK REPUBLIC
015 E041454 X
015 A001455 STANDARD CORPORATE AND MERCHANT BANK
015 B001455 S
015 C011455 JOHANNESBURG
015 D011455 SOUTH AFRICA
015 E041455 X
015 A001456 SEOULBANK
015 B001456 S
015 C011456 SEOUL
015 D011456 SOUTH KOREA
015 E041456 X
015 A001457 BANCO BILBAO VIZCAYA
015 B001457 S
015 C011457 MADRID
015 D011457 SPAIN
015 E041457 X
015 A001458 STANDARD CHARTERED BANK
015 B001458 S
015 C011458 COLOMBO
015 D011458 SRI LANKA
015 E041458 X
015 A001459 STANBIC BANK SWAZILAND LTD.
015 B001459 S
015 C011459 MBABANE
015 D011459 SWAZILAND
015 E041459 X
015 A001460 SKANDINAVISKA ENSKILDA BANKEN
015 B001460 S
015 C011460 STOCKHOLM
015 D011460 SWEDEN
015 E041460 X
015 A001461 UNION BANK OF SWITZERLAND
015 B001461 S
015 C011461 ZURICH
015 D011461 SWITZERLAND
015 E041461 X
015 A001462 BANK LEU LTD.
015 B001462 S
015 C011462 ZURICH
015 D011462 SWITZERLAND
<PAGE> PAGE 78
015 E041462 X
015 A001463 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001463 S
015 C011463 TAIPEI
015 D011463 TAIWAN
015 E041463 X
015 A001464 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LTD.
015 B001464 S
015 C011464 BANGKOK
015 D011464 THAILAND
015 E041464 X
015 A001465 BANGKOK BANK PUBLIC COMPANY LTD.
015 B001465 S
015 C011465 BANGKOK
015 D011465 THAILAND
015 E041465 X
015 A001466 CITIBANK, N.A.
015 B001466 S
015 C011466 ISTANBUL
015 D011466 TURKEY
015 E041466 X
015 A001467 THE BANK OF NEW YORK
015 B001467 S
015 C011467 LONDON
015 D011467 UNITED KINGDOM
015 E041467 X
015 A001468 FIRST CHICAGO CLEARING CENTRE
015 B001468 S
015 C011468 LONDON
015 D011468 UNITED KINGDOM
015 E041468 X
015 A001469 THE FIRST NATIONAL BANK OF BOSTON
015 B001469 S
015 C011469 MONTEVIDEO
015 D011469 URUGUAY
015 E041469 X
015 A001470 CITIBANK, N.A.
015 B001470 S
015 C011470 CARACAS
015 D011470 VENEZUELA
015 E041470 X
015 A001471 STANBIC BANK ZAMBIA LIMITED
015 B001471 S
015 C011471 LUSAKA
015 D011471 ZAMBIA
015 E041471 X
015 A001472 STANBIC BANK ZIMBABWE LIMITED
015 B001472 S
015 C011472 HARARE
015 D011472 ZIMBABWE
015 E041472 X
<PAGE> PAGE 79
024 001400 N
025 D001401 0
025 D001402 0
025 D001403 0
025 D001404 0
025 D001405 0
025 D001406 0
025 D001407 0
025 D001408 0
028 A011400 4720
028 A021400 0
028 A031400 0
028 A041400 1869
028 B011400 1784
028 B021400 0
028 B031400 0
028 B041400 2330
028 C011400 2676
028 C021400 0
028 C031400 0
028 C041400 3405
028 D011400 1923
028 D021400 0
028 D031400 0
028 D041400 3293
028 E011400 1063
028 E021400 0
028 E031400 0
028 E041400 1552
028 F011400 1261
028 F021400 4918
028 F031400 0
028 F041400 2933
028 G011400 13427
028 G021400 4918
028 G031400 0
028 G041400 15382
028 H001400 0
045 001400 Y
046 001400 N
047 001400 Y
048 001400 0.000
048 A011400 100000
048 A021400 0.625
048 B011400 150000
048 B021400 0.500
048 C011400 9750000
048 C021400 0.450
048 D011400 2500000
048 D021400 0.440
048 E011400 2500000
<PAGE> PAGE 80
048 E021400 0.420
048 F011400 0
048 F021400 0.000
048 G011400 0
048 G021400 0.000
048 H011400 0
048 H021400 0.000
048 I011400 0
048 I021400 0.000
048 J011400 0
048 J021400 0.000
048 K011400 15000000
048 K021400 0.400
049 001400 N
050 001400 N
051 001400 N
052 001400 N
053 A001400 Y
053 B001400 Y
053 C001400 N
054 A001400 Y
054 B001400 Y
054 C001400 Y
054 D001400 N
054 E001400 N
054 F001400 N
054 G001400 Y
054 H001400 Y
054 I001400 N
054 J001400 Y
054 K001400 N
054 L001400 Y
054 M001400 Y
054 N001400 N
054 O001400 N
055 A001400 N
055 B001400 N
056 001400 N
057 001400 N
058 A001400 Y
058 B001400 Y
058 C001400 Y
058 D001400 Y
058 E001400 N
059 001400 Y
060 A001400 Y
060 B001400 Y
061 001400 2000
062 A001400 Y
062 B001400 0.0
062 C001400 0.0
<PAGE> PAGE 81
062 D001400 0.1
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 10.1
062 N001400 84.9
062 O001400 0.0
062 P001400 0.0
062 Q001400 5.1
062 R001400 0.0
063 A001400 0
063 B001400 13.2
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
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
<PAGE> PAGE 82
070 N021400 N
070 O011400 N
070 O021400 N
070 P011400 Y
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
071 A001400 1189
071 B001400 3638
071 C001400 76854
071 D001400 2
072 A001400 6
072 B001400 2656
072 C001400 0
072 D001400 0
072 E001400 0
072 F001400 243
072 G001400 0
072 H001400 0
072 I001400 0
072 J001400 1
072 K001400 3
072 L001400 2
072 M001400 0
072 N001400 0
072 O001400 0
072 P001400 0
072 Q001400 0
072 R001400 2
072 S001400 0
072 T001400 0
072 U001400 0
072 V001400 0
072 W001400 2
072 X001400 253
072 Y001400 96
072 Z001400 2499
072AA001400 30
072BB001400 200
072CC011400 0
072CC021400 846
072DD011400 4879
072DD021400 0
072EE001400 39
073 A011400 1.0132
073 A021400 0.0000
073 B001400 0.0081
073 C001400 0.0000
074 A001400 0
<PAGE> PAGE 83
074 B001400 71
074 C001400 0
074 D001400 78437
074 E001400 0
074 F001400 0
074 G001400 0
074 H001400 0
074 I001400 0
074 J001400 0
074 K001400 0
074 L001400 13
074 M001400 0
074 N001400 78521
074 O001400 0
074 P001400 17
074 Q001400 0
074 R011400 0
074 R021400 0
074 R031400 0
074 R041400 160
074 S001400 0
074 T001400 78344
074 U011400 5028
074 U021400 0
074 V011400 15.58
074 V021400 0.00
074 W001400 0.0000
074 X001400 3
074 Y001400 0
075 A001400 0
075 B001400 78470
076 001400 0.00
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 NEW YORK
015 B001501 C
015 C011501 NEW YORK
015 C021501 NY
015 C031501 10286
015 E011501 X
015 A001502 THE BANK OF BOSTON
015 B001502 S
015 C011502 BUENOS AIRES
015 D011502 ARGENTINA
015 E041502 X
015 A001503 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
<PAGE> PAGE 84
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 PLC
015 B001505 S
015 C011505 DHAKA
015 D011505 BANGLADESH
015 E041505 X
015 A001506 BANQUE BRUXELLES LAMBERT
015 B001506 S
015 C011506 BRUSSELS
015 D011506 BELGIUM
015 E041506 X
015 A001507 STANBIC BANK BOTSWANA LIMITED
015 B001507 S
015 C011507 GABORONE
015 D011507 BOTSWANA
015 E041507 X
015 A001508 THE FIRST NATIONAL BANK OF BOSTON
015 B001508 S
015 C011508 SAO PAULO
015 D011508 BRAZIL
015 E041508 X
015 A001509 ROYAL BANK OF CANADA
015 B001509 S
015 C011509 MONTREAL
015 D011509 CANADA
015 E041509 X
015 A001510 THE FIRST NATIONAL BANK OF BOSTON
015 B001510 S
015 C011510 SANTIAGO
015 D011510 CHILE
015 E041510 X
015 A001511 BANCO DE CHILE
015 B001511 S
015 C011511 SANTIAGO
015 D011511 CHILE
015 E041511 X
015 A001512 THE STANDARD CHARTERED BANK, HONG KONG
015 B001512 S
015 C011512 HONG KONG
015 D011512 CHINA
015 E041512 X
015 A001513 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B001513 S
<PAGE> PAGE 85
015 C011513 BOGOTA
015 D011513 COLOMBIA
015 E041513 X
015 A001514 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001514 S
015 C011514 PRAGUE
015 D011514 CZECH REPUBLIC
015 E041514 X
015 A001515 DEN DANSKE BANK
015 B001515 S
015 C011515 COPENHAGEN
015 D011515 DENMARK
015 E041515 X
015 A001516 CITIBANK, N.A.
015 B001516 S
015 C011516 QUITO
015 D011516 ECUADOR
015 E041516 X
015 A001517 CITIBANK, N.A.
015 B001517 S
015 C011517 CAIRO
015 D011517 EGYPT
015 E041517 X
015 A001518 MERITA BANK LTD.
015 B001518 S
015 C011518 HELSINKI
015 D011518 FINLAND
015 E041518 X
015 A001519 BANQUE PARIBAS
015 B001519 S
015 C011519 PARIS
015 D011519 FRANCE
015 E041519 X
015 A001520 CREDIT COMMERCIAL DE FRANCE
015 B001520 S
015 C011520 PARIS
015 D011520 FRANCE
015 E041520 X
015 A001521 DRESDNER BANK, A.G.
015 B001521 S
015 C011521 FRANKFURT
015 D011521 GERMANY
015 E041521 X
015 A001522 MERCHANT BANK LIMITED
015 B001522 S
015 C011522 ACCRA
015 D011522 GHANA
015 E041522 X
015 A001523 NATIONAL BANK OF GREECE S.A.
015 B001523 S
015 C011523 ATHENS
<PAGE> PAGE 86
015 D011523 GREECE
015 E041523 X
015 A001524 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001524 S
015 C011524 HONG KONG
015 D011524 HONG KONG
015 E041524 X
015 A001525 CITIBANK BUDAPEST RT.
015 B001525 S
015 C011525 BUDAPEST
015 D011525 HUNGARY
015 E041525 X
015 A001526 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001526 S
015 C011526 MUMBAI
015 D011526 INDIA
015 E041526 X
015 A001527 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001527 S
015 C011527 JAKARTA
015 D011527 INDONESIA
015 E041527 X
015 A001528 ALLIED IRISH BANKS, PLC
015 B001528 S
015 C011528 DUBLIN
015 D011528 IRELAND
015 E041528 X
015 A001529 BANK LEUMI LE-ISRAEL, B.M.
015 B001529 S
015 C011529 TEL AVIV
015 D011529 ISRAEL
015 E041529 X
015 A001530 BANCA COMMERCIALE ITALIANA
015 B001530 S
015 C011530 MILAN
015 D011530 ITALY
015 E041530 X
015 A001531 BANQUE PARIBAS
015 B001531 S
015 C011531 MILAN
015 D011531 ITALY
015 E041531 X
015 A001532 JASDEC
015 B001532 S
015 C011532 TOKYO
015 D011532 JAPAN
015 E041532 X
015 A001533 BANK OF TOKYO MITSUBISHI
015 B001533 S
015 C011533 TOKYO
015 D011533 JAPAN
<PAGE> PAGE 87
015 E041533 X
015 A001534 THE BRITISH BANK OF THE MIDDLE EAST
015 B001534 S
015 C011534 AMMAN
015 D011534 JORDAN
015 E041534 X
015 A001535 STANBIC BANK KENYA LIMITED
015 B001535 S
015 C011535 NAIROBI
015 D011535 KENYA
015 E041535 X
015 A001536 CEDEL
015 B001536 S
015 C011536 LUXEMBOURG CITY
015 D011536 LUXEMBOURG
015 E041536 X
015 A001537 BANQUE INTERNATIONALE A LUXEMBOURG
015 B001537 S
015 C011537 LUXEMBOURG CITY
015 D011537 LUXEMBOURG
015 E041537 X
015 A001538 DELETE
015 A001539 THE HONGKONG BANK MALAYSIA BERHAD
015 B001539 S
015 C011539 KUALA LUMPUR
015 D011539 MALAYSIA
015 E041539 X
015 A001540 BANCO NACIONAL DE MEXICO
015 B001540 S
015 C011540 MEXICO CITY
015 D011540 MEXICO
015 E041540 X
015 A001541 BANQUE COMMERCIALE DU MAROC
015 B001541 S
015 C011541 CASABLANCA
015 D011541 MOROCCO
015 E041541 X
015 A001542 STANBIC BANK NAMIBIA LIMITED
015 B001542 S
015 C011542 WINDHOEK
015 D011542 NAMIBIA
015 E041542 X
015 A001543 KAS-ASSOCIATIE NV
015 B001543 S
015 C011543 AMSTERDAM
015 D011543 NETHERLANDS
015 E041543 X
015 A001544 MEESPIERSON NV
015 B001544 S
015 C011544 AMSTERDAM
015 D011544 NETHERLANDS
<PAGE> PAGE 88
015 E041544 X
015 A001545 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001545 S
015 C011545 WELLINGTON
015 D011545 NEW ZEALAND
015 E041545 X
015 A001546 STANBIC MERCHANT BANK NIGERIA LIMITED
015 B001546 S
015 C011546 LAGOS
015 D011546 NIGERIA
015 E041546 X
015 A001547 DEN NORSKE BANK
015 B001547 S
015 C011547 OSLO
015 D011547 NORWAY
015 E041547 X
015 A001548 STANDARD CHARTERED BANK
015 B001548 S
015 C011548 KARACHI
015 D011548 PAKISTAN
015 E041548 X
015 A001549 CITIBANK, N.A.
015 B001549 S
015 C011549 LIMA
015 D011549 PERU
015 E041549 X
015 A001550 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001550 S
015 C011550 MANILA
015 D011550 PHILIPPINES
015 E041550 X
015 A001551 BANK HANDLOWY W. WARZAWIE, S.A.
015 B001551 S
015 C011551 WARSAW
015 D011551 POLAND
015 E041551 X
015 A001552 BANCO COMERCIAL PORTUGUES
015 B001552 S
015 C011552 LISBON
015 D011552 PORTUGAL
015 E041552 X
015 A001553 UNITED OVERSEAS BANK LIMITED
015 B001553 S
015 C011553 SINGAPORE
015 D011553 SINGAPORE
015 E041553 X
015 A001554 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B001554 S
015 C011554 SINGAPORE
015 D011554 SINGAPORE
015 E041554 X
<PAGE> PAGE 89
015 A001555 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001555 S
015 C011555 BRATISLAVA
015 D011555 SLOVAK REPUBLIC
015 E041555 X
015 A001556 STANDARD CORPORATE AND MERCHANT BANK
015 B001556 S
015 C011556 JOHANNESBURG
015 D011556 SOUTH AFRICA
015 E041556 X
015 A001557 SEOULBANK
015 B001557 S
015 C011557 SEOUL
015 D011557 SOUTH KOREA
015 E041557 X
015 A001558 BANCO BILBAO VIZCAYA
015 B001558 S
015 C011558 MADRID
015 D011558 SPAIN
015 E041558 X
015 A001559 STANDARD CHARTERED BANK
015 B001559 S
015 C011559 COLOMBO
015 D011559 SRI LANKA
015 E041559 X
015 A001560 STANBIC BANK SWAZILAND LTD.
015 B001560 S
015 C011560 MBABANE
015 D011560 SWAZILAND
015 E041560 X
015 A001561 SKANDINAVISKA ENSKILDA BANKEN
015 B001561 S
015 C011561 STOCKHOLM
015 D011561 SWEDEN
015 E041561 X
015 A001562 UNION BANK OF SWITZERLAND
015 B001562 S
015 C011562 ZURICH
015 D011562 SWITZERLAND
015 E041562 X
015 A001563 BANK LEU LTD.
015 B001563 S
015 C011563 ZURICH
015 D011563 SWITZERLAND
015 E041563 X
015 A001564 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001564 S
015 C011564 TAIPEI
015 D011564 TAIWAN
015 E041564 X
015 A001565 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LTD.
<PAGE> PAGE 90
015 B001565 S
015 C011565 BANGKOK
015 D011565 THAILAND
015 E041565 X
015 A001566 BANGKOK BANK PUBLIC COMPANY LTD.
015 B001566 S
015 C011566 BANGKOK
015 D011566 THAILAND
015 E041566 X
015 A001567 CITIBANK, N.A.
015 B001567 S
015 C011567 ISTANBUL
015 D011567 TURKEY
015 E041567 X
015 A001568 THE BANK OF NEW YORK
015 B001568 S
015 C011568 LONDON
015 D011568 UNITED KINGDOM
015 E041568 X
015 A001569 FIRST CHICAGO CLEARING CENTRE
015 B001569 S
015 C011569 LONDON
015 D011569 UNITED KINGDOM
015 E041569 X
015 A001570 THE FIRST NATIONAL BANK OF BOSTON
015 B001570 S
015 C011570 MONTEVIDEO
015 D011570 URUGUAY
015 E041570 X
015 A001571 CITIBANK, N.A.
015 B001571 S
015 C011571 CARACAS
015 D011571 VENEZUELA
015 E041571 X
015 A001572 STANBIC BANK ZAMBIA LIMITED
015 B001572 S
015 C011572 LUSAKA
015 D011572 ZAMBIA
015 E041572 X
015 A001573 STANBIC BANK ZIMBABWE LIMITED
015 B001573 S
015 C011573 HARARE
015 D011573 ZIMBABWE
015 E041573 X
025 D001501 0
025 D001502 0
025 D001503 0
025 D001504 0
025 D001505 0
025 D001506 0
025 D001507 0
<PAGE> PAGE 91
025 D001508 0
028 A011500 0
028 A021500 0
028 A031500 0
028 A041500 0
028 B011500 0
028 B021500 0
028 B031500 0
028 B041500 0
028 C011500 0
028 C021500 0
028 C031500 0
028 C041500 0
028 D011500 0
028 D021500 0
028 D031500 0
028 D041500 0
028 E011500 0
028 E021500 0
028 E031500 0
028 E041500 0
028 F011500 0
028 F021500 0
028 F031500 0
028 F041500 0
028 G011500 0
028 G021500 0
028 G031500 0
028 G041500 0
028 H001500 0
045 001500 Y
046 001500 N
047 001500 Y
048 001500 0.000
048 A011500 100000
048 A021500 0.625
048 B011500 150000
048 B021500 0.500
048 C011500 9750000
048 C021500 0.450
048 D011500 2500000
048 D021500 0.440
048 E011500 2500000
048 E021500 0.420
048 F011500 0
048 F021500 0.000
048 G011500 0
048 G021500 0.000
048 H011500 0
048 H021500 0.000
048 I011500 0
<PAGE> PAGE 92
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
054 A001500 Y
054 B001500 Y
054 C001500 Y
054 D001500 N
054 E001500 N
054 F001500 N
054 G001500 Y
054 H001500 Y
054 I001500 N
054 J001500 Y
054 K001500 N
054 L001500 Y
054 M001500 Y
054 N001500 N
054 O001500 N
055 A001500 N
055 B001500 N
056 001500 N
057 001500 N
058 A001500 Y
058 B001500 Y
058 C001500 Y
058 D001500 Y
058 E001500 N
059 001500 Y
060 A001500 Y
060 B001500 Y
061 001500 2000
062 A001500 Y
062 B001500 0.0
062 C001500 0.0
062 D001500 0.0
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
<PAGE> PAGE 93
062 N001500 0.0
062 O001500 0.0
062 P001500 0.0
062 Q001500 0.0
062 R001500 0.0
063 A001500 0
063 B001500 0.0
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
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 N
070 K021500 N
070 L011500 N
070 L021500 N
070 M011500 N
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 N
070 O021500 N
070 P011500 Y
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 N
070 R021500 N
071 A001500 0
<PAGE> PAGE 94
071 B001500 0
071 C001500 0
071 D001500 0
072 A001500 12
072 B001500 0
072 C001500 0
072 D001500 0
072 E001500 0
072 F001500 0
072 G001500 0
072 H001500 0
072 I001500 0
072 J001500 0
072 K001500 0
072 L001500 0
072 M001500 0
072 N001500 0
072 O001500 0
072 P001500 0
072 Q001500 0
072 R001500 0
072 S001500 0
072 T001500 0
072 U001500 0
072 V001500 0
072 W001500 0
072 X001500 0
072 Y001500 0
072 Z001500 0
072AA001500 0
072BB001500 0
072CC011500 0
072CC021500 0
072DD011500 0
072DD021500 0
072EE001500 0
073 A011500 0.0000
073 A021500 0.0000
073 B001500 0.0000
073 C001500 0.0000
074 A001500 0
074 B001500 0
074 C001500 0
074 D001500 0
074 E001500 0
074 F001500 0
074 G001500 0
074 H001500 0
074 I001500 0
074 J001500 0
074 K001500 0
<PAGE> PAGE 95
074 L001500 0
074 M001500 0
074 N001500 0
074 O001500 0
074 P001500 0
074 Q001500 0
074 R011500 0
074 R021500 0
074 R031500 0
074 R041500 0
074 S001500 0
074 T001500 0
074 U011500 0
074 U021500 0
074 V011500 0.00
074 V021500 0.00
074 W001500 0.0000
074 X001500 0
074 Y001500 0
075 A001500 0
075 B001500 0
076 001500 0.00
008 A001601 FRANKLIN ADVISORY SERVICES,INC.
008 B001601 A
008 C001601 801-51967
008 D011601 FORT LEE
008 D021601 NJ
008 D031601 07024
015 A001601 BANK OF NEW YORK
015 B001601 C
015 C011601 NEW YORK
015 C021601 NY
015 C031601 10286
015 E011601 X
015 A001602 THE BANK OF BOSTON
015 B001602 S
015 C011602 BUENOS AIRES
015 D011602 ARGENTINA
015 E041602 X
015 A001603 AUSTRALIA AND NEW ZEALAND BANKING GROUP 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 STANDARD CHARTERED BANK PLC
015 B001605 S
<PAGE> PAGE 96
015 C011605 DHAKA
015 D011605 BANGLADESH
015 E041605 X
015 A001606 BANQUE BRUXELLES LAMBERT
015 B001606 S
015 C011606 BRUSSELS
015 D011606 BELGIUM
015 E041606 X
015 A001607 STANBIC BANK BOTSWANA LIMITED
015 B001607 S
015 C011607 GABORONE
015 D011607 BOTSWANA
015 E041607 X
015 A001608 THE FIRST NATIONAL BANK OF BOSTON
015 B001608 S
015 C011608 SAO PAULO
015 D011608 BRAZIL
015 E041608 X
015 A001609 ROYAL BANK OF CANADA
015 B001609 S
015 C011609 MONTREAL
015 D011609 CANADA
015 E041609 X
015 A001610 THE FIRST NATIONAL BANK OF BOSTON
015 B001610 S
015 C011610 SANTIAGO
015 D011610 CHILE
015 E041610 X
015 A001611 BANCO DE CHILE
015 B001611 S
015 C011611 SANTIAGO
015 D011611 CHILE
015 E041611 X
015 A001612 THE STANDARD CHARTERED BANK, HONG KONG
015 B001612 S
015 C011612 HONG KONG
015 D011612 CHINA
015 E041612 X
015 A001613 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B001613 S
015 C011613 BOGOTA
015 D011613 COLOMBIA
015 E041613 X
015 A001614 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B001614 S
015 C011614 PRAGUE
015 D011614 CZECH REPUBLIC
015 E041614 X
015 A001615 DEN DANSKE BANK
015 B001615 S
015 C011615 COPENHAGEN
<PAGE> PAGE 97
015 D011615 DENMARK
015 E041615 X
015 A001616 CITIBANK, N.A.
015 B001616 S
015 C011616 QUITO
015 D011616 ECUADOR
015 E041616 X
015 A001617 CITIBANK, N.A.- EGYPT BRANCH
015 B001617 S
015 C011617 CAIRO
015 D011617 EGYPT
015 E041617 X
015 A001618 MERITA BANK LTD
015 B001618 S
015 C011618 HELSINKI
015 D011618 FINLAND
015 E041618 X
015 A001619 BANQUE PARIBAS
015 B001619 S
015 C011619 PARIS
015 D011619 FRANCE
015 E041619 X
015 A001620 CREDIT COMMERCIAL DE FRANCE
015 B001620 S
015 C011620 PARIS
015 D011620 FRANCE
015 E041620 X
015 A001621 DRESDNER BANK AG
015 B001621 S
015 C011621 FRANKFURT/MAIN
015 D011621 GERMANY
015 E041621 X
015 A001622 MERCHANT BANK (GHANA) LIMITED
015 B001622 S
015 C011622 ACCRA
015 D011622 GHANA
015 E041622 X
015 A001623 NATIONAL BANK OF GREECE SA
015 B001623 S
015 C011623 ATHENS
015 D011623 GREECE
015 E041623 X
015 A001624 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001624 S
015 C011624 HONG KONG
015 D011624 HONG KONG
015 E041624 X
015 A001625 CITIBANK BUDAPEST RT.
015 B001625 S
015 C011625 BUDAPEST
015 D011625 HUNGARY
<PAGE> PAGE 98
015 E041625 X
015 A001626 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001626 S
015 C011626 MUMBAI
015 D011626 INDIA
015 E041626 X
015 A001627 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001627 S
015 C011627 JAKARTA
015 D011627 INDONESIA
015 E041627 X
015 A001628 ALLIED IRISH BANKS, PLC
015 B001628 S
015 C011628 DUBLIN
015 D011628 IRELAND
015 E041628 X
015 A001629 BANK LEUMI LE-ISRAEL B.M.
015 B001629 S
015 C011629 TEL AVIV
015 D011629 ISRAEL
015 E041629 X
015 A001630 BANCA COMMERCIALE ITALIANA
015 B001630 S
015 C011630 MILAN
015 D011630 ITALY
015 E041630 X
015 A001631 BANQUE PARIBAS SA
015 B001631 S
015 C011631 MILAN
015 D011631 ITALY
015 E041631 X
015 A001632 JASDEC (DEPOSITORY)
015 B001632 S
015 C011632 TOKYO
015 D011632 JAPAN
015 E041632 X
015 A001633 BANK OF TOKYO MITSUBISHI
015 B001633 S
015 C011633 TOKYO
015 D011633 JAPAN
015 E041633 X
015 A001634 THE BRITISH BANK OF THE MIDDLE EAST
015 B001634 S
015 C011634 AMMAN
015 D011634 JORDAN
015 E041634 X
015 A001635 STANBIC BANK KENYA LIMITED
015 B001635 S
015 C011635 NAIROBI
015 D011635 KENYA
015 E041635 X
<PAGE> PAGE 99
015 A001636 CEDEL (DEPOSITORY)
015 B001636 S
015 C011636 LUXEMBOURG CITY
015 D011636 LUXEMBOURG
015 E041636 X
015 A001637 BANQUE INTERNATIONALE A LUXEMBOURG
015 B001637 S
015 C011637 LUXEMBOURG CITY
015 D011637 LUXEMBOURG
015 E041637 X
015 A001638 THE HONGKONG BANK MALAYSIA BERHAD
015 B001638 S
015 C011638 KUALA LUMPUR
015 D011638 MALAYSIA
015 E041638 X
015 A001639 BANCO NACIONAL DE MEXICO
015 B001639 S
015 C011639 MEXICO CITY
015 D011639 MEXICO
015 E041639 X
015 A001640 BANQUE COMMERCIALE DU MAROC
015 B001640 S
015 C011640 CASABLANCA
015 D011640 MOROCCO
015 E041640 X
015 A001641 STANBIC BANK NAMIBIA LIMITED
015 B001641 S
015 C011641 WINDHOEK
015 D011641 NAMIBIA
015 E041641 X
015 A001642 KAS-ASSOCIATIE NV
015 B001642 S
015 C011642 AMSTERDAM
015 D011642 NETHERLANDS
015 E041642 X
015 A001643 MEESPIERSON
015 B001643 S
015 C011643 AMSTERDAM
015 D011643 NETHERLANDS
015 E041643 X
015 A001644 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001644 S
015 C011644 WELLINGTON
015 D011644 NEW ZEALAND
015 E041644 X
015 A001645 STANBIC MERCHANT BANK NIGERIA LIMITED
015 B001645 S
015 C011645 LAGOS
015 D011645 NIGERIA
015 E041645 X
015 A001646 DEN NORSKE BANK ASA
<PAGE> PAGE 100
015 B001646 S
015 C011646 OSLO
015 D011646 NORWAY
015 E041646 X
015 A001647 STANDARD CHARTERED BANK
015 B001647 S
015 C011647 KARACHI
015 D011647 PAKISTAN
015 E041647 X
015 A001648 CITIBANK, N.A.
015 B001648 S
015 C011648 LIMA
015 D011648 PERU
015 E041648 X
015 A001649 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001649 S
015 C011649 MANILA
015 D011649 PHILIPPINES
015 E041649 X
015 A001650 BANK HANDLOWY W. WARSZAWIE S.A.
015 B001650 S
015 C011650 WARSAW
015 D011650 POLAND
015 E041650 X
015 A001651 BANCO COMERCIAL PORTUGUES, S.A.
015 B001651 S
015 C011651 LISBON
015 D011651 PORTUGAL
015 E041651 X
015 A001652 UNITED OVERSEAS BANK LIMITED
015 B001652 S
015 C011652 SINGAPORE
015 D011652 SINGAPORE
015 E041652 X
015 A001653 DEVELOPMENT BANK OF SINGAPORE
015 B001653 S
015 C011653 SINGAPORE
015 D011653 SINGAPORE
015 E041653 X
015 A001654 CESKOSLOVENSKA OBCHODNA BANKA AS
015 B001654 S
015 C011654 BRATISLAVA
015 D011654 SLOVAK REPUBLIC
015 E041654 X
015 A001655 STANDARD CORPORATE AND MERCHANT BANK
015 B001655 S
015 C011655 JOHANNESBURG
015 D011655 SOUTH AFRICA
015 E041655 X
015 A001656 SEOULBANK
015 B001656 S
<PAGE> PAGE 101
015 C011656 SEOUL
015 D011656 SOUTH KOREA
015 E041656 X
015 A001657 BANCO BILBAO VIZCAYA
015 B001657 S
015 C011657 MADRID
015 D011657 SPAIN
015 E041657 X
015 A001658 STANDARD CHARTERED BANK
015 B001658 S
015 C011658 COLOMBO
015 D011658 SRI LANKA
015 E041658 X
015 A001659 STANBIC BANK SWAZILAND LIMITED
015 B001659 S
015 C011659 MBABANE
015 D011659 SWAZILAND
015 E041659 X
015 A001660 SKANDINAVISKA ENSKILDA BANKEN
015 B001660 S
015 C011660 STOCKHOLM
015 D011660 SWEDEN
015 E041660 X
015 A001661 UNION BANK OF SWITZERLAND
015 B001661 S
015 C011661 ZURICH
015 D011661 SWITZERLAND
015 E041661 X
015 A001662 BANK LEU LTD
015 B001662 S
015 C011662 ZURICH
015 D011662 SWITZERLAND
015 E041662 X
015 A001663 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001663 S
015 C011663 TAIPEI
015 D011663 TAIWAN
015 E041663 X
015 A001664 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LTD.
015 B001664 S
015 C011664 BANGKOK
015 D011664 THAILAND
015 E041664 X
015 A001665 BANGKOK BANK PUBLIC COMPANY LTD
015 B001665 S
015 C011665 BANGKOK
015 D011665 THAILAND
015 E041665 X
015 A001666 CITIBANK, N.A.- ISTANBUL BRANCH
015 B001666 S
015 C011666 ISTANBUL
<PAGE> PAGE 102
015 D011666 TURKEY
015 E041666 X
015 A001667 THE BANK OF NEW YORK
015 B001667 S
015 C011667 LONDON
015 D011667 UNITED KINGDOM
015 E041667 X
015 A001668 FIRST CHICAGO CLEARING CENTRE
015 B001668 S
015 C011668 LONDON
015 D011668 UNITED KINGDOM
015 E041668 X
015 A001669 THE FIRST NATIONAL BANK OF BOSTON
015 B001669 S
015 C011669 MONTEVIDEO
015 D011669 URUGUAY
015 E041669 X
015 A001670 CITIBANK, N.A.
015 B001670 S
015 C011670 CARACAS
015 D011670 VENEZUELA
015 E041670 X
015 A001671 STANBIC BANK ZAMBIA LIMITED
015 B001671 S
015 C011671 LUSAKA
015 D011671 ZAMBIA
015 E041671 X
015 A001672 STANBIC BANK ZIMBABWE LIMITED
015 B001672 S
015 C011672 HARARE
015 D011672 ZIMBABWE
015 E041672 X
024 001600 N
025 D001601 0
025 D001602 0
025 D001603 0
025 D001604 0
025 D001605 0
025 D001606 0
025 D001607 0
025 D001608 0
028 A011600 8846
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028 A031600 0
028 A041600 9290
028 B011600 9844
028 B021600 0
028 B031600 0
028 B041600 10533
028 C011600 10734
028 C021600 0
<PAGE> PAGE 103
028 C031600 0
028 C041600 25486
028 D011600 8972
028 D021600 0
028 D031600 0
028 D041600 12534
028 E011600 16142
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028 E031600 0
028 E041600 7256
028 F011600 20288
028 F021600 26958
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028 F041600 11444
028 G011600 74827
028 G021600 26958
028 G031600 0
028 G041600 76543
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
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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
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
054 A001600 Y
<PAGE> PAGE 104
054 B001600 Y
054 C001600 Y
054 D001600 N
054 E001600 N
054 F001600 N
054 G001600 Y
054 H001600 Y
054 I001600 N
054 J001600 Y
054 K001600 N
054 L001600 Y
054 M001600 Y
054 N001600 N
054 O001600 N
055 A001600 N
055 B001600 N
056 001600 N
057 001600 N
058 A001600 Y
058 B001600 Y
058 C001600 Y
058 D001600 Y
058 E001600 N
059 001600 Y
060 A001600 Y
060 B001600 Y
061 001600 2000
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 I001600 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
<PAGE> PAGE 105
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 Y
070 D021600 N
070 E011600 N
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 N
070 O021600 N
070 P011600 Y
070 P021600 N
070 Q011600 N
070 Q021600 N
070 R011600 N
070 R021600 N
071 A001600 107490
071 B001600 107964
071 C001600 610265
071 D001600 18
072 A001600 6
072 B001600 420
072 C001600 6283
072 D001600 0
<PAGE> PAGE 106
072 E001600 0
072 F001600 2269
072 G001600 0
072 H001600 0
072 I001600 0
072 J001600 3
072 K001600 17
072 L001600 23
072 M001600 2
072 N001600 0
072 O001600 0
072 P001600 0
072 Q001600 0
072 R001600 6
072 S001600 1
072 T001600 0
072 U001600 0
072 V001600 0
072 W001600 3
072 X001600 2324
072 Y001600 0
072 Z001600 4379
072AA001600 38673
072BB001600 1781
072CC011600 54207
072CC021600 0
072DD011600 9957
072DD021600 0
072EE001600 17001
073 A011600 0.2609
073 A021600 0.0000
073 B001600 0.4455
073 C001600 0.0000
074 A001600 0
074 B001600 26991
074 C001600 0
074 D001600 0
074 E001600 1331
074 F001600 670635
074 G001600 0
074 H001600 0
074 I001600 0
074 J001600 193
074 K001600 0
074 L001600 1497
074 M001600 0
074 N001600 700647
074 O001600 8393
074 P001600 403
074 Q001600 0
074 R011600 0
<PAGE> PAGE 107
074 R021600 0
074 R031600 0
074 R041600 666
074 S001600 0
074 T001600 691185
074 U011600 40161
074 U021600 0
074 V011600 17.21
074 V021600 0.00
074 W001600 0.0000
074 X001600 3
074 Y001600 0
075 A001600 0
075 B001600 507786
076 001600 0.00
008 A001701 FRANKLIN ADVISERS, INC.
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 NEW YORK
015 B001701 C
015 C011701 NEW YORK
015 C021701 NY
015 C031701 10286
015 E011701 X
015 A001702 THE BANK OF BOSTON
015 B001702 S
015 C011702 BUENOS AIRES
015 D011702 ARGENTINA
015 E041702 X
015 A001703 AUSTRALIA AND NEW ZEALAND BANKING GROUP 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 PLC
<PAGE> PAGE 108
015 B001705 S
015 C011705 DHAKA
015 D011705 BANGLADESH
015 E041705 X
015 A001706 BANQUE BRUXELLES LAMBERT
015 B001706 S
015 C011706 BRUSSELS
015 D011706 BELGIUM
015 E041706 X
015 A001707 STANBIC BANK BOTSWANA LIMITED
015 B001707 S
015 C011707 GABORONE
015 D011707 BOTSWANA
015 E041707 X
015 A001708 THE FIRST NATIONAL BANK OF BOSTON
015 B001708 S
015 C011708 SAO PAULO
015 D011708 BRAZIL
015 E041708 X
015 A001709 ROYAL BANK OF CANADA
015 B001709 S
015 C011709 MONTREAL
015 D011709 CANADA
015 E041709 X
015 A001710 THE FIRST NATIONAL BANK OF BOSTON
015 B001710 S
015 C011710 SANTIAGO
015 D011710 CHILE
015 E041710 X
015 A001711 BANCO DE CHILE
015 B001711 S
015 C011711 SANTIAGO
015 D011711 CHILE
015 E041711 X
015 A001712 THE STANDARD CHARTERED BANK, HONG KONG
015 B001712 S
015 C011712 HONG KONG
015 D011712 CHINA
015 E041712 X
015 A001713 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B001713 S
015 C011713 BOGOTA
015 D011713 COLOMBIA
015 E041713 X
015 A001714 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B001714 S
015 C011714 PRAGUE
015 D011714 CZECH REPUBLIC
015 E041714 X
015 A001715 DEN DANSKE BANK
015 B001715 S
<PAGE> PAGE 109
015 C011715 COPENHAGEN
015 D011715 DENMARK
015 E041715 X
015 A001716 CITIBANK, N.A.
015 B001716 S
015 C011716 QUITO
015 D011716 ECUADOR
015 E041716 X
015 A001717 CITIBANK, N.A.- EGYPT BRANCH
015 B001717 S
015 C011717 CAIRO
015 D011717 EGYPT
015 E041717 X
015 A001718 MERITA BANK LTD.
015 B001718 S
015 C011718 HELSINKI
015 D011718 FINLAND
015 E041718 X
015 A001719 BANQUE PARIBAS
015 B001719 S
015 C011719 PARIS
015 D011719 FRANCE
015 E041719 X
015 A001720 CREDIT COMMERCIAL DE FRANCE
015 B001720 S
015 C011720 PARIS
015 D011720 FRANCE
015 E041720 X
015 A001721 DRESDNER BANK AG
015 B001721 S
015 C011721 FRANKFURT/MAIN
015 D011721 GERMANY
015 E041721 X
015 A001722 MERCHANT BANK (GHANA) LIMITED
015 B001722 S
015 C011722 ACCRA
015 D011722 GHANA
015 E041722 X
015 A001723 NATIONAL BANK OF GREECE SA
015 B001723 S
015 C011723 ATHENS
015 D011723 GREECE
015 E041723 X
015 A001724 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001724 S
015 C011724 HONG KONG
015 D011724 HONG KONG
015 E041724 X
015 A001725 CITIBANK BUDAPEST RT.
015 B001725 S
015 C011725 BUDAPEST
<PAGE> PAGE 110
015 D011725 HUNGARY
015 E041725 X
015 A001726 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001726 S
015 C011726 MUMBAI
015 D011726 INDIA
015 E041726 X
015 A001727 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001727 S
015 C011727 JAKARTA
015 D011727 INDONESIA
015 E041727 X
015 A001728 ALLIED IRISH BANKS, PLC
015 B001728 S
015 C011728 DUBLIN
015 D011728 IRELAND
015 E041728 X
015 A001729 BANK LEUMI LE-ISRAEL B.M.
015 B001729 S
015 C011729 TEL AVIV
015 D011729 ISRAEL
015 E041729 X
015 A001730 BANCA COMMERCIALE ITALIANA
015 B001730 S
015 C011730 MILAN
015 D011730 ITALY
015 E041730 X
015 A001731 BANQUE PARIBAS SA
015 B001731 S
015 C011731 MILAN
015 D011731 ITALY
015 E041731 X
015 A001732 JASDEC (DEPOSITORY)
015 B001732 S
015 C011732 TOKYO
015 D011732 JAPAN
015 E041732 X
015 A001733 BANK OF TOKYO MITSUBISHI
015 B001733 S
015 C011733 TOKYO
015 D011733 JAPAN
015 E041733 X
015 A001734 THE BRITISH BANK OF THE MIDDLE EAST
015 B001734 S
015 C011734 AMMAN
015 D011734 JORDAN
015 E041734 X
015 A001735 STANBIC BANK KENYA LIMITED
015 B001735 S
015 C011735 NAIROBI
015 D011735 KENYA
<PAGE> PAGE 111
015 E041735 X
015 A001736 CEDEL (DEPOSITORY)
015 B001736 S
015 C011736 LUXEMBOURG CITY
015 D011736 LUXEMBOURG
015 E041736 X
015 A001737 BANQUE INTERNATIONALE A LUXEMBOURG
015 B001737 S
015 C011737 LUXEMBOURG CITY
015 D011737 LUXEMBOURG
015 E041737 X
015 A001738 THE HONGKONG BANK MALAYSIA BERHAD
015 B001738 S
015 C011738 KUALA LUMPUR
015 D011738 MALAYSIA
015 E041738 X
015 A001739 BANCO NACIONAL DE MEXICO
015 B001739 S
015 C011739 MEXICO CITY
015 D011739 MEXICO
015 E041739 X
015 A001740 BANQUE COMMERCIALE DU MAROC
015 B001740 S
015 C011740 CASABLANCA
015 D011740 MOROCCO
015 E041740 X
015 A001741 STANBIC BANK NAMIBIA LIMITED
015 B001741 S
015 C011741 WINDHOEK
015 D011741 NAMIBIA
015 E041741 X
015 A001742 KAS-ASSOCIATIE NV
015 B001742 S
015 C011742 AMSTERDAM
015 D011742 NETHERLANDS
015 E041742 X
015 A001743 MEESPIERSON
015 B001743 S
015 C011743 AMSTERDAM
015 D011743 NETHERLANDS
015 E041743 X
015 A001744 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001744 S
015 C011744 WELLINGTON
015 D011744 NEW ZEALAND
015 E041744 X
015 A001745 STANBIC MERCHANT BANK NIGERIA LIMITED
015 B001745 S
015 C011745 LAGOS
015 D011745 NIGERIA
015 E041745 X
<PAGE> PAGE 112
015 A001746 DEN NORSKE BANK ASA
015 B001746 S
015 C011746 OSLO
015 D011746 NORWAY
015 E041746 X
015 A001747 STANDARD CHARTERED BANK
015 B001747 S
015 C011747 KARACHI
015 D011747 PAKISTAN
015 E041747 X
015 A001748 CITIBANK, N.A.
015 B001748 S
015 C011748 LIMA
015 D011748 PERU
015 E041748 X
015 A001749 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001749 S
015 C011749 MANILA
015 D011749 PHILIPPINES
015 E041749 X
015 A001750 BANK HANDLOWY W. WARSZAWIE S.A.
015 B001750 S
015 C011750 WARSAW
015 D011750 POLAND
015 E041750 X
015 A001751 BANCO COMERCIAL PORTUGUES, S.A.
015 B001751 S
015 C011751 LISBON
015 D011751 PORTUGAL
015 E041751 X
015 A001752 UNITED OVERSEAS BANK LIMITED
015 B001752 S
015 C011752 SINGAPORE
015 D011752 SINGAPORE
015 E041752 X
015 A001753 DEVELOPMENT BANK OF SINGAPORE
015 B001753 S
015 C011753 SINGAPORE
015 D011753 SINGAPORE
015 E041753 X
015 A001754 CESKOSLOVENSKA OBCHODNA BANKA AS
015 B001754 S
015 C011754 BRATISLAVA
015 D011754 SLOVAK REPUBLIC
015 E041754 X
015 A001755 STANDARD CORPORATE AND MERCHANT BANK
015 B001755 S
015 C011755 JOHANNESBURG
015 D011755 SOUTH AFRICA
015 E041755 X
015 A001756 SEOULBANK
<PAGE> PAGE 113
015 B001756 S
015 C011756 SEOUL
015 D011756 SOUTH KOREA
015 E041756 X
015 A001757 BANCO BILBAO VIZCAYA
015 B001757 S
015 C011757 MADRID
015 D011757 SPAIN
015 E041757 X
015 A001758 STANDARD CHARTERED BANK
015 B001758 S
015 C011758 COLOMBO
015 D011758 SRI LANKA
015 E041758 X
015 A001759 STANBIC BANK SWAZILAND LIMITED
015 B001759 S
015 C011759 MBABANE
015 D011759 SWAZILAND
015 E041759 X
015 A001760 SKANDINAVISKA ENSKILDA BANKEN
015 B001760 S
015 C011760 STOCKHOLM
015 D011760 SWEDEN
015 E041760 X
015 A001761 UNION BANK OF SWITZERLAND
015 B001761 S
015 C011761 ZURICH
015 D011761 SWITZERLAND
015 E041761 X
015 A001762 BANK LEU LTD.
015 B001762 S
015 C011762 ZURICH
015 D011762 SWITZERLAND
015 E041762 X
015 A001763 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001763 S
015 C011763 TAIPEI
015 D011763 TAIWAN
015 E041763 X
015 A001764 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LTD.
015 B001764 S
015 C011764 BANGKOK
015 D011764 THAILAND
015 E041764 X
015 A001765 BANGKOK BANK PUBLIC COMPANY LTD.
015 B001765 S
015 C011765 BANGKOK
015 D011765 THAILAND
015 E041765 X
015 A001766 CITIBANK, N.A.- ISTANBUL BRANCH
015 B001766 S
<PAGE> PAGE 114
015 C011766 ISTANBUL
015 D011766 TURKEY
015 E041766 X
015 A001767 THE BANK OF NEW YORK
015 B001767 S
015 C011767 LONDON
015 D011767 UNITED KINGDOM
015 E041767 X
015 A001768 FIRST CHICAGO CLEARING CENTRE
015 B001768 S
015 C011768 LONDON
015 D011768 UNITED KINGDOM
015 E041768 X
015 A001769 THE FIRST NATIONAL BANK OF BOSTON
015 B001769 S
015 C011769 MONTEVIDEO
015 D011769 URUGUAY
015 E041769 X
015 A001770 CITIBANK, N.A.
015 B001770 S
015 C011770 CARACAS
015 D011770 VENEZUELA
015 E041770 X
015 A001771 STANBIC BANK ZAMBIA LIMITED
015 B001771 S
015 C011771 LUSAKA
015 D011771 ZAMBIA
015 E041771 X
015 A001772 STANBIC BANK ZIMBABWE LIMITED
015 B001772 S
015 C011772 HARARE
015 D011772 ZIMBABWE
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
<PAGE> PAGE 115
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
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)
<PAGE> PAGE 116
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
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
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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
<PAGE> PAGE 117
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)
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015 C011798 WELLINGTON
015 D011798 NEW ZEALAND
015 E041798 X
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015 D011799 PHILIPPINES
015 E041799 X
024 001700 N
025 D001701 0
025 D001702 0
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028 G021700 5816
<PAGE> PAGE 118
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028 G041700 89252
028 H001700 0
045 001700 Y
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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
053 A001700 N
054 A001700 Y
054 B001700 Y
054 C001700 Y
054 D001700 N
054 E001700 N
054 F001700 N
054 G001700 Y
054 H001700 Y
054 I001700 N
054 J001700 Y
054 K001700 N
054 L001700 Y
054 M001700 Y
054 N001700 N
054 O001700 N
055 A001700 N
055 B001700 N
<PAGE> PAGE 119
056 001700 Y
057 001700 N
058 A001700 Y
058 B001700 Y
058 C001700 Y
058 D001700 Y
058 E001700 N
059 001700 Y
060 A001700 Y
060 B001700 Y
061 001700 2000
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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
<PAGE> PAGE 120
070 E021700 N
070 F011700 Y
070 F021700 N
070 G011700 Y
070 G021700 N
070 H011700 Y
070 H021700 N
070 I011700 N
070 I021700 N
070 J011700 Y
070 J021700 Y
070 K011700 Y
070 K021700 Y
070 L011700 Y
070 L021700 Y
070 M011700 Y
070 M021700 Y
070 N011700 Y
070 N021700 N
070 O011700 N
070 O021700 N
070 P011700 Y
070 P021700 N
070 Q011700 N
070 Q021700 N
070 R011700 N
070 R021700 N
071 A001700 25929
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072 E001700 0
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072 L001700 14
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072 R001700 3
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<PAGE> PAGE 121
072 U001700 0
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072EE001700 0
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074 D001700 639
074 E001700 23
074 F001700 316693
074 G001700 0
074 H001700 0
074 I001700 0
074 J001700 0
074 K001700 0
074 L001700 1643
074 M001700 0
074 N001700 321444
074 O001700 3258
074 P001700 234
074 Q001700 0
074 R011700 0
074 R021700 0
074 R031700 0
074 R041700 357
074 S001700 0
074 T001700 317595
074 U011700 21290
074 U021700 0
074 V011700 14.92
074 V021700 0.00
074 W001700 0.0000
074 X001700 3
074 Y001700 0
075 A001700 0
075 B001700 323213
076 001700 0.00
008 A001801 FRANKLIN ADVISERS, INC.
<PAGE> PAGE 122
008 B001801 A
008 C001801 801-26292
008 D011801 SAN MATEO
008 D021801 CA
008 D031801 94403
008 D041801 7777
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 NEW YORK
015 B001801 C
015 C011801 NEW YORK
015 C021801 NY
015 C031801 10286
015 E011801 X
015 A001802 THE BANK OF BOSTON
015 B001802 S
015 C011802 BUENOS AIRES
015 D011802 ARGENTINA
015 E041802 X
015 A001803 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001803 S
015 C011803 MELBOURNE
015 D011803 AUSTRALIA
015 E041803 X
015 A001804 CREDITANSTALT BANKVEREIN
015 B001804 S
015 C011804 VIENNA
015 D011804 AUSTRIA
015 E041804 X
015 A001805 STANDARD CHARTERED BANK PLC
015 B001805 S
015 C011805 DHAKA
015 D011805 BANGLADESH
015 E041805 X
015 A001806 BANQUE BRUXELLES LAMBERT
015 B001806 S
015 C011806 BRUSSELS
015 D011806 BELGIUM
015 E041806 X
015 A001807 STANBIC BANK BOTSWANA LIMITED
015 B001807 S
015 C011807 GABORONE
015 D011807 BOTSWANA
015 E041807 X
015 A001808 THE FIRST NATIONAL BANK OF BOSTON
015 B001808 S
<PAGE> PAGE 123
015 C011808 SAO PAULO
015 D011808 BRAZIL
015 E041808 X
015 E051808 -
015 A001809 ROYAL BANK OF CANADA
015 B001809 S
015 C011809 MONTREAL
015 D011809 CANADA
015 E041809 X
015 A001810 THE FIRST NATIONAL BANK OF BOSTON
015 B001810 S
015 C011810 SANTIAGO
015 D011810 CHILE
015 E041810 X
015 A001811 BANCO DE CHILE
015 B001811 S
015 C011811 SANTIAGO
015 D011811 CHILE
015 E041811 X
015 A001812 THE STANDARD CHARTERED BANK, HONG KONG
015 B001812 S
015 C011812 HONG KONG
015 D011812 CHINA
015 E041812 X
015 A001813 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B001813 S
015 C011813 BOGOTA
015 D011813 COLOMBIA
015 E041813 X
015 A001814 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B001814 S
015 C011814 PRAGUE
015 D011814 CZECH REPUBLIC
015 E041814 X
015 A001815 DEN DANSKE BANK
015 B001815 S
015 C011815 COPENHAGEN
015 D011815 DENMARK
015 E041815 X
015 A001816 CITIBANK, N.A.
015 B001816 S
015 C011816 QUITO
015 D011816 ECUADOR
015 E041816 X
015 A001817 CITIBANK, N.A.- EGYPT BRANCH
015 B001817 S
015 C011817 CAIRO
015 D011817 EGYPT
015 E041817 X
015 A001818 MERITA BANK LTD.
015 B001818 S
<PAGE> PAGE 124
015 C011818 HELSINKI
015 D011818 FINLAND
015 E041818 X
015 A001819 BANQUE PARIBAS
015 B001819 S
015 C011819 PARIS
015 D011819 FRANCE
015 E041819 X
015 A001820 CREDIT COMMERCIAL DE FRANCE
015 B001820 S
015 C011820 PARIS
015 D011820 FRANCE
015 E041820 X
015 A001821 DRESDNER BANK AG
015 B001821 S
015 C011821 FRANKFURT/MAIN
015 D011821 GERMANY
015 E041821 X
015 A001822 MERCHANT BANK (GHANA) LIMITED
015 B001822 S
015 C011822 ACCRA
015 D011822 GHANA
015 E041822 X
015 A001823 NATIONAL BANK OF GREECE SA
015 B001823 S
015 C011823 ATHENS
015 D011823 GREECE
015 E041823 X
015 A001824 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001824 S
015 C011824 HONG KONG
015 D011824 HONG KONG
015 E041824 X
015 A001825 CITIBANK BUDAPEST RT.
015 B001825 S
015 C011825 BUDAPEST
015 D011825 HUNGARY
015 E041825 X
015 A001826 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001826 S
015 C011826 MUMBAI
015 D011826 INDIA
015 E041826 X
015 A001827 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001827 S
015 C011827 JAKARTA
015 D011827 INDONESIA
015 E041827 X
015 A001828 ALLIED IRISH BANKS, PLC
015 B001828 S
015 C011828 DUBLIN
<PAGE> PAGE 125
015 D011828 IRELAND
015 E041828 X
015 A001829 BANK LEUMI LE-ISRAEL B.M.
015 B001829 S
015 C011829 TEL AVIV
015 D011829 ISRAEL
015 E041829 X
015 A001830 BANCA COMMERCIALE ITALIANA
015 B001830 S
015 C011830 MILAN
015 D011830 ITALY
015 E041830 X
015 A001831 BANQUE PARIBAS SA
015 B001831 S
015 C011831 MILAN
015 D011831 ITALY
015 E041831 X
015 A001832 JASDEC (DEPOSITORY)
015 B001832 S
015 C011832 TOKYO
015 D011832 JAPAN
015 E041832 X
015 A001833 BANK OF TOKYO MITSUBISHI
015 B001833 S
015 C011833 TOKYO
015 D011833 JAPAN
015 E041833 X
015 A001834 THE BRITISH BANK OF THE MIDDLE EAST
015 B001834 S
015 C011834 AMMAN
015 D011834 JORDAN
015 E041834 X
015 A001835 STANBIC BANK KENYA LIMITED
015 B001835 S
015 C011835 NAIROBI
015 D011835 KENYA
015 E041835 X
015 A001836 CEDEL (DEPOSITORY)
015 B001836 S
015 C011836 LUXEMBOURG CITY
015 D011836 LUXEMBOURG
015 E041836 X
015 A001837 BANQUE INTERNATIONALE A LUXEMBOURG
015 B001837 S
015 C011837 LUXEMBOURG CITY
015 D011837 LUXEMBOURG
015 E041837 X
015 A001838 THE HONGKONG BANK MALAYSIA BERHAD
015 B001838 S
015 C011838 KUALA LUMPUR
015 D011838 MALAYSIA
<PAGE> PAGE 126
015 E041838 X
015 A001839 BANCO NACIONAL DE MEXICO
015 B001839 S
015 C011839 MEXICO CITY
015 D011839 MEXICO
015 E041839 X
015 A001840 BANQUE COMMERCIALE DU MAROC
015 B001840 S
015 C011840 CASABLANCA
015 D011840 MOROCCO
015 E041840 X
015 A001841 STANBIC BANK NAMIBIA LIMITED
015 B001841 S
015 C011841 WINDHOEK
015 D011841 NAMIBIA
015 E041841 X
015 A001842 KAS-ASSOCIATIE NV
015 B001842 S
015 C011842 AMSTERDAM
015 D011842 NETHERLANDS
015 E041842 X
015 A001843 MEESPIERSON
015 B001843 S
015 C011843 AMSTERDAM
015 D011843 NETHERLANDS
015 E041843 X
015 A001844 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001844 S
015 C011844 WELLINGTON
015 D011844 NEW ZEALAND
015 E041844 X
015 A001845 STANBIC MERCHANT BANK NIGERIA LIMITED
015 B001845 S
015 C011845 LAGOS
015 D011845 NIGERIA
015 E041845 X
015 A001846 DEN NORSKE BANK ASA
015 B001846 S
015 C011846 OSLO
015 D011846 NORWAY
015 E041846 X
015 A001847 STANDARD CHARTERED BANK
015 B001847 S
015 C011847 KARACHI
015 D011847 PAKISTAN
015 E041847 X
015 A001848 CITIBANK, N.A.
015 B001848 S
015 C011848 LIMA
015 D011848 PERU
015 E041848 X
<PAGE> PAGE 127
015 A001849 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001849 S
015 C011849 MANILA
015 D011849 PHILIPPINES
015 E041849 X
015 A001850 BANK HANDLOWY W. WARZAWIE S.A.
015 B001850 S
015 C011850 WARSAW
015 D011850 POLAND
015 E041850 X
015 A001851 BANCO COMERCIAL PORTUGUES, S.A.
015 B001851 S
015 C011851 LISBON
015 D011851 PORTUGAL
015 E041851 X
015 A001852 UNITED OVERSEAS BANK LIMITED
015 B001852 S
015 C011852 SINGAPORE
015 D011852 SINGAPORE
015 E041852 X
015 A001853 DEVELOPMENT BANK OF SINGAPORE
015 B001853 S
015 C011853 SINGAPORE
015 D011853 SINGAPORE
015 E041853 X
015 A001854 CESKOSLOVENSKA OBCHODNA BANKA AS
015 B001854 S
015 C011854 BRATISLAVA
015 D011854 SLOVAK REPUBLIC
015 E041854 X
015 A001855 STANDARD CORPORATE AND MERCHANT BANK
015 B001855 S
015 C011855 JOHANNESBURG
015 D011855 SOUTH AFRICA
015 E041855 X
015 A001856 SEOULBANK
015 B001856 S
015 C011856 SEOUL
015 D011856 SOUTH KOREA
015 E041856 X
015 A001857 BANCO BILBAO VIZCAYA
015 B001857 S
015 C011857 MADRID
015 D011857 SPAIN
015 E041857 X
015 A001858 STANDARD CHARTERED BANK
015 B001858 S
015 C011858 COLOMBO
015 D011858 SRI LANKA
015 E041858 X
015 A001859 STANBIC BANK SWAZILAND LIMITED
<PAGE> PAGE 128
015 B001859 S
015 C011859 MBABANE
015 D011859 SWAZILAND
015 E041859 X
015 A001860 SKANDINAVISKA ENSKILDA BANKEN
015 B001860 S
015 C011860 STOCKHOLM
015 D011860 SWEDEN
015 E041860 X
015 A001861 UNION BANK OF SWITZERLAND
015 B001861 S
015 C011861 ZURICH
015 D011861 SWITZERLAND
015 E041861 X
015 A001862 BANK LEU LTD.
015 B001862 S
015 C011862 ZURICH
015 D011862 SWITZERLAND
015 E041862 X
015 A001863 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001863 S
015 C011863 TAIPEI
015 D011863 TAIWAN
015 E041863 X
015 A001864 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LTD.
015 B001864 S
015 C011864 BANGKOK
015 D011864 THAILAND
015 E041864 X
015 A001865 BANGKOK BANK PUBLIC COMPANY LTD.
015 B001865 S
015 C011865 BANGKOK
015 D011865 THAILAND
015 E041865 X
015 A001866 CITIBANK, N.A.- ISTANBUL BRANCH
015 B001866 S
015 C011866 ISTANBUL
015 D011866 TURKEY
015 E041866 X
015 A001867 THE BANK OF NEW YORK
015 B001867 S
015 C011867 LONDON
015 D011867 UNITED KINGDOM
015 E041867 X
015 A001868 FIRST CHICAGO CLEARING CENTRE
015 B001868 S
015 C011868 LONDON
015 D011868 UNITED KINGDOM
015 E041868 X
015 A001869 THE FIRST NATIONAL BANK OF BOSTON
015 B001869 S
<PAGE> PAGE 129
015 C011869 MONTEVIDEO
015 D011869 URUGUAY
015 E041869 X
015 A001870 CITIBANK, N.A.
015 B001870 S
015 C011870 CARACAS
015 D011870 VENEZUELA
015 E041870 X
015 A001871 STANBIC BANK ZAMBIA LIMITED
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015 C011871 LUSAKA
015 D011871 ZAMBIA
015 E041871 X
015 A001872 STANBIC BANK ZIMBABWE LIMITED
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015 C011872 HARARE
015 D011872 ZIMBABWE
015 E041872 X
015 A001873 THE PHILIPPINE CENTRAL DEPOSITORY, INC.
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015 C011873 MAKATI CITY
015 D011873 PHILIPPINES
015 E041873 X
015 A001874 CREDIT SUISSE (MOSCOW) LTD.
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015 C011874 MOSCOW
015 D011874 RUSSIA
015 E041874 X
015 A001875 DELETE
015 A001876 DELETE
015 A001877 DELETE
015 A001878 DELETE
015 A001879 DELETE
015 A001880 DELETE
015 A001881 DELETE
015 A001882 DELETE
015 A001883 DELETE
015 A001884 DELETE
015 A001885 DELETE
015 A001886 DELETE
015 A001887 DELETE
015 A001888 DELETE
015 A001889 DELETE
015 A001890 DELETE
015 A001891 DELETE
015 A001892 DELETE
015 A001893 DELETE
015 A001894 DELETE
015 A001895 DELETE
015 A001896 DELETE
015 A001897 DELETE
<PAGE> PAGE 130
015 A001898 DELETE
015 A001899 DELETE
024 001800 N
025 D001801 0
025 D001802 0
025 D001803 0
025 D001804 0
025 D001805 0
025 D001806 0
025 D001807 0
025 D001808 0
028 A011800 22996
028 A021800 0
028 A031800 0
028 A041800 22647
028 B011800 22674
028 B021800 0
028 B031800 0
028 B041800 25963
028 C011800 21159
028 C021800 0
028 C031800 0
028 C041800 33292
028 D011800 38218
028 D021800 0
028 D031800 0
028 D041800 34196
028 E011800 31733
028 E021800 0
028 E031800 0
028 E041800 20087
028 F011800 24129
028 F021800 82273
028 F031800 0
028 F041800 17255
028 G011800 160909
028 G021800 82273
028 G031800 0
028 G041800 153440
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
<PAGE> PAGE 131
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
054 A001800 Y
054 B001800 Y
054 C001800 Y
054 D001800 N
054 E001800 N
054 F001800 N
054 G001800 Y
054 H001800 Y
054 I001800 N
054 J001800 Y
054 K001800 N
054 L001800 Y
054 M001800 Y
054 N001800 N
054 O001800 N
055 A001800 N
055 B001800 N
056 001800 Y
057 001800 N
058 A001800 Y
058 B001800 Y
058 C001800 Y
058 D001800 Y
058 E001800 N
059 001800 Y
060 A001800 Y
060 B001800 Y
061 001800 2000
062 A001800 N
062 B001800 0.0
062 C001800 0.0
<PAGE> PAGE 132
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
063 A001800 0
063 B001800 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 Y
070 K011800 Y
070 K021800 N
070 L011800 Y
<PAGE> PAGE 133
070 L021800 Y
070 M011800 Y
070 M021800 Y
070 N011800 Y
070 N021800 N
070 O011800 N
070 O021800 N
070 P011800 Y
070 P021800 N
070 Q011800 N
070 Q021800 N
070 R011800 N
070 R021800 N
071 A001800 136530
071 B001800 164609
071 C001800 1008348
071 D001800 14
072 A001800 6
072 B001800 3929
072 C001800 25310
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072 E001800 0
072 F001800 4601
072 G001800 0
072 H001800 0
072 I001800 0
072 J001800 391
072 K001800 15
072 L001800 45
072 M001800 3
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072 O001800 0
072 P001800 0
072 Q001800 0
072 R001800 14
072 S001800 2
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072 V001800 0
072 W001800 57
072 X001800 5128
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072 Z001800 24111
072AA001800 54339
072BB001800 27704
072CC011800 102677
072CC021800 0
072DD011800 47271
072DD021800 0
072EE001800 35002
073 A011800 0.4500
<PAGE> PAGE 134
073 A021800 0.0000
073 B001800 0.6900
073 C001800 0.0000
074 A001800 248
074 B001800 126007
074 C001800 63541
074 D001800 0
074 E001800 17964
074 F001800 1058452
074 G001800 0
074 H001800 0
074 I001800 0
074 J001800 902
074 K001800 0
074 L001800 6114
074 M001800 0
074 N001800 1273228
074 O001800 3254
074 P001800 783
074 Q001800 0
074 R011800 0
074 R021800 0
074 R031800 0
074 R041800 200
074 S001800 0
074 T001800 1268991
074 U011800 77230
074 U021800 0
074 V011800 16.43
074 V021800 0.00
074 W001800 0.0000
074 X001800 3
074 Y001800 0
075 A001800 0
075 B001800 1158198
076 001800 0.00
008 A001901 TEMPLETON ASSET MANAGEMENT LTD.
008 B001901 A
008 C001901 801-46997
008 D011901 SINGAPORE
008 D051901 SINGAPORE
008 D061901 038987
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
015 B001902 S
015 C011902 BUENOS AIRES
<PAGE> PAGE 135
015 D011902 ARGENTINA
015 E041902 X
015 A001903 THE CHASE MANHATTAN BANK
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 THE BRITISH BANK OF THE MIDDLE EAST
015 B001905 S
015 C011905 MANAMA
015 D011905 BAHRAIN
015 E041905 X
015 A001906 STANDARD CHARTERED BANK PLC
015 B001906 S
015 C011906 DHAKA
015 D011906 BANGLADESH
015 E041906 X
015 A001907 GENERALE BANK
015 B001907 S
015 C011907 BRUSSELS
015 D011907 BELGIUM
015 D021907 M5J 2J5
015 E041907 X
015 A001908 BARCLAYS BANK OF BOTSWANA LIMITED
015 B001908 S
015 C011908 GABORONE
015 D011908 BOTSWANA
015 D021908 M5J 2T2
015 E041908 X
015 A001909 BANCO CHASE MANHATTAN, S.A.
015 B001909 S
015 C011909 SAO PAULO
015 D011909 BRAZIL
015 E041909 X
015 A001910 ROYAL BANK OF CANADA
015 B001910 S
015 C011910 TORONTO
015 D011910 CANADA
015 E041910 X
015 A001911 CANADA TRUSTCO MORTGAGE COMPANY
015 B001911 S
015 C011911 TORONTO
015 D011911 CANADA
015 E041911 X
015 A001912 THE CHASE MANHATTAN BANK
015 B001912 S
<PAGE> PAGE 136
015 C011912 SANTIAGO
015 D011912 CHILE
015 E041912 X
015 A001913 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001913 S
015 C011913 SHENZHEN
015 D011913 CHINA
015 E041913 X
015 A001914 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001914 S
015 C011914 SHANGHAI
015 D011914 CHINA
015 E041914 X
015 A001915 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B001915 S
015 C011915 SANTAFE DE BOGOTA
015 D011915 COLOMBIA
015 E041915 X
015 A001916 BARCLAYS BANK PLC
015 B001916 S
015 C011916 CYPRUS
015 D011916 CYPRUS
015 E041916 X
015 A001917 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001917 S
015 C011917 PRAGUE
015 D011917 CZECH REPUBLIC
015 E041917 X
015 A001918 DEN DANSKE BANK
015 B001918 S
015 C011918 COPENHAGEN
015 D011918 DENMARK
015 E041918 X
015 A001919 CITIBANK, N.A.
015 B001919 S
015 C011919 QUITO
015 D011919 ECUADOR
015 E041919 X
015 A001920 NATIONAL BANK OF EGYPT
015 B001920 S
015 C011920 CAIRO
015 D011920 EGYPT
015 E041920 X
015 A001921 MERITA BANK LTD.
015 B001921 S
015 C011921 HELSINKI
015 D011921 FINLAND
015 E041921 X
015 A001922 BANQUE PARIBAS
015 B001922 S
015 C011922 PARIS
<PAGE> PAGE 137
015 D011922 FRANCE
015 E041922 X
015 A001923 CHASE BANK, A.G.
015 B001923 S
015 C011923 FRANKFURT
015 D011923 GERMANY
015 E041923 X
015 A001924 BARCLAYS BANK OF GHANA LTD.
015 B001924 S
015 C011924 ACCRA
015 D011924 GHANA
015 E041924 X
015 A001925 BARCLAYS BANK PLC
015 B001925 S
015 C011925 ATHENS
015 D011925 GREECE
015 E041925 X
015 A001926 THE CHASE MANHATTAN BANK
015 B001926 S
015 C011926 HONG KONG
015 D011926 HONG KONG
015 E041926 X
015 A001927 CITIBANK BUDAPEST RT.
015 B001927 S
015 C011927 BUDAPEST
015 D011927 HUNGARY
015 E041927 X
015 A001928 KELER LTD. (DEPOSITORY)
015 B001928 S
015 C011928 BUDAPEST
015 D011928 HUNGARY
015 E041928 X
015 A001929 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001929 S
015 C011929 BOMBAY
015 D011929 INDIA
015 E041929 X
015 A001930 DEUTSCHE BANK, A.G., BOMBAY
015 B001930 S
015 C011930 BOMBAY
015 D011930 INDIA
015 E041930 X
015 A001931 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001931 S
015 C011931 JAKARTA
015 D011931 INDONESIA
015 E041931 X
015 A001932 BANK OF IRELAND
015 B001932 S
015 C011932 DUBLIN
015 D011932 IRELAND
<PAGE> PAGE 138
015 E041932 X
015 A001933 BANK LEUMI LE-ISRAEL B.M.
015 B001933 S
015 C011933 TEL AVIV
015 D011933 ISRAEL
015 E041933 X
015 A001934 BANQUE PARIBUS, MILAN
015 B001934 S
015 C011934 MILAN
015 D011934 ITALY
015 E041934 X
015 A001935 THE FUJI BANK LIMITED
015 B001935 S
015 C011935 TOKYO
015 D011935 JAPAN
015 E041935 X
015 A001936 THE JAPAN SECURITIES DEPOSITORY CENTER
015 B001936 S
015 C011936 TOKYO
015 D011936 JAPAN
015 E041936 X
015 A001937 ARAB BANK, LIMITED
015 B001937 S
015 C011937 AMMAN
015 D011937 JORDAN
015 E041937 X
015 A001938 BARCLAYS BANK OF KENYA LTD.
015 B001938 S
015 C011938 NAIROBI
015 D011938 KENYA
015 E041938 X
015 A001939 CEDEL S.A. (DEPOSITORY)
015 B001939 S
015 C011939 LUXEMBOURG CITY
015 D011939 LUXEMBOURG
015 E041939 X
015 A001940 BANQUE GENERALE DU LUXEMBOURG
015 B001940 S
015 C011940 LUXEMBOURG CITY
015 D011940 LUXEMBOURG
015 E041940 X
015 A001941 THE CHASE MANHATTAN BANK, (M) BERHAD
015 B001941 S
015 C011941 KUALA LUMPUR
015 D011941 MALAYSIA
015 E041941 X
015 A001942 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001942 S
015 C011942 PORT LOUIS
015 D011942 MAURITIUS
015 E041942 X
<PAGE> PAGE 139
015 A001943 DELETE
015 A001944 CHASE MANHATTAN BANK MEXICO, S.A.,
015 B001944 S
015 C011944 MEXICO CITY
015 D011944 MEXICO
015 E041944 X
015 A001945 BANQUE COMMERCIALE DU MAROC
015 B001945 S
015 C011945 CASABLANCA
015 D011945 MOROCCO
015 E041945 X
015 A001946 STANDARD BANK NAMIBIA LIMITED
015 B001946 S
015 C011946 WINDHOEK
015 D011946 NAMIBIA
015 E041946 X
015 A001947 ABN-AMRO BANK N.V.
015 B001947 S
015 C011947 AMSTERDAM
015 D011947 NETHERLANDS
015 E041947 X
015 A001948 NATIONAL NOMINEES LIMITED
015 B001948 S
015 C011948 AUCKLAND
015 D011948 NEW ZEALAND
015 E041948 X
015 A001949 AUSTRACLEAR NEW ZEALAND
015 B001949 S
015 C011949 WELLINGTON
015 D011949 NEW ZEALAND
015 E041949 X
015 A001950 DEN NORSKE BANK
015 B001950 S
015 C011950 OSLO
015 D011950 NORWAY
015 E041950 X
015 A001951 THE BRITISH BANK OF THE MIDDLE EAST
015 B001951 S
015 C011951 MUSCAT
015 D011951 OMAN
015 E041951 X
015 A001952 CITIBANK, N.A.
015 B001952 S
015 C011952 KARACHI
015 D011952 PAKISTAN
015 E041952 X
015 A001953 DEUTSCHE BANK, A.G., KARACHI
015 B001953 S
015 C011953 KARACHI
015 D011953 PAKISTAN
015 E041953 X
<PAGE> PAGE 140
015 A001954 CITIBANK, N.A.
015 B001954 S
015 C011954 LIMA
015 D011954 PERU
015 E041954 X
015 A001955 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001955 S
015 C011955 MANILA
015 D011955 PHILIPPINES
015 E041955 X
015 A001956 BANK HANDLOWY W WARZAWIE, S.A.
015 B001956 S
015 C011956 WARSAW
015 D011956 POLAND
015 E041956 X
015 A001957 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA,SA
015 B001957 S
015 C011957 LISBON
015 D011957 PORTUGAL
015 E041957 X
015 A001958 THE CHASE MANHATTAN BANK INTERNATIONAL
015 B001958 S
015 C011958 MOSCOW
015 D011958 RUSSIA
015 E041958 X
015 A001959 THE CHASE MANHATTAN BANK
015 B001959 S
015 C011959 SINGAPORE
015 D011959 SINGAPORE
015 E041959 X
015 A001960 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001960 S
015 C011960 BRATISLAVA
015 D011960 SLOVAKIA
015 E041960 X
015 A001961 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B001961 S
015 C011961 JOHANNESBURG
015 D011961 SOUTH AFRICA
015 E041961 X
015 A001962 THE CENTRAL DEPOSITORY LTD.
015 B001962 S
015 C011962 JOHANNESBURG
015 D011962 SOUTH AFRICA
015 E041962 X
015 A001963 THE HONGKONG AND SHANGHAI BANKING CORP, LTD.
015 B001963 S
015 C011963 SEOUL
015 D011963 SOUTH KOREA
015 E041963 X
015 A001964 THE CHASE MANHATTAN BANK
<PAGE> PAGE 141
015 B001964 S
015 C011964 MADRID
015 D011964 SPAIN
015 E041964 X
015 A001965 THE HONGKONG AND SHANGHAI BANKING CORP. LTD
015 B001965 S
015 C011965 COLOMBO
015 D011965 SRI LANKA
015 E041965 X
015 A001966 STANBIC BANK SWAZILAND LTD.
015 B001966 S
015 C011966 MBABANE
015 D011966 SWAZILAND
015 E041966 X
015 A001967 SKANDINAVISKA ENSKILDA BANKEN
015 B001967 S
015 C011967 STOCKHOLM
015 D011967 SWEDEN
015 E041967 X
015 A001968 UNION BANK OF SWITZERLAND
015 B001968 S
015 C011968 ZURICH
015 D011968 SWITZERLAND
015 E041968 X
015 A001969 THE CHASE MANHATTAN BANK
015 B001969 S
015 C011969 TAIPEI
015 D011969 TAIWAN
015 E041969 X
015 A001970 THE CHASE MANHATTAN BANK
015 B001970 S
015 C011970 BANGKOK
015 D011970 THAILAND
015 E041970 X
015 A001971 THE CHASE MANHATTAN BANK
015 B001971 S
015 C011971 ISTANBUL
015 D011971 TURKEY
015 E041971 X
015 A001972 TAKASBANK (TVS) (DEPOSITORY)
015 B001972 S
015 C011972 ISTANBUL
015 D011972 TURKEY
015 E041972 X
015 A001973 THE CHASE MANHATTAN BANK
015 B001973 S
015 C011973 LONDON
015 D011973 UNITED KINGDOM
015 E041973 X
015 A001974 FIRST CHICAGO NBD CORPORATION
015 B001974 S
<PAGE> PAGE 142
015 C011974 LONDON
015 D011974 UNITED KINGDOM
015 E041974 X
015 A001975 THE FIRST NATIONAL BANK OF BOSTON
015 B001975 S
015 C011975 MONTEVIDEO
015 D011975 URUGUAY
015 E041975 X
015 A001976 CITIBANK, N.A.
015 B001976 S
015 C011976 CARACAS
015 D011976 VENEZUELA
015 E041976 X
015 A001977 BARCLAYS BANK OF ZAMBIA LTD.
015 B001977 S
015 C011977 LUSAKA
015 D011977 ZAMBIA
015 E041977 X
015 A001978 BARCLAYS BANK PLC
015 B001978 S
015 C011978 HARARE
015 D011978 ZIMBABWE
015 E041978 X
015 A001979 SOCIETE GENERALE DE BANQUES DE COTE D'IVOIRE
015 B001979 S
015 C011979 ABIDJAN
015 D011979 IVORY COAST
015 E041979 X
015 A001980 THE BRITISH BANK OF THE MIDDLE EAST
015 B001980 S
015 C011980 BEIRUT
015 D011980 LEBANON
015 E041980 X
015 A001981 CLEARING CENTRE OF FINANCIAL INSTRUMENTS
015 B001981 S
015 C011981 BEIRUT
015 D011981 LEBANON
015 E041981 X
015 A001982 DELETE
015 A001983 DELETE
015 A001984 DELETE
015 A001985 DELETE
015 A001986 DELETE
015 A001987 DELETE
015 A001988 DELETE
024 001900 N
025 D001901 0
025 D001902 0
025 D001903 0
025 D001904 0
025 D001905 0
<PAGE> PAGE 143
025 D001906 0
025 D001907 0
025 D001908 0
028 A011900 18742
028 A021900 0
028 A031900 0
028 A041900 3777
028 B011900 21304
028 B021900 0
028 B031900 0
028 B041900 6088
028 C011900 12554
028 C021900 0
028 C031900 0
028 C041900 11502
028 D011900 15112
028 D021900 0
028 D031900 0
028 D041900 7936
028 E011900 10350
028 E021900 0
028 E031900 0
028 E041900 5673
028 F011900 14960
028 F021900 10312
028 F031900 0
028 F041900 2895
028 G011900 93022
028 G021900 10312
028 G031900 0
028 G041900 37871
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
<PAGE> PAGE 144
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
052 001900 N
053 A001900 N
054 A001900 Y
054 B001900 Y
054 C001900 Y
054 D001900 N
054 E001900 N
054 F001900 N
054 G001900 Y
054 H001900 Y
054 I001900 N
054 J001900 Y
054 K001900 N
054 L001900 Y
054 M001900 Y
054 N001900 N
054 O001900 N
055 A001900 N
055 B001900 N
056 001900 Y
057 001900 N
058 A001900 Y
058 B001900 Y
058 C001900 Y
058 D001900 Y
058 E001900 N
059 001900 Y
060 A001900 Y
060 B001900 Y
061 001900 2000
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
<PAGE> PAGE 145
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 N
066 D001900 Y
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
070 H011900 Y
070 H021900 N
070 I011900 N
070 I021900 N
070 J011900 Y
070 J021900 Y
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
<PAGE> PAGE 146
070 P021900 N
070 Q011900 N
070 Q021900 N
070 R011900 N
070 R021900 N
071 A001900 64474
071 B001900 23328
071 C001900 635166
071 D001900 4
072 A001900 6
072 B001900 995
072 C001900 5266
072 D001900 0
072 E001900 0
072 F001900 2056
072 G001900 0
072 H001900 0
072 I001900 0
072 J001900 247
072 K001900 10
072 L001900 9
072 M001900 1
072 N001900 0
072 O001900 0
072 P001900 0
072 Q001900 0
072 R001900 6
072 S001900 0
072 T001900 0
072 U001900 0
072 V001900 0
072 W001900 0
072 X001900 2329
072 Y001900 0
072 Z001900 3932
072AA001900 8129
072BB001900 2777
072CC011900 48232
072CC021900 0
072DD011900 3987
072DD021900 0
072EE001900 6325
073 A011900 0.1450
073 A021900 0.0000
073 B001900 0.2300
073 C001900 0.0000
074 A001900 1055
074 B001900 0
074 C001900 43787
074 D001900 75
074 E001900 33020
<PAGE> PAGE 147
074 F001900 306649
074 G001900 0
074 H001900 0
074 I001900 0
074 J001900 2075
074 K001900 0
074 L001900 2029
074 M001900 0
074 N001900 388690
074 O001900 3129
074 P001900 385
074 Q001900 0
074 R011900 0
074 R021900 0
074 R031900 0
074 R041900 411
074 S001900 0
074 T001900 384765
074 U011900 28566
074 U021900 0
074 V011900 13.47
074 V021900 0.00
074 W001900 0.0000
074 X001900 3
074 Y001900 0
075 A001900 0
075 B001900 331708
076 001900 0.00
008 A002001 TEMPLETON GLOBAL ADVISORS LIMITED
008 B002001 A
008 C002001 801-42343
008 D012001 NASSAU
008 D052001 BAHAMAS
015 A002001 THE CHASE MANHATTAN BANK, N.A.
015 B002001 C
015 C012001 NEW YORK
015 C022001 NY
015 C032001 10081
015 E012001 X
015 A002002 THE CHASE MANHATTAN BANK
015 B002002 S
015 C012002 BUENOS AIRES
015 D012002 ARGENTINA
015 E042002 X
015 A002003 THE CHASE MANHATTAN BANK
015 B002003 S
015 C012003 SYDNEY
015 D012003 AUSTRALIA
015 E042003 X
015 A002004 CREDITANSTALT-BANKVEREIN
015 B002004 S
<PAGE> PAGE 148
015 C012004 VIENNA
015 D012004 AUSTRIA
015 E042004 X
015 A002005 THE BRITISH BANK OF THE MIDDLE EAST
015 B002005 S
015 C012005 MANAMA
015 D012005 BAHRAIN
015 E042005 X
015 A002006 STANDARD CHARTERED BANK PLC
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 BARCLAYS BANK OF BOTSWANA LIMITED
015 B002008 S
015 C012008 GABORONE
015 D012008 BOTSWANA
015 E042008 X
015 A002009 BANCO CHASE MANHATTAN, S.A.
015 B002009 S
015 C012009 SAO PAULO
015 D012009 BRAZIL
015 E042009 X
015 A002010 ROYAL BANK OF CANADA
015 B002010 S
015 C012010 TORONTO
015 D012010 CANADA
015 E042010 X
015 A002011 CANADA TRUSTCO MORTGAGE COMPANY
015 B002011 S
015 C012011 TORONTO
015 D012011 CANADA
015 E042011 X
015 A002012 THE CHASE MANHATTAN BANK
015 B002012 S
015 C012012 SANTIAGO
015 D012012 CHILE
015 E042012 X
015 A002013 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002013 S
015 C012013 SHENZHEN
015 D012013 CHINA
015 E042013 X
015 A002014 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002014 S
015 C012014 SHANGHAI
<PAGE> PAGE 149
015 D012014 CHINA
015 E042014 X
015 A002015 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B002015 S
015 C012015 SANTAFE DE BOGOTA
015 D012015 COLOMBIA
015 E042015 X
015 A002016 BARCLAYS BANK PLC
015 B002016 S
015 C012016 CYPRUS
015 D012016 CYPRUS
015 E042016 X
015 A002017 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B002017 S
015 C012017 PRAGUE
015 D012017 CZECH REPUBLIC
015 E042017 X
015 A002018 DEN DANSKE BANK
015 B002018 S
015 C012018 COPENHAGEN
015 D012018 DENMARK
015 E042018 X
015 A002019 CITIBANK, N.A.
015 B002019 S
015 C012019 QUITO
015 D012019 ECUADOR
015 E042019 X
015 A002020 NATIONAL BANK OF EGYPT
015 B002020 S
015 C012020 CAIRO
015 D012020 EGYPT
015 E042020 X
015 A002021 MERITA BANK LTD.
015 B002021 S
015 C012021 HELSINKI
015 D012021 FINLAND
015 E042021 X
015 A002022 BANQUE PARIBAS
015 B002022 S
015 C012022 PARIS
015 D012022 FRANCE
015 E042022 X
015 A002023 CHASE BANK, A.G.
015 B002023 S
015 C012023 FRANKFURT
015 D012023 GERMANY
015 E042023 X
015 A002024 BARCLAYS BANK OF GHANA LTD.
015 B002024 S
015 C012024 ACCRA
015 D012024 GHANA
<PAGE> PAGE 150
015 E042024 X
015 A002025 BARCLAYS BANK PLC
015 B002025 S
015 C012025 ATHENS
015 D012025 GREECE
015 E042025 X
015 A002026 THE CHASE MANHATTAN BANK
015 B002026 S
015 C012026 HONG KONG
015 D012026 HONG KONG
015 E042026 X
015 A002027 CITIBANK BUDAPEST RT.
015 B002027 S
015 C012027 BUDAPEST
015 D012027 HUNGARY
015 E042027 X
015 A002028 KELER LTD. (DEPOSITORY)
015 B002028 S
015 C012028 BUDAPEST
015 D012028 HUNGARY
015 E042028 X
015 A002029 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002029 S
015 C012029 BOMBAY
015 D012029 INDIA
015 E042029 X
015 A002030 DEUTSCHE BANK, A.G., BOMBAY
015 B002030 S
015 C012030 BOMBAY
015 D012030 INDIA
015 E042030 X
015 A002031 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002031 S
015 C012031 JAKARTA
015 D012031 INDONESIA
015 E042031 X
015 A002032 BANK OF IRELAND
015 B002032 S
015 C012032 DUBLIN
015 D012032 IRELAND
015 E042032 X
015 A002033 BANK LEUMI LE-ISRAEL B.M.
015 B002033 S
015 C012033 TEL AVIV
015 D012033 ISRAEL
015 E042033 X
015 A002034 BANQUE PARIBUS, MILAN
015 B002034 S
015 C012034 MILAN
015 D012034 ITALY
015 E042034 X
<PAGE> PAGE 151
015 A002035 THE FUJI BANK LIMITED
015 B002035 S
015 C012035 TOKYO
015 D012035 JAPAN
015 E042035 X
015 A002036 THE JAPAN SECURITIES DEPOSITORY CENTER
015 B002036 S
015 C012036 TOKYO
015 D012036 JAPAN
015 E042036 X
015 A002037 ARAB BANK, LIMITED
015 B002037 S
015 C012037 AMMAN
015 D012037 JORDAN
015 E042037 X
015 A002038 BARCLAYS BANK OF KENYA LTD.
015 B002038 S
015 C012038 NAIROBI
015 D012038 KENYA
015 E042038 X
015 A002039 CEDEL S.A. (DEPOSITORY)
015 B002039 S
015 C012039 LUXEMBOURG CITY
015 D012039 LUXEMBOURG
015 E042039 X
015 A002040 BANQUE GENERALE DU LUXEMBOURG
015 B002040 S
015 C012040 LUXEMBOURG CITY
015 D012040 LUXEMBOURG
015 E042040 X
015 A002041 THE CHASE MANHATTAN BANK, (M) BERHAD
015 B002041 S
015 C012041 KUALA LUMPUR
015 D012041 MALAYSIA
015 E042041 X
015 A002042 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002042 S
015 C012042 PORT LOUIS
015 D012042 MAURITIUS
015 E042042 X
015 A002043 DELETE
015 A002044 CHASE MANHATTAN BANK MEXICO, S.A.,
015 B002044 S
015 C012044 MEXICO CITY
015 D012044 MEXICO
015 E042044 X
015 A002045 BANQUE COMMERCIALE DU MAROC
015 B002045 S
015 C012045 CASABLANCA
015 D012045 MOROCCO
015 E042045 X
<PAGE> PAGE 152
015 A002046 STANDARD BANK NAMIBIA LIMITED
015 B002046 S
015 C012046 WINDHOEK
015 D012046 NAMIBIA
015 E042046 X
015 A002047 ABN-AMRO BANK N.V.
015 B002047 S
015 C012047 AMSTERDAM
015 D012047 NETHERLANDS
015 E042047 X
015 A002048 NATIONAL NOMINEES LIMITED
015 B002048 S
015 C012048 AUCKLAND
015 D012048 NEW ZEALAND
015 E042048 X
015 A002049 AUSTRACLEAR NEW ZEALAND (DEPOSITORY)
015 B002049 S
015 C012049 WELLINGTON
015 D012049 NEW ZEALAND
015 E042049 X
015 A002050 DEN NORSKE BANK
015 B002050 S
015 C012050 OSLO
015 D012050 NORWAY
015 E042050 X
015 A002051 THE BRITISH BANK OF THE MIDDLE EAST
015 B002051 S
015 C012051 MUSCAT
015 D012051 OMAN
015 E042051 X
015 A002052 CITIBANK, N.A.
015 B002052 S
015 C012052 KARACHI
015 D012052 PAKISTAN
015 E042052 X
015 A002053 DEUTSCHE BANK, A.G., KARACHI
015 B002053 S
015 C012053 KARACHI
015 D012053 PAKISTAN
015 E042053 X
015 A002054 CITIBANK, N.A.
015 B002054 S
015 C012054 LIMA
015 D012054 PERU
015 E042054 X
015 A002055 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002055 S
015 C012055 MANILA
015 D012055 PHILIPPINES
015 E042055 X
015 A002056 BANK HANDLOWY W WARZAWIE, S.A.
<PAGE> PAGE 153
015 B002056 S
015 C012056 WARSAW
015 D012056 POLAND
015 E042056 X
015 A002057 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA,SA
015 B002057 S
015 C012057 LISBON
015 D012057 PORTUGAL
015 E042057 X
015 A002058 THE CHASE MANHATTAN BANK INTERNATIONAL
015 B002058 S
015 C012058 MOSCOW
015 D012058 RUSSIA
015 E042058 X
015 A002059 THE CHASE MANHATTAN BANK
015 B002059 S
015 C012059 SINGAPORE
015 D012059 SINGAPORE
015 E042059 X
015 A002060 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B002060 S
015 C012060 BRATISLAVA
015 D012060 SLOVAKIA
015 E042060 X
015 A002061 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B002061 S
015 C012061 JOHANNESBURG
015 D012061 SOUTH AFRICA
015 E042061 X
015 A002062 THE CENTRAL DEPOSITORY LTD.
015 B002062 S
015 C012062 JOHANNESBURG
015 D012062 SOUTH AFRICA
015 E042062 X
015 A002063 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002063 S
015 C012063 SEOUL
015 D012063 SOUTH KOREA
015 E042063 X
015 A002064 THE CHASE MANHATTAN BANK
015 B002064 S
015 C012064 MADRID
015 D012064 SPAIN
015 E042064 X
015 A002065 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002065 S
015 C012065 COLOMBO
015 D012065 SRI LANKA
015 E042065 X
015 A002066 STANBIC BANK SWAZILAND LTD.
015 B002066 S
<PAGE> PAGE 154
015 C012066 MBABANE
015 D012066 SWAZILAND
015 E042066 X
015 A002067 SKANDINAVISKA ENSKILDA BANKEN
015 B002067 S
015 C012067 STOCKHOLM
015 D012067 SWEDEN
015 E042067 X
015 A002068 UNION BANK OF SWITZERLAND
015 B002068 S
015 C012068 ZURICH
015 D012068 SWITZERLAND
015 E042068 X
015 A002069 THE CHASE MANHATTAN BANK
015 B002069 S
015 C012069 TAIPEI
015 D012069 TAIWAN
015 E042069 X
015 A002070 THE CHASE MANHATTAN BANK
015 B002070 S
015 C012070 BANGKOK
015 D012070 THAILAND
015 E042070 X
015 A002071 THE CHASE MANHATTAN BANK
015 B002071 S
015 C012071 ISTANBUL
015 D012071 TURKEY
015 E042071 X
015 A002072 TAKASBANK (TVS) (DEPOSITORY)
015 B002072 S
015 C012072 ISTANBUL
015 D012072 TURKEY
015 E042072 X
015 A002073 THE CHASE MANHATTAN BANK
015 B002073 S
015 C012073 LONDON
015 D012073 UNITED KINGDOM
015 E042073 X
015 A002074 FIRST CHICAGO NBD CORPORATION
015 B002074 S
015 C012074 LONDON
015 D012074 UNITED KINGDOM
015 E042074 X
015 A002075 THE FIRST NATIONAL BANK OF BOSTON
015 B002075 S
015 C012075 MONTEVIDEO
015 D012075 URUGUAY
015 E042075 X
015 A002076 CITIBANK, N.A.
015 B002076 S
015 C012076 CARACAS
<PAGE> PAGE 155
015 D012076 VENEZUELA
015 E042076 X
015 A002077 BARCLAYS BANK OF ZAMBIA LTD.
015 B002077 S
015 C012077 LUSAKA
015 D012077 ZAMBIA
015 E042077 X
015 A002078 BARCLAYS BANK PLC
015 B002078 S
015 C012078 HARARE
015 D012078 ZIMBABWE
015 E042078 X
015 A002079 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
015 B002079 S
015 C012079 ABIDJAN
015 D012079 IVORY COAST
015 E042079 X
015 A002080 THE BRITISH BANK OF THE MIDDLE EAST
015 B002080 S
015 C012080 BEIRUT
015 D012080 LEBANON
015 E042080 X
015 A002081 CLEARING CENTRE OF FINANCIAL INSTRUMENTS
015 B002081 S
015 C012081 BEIRUT
015 D012081 LEBANON
015 E042081 X
024 002000 Y
025 A002001 A.G. EDWARDS & SONS
025 B002001 43-0895447
025 C002001 E
025 D002001 4164
025 A002002 MERRILL LYNCH, PIERCE, FENNER & SMITH
025 B002002 13-5674085
025 C002002 E
025 D002002 5009
025 A002003 DELETE
025 D002003 0
025 D002004 0
025 D002005 0
025 D002006 0
025 D002007 0
025 D002008 0
028 A012000 15113
028 A022000 0
028 A032000 0
028 A042000 6104
028 B012000 18805
028 B022000 0
028 B032000 0
028 B042000 5534
<PAGE> PAGE 156
028 C012000 18514
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028 D012000 16968
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028 D042000 8615
028 E012000 19654
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028 E032000 0
028 E042000 5528
028 F012000 15548
028 F022000 14760
028 F032000 0
028 F042000 6088
028 G012000 104602
028 G022000 14760
028 G032000 0
028 G042000 41153
028 H002000 0
045 002000 Y
046 002000 N
047 002000 Y
048 002000 0.000
048 A012000 100000
048 A022000 1.000
048 B012000 150000
048 B022000 0.900
048 C012000 250000
048 C022000 0.800
048 D012000 0
048 D022000 0.000
048 E012000 0
048 E022000 0.000
048 F012000 0
048 F022000 0.000
048 G012000 0
048 G022000 0.000
048 H012000 0
048 H022000 0.000
048 I012000 0
048 I022000 0.000
048 J012000 0
048 J022000 0.000
048 K012000 500000
048 K022000 0.750
049 002000 N
050 002000 N
051 002000 N
052 002000 N
<PAGE> PAGE 157
053 A002000 N
054 A002000 Y
054 B002000 Y
054 C002000 Y
054 D002000 N
054 E002000 N
054 F002000 N
054 G002000 Y
054 H002000 Y
054 I002000 N
054 J002000 Y
054 K002000 N
054 L002000 Y
054 M002000 Y
054 N002000 N
054 O002000 N
055 A002000 Y
055 B002000 N
056 002000 Y
057 002000 N
058 A002000 Y
058 B002000 Y
058 C002000 Y
058 D002000 Y
058 E002000 N
059 002000 Y
060 A002000 Y
060 B002000 Y
061 002000 2000
062 A002000 N
062 B002000 0.0
062 C002000 0.0
062 D002000 0.0
062 E002000 0.0
062 F002000 0.0
062 G002000 0.0
062 H002000 0.0
062 I002000 0.0
062 J002000 0.0
062 K002000 0.0
062 L002000 0.0
062 M002000 0.0
062 N002000 0.0
062 O002000 0.0
062 P002000 0.0
062 Q002000 0.0
062 R002000 0.0
063 A002000 0
063 B002000 0.0
066 A002000 Y
066 B002000 N
<PAGE> PAGE 158
066 C002000 N
066 D002000 Y
066 E002000 N
066 F002000 N
066 G002000 N
067 002000 N
068 A002000 N
068 B002000 Y
069 002000 N
070 A012000 Y
070 A022000 Y
070 B012000 Y
070 B022000 N
070 C012000 Y
070 C022000 N
070 D012000 Y
070 D022000 N
070 E012000 Y
070 E022000 N
070 F012000 Y
070 F022000 N
070 G012000 Y
070 G022000 N
070 H012000 Y
070 H022000 N
070 I012000 N
070 I022000 N
070 J012000 Y
070 J022000 N
070 K012000 Y
070 K022000 Y
070 L012000 Y
070 L022000 Y
070 M012000 Y
070 M022000 Y
070 N012000 Y
070 N022000 N
070 O012000 N
070 O022000 N
070 P012000 Y
070 P022000 N
070 Q012000 N
070 Q022000 N
070 R012000 N
070 R022000 N
071 A002000 62615
071 B002000 41798
071 C002000 564777
071 D002000 7
072 A002000 6
072 B002000 2254
<PAGE> PAGE 159
072 C002000 11186
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072 E002000 0
072 F002000 2683
072 G002000 0
072 H002000 0
072 I002000 0
072 J002000 97
072 K002000 16
072 L002000 23
072 M002000 2
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072 O002000 0
072 P002000 0
072 Q002000 0
072 R002000 4
072 S002000 1
072 T002000 0
072 U002000 0
072 V002000 0
072 W002000 4
072 X002000 2830
072 Y002000 0
072 Z002000 10610
072AA002000 18432
072BB002000 102
072CC012000 56908
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072DD022000 0
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073 A012000 0.2400
073 A022000 0.0000
073 B002000 0.0800
073 C002000 0.0000
074 A002000 0
074 B002000 67355
074 C002000 37722
074 D002000 6600
074 E002000 21963
074 F002000 593538
074 G002000 0
074 H002000 0
074 I002000 0
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074 K002000 0
074 L002000 3973
074 M002000 0
074 N002000 731151
074 O002000 50
074 P002000 489
<PAGE> PAGE 160
074 Q002000 0
074 R012000 0
074 R022000 0
074 R032000 0
074 R042000 1438
074 S002000 0
074 T002000 729174
074 U012000 47378
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074 V012000 15.39
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076 002000 0.00
008 A002101 TEMPLETON GLOBAL ADVISORS LIMITED
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 FT. 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
015 C022101 NY
015 C032101 10081
015 E012101 X
015 A002102 THE CHASE MANHATTAN BANK
015 B002102 S
015 C012102 BUENOS AIRES
015 D012102 ARGENTINA
015 E042102 X
015 A002103 THE CHASE MANHATTAN BANK
015 B002103 S
015 C012103 SYDNEY
015 D012103 AUSTRALIA
015 E042103 X
015 A002104 CREDITANSTALT BANKVEREIN
015 B002104 S
015 C012104 VIENNA
015 D012104 AUSTRIA
015 E042104 X
015 A002105 THE BRITISH BANK OF THE MIDDLE EAST
<PAGE> PAGE 161
015 B002105 S
015 C012105 MANAMA
015 D012105 BAHRAIN
015 E042105 X
015 A002106 STANDARD CHARTERED BANK PLC
015 B002106 S
015 C012106 DHAKA
015 D012106 BANGLADESH
015 E042106 X
015 A002107 GENERALE BANK
015 B002107 S
015 C012107 BRUSSELS
015 D012107 BELGIUM
015 E042107 X
015 A002108 BARCLAYS BANK OF BOTSWANA LIMITED
015 B002108 S
015 C012108 GABORONE
015 D012108 BOTSWANA
015 E042108 X
015 A002109 BANCO CHASE MANHATTAN, S.A.
015 B002109 S
015 C012109 SAO PAULO
015 D012109 BRAZIL
015 E042109 X
015 A002110 ROYAL BANK OF CANADA
015 B002110 S
015 C012110 TORONTO
015 D012110 CANADA
015 E042110 X
015 A002111 CANADA TRUSTCO MORTGAGE COMPANY
015 B002111 S
015 C012111 TORONTO
015 D012111 CANADA
015 E042111 X
015 A002112 THE CHASE MANHATTAN BANK
015 B002112 S
015 C012112 SANTIAGO
015 D012112 CHILE
015 E042112 X
015 A002113 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002113 S
015 C012113 SHENZHEN
015 D012113 CHINA
015 E042113 X
015 A002114 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002114 S
015 C012114 SHANGHAI
015 D012114 CHINA
015 E042114 X
015 A002115 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B002115 S
<PAGE> PAGE 162
015 C012115 SANTAFE DE BOGOTA
015 D012115 COLOMBIA
015 E042115 X
015 A002116 BARCLAYS BANK PLC
015 B002116 S
015 C012116 CYPRUS
015 D012116 CYPRUS
015 E042116 X
015 A002117 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B002117 S
015 C012117 PRAGUE
015 D012117 CZECH REPUBLIC
015 E042117 X
015 A002118 DEN DANSKE BANK
015 B002118 S
015 C012118 COPENHAGEN
015 D012118 DENMARK
015 E042118 X
015 A002119 CITIBANK, N.A.
015 B002119 S
015 C012119 QUITO
015 D012119 ECUADOR
015 E042119 X
015 A002120 NATIONAL BANK OF EGYPT
015 B002120 S
015 C012120 CAIRO
015 D012120 EGYPT
015 E042120 X
015 A002121 MERITA BANK LTD.
015 B002121 S
015 C012121 HELSINKI
015 D012121 FINLAND
015 E042121 X
015 A002122 BANQUE PARIBAS
015 B002122 S
015 C012122 PARIS
015 D012122 FRANCE
015 E042122 X
015 A002123 CHASE BANK, A.G.
015 B002123 S
015 C012123 FRANKFURT
015 D012123 GERMANY
015 E042123 X
015 A002124 BARCLAYS BANK OF GHANA LTD.
015 B002124 S
015 C012124 ACCRA
015 D012124 GHANA
015 E042124 X
015 A002125 BARCLAYS BANK PLC
015 B002125 S
015 C012125 ATHENS
<PAGE> PAGE 163
015 D012125 GREECE
015 E042125 X
015 A002126 THE CHASE MANHATTAN BANK
015 B002126 S
015 C012126 HONG KONG
015 D012126 HONG KONG
015 E042126 X
015 A002127 CITIBANK BUDAPEST RT.
015 B002127 S
015 C012127 BUDAPEST
015 D012127 HUNGARY
015 E042127 X
015 A002128 KELER LTD. (DEPOSITORY)
015 B002128 S
015 C012128 BUDAPEST
015 D012128 HUNGARY
015 E042128 X
015 A002129 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002129 S
015 C012129 BOMBAY
015 D012129 INDIA
015 E042129 X
015 A002130 DEUTSCHE BANK A.G., BOMBAY
015 B002130 S
015 C012130 BOMBAY
015 D012130 INDIA
015 E042130 X
015 A002131 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002131 S
015 C012131 JAKARTA
015 D012131 INDONESIA
015 E042131 X
015 A002132 BANK OF IRELAND
015 B002132 S
015 C012132 DUBLIN
015 D012132 IRELAND
015 E042132 X
015 A002133 BANK LEUMI LE-ISRAEL B.M.
015 B002133 S
015 C012133 TEL AVIV
015 D012133 ISRAEL
015 E042133 X
015 A002134 BANQUE PARIBUS, MILAN
015 B002134 S
015 C012134 MILAN
015 D012134 ITALY
015 E042134 X
015 A002135 THE FUJI BANK LIMITED
015 B002135 S
015 C012135 TOKYO
015 D012135 JAPAN
<PAGE> PAGE 164
015 E042135 X
015 A002136 THE JAPAN SECURITIES DEPOSITORY CENTER
015 B002136 S
015 C012136 TOKYO
015 D012136 JAPAN
015 E042136 X
015 A002137 ARAB BANK, LTD.
015 B002137 S
015 C012137 AMMAN
015 D012137 JORDAN
015 E042137 X
015 A002138 BARCLAYS BANK OF KENYA LTD.
015 B002138 S
015 C012138 NAIROBI
015 D012138 KENYA
015 E042138 X
015 A002139 CEDEL S.A. (DEPOSITORY)
015 B002139 S
015 C012139 LUXEMBOURG CITY
015 D012139 LUXEMBOURG
015 E042139 X
015 A002140 BANQUE GENERALE DU LUXEMBOURG
015 B002140 S
015 C012140 LUXEMBOURG CITY
015 D012140 LUXEMBOURG
015 E042140 X
015 A002141 THE CHASE MANHATTAN BANK, (M) BERHAD
015 B002141 S
015 C012141 KUALA LUMPUR
015 D012141 MALAYSIA
015 E042141 X
015 A002142 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002142 S
015 C012142 PORT LOUIS
015 D012142 MAURITIUS
015 E042142 X
015 A002143 DELETE
015 A002144 CHASE MANHATTAN BANK MEXICO, S.A.,
015 B002144 S
015 C012144 MEXICO CITY
015 D012144 MEXICO
015 E042144 X
015 A002145 BANQUE COMMERCIALE DU MAROC
015 B002145 S
015 C012145 CASABLANCA
015 D012145 MOROCCO
015 E042145 X
015 A002146 STANBIC BANK NAMIBIA LIMITED
015 B002146 S
015 C012146 WINDHOEK
015 D012146 NAMIBIA
<PAGE> PAGE 165
015 E042146 X
015 A002147 ABN-AMRO BANK N.V.
015 B002147 S
015 C012147 AMSTERDAM
015 D012147 NETHERLANDS
015 E042147 X
015 A002148 NATIONAL NOMINEES LIMITED
015 B002148 S
015 C012148 AUCKLAND
015 D012148 NEW ZEALAND
015 E042148 X
015 A002149 AUSTRACLEAR NEW ZEALAND (DEPOSITORY)
015 B002149 S
015 C012149 WELLINGTON
015 D012149 NEW ZEALAND
015 E042149 X
015 A002150 DEN NORSKE BANK
015 B002150 S
015 C012150 OSLO
015 D012150 NORWAY
015 E042150 X
015 A002151 THE BRITISH BANK OF THE MIDDLE EAST
015 B002151 S
015 C012151 MUSCAT
015 D012151 OMAN
015 E042151 X
015 A002152 CITIBANK, N.A.
015 B002152 S
015 C012152 KARACHI
015 D012152 PAKISTAN
015 E042152 X
015 A002153 DEUTSCHE BANK, A.G., KARACHI
015 B002153 S
015 C012153 KARACHI
015 D012153 PAKISTAN
015 E042153 X
015 A002154 CITIBANK, N.A.
015 B002154 S
015 C012154 LIMA
015 D012154 PERU
015 E042154 X
015 A002155 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002155 S
015 C012155 MANILA
015 D012155 PHILIPPINES
015 E042155 X
015 A002156 BANK HANDLOWY W WARZAWIE, S.A.
015 B002156 S
015 C012156 WARSAW
015 D012156 POLAND
015 E042156 X
<PAGE> PAGE 166
015 A002157 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA,SA
015 B002157 S
015 C012157 LISBON
015 D012157 PORTUGAL
015 E042157 X
015 A002158 THE CHASE MANHATTAN BANK INTERNATIONAL
015 B002158 S
015 C012158 MOSCOW
015 D012158 RUSSIA
015 E042158 X
015 A002159 THE CHASE MANHATTAN BANK
015 B002159 S
015 C012159 SINGAPORE
015 D012159 SINGAPORE
015 E042159 X
015 A002160 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B002160 S
015 C012160 BRATISLAVA
015 D012160 SLOVAKIA
015 E042160 X
015 A002161 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B002161 S
015 C012161 JOHANNESBURG
015 D012161 SOUTH AFRICA
015 E042161 X
015 A002162 THE CENTRAL DEPOSITORY LTD.
015 B002162 S
015 C012162 JOHANNESBURG
015 D012162 SOUTH AFRICA
015 E042162 X
015 A002163 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002163 S
015 C012163 SEOUL
015 D012163 SOUTH KOREA
015 E042163 X
015 A002164 THE CHASE MANHATTAN BANK
015 B002164 S
015 C012164 MADRID
015 D012164 SPAIN
015 E042164 X
015 A002165 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002165 S
015 C012165 COLOMBO
015 D012165 SRI LANKA
015 E042165 X
015 A002166 STANBIC BANK SWAZILAND LTD.
015 B002166 S
015 C012166 MBABANE
015 D012166 SWAZILAND
015 E042166 X
015 A002167 SKANDINAVISKA ENSKILDA BANKEN
<PAGE> PAGE 167
015 B002167 S
015 C012167 STOCKHOLM
015 D012167 SWEDEN
015 E042167 X
015 A002168 UNION BANK OF SWITZERLAND
015 B002168 S
015 C012168 ZURICH
015 D012168 SWITZERLAND
015 E042168 X
015 A002169 THE CHASE MANHATTAN BANK
015 B002169 S
015 C012169 TAIPEI
015 D012169 TAIWAN
015 E042169 X
015 A002170 THE CHASE MANHATTAN BANK
015 B002170 S
015 C012170 BANGKOK
015 D012170 THAILAND
015 E042170 X
015 A002171 THE CHASE MANHATTAN BANK
015 B002171 S
015 C012171 ISTANBUL
015 D012171 TURKEY
015 E042171 X
015 A002172 TAKASBANK (TVS) (DEPOSITORY)
015 B002172 S
015 C012172 ISTANBUL
015 D012172 TURKEY
015 E042172 X
015 A002173 THE CHASE MANHATTAN BANK
015 B002173 S
015 C012173 LONDON
015 D012173 UNITED KINGDOM
015 E042173 X
015 A002174 FIRST CHICAGO NBD CORPORATION
015 B002174 S
015 C012174 LONDON
015 D012174 UNITED KINGDOM
015 E042174 X
015 A002175 THE FIRST NATIONAL BANK OF BOSTON
015 B002175 S
015 C012175 MONTEVIDEO
015 D012175 URUGUAY
015 E042175 X
015 A002176 CITIBANK, N.A.
015 B002176 S
015 C012176 CARACAS
015 D012176 VENEZUELA
015 E042176 X
015 A002177 BARCLAYS BANK OF ZAMBIA LTD.
015 B002177 S
<PAGE> PAGE 168
015 C012177 LUSAKA
015 D012177 ZAMBIA
015 E042177 X
015 A002178 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B002178 S
015 C012178 HARARE
015 D012178 ZIMBABWE
015 E042178 X
015 A002179 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
015 B002179 S
015 C012179 ABIDJAN
015 D012179 IVORY COAST
015 E042179 X
015 A002180 THE BRITISH BANK OF THE MIDDLE EAST
015 B002180 S
015 C012180 BEIRUT
015 D012180 LEBANON
015 E042180 X
015 A002181 CLEARING CENTRE OF FINANCIAL INSTRUMENTS
015 B002181 S
015 C012181 BEIRUT
015 D012181 LEBANON
015 E042181 X
024 002100 Y
025 A002101 MERRILL LYNCH, PIERCE, FENNER & SMITH
025 B002101 13-5674085
025 C002101 E
025 D002101 835
025 A002102 A. G. EDWARDS & SONS
025 B002102 43-0895447
025 C002102 E
025 D002102 94
025 A002103 DELETE
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025 D002105 0
025 D002106 0
025 D002107 0
025 D002108 0
028 A012100 3873
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028 A032100 0
028 A042100 688
028 B012100 4219
028 B022100 0
028 B032100 0
028 B042100 391
028 C012100 5044
028 C022100 0
028 C032100 0
028 C042100 601
<PAGE> PAGE 169
028 D012100 4319
028 D022100 0
028 D032100 0
028 D042100 519
028 E012100 3235
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028 E032100 0
028 E042100 644
028 F012100 3403
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028 G012100 24093
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028 G042100 3445
028 H002100 0
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046 002100 N
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048 D022100 0.000
048 E012100 0
048 E022100 0.000
048 F012100 0
048 F022100 0.000
048 G012100 0
048 G022100 0.000
048 H012100 0
048 H022100 0.000
048 I012100 0
048 I022100 0.000
048 J012100 0
048 J022100 0.000
048 K012100 1300000
048 K022100 0.520
049 002100 N
050 002100 N
051 002100 N
052 002100 N
053 A002100 N
054 A002100 Y
054 B002100 Y
054 C002100 Y
<PAGE> PAGE 170
054 D002100 N
054 E002100 N
054 F002100 N
054 G002100 Y
054 H002100 Y
054 I002100 N
054 J002100 Y
054 K002100 N
054 L002100 Y
054 M002100 Y
054 N002100 N
054 O002100 N
055 A002100 N
055 B002100 N
056 002100 Y
057 002100 N
058 A002100 Y
058 B002100 Y
058 C002100 Y
058 D002100 Y
058 E002100 N
059 002100 Y
060 A002100 Y
060 B002100 Y
061 002100 2000
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062 B002100 0.0
062 C002100 0.0
062 D002100 0.0
062 E002100 0.0
062 F002100 0.0
062 G002100 0.0
062 H002100 0.0
062 I002100 0.0
062 J002100 0.0
062 K002100 0.0
062 L002100 0.0
062 M002100 0.0
062 N002100 0.0
062 O002100 0.0
062 P002100 0.0
062 Q002100 0.0
062 R002100 0.0
063 A002100 0
063 B002100 0.0
066 A002100 Y
066 B002100 N
066 C002100 N
066 D002100 N
066 E002100 Y
066 F002100 N
<PAGE> PAGE 171
066 G002100 N
067 002100 Y
068 A002100 N
068 B002100 Y
069 002100 N
070 A012100 Y
070 A022100 Y
070 B012100 Y
070 B022100 N
070 C012100 Y
070 C022100 N
070 D012100 Y
070 D022100 N
070 E012100 Y
070 E022100 N
070 F012100 Y
070 F022100 N
070 G012100 Y
070 G022100 N
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070 O022100 N
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070 Q012100 N
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<PAGE> PAGE 172
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<PAGE> PAGE 173
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008 A002201 FRANKLIN ADVISERS, INC.
008 B002201 A
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008 D012201 SAN MATEO
008 D022201 CA
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015 A002201 BANK OF NEW YORK
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015 D012204 AUSTRIA
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015 A002205 STANDARD CHARTERED BANK PLC
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015 C012205 DHAKA
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015 A002206 BANQUE BRUXELLES LAMBERT
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<PAGE> PAGE 174
015 A002207 STANBIC BANK BOTSWANA LIMITED
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015 C012207 GABORONE
015 D012207 BOTSWANA
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015 A002208 THE FIRST NATIONAL BANK OF BOSTON
015 B002208 S
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015 D012208 BRAZIL
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015 A002209 THE ROYAL BANK OF CANADA
015 B002209 S
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015 D012209 CANADA
015 E042209 X
015 A002210 THE FIRST NATIONAL BANK OF BOSTON
015 B002210 S
015 C012210 SANTIAGO
015 D012210 CHILE
015 E042210 X
015 A002211 BANCO DE CHILE
015 B002211 S
015 C012211 SANTIAGO
015 D012211 CHILE
015 E042211 X
015 A002212 THE STANDARD CHARTERED BANK, HONG KONG
015 B002212 S
015 C012212 HONG KONG
015 D012212 CHINA
015 E042212 X
015 A002213 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
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015 D012214 CZECH REPUBLIC
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015 A002215 DEN DANSKE BANK
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<PAGE> PAGE 175
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015 D012217 EGYPT
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015 A002218 MERITA BANK LTD.
015 B002218 S
015 C012218 HELSINKI
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015 E042218 X
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015 B002219 S
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015 D012226 INDIA
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<PAGE> PAGE 176
015 C012227 JAKARTA
015 D012227 INDONESIA
015 E042227 X
015 A002228 ALLIED IRISH BANKS, PLC
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015 D012228 IRELAND
015 E042228 X
015 A002229 BANK LEUMI LE-ISRAEL B.M.
015 B002229 S
015 C012229 TEL AVIV
015 D012229 ISRAEL
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015 A002230 BANCA COMMERCIALE ITALIANA
015 B002230 S
015 C012230 MILAN
015 D012230 ITALY
015 E042230 X
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015 E042232 X
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015 C012233 TOKYO
015 D012233 JAPAN
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015 A002234 THE BRITISH BANK OF THE MIDDLE EAST
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015 D012234 JORDAN
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015 A002235 STANBIC BANK OF KENYA LIMITED
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015 D012235 KENYA
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015 D012236 LUXEMBOURG
015 E042236 X
015 A002237 BANQUE INTERNATIONALE A LUXEMBOURG
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<PAGE> PAGE 177
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015 E042237 X
015 A002238 THE HONGKONG BANK MALAYSIA BERHAD
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015 D012238 MALAYSIA
015 E042238 X
015 A002239 BANCO NACIONAL DE MEXICO
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015 D012239 MEXICO
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015 A002240 BANQUE COMMERCIALE DU MAROC
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015 C012240 CASABLANCA
015 D012240 MOROCCO
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015 A002241 STANBIC BANK NAMIBIA LIMITED
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015 C012241 WINDHOEK
015 D012241 NAMIBIA
015 E042241 X
015 A002242 KAS-ASSOCIATIE NV
015 B002242 S
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015 A002247 STANDARD CHARTERED BANK
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<PAGE> PAGE 178
015 E042247 X
015 A002248 CITIBANK, N.A.
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015 A002249 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
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015 D012251 PORTUGAL
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015 D012253 SINGAPORE
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<PAGE> PAGE 179
015 A002258 STANDARD CHARTERED BANK
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015 C012258 COLOMBO
015 D012258 SRI LANKA
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015 A002259 STANBIC BANK SWAZILAND LIMITED
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015 A002260 SKANDINAVISKA ENSKILDA BANKEN
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015 A002263 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
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<PAGE> PAGE 180
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<PAGE> PAGE 181
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<PAGE> PAGE 182
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<PAGE> PAGE 183
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<PAGE> PAGE 184
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<PAGE> PAGE 185
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008 D022301 CA
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015 A002301 BANK OF NEW YORK
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015 A002304 CREDITANSTALT BANKVEREIN
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015 D012304 AUSTRIA
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015 A002305 STANDARD CHARTERED BANK PLC
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015 C012305 DHAKA
015 D012305 BANGLADESH
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015 A002306 BANQUE BRUXELLES LAMBERT
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<PAGE> PAGE 186
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015 E042307 X
015 A002308 THE FIRST NATIONAL BANK OF BOSTON
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015 D012308 BRAZIL
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015 A002311 BANCO DE CHILE
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015 D012311 CHILE
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<PAGE> PAGE 187
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<PAGE> PAGE 188
015 D012327 INDONESIA
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015 B002330 S
015 C012330 MILAN
015 D012330 ITALY
015 E042330 X
015 A002331 BANQUE PARIBAS
015 B002331 S
015 C012331 MILAN
015 D012331 ITALY
015 E042331 X
015 A002332 JASDEC
015 B002332 S
015 C012332 TOKYO
015 D012332 JAPAN
015 E042332 X
015 A002333 BANK OF TOKYO MITSUBISHI
015 B002333 S
015 C012333 TOKYO
015 D012333 JAPAN
015 E042333 X
015 A002334 THE BRITISH BANK OF THE MIDDLE EAST
015 B002334 S
015 C012334 AMMAN
015 D012334 JORDAN
015 E042334 X
015 A002335 STANBIC BANK KENYA LIMITED
015 B002335 S
015 C012335 NAIROBI
015 D012335 KENYA
015 E042335 X
015 A002336 CEDEL
015 B002336 S
015 C012336 LUXEMBOURG CITY
015 D012336 LUXEMBOURG
015 E042336 X
015 A002337 BANQUE INTERNATIONALE A LUXEMBOURG
015 B002337 S
015 C012337 LUXEMBOURG CITY
015 D012337 LUXEMBOURG
<PAGE> PAGE 189
015 E042337 X
015 A002338 THE HONGKONG BANK MALAYSIA BERHAD
015 B002338 S
015 C012338 KUALA LUMPUR
015 D012338 MALAYSIA
015 E042338 X
015 A002339 BANCO NACIONAL DE MEXICO
015 B002339 S
015 C012339 MEXICO CITY
015 D012339 MEXICO
015 E042339 X
015 A002340 BANQUE COMMERCIALE DU MAROC
015 B002340 S
015 C012340 CASABLANCA
015 D012340 MOROCCO
015 E042340 X
015 A002341 STANBIC BANK NAMIBIA LIMITED
015 B002341 S
015 C012341 WINDHOEK
015 D012341 NAMIBIA
015 E042341 X
015 A002342 KAS-ASSOCIATIE NV
015 B002342 S
015 C012342 AMSTERDAM
015 D012342 NETHERLANDS
015 E042342 X
015 A002343 MEESPIERSON NV
015 B002343 S
015 C012343 AMSTERDAM
015 D012343 NETHERLANDS
015 E042343 X
015 A002344 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B002344 S
015 C012344 WELLINGTON
015 D012344 NEW ZEALAND
015 E042344 X
015 A002345 STANBIC MERCHANT BANK NIGERIA LIMITED
015 B002345 S
015 C012345 LAGOS
015 D012345 NIGERIA
015 E042345 X
015 A002346 DEN NORSKE BANK
015 B002346 S
015 C012346 OSLO
015 D012346 NORWAY
015 E042346 X
015 A002347 STANDARD CHARTERED BANK
015 B002347 S
015 C012347 KARACHI
015 D012347 PAKISTAN
015 E042347 X
<PAGE> PAGE 190
015 A002348 CITIBANK, N.A.
015 B002348 S
015 C012348 LIMA
015 D012348 PERU
015 E042348 X
015 A002349 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002349 S
015 C012349 MANILA
015 D012349 PHILIPPINES
015 E042349 X
015 A002350 BANK HANDLOWY W WARZAWIE S.A.
015 B002350 S
015 C012350 WARSAW
015 D012350 POLAND
015 E042350 X
015 A002351 BANCO COMERCIAL PORTUGUES
015 B002351 S
015 C012351 LISBON
015 D012351 PORTUGAL
015 E042351 X
015 A002352 UNITED OVERSEAS BANK LIMITED
015 B002352 S
015 C012352 SINGAPORE
015 D012352 SINGAPORE
015 E042352 X
015 A002353 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B002353 S
015 C012353 SINGAPORE
015 D012353 SINGAPORE
015 E042353 X
015 A002354 CESKOSLOVENSKA OBCHODNI BANKA, AS
015 B002354 S
015 C012354 BRATISLAVA
015 D012354 SLOVAK REPUBLIC
015 E042354 X
015 A002355 STANDARD CORPORATE AND MERCHANT BANK
015 B002355 S
015 C012355 JOHANNESBURG
015 D012355 SOUTH AFRICA
015 E042355 X
015 A002356 SEOULBANK
015 B002356 S
015 C012356 SEOUL
015 D012356 SOUTH KOREA
015 E042356 X
015 A002357 BANCO BILBAO VIZCAYA
015 B002357 S
015 C012357 MADRID
015 D012357 SPAIN
015 E042357 X
015 A002358 STANDARD CHARTERED BANK
<PAGE> PAGE 191
015 B002358 S
015 C012358 COLOMBO
015 D012358 SRI LANKA
015 E042358 X
015 A002359 STANBIC BANK SWAZILAND LTD.
015 B002359 S
015 C012359 MBABANE
015 D012359 SWAZILAND
015 E042359 X
015 A002360 SKANDINAVISKA ENSKILDA BANKEN
015 B002360 S
015 C012360 STOCKHOLM
015 D012360 SWEDEN
015 E042360 X
015 A002361 UNION BANK OF SWITZERLAND
015 B002361 S
015 C012361 ZURICH
015 D012361 SWITZERLAND
015 E042361 X
015 A002362 BANK LEU LTD.
015 B002362 S
015 C012362 ZURICH
015 D012362 SWITZERLAND
015 E042362 X
015 A002363 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002363 S
015 C012363 TAIPEI
015 D012363 TAIWAN
015 E042363 X
015 A002364 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LTD.
015 B002364 S
015 C012364 BANGKOK
015 D012364 THAILAND
015 E042364 X
015 A002365 BANGKOK BANK PUBLIC COMPANY LTD.
015 B002365 S
015 C012365 BANGKOK
015 D012365 THAILAND
015 E042365 X
015 A002366 CITIBANK, N.A.
015 B002366 S
015 C012366 ISTANBUL
015 D012366 TURKEY
015 E042366 X
015 A002367 THE BANK OF NEW YORK
015 B002367 S
015 C012367 LONDON
015 D012367 UNITED KINGDOM
015 E042367 X
015 A002368 FIRST CHICAGO CLEARING CENTRE
015 B002368 S
<PAGE> PAGE 192
015 C012368 LONDON
015 D012368 UNITED KINGDOM
015 E042368 X
015 A002369 THE FIRST NATIONAL BANK OF BOSTON
015 B002369 S
015 C012369 MONTEVIDEO
015 D012369 URUGUAY
015 E042369 X
015 A002370 CITIBANK, N.A.
015 B002370 S
015 C012370 CARACAS
015 D012370 VENEZUELA
015 E042370 X
015 A002371 STANBIC BANK ZAMBIA LIMITED
015 B002371 S
015 C012371 LUSAKA
015 D012371 ZAMBIA
015 E042371 X
015 A002372 STANBIC BANK ZIMBABWE LIMITED
015 B002372 S
015 C012372 HARARE
015 D012372 ZIMBABWE
015 E042372 X
015 A002373 THE PHILIPPINE CENTRAL DEPOSITORY, INC.
015 B002373 S
015 C012373 MAKATI CITY
015 D012373 PHILIPPINES
015 E042373 X
024 002300 N
025 D002301 0
025 D002302 0
025 D002303 0
025 D002304 0
025 D002305 0
025 D002306 0
025 D002307 0
025 D002308 0
028 A012300 5952
028 A022300 0
028 A032300 0
028 A042300 1607
028 B012300 5178
028 B022300 0
028 B032300 0
028 B042300 3372
028 C012300 5241
028 C022300 0
028 C032300 0
028 C042300 4447
028 D012300 8698
028 D022300 0
<PAGE> PAGE 193
028 D032300 0
028 D042300 2760
028 E012300 10756
028 E022300 0
028 E032300 0
028 E042300 1870
028 F012300 5049
028 F022300 110
028 F032300 0
028 F042300 3103
028 G012300 40874
028 G022300 110
028 G032300 0
028 G042300 17159
028 H002300 0
045 002300 Y
046 002300 N
047 002300 Y
048 002300 0.000
048 A012300 500000
048 A022300 0.750
048 B012300 500000
048 B022300 0.625
048 C012300 0
048 C022300 0.000
048 D012300 0
048 D022300 0.000
048 E012300 0
048 E022300 0.000
048 F012300 0
048 F022300 0.000
048 G012300 0
048 G022300 0.000
048 H012300 0
048 H022300 0.000
048 I012300 0
048 I022300 0.000
048 J012300 0
048 J022300 0.000
048 K012300 1000000
048 K022300 0.500
049 002300 N
050 002300 N
051 002300 N
052 002300 N
053 A002300 N
054 A002300 Y
054 B002300 Y
054 C002300 Y
054 D002300 N
054 E002300 N
<PAGE> PAGE 194
054 F002300 N
054 G002300 Y
054 H002300 Y
054 I002300 N
054 J002300 Y
054 K002300 N
054 L002300 Y
054 M002300 Y
054 N002300 N
054 O002300 N
055 A002300 N
055 B002300 N
056 002300 N
057 002300 N
058 A002300 Y
058 B002300 Y
058 C002300 Y
058 D002300 Y
058 E002300 N
059 002300 Y
060 A002300 Y
060 B002300 Y
061 002300 2000
062 A002300 N
062 B002300 0.0
062 C002300 0.0
062 D002300 0.0
062 E002300 0.0
062 F002300 0.0
062 G002300 0.0
062 H002300 0.0
062 I002300 0.0
062 J002300 0.0
062 K002300 0.0
062 L002300 0.0
062 M002300 0.0
062 N002300 0.0
062 O002300 0.0
062 P002300 0.0
062 Q002300 0.0
062 R002300 0.0
063 A002300 0
063 B002300 0.0
066 A002300 Y
066 B002300 N
066 C002300 N
066 D002300 Y
066 E002300 N
066 F002300 N
066 G002300 N
067 002300 N
<PAGE> PAGE 195
068 A002300 N
068 B002300 N
069 002300 N
070 A012300 Y
070 A022300 Y
070 B012300 Y
070 B022300 N
070 C012300 Y
070 C022300 N
070 D012300 Y
070 D022300 N
070 E012300 Y
070 E022300 N
070 F012300 Y
070 F022300 N
070 G012300 Y
070 G022300 N
070 H012300 Y
070 H022300 N
070 I012300 N
070 I022300 N
070 J012300 Y
070 J022300 N
070 K012300 Y
070 K022300 N
070 L012300 Y
070 L022300 Y
070 M012300 Y
070 M022300 Y
070 N012300 Y
070 N022300 N
070 O012300 N
070 O022300 N
070 P012300 Y
070 P022300 N
070 Q012300 N
070 Q022300 N
070 R012300 N
070 R022300 N
071 A002300 22071
071 B002300 3830
071 C002300 48302
071 D002300 8
072 A002300 6
072 B002300 234
072 C002300 183
072 D002300 0
072 E002300 0
072 F002300 211
072 G002300 0
072 H002300 0
<PAGE> PAGE 196
072 I002300 0
072 J002300 0
072 K002300 1
072 L002300 0
072 M002300 0
072 N002300 0
072 O002300 0
072 P002300 0
072 Q002300 0
072 R002300 2
072 S002300 0
072 T002300 0
072 U002300 0
072 V002300 0
072 W002300 1
072 X002300 215
072 Y002300 0
072 Z002300 202
072AA002300 391
072BB002300 971
072CC012300 6416
072CC022300 0
072DD012300 110
072DD022300 0
072EE002300 0
073 A012300 0.0187
073 A022300 0.0000
073 B002300 0.0000
073 C002300 0.0000
074 A002300 619
074 B002300 12051
074 C002300 0
074 D002300 0
074 E002300 0
074 F002300 61850
074 G002300 0
074 H002300 0
074 I002300 0
074 J002300 0
074 K002300 0
074 L002300 33
074 M002300 0
074 N002300 74553
074 O002300 87
074 P002300 45
074 Q002300 0
074 R012300 0
074 R022300 0
074 R032300 0
074 R042300 1
074 S002300 0
<PAGE> PAGE 197
074 T002300 74420
074 U012300 5972
074 U022300 0
074 V012300 12.46
074 V022300 0.00
074 W002300 0.0000
074 X002300 3
074 Y002300 0
075 A002300 0
075 B002300 56793
076 002300 0.00
008 A002401 TEMPLETON INVESTMENT COUNSEL, INC.
008 B002401 A
008 C002401 801-15125
008 D012401 FT. LAUDERDALE
008 D022401 FL
008 D032401 33394
008 D042401 3091
015 A002401 THE CHASE MANHATTAN BANK, N.A.
015 B002401 C
015 C012401 NEW YORK
015 C022401 NY
015 C032401 10081
015 E012401 X
015 A002402 THE CHASE MANHATTAN BANK
015 B002402 S
015 C012402 BUENOS AIRES
015 D012402 ARGENTINA
015 E042402 X
015 A002403 THE CHASE MANHATTAN BANK
015 B002403 S
015 C012403 SYDNEY
015 D012403 AUSTRALIA
015 E042403 X
015 A002404 CREDITANSTALT-BANKVEREIN
015 B002404 S
015 C012404 VIENNA
015 D012404 AUSTRIA
015 E042404 X
015 A002405 THE BRITISH BANK OF THE MIDDLE EAST
015 B002405 S
015 C012405 MANAMA
015 D012405 BAHRAIN
015 E042405 X
015 A002406 STANDARD CHARTERED BANK PLC
015 B002406 S
015 C012406 DHAKA
015 D012406 BANGLADESH
015 E042406 X
015 A002407 GENERALE BANK
015 B002407 S
<PAGE> PAGE 198
015 C012407 BRUSSELS
015 D012407 BELGIUM
015 E042407 X
015 A002408 BARCLAYS BANK OF BOTSWANA LIMITED
015 B002408 S
015 C012408 GABORONE
015 D012408 BOTSWANA
015 E042408 X
015 A002409 BANCO CHASE MANHATTAN, S.A.
015 B002409 S
015 C012409 SAO PAULO
015 D012409 BRAZIL
015 E042409 X
015 A002410 ROYAL BANK OF CANADA
015 B002410 S
015 C012410 TORONTO
015 D012410 CANADA
015 E042410 X
015 A002411 CANADA TRUSTCO MORTGAGE COMPANY
015 B002411 S
015 C012411 TORONTO
015 D012411 CANADA
015 E042411 X
015 A002412 THE CHASE MANHATTAN BANK
015 B002412 S
015 C012412 SANTIAGO
015 D012412 CHILE
015 E042412 X
015 A002413 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002413 S
015 C012413 SHENZHEN
015 D012413 CHINA
015 E042413 X
015 A002414 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002414 S
015 C012414 SHANGHAI
015 D012414 CHINA
015 E042414 X
015 A002415 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B002415 S
015 C012415 SANTAFE DE BOGOTA
015 D012415 COLOMBIA
015 E042415 X
015 A002416 BARCLAYS BANK PLC
015 B002416 S
015 C012416 CYPRUS
015 D012416 CYPRUS
015 E042416 X
015 A002417 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B002417 S
015 C012417 PRAGUE
<PAGE> PAGE 199
015 D012417 CZECH REPUBLIC
015 E042417 X
015 A002418 DEN DANSKE BANK
015 B002418 S
015 C012418 COPENHAGEN
015 D012418 DENMARK
015 E042418 X
015 A002419 CITIBANK, N.A.
015 B002419 S
015 C012419 QUITO
015 D012419 ECUADOR
015 E042419 X
015 A002420 NATIONAL BANK OF EGYPT
015 B002420 S
015 C012420 CAIRO
015 D012420 EGYPT
015 E042420 X
015 A002421 MERITA BANK LTD.
015 B002421 S
015 C012421 HELSINKI
015 D012421 FINLAND
015 E042421 X
015 A002422 BANQUE PARIBAS
015 B002422 S
015 C012422 PARIS
015 D012422 FRANCE
015 E042422 X
015 A002423 CHASE BANK, A.G.
015 B002423 S
015 C012423 FRANKFURT
015 D012423 GERMANY
015 E042423 X
015 A002424 BARCLAYS BANK OF GHANA LTD.
015 B002424 S
015 C012424 ACCRA
015 D012424 GHANA
015 E042424 X
015 A002425 BARCLAYS BANK PLC
015 B002425 S
015 C012425 ATHENS
015 D012425 GREECE
015 E042425 X
015 A002426 THE CHASE MANHATTAN BANK
015 B002426 S
015 C012426 HONG KONG
015 D012426 HONG KONG
015 E042426 X
015 A002427 CITIBANK BUDAPEST RT.
015 B002427 S
015 C012427 BUDAPEST
015 D012427 HUNGARY
<PAGE> PAGE 200
015 E042427 X
015 A002428 KELER LTD. (DEPOSITORY)
015 B002428 S
015 C012428 BUDAPEST
015 D012428 HUNGARY
015 E042428 X
015 A002429 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002429 S
015 C012429 BOMBAY
015 D012429 INDIA
015 E042429 X
015 A002430 DEUTSCHE BANK, A.G., BOMBAY
015 B002430 S
015 C012430 BOMBAY
015 D012430 INDIA
015 E042430 X
015 A002431 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002431 S
015 C012431 JAKARTA
015 D012431 INDONESIA
015 E042431 X
015 A002432 BANK OF IRELAND
015 B002432 S
015 C012432 DUBLIN
015 D012432 IRELAND
015 E042432 X
015 A002433 BANK LEUMI LE-ISRAEL B.M.
015 B002433 S
015 C012433 TEL AVIV
015 D012433 ISRAEL
015 E042433 X
015 A002434 BANQUE PARIBAS, MILAN
015 B002434 S
015 C012434 MILAN
015 D012434 ITALY
015 E042434 X
015 A002435 THE FUJI BANK LIMITED
015 B002435 S
015 C012435 TOKYO
015 D012435 JAPAN
015 E042435 X
015 A002436 THE JAPAN SECURITIES DEPOSITORY CENTER
015 B002436 S
015 C012436 TOKYO
015 D012436 JAPAN
015 E042436 X
015 A002437 ARAB BANK LIMITED
015 B002437 S
015 C012437 AMMAN
015 D012437 JORDAN
015 E042437 X
<PAGE> PAGE 201
015 A002438 BARCLAYS BANK OF KENYA LTD.
015 B002438 S
015 C012438 NAIROBI
015 D012438 KENYA
015 E042438 X
015 A002439 CEDEL S.A. (DEPOSITORY)
015 B002439 S
015 C012439 LUXEMBOURG CITY
015 D012439 LUXEMBOURG
015 E042439 X
015 A002440 BANQUE GENERALE DU LUXEMBOURG
015 B002440 S
015 C012440 LUXEMBOURG CITY
015 D012440 LUXEMBOURG
015 E042440 X
015 A002441 THE CHASE MANHATTAN BANK, (M) BERHAD
015 B002441 S
015 C012441 KUALA LUMPUR
015 D012441 MALAYSIA
015 E042441 X
015 A002442 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002442 S
015 C012442 PORT LOUIS
015 D012442 MAURITIUS
015 E042442 X
015 A002443 DELETE
015 A002444 CHASE MANHATTAN BANK MEXICO, S.A,
015 B002444 S
015 C012444 MEXICO CITY
015 D012444 MEXICO
015 E042444 X
015 A002445 BANQUE COMMERCIALE DU MAROC
015 B002445 S
015 C012445 CASABLANCA
015 D012445 MOROCCO
015 E042445 X
015 A002446 STANBIC BANK NAMIBIA LIMITED
015 B002446 S
015 C012446 WINDHOEK
015 D012446 NAMIBIA
015 E042446 X
015 A002447 ABN-AMRO BANK N.V.
015 B002447 S
015 C012447 AMSTERDAM
015 D012447 NETHERLANDS
015 E042447 X
015 A002448 NATIONAL NOMINEES LIMITED
015 B002448 S
015 C012448 AUCKLAND
015 D012448 NEW ZEALAND
015 E042448 X
<PAGE> PAGE 202
015 A002449 AUSTRACLEAR NEW ZEALAND (DEPOSITORY)
015 B002449 S
015 C012449 WELLINGTON
015 D012449 NEW ZEALAND
015 E042449 X
015 A002450 DEN NORSKE BANK
015 B002450 S
015 C012450 OSLO
015 D012450 NORWAY
015 E042450 X
015 A002451 THE BRITISH BANK OF THE MIDDLE EAST
015 B002451 S
015 C012451 MUSCAT
015 D012451 OMAN
015 E042451 X
015 A002452 CITIBANK, N.A.
015 B002452 S
015 C012452 KARACHI
015 D012452 PAKISTAN
015 E042452 X
015 A002453 DEUTSCHE BANK, A.G., KARACHI
015 B002453 S
015 C012453 KARACHI
015 D012453 PAKISTAN
015 E042453 X
015 A002454 CITIBANK, N.A.
015 B002454 S
015 C012454 LIMA
015 D012454 PERU
015 E042454 X
015 A002455 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002455 S
015 C012455 MANILA
015 D012455 PHILIPPINES
015 E042455 X
015 A002456 BANK HANDLOWY W WARZAWIE, S.A.
015 B002456 S
015 C012456 WARSAW
015 D012456 POLAND
015 E042456 X
015 A002457 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA,SA
015 B002457 S
015 C012457 LISBON
015 D012457 PORTUGAL
015 E042457 X
015 A002458 THE CHASE MANHATTAN BANK INTERNATIONAL
015 B002458 S
015 C012458 MOSCOW
015 D012458 RUSSIA
015 E042458 X
015 A002459 THE CHASE MANHATTAN BANK
<PAGE> PAGE 203
015 B002459 S
015 C012459 SINGAPORE
015 D012459 SINGAPORE
015 E042459 X
015 A002460 CESKOSLOVENSKA OCHODNI BANKA, A.S.
015 B002460 S
015 C012460 BRATISLAVA
015 D012460 SLOVAKIA
015 E042460 X
015 A002461 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B002461 S
015 C012461 JOHANNESBURG
015 D012461 SOUTH AFRICA
015 E042461 X
015 A002462 THE CENTRAL DEPOSITORY LTD.
015 B002462 S
015 C012462 JOHANNESBURG
015 D012462 SOUTH AFRICA
015 E042462 X
015 A002463 THE HONGKONG AND SHANGHAI BANKING CORP LTD.
015 B002463 S
015 C012463 SEOUL
015 D012463 SOUTH KOREA
015 E042463 X
015 A002464 THE CHASE MANHATTAN BANK
015 B002464 S
015 C012464 MADRID
015 D012464 SPAIN
015 E042464 X
015 A002465 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002465 S
015 C012465 COLOMBO
015 D012465 SRI LANKA
015 E042465 X
015 A002466 STANBIC BANK SWAZILAND LTD.
015 B002466 S
015 C012466 MBABANE
015 D012466 SWAZILAND
015 E042466 X
015 A002467 SKANDINAVISKA ENSKILDA BANKEN
015 B002467 S
015 C012467 STOCKHOLM
015 D012467 SWEDEN
015 E042467 X
015 A002468 UNION BANK OF SWITZERLAND
015 B002468 S
015 C012468 ZURICH
015 D012468 SWITZERLAND
015 E042468 X
015 A002469 THE CHASE MANHATTAN BANK
015 B002469 S
<PAGE> PAGE 204
015 C012469 TAIPEI
015 D012469 TAIWAN
015 E042469 X
015 A002470 THE CHASE MANHATTAN BANK
015 B002470 S
015 C012470 BANGKOK
015 D012470 THAILAND
015 E042470 X
015 A002471 THE CHASE MANHATTAN BANK
015 B002471 S
015 C012471 ISTANBUL
015 D012471 TURKEY
015 E042471 X
015 A002472 TAKASBANK (TVS) (DEPOSITORY)
015 B002472 S
015 C012472 ISTANBUL
015 D012472 TURKEY
015 E042472 X
015 A002473 THE CHASE MANHATTAN BANK
015 B002473 S
015 C012473 LONDON
015 D012473 UNITED KINGDOM
015 E042473 X
015 A002474 FIRST CHICAGO NBD CORPORATION
015 B002474 S
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015 A002475 THE FIRST NATIONAL BANK OF BOSTON
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015 C012475 MONTEVIDEO
015 D012475 URUGUAY
015 E042475 X
015 A002476 CITIBANK, N.A.
015 B002476 S
015 C012476 CARACAS
015 D012476 VENEZUELA
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015 C012477 LUSAKA
015 D012477 ZAMBIA
015 E042477 X
015 A002478 BARCLAYS BANK PLC
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015 C012478 HARARE
015 D012478 ZIMBABWE
015 E042478 X
015 A002479 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
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015 C012479 ABIDJAN
<PAGE> PAGE 205
015 D012479 IVORY COAST
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015 A002480 THE BRITISH BANK OF THE MIDDLE EAST
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015 C012480 BEIRUT
015 D012480 LEBANON
015 E042480 X
015 A002481 CLEARING CENTRE OF FINANCIAL INSTURMENTS
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015 C012481 BEIRUT
015 D012481 LEBANON
015 E042481 X
024 002400 N
025 D002401 0
025 D002402 0
025 D002403 0
025 D002404 0
025 D002405 0
025 D002406 0
025 D002407 0
025 D002408 0
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028 A022400 0
028 A032400 0
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028 B012400 2834
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028 B032400 0
028 B042400 513
028 C012400 1932
028 C022400 0
028 C032400 0
028 C042400 520
028 D012400 2876
028 D022400 0
028 D032400 0
028 D042400 891
028 E012400 2689
028 E022400 0
028 E032400 0
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028 F022400 156
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028 F042400 649
028 G012400 15439
028 G022400 156
028 G032400 0
028 G042400 3664
028 H002400 0
045 002400 Y
<PAGE> PAGE 206
046 002400 N
047 002400 Y
048 002400 0.000
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048 A022400 0.850
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048 B022400 0.765
048 C012400 0
048 C022400 0.000
048 D012400 0
048 D022400 0.000
048 E012400 0
048 E022400 0.000
048 F012400 0
048 F022400 0.000
048 G012400 0
048 G022400 0.000
048 H012400 0
048 H022400 0.000
048 I012400 0
048 I022400 0.000
048 J012400 0
048 J022400 0.000
048 K012400 1300000
048 K022400 0.680
049 002400 N
050 002400 N
051 002400 N
052 002400 N
053 A002400 N
054 A002400 Y
054 B002400 Y
054 C002400 Y
054 D002400 N
054 E002400 N
054 F002400 N
054 G002400 Y
054 H002400 Y
054 I002400 N
054 J002400 Y
054 K002400 N
054 L002400 Y
054 M002400 Y
054 N002400 N
054 O002400 N
055 A002400 N
055 B002400 N
056 002400 Y
057 002400 N
058 A002400 Y
058 B002400 Y
<PAGE> PAGE 207
058 C002400 Y
058 D002400 Y
058 E002400 N
059 002400 Y
060 A002400 Y
060 B002400 Y
061 002400 2000
062 A002400 N
062 B002400 0.0
062 C002400 0.0
062 D002400 0.0
062 E002400 0.0
062 F002400 0.0
062 G002400 0.0
062 H002400 0.0
062 I002400 0.0
062 J002400 0.0
062 K002400 0.0
062 L002400 0.0
062 M002400 0.0
062 N002400 0.0
062 O002400 0.0
062 P002400 0.0
062 Q002400 0.0
062 R002400 0.0
063 A002400 0
063 B002400 0.0
066 A002400 Y
066 B002400 N
066 C002400 N
066 D002400 Y
066 E002400 N
066 F002400 N
066 G002400 N
067 002400 N
068 A002400 N
068 B002400 Y
069 002400 N
070 A012400 Y
070 A022400 Y
070 B012400 Y
070 B022400 N
070 C012400 Y
070 C022400 N
070 D012400 Y
070 D022400 N
070 E012400 Y
070 E022400 N
070 F012400 Y
070 F022400 N
070 G012400 Y
<PAGE> PAGE 208
070 G022400 N
070 H012400 Y
070 H022400 N
070 I012400 N
070 I022400 N
070 J012400 Y
070 J022400 Y
070 K012400 Y
070 K022400 N
070 L012400 Y
070 L022400 Y
070 M012400 Y
070 M022400 Y
070 N012400 Y
070 N022400 N
070 O012400 Y
070 O022400 N
070 P012400 Y
070 P022400 N
070 Q012400 N
070 Q022400 N
070 R012400 N
070 R022400 N
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071 B002400 1289
071 C002400 14352
071 D002400 9
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072 G002400 0
072 H002400 0
072 I002400 0
072 J002400 4
072 K002400 1
072 L002400 1
072 M002400 1
072 N002400 1
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072 P002400 0
072 Q002400 0
072 R002400 0
072 S002400 1
072 T002400 0
072 U002400 0
072 V002400 0
072 W002400 0
072 X002400 121
<PAGE> PAGE 209
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074 O002400 1573
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008 A002501 FRANKLIN MUTUAL ADVISERS, INC.
008 B002501 A
008 C002501 801-53068
008 D012501 SHORT HILLS
008 D022501 NJ
<PAGE> PAGE 210
008 D032501 07078
015 A002501 STATE STREET BANK
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015 C022501 MA
015 C032501 02105
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015 A002502 CITIBANK, N.A., ARGENTINA
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015 C012502 BUENOS AIRES
015 D012502 ARGENTINA
015 E042502 X
015 A002503 WESTPAC BANKING CORPORATION
015 B002503 S
015 C012503 SYDNEY
015 D012503 AUSTRALIA
015 E042503 X
015 A002504 GIROCREDIT BANK AKTIENGESELLSCHAFT DER SPARK.
015 B002504 S
015 C012504 VIENNA
015 D012504 AUSTRIA
015 E042504 X
015 A002505 STANDARD CHARTERED BANK
015 B002505 S
015 C012505 DHAKA
015 D012505 BANGLADESH
015 E042505 X
015 A002506 GENERALE BANK
015 B002506 S
015 C012506 BRUSSELS
015 D012506 BELGIUM
015 E042506 X
015 A002507 BARCLAYS BANK OF BOTSWANA LIMITED
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015 E042507 X
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015 B002508 S
015 C012508 SAO PAULO
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015 E042508 X
015 A002509 CANADA TRUSTCO MORTGAGE COMPANY
015 B002509 S
015 C012509 TORONTO
015 D012509 CANADA
015 E042509 X
015 A002510 CITIBANK, N.A.
015 B002510 S
015 C012510 SANTIAGO
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<PAGE> PAGE 211
015 E042510 X
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015 B002511 S
015 C012511 SHENZHEN
015 D012511 CHINA
015 E042511 X
015 A002512 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002512 S
015 C012512 SHANGHAI
015 D012512 CHINA
015 E042512 X
015 A002513 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
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015 C012513 BOGOTA
015 D012513 COLOMBIA
015 E042513 X
015 A002514 BARCLAYS BANK PLC CYPRUS OFFSHORE BANKING UN.
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015 C012514 NICOSIA
015 D012514 CYPRUS
015 E042514 X
015 A002515 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B002515 S
015 C012515 PRAGUE
015 D012515 CZECH REPUBLIC
015 E042515 X
015 A002516 DEN DANSKE BANK
015 B002516 S
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015 E042516 X
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015 E042517 X
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015 B002518 S
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015 E042518 X
015 A002519 MERITA BANK LIMITED
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015 D012519 FINLAND
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015 C012520 PARIS
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<PAGE> PAGE 212
015 A002521 DRESDNER BANK AG
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015 C012521 FRANKFURT
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015 E042521 X
015 A002522 BARCLAYS BANK OF GHANA LIMITED
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015 E042522 X
015 A002523 NATIONAL BANK OF GREECE S.A.
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015 E042523 X
015 A002524 STANDARD CHARTERED BANK
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015 E042525 X
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015 E042526 X
015 A002527 DEUTSCHE BANK AG
015 B002527 S
015 C012527 BOMBAY
015 D012527 INDIA
015 E042527 X
015 A002528 STANDARD CHARTERED BANK
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015 C012528 JAKARTA
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015 E042528 X
015 A002529 BANK OF IRELAND
015 B002529 S
015 C012529 DUBLIN
015 D012529 IRELAND
015 E042529 X
015 A002530 BANK HAPOALIM B.M.
015 B002530 S
015 C012530 TEL AVIV
015 D012530 ISRAEL
015 E042530 X
015 A002531 BANQUE PARIBAS
<PAGE> PAGE 213
015 B002531 S
015 C012531 MILAN
015 D012531 ITALY
015 E042531 X
015 A002532 MORGAN GUARANTY TRUST COMPANY
015 B002532 S
015 C012532 MILAN
015 D012532 ITALY
015 E042532 X
015 A002533 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
015 B002533 S
015 C012533 ABIDJAN
015 D012533 IVORY COAST
015 E042533 X
015 A002534 THE FUJI BANK, LIMITED
015 B002534 S
015 C012534 TOKYO
015 D012534 JAPAN
015 E042534 X
015 A002535 THE DAIWA BANK, LIMITED
015 B002535 S
015 C012535 TOKYO
015 D012535 JAPAN
015 E042535 X
015 A002536 THE SUMITOMO TRUST AND BANKING CO. LTD.
015 B002536 S
015 C012536 TOKYO
015 D012536 JAPAN
015 E042536 X
015 A002537 THE BRITISH BANK OF THE MIDDLE EAST
015 B002537 S
015 C012537 ANMAN
015 D012537 JORDAN
015 E042537 X
015 A002538 BARCLAYS BANK OF KENYA, LIMITED
015 B002538 S
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015 D012538 KENYA
015 E042538 X
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015 D012540 MALAYSIA
015 E042540 X
015 A002541 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
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<PAGE> PAGE 214
015 C012541 PORT LOUIS
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015 A002542 CITIBANK MEXICO, S.A.
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<PAGE> PAGE 215
015 D012551 PORTUGAL
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<PAGE> PAGE 216
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<PAGE> PAGE 217
015 A002572 CENTRAL DEPOSITORY & SETTLEMENT CO. LTD.
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<PAGE> PAGE 218
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048 H022500 0.000
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050 002500 N
051 002500 N
052 002500 N
053 A002500 N
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054 C002500 Y
054 D002500 N
054 E002500 N
054 F002500 N
054 G002500 Y
054 H002500 Y
054 I002500 N
054 J002500 Y
054 K002500 N
054 L002500 Y
054 M002500 Y
054 N002500 N
054 O002500 N
055 A002500 N
055 B002500 N
056 002500 Y
057 002500 N
058 A002500 Y
058 B002500 Y
058 C002500 Y
058 D002500 Y
<PAGE> PAGE 219
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059 002500 Y
060 A002500 Y
060 B002500 Y
061 002500 2000
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062 O002500 0.0
062 P002500 0.0
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063 B002500 0.0
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066 B002500 N
066 C002500 N
066 D002500 Y
066 E002500 N
066 F002500 N
066 G002500 N
067 002500 N
068 A002500 N
068 B002500 N
069 002500 N
070 A012500 Y
070 A022500 Y
070 B012500 Y
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070 C012500 Y
070 C022500 N
070 D012500 Y
070 D022500 N
070 E012500 Y
070 E022500 N
070 F012500 Y
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070 G012500 Y
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<PAGE> PAGE 220
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070 I012500 N
070 I022500 N
070 J012500 Y
070 J022500 Y
070 K012500 Y
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070 L012500 Y
070 L022500 Y
070 M012500 Y
070 M022500 Y
070 N012500 Y
070 N022500 N
070 O012500 Y
070 O022500 N
070 P012500 Y
070 P022500 N
070 Q012500 Y
070 Q022500 N
070 R012500 Y
070 R022500 N
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<PAGE> PAGE 221
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<PAGE> PAGE 222
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054 E002600 N
054 F002600 N
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054 H002600 Y
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054 J002600 Y
054 K002600 N
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054 M002600 Y
054 N002600 N
054 O002600 N
015 A002601 STATE STREET BANK
015 B002601 C
015 C012601 BOSTON
015 C022601 MA
015 C032601 02105
015 E012601 X
015 A002602 CITIBANK, N.A., ARGENTINA
015 B002602 S
015 C012602 BUENOS AIRES
015 D012602 ARGENTINA
015 E042602 X
015 A002603 WESTPAC BANKING CORPORATION
015 B002603 S
015 C012603 SYDNEY
015 D012603 AUSTRALIA
015 E042603 X
015 A002604 GIROCREDIT BANK AKTIENGESELLSCHAFT DER SPARK.
015 B002604 S
015 C012604 VIENNA
015 D012604 AUSTRIA
015 E042604 X
015 A002605 STANDARD CHARTERED BANK
015 B002605 S
015 C012605 DHAKA
015 D012605 BANGLADESH
015 E042605 X
015 A002606 GENERALE BANK
015 B002606 S
015 C012606 BRUSSELS
015 D012606 BELGIUM
015 E042606 X
015 A002607 BARCLAYS BANK OF BOTSWANA LIMITED
015 B002607 S
015 C012607 GABORONE
015 D012607 BOTSWANA
015 E042607 X
015 A002608 CITIBANK, N.A., BRAZIL
<PAGE> PAGE 223
015 B002608 S
015 C012608 SAO PAULO
015 D012608 BRAZIL
015 E042608 X
015 A002609 CANADA TRUSTCO MORTGAGE COMPANY
015 B002609 S
015 C012609 TORONTO
015 D012609 CANADA
015 E042609 X
015 A002610 CITIBANK, N.A.
015 B002610 S
015 C012610 SANTIAGO
015 D012610 CHILE
015 E042610 X
015 A002611 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002611 S
015 C012611 SHENZHEN
015 D012611 CHINA
015 E042611 X
015 A002612 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002612 S
015 C012612 SHANGHAI
015 D012612 CHINA
015 E042612 X
015 A002613 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B002613 S
015 C012613 BOGOTA
015 D012613 COLOMBIA
015 E042613 X
015 A002614 BARCLAYS BANK PLC CYPRUS OFFSHORE BANKING UN.
015 B002614 S
015 C012614 NICOSIA
015 D012614 CYPRUS
015 E042614 X
015 A002615 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B002615 S
015 C012615 PRAGUE
015 D012615 CZECH REPUBLIC
015 E042615 X
015 A002616 DEN DANSKE BANK
015 B002616 S
015 C012616 COPENHAGEN
015 D012616 DENMARK
015 E042616 X
015 A002617 CITIBANK, N.A., ECUADOR
015 B002617 S
015 C012617 QUITO
015 D012617 ECUADOR
015 E042617 X
015 A002618 NATIONAL BANK OF EGYPT
015 B002618 S
<PAGE> PAGE 224
015 C012618 CAIRO
015 D012618 EGYPT
015 E042618 X
015 A002619 MERITA BANK LIMITED
015 B002619 S
015 C012619 HELSINKI
015 D012619 FINLAND
015 E042619 X
015 A002620 BANQUE PARIBAS
015 B002620 S
015 C012620 PARIS
015 D012620 FRANCE
015 E042620 X
015 A002621 DRESDNER BANK AG
015 B002621 S
015 C012621 FRANKFURT
015 D012621 GERMANY
015 E042621 X
015 A002622 BARCLAYS BANK OF GHANA LIMITED
015 B002622 S
015 C012622 ACCRA
015 D012622 GHANA
015 E042622 X
015 A002623 NATIONAL BANK OF GREECE S.A.
015 B002623 S
015 C012623 ATHENS
015 D012623 GREECE
015 E042623 X
015 A002624 STANDARD CHARTERED BANK
015 B002624 S
015 C012624 HONG KONG
015 D012624 HONG KONG
015 E042624 X
015 A002625 CITIBANK BUDAPEST RT.
015 B002625 S
015 C012625 BUDAPEST
015 D012625 HUNGARY
015 E042625 X
015 A002626 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002626 S
015 C012626 BOMBAY
015 D012626 INDIA
015 E042626 X
015 A002627 DEUTSCHE BANK AG
015 B002627 S
015 C012627 BOMBAY
015 D012627 INDIA
015 E042627 X
015 A002628 STANDARD CHARTERED BANK
015 B002628 S
015 C012628 JAKARTA
<PAGE> PAGE 225
015 D012628 INDONESIA
015 E042628 X
015 A002629 BANK OF IRELAND
015 B002629 S
015 C012629 DUBLIN
015 D012629 IRELAND
015 E042629 X
015 A002630 BANK HAPOALIM B.M.
015 B002630 S
015 C012630 TEL AVIV
015 D012630 ISRAEL
015 E042630 X
015 A002631 BANQUE PARIBAS
015 B002631 S
015 C012631 MILAN
015 D012631 ITALY
015 E042631 X
015 A002632 MORGAN GUARANTY TRUST COMPANY
015 B002632 S
015 C012632 MILAN
015 D012632 ITALY
015 E042632 X
015 A002633 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
015 B002633 S
015 C012633 ABIDJAN
015 D012633 IVORY COAST
015 E042633 X
015 A002634 THE FUJI BANK, LIMITED
015 B002634 S
015 C012634 TOKYO
015 D012634 JAPAN
015 E042634 X
015 A002635 THE DAIWA BANK, LIMITED
015 B002635 S
015 C012635 TOKYO
015 D012635 JAPAN
015 E042635 X
015 A002636 THE SUMITOMO TRUST AND BANKING CO., LTD.
015 B002636 S
015 C012636 TOKYO
015 D012636 JAPAN
015 E042636 X
015 A002637 THE BRITISH BANK OF THE MIDDLE EAST
015 B002637 S
015 C012637 ANMAN
015 D012637 JORDAN
015 E042637 X
015 A002638 BARCLAYS BANK OF KENYA, LIMITED
015 B002638 S
015 C012638 NAIROBI
015 D012638 KENYA
<PAGE> PAGE 226
015 E042638 X
015 A002639 CEDEL (DEPOSITORY)
015 B002639 S
015 C012639 LUXEMBOURG CITY
015 D012639 LUXEMBOURG
015 E042639 X
015 A002640 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B002640 S
015 C012640 KUALA LUMPUR
015 D012640 MALAYSIA
015 E042640 X
015 A002641 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002641 S
015 C012641 PORT LOUIS
015 D012641 MAURITIUS
015 E042641 X
015 A002642 CITIBANK MEXICO, S.A.
015 B002642 S
015 C012642 MEXICO CITY
015 D012642 MEXICO
015 E042642 X
015 A002643 BANQUE COMMERCIALE DU MAROC
015 B002643 S
015 C012643 CASABLANCA
015 D012643 MOROCCO
015 E042643 X
015 A002644 MEESPIERSON N.V.
015 B002644 S
015 C012644 AMSTERDAM
015 D012644 NETHERLANDS
015 E042644 X
015 A002645 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B002645 S
015 C012645 WELLINGTON
015 D012645 NEW ZEALAND
015 E042645 X
015 A002646 CHRISTIANIA BANK OG KREDITKASSE
015 B002646 S
015 C012646 OSLO
015 D012646 NORWAY
015 E042646 X
015 A002647 DEUTSCHE BANK AG
015 B002647 S
015 C012647 KARACHI
015 D012647 PAKISTAN
015 E042647 X
015 A002648 CITIBANK, N.A.
015 B002648 S
015 C012648 LIMA
015 D012648 PERU
015 E042648 X
<PAGE> PAGE 227
015 A002649 STANDARD CHARTERED BANK
015 B002649 S
015 C012649 MANILA
015 D012649 PHILIPPINES
015 E042649 X
015 A002650 CITIBANK POLAND S.A.
015 B002650 S
015 C012650 WARSAW
015 D012650 POLAND
015 E042650 X
015 A002651 BANCO COMERCIAL PORTUGUES
015 B002651 S
015 C012651 LISBON
015 D012651 PORTUGAL
015 E042651 X
015 A002652 CREDIT SUISSE (MOSCOW) LIMITED
015 B002652 S
015 C012652 MOSCOW
015 D012652 RUSSIA
015 E042652 X
015 A002653 THE DEVELOPMENT BANK OF SINGAPORE LTD.
015 B002653 S
015 C012653 SINGAPORE
015 D012653 SINGAPORE
015 E042653 X
015 A002654 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B002654 S
015 C012654 BRATISLAVA
015 D012654 SLOVAK REPUBLIC
015 E042654 X
015 A002655 STANDARD BANK OF SOUTH AFRICA LTD.
015 B002655 S
015 C012655 JOHANNESBURG
015 D012655 SOUTH AFRICA
015 E042655 X
015 A002656 SEOULBANK
015 B002656 S
015 C012656 SEOUL
015 D012656 SOUTH KOREA
015 E042656 X
015 A002657 BANCO SANTANDER, S.A.
015 B002657 S
015 C012657 MADRID
015 D012657 SPAIN
015 E042657 X
015 A002658 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002658 S
015 C012658 COLOMBO
015 D012658 SRI LANKA
015 E042658 X
015 A002659 BARCLAYS BANK OF SWAZILAND LIMITED
<PAGE> PAGE 228
015 B002659 S
015 C012659 MBABANE
015 D012659 SWAZILAND
015 E042659 X
015 A002660 SKANDINAVISKA ENSKILDA BANKEN
015 B002660 S
015 C012660 STOCKHOLM
015 D012660 SWEDEN
015 E042660 X
015 A002661 UNION BANK OF SWITZERLAND
015 B002661 S
015 C012661 ZURICH
015 D012661 SWITZERLAND
015 E042661 X
015 A002662 CENTRAL TRUST OF CHINA
015 B002662 S
015 C012662 TAIPEI
015 D012662 TAIWAN
015 E042662 X
015 A002663 STANDARD CHARTERED BANK
015 B002663 S
015 C012663 BANGKOK
015 D012663 THAILAND
015 E042663 X
015 A002664 CITIBANK, N.A.-ISTANBUL BRANCH
015 B002664 S
015 C012664 ISTANBUL
015 D012664 TURKEY
015 E042664 X
015 A002665 STATE STREET BANK AND TRUST COMPANY
015 B002665 S
015 C012665 LONDON
015 D012665 UNITED KINGDOM
015 E042665 X
015 A002666 CITIBANK, N.A.
015 B002666 S
015 C012666 MONTEVIDEO
015 D012666 URUGUAY
015 E042666 X
015 A002667 CITIBANK, N.A., VENEZUELA
015 B002667 S
015 C012667 CARACAS
015 D012667 VENEZUELA
015 E042667 X
015 A002668 BARCLAYS BANK OF ZAMBIA LIMITED
015 B002668 S
015 C012668 LUSAKA
015 D012668 ZAMBIA
015 E042668 X
015 A002669 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B002669 S
<PAGE> PAGE 229
015 C012669 HARARE
015 D012669 ZIMBABWE
015 E042669 X
015 A002670 THE EUROCLEAR SYSTEM (DEPOSITORY)
015 B002670 S
015 C012670 BRUSSELS
015 D012670 BELGIUM
015 E042670 X
015 A002671 MISR CLEARING AND SECURITIES DEPOSITORY
015 B002671 S
015 C012671 CAIRO
015 D012671 EGYPT
015 E042671 X
015 A002672 CENTRAL DEPOSITORY & SETTLEMENT CO. LTD.
015 B002672 S
015 C012672 PORT LOUIS
015 D012672 MAURITIUS
015 E042672 X
024 002600 N
025 D002601 0
025 D002602 0
025 D002603 0
025 D002604 0
025 D002605 0
025 D002606 0
025 D002607 0
025 D002608 0
028 A012600 27914
028 A022600 0
028 A032600 0
028 A042600 204
028 B012600 27314
028 B022600 0
028 B032600 0
028 B042600 574
028 C012600 31355
028 C022600 0
028 C032600 0
028 C042600 3477
028 D012600 31824
028 D022600 0
028 D032600 0
028 D042600 1167
028 E012600 33337
028 E022600 0
028 E032600 0
028 E042600 1336
028 F012600 29024
028 F022600 88
028 F032600 0
028 F042600 1261
<PAGE> PAGE 230
028 G012600 180768
028 G022600 88
028 G032600 0
028 G042600 8019
028 H002600 0
045 002600 Y
046 002600 N
047 002600 Y
048 002600 0.600
048 A012600 0
048 A022600 0.000
048 B012600 0
048 B022600 0.000
048 C012600 0
048 C022600 0.000
048 D012600 0
048 D022600 0.000
048 E012600 0
048 E022600 0.000
048 F012600 0
048 F022600 0.000
048 G012600 0
048 G022600 0.000
048 H012600 0
048 H022600 0.000
048 I012600 0
048 I022600 0.000
048 J012600 0
048 J022600 0.000
048 K012600 0
048 K022600 0.000
049 002600 N
050 002600 N
051 002600 N
052 002600 N
053 A002600 N
054 A002600 Y
054 B002600 Y
054 C002600 Y
054 D002600 N
054 E002600 N
054 F002600 N
054 G002600 Y
054 H002600 Y
054 I002600 N
054 J002600 Y
054 K002600 N
054 L002600 Y
054 M002600 Y
054 N002600 N
054 O002600 N
<PAGE> PAGE 231
055 A002600 N
055 B002600 N
056 002600 Y
057 002600 N
058 A002600 Y
058 B002600 Y
058 C002600 Y
058 D002600 Y
058 E002600 N
059 002600 Y
060 A002600 Y
060 B002600 Y
061 002600 2000
062 A002600 N
062 B002600 0.0
062 C002600 0.0
062 D002600 0.0
062 E002600 0.0
062 F002600 0.0
062 G002600 0.0
062 H002600 0.0
062 I002600 0.0
062 J002600 0.0
062 K002600 0.0
062 L002600 0.0
062 M002600 0.0
062 N002600 0.0
062 O002600 0.0
062 P002600 0.0
062 Q002600 0.0
062 R002600 0.0
063 A002600 0
063 B002600 0.0
066 A002600 Y
066 B002600 N
066 C002600 N
066 D002600 N
066 E002600 Y
066 F002600 N
066 G002600 N
067 002600 N
068 A002600 N
068 B002600 N
069 002600 N
070 A012600 Y
070 A022600 Y
070 B012600 Y
070 B022600 N
070 C012600 Y
070 C022600 N
070 D012600 Y
<PAGE> PAGE 232
070 D022600 N
070 E012600 Y
070 E022600 N
070 F012600 Y
070 F022600 N
070 G012600 Y
070 G022600 N
070 H012600 Y
070 H022600 N
070 I012600 N
070 I022600 N
070 J012600 Y
070 J022600 Y
070 K012600 Y
070 K022600 N
070 L012600 Y
070 L022600 Y
070 M012600 Y
070 M022600 Y
070 N012600 Y
070 N022600 N
070 O012600 Y
070 O022600 N
070 P012600 Y
070 P022600 N
070 Q012600 Y
070 Q022600 N
070 R012600 Y
070 R022600 Y
071 A002600 144963
071 B002600 23672
071 C002600 77647
071 D002600 30
072 A002600 6
072 B002600 1203
072 C002600 785
072 D002600 0
072 E002600 0
072 F002600 422
072 G002600 0
072 H002600 0
072 I002600 0
072 J002600 23
072 K002600 0
072 L002600 15
072 M002600 1
072 N002600 0
072 O002600 0
072 P002600 0
072 Q002600 0
072 R002600 6
<PAGE> PAGE 233
072 S002600 2
072 T002600 0
072 U002600 0
072 V002600 0
072 W002600 0
072 X002600 468
072 Y002600 0
072 Z002600 1520
072AA002600 1716
072BB002600 2090
072CC012600 8245
072CC022600 0
072DD012600 88
072DD022600 0
072EE002600 0
073 A012600 0.0050
073 A022600 0.0000
073 B002600 0.0000
073 C002600 0.0000
074 A002600 1551
074 B002600 0
074 C002600 61435
074 D002600 8837
074 E002600 125
074 F002600 137051
074 G002600 0
074 H002600 0
074 I002600 0
074 J002600 2267
074 K002600 0
074 L002600 1810
074 M002600 457
074 N002600 213533
074 O002600 3301
074 P002600 120
074 Q002600 0
074 R012600 0
074 R022600 0
074 R032600 0
074 R042600 295
074 S002600 0
074 T002600 209817
074 U012600 18842
074 U022600 0
074 V012600 11.14
074 V022600 0.00
074 W002600 0.0000
074 X002600 3
074 Y002600 0
075 A002600 0
075 B002600 113960
<PAGE> PAGE 234
076 002600 0.00
063 A002800 0
063 B002800 0.0
071 A003100 0
071 B003100 0
071 C003100 0
071 D003100 0
072 A003100 0
072 B003100 0
072 C003100 0
072 D003100 0
072 E003100 0
072 F003100 0
072 G003100 0
072 H003100 0
072DD023300 PHILIPPENES
072 Y003300 0
072 Z003300 0
072 I003300 0
072 J003300 0
072 K003300 0
072 L003300 0
072 M003300 0
072 N003300 0
072 O003300 0
072 P003300 0
072 Q003300 0
072 R003300 0
072 S003300 0
072 T003300 0
072 U003300 0
072 V003300 0
072 W003300 0
072 X003300 0
072 Y003300 0
072 Z003300 0
072DD023300 PHILIPPENES
072 Y003400 0
072 Z003400 0
072AA003400 0
072BB003400 0
072CC013400 0
072CC023400 0
072DD013400 0
072DD023400 0
072EE003400 0
073 A013400 0.0000
073 A023400 0.0000
073 B003400 0.0000
073 C003400 0.0000
074 T003500 0
<PAGE> PAGE 235
074 T003500 0
074 R013600 S
074 R023600 MADRID
074 T003600 SPAIN
074 R013600 S
074 R023600 MADRID
074 T003600 SPAIN
SIGNATURE DIOMEDES LOO-TAM
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
VALUEMARK FUNDS JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 01
<NAME> FVF-MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 308,274,436
<INVESTMENTS-AT-VALUE> 308,274,436
<RECEIVABLES> 77,345,330
<ASSETS-OTHER> 8,821,758
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 394,441,524
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 143,704
<TOTAL-LIABILITIES> 143,704
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 394,297,820
<SHARES-COMMON-STOCK> 394,297,820
<SHARES-COMMON-PRIOR> 408,929,813
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 394,297,820
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 11,415,618
<OTHER-INCOME> 0
<EXPENSES-NET> (940,072)
<NET-INVESTMENT-INCOME> 10,475,546
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 10,475,546
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10,475,546)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 399,650,039
<NUMBER-OF-SHARES-REDEEMED> (424,757,838)
<SHARES-REINVESTED> 10,475,806
<NET-CHANGE-IN-ASSETS> (14,631,993)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,058,727
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,105,379
<AVERAGE-NET-ASSETS> 418,882,162
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .025
<PER-SHARE-GAIN-APPREC> .000
<PER-SHARE-DIVIDEND> (.025)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .440
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 02
<NAME> FVF-GROWTH AND INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 893,292,316
<INVESTMENTS-AT-VALUE> 1,125,842,883
<RECEIVABLES> 80,926,735
<ASSETS-OTHER> 36,591
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,206,806,209
<PAYABLE-FOR-SECURITIES> 3,042,881
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 480,109
<TOTAL-LIABILITIES> 3,522,990
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 909,038,412
<SHARES-COMMON-STOCK> 64,723,671
<SHARES-COMMON-PRIOR> 61,406,730
<ACCUMULATED-NII-CURRENT> 20,568,553
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 41,125,976
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 232,550,278
<NET-ASSETS> 1,203,283,219
<DIVIDEND-INCOME> 21,163,235
<INTEREST-INCOME> 1,792,187
<OTHER-INCOME> 0
<EXPENSES-NET> (2,761,011)
<NET-INVESTMENT-INCOME> 20,194,411
<REALIZED-GAINS-CURRENT> 41,271,132
<APPREC-INCREASE-CURRENT> 77,381,527
<NET-CHANGE-FROM-OPS> 138,847,070
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (39,059,424)
<DISTRIBUTIONS-OF-GAINS> (37,881,070)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,986,635
<NUMBER-OF-SHARES-REDEEMED> (6,764,452)
<SHARES-REINVESTED> 4,094,758
<NET-CHANGE-IN-ASSETS> 125,294,211
<ACCUMULATED-NII-PRIOR> 39,442,227
<ACCUMULATED-GAINS-PRIOR> 37,740,141
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,640,673
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,761,011
<AVERAGE-NET-ASSETS> 1,127,825,378
<PER-SHARE-NAV-BEGIN> 17.550
<PER-SHARE-NII> .320
<PER-SHARE-GAIN-APPREC> 1.980
<PER-SHARE-DIVIDEND> (.640)
<PER-SHARE-DISTRIBUTIONS> (.620)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.590
<EXPENSE-RATIO> .480
<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 JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 03
<NAME> FVF-NATURAL RESOURCES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 91,731,767
<INVESTMENTS-AT-VALUE> 87,290,035
<RECEIVABLES> 4,305,996
<ASSETS-OTHER> 358,054
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 91,954,085
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 50,069
<TOTAL-LIABILITIES> 50,069
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 96,349,878
<SHARES-COMMON-STOCK> 7,138,176
<SHARES-COMMON-PRIOR> 7,668,120
<ACCUMULATED-NII-CURRENT> 347,904
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (352,075)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4,441,691)
<NET-ASSETS> 91,904,016
<DIVIDEND-INCOME> 747,589
<INTEREST-INCOME> 139,467
<OTHER-INCOME> 0
<EXPENSES-NET> (330,372)
<NET-INVESTMENT-INCOME> 556,684
<REALIZED-GAINS-CURRENT> (206,009)
<APPREC-INCREASE-CURRENT> (9,715,062)
<NET-CHANGE-FROM-OPS> (9,364,387)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,423,769)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,645,763
<NUMBER-OF-SHARES-REDEEMED> (2,282,999)
<SHARES-REINVESTED> 107,292
<NET-CHANGE-IN-ASSETS> (17,674,569)
<ACCUMULATED-NII-PRIOR> 1,214,989
<ACCUMULATED-GAINS-PRIOR> (146,066)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 309,270
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 330,372
<AVERAGE-NET-ASSETS> 100,211,917
<PER-SHARE-NAV-BEGIN> 14.290
<PER-SHARE-NII> .090
<PER-SHARE-GAIN-APPREC> (1.300)
<PER-SHARE-DIVIDEND> (.200)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.880
<EXPENSE-RATIO> .660
<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 JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 04
<NAME> FVF-REAL ESTATE SECURITIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 264,470,445
<INVESTMENTS-AT-VALUE> 358,664,954
<RECEIVABLES> 28,653,660
<ASSETS-OTHER> 227,506
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 387,546,120
<PAYABLE-FOR-SECURITIES> 1,900,675
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 159,938
<TOTAL-LIABILITIES> 2,060,613
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 279,084,351
<SHARES-COMMON-STOCK> 16,893,175
<SHARES-COMMON-PRIOR> 14,568,012
<ACCUMULATED-NII-CURRENT> 6,434,776
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,771,871
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 94,194,509
<NET-ASSETS> 385,485,507
<DIVIDEND-INCOME> 6,319,033
<INTEREST-INCOME> 756,757
<OTHER-INCOME> 0
<EXPENSES-NET> (948,751)
<NET-INVESTMENT-INCOME> 6,127,039
<REALIZED-GAINS-CURRENT> 5,976,382
<APPREC-INCREASE-CURRENT> 14,339,441
<NET-CHANGE-FROM-OPS> 26,442,862
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10,951,988)
<DISTRIBUTIONS-OF-GAINS> (5,229,900)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,601,172
<NUMBER-OF-SHARES-REDEEMED> (1,998,415)
<SHARES-REINVESTED> 722,406
<NET-CHANGE-IN-ASSETS> 62,764,312
<ACCUMULATED-NII-PRIOR> 11,259,725
<ACCUMULATED-GAINS-PRIOR> 5,025,389
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 917,204
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 948,751
<AVERAGE-NET-ASSETS> 355,491,417
<PER-SHARE-NAV-BEGIN> 22.150
<PER-SHARE-NII> .280
<PER-SHARE-GAIN-APPREC> 1.380
<PER-SHARE-DIVIDEND> (.670)
<PER-SHARE-DISTRIBUTIONS> (.320)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 22.820
<EXPENSE-RATIO> .530
<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 JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 05
<NAME> FVF-UTILITY EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 997,490,042
<INVESTMENTS-AT-VALUE> 1,079,419,862
<RECEIVABLES> 12,524,238
<ASSETS-OTHER> 483,690
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,092,427,790
<PAYABLE-FOR-SECURITIES> 1,817,406
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,651,090
<TOTAL-LIABILITIES> 3,468,496
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 958,795,663
<SHARES-COMMON-STOCK> 63,253,739
<SHARES-COMMON-PRIOR> 66,144,551
<ACCUMULATED-NII-CURRENT> 23,174,772
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 25,056,611
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 81,932,248
<NET-ASSETS> 1,088,959,294
<DIVIDEND-INCOME> 25,496,268
<INTEREST-INCOME> 466,916
<OTHER-INCOME> 0
<EXPENSES-NET> (2,786,321)
<NET-INVESTMENT-INCOME> 23,176,863
<REALIZED-GAINS-CURRENT> 25,065,709
<APPREC-INCREASE-CURRENT> 28,964,341
<NET-CHANGE-FROM-OPS> 77,206,913
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (54,348,880)
<DISTRIBUTIONS-OF-GAINS> (75,198,357)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 888,288
<NUMBER-OF-SHARES-REDEEMED> (11,332,875)
<SHARES-REINVESTED> 7,553,775
<NET-CHANGE-IN-ASSETS> (113,331,026)
<ACCUMULATED-NII-PRIOR> 54,346,789
<ACCUMULATED-GAINS-PRIOR> 75,189,259
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,615,249
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,786,321
<AVERAGE-NET-ASSETS> 1,116,243,924
<PER-SHARE-NAV-BEGIN> 18.180
<PER-SHARE-NII> .510
<PER-SHARE-GAIN-APPREC> .820
<PER-SHARE-DIVIDEND> (.960)
<PER-SHARE-DISTRIBUTIONS> (1.330)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.220
<EXPENSE-RATIO> .500
<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 JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 06
<NAME> FVF-HIGH INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 418,595,838
<INVESTMENTS-AT-VALUE> 436,028,933
<RECEIVABLES> 17,441,436
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 453,470,369
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9,124,076
<TOTAL-LIABILITIES> 9,124,076
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 405,214,839
<SHARES-COMMON-STOCK> 32,692,098
<SHARES-COMMON-PRIOR> 31,511,357
<ACCUMULATED-NII-CURRENT> 20,882,895
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 819,314
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17,429,245
<NET-ASSETS> 444,346,293
<DIVIDEND-INCOME> 527,215
<INTEREST-INCOME> 21,519,987
<OTHER-INCOME> 0
<EXPENSES-NET> (1,162,781)
<NET-INVESTMENT-INCOME> 20,884,421
<REALIZED-GAINS-CURRENT> 821,357
<APPREC-INCREASE-CURRENT> (804,894)
<NET-CHANGE-FROM-OPS> 20,900,884
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (37,006,747)
<DISTRIBUTIONS-OF-GAINS> (1,213,933)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,712,199
<NUMBER-OF-SHARES-REDEEMED> (9,333,561)
<SHARES-REINVESTED> 2,802,103
<NET-CHANGE-IN-ASSETS> (1,749,232)
<ACCUMULATED-NII-PRIOR> 37,005,221
<ACCUMULATED-GAINS-PRIOR> 1,211,890
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,106,945
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,162,781
<AVERAGE-NET-ASSETS> 440,507,052
<PER-SHARE-NAV-BEGIN> 14.160
<PER-SHARE-NII> .680
<PER-SHARE-GAIN-APPREC> .010
<PER-SHARE-DIVIDEND> (1.220)
<PER-SHARE-DISTRIBUTIONS> (.040)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.590
<EXPENSE-RATIO> .520
<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 JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 07
<NAME> FVF-TEMPLETON GLOBAL INCOME SECURITIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 189,915,923
<INVESTMENTS-AT-VALUE> 189,146,643
<RECEIVABLES> 20,344,687
<ASSETS-OTHER> 9,170,965
<OTHER-ITEMS-ASSETS> 2,610,200
<TOTAL-ASSETS> 221,272,495
<PAYABLE-FOR-SECURITIES> 14,472,517
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,361,097
<TOTAL-LIABILITIES> 16,833,614
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 203,018,275
<SHARES-COMMON-STOCK> 16,088,088
<SHARES-COMMON-PRIOR> 16,287,427
<ACCUMULATED-NII-CURRENT> 5,253,010
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,530,845)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (301,559)
<NET-ASSETS> 204,438,881
<DIVIDEND-INCOME> 7,384
<INTEREST-INCOME> 7,806,742
<OTHER-INCOME> 0
<EXPENSES-NET> ( 634,779)
<NET-INVESTMENT-INCOME> 7,179,347
<REALIZED-GAINS-CURRENT> 515,000
<APPREC-INCREASE-CURRENT> (6,973,529)
<NET-CHANGE-FROM-OPS> 720,818
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (14,522,463)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 841,241
<NUMBER-OF-SHARES-REDEEMED> (2,185,885)
<SHARES-REINVESTED> 1,145,305
<NET-CHANGE-IN-ASSETS> (17,283,588)
<ACCUMULATED-NII-PRIOR> 12,596,126
<ACCUMULATED-GAINS-PRIOR> (4,045,845)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 582,566
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 634,779
<AVERAGE-NET-ASSETS> 208,647,408
<PER-SHARE-NAV-BEGIN> 13.610
<PER-SHARE-NII> .520
<PER-SHARE-GAIN-APPREC> (.450)
<PER-SHARE-DIVIDEND> (.970)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.710
<EXPENSE-RATIO> .610
<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 JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 09
<NAME> FVF-INCOME SECURITIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 1,216,237,733
<INVESTMENTS-AT-VALUE> 1,297,374,969
<RECEIVABLES> 67,854,240
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,365,229,209
<PAYABLE-FOR-SECURITIES> 48,143
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,094,508
<TOTAL-LIABILITIES> 1,142,651
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,199,966,915
<SHARES-COMMON-STOCK> 81,550,321
<SHARES-COMMON-PRIOR> 78,493,846
<ACCUMULATED-NII-CURRENT> 51,564,926
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 31,432,497
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 81,122,220
<NET-ASSETS> 1,364,086,558
<DIVIDEND-INCOME> 16,333,178
<INTEREST-INCOME> 38,568,505
<OTHER-INCOME> 0
<EXPENSES-NET> (3,346,127)
<NET-INVESTMENT-INCOME> 51,555,556
<REALIZED-GAINS-CURRENT> 31,459,698
<APPREC-INCREASE-CURRENT> 3,592,507
<NET-CHANGE-FROM-OPS> 86,607,761
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (99,613,761)
<DISTRIBUTIONS-OF-GAINS> (21,398,124)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,083,091
<NUMBER-OF-SHARES-REDEEMED> (9,272,837)
<SHARES-REINVESTED> 7,246,221
<NET-CHANGE-IN-ASSETS> 13,427,138
<ACCUMULATED-NII-PRIOR> 99,623,131
<ACCUMULATED-GAINS-PRIOR> 21,370,923
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,121,566
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,346,127
<AVERAGE-NET-ASSETS> 1,343,272,197
<PER-SHARE-NAV-BEGIN> 17.210
<PER-SHARE-NII> .700
<PER-SHARE-GAIN-APPREC> .440
<PER-SHARE-DIVIDEND> (1.330)
<PER-SHARE-DISTRIBUTIONS> (.290)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.730
<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 JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 10
<NAME> FVF-US GOVERNMENT SECURITIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 748,958,841
<INVESTMENTS-AT-VALUE> 758,863,768
<RECEIVABLES> 21,514,219
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 780,377,987
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,055,299
<TOTAL-LIABILITIES> 1,055,299
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 758,635,205
<SHARES-COMMON-STOCK> 58,989,435
<SHARES-COMMON-PRIOR> 62,667,403
<ACCUMULATED-NII-CURRENT> 26,381,806
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (15,599,250)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9,904,927
<NET-ASSETS> 779,322,688
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 28,335,260
<OTHER-INCOME> 0
<EXPENSES-NET> (2,003,611)
<NET-INVESTMENT-INCOME> 26,331,649
<REALIZED-GAINS-CURRENT> 268,757
<APPREC-INCREASE-CURRENT> 2,858,479
<NET-CHANGE-FROM-OPS> 29,458,885
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (42,870,826)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,546,380
<NUMBER-OF-SHARES-REDEEMED> (9,469,679)
<SHARES-REINVESTED> 3,245,331
<NET-CHANGE-IN-ASSETS> (64,534,829)
<ACCUMULATED-NII-PRIOR> 42,920,983
<ACCUMULATED-GAINS-PRIOR> (15,868,007)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,916,874
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,003,611
<AVERAGE-NET-ASSETS> 803,486,483
<PER-SHARE-NAV-BEGIN> 13.470
<PER-SHARE-NII> .530
<PER-SHARE-GAIN-APPREC> (.030)
<PER-SHARE-DIVIDEND> (.760)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.210
<EXPENSE-RATIO> .500
<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 JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 12
<NAME> FVF-ZERO COUPON FUND - 2000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 114,210,502
<INVESTMENTS-AT-VALUE> 119,348,797
<RECEIVABLES> 1,563,784
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 120,912,581
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 487,664
<TOTAL-LIABILITIES> 487,664
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 110,621,550
<SHARES-COMMON-STOCK> 8,324,305
<SHARES-COMMON-PRIOR> 8,530,236
<ACCUMULATED-NII-CURRENT> 3,914,051
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 751,021
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,138,295
<NET-ASSETS> 120,424,917
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,159,562
<OTHER-INCOME> 0
<EXPENSES-NET> (245,742)
<NET-INVESTMENT-INCOME> 3,913,820
<REALIZED-GAINS-CURRENT> 751,801
<APPREC-INCREASE-CURRENT> (1,908,070)
<NET-CHANGE-FROM-OPS> 2,757,551
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,152,085)
<DISTRIBUTIONS-OF-GAINS> (184,468)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 347,709
<NUMBER-OF-SHARES-REDEEMED> (1,129,368)
<SHARES-REINVESTED> 575,728
<NET-CHANGE-IN-ASSETS> (9,176,025)
<ACCUMULATED-NII-PRIOR> 8,152,316
<ACCUMULATED-GAINS-PRIOR> 183,688
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 366,868
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 390,834
<AVERAGE-NET-ASSETS> 122,964,621
<PER-SHARE-NAV-BEGIN> 15.190
<PER-SHARE-NII> .570
<PER-SHARE-GAIN-APPREC> (.210)
<PER-SHARE-DIVIDEND> (1.060)
<PER-SHARE-DISTRIBUTIONS> (.020)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.470
<EXPENSE-RATIO> .400
<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 JUNE 30, 1997 SEMI-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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 70,813,920
<INVESTMENTS-AT-VALUE> 76,127,684
<RECEIVABLES> 26,892
<ASSETS-OTHER> 1,407
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 76,155,983
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 25,365
<TOTAL-LIABILITIES> 25,365
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 67,794,089
<SHARES-COMMON-STOCK> 4,867,554
<SHARES-COMMON-PRIOR> 5,052,522
<ACCUMULATED-NII-CURRENT> 2,448,739
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 574,026
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,313,764
<NET-ASSETS> 76,130,618
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,605,081
<OTHER-INCOME> 0
<EXPENSES-NET> (156,101)
<NET-INVESTMENT-INCOME> 2,448,980
<REALIZED-GAINS-CURRENT> 578,643
<APPREC-INCREASE-CURRENT> (1,418,733)
<NET-CHANGE-FROM-OPS> 1,608,890
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,939,956)
<DISTRIBUTIONS-OF-GAINS> (17,170)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 256,752
<NUMBER-OF-SHARES-REDEEMED> (757,260)
<SHARES-REINVESTED> 315,540
<NET-CHANGE-IN-ASSETS> (6,472,851)
<ACCUMULATED-NII-PRIOR> 4,939,715
<ACCUMULATED-GAINS-PRIOR> 12,553
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 242,059
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 251,122
<AVERAGE-NET-ASSETS> 78,102,773
<PER-SHARE-NAV-BEGIN> 16.350
<PER-SHARE-NII> .590
<PER-SHARE-GAIN-APPREC> (.230)
<PER-SHARE-DIVIDEND> (1.060)
<PER-SHARE-DISTRIBUTIONS> (.010)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.640
<EXPENSE-RATIO> .400
<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 JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 14
<NAME> FVF-ZERO COUPON FUND - 2010
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 69,806,434
<INVESTMENTS-AT-VALUE> 78,437,183
<RECEIVABLES> 83,929
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 78,521,112
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 176,756
<TOTAL-LIABILITIES> 176,756
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 67,803,573
<SHARES-COMMON-STOCK> 5,027,827
<SHARES-COMMON-PRIOR> 4,839,072
<ACCUMULATED-NII-CURRENT> 2,499,046
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (589,012)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,630,749
<NET-ASSETS> 78,344,356
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,656,008
<OTHER-INCOME> 0
<EXPENSES-NET> (156,821)
<NET-INVESTMENT-INCOME> 2,499,187
<REALIZED-GAINS-CURRENT> (169,893)
<APPREC-INCREASE-CURRENT> (846,022)
<NET-CHANGE-FROM-OPS> 1,483,272
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,878,501)
<DISTRIBUTIONS-OF-GAINS> (39,001)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 844,709
<NUMBER-OF-SHARES-REDEEMED> (968,971)
<SHARES-REINVESTED> 313,017
<NET-CHANGE-IN-ASSETS> (471,390)
<ACCUMULATED-NII-PRIOR> 4,878,360
<ACCUMULATED-GAINS-PRIOR> (380,118)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 243,175
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 253,032
<AVERAGE-NET-ASSETS> 78,470,108
<PER-SHARE-NAV-BEGIN> 16.290
<PER-SHARE-NII> 0.500
<PER-SHARE-GAIN-APPREC> (0.190)
<PER-SHARE-DIVIDEND> (1.010)
<PER-SHARE-DISTRIBUTIONS> (0.010)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.580
<EXPENSE-RATIO> 0.040
<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 JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 16
<NAME> FVF-RISING DIVIDENDS FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 467,479,578
<INVESTMENTS-AT-VALUE> 671,966,052
<RECEIVABLES> 28,680,987
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 700,647,039
<PAYABLE-FOR-SECURITIES> 8,392,680
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,068,972
<TOTAL-LIABILITIES> 9,461,652
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 445,729,221
<SHARES-COMMON-STOCK> 40,160,726
<SHARES-COMMON-PRIOR> 38,791,704
<ACCUMULATED-NII-CURRENT> 4,376,948
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 36,592,744
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 204,486,474
<NET-ASSETS> 691,185,387
<DIVIDEND-INCOME> 6,282,910
<INTEREST-INCOME> 419,957
<OTHER-INCOME> 0
<EXPENSES-NET> (2,323,425)
<NET-INVESTMENT-INCOME> 4,379,442
<REALIZED-GAINS-CURRENT> 36,892,317
<APPREC-INCREASE-CURRENT> 54,206,885
<NET-CHANGE-FROM-OPS> 95,478,644
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9,956,520)
<DISTRIBUTIONS-OF-GAINS> (17,001,263)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,540,482
<NUMBER-OF-SHARES-REDEEMED> (4,735,137)
<SHARES-REINVESTED> 1,563,677
<NET-CHANGE-IN-ASSETS> 93,761,686
<ACCUMULATED-NII-PRIOR> 9,954,026
<ACCUMULATED-GAINS-PRIOR> 16,701,690
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,268,468
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,323,425
<AVERAGE-NET-ASSETS> 625,924,711
<PER-SHARE-NAV-BEGIN> 15.400
<PER-SHARE-NII> .110
<PER-SHARE-GAIN-APPREC> 2.410
<PER-SHARE-DIVIDEND> (.260)
<PER-SHARE-DISTRIBUTIONS> (.450)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.210
<EXPENSE-RATIO> .740
<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 JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 17
<NAME> FVF-TEMPLETON PACIFIC GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 279,679,878
<INVESTMENTS-AT-VALUE> 317,425,155
<RECEIVABLES> 3,918,554
<ASSETS-OTHER> 100,008
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 321,443,717
<PAYABLE-FOR-SECURITIES> 3,258,168
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 590,733
<TOTAL-LIABILITIES> 3,848,901
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 277,724,196
<SHARES-COMMON-STOCK> 21,289,513
<SHARES-COMMON-PRIOR> 24,170,761
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (233,641)
<ACCUMULATED-NET-GAINS> 2,358,984
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 37,745,277
<NET-ASSETS> 317,594,816
<DIVIDEND-INCOME> 4,974,027
<INTEREST-INCOME> 184,966
<OTHER-INCOME> 0
<EXPENSES-NET> (1,602,941)
<NET-INVESTMENT-INCOME> 3,556,052
<REALIZED-GAINS-CURRENT> 7,295,819
<APPREC-INCREASE-CURRENT> (2,446,047)
<NET-CHANGE-FROM-OPS> 8,405,824
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,815,823)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,873,395
<NUMBER-OF-SHARES-REDEEMED> (6,151,357)
<SHARES-REINVESTED> 396,714
<NET-CHANGE-IN-ASSETS> (39,164,342)
<ACCUMULATED-NII-PRIOR> 2,026,130
<ACCUMULATED-GAINS-PRIOR> (4,936,835)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,456,591
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,602,941
<AVERAGE-NET-ASSETS> 323,213,066
<PER-SHARE-NAV-BEGIN> 14.760
<PER-SHARE-NII> 0.180
<PER-SHARE-GAIN-APPREC> 0.260
<PER-SHARE-DIVIDEND> (0.280)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.920
<EXPENSE-RATIO> 1.000
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1997 SEMI-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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 902,957,809
<INVESTMENTS-AT-VALUE> 1,139,957,138
<RECEIVABLES> 133,023,582
<ASSETS-OTHER> 247,748
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,273,228,468
<PAYABLE-FOR-SECURITIES> 3,254,409
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 983,133
<TOTAL-LIABILITIES> 4,237,542
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 986,119,960
<SHARES-COMMON-STOCK> 77,230,276
<SHARES-COMMON-PRIOR> 71,718,408
<ACCUMULATED-NII-CURRENT> 4,587,105
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 41,284,532
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 236,999,329
<NET-ASSETS> 1,268,990,926
<DIVIDEND-INCOME> 25,309,868
<INTEREST-INCOME> 3,928,997
<OTHER-INCOME> 0
<EXPENSES-NET> (5,128,310)
<NET-INVESTMENT-INCOME> 24,110,555
<REALIZED-GAINS-CURRENT> 26,635,301
<APPREC-INCREASE-CURRENT> 102,676,570
<NET-CHANGE-FROM-OPS> 153,422,426
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (47,271,084)
<DISTRIBUTIONS-OF-GAINS> (35,002,253)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,002,043
<NUMBER-OF-SHARES-REDEEMED> (9,575,054)
<SHARES-REINVESTED> 5,084,879
<NET-CHANGE-IN-ASSETS> 160,891,552
<ACCUMULATED-NII-PRIOR> 27,747,634
<ACCUMULATED-GAINS-PRIOR> 49,651,484
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,600,750
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,128,310
<AVERAGE-NET-ASSETS> 1,158,197,735
<PER-SHARE-NAV-BEGIN> 15.450
<PER-SHARE-NII> .120
<PER-SHARE-GAIN-APPREC> 2.000
<PER-SHARE-DIVIDEND> (.450)
<PER-SHARE-DISTRIBUTIONS> (.690)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.430
<EXPENSE-RATIO> .890
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1997 SEMI-ANNUAL REPORT AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 19
<NAME> FVF-TEMPLETON DEVELOPING MARKETS EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 315,400,213
<INVESTMENTS-AT-VALUE> 383,530,535
<RECEIVABLES> 4,104,387
<ASSETS-OTHER> 1,055,099
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 388,690,021
<PAYABLE-FOR-SECURITIES> 3,129,045
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 795,808
<TOTAL-LIABILITIES> 3,924,853
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 307,895,590
<SHARES-COMMON-STOCK> 28,565,598
<SHARES-COMMON-PRIOR> 23,468,431
<ACCUMULATED-NII-CURRENT> 3,522,304
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,216,952
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 68,130,322
<NET-ASSETS> 384,765,168
<DIVIDEND-INCOME> 5,265,770
<INTEREST-INCOME> 994,961
<OTHER-INCOME> 0
<EXPENSES-NET> (2,328,713)
<NET-INVESTMENT-INCOME> 3,932,018
<REALIZED-GAINS-CURRENT> 5,351,598
<APPREC-INCREASE-CURRENT> 48,231,911
<NET-CHANGE-FROM-OPS> 57,515,527
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,987,427)
<DISTRIBUTIONS-OF-GAINS> (6,324,884)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,309,306
<NUMBER-OF-SHARES-REDEEMED> (2,986,336)
<SHARES-REINVESTED> 774,197
<NET-CHANGE-IN-ASSETS> 112,666,747
<ACCUMULATED-NII-PRIOR> 3,577,713
<ACCUMULATED-GAINS-PRIOR> 6,190,238
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,056,138
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,328,713
<AVERAGE-NET-ASSETS> 331,708,397
<PER-SHARE-NAV-BEGIN> 11.590
<PER-SHARE-NII> .120
<PER-SHARE-GAIN-APPREC> 2.140
<PER-SHARE-DIVIDEND> (.150)
<PER-SHARE-DISTRIBUTIONS> (.230)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.470
<EXPENSE-RATIO> 1.420
<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 JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 20
<NAME> FVF-TEMPLETON GLOBAL GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 514,540,118
<INVESTMENTS-AT-VALUE> 659,822,901
<RECEIVABLES> 71,328,372
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 731,151,273
<PAYABLE-FOR-SECURITIES> 49,508
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,927,918
<TOTAL-LIABILITIES> 1,977,426
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 555,721,012
<SHARES-COMMON-STOCK> 47,377,998
<SHARES-COMMON-PRIOR> 42,027,864
<ACCUMULATED-NII-CURRENT> 9,933,949
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 18,236,103
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 145,282,783
<NET-ASSETS> 729,173,847
<DIVIDEND-INCOME> 11,186,361
<INTEREST-INCOME> 2,253,708
<OTHER-INCOME> 0
<EXPENSES-NET> (2,830,236)
<NET-INVESTMENT-INCOME> 10,609,833
<REALIZED-GAINS-CURRENT> 18,330,153
<APPREC-INCREASE-CURRENT> 56,907,732
<NET-CHANGE-FROM-OPS> 85,847,718
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11,070,041)
<DISTRIBUTIONS-OF-GAINS> (3,690,014)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,233,062
<NUMBER-OF-SHARES-REDEEMED> (2,854,623)
<SHARES-REINVESTED> 971,695
<NET-CHANGE-IN-ASSETS> 149,296,460
<ACCUMULATED-NII-PRIOR> 10,394,157
<ACCUMULATED-GAINS-PRIOR> 3,595,964
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,683,193
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,830,236
<AVERAGE-NET-ASSETS> 641,447,916
<PER-SHARE-NAV-BEGIN> 13.800
<PER-SHARE-NII> 0.200
<PER-SHARE-GAIN-APPREC> 1.710
<PER-SHARE-DIVIDEND> (.240)
<PER-SHARE-DISTRIBUTIONS> (.080)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.390
<EXPENSE-RATIO> .890
<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 JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 21
<NAME> FVF-TEMPLETON GLOBAL ASSET ALLOCATION FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 69,022,566
<INVESTMENTS-AT-VALUE> 78,215,698
<RECEIVABLES> 6,616,417
<ASSETS-OTHER> 372,445
<OTHER-ITEMS-ASSETS> 129,306
<TOTAL-ASSETS> 85,333,866
<PAYABLE-FOR-SECURITIES> 1,694,056
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 154,240
<TOTAL-LIABILITIES> 1,848,296
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 72,008,644
<SHARES-COMMON-STOCK> 6,213,979
<SHARES-COMMON-PRIOR> 4,469,291
<ACCUMULATED-NII-CURRENT> 1,599,707
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 641,710
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9,235,509
<NET-ASSETS> 83,485,570
<DIVIDEND-INCOME> 755,137
<INTEREST-INCOME> 1,230,045
<OTHER-INCOME> 0
<EXPENSES-NET> (297,363)
<NET-INVESTMENT-INCOME> 1,687,819
<REALIZED-GAINS-CURRENT> 660,099
<APPREC-INCREASE-CURRENT> 4,215,346
<NET-CHANGE-FROM-OPS> 6,563,264
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,548,504)
<DISTRIBUTIONS-OF-GAINS> (446,684)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,860,891
<NUMBER-OF-SHARES-REDEEMED> (265,879)
<SHARES-REINVESTED> 149,676
<NET-CHANGE-IN-ASSETS> 27,211,444
<ACCUMULATED-NII-PRIOR> 1,460,392
<ACCUMULATED-GAINS-PRIOR> 428,295
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 274,060
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 297,363
<AVERAGE-NET-ASSETS> 69,113,926
<PER-SHARE-NAV-BEGIN> 12.590
<PER-SHARE-NII> .190
<PER-SHARE-GAIN-APPREC> .990
<PER-SHARE-DIVIDEND> (.260)
<PER-SHARE-DISTRIBUTIONS> (.070)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.440
<EXPENSE-RATIO> .870
<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 JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 22
<NAME> FVF-SMALL CAP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 225,570,656
<INVESTMENTS-AT-VALUE> 251,857,297
<RECEIVABLES> 529,818
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 252,387,115
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9,970,497
<TOTAL-LIABILITIES> 9,970,497
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 211,574,489
<SHARES-COMMON-STOCK> 17,502,722
<SHARES-COMMON-PRIOR> 12,956,069
<ACCUMULATED-NII-CURRENT> 54,888
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,500,600
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 26,286,641
<NET-ASSETS> 242,416,618
<DIVIDEND-INCOME> 437,071
<INTEREST-INCOME> 390,296
<OTHER-INCOME> 0
<EXPENSES-NET> (777,357)
<NET-INVESTMENT-INCOME> 50,010
<REALIZED-GAINS-CURRENT> 4,563,859
<APPREC-INCREASE-CURRENT> 15,873,568
<NET-CHANGE-FROM-OPS> 20,487,437
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (573,457)
<DISTRIBUTIONS-OF-GAINS> (6,796,191)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,769,335
<NUMBER-OF-SHARES-REDEEMED> (3,765,366)
<SHARES-REINVESTED> 542,684
<NET-CHANGE-IN-ASSETS> 71,447,648
<ACCUMULATED-NII-PRIOR> 578,335
<ACCUMULATED-GAINS-PRIOR> 6,732,932
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 756,502
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 777,357
<AVERAGE-NET-ASSETS> 201,774,902
<PER-SHARE-NAV-BEGIN> 13.200
<PER-SHARE-NII> (.010)
<PER-SHARE-GAIN-APPREC> 1.060
<PER-SHARE-DIVIDEND> (.030)
<PER-SHARE-DISTRIBUTIONS> (.370)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.850
<EXPENSE-RATIO> .770
<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 JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 23
<NAME> FVF-CAPITAL GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 53,451,493
<INVESTMENTS-AT-VALUE> 61,850,363
<RECEIVABLES> 12,083,636
<ASSETS-OTHER> 619,436
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 74,553,435
<PAYABLE-FOR-SECURITIES> 86,563
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 46,884
<TOTAL-LIABILITIES> 133,447
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 66,539,260
<SHARES-COMMON-STOCK> 5,972,448
<SHARES-COMMON-PRIOR> 3,930,828
<ACCUMULATED-NII-CURRENT> 202,147
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (720,289)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,398,870
<NET-ASSETS> 74,419,988
<DIVIDEND-INCOME> 183,012
<INTEREST-INCOME> 233,711
<OTHER-INCOME> 0
<EXPENSES-NET> (214,566)
<NET-INVESTMENT-INCOME> 202,157
<REALIZED-GAINS-CURRENT> (580,339)
<APPREC-INCREASE-CURRENT> 6,416,420
<NET-CHANGE-FROM-OPS> 6,038,238
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (109,761)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,513,176
<NUMBER-OF-SHARES-REDEEMED> (1,480,295)
<SHARES-REINVESTED> 8,739
<NET-CHANGE-IN-ASSETS> 29,753,277
<ACCUMULATED-NII-PRIOR> 109,751
<ACCUMULATED-GAINS-PRIOR> (139,950)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 211,213
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 214,566
<AVERAGE-NET-ASSETS> 56,793,135
<PER-SHARE-NAV-BEGIN> 11.360
<PER-SHARE-NII> .020
<PER-SHARE-GAIN-APPREC> 1.100
<PER-SHARE-DIVIDEND> (.020)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.460
<EXPENSE-RATIO> .760
<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 JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 24
<NAME> FVF-TEMPLETON INTERNATIONAL SMALLER COMPANIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 21,982,281
<INVESTMENTS-AT-VALUE> 23,745,733
<RECEIVABLES> 4,633,257
<ASSETS-OTHER> 2,734,825
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 31,113,815
<PAYABLE-FOR-SECURITIES> 1,573,152
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 36,022
<TOTAL-LIABILITIES> 1,609,174
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 26,949,034
<SHARES-COMMON-STOCK> 2,484,755
<SHARES-COMMON-PRIOR> 1,445,259
<ACCUMULATED-NII-CURRENT> 437,478
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 354,677
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,763,452
<NET-ASSETS> 29,504,641
<DIVIDEND-INCOME> 358,018
<INTEREST-INCOME> 224,271
<OTHER-INCOME> 0
<EXPENSES-NET> (121,679)
<NET-INVESTMENT-INCOME> 460,610
<REALIZED-GAINS-CURRENT> 354,677
<APPREC-INCREASE-CURRENT> 659,380
<NET-CHANGE-FROM-OPS> 1,474,667
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (155,776)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,344,677
<NUMBER-OF-SHARES-REDEEMED> (318,450)
<SHARES-REINVESTED> 13,269
<NET-CHANGE-IN-ASSETS> 13,249,603
<ACCUMULATED-NII-PRIOR> 132,644
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 112,220
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 121,679
<AVERAGE-NET-ASSETS> 22,630,085
<PER-SHARE-NAV-BEGIN> 11.250
<PER-SHARE-NII> .150
<PER-SHARE-GAIN-APPREC> .540
<PER-SHARE-DIVIDEND> (.070)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.870
<EXPENSE-RATIO> 1.080
<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 JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 25
<NAME> FVF-MUTUAL DISCOVERY SECURITIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 113,796,366
<INVESTMENTS-AT-VALUE> 118,046,070
<RECEIVABLES> 2,928,179
<ASSETS-OTHER> 1,101,158
<OTHER-ITEMS-ASSETS> 812,120
<TOTAL-ASSETS> 122,887,527
<PAYABLE-FOR-SECURITIES> 3,153,900
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 342,051
<TOTAL-LIABILITIES> 3,495,951
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 112,482,587
<SHARES-COMMON-STOCK> 10,546,514
<SHARES-COMMON-PRIOR> 1,510,497
<ACCUMULATED-NII-CURRENT> 1,109,308
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 950,342
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,849,339
<NET-ASSETS> 119,391,576
<DIVIDEND-INCOME> 935,675
<INTEREST-INCOME> 563,608
<OTHER-INCOME> 0
<EXPENSES-NET> (366,719)
<NET-INVESTMENT-INCOME> 1,132,564
<REALIZED-GAINS-CURRENT> 950,342
<APPREC-INCREASE-CURRENT> 4,661,489
<NET-CHANGE-FROM-OPS> 6,744,395
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (49,403)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,656,295
<NUMBER-OF-SHARES-REDEEMED> (624,697)
<SHARES-REINVESTED> 4,419
<NET-CHANGE-IN-ASSETS> 103,973,846
<ACCUMULATED-NII-PRIOR> 26,147
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 308,069
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 366,719
<AVERAGE-NET-ASSETS> 6,5780,292
<PER-SHARE-NAV-BEGIN> 10.210
<PER-SHARE-NII> .090
<PER-SHARE-GAIN-APPREC> 1.030
<PER-SHARE-DIVIDEND> (.010)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.320
<EXPENSE-RATIO> 1.120
<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 JUNE 30, 1997 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 26
<NAME> FVF-MUTUAL SHARES SECURITIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 198,916,831
<INVESTMENTS-AT-VALUE> 207,447,960
<RECEIVABLES> 4,077,450
<ASSETS-OTHER> 1,550,584
<OTHER-ITEMS-ASSETS> 457,278
<TOTAL-ASSETS> 213,533,272
<PAYABLE-FOR-SECURITIES> 3,300,999
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 415,670
<TOTAL-LIABILITIES> 3,716,669
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 199,897,508
<SHARES-COMMON-STOCK> 18,841,726
<SHARES-COMMON-PRIOR> 2,673,901
<ACCUMULATED-NII-CURRENT> 1,482,453
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (376,767)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,813,409
<NET-ASSETS> 209,816,603
<DIVIDEND-INCOME> 785,434
<INTEREST-INCOME> 1,202,509
<OTHER-INCOME> 0
<EXPENSES-NET> (468,260)
<NET-INVESTMENT-INCOME> 1,519,683
<REALIZED-GAINS-CURRENT> (373,718)
<APPREC-INCREASE-CURRENT> 8,245,066
<NET-CHANGE-FROM-OPS> 9,391,031
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (87,831)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16,907,359
<NUMBER-OF-SHARES-REDEEMED> (747,327)
<SHARES-REINVESTED> 7,793
<NET-CHANGE-IN-ASSETS> 182,139,681
<ACCUMULATED-NII-PRIOR> 50,601
<ACCUMULATED-GAINS-PRIOR> (3,049)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 421,659
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 468,260
<AVERAGE-NET-ASSETS> 113,959,873
<PER-SHARE-NAV-BEGIN> 10.350
<PER-SHARE-NII> .070
<PER-SHARE-GAIN-APPREC> .730
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> (.010)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.140
<EXPENSE-RATIO> .830
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
nsar\1997\fvf-77c.doc 1 7/17/97
NAME OF REGISTRANT:
Franklin Valuemark Funds
File No. 811-5583
EXHIBIT ITEM No. 77C:
Submission of matters to a vote of security holders
At the special meeting of shareholders of the registrant held on
April 4, 1997, the following items were voted upon:
1. Electing Trustees of the Trust to hold office until their
successors are elected and qualified;
Shares Voted
Shares Voted For Against
Frank H. Abbott 948,803,887.387 23,789,637.622
L. C. Anderson 950,301,681.416 22,291,843.593
Harris J. Ashton 950,544,829.797 22,048,695.212
S. Joseph Fortunato 949,805,658.718 22,787,866.291
David W. Garbellano 947,870,197.603 24,723,327.406
Charles B. Johnson 950,398,940.768 22,194,584.241
Charles E. Johnson 950,097,436.776 22,496,088.233
Rupert H. Johnson, Jr. 950,749,074.437 21,844,450.572
Frank W. T. LaHaye 950,680,992.891 21,912,532.118
Gordon S. Macklin 950,214,147.999 22,379,377.010
2. Ratifying the selection of Coopers & Lybrand L.L.P.,
Certified Public Accountants, as the independent auditors for the
Trust for the fiscal year ending December 31, 1997.
Shares Voted For Shares Voted Against
915,813,515.019 7,634,859.171
3. Approving changes in the investment objective and industry
concentration policy of the Precious Metals Fund to those of a
natural resources fund;
Shares Voted For Shares Voted Against
6,188,720.987 663,584.104
4. Approval of a change in the fundamental investment policies
of the Precious Metals Fund to permit a change from investments
in precious metals commodities to natural resources commodities,
and to clarify that the fund may invest in futures contracts
related to such commodities;
Shares Voted For Shares Voted Against
6,100,496.708 772,291.632
5. Approving a change in the fundamental investment policy of
the Precious Metals Fund to permit a change from 5% to up to 10%
of the fund's assets that may be invested in unseasoned issuers.
Shares Voted For Shares Voted Against
5,925,877.013 900,970.326
wpdoc2\nsar\1997\825-77dg.doc 1
7/17/97
NAME OF REGISTRANT:
Franklin Valuemark Funds
File No. 811-5583
EXHIBIT ITEM No. 77D(g)
Policies with respect to security investments
At a meeting of the Board of Trustees on January 14, 1997, the
following resolutions were approved:
RESOLVED, that as a non-fundamental policy, the Utility
Equity Fund and Templeton International Equity Fund (the
"Funds") be, and they hereby are, authorized to invest up to
5% of their total assets in Russian Securities, consistent
with the Funds' investment objectives and policies; and
RESOLVED FURTHER, that the Mutual Discovery Securities Fund
and the Mutual Shares Securities Fund ("Mutual Series")
series of the Trust utilizing Credit Suisse and its
subsidiary Credit Suisse (Moscow) Ltd. through the State
Street Bank and Trust global network, do hereby ratify as a
non-fundamental policy that the Mutual Series are authorized
to invest up to 5% of their total assets in Russian
Securities, consistent with the Mutual Series' objective and
policies.
