FRANKLIN VALUEMARK FUNDS, NSAR-B, 1997-02-28

FRANKLIN VALUEMARK FUNDS
NSAR-B, 1997-02-28
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<PAGE>      PAGE  1
000 B000000 12/31/96
000 C000000 0000837274
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 FRANKLIN VALUEMARK FUNDS
001 B000000 811-5583
001 C000000 8003423863
002 A000000 777 MARINERS ISLAND BOULEVARD
002 B000000 SAN MATEO
002 C000000 CA
002 D010000 94403
002 D020000 7777
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 23
007 C010100  1
007 C020100 MONEY MARKET FUND
007 C030100 N
007 C010200  2
007 C020200 GROWTH AND INCOME FUND
007 C030200 N
007 C010300  3
007 C020300 PRECIOUS METALS FUND
007 C030300 N
007 C010400  4
007 C020400 REAL ESTATE SECURITIES FUND
007 C030400 N
007 C010500  5
007 C020500 UTILITY EQUITY FUND
007 C030500 N
007 C010600  6
007 C020600 HIGH INCOME FUND
007 C030600 N
007 C010700  7
007 C020700 TEMPLETON GLOBAL INCOME SECURITIES FUND
007 C030700 N
007 C010800  8
007 C020800 INVESTMENT GRADE INTERMEDIATE BOND FUND
007 C030800 Y
007 C010900  9
007 C020900 INCOME SECURITIES FUND
007 C030900 N
007 C011000 10
<PAGE>      PAGE  2
007 C021000 U.S.GOVERNMENT SECURITIES FUND
007 C031000 N
007 C011100 11
007 C011200 12
007 C021200 ZERO COUPON FUND - 2000
007 C031200 N
007 C011300 13
007 C021300 ZERO COUPON FUND - 2005
007 C031300 N
007 C011400 14
007 C021400 ZERO COUPON FUND - 2010
007 C031400 N
007 C011500 15
007 C011600 16
007 C021600 RISING DIVIDENDS FUND
007 C031600 N
007 C011700 17
007 C021700 TEMPLETON PACIFIC GROWTH FUND
007 C031700 N
007 C011800 18
007 C021800 TEMPLETON INTERNATIONAL EQUITY FUND
007 C031800 N
007 C011900 19
007 C021900 TEMPLETON DEVELOPING MARKETS EQUITY FUND
007 C031900 N
007 C012000 20
007 C022000 TEMPLETON GLOBAL GROWTH FUND
007 C032000 N
007 C012100 21
007 C022100 TEMPLETON GLOBAL ASSET ALLOCATION FUND
007 C032100 N
007 C012200 22
007 C022200 SMALL CAP FUND
007 C032200 N
007 C012300 23
007 C022300 CAPITAL GROWTH FUND
007 C032300 N
007 C012400 24
007 C022400 TEMPLETON INTERNATIONAL SMALLER COMPANIES FUN
007 C032400 N
007 C012500 25
007 C022500 MUTUAL DISCOVERY SECURITIES FUND
007 C032500 N
007 C012600 26
007 C022600 MUTUAL SHARES SECURITIES FUND
007 C032600 N
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
<PAGE>      PAGE  3
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
010 A00AA01 DELAWARE VALLEY FINANCIAL SERVICES, INC.
010 C01AA01 BERWYN
010 C02AA01 PA
010 C03AA01 19312
010 C04AA01 0031
010 A00AA02 FRANKLIN/TEMPLETON SERVICES, INC.
010 C01AA02 SAN MATEO
010 C02AA02 CA
010 C03AA02 94404
011 A00AA01 NALAC FINANCIAL PLANS, INC.
011 B00AA01 8-136300
011 C01AA01 MINNEAPOLIS
011 C02AA01 MN
011 C03AA01 55403
011 C04AA01 1808
013 A00AA01 COOPERS & LYBRAND L.L.P.
013 B01AA01 SAN FRANCISCO
013 B02AA01 CA
013 B03AA01 94105
013 B04AA01 2119
013 A00AA02 DELETE
013 A00AA03 DELETE
018  00AA00 Y
019 A00AA00 Y
019 B00AA00  212
019 C00AA00 FRNKTEMGRP
020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH
020 B000001 13-5674085
020 C000001    315
020 A000002 A.G. EDWARDS & SONS
020 B000002 43-0895447
020 C000002    254
020 A000003 LEHMAN BROTHERS, INC.
020 B000003 13-2518466
020 C000003    234
020 A000004 MORGAN STANLEY & CO. INC.
020 B000004 13-2655998
020 C000004    228
020 A000005 BARING SECURITIES INC.
020 B000005 04-2455153
020 C000005    221
020 A000006 GOLDMAN SACHS & CO.
<PAGE>      PAGE  4
020 B000006 13-5108880
020 C000006    197
020 A000007 PAINE WEBBER INC.
020 B000007 13-2638166
020 C000007    158
020 A000008 SBC WARBURG & CO., INC.
020 B000008 13-3340045
020 C000008    158
020 A000009 NATWEST SECURITIES CORPORATION
020 B000009 11-0773597
020 C000009    152
020 A000010 CREDIT LYONNAIS SECURITIES
020 B000010 13-2602298
020 C000010    146
021  000000     5878
022 A000001 SWISS BANK CORP. INV. BANK
022 B000001 13-2639550
022 C000001  19292361
022 D000001     15220
022 A000002 UBS SECURITIES, L.L.C.
022 B000002 13-2932996
022 C000002  15913238
022 D000002     17694
022 A000003 BANK OF AMERICA NT & SA
022 B000003 94-1687665
022 C000003  14868634
022 D000003     46139
022 A000004 BANKERS TRUST CO.
022 B000004 13-4941247
022 C000004  10690147
022 D000004      5700
022 A000005 FUJI SECURITIES INC.
022 B000005 13-3038090
022 C000005   9096417
022 D000005     38853
022 A000006 BEAR, STEARNS & CO. INC.
022 B000006 13-3299429
022 C000006   8911738
022 D000006     39864
022 A000007 DAIWA SECURITIES AMERICA INC.
022 B000007 13-5680329
022 C000007   8264228
022 D000007         0
022 A000008 MORGAN STANLEY & CO. INC.
022 B000008 13-2655998
022 C000008   7744126
022 D000008     86874
022 A000009 DONALDSON LUFKIN & JENRETTE
022 B000009 13-2741729
022 C000009   7543723
022 D000009     16084
<PAGE>      PAGE  5
022 A000010 CHASE MANHATTAN BANK NA
022 B000010 13-2633612
022 C000010   7361555
022 D000010    102902
023 C000000  143493800
023 D000000    1000328
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
030 B00AA00  0.00
030 C00AA00  0.00
042 A00AA00   0
042 B00AA00   0
042 C00AA00   0
042 D00AA00   0
042 E00AA00   0
042 F00AA00   0
042 G00AA00   0
042 H00AA00   0
043  00AA00      0
044  00AA00      0
077 A000000 Y
077 B000000 Y
077 Q010000 Y
078  000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 B00AA00 NONE
080 C00AA00   130000
081 A00AA00 Y
081 B00AA00 189
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
008 A000101 FRANKLIN ADVISERS, INC.
008 B000101 A
008 C000101 801-26292
008 D010101 SAN MATEO
<PAGE>      PAGE  6
008 D020101 CA
008 D030101 94403
008 D040101 7777
015 A000101 BANK OF NEW YORK
015 B000101 C
015 C010101 NEW YORK
015 C020101 NY
015 C030101 10286
015 E010101 X
015 A000102 THE BANK OF BOSTON
015 B000102 S
015 C010102 BUENOS AIRES
015 D010102 ARGENTINA
015 E040102 X
015 A000103 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000103 S
015 C010103 MELBOURNE
015 D010103 AUSTRALIA
015 E040103 X
015 A000104 CREDITANSTALT-BANKVEREIN
015 B000104 S
015 C010104 VIENNA
015 D010104 AUSTRIA
015 E040104 X
015 A000105 STANDARD CHARTERED BANK PLC
015 B000105 S
015 C010105 DHAKA
015 D010105 BANGLADESH
015 E040105 X
015 A000106 BANQUE BRUXELLES LAMBERT
015 B000106 S
015 C010106 BRUSSELS
015 D010106 BELGIUM
015 E040106 X
015 A000107 STANBIC BANK BOTSWANA LIMITED
015 B000107 S
015 C010107 GABORONE
015 D010107 BOTSWANA
015 E040107 X
015 A000108 THE FIRST NATIONAL BANK OF BOSTON
015 B000108 S
015 C010108 SAO PAULO
015 D010108 BRAZIL
015 E040108 X
015 A000109 ROYAL BANK OF CANADA
015 B000109 S
015 C010109 MONTREAL
015 D010109 CANADA
015 E040109 X
015 A000110 THE FIRST NATIONAL BANK OF BOSTON
015 B000110 S
<PAGE>      PAGE  7
015 C010110 SANTIAGO
015 D010110 CHILE
015 E040110 X
015 A000111 BANCO DE CHILE
015 B000111 S
015 C010111 SANTIAGO
015 D010111 CHILE
015 E040111 X
015 A000112 THE STANDARD CHARTERED BANK, HONG KONG
015 B000112 S
015 C010112 HONG KONG
015 D010112 CHINA
015 E040112 X
015 A000113 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B000113 S
015 C010113 BOGOTA
015 D010113 COLOMBIA
015 E040113 X
015 A000114 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000114 S
015 C010114 PRAGUE
015 D010114 CZECH REPUBLIC
015 E040114 X
015 A000115 DEN DANSKE BANK
015 B000115 S
015 C010115 COPENHAGEN
015 D010115 DENMARK
015 E040115 X
015 A000116 CITIBANK, N.A.
015 B000116 S
015 C010116 QUITO
015 D010116 ECUADOR
015 E040116 X
015 A000117 CITIBANK, N.A.
015 B000117 S
015 C010117 CAIRO
015 D010117 EGYPT
015 E040117 X
015 A000118 MERITA BANK LTD.
015 B000118 S
015 C010118 HELSINKI
015 D010118 FINLAND
015 E040118 X
015 A000119 BANQUE PARIBAS
015 B000119 S
015 C010119 PARIS
015 D010119 FRANCE
015 E040119 X
015 A000120 CREDIT COMMERCIAL DE FRANCE
015 B000120 S
015 C010120 PARIS
<PAGE>      PAGE  8
015 D010120 FRANCE
015 E040120 X
015 A000121 DRESDNER BANK A.G.
015 B000121 S
015 C010121 FRANKFURT
015 D010121 GERMANY
015 E040121 X
015 A000122 MERCHANT BANK LIMITED
015 B000122 S
015 C010122 ACCRA
015 D010122 GHANA
015 E040122 X
015 A000123 NATIONAL BANK OF GREECE S.A.
015 B000123 S
015 C010123 ATHENS
015 D010123 GREECE
015 E040123 X
015 A000124 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000124 S
015 C010124 HONG KONG
015 D010124 HONG KONG
015 E040124 X
015 A000125 CITIBANK BUDAPEST RT.
015 B000125 S
015 C010125 BUDAPEST
015 D010125 HUNGARY
015 E040125 X
015 A000126 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000126 S
015 C010126 MUMBAI
015 D010126 INDIA
015 E040126 X
015 A000127 THE HONGKONG AND SHANGHAI BANKING COPR. LTD.
015 B000127 S
015 C010127 JAKARTA
015 D010127 INDONESIA
015 E040127 X
015 A000128 ALLIED IRISH BANKS, PLC
015 B000128 S
015 C010128 DUBLIN
015 D010128 IRELAND
015 E040128 X
015 A000129 BANK LEUMI LE-ISRAEL, B.M.
015 B000129 S
015 C010129 TEL AVIV
015 D010129 ISRAEL
015 E040129 X
015 A000130 BANCA COMMERCIALE ITALIANA
015 B000130 S
015 C010130 MILAN
015 D010130 ITALY
<PAGE>      PAGE  9
015 E040130 X
015 A000131 BANQUE PARIBAS
015 B000131 S
015 C010131 MILAN
015 D010131 ITALY
015 E040131 X
015 A000132 JASDEC
015 B000132 S
015 C010132 TOKYO
015 D010132 JAPAN
015 E040132 X
015 A000133 BANK OF TOKYO MITSUBISHI
015 B000133 S
015 C010133 TOKYO
015 D010133 JAPAN
015 E040133 X
015 A000134 THE BRITISH BANK OF THE MIDDLE EAST
015 B000134 S
015 C010134 AMMAN
015 D010134 JORDAN
015 E040134 X
015 A000135 STANBIC BANK KENYA LIMITED
015 B000135 S
015 C010135 NAIROBI
015 D010135 KENYA
015 E040135 X
015 A000136 CEDEL
015 B000136 S
015 C010136 LUXEMBOURG CITY
015 D010136 LUXEMBOURG
015 E040136 X
015 A000137 BANQUE INTERNATIONALE A LUXEMBOURG
015 B000137 S
015 C010137 LUXEMBOURG CITY
015 D010137 LUXEMBOURG
015 E040137 X
015 A000138 THE HONGKONG BANK MALAYSIA BERHAD
015 B000138 S
015 C010138 KUALA LUMPUR
015 D010138 MALAYSIA
015 E040138 X
015 A000139 BANCO NACIONAL DE MEXICO
015 B000139 S
015 C010139 MEXICO CITY
015 D010139 MEXICO
015 E040139 X
015 A000140 BANQUE COMMERCIALE DU MAROC
015 B000140 S
015 C010140 CASABLANCA
015 D010140 MOROCCO
015 E040140 X
<PAGE>      PAGE  10
015 A000141 STANBIC BANK NAMIBIA LIMITED
015 B000141 S
015 C010141 WINDHOEK
015 D010141 NAMIBIA
015 E040141 X
015 A000142 KAS-ASSOCIATIE NV
015 B000142 S
015 C010142 AMSTERDAM
015 D010142 NETHERLANDS
015 E040142 X
015 A000143 MEESPIERSON NV
015 B000143 S
015 C010143 AMSTERDAM
015 D010143 NETHERLANDS
015 E040143 X
015 A000144 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000144 S
015 C010144 WELLINGTON
015 D010144 NEW ZEALAND
015 E040144 X
015 A000145 STANBIC MERCHANT BANK NIGERIA LIMITED
015 B000145 S
015 C010145 LAGOS
015 D010145 NIGERIA
015 E040145 X
015 A000146 DEN NORSKE BANK
015 B000146 S
015 C010146 OSLO
015 D010146 NORWAY
015 E040146 X
015 A000147 STANDARD CHARTERED BANK
015 B000147 S
015 C010147 KARACHI
015 D010147 PAKISTAN
015 E040147 X
015 A000148 CITIBANK, N.A.
015 B000148 S
015 C010148 LIMA
015 D010148 PERU
015 E040148 X
015 A000149 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000149 S
015 C010149 MANILA
015 D010149 PHILIPPINES
015 E040149 X
015 A000150 BANK HANDLOWY W. WARZAWIE, S.A.
015 B000150 S
015 C010150 WARSAW
015 D010150 POLAND
015 E040150 X
015 A000151 BANCO COMERCIAL PORTUGUES
<PAGE>      PAGE  11
015 B000151 S
015 C010151 LISBON
015 D010151 PORTUGAL
015 E040151 X
015 A000152 UNITED OVERSEAS BANK LIMITED
015 B000152 S
015 C010152 SINGAPORE
015 D010152 SINGAPORE
015 E040152 X
015 A000153 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B000153 S
015 C010153 SINGAPORE
015 D010153 SINGAPORE
015 E040153 X
015 A000154 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000154 S
015 C010154 BRATISLAVA
015 D010154 SLOVAK REPUBLIC
015 E040154 X
015 A000155 STANDARD CORPORATE AND MERCHANT BANK
015 B000155 S
015 C010155 JOHANNESBURG
015 D010155 SOUTH AFRICA
015 E040155 X
015 A000156 SEOULBANK
015 B000156 S
015 C010156 SEOUL
015 D010156 SOUTH KOREA
015 E040156 X
015 A000157 BANCO BILBAO VIZCAYA
015 B000157 S
015 C010157 MADRID
015 D010157 SPAIN
015 E040157 X
015 A000158 STANDARD CHARTERED BANK
015 B000158 S
015 C010158 COLOMBO
015 D010158 SRI LANKA
015 E040158 X
015 A000159 STANBIC BANK SWAZILAND LTD.
015 B000159 S
015 C010159 MBABANE
015 D010159 SWAZILAND
015 E040159 X
015 A000160 SKANDINAVISKA ENSKILDA BANKEN
015 B000160 S
015 C010160 STOCKHOLM
015 D010160 SWEDEN
015 E040160 X
015 A000161 UNION BANK OF SWITZERLAND
015 B000161 S
<PAGE>      PAGE  12
015 C010161 ZURICH
015 D010161 SWITZERLAND
015 E040161 X
015 A000162 BANK LEU LTD.
015 B000162 S
015 C010162 ZURICH
015 D010162 SWITZERLAND
015 E040162 X
015 A000163 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000163 S
015 C010163 TAIPEI
015 D010163 TAIWAN
015 E040163 X
015 A000164 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LTD.
015 B000164 S
015 C010164 BANGKOK
015 D010164 THAILAND
015 E040164 X
015 A000165 BANGKOK BANK PUBLIC COMPANY LTD.
015 B000165 S
015 C010165 BANGKOK
015 D010165 THAILAND
015 E040165 X
015 A000166 CITIBANK N.A.
015 B000166 S
015 C010166 ISTANBUL
015 D010166 TURKEY
015 E040166 X
015 A000167 THE BANK OF NEW YORK
015 B000167 S
015 C010167 LONDON
015 D010167 UNITED KINGDOM
015 E040167 X
015 A000168 FIRST CHICAGO CLEARING CENTRE
015 B000168 S
015 C010168 LONDON
015 D010168 UNITED KINGDOM
015 E040168 X
015 A000169 THE FIRST NATIONAL BANK OF BOSTON
015 B000169 S
015 C010169 MONTEVIDEO
015 D010169 URUGUAY
015 E040169 X
015 A000170 CITIBANK N.A.
015 B000170 S
015 C010170 CARACAS
015 D010170 VENEZUELA
015 E040170 X
015 A000171 STANBIC BANK ZAMBIA LIMITED
015 B000171 S
015 C010171 LUSAKA
<PAGE>      PAGE  13
015 D010171 ZAMBIA
015 E040171 X
015 A000172 STANBIC BANK ZIMBABWE LIMITED
015 B000172 S
015 C010172 HARARE
015 D010172 ZIMBABWE
015 E040172 X
024  000100 Y
025 A000101 GOLDMAN SACHS & CO.
025 B000101 13-5108880
025 C000101 D
025 D000101   14842
025 A000102 MERRILL LYNCH, PIERCE, FENNER & SMITH
025 B000102 13-5674085
025 C000102 D
025 D000102   19856
025 A000103 MORGAN STANLEY & CO. INC.
025 B000103 13-2655998
025 C000103 D
025 D000103   14857
025 A000104 PRUDENTIAL BACHE SECURITIES, INC.
025 B000104 22-2347336
025 C000104 D
025 D000104   19942
025 D000105       0
025 D000106       0
025 D000107       0
025 D000108       0
028 A010100    105159
028 A020100      2046
028 A030100         0
028 A040100     42840
028 B010100     31238
028 B020100      1866
028 B030100         0
028 B040100     76828
028 C010100     30211
028 C020100      1873
028 C030100         0
028 C040100     65689
028 D010100     83013
028 D020100      1847
028 D030100         0
028 D040100     31407
028 E010100     28704
028 E020100      1767
028 E030100         0
028 E040100     71524
028 F010100     46370
028 F020100      1822
028 F030100         0
<PAGE>      PAGE  14
028 F040100     67929
028 G010100    324695
028 G020100     11221
028 G030100         0
028 G040100    356217
028 H000100         0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.000
048 A010100   100000
048 A020100 0.625
048 B010100   150000
048 B020100 0.500
048 C010100  9750000
048 C020100 0.450
048 D010100  2500000
048 D020100 0.440
048 E010100  2500000
048 E020100 0.420
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100 15000000
048 K020100 0.400
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
054 A000100 Y
054 B000100 Y
054 C000100 Y
054 D000100 Y
054 E000100 Y
054 F000100 Y
054 G000100 Y
054 H000100 Y
054 I000100 N
054 J000100 Y
054 K000100 Y
054 L000100 Y
<PAGE>      PAGE  15
054 M000100 Y
054 N000100 Y
054 O000100 Y
055 A000100 N
055 B000100 N
056  000100 N
057  000100 N
058 A000100 Y
058 B000100 Y
058 C000100 Y
058 D000100 Y
058 E000100 N
059  000100 Y
060 A000100 Y
060 B000100 Y
061  000100     2000
062 A000100 Y
062 B000100   0.0
062 C000100   0.0
062 D000100  16.4
062 E000100   0.0
062 F000100   8.8
062 G000100   0.0
062 H000100   0.0
062 I000100  73.5
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100  42
063 B000100  0.0
064 A000100 N
064 B000100 N
066 A000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
<PAGE>      PAGE  16
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100         0
071 B000100         0
071 C000100    436518
071 D000100    0
072 A000100 12
072 B000100    23914
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100     2225
072 G000100        0
072 H000100        0
072 I000100        0
072 J000100        8
072 K000100       32
072 L000100       23
072 M000100        3
072 N000100        0
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100       12
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
008 A000201 FRANKLIN ADVISERS, INC
008 B000201 A
008 C000201 801-26292
008 D010201 SAN MATEO
008 D020201 CA
008 D030201 94403
008 D040201 7777
008 A000202 DELETE
015 A000201 BANK OF NEW YORK
015 B000201 C
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015 C020201 NY
015 C030201 10286
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015 B000202 S
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015 D010202 ARGENTINA
015 E040202 X
015 A000203 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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015 B000228 S
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
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<PAGE>      PAGE  25
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050  000200 N
051  000200 N
052  000200 N
053 A000200 N
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054 B000200 Y
054 C000200 Y
054 D000200 N
054 E000200 N
054 F000200 N
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054 K000200 N
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<PAGE>      PAGE  27
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066 D000200 N
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<PAGE>      PAGE  28
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<PAGE>      PAGE  29
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008 A000301 FRANKLIN ADVISERS, INC
008 B000301 A
008 C000301 801-26292
008 D010301 SAN MATEO
008 D020301 CA
008 D030301 94403
008 D040301 7777
015 A000301 BANK OF NEW YORK
015 B000301 C
015 C010301 NEW YORK
015 C020301 NY
015 C030301 10286
015 E010301 X
<PAGE>      PAGE  30
015 A000302 THE BANK OF BOSTON
015 B000302 S
015 C010302 BUENOS AIRES
015 D010302 ARGENTINA
015 E040302 X
015 A000303 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000303 S
015 C010303 MELBOURNE
015 D010303 AUSTRALIA
015 E040303 X
015 A000304 CREDITANSTALT-BANKVEREIN
015 B000304 S
015 C010304 VIENNA
015 D010304 AUSTRIA
015 E040304 X
015 A000305 STANDARD CHARTERED BANK PLC
015 B000305 S
015 C010305 DHAKA
015 D010305 BANGLADESH
015 E040305 X
015 A000306 BANQUE BRUXELLES LAMBERT
015 B000306 S
015 C010306 BRUSSELS
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015 E040306 X
015 A000307 STANBIC BANK BOTSWANA LIMITED
015 B000307 S
015 C010307 GABORONE
015 D010307 BOTSWANA
015 E040307 X
015 A000308 THE FIRST NATIONAL BANK OF BOSTON
015 B000308 S
015 C010308 SAO PAULO
015 D010308 BRAZIL
015 E040308 X
015 A000309 ROYAL BANK OF CANADA
015 B000309 S
015 C010309 MONTREAL
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015 E040309 X
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015 B000310 S
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015 D010310 CHILE
015 E040310 X
015 A000311 BANCO DE CHILE
015 B000311 S
015 C010311 SANTIAGO
015 D010311 CHILE
015 E040311 X
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<PAGE>      PAGE  31
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015 C010312 HONG KONG
015 D010312 CHINA
015 E040312 X
015 A000313 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
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015 D010313 COLOMBIA
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015 E040314 X
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015 B000315 S
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015 E040315 X
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015 E040316 X
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015 B000317 S
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015 B000319 S
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015 B000321 S
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015 E040321 X
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015 B000322 S
<PAGE>      PAGE  32
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015 E040322 X
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015 B000323 S
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015 B000324 S
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015 B000325 S
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015 E040326 X
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015 B000327 S
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015 E040327 X
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015 B000328 S
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015 E040328 X
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015 B000329 S
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015 E040329 X
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015 B000330 S
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<PAGE>      PAGE  33
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015 E040332 X
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015 D010333 JAPAN
015 E040333 X
015 A000334 THE BRITISH BANK OF THE MIDDLE EAST
015 B000334 S
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015 E040334 X
015 A000335 STANBIC BANK KENYA LIMITED
015 B000335 S
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015 E040335 X
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015 B000337 S
015 C010337 LUXEMBOURG CITY
015 D010337 LUXEMBOURG
015 E040337 X
015 A000338 THE HONGKONG BANK MALAYSIA BERHAD
015 B000338 S
015 C010338 KUALA LUMPUR
015 D010338 MALAYSIA
015 E040338 X
015 A000339 BANCO NACIONAL DE MEXICO
015 B000339 S
015 C010339 MEXICO CITY
015 D010339 MEXICO
015 E040339 X
015 A000340 BANQUE COMMERCIALE DU MAROC
015 B000340 S
015 C010340 CASABLANCA
015 D010340 MOROCCO
015 E040340 X
015 A000341 STANBIC BANK NAMIBIA LIMITED
015 B000341 S
015 C010341 WINDHOEK
015 D010341 NAMIBIA
015 E040341 X
015 A000342 KAS-ASSOCIATIE NV
015 B000342 S
015 C010342 AMSTERDAM
015 D010342 NETHERLANDS
<PAGE>      PAGE  34
015 E040342 X
015 A000343 MEESPIERSON NV
015 B000343 S
015 C010343 AMSTERDAM
015 D010343 NETHERLANDS
015 E040343 X
015 A000344 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000344 S
015 C010344 WELLINGTON
015 D010344 NEW ZEALAND
015 E040344 X
015 A000345 STANBIC MERCHANT BANK NIGERIA LIMITED
015 B000345 S
015 C010345 LAGOS
015 D010345 NIGERIA
015 E040345 X
015 A000346 DEN NORSKE BANK
015 B000346 S
015 C010346 OSLO
015 D010346 NORWAY
015 E040346 X
015 A000347 STANDARD CHARTERED BANK
015 B000347 S
015 C010347 KARACHI
015 D010347 PAKISTAN
015 E040347 X
015 A000348 CITIBANK, N.A.
015 B000348 S
015 C010348 LIMA
015 D010348 PERU
015 E040348 X
015 A000349 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000349 S
015 C010349 MANILA
015 D010349 PHILIPPINES
015 E040349 X
015 A000350 BANK HANDLOWY W. WARZAWIE, S.A.
015 B000350 S
015 C010350 WARSAW
015 D010350 POLAND
015 E040350 X
015 A000351 BANCO COMERCIAL PORTUGUES
015 B000351 S
015 C010351 LISBON
015 D010351 PORTUGAL
015 E040351 X
015 A000352 UNITED OVERSEAS BANK LIMITED
015 B000352 S
015 C010352 SINGAPORE
015 D010352 SINGAPORE
015 E040352 X
<PAGE>      PAGE  35
015 A000353 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B000353 S
015 C010353 SINGAPORE
015 D010353 SINGAPORE
015 E040353 X
015 A000354 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000354 S
015 C010354 BRATISLAVA
015 D010354 SLOVAK REPUBLIC
015 E040354 X
015 A000355 STANDARD CORPORATE AND MERCHANT BANK
015 B000355 S
015 C010355 JOHANNESBURG
015 D010355 SOUTH AFRICA
015 E040355 X
015 A000356 SEOULBANK
015 B000356 S
015 C010356 SEOUL
015 D010356 SOUTH KOREA
015 E040356 X
015 A000357 BANCO BILBAO VIZCAYA
015 B000357 S
015 C010357 MADRID
015 D010357 SPAIN
015 E040357 X
015 A000358 STANDARD CHARTERED BANK
015 B000358 S
015 C010358 COLOMBO
015 D010358 SRI LANKA
015 E040358 X
015 A000359 STANBIC BANK SWAZILAND LTD.
015 B000359 S
015 C010359 MBABANE
015 D010359 SWAZILAND
015 E040359 X
015 A000360 SKANDINAVISKA ENSKILDA BANKEN
015 B000360 S
015 C010360 STOCKHOLM
015 D010360 SWEDEN
015 E040360 X
015 A000361 UNION BANK OF SWITZERLAND
015 B000361 S
015 C010361 ZURICH
015 D010361 SWITZERLAND
015 E040361 X
015 A000362 BANK LEU LTD.
015 B000362 S
015 C010362 ZURICH
015 D010362 SWITZERLAND
015 E040362 X
015 A000363 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
<PAGE>      PAGE  36
015 B000363 S
015 C010363 TAIPEI
015 D010363 TAIWAN
015 E040363 X
015 A000364 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LTD.
015 B000364 S
015 C010364 BANGKOK
015 D010364 THAILAND
015 E040364 X
015 A000365 BANGKOK BANK PUBLIC COMPANY LTD.
015 B000365 S
015 C010365 BANGKOK
015 D010365 THAILAND
015 E040365 X
015 A000366 CITIBANK, N.A.
015 B000366 S
015 C010366 ISTANBUL
015 D010366 TURKEY
015 E040366 X
015 A000367 THE BANK OF NEW YORK
015 B000367 S
015 C010367 LONDON
015 D010367 UNITED KINGDOM
015 E040367 X
015 A000368 FIRST CHICAGO CLEARING CENTRE
015 B000368 S
015 C010368 LONDON
015 D010368 UNITED KINGDOM
015 E040368 X
015 A000369 THE FIRST NATIONAL BANK OF BOSTON
015 B000369 S
015 C010369 MONTEVIDEO
015 D010369 URUGUAY
015 E040369 X
015 A000370 CITIBANK, N.A.
015 B000370 S
015 C010370 CARACAS
015 D010370 VENEZUELA
015 E040370 X
015 A000371 STANBIC BANK ZAMBIA LIMITED
015 B000371 S
015 C010371 LUSAKA
015 D010371 ZAMBIA
015 E040371 X
015 A000372 STANBIC BANK ZIMBABWE LIMITED
015 B000372 S
015 C010372 HARARE
015 D010372 ZIMBABWE
015 E040372 X
024  000300 N
028 A010300      9918
<PAGE>      PAGE  37
028 A020300         0
028 A030300         0
028 A040300      8690
028 B010300      4546
028 B020300         0
028 B030300         0
028 B040300      6654
028 C010300      5082
028 C020300         0
028 C030300         0
028 C040300      7190
028 D010300      5245
028 D020300         0
028 D030300         0
028 D040300      4223
028 E010300      3471
028 E020300         0
028 E030300         0
028 E040300      6460
028 F010300      3888
028 F020300         0
028 F030300         0
028 F040300      5957
028 G010300     32150
028 G020300         0
028 G030300         0
028 G040300     39174
028 H000300         0
045  000300 Y
046  000300 N
047  000300 Y
048  000300  0.000
048 A010300   100000
048 A020300 0.625
048 B010300   150000
048 B020300 0.500
048 C010300  9750000
048 C020300 0.450
048 D010300  2500000
048 D020300 0.440
048 E010300  2500000
048 E020300 0.420
048 F010300        0
048 F020300 0.000
048 G010300        0
048 G020300 0.000
048 H010300        0
048 H020300 0.000
048 I010300        0
048 I020300 0.000
048 J010300        0
<PAGE>      PAGE  38
048 J020300 0.000
048 K010300 15000000
048 K020300 0.400
049  000300 N
050  000300 N
051  000300 N
052  000300 N
053 A000300 N
054 A000300 Y
054 B000300 Y
054 C000300 Y
054 D000300 N
054 E000300 N
054 F000300 N
054 G000300 Y
054 H000300 Y
054 I000300 N
054 J000300 Y
054 K000300 N
054 L000300 Y
054 M000300 Y
054 N000300 N
054 O000300 N
055 A000300 Y
055 B000300 N
056  000300 N
057  000300 N
058 A000300 Y
058 B000300 Y
058 C000300 Y
058 D000300 Y
058 E000300 N
059  000300 Y
060 A000300 Y
060 B000300 Y
061  000300     2000
062 A000300 N
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300   0.0
062 M000300   0.0
062 N000300   0.0
062 O000300   0.0
<PAGE>      PAGE  39
062 P000300   0.0
062 Q000300   0.0
062 R000300   0.0
063 A000300   0
063 B000300  0.0
066 A000300 Y
066 B000300 N
066 C000300 N
066 D000300 Y
066 E000300 N
066 F000300 N
066 G000300 N
067  000300 N
068 A000300 Y
068 B000300 Y
069  000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 N
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
070 N010300 Y
070 N020300 N
070 O010300 N
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
<PAGE>      PAGE  40
070 R020300 N
071 A000300     33954
071 B000300     24601
071 C000300    113004
071 D000300   22
072 A000300 12
072 B000300      642
072 C000300     1428
072 D000300        0
072 E000300        0
072 F000300      754
072 G000300        0
072 H000300        0
072 I000300        0
072 J000300       33
072 K000300        9
072 L000300        6
072 M000300        1
072 N000300        0
072 O000300        0
072 P000300        0
072 Q000300        0
072 R000300        4
072 S000300        2
072 T000300        0
072 U000300        0
072 V000300        0
072 W000300        3
072 X000300      812
072 Y000300        0
072 Z000300     1258
072AA000300     3633
072BB000300     3822
072CC010300      936
072CC020300        0
072DD010300     1593
072DD020300        0
072EE000300     1461
073 A010300   0.1964
073 A020300   0.0000
073 B000300   0.1801
073 C000300   0.0000
074 A000300      813
074 B000300     3467
074 C000300        0
074 D000300      425
074 E000300        0
074 F000300   104859
074 G000300        0
074 H000300        0
074 I000300        0
<PAGE>      PAGE  41
074 J000300        0
074 K000300        0
074 L000300       88
074 M000300        0
074 N000300   109652
074 O000300        0
074 P000300       57
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300       16
074 S000300        0
074 T000300   109579
074 U010300     7668
074 U020300        0
074 V010300    14.29
074 V020300     0.00
074 W000300   0.0000
074 X000300        3
074 Y000300     3496
075 A000300        0
075 B000300   125461
076  000300     0.00
015 A000401 BANK OF NEW YORK
015 B000401 C
015 C010401 NEW YORK
015 C020401 NY
015 C030401 10286
015 E010401 X
015 A000402 THE BANK OF BOSTON
015 B000402 S
015 C010402 BUENOS AIRES
015 D010402 ARGENTINA
015 E040402 X
015 A000403 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000403 S
015 C010403 MELBOURNE
015 D010403 AUSTRALIA
015 E040403 X
015 A000404 CREDITANSTALT-BANKVEREIN
015 B000404 S
015 C010404 VIENNA
015 D010404 AUSTRIA
015 E040404 X
015 A000405 STANDARD CHARTERED BANK PLC
015 B000405 S
015 C010405 DHAKA
015 D010405 BANGLADESH
015 E040405 X
015 A000406 BANQUE BRUXELLES LAMBERT
<PAGE>      PAGE  42
015 B000406 S
015 C010406 BRUSSELS
015 D010406 BELGIUM
015 E040406 X
015 A000407 STANBIC BANK BOTSWANA LIMITED
015 B000407 S
015 C010407 GABARONE
015 D010407 BOTSWANA
015 E040407 X
015 A000408 THE FIRST NATIONAL BANK OF BOSTON
015 B000408 S
015 C010408 SAO PAULO
015 D010408 BRAZIL
015 E040408 X
015 A000409 ROYAL BANK OF CANADA
015 B000409 S
015 C010409 MONTREAL
015 D010409 CANADA
015 E040409 X
015 A000410 THE FIRST NATIONAL BANK OF BOSTON
015 B000410 S
015 C010410 SANTIAGO
015 D010410 CHILE
015 E040410 X
015 A000411 BANCO DE CHILE
015 B000411 S
015 C010411 SANTIAGO
015 D010411 CHILE
015 E040411 X
015 A000412 THE STANDARD CHARTERED BANK, HONG KONG
015 B000412 S
015 C010412 HONG KONG
015 D010412 CHINA
015 E040412 X
015 A000413 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B000413 S
015 C010413 BOGOTA
015 D010413 COLOMBIA
015 E040413 X
015 A000414 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000414 S
015 C010414 PRAGUE
015 D010414 CZECH REPUBLIC
015 E040414 X
015 A000415 DEN DANSKE BANK
015 B000415 S
015 C010415 COPENHAGEN
015 D010415 DENMARK
015 E040415 X
015 A000416 CITIBANK, N.A.
015 B000416 S
<PAGE>      PAGE  43
015 C010416 QUITO
015 D010416 ECUADOR
015 E040416 X
015 A000417 CITIBANK, N.A.
015 B000417 S
015 C010417 CAIRO
015 D010417 EGYPT
015 E040417 X
015 A000418 MERITA BANK LTD.
015 B000418 S
015 C010418 HELSINKI
015 D010418 FINLAND
015 E040418 X
015 A000419 BANQUE PARIBAS
015 B000419 S
015 C010419 PARIS
015 D010419 FRANCE
015 E040419 X
015 A000420 CREDIT COMMERCIAL DE FRANCE
015 B000420 S
015 C010420 PARIS
015 D010420 FRANCE
015 E040420 X
015 A000421 DRESDNER BANK A.G.
015 B000421 S
015 C010421 FRANKFURT
015 D010421 GERMANY
015 E040421 X
015 A000422 MERCHANT BANK LIMITED
015 B000422 S
015 C010422 ACCRA
015 D010422 GHANA
015 E040422 X
015 A000423 NATIONAL BANK OF GREECE S.A.
015 B000423 S
015 C010423 ATHENS
015 D010423 GREECE
015 E040423 X
015 A000424 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000424 S
015 C010424 HONG KONG
015 D010424 HONG KONG
015 E040424 X
015 A000425 CITIBANK BUDAPEST RT.
015 B000425 S
015 C010425 BUDAPEST
015 D010425 HUNGARY
015 E040425 X
015 A000426 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000426 S
015 C010426 MUMBAI
<PAGE>      PAGE  44
015 D010426 INDIA
015 E040426 X
015 A000427 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000427 S
015 C010427 JAKARTA
015 D010427 INDONESIA
015 E040427 X
015 A000428 ALLIED IRISH BANKS, PLC
015 B000428 S
015 C010428 DUBLIN
015 D010428 IRELAND
015 E040428 X
015 A000429 BANK LEUMI LE-ISRAEL, B.M.
015 B000429 S
015 C010429 TEL AVIV
015 D010429 ISRAEL
015 E040429 X
015 A000430 BANCA COMMERCIALE ITALIANA
015 B000430 S
015 C010430 MILAN
015 D010430 ITALY
015 E040430 X
015 A000431 BANQUE PARIBAS
015 B000431 S
015 C010431 MILAN
015 D010431 ITALY
015 E040431 X
015 A000432 JASDEC
015 B000432 S
015 C010432 TOKYO
015 D010432 JAPAN
015 E040432 X
015 A000433 BANK OF TOKYO MITSUBISHI
015 B000433 S
015 C010433 TOKYO
015 D010433 JAPAN
015 E040433 X
015 A000434 THE BRITISH BANK OF THE MIDDLE EAST
015 B000434 S
015 C010434 AMMAN
015 D010434 JORDAN
015 E040434 X
015 A000435 STANBIC BANK KENYA LIMITED
015 B000435 S
015 C010435 NAIROBI
015 D010435 KENYA
015 E040435 X
015 A000436 CEDEL
015 B000436 S
015 C010436 LUXEMBOURG CITY
015 D010436 LUXEMBOURG
<PAGE>      PAGE  45
015 E040436 X
015 A000437 BANQUE INTERNATIONALE A LUXEMBOURG
015 B000437 S
015 C010437 LUXEMBOURG CITY
015 D010437 LUXEMBOURG
015 E040437 X
015 A000438 THE HONGKONG BANK MALAYSIA BERHAD
015 B000438 S
015 C010438 KUALA LUMPUR
015 D010438 MALAYSIA
015 E040438 X
015 A000439 BANCO NACIONAL DE MEXICO
015 B000439 S
015 C010439 MEXICO CITY
015 D010439 MEXICO
015 E040439 X
015 A000440 BANQUE COMMERCIALE DU MAROC
015 B000440 S
015 C010440 CASABLANCA
015 D010440 MOROCCO
015 E040440 X
015 A000441 STANBIC BANK NAMIBIA LIMITED
015 B000441 S
015 C010441 WINDHOEK
015 D010441 NAMIBIA
015 E040441 X
015 A000442 KAS-ASSOCIATIE NV
015 B000442 S
015 C010442 AMSTERDAM
015 D010442 NETHERLANDS
015 E040442 X
015 A000443 MEESPIERSON NV
015 B000443 S
015 C010443 AMSTERDAM
015 D010443 NETHERLANDS
015 E040443 X
015 A000444 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000444 S
015 C010444 WELLINGTON
015 D010444 NEW ZEALAND
015 E040444 X
015 A000445 STANBIC MERCHANT BANK NIGERIA LIMITED
015 B000445 S
015 C010445 LAGOS
015 D010445 NIGERIA
015 E040445 X
015 A000446 DEN NORSKE BANK
015 B000446 S
015 C010446 OSLO
015 D010446 NORWAY
015 E040446 X
<PAGE>      PAGE  46
015 A000447 STANDARD CHARTERED BANK
015 B000447 S
015 C010447 KARACHI
015 D010447 PAKISTAN
015 E040447 X
015 A000448 CITIBANK, N.A.
015 B000448 S
015 C010448 LIMA
015 D010448 PERU
015 E040448 X
015 A000449 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000449 S
015 C010449 MANILA
015 D010449 PHILIPPINES
015 E040449 X
015 A000450 BANK HANDLOWY W. WARZAWIE, S.A.
015 B000450 S
015 C010450 WARSAW
015 D010450 POLAND
015 E040450 X
015 A000451 BANCO COMERCIAL PORTUGUES
015 B000451 S
015 C010451 LISBON
015 D010451 PORTUGAL
015 E040451 X
015 A000452 UNITED OVERSEAS BANK LIMITED
015 B000452 S
015 C010452 SINGAPORE
015 D010452 SINGAPORE
015 E040452 X
015 A000453 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B000453 S
015 C010453 SINGAPORE
015 D010453 SINGAPORE
015 E040453 X
015 A000454 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000454 S
015 C010454 BRATISLAVA
015 D010454 SLOVAK REPUBLIC
015 E040454 X
015 A000455 STANDARD CORPORATE AND MERCHANT BANK
015 B000455 S
015 C010455 JOHANNESBURG
015 D010455 SOUTH AFRICA
015 E040455 X
015 A000456 SEOULBANK
015 B000456 S
015 C010456 SEOUL
015 D010456 SOUTH KOREA
015 E040456 X
015 A000457 BANCO BILBAO VIZCAYA
<PAGE>      PAGE  47
015 B000457 S
015 C010457 MADRID
015 D010457 SPAIN
015 E040457 X
015 A000458 STANDARD CHARTERED BANK
015 B000458 S
015 C010458 COLOMBO
015 D010458 SRI LANKA
015 E040458 X
015 A000459 STANBIC BANK SWAZILAND LTD.
015 B000459 S
015 C010459 MBABANE
015 D010459 SWAZILAND
015 E040459 X
015 A000460 SKANDINAVISKA ENSKILDA BANKEN
015 B000460 S
015 C010460 STOCKHOLM
015 D010460 SWEDEN
015 E040460 X
015 A000461 UNION BANK OF SWITZERLAND
015 B000461 S
015 C010461 ZURICH
015 D010461 SWITZERLAND
015 E040461 X
015 A000462 BANK LEU LTD.
015 B000462 S
015 C010462 ZURICH
015 D010462 SWITZERLAND
015 E040462 X
015 A000463 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000463 S
015 C010463 TAIPEI
015 D010463 TAIWAN
015 E040463 X
015 A000464 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LTD.
015 B000464 S
015 C010464 BANGKOK
015 D010464 THAILAND
015 E040464 X
015 A000465 BANGKOK BANK PUBLIC COMPANY LTD.
015 B000465 S
015 C010465 BANGKOK
015 D010465 THAILAND
015 E040465 X
015 A000466 CITIBANK, N.A.
015 B000466 S
015 C010466 ISTANBUL
015 D010466 TURKEY
015 E040466 X
015 A000467 THE BANK OF NEW YORK
015 B000467 S
<PAGE>      PAGE  48
015 C010467 LONDON
015 D010467 UNITED KINGDOM
015 E040467 X
015 A000468 FIRST CHICAGO CLEARING CENTRE
015 B000468 S
015 C010468 LONDON
015 D010468 UNITED KINGDOM
015 E040468 X
015 A000469 THE FIRST NATIONAL BANK OF BOSTON
015 B000469 S
015 C010469 MONTEVIDEO
015 D010469 URUGUAY
015 E040469 X
015 A000470 CITIBANK, N.A.
015 B000470 S
015 C010470 CARACAS
015 D010470 VENEZUELA
015 E040470 X
015 A000471 STANBIC BANK ZAMBIA LIMITED
015 B000471 S
015 C010471 LUSAKA
015 D010471 ZAMBIA
015 E040471 X
015 A000472 STANBIC BANK ZIMBABWE LIMITED
015 B000472 S
015 C010472 HARARE
015 D010472 ZIMBABWE
015 E040472 X
024  000400 N
028 A010400      3062
028 A020400         0
028 A030400         0
028 A040400      5251
028 B010400      5860
028 B020400         0
028 B030400         0
028 B040400      2524
028 C010400      9359
028 C020400       377
028 C030400         0
028 C040400      2322
028 D010400     11081
028 D020400         0
028 D030400         0
028 D040400      2926
028 E010400      8594
028 E020400         0
028 E030400         0
028 E040400      4560
028 F010400     14587
028 F020400         0
<PAGE>      PAGE  49
028 F030400         0
028 F040400      5618
028 G010400     52543
028 G020400       377
028 G030400         0
028 G040400     23201
028 H000400         0
045  000400 Y
046  000400 N
047  000400 Y
048  000400  0.000
048 A010400   100000
048 A020400 0.625
048 B010400   150000
048 B020400 0.500
048 C010400  9750000
048 C020400 0.450
048 D010400  2500000
048 D020400 0.440
048 E010400  2500000
048 E020400 0.420
048 F010400        0
048 F020400 0.000
048 G010400        0
048 G020400 0.000
048 H010400        0
048 H020400 0.000
048 I010400        0
048 I020400 0.000
048 J010400        0
048 J020400 0.000
048 K010400 15000000
048 K020400 0.400
049  000400 N
050  000400 N
051  000400 N
052  000400 N
053 A000400 N
054 A000400 Y
054 B000400 Y
054 C000400 Y
054 D000400 N
054 E000400 N
054 F000400 N
054 G000400 Y
054 H000400 Y
054 I000400 N
054 J000400 Y
054 K000400 N
054 L000400 Y
054 M000400 Y
<PAGE>      PAGE  50
054 N000400 N
054 O000400 N
055 A000400 N
055 B000400 N
056  000400 N
057  000400 N
058 A000400 Y
058 B000400 Y
058 C000400 Y
058 D000400 Y
058 E000400 N
059  000400 Y
060 A000400 Y
060 B000400 Y
061  000400     2000
062 A000400 N
062 B000400   0.0
062 C000400   0.0
062 D000400   0.0
062 E000400   0.0
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
062 J000400   0.0
062 K000400   0.0
062 L000400   0.0
062 M000400   0.0
062 N000400   0.0
062 O000400   0.0
062 P000400   0.0
062 Q000400   0.0
062 R000400   0.0
063 A000400   0
063 B000400  0.0
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 N
066 E000400 Y
066 F000400 N
066 G000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
<PAGE>      PAGE  51
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 Y
070 K010400 N
070 K020400 N
070 L010400 Y
070 L020400 N
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 N
070 O020400 N
070 P010400 Y
070 P020400 Y
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400     60858
071 B000400     23484
071 C000400    227454
071 D000400   10
072 A000400 12
072 B000400     1026
072 C000400    11996
072 D000400        0
072 E000400        0
072 F000400     1336
072 G000400        0
072 H000400        0
072 I000400        0
072 J000400        5
072 K000400       17
072 L000400       12
072 M000400        2
072 N000400        0
072 O000400        0
072 P000400        0
<PAGE>      PAGE  52
072 Q000400        0
072 R000400        7
072 S000400        2
072 T000400        0
072 U000400        0
072 V000400        0
072 W000400        3
072 X000400     1384
072 Y000400        0
072 Z000400    11638
072AA000400     5488
072BB000400       28
072CC010400    57769
072CC020400        0
072DD010400     9714
072DD020400        0
072EE000400        0
073 A010400   0.7770
073 A020400   0.0000
073 B000400   0.0000
073 C000400   0.0000
074 A000400        0
074 B000400    23119
074 C000400        0
074 D000400     1937
074 E000400     1190
074 F000400   295716
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400        0
074 K000400        0
074 L000400     2219
074 M000400        0
074 N000400   324181
074 O000400      221
074 P000400      136
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400     1103
074 S000400        0
074 T000400   322721
074 U010400    14568
074 U020400        0
074 V010400    22.15
074 V020400     0.00
074 W000400   0.0000
074 X000400        3
074 Y000400     8456
<PAGE>      PAGE  53
075 A000400        0
075 B000400   242249
076  000400     0.00
015 A000501 BANK OF NEW YORK
015 B000501 C
015 C010501 NEW YORK
015 C020501 NY
015 C030501 10286
015 E010501 X
015 A000502 THE BANK OF BOSTON
015 B000502 S
015 C010502 BUENOS AIRES
015 D010502 ARGENTINA
015 E040502 X
015 A000503 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000503 S
015 C010503 MELBOURNE
015 D010503 AUSTRALIA
015 E040503 X
015 A000504 CREDITANSTALT-BANKVEREIN
015 B000504 S
015 C010504 VIENNA
015 D010504 AUSTRIA
015 E040504 X
015 A000505 STANDARD CHARTERED BANK PLC
015 B000505 S
015 C010505 DHAKA
015 D010505 BANGLADESH
015 E040505 X
015 A000506 BANQUE BRUXELLES LAMBERT
015 B000506 S
015 C010506 BRUSSELS
015 D010506 BELGIUM
015 E040506 X
015 A000507 STANBIC BANK BOTSWANA LIMITED
015 B000507 S
015 C010507 GABORONE
015 D010507 BOTSWANA
015 E040507 X
015 A000508 THE FIRST NATIONAL BANK OF BOSTON
015 B000508 S
015 C010508 SAO PAULO
015 D010508 BRAZIL
015 E040508 X
015 A000509 ROYAL BANK OF CANADA
015 B000509 S
015 C010509 MONTREAL
015 D010509 CANADA
015 E040509 X
015 A000510 THE FIRST NATIONAL BANK OF BOSTON
015 B000510 S
<PAGE>      PAGE  54
015 C010510 SANTIAGO
015 D010510 CHILE
015 E040510 X
015 A000511 BANCO DE CHILE
015 B000511 S
015 C010511 SANTIAGO
015 D010511 CHILE
015 E040511 X
015 A000512 THE STANDARD CHARTERED BANK, HONG KONG
015 B000512 S
015 C010512 HONG KONG
015 D010512 CHINA
015 E040512 X
015 A000513 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B000513 S
015 C010513 BOGOTA
015 D010513 COLOMBIA
015 E040513 X
015 A000514 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000514 S
015 C010514 PRAGUE
015 D010514 CZECH REPUBLIC
015 E040514 X
015 A000515 DEN DANSKE BANK
015 B000515 S
015 C010515 COPENHAGEN
015 D010515 DENMARK
015 E040515 X
015 A000516 CITIBANK, N.A.
015 B000516 S
015 C010516 QUITO
015 D010516 ECUADOR
015 E040516 X
015 A000517 CITIBANK, N.A.
015 B000517 S
015 C010517 CAIRO
015 D010517 EGYPT
015 E040517 X
015 A000518 MERITA BANK LTD.
015 B000518 S
015 C010518 HELSINKI
015 D010518 FINLAND
015 E040518 X
015 A000519 BANQUE PARIBAS
015 B000519 S
015 C010519 PARIS
015 D010519 FRANCE
015 E040519 X
015 A000520 CREDIT COMMERCIAL DE FRANCE
015 B000520 S
015 C010520 PARIS
<PAGE>      PAGE  55
015 D010520 FRANCE
015 E040520 X
015 A000521 DRESDNER BANK A.G.
015 B000521 S
015 C010521 FRANKFURT
015 D010521 GERMANY
015 E040521 X
015 A000522 MERCHANT BANK LIMITED
015 B000522 S
015 C010522 ACCRA
015 D010522 GHANA
015 E040522 X
015 A000523 NATIONAL BANK OF GREECE S.A.
015 B000523 S
015 C010523 ATHENS
015 D010523 GREECE
015 E040523 X
015 A000524 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000524 S
015 C010524 HONG KONG
015 D010524 HONG KONG
015 E040524 X
015 A000525 CITIBANK BUDAPEST RT.
015 B000525 S
015 C010525 BUDAPEST
015 D010525 HUNGARY
015 E040525 X
015 A000526 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000526 S
015 C010526 MUMBAI
015 D010526 INDIA
015 E040526 X
015 A000527 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000527 S
015 C010527 JAKARTA
015 D010527 INDONESIA
015 E040527 X
015 A000528 ALLIED IRISH BANKS, PLC
015 B000528 S
015 C010528 DUBLIN
015 D010528 IRELAND
015 E040528 X
015 A000529 BANK LEUMI LE-ISRAEL B.M.
015 B000529 S
015 C010529 TEL AVIV
015 D010529 ISRAEL
015 E040529 X
015 A000530 BANCA COMMERCIALE ITALIANA
015 B000530 S
015 C010530 MILAN
015 D010530 ITALY
<PAGE>      PAGE  56
015 E040530 X
015 A000531 BANQUE PARIBAS
015 B000531 S
015 C010531 MILAN
015 D010531 ITALY
015 E040531 X
015 A000532 JASDEC
015 B000532 S
015 C010532 TOKYO
015 D010532 JAPAN
015 E040532 X
015 A000533 BANK OF TOKYO MITSUBISHI
015 B000533 S
015 C010533 TOKYO
015 D010533 JAPAN
015 E040533 X
015 A000534 THE BRITISH BANK OF THE MIDDLE EAST
015 B000534 S
015 C010534 AMMAN
015 D010534 JORDAN
015 E040534 X
015 A000535 STANBIC BANK KENYA LIMITED
015 B000535 S
015 C010535 NAIROBI
015 D010535 KENYA
015 E040535 X
015 A000536 CEDEL
015 B000536 S
015 C010536 LUXEMBOURG CITY
015 D010536 LUXEMBOURG
015 E040536 X
015 A000537 BANQUE INTERNATIONALE A LUXEMBOURG
015 B000537 S
015 C010537 LUXEMBOURG CITY
015 D010537 LUXEMBOURG
015 E040537 X
015 A000538 THE HONGKONG BANK MALAYSIA BERHAD
015 B000538 S
015 C010538 KUALA LUMPUR
015 D010538 MALAYSIA
015 E040538 X
015 A000539 BANCO NACIONAL DE MEXICO
015 B000539 S
015 C010539 MEXICO CITY
015 D010539 MEXICO
015 E040539 X
015 A000540 BANQUE COMMERCIALE DU MAROC
015 B000540 S
015 C010540 CASABLANCA
015 D010540 MOROCCO
015 E040540 X
<PAGE>      PAGE  57
015 A000541 STANBIC BANK NAMIBIA LIMITED
015 B000541 S
015 C010541 WINDHOEK
015 D010541 NAMIBIA
015 E040541 X
015 A000542 KAS-ASSOCIATIE NV
015 B000542 S
015 C010542 AMSTERDAM
015 D010542 NETHERLANDS
015 E040542 X
015 A000543 MEESPIERSON NV
015 B000543 S
015 C010543 AMSTERDAM
015 D010543 NETHERLANDS
015 E040543 X
015 A000544 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000544 S
015 C010544 WELLINGTON
015 D010544 NEW ZEALAND
015 E040544 X
015 A000545 STANBIC MERCHANT BANK NIGERIA LIMITED
015 B000545 S
015 C010545 LAGOS
015 D010545 NIGERIA
015 E040545 X
015 A000546 DEN NORSKE BANK
015 B000546 S
015 C010546 OSLO
015 D010546 NORWAY
015 E040546 X
015 A000547 STANDARD CHARTERED BANK
015 B000547 S
015 C010547 KARACHI
015 D010547 PAKISTAN
015 E040547 X
015 A000548 CITIBANK, N.A.
015 B000548 S
015 C010548 LIMA
015 D010548 PERU
015 E040548 X
015 A000549 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000549 S
015 C010549 MANILA
015 D010549 PHILIPPINES
015 E040549 X
015 A000550 BANK HANDLOWY W. WARZAWIE, S.A.
015 B000550 S
015 C010550 WARSAW
015 D010550 POLAND
015 E040550 X
015 A000551 BANCO COMERCIAL PORTUGUES
<PAGE>      PAGE  58
015 B000551 S
015 C010551 LISBON
015 D010551 PORTUGAL
015 E040551 X
015 A000552 UNITED OVERSEAS BANK LIMITED
015 B000552 S
015 C010552 SINGAPORE
015 D010552 SINGAPORE
015 E040552 X
015 A000553 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B000553 S
015 C010553 SINGAPORE
015 D010553 SINGAPORE
015 E040553 X
015 A000554 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000554 S
015 C010554 BRATISLAVA
015 D010554 SLOVAK REPUBLIC
015 E040554 X
015 A000555 STANDARD CORPORATE AND MERCHANT BANK
015 B000555 S
015 C010555 JOHANNESBURG
015 D010555 SOUTH AFRICA
015 E040555 X
015 A000556 SEOULBANK
015 B000556 S
015 C010556 SEOUL
015 D010556 SOUTH KOREA
015 E040556 X
015 A000557 BANCO BILBAO VIZCAYA
015 B000557 S
015 C010557 MADRID
015 D010557 SPAIN
015 E040557 X
015 A000558 STANDARD CHARTERED BANK
015 B000558 S
015 C010558 COLOMBO
015 D010558 SRI LANKA
015 E040558 X
015 A000559 STANBIC BANK SWAZILAND LTD.
015 B000559 S
015 C010559 MBABANE
015 D010559 SWAZILAND
015 E040559 X
015 A000560 SKANDINAVISKA ENSKILDA BANKEN
015 B000560 S
015 C010560 STOCKHOLM
015 D010560 SWEDEN
015 E040560 X
015 A000561 UNION BANK OF SWITZERLAND
015 B000561 S
<PAGE>      PAGE  59
015 C010561 ZURICH
015 D010561 SWITZERLAND
015 E040561 X
015 A000562 BANK LEU LTD.
015 B000562 S
015 C010562 ZURICH
015 D010562 SWITZERLAND
015 E040562 X
015 A000563 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000563 S
015 C010563 TAIPEI
015 D010563 TAIWAN
015 E040563 X
015 A000564 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LTD.
015 B000564 S
015 C010564 BANGKOK
015 D010564 THAILAND
015 E040564 X
015 A000565 BANGKOK BANK PUBLIC COMPANY LTD.
015 B000565 S
015 C010565 BANGKOK
015 D010565 THAILAND
015 E040565 X
015 A000566 CITIBANK, N.A.
015 B000566 S
015 C010566 ISTANBUL
015 D010566 TURKEY
015 E040566 X
015 A000567 THE BANK OF NEW YORK
015 B000567 S
015 C010567 LONDON
015 D010567 UNITED KINGDOM
015 E040567 X
015 A000568 FIRST CHICAGO CLEARING CENTRE
015 B000568 S
015 C010568 LONDON
015 D010568 UNITED KINGDOM
015 E040568 X
015 A000569 THE FIRST NATIONAL BANK OF BOSTON
015 B000569 S
015 C010569 MONTEVIDEO
015 D010569 URUGUAY
015 E040569 X
015 A000570 CITIBANK, N.A.
015 B000570 S
015 C010570 CARACAS
015 D010570 VENEZUELA
015 E040570 X
015 A000571 STANBIC BANK ZAMBIA LIMITED
015 B000571 S
015 C010571 LUSAKA
<PAGE>      PAGE  60
015 D010571 ZAMBIA
015 E040571 X
015 A000572 STANBIC BANK ZIMBABWE LIMITED
015 B000572 S
015 C010572 HARARE
015 D010572 ZIMBABWE
015 E040572 X
024  000500 N
028 A010500      6267
028 A020500         0
028 A030500         0
028 A040500     34435
028 B010500      5987
028 B020500         0
028 B030500         0
028 B040500     26064
028 C010500      4446
028 C020500         0
028 C030500         0
028 C040500     23369
028 D010500      3204
028 D020500         0
028 D030500         0
028 D040500     34033
028 E010500      3385
028 E020500         0
028 E030500         0
028 E040500     33330
028 F010500      5476
028 F020500         0
028 F030500         0
028 F040500     30413
028 G010500     28765
028 G020500         0
028 G030500         0
028 G040500    181644
028 H000500         0
045  000500 Y
046  000500 N
047  000500 Y
048  000500  0.000
048 A010500   100000
048 A020500 0.625
048 B010500   150000
048 B020500 0.500
048 C010500  9750000
048 C020500 0.450
048 D010500  2500000
048 D020500 0.440
048 E010500  2500000
048 E020500 0.420
<PAGE>      PAGE  61
048 F010500        0
048 F020500 0.000
048 G010500        0
048 G020500 0.000
048 H010500        0
048 H020500 0.000
048 I010500        0
048 I020500 0.000
048 J010500        0
048 J020500 0.000
048 K010500 15000000
048 K020500 0.400
049  000500 N
050  000500 N
051  000500 N
052  000500 N
053 A000500 N
054 A000500 Y
054 B000500 Y
054 C000500 Y
054 D000500 N
054 E000500 N
054 F000500 N
054 G000500 Y
054 H000500 Y
054 I000500 N
054 J000500 Y
054 K000500 N
054 L000500 Y
054 M000500 Y
054 N000500 N
054 O000500 N
055 A000500 N
055 B000500 N
056  000500 N
057  000500 N
058 A000500 Y
058 B000500 Y
058 C000500 Y
058 D000500 Y
058 E000500 N
059  000500 Y
060 A000500 Y
060 B000500 Y
061  000500     2000
062 A000500 N
062 B000500   0.0
062 C000500   0.0
062 D000500   0.0
062 E000500   0.0
062 F000500   0.0
<PAGE>      PAGE  62
062 G000500   0.0
062 H000500   0.0
062 I000500   0.0
062 J000500   0.0
062 K000500   0.0
062 L000500   0.0
062 M000500   0.0
062 N000500   0.0
062 O000500   0.0
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
063 A000500   0
063 B000500  0.0
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 N
066 E000500 Y
066 F000500 N
066 G000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 Y
070 K010500 N
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 Y
<PAGE>      PAGE  63
070 N010500 Y
070 N020500 N
070 O010500 N
070 O020500 N
070 P010500 Y
070 P020500 Y
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500    375684
071 B000500    515673
071 C000500   1265269
071 D000500   30
072 A000500 12
072 B000500     1627
072 C000500    59257
072 D000500        0
072 E000500        0
072 F000500     6098
072 G000500        0
072 H000500        0
072 I000500        0
072 J000500       90
072 K000500       97
072 L000500       66
072 M000500        9
072 N000500       10
072 O000500        0
072 P000500        0
072 Q000500        0
072 R000500       34
072 S000500        9
072 T000500        0
072 U000500        0
072 V000500        0
072 W000500       17
072 X000500     6430
072 Y000500        0
072 Z000500    54454
072AA000500   101147
072BB000500    18544
072CC010500        0
072CC020500    53557
072DD010500    65540
072DD020500        0
072EE000500        0
073 A010500   0.9153
073 A020500   0.0000
073 B000500   0.0000
073 C000500   0.0000
<PAGE>      PAGE  64
074 A000500        0
074 B000500    16475
074 C000500        0
074 D000500        0
074 E000500     9840
074 F000500  1174710
074 G000500        0
074 H000500        0
074 I000500        0
074 J000500       57
074 K000500        0
074 L000500     3077
074 M000500        0
074 N000500  1204159
074 O000500        0
074 P000500      480
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500     1389
074 S000500        0
074 T000500  1202290
074 U010500    66145
074 U020500        0
074 V010500    18.18
074 V020500     0.00
074 W000500   0.0000
074 X000500        3
074 Y000500        0
075 A000500        0
075 B000500  1295673
076  000500     0.00
015 A000601 BANK OF NEW YORK
015 B000601 C
015 C010601 NEW YORK
015 C020601 NY
015 C030601 10286
015 E010601 X
015 A000602 THE BANK OF BOSTON
015 B000602 S
015 C010602 BUENOS AIRES
015 D010602 ARGENTINA
015 E040602 X
015 A000603 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000603 S
015 C010603 MELBOURNE
015 D010603 AUSTRALIA
015 E040603 X
015 A000604 CREDITANSTALT-BANKVEREIN
015 B000604 S
<PAGE>      PAGE  65
015 C010604 VIENNA
015 D010604 AUSTRIA
015 E040604 X
015 A000605 STANDARD CHARTERED BANK PLC
015 B000605 S
015 C010605 DHAKA
015 D010605 BANGLADESH
015 E040605 X
015 A000606 BANQUE BRUXELLES LAMBERT
015 B000606 S
015 C010606 BRUSSELS
015 D010606 BELGUIM
015 E040606 X
015 A000607 STANBIC BANK BOTSWANA LIMITED
015 B000607 S
015 C010607 GABORONE
015 D010607 BOTSWANA
015 E040607 X
015 A000608 THE FIRST NATIONAL BANK OF BOSTON
015 B000608 S
015 C010608 SAO PAULO
015 D010608 BRAZIL
015 E040608 X
015 A000609 ROYAL BANK OF CANADA
015 B000609 S
015 C010609 MONTREAL
015 D010609 CANADA
015 E040609 X
015 A000610 THE FIRST NATIONAL BANK OF BOSTON
015 B000610 S
015 C010610 SANTIAGO
015 D010610 CHILE
015 E040610 X
015 A000611 BANCO DE CHILE
015 B000611 S
015 C010611 SANTIAGO
015 D010611 CHILE
015 E040611 X
015 A000612 THE STANDARD CHARTERED BANK, HONG KONG
015 B000612 S
015 C010612 HONG KONG
015 D010612 CHINA
015 E040612 X
015 A000613 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B000613 S
015 C010613 BOGOTA
015 D010613 COLOMBIA
015 E040613 X
015 A000614 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B000614 S
015 C010614 PRAGUE
<PAGE>      PAGE  66
015 D010614 CZECH REPUBLIC
015 E040614 X
015 A000615 DEN DANSKE BANK
015 B000615 S
015 C010615 COPENHAGEN
015 D010615 DENMARK
015 E040615 X
015 A000616 CITIBANK, N.A.
015 B000616 S
015 C010616 QUITO
015 D010616 ECUADOR
015 E040616 X
015 A000617 CITIBANK, N.A.
015 B000617 S
015 C010617 CAIRO
015 D010617 EGYPT
015 E040617 X
015 A000618 MERITA BANK LTD.
015 B000618 S
015 C010618 HELSINKI
015 D010618 FINLAND
015 E040618 X
015 A000619 BANQUE PARIBAS
015 B000619 S
015 C010619 PARIS
015 D010619 FRANCE
015 E040619 X
015 A000620 CREDIT COMMERCIAL DE FRANCE
015 B000620 S
015 C010620 PARIS
015 D010620 FRANCE
015 E040620 X
015 A000621 DRESDNER BANK A.G.
015 B000621 S
015 C010621 FRANKFURT
015 D010621 GERMANY
015 E040621 X
015 A000622 MERCHANT BANK LIMITED
015 B000622 S
015 C010622 ACCRA
015 D010622 GHANA
015 E040622 X
015 A000623 NATIONAL BANK OF GREECE S.A.
015 B000623 S
015 C010623 ATHENS
015 D010623 GREECE
015 E040623 X
015 A000624 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000624 S
015 C010624 HONG KONG
015 D010624 HONG KONG
<PAGE>      PAGE  67
015 E040624 X
015 A000625 CITIBANK BUDAPEST RT.
015 B000625 S
015 C010625 BUDAPEST
015 D010625 HUNGARY
015 E040625 X
015 A000626 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000626 S
015 C010626 MUMBAI
015 D010626 INDIA
015 E040626 X
015 A000627 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000627 S
015 C010627 JAKARTA
015 D010627 INDONESIA
015 E040627 X
015 A000628 ALLIED IRISH BANKS, PLC
015 B000628 S
015 C010628 DUBLIN
015 D010628 IRELAND
015 E040628 X
015 A000629 BANK LEUMI LE-ISRAEL, B.M.
015 B000629 S
015 C010629 TEL AVIV
015 D010629 ISRAEL
015 E040629 X
015 A000630 BANCA COMMERCIALE ITALIANA
015 B000630 S
015 C010630 MILAN
015 D010630 ITALY
015 E040630 X
015 A000631 BANQUE PARIBAS
015 B000631 S
015 C010631 MILAN
015 D010631 ITALY
015 E040631 X
015 A000632 JASDEC
015 B000632 S
015 C010632 TOKYO
015 D010632 JAPAN
015 E040632 X
015 A000633 BANK OF TOKYO MITSUBISHI
015 B000633 S
015 C010633 TOKYO
015 D010633 JAPAN
015 E040633 X
015 A000634 THE BRITISH BANK OF THE MIDDLE EAST
015 B000634 S
015 C010634 AMMAN
015 D010634 JORDAN
015 E040634 X
<PAGE>      PAGE  68
015 A000635 STANBIC BANK KENYA LIMITED
015 B000635 S
015 C010635 NAIROBI
015 D010635 KENYA
015 E040635 X
015 A000636 CEDEL
015 B000636 S
015 C010636 LUXEMBOURG CITY
015 D010636 LUXEMBOURG
015 E040636 X
015 A000637 BANQUE INTERNATIONALE A LUXEMBOURG
015 B000637 S
015 C010637 LUXEMBOURG CITY
015 D010637 LUXEMBOURG
015 E040637 X
015 A000638 THE HONGKONG BANK MALAYSIA BERHAD
015 B000638 S
015 C010638 KUALA LUMPUR
015 D010638 MALAYSIA
015 E040638 X
015 A000639 BANCO NACIONAL DE MEXICO
015 B000639 S
015 C010639 MEXICO CITY
015 D010639 MEXICO
015 E040639 X
015 A000640 BANQUE COMMERCIALE DU MAROC
015 B000640 S
015 C010640 CASABLANCA
015 D010640 MOROCCO
015 E040640 X
015 A000641 STANBIC BANK NAMIBIA LIMITED
015 B000641 S
015 C010641 WINDHOEK
015 D010641 NAMIBIA
015 E040641 X
015 A000642 KAS-ASSOCIATIE NV
015 B000642 S
015 C010642 AMSTERDAM
015 D010642 NETHERLANDS
015 E040642 X
015 A000643 MEESPIERSON NV
015 B000643 S
015 C010643 AMSTERDAM
015 D010643 NETHERLANDS
015 E040643 X
015 A000644 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000644 S
015 C010644 WELLINGTON
015 D010644 NEW ZEALAND
015 E040644 X
015 A000645 STANBIC MERCHANT BANK NIGERIA LIMITED
<PAGE>      PAGE  69
015 B000645 S
015 C010645 LAGOS
015 D010645 NIGERIA
015 E040645 X
015 A000646 DEN NORSKE BANK
015 B000646 S
015 C010646 OSLO
015 D010646 NORWAY
015 E040646 X
015 A000647 STANDARD CHARTERED BANK
015 B000647 S
015 C010647 KARACHI
015 D010647 PAKISTAN
015 E040647 X
015 A000648 CITIBANK, N.A.
015 B000648 S
015 C010648 LIMA
015 D010648 PERU
015 E040648 X
015 A000649 BANK HANDLOWY W. WARZAWIE, S.A.
015 B000649 S
015 C010649 WARSAW
015 D010649 POLAND
015 E040649 X
015 A000650 BANCO COMERCIAL PORTUGUES
015 B000650 S
015 C010650 LISBON
015 D010650 PORTUGAL
015 E040650 X
015 A000651 UNITED OVERSEAS BANK LIMITED
015 B000651 S
015 C010651 SINGAPORE
015 D010651 SINGAPORE
015 E040651 X
015 A000652 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B000652 S
015 C010652 SINGAPORE
015 D010652 SINGAPORE
015 E040652 X
015 A000653 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000653 S
015 C010653 BRATISLAVA
015 D010653 SLOVAK REPUBLIC
015 E040653 X
015 A000654 STANDARD CORPORATE AND MERCHANT BANK
015 B000654 S
015 C010654 JOHANNESBURG
015 D010654 SOUTH AFRICA
015 E040654 X
015 A000655 SEOULBANK
015 B000655 S
<PAGE>      PAGE  70
015 C010655 SEOUL
015 D010655 SOUTH KOREA
015 E040655 X
015 A000656 BANCO BILBAO VIZCAYA
015 B000656 S
015 C010656 MADRID
015 D010656 SPAIN
015 E040656 X
015 A000657 STANDARD CHARTERED BANK
015 B000657 S
015 C010657 COLOMBO
015 D010657 SRI LANKA
015 E040657 X
015 A000658 STANBIC BANK SWAZILAND LTD.
015 B000658 S
015 C010658 MBABANE
015 D010658 SWAZILAND
015 E040658 X
015 A000659 SKANDINAVISKA ENSKILDA BANKEN
015 B000659 S
015 C010659 STOCKHOLM
015 D010659 SWEDEN
015 E040659 X
015 A000660 UNION BANK OF SWITZERLAND
015 B000660 S
015 C010660 ZURICH
015 D010660 SWITZERLAND
015 E040660 X
015 A000661 BANK LEU LTD.
015 B000661 S
015 C010661 ZURICH
015 D010661 SWITZERLAND
015 E040661 X
015 A000662 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000662 S
015 C010662 TAIPEI
015 D010662 TAIWAN
015 E040662 X
015 A000663 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LTD.
015 B000663 S
015 C010663 BANGKOK
015 D010663 THAILAND
015 E040663 X
015 A000664 BANGKOK BANK PUBLIC COMPANY LTD.
015 B000664 S
015 C010664 BANGKOK
015 D010664 THAILAND
015 E040664 X
015 A000665 CITIBANK, N.A.
015 B000665 S
015 C010665 ISTANBUL
<PAGE>      PAGE  71
015 D010665 TURKEY
015 E040665 X
015 A000666 THE BANK OF NEW YORK
015 B000666 S
015 C010666 LONDON
015 D010666 UNITED KINGDOM
015 E040666 X
015 A000667 FIRST CHICAGO CLEARING CENTRE
015 B000667 S
015 C010667 LONDON
015 D010667 UNITED KINGDOM
015 E040667 X
015 A000668 THE FIRST NATIONAL BANK OF BOSTON
015 B000668 S
015 C010668 MONTEVIDEO
015 D010668 URUGUAY
015 E040668 X
015 A000669 CITIBANK, N.A.
015 B000669 S
015 C010669 CARACAS
015 D010669 VENEZUELA
015 E040669 X
015 A000670 STANBIC BANK ZAMBIA LIMITED
015 B000670 S
015 C010670 LUSAKA
015 D010670 ZAMBIA
015 E040670 X
015 A000671 STANBIC BANK ZIMBABWE LIMITED
015 B000671 S
015 C010671 HARARE
015 D010671 ZIMBABWE
015 E040671 X
015 A000672 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000672 S
015 C010672 MANILA
015 D010672 PHILIPPINES
015 E040672 X
024  000600 N
028 A010600     28301
028 A020600         0
028 A030600         0
028 A040600      9678
028 B010600     14971
028 B020600         0
028 B030600         0
028 B040600      6514
028 C010600     15925
028 C020600         0
028 C030600         0
028 C040600      7111
028 D010600     11935
<PAGE>      PAGE  72
028 D020600         0
028 D030600         0
028 D040600     37445
028 E010600     13075
028 E020600         0
028 E030600         0
028 E040600     11190
028 F010600     39976
028 F020600         0
028 F030600         0
028 F040600     11038
028 G010600    124183
028 G020600         0
028 G030600         0
028 G040600     82976
028 H000600         0
045  000600 Y
046  000600 N
047  000600 Y
048  000600  0.000
048 A010600   100000
048 A020600 0.625
048 B010600   150000
048 B020600 0.500
048 C010600  9750000
048 C020600 0.450
048 D010600  2500000
048 D020600 0.440
048 E010600  2500000
048 E020600 0.420
048 F010600        0
048 F020600 0.000
048 G010600        0
048 G020600 0.000
048 H010600        0
048 H020600 0.000
048 I010600        0
048 I020600 0.000
048 J010600        0
048 J020600 0.000
048 K010600 15000000
048 K020600 0.400
049  000600 N
050  000600 N
051  000600 N
052  000600 N
053 A000600 N
054 A000600 Y
054 B000600 Y
054 C000600 Y
054 D000600 N
<PAGE>      PAGE  73
054 E000600 N
054 F000600 N
054 G000600 Y
054 H000600 Y
054 I000600 N
054 J000600 Y
054 K000600 N
054 L000600 Y
054 M000600 Y
054 N000600 N
054 O000600 N
055 A000600 Y
055 B000600 N
056  000600 N
057  000600 N
058 A000600 Y
058 B000600 Y
058 C000600 Y
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   3.0
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
062 N000600   0.0
062 O000600   0.0
062 P000600  91.9
062 Q000600   0.0
062 R000600   3.4
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
<PAGE>      PAGE  74
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 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600    157706
071 B000600     99366
071 C000600    365866
071 D000600   27
072 A000600 12
072 B000600    37434
072 C000600     1643
072 D000600        0
072 E000600        0
072 F000600     1986
072 G000600        0
072 H000600        0
072 I000600        0
072 J000600       11
072 K000600       28
<PAGE>      PAGE  75
072 L000600       19
072 M000600        3
072 N000600        0
072 O000600        0
072 P000600        0
072 Q000600        0
072 R000600        9
072 S000600        3
072 T000600        0
072 U000600        0
072 V000600        0
072 W000600        9
072 X000600     2068
072 Y000600        0
072 Z000600    37009
072AA000600     4998
072BB000600     3787
072CC010600    13294
072CC020600        0
072DD010600    31018
072DD020600        0
072EE000600     1647
073 A010600   1.2000
073 A020600   0.0000
073 B000600   0.0637
073 C000600   0.0000
074 A000600       79
074 B000600    13463
074 C000600        0
074 D000600   409841
074 E000600    14750
074 F000600      352
074 G000600        0
074 H000600        0
074 I000600        0
074 J000600        0
074 K000600        0
074 L000600     7813
074 M000600        0
074 N000600   446298
074 O000600        0
074 P000600      188
074 Q000600        0
074 R010600        0
074 R020600        0
074 R030600        0
074 R040600       14
074 S000600        0
074 T000600   446096
074 U010600    31511
074 U020600        0
<PAGE>      PAGE  76
074 V010600    14.16
074 V020600     0.00
074 W000600   0.0000
074 X000600        3
074 Y000600     4300
075 A000600        0
075 B000600   384480
076  000600     0.00
015 A000701 BANK OF NEW YORK
015 B000701 C
015 C010701 NEW YORK
015 C020701 NY
015 C030701 10286
015 E010701 X
015 A000702 THE BANK OF BOSTON
015 B000702 S
015 C010702 BUENOS AIRES
015 D010702 ARGENTINA
015 E040702 X
015 A000703 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000703 S
015 C010703 MELBOURNE
015 D010703 AUSTRALIA
015 E040703 X
015 A000704 CREDITANSTALT-BANKVEREIN
015 B000704 S
015 C010704 VIENNA
015 D010704 AUSTRIA
015 E040704 X
015 A000705 STANDARD CHARTERED BANK PLC
015 B000705 S
015 C010705 DHAKA
015 D010705 BANGLADESH
015 E040705 X
015 A000706 BANQUE BRUXELLES LAMBERT
015 B000706 S
015 C010706 BRUSSELS
015 D010706 BELGIUM
015 E040706 X
015 A000707 STANBIC BANK BOTSWANA LIMITED
015 B000707 S
015 C010707 GABORONE
015 D010707 BOTSWANA
015 E040707 X
015 A000708 THE FIRST NATIONAL BANK OF BOSTON
015 B000708 S
015 C010708 SAO PAULO
015 D010708 BRAZIL
015 E040708 X
015 A000709 ROYAL BANK OF CANADA
015 B000709 S
<PAGE>      PAGE  77
015 C010709 MONTREAL
015 D010709 CANADA
015 E040709 X
015 A000710 THE FIRST NATIONAL BANK OF BOSTON
015 B000710 S
015 C010710 SANTIAGO
015 D010710 CHILE
015 E040710 X
015 A000711 BANCO DE CHILE
015 B000711 S
015 C010711 SANTIAGO
015 D010711 CHILE
015 E040711 X
015 A000712 THE STANDARD CHARTERED BANK, HONG KONG
015 B000712 S
015 C010712 HONG KONG
015 D010712 CHINA
015 E040712 X
015 A000713 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B000713 S
015 C010713 BOGOTA
015 D010713 COLOMBIA
015 E040713 X
015 A000714 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000714 S
015 C010714 PRAGUE
015 D010714 CZECH REPUBLIC
015 E040714 X
015 A000715 DEN DANSKE BANK
015 B000715 S
015 C010715 COPENHAGEN
015 D010715 DENMARK
015 E040715 X
015 A000716 CITIBANK, N.A.
015 B000716 S
015 C010716 QUITO
015 D010716 ECUADOR
015 E040716 X
015 A000717 CITIBANK, N.A.
015 B000717 S
015 C010717 CAIRO
015 D010717 EGYPT
015 E040717 X
015 A000718 MERITA BANK LTD.
015 B000718 S
015 C010718 HELSINKI
015 D010718 FINLAND
015 E040718 X
015 A000719 BANQUE PARIBAS
015 B000719 S
015 C010719 PARIS
<PAGE>      PAGE  78
015 D010719 FRANCE
015 E040719 X
015 A000720 CREDIT COMMERCIAL DE FRANCE
015 B000720 S
015 C010720 PARIS
015 D010720 FRANCE
015 E040720 X
015 A000721 DRESDNER BANK A.G.
015 B000721 S
015 C010721 FRANKFURT
015 D010721 GERMANY
015 E040721 X
015 A000722 MERCHANT BANK LIMITED
015 B000722 S
015 C010722 ACCRA
015 D010722 GHANA
015 E040722 X
015 A000723 NATIONAL BANK OF GREECE S.A.
015 B000723 S
015 C010723 ATHENS
015 D010723 GREECE
015 E040723 X
015 A000724 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000724 S
015 C010724 HONG KONG
015 D010724 HONG KONG
015 E040724 X
015 A000725 CITIBANK BUDAPEST RT.
015 B000725 S
015 C010725 BUDAPEST
015 D010725 HUNGARY
015 E040725 X
015 A000726 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000726 S
015 C010726 MUMBAI
015 D010726 INDIA
015 E040726 X
015 A000727 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000727 S
015 C010727 JAKARTA
015 D010727 INDONESIA
015 E040727 X
015 A000728 ALLIED IRISH BANKS, PLC
015 B000728 S
015 C010728 DUBLIN
015 D010728 IRELAND
015 E040728 X
015 A000729 BANK LEUMI LE-ISRAEL, B.M.
015 B000729 S
015 C010729 TEL AVIV
015 D010729 ISRAEL
<PAGE>      PAGE  79
015 E040729 X
015 A000730 BANCA COMMERCIALE ITALIANA
015 B000730 S
015 C010730 MILAN
015 D010730 ITALY
015 E040730 X
015 A000731 BANQUE PARIBAS
015 B000731 S
015 C010731 MILAN
015 D010731 ITALY
015 E040731 X
015 A000732 JASDEC
015 B000732 S
015 C010732 TOKYO
015 D010732 JAPAN
015 E040732 X
015 A000733 BANK OF TOKYO MITSUBISHI
015 B000733 S
015 C010733 TOKYO
015 D010733 JAPAN
015 E040733 X
015 A000734 THE BRITISH BANK OF THE MIDDLE EAST
015 B000734 S
015 C010734 AMMAN
015 D010734 JORDAN
015 E040734 X
015 A000735 STANBIC BANK KENYA LIMITED
015 B000735 S
015 C010735 NAIROBI
015 D010735 KENYA
015 E040735 X
015 A000736 CEDEL
015 B000736 S
015 C010736 LUXEMBOURG CITY
015 D010736 LUXEMBOURG
015 E040736 X
015 A000737 BANQUE INTERNATIONALE A LUXEMBOURG
015 B000737 S
015 C010737 LUXEMBOURG CITY
015 D010737 LUXEMBOURG
015 E040737 X
015 A000738 THE HONGKONG BANK MALAYSIA BERHAD
015 B000738 S
015 C010738 KUALA LUMPUR
015 D010738 MALAYSIA
015 E040738 X
015 A000739 BANCO NACIONAL DE MEXICO
015 B000739 S
015 C010739 MEXICO CITY
015 D010739 MEXICO
015 E040739 X
<PAGE>      PAGE  80
015 A000740 BANQUE COMMERCIALE DU MAROC
015 B000740 S
015 C010740 CASABLANCA
015 D010740 MOROCCO
015 E040740 X
015 A000741 STANBIC BANK NAMIBIA LIMITED
015 B000741 S
015 C010741 WINDHOEK
015 D010741 NAMIBIA
015 E040741 X
015 A000742 KAS-ASSOCIATIE NV
015 B000742 S
015 C010742 AMSTERDAM
015 D010742 NETHERLANDS
015 E040742 X
015 A000743 MEESPIERSON NV
015 B000743 S
015 C010743 AMSTERDAM
015 D010743 NETHERLANDS
015 E040743 X
015 A000744 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000744 S
015 C010744 WELLINGTON
015 D010744 NEW ZEALAND
015 E040744 X
015 A000745 STANBIC MERCHANT BANK NIGERIA LIMITED
015 B000745 S
015 C010745 LAGOS
015 D010745 NIGERIA
015 E040745 X
015 A000746 DEN NORSKE BANK
015 B000746 S
015 C010746 OSLO
015 D010746 NORWAY
015 E040746 X
015 A000747 STANDARD CHARTERED BANK
015 B000747 S
015 C010747 KARACHI
015 D010747 PAKISTAN
015 E040747 X
015 A000748 CITIBANK, N.A.
015 B000748 S
015 C010748 LIMA
015 D010748 PERU
015 E040748 X
015 A000749 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000749 S
015 C010749 MANILA
015 D010749 PHILIPPINES
015 E040749 X
015 A000750 BANK HANDLOWY W. WARZAWIE, S.A.
<PAGE>      PAGE  81
015 B000750 S
015 C010750 WARSAW
015 D010750 POLAND
015 E040750 X
015 A000751 BANCO COMERCIAL PORTUGUES
015 B000751 S
015 C010751 LISBON
015 D010751 PORTUGAL
015 E040751 X
015 A000752 UNITED OVERSEAS BANK LIMITED
015 B000752 S
015 C010752 SINGAPORE
015 D010752 SINGAPORE
015 E040752 X
015 A000753 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B000753 S
015 C010753 SINGAPORE
015 D010753 SINGAPORE
015 E040753 X
015 A000754 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000754 S
015 C010754 BRATISLAVA
015 D010754 SLOVAK REPUBLIC
015 E040754 X
015 A000755 STANDARD CORPORATE AND MERCHANT BANK
015 B000755 S
015 C010755 JOHANNESBURG
015 D010755 SOUTH AFRICA
015 E040755 X
015 A000756 SEOULBANK
015 B000756 S
015 C010756 SEOUL
015 D010756 SOUTH KOREA
015 E040756 X
015 A000757 BANCO BILBAO VIZCAYA
015 B000757 S
015 C010757 MADRID
015 D010757 SPAIN
015 E040757 X
015 A000758 STANDARD CHARTERED BANK
015 B000758 S
015 C010758 COLOMBO
015 D010758 SRI LANKA
015 E040758 X
015 A000759 STANBIC BANK OF SWAZILAND LTD.
015 B000759 S
015 C010759 MBABANE
015 D010759 SWAZILAND
015 E040759 X
015 A000760 SKANDINAVISKA ENSKILDA BANKEN
015 B000760 S
<PAGE>      PAGE  82
015 C010760 STOCKHOLM
015 D010760 SWEDEN
015 E040760 X
015 A000761 UNION BANK OF SWITZERLAND
015 B000761 S
015 C010761 ZURICH
015 D010761 SWITZERLAND
015 E040761 X
015 A000762 BANK LEU LTD.
015 B000762 S
015 C010762 ZURICH
015 D010762 SWITZERLAND
015 E040762 X
015 A000763 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000763 S
015 C010763 TAIPEI
015 D010763 TAIWAN
015 E040763 X
015 A000764 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LTD.
015 B000764 S
015 C010764 BANGKOK
015 D010764 THAILAND
015 E040764 X
015 A000765 BANGKOK BANK PUBLIC COMPANY LTD.
015 B000765 S
015 C010765 BANGKOK
015 D010765 THAILAND
015 E040765 X
015 A000766 CITIBANK, N.A.
015 B000766 S
015 C010766 ISTANBUL
015 D010766 TURKEY
015 E040766 X
015 A000767 THE BANK OF NEW YORK
015 B000767 S
015 C010767 LONDON
015 D010767 UNITED KINGDOM
015 E040767 X
015 A000768 FIRST CHICAGO CLEARING CENTRE
015 B000768 S
015 C010768 LONDON
015 D010768 UNITED KINGDOM
015 E040768 X
015 A000769 THE FIRST NATIONAL BANK OF BOSTON
015 B000769 S
015 C010769 MONTEVIDEO
015 D010769 URUGUAY
015 E040769 X
015 A000770 CITIBANK, N.A.
015 B000770 S
015 C010770 CARACAS
<PAGE>      PAGE  83
015 D010770 VENEZUELA
015 E040770 X
015 A000771 STANBIC BANK ZAMBIA LIMITED
015 B000771 S
015 C010771 LUSAKA
015 D010771 ZAMBIA
015 E040771 X
015 A000772 STANBIC BANK ZIMBABWE LIMITED
015 B000772 S
015 C010772 HARARE
015 D010772 ZIMBABWE
015 E040772 X
015 A000773 DELETE
015 A000774 DELETE
015 A000775 DELETE
015 A000776 DELETE
015 A000777 DELETE
015 A000778 DELETE
015 A000779 DELETE
015 A000780 DELETE
015 A000781 DELETE
015 A000782 DELETE
015 A000783 DELETE
015 A000784 DELETE
015 A000785 DELETE
015 A000786 DELETE
015 A000787 DELETE
015 A000788 DELETE
015 A000789 DELETE
015 A000790 DELETE
015 A000791 DELETE
015 A000792 DELETE
015 A000793 DELETE
015 A000794 DELETE
015 A000795 DELETE
015 A000796 DELETE
015 A000797 DELETE
015 A000798 DELETE
024  000700 N
028 A010700      5116
028 A020700         0
028 A030700         0
028 A040700      5493
028 B010700      1537
028 B020700         0
028 B030700         0
028 B040700      4953
028 C010700      1102
028 C020700         0
028 C030700         0
028 C040700      5187
<PAGE>      PAGE  84
028 D010700      1215
028 D020700         0
028 D030700         0
028 D040700      4359
028 E010700      1472
028 E020700         0
028 E030700         0
028 E040700      5564
028 F010700      1444
028 F020700         0
028 F030700         0
028 F040700      5498
028 G010700     11886
028 G020700         0
028 G030700         0
028 G040700     31054
028 H000700         0
045  000700 Y
046  000700 N
047  000700 Y
048  000700  0.000
048 A010700   100000
048 A020700 0.625
048 B010700   150000
048 B020700 0.500
048 C010700  9750000
048 C020700 0.450
048 D010700  2500000
048 D020700 0.440
048 E010700  2500000
048 E020700 0.420
048 F010700        0
048 F020700 0.000
048 G010700        0
048 G020700 0.000
048 H010700        0
048 H020700 0.000
048 I010700        0
048 I020700 0.000
048 J010700        0
048 J020700 0.000
048 K010700 15000000
048 K020700 0.400
049  000700 N
050  000700 N
051  000700 N
052  000700 N
053 A000700 N
054 A000700 Y
054 B000700 Y
054 C000700 Y
<PAGE>      PAGE  85
054 D000700 N
054 E000700 N
054 F000700 N
054 G000700 Y
054 H000700 Y
054 I000700 N
054 J000700 Y
054 K000700 N
054 L000700 Y
054 M000700 Y
054 N000700 N
054 O000700 N
055 A000700 N
055 B000700 N
056  000700 Y
057  000700 N
058 A000700 Y
058 B000700 Y
058 C000700 Y
058 D000700 Y
058 E000700 N
059  000700 Y
060 A000700 N
060 B000700 N
061  000700     2000
062 A000700 Y
062 B000700   0.0
062 C000700   0.0
062 D000700   3.3
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  26.7
062 N000700   0.0
062 O000700   0.0
062 P000700   1.1
062 Q000700  66.0
062 R000700   0.0
063 A000700   0
063 B000700  5.2
064 A000700 N
064 B000700 N
066 A000700 N
067  000700 N
068 A000700 N
068 B000700 Y
<PAGE>      PAGE  86
069  000700 N
070 A010700 Y
070 A020700 Y
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 N
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 Y
070 N010700 Y
070 N020700 N
070 O010700 N
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700    303822
071 B000700    329231
071 C000700    215542
071 D000700  141
072 A000700 12
072 B000700    17958
072 C000700        0
072 D000700        0
072 E000700        0
072 F000700     1262
072 G000700        0
072 H000700        0
072 I000700        0
072 J000700       93
<PAGE>      PAGE  87
072 K000700       14
072 L000700       13
072 M000700        2
072 N000700        0
072 O000700        0
072 P000700        0
072 Q000700        0
072 R000700        7
072 S000700        1
072 T000700        0
072 U000700        0
072 V000700        0
072 W000700        0
072 X000700     1392
072 Y000700        0
072 Z000700    16566
072AA000700     4884
072BB000700     4464
072CC010700     3322
072CC020700        0
072DD010700    17028
072DD020700        0
072EE000700        0
073 A010700   1.0350
073 A020700   0.0000
073 B000700   0.0000
073 C000700   0.0000
074 A000700        0
074 B000700     7277
074 C000700        0
074 D000700   207972
074 E000700        0
074 F000700        0
074 G000700        0
074 H000700        0
074 I000700        0
074 J000700        0
074 K000700        0
074 L000700     6037
074 M000700      750
074 N000700   222036
074 O000700        0
074 P000700      102
074 Q000700        0
074 R010700        0
074 R020700        0
074 R030700        0
074 R040700      212
074 S000700        0
074 T000700   221722
074 U010700    16287
<PAGE>      PAGE  88
074 U020700        0
074 V010700    13.61
074 V020700     0.00
074 W000700   0.0000
074 X000700        3
074 Y000700        0
075 A000700        0
075 B000700   226837
076  000700     0.00
008 A000801 FRANKLIN ADVISERS, INC.
008 B000801 A
008 C000801 801-26292
008 D010801 SAN MATEO
008 D020801 CA
008 D030801 94403
008 D040801 7777
015 A000801 BANK OF NEW YORK
015 B000801 C
015 C010801 NEW YORK
015 C020801 NY
015 C030801 10286
015 E010801 X
015 A000802 THE BANK OF BOSTON
015 B000802 S
015 C010802 BUENOS AIRES
015 D010802 ARGENTINA
015 E040802 X
015 A000803 AUSTRALIA AND NEW ZEALAND BANKING CORP. LTD.
015 B000803 S
015 C010803 MELBOURNE
015 D010803 AUSTRALIA
015 E040803 X
015 A000804 CREDITANSTALT-BANKVEREIN
015 B000804 S
015 C010804 VIENNA
015 D010804 AUSTRIA
015 E040804 X
015 A000805 STANDARD CHARTERED BANK PLC
015 B000805 S
015 C010805 DHAKA
015 D010805 BANGLADESH
015 E040805 X
015 A000806 BANQUE BRUXELLES LAMBERT
015 B000806 S
015 C010806 BRUSSELS
015 D010806 BELGIUM
015 E040806 X
015 A000807 STANBIC BANK BOTSWANA LIMITED
015 B000807 S
015 C010807 GABORONE
015 D010807 BOTSWANA
<PAGE>      PAGE  89
015 E040807 X
015 A000808 THE FIRST NATIONAL BANK OF BOSTON
015 B000808 S
015 C010808 SAO PAULO
015 D010808 BRAZIL
015 E040808 X
015 A000809 ROYAL BANK OF CANADA
015 B000809 S
015 C010809 MONTREAL
015 D010809 CANADA
015 E040809 X
015 A000810 THE FIRST NATIONAL BANK OF BOSTON
015 B000810 S
015 C010810 SANTIAGO
015 D010810 CHILE
015 E040810 X
015 A000811 BANCO DE CHILE
015 B000811 S
015 C010811 SANTIAGO
015 D010811 CHILE
015 E040811 X
015 A000812 THE STANDARD CHARTERED BANK, HONG KONG
015 B000812 S
015 C010812 HONG KONG
015 D010812 CHINA
015 E040812 X
015 A000813 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B000813 S
015 C010813 BOGOTA
015 D010813 COLOMBIA
015 E040813 X
015 A000814 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000814 S
015 C010814 PRAGUE
015 D010814 CZECH REPUBLIC
015 E040814 X
015 A000815 DEN DANSKE BANK
015 B000815 S
015 C010815 COPENHAGEN
015 D010815 DENMARK
015 E040815 X
015 A000816 CITIBANK, N.A.
015 B000816 S
015 C010816 QUITO
015 D010816 ECUADOR
015 E040816 X
015 A000817 CITIBANK, N.A.
015 B000817 S
015 C010817 CAIRO
015 D010817 EGYPT
015 E040817 X
<PAGE>      PAGE  90
015 A000818 MERITA BANK LTD.
015 B000818 S
015 C010818 HELSINKI
015 D010818 FINLAND
015 E040818 X
015 A000819 BANQUE PARIBAS
015 B000819 S
015 C010819 PARIS
015 D010819 FRANCE
015 E040819 X
015 A000820 CREDIT COMMERCIAL DE FRANCE
015 B000820 S
015 C010820 PARIS
015 D010820 FRANCE
015 E040820 X
015 A000821 DRESDNER BANK A.G.
015 B000821 S
015 C010821 FRANKFURT
015 D010821 GERMANY
015 E040821 X
015 A000822 MERCHANT BANK LIMITED
015 B000822 S
015 C010822 ACCRA
015 D010822 GHANA
015 E040822 X
015 A000823 NATIONAL BANK OF GREECE
015 B000823 S
015 C010823 ATHENS
015 D010823 GREECE
015 E040823 X
015 A000824 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000824 S
015 C010824 HONG KONG
015 D010824 HONG KONG
015 E040824 X
015 A000825 CITIBANK BUDAPEST RT.
015 B000825 S
015 C010825 BUDAPEST
015 D010825 HUNGARY
015 E040825 X
015 A000826 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000826 S
015 C010826 MUMBAI
015 D010826 INDIA
015 E040826 X
015 A000827 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000827 S
015 C010827 JAKARTA
015 D010827 INDONESIA
015 E040827 X
015 A000828 ALLIED IRISH BANKS, PLC
<PAGE>      PAGE  91
015 B000828 S
015 C010828 DUBLIN
015 D010828 IRELAND
015 E040828 X
015 A000829 BANK LEUMI LE-ISRAEL, B.M.
015 B000829 S
015 C010829 TEL AVIV
015 D010829 ISRAEL
015 E040829 X
015 A000830 BANCA COMMERCIALE ITALIANA
015 B000830 S
015 C010830 MILAN
015 D010830 ITALY
015 E040830 X
015 A000831 BANQUE PARIBAS
015 B000831 S
015 C010831 MILAN
015 D010831 ITALY
015 E040831 X
015 A000832 JASDEC
015 B000832 S
015 C010832 TOKYO
015 D010832 JAPAN
015 E040832 X
015 A000833 BANK OF TOKYO MITSUBISHI
015 B000833 S
015 C010833 TOKYO
015 D010833 JAPAN
015 E040833 X
015 A000834 THE BRITISH BANK OF THE MIDDLE EAST
015 B000834 S
015 C010834 AMMAN
015 D010834 JORDAN
015 E040834 X
015 A000835 STANBIC BANK KENYA LIMITED
015 B000835 S
015 C010835 NAIROBI
015 D010835 KENYA
015 E040835 X
015 A000836 CEDEL
015 B000836 S
015 C010836 LUXEMBOURG CITY
015 D010836 LUXEMBOURG
015 E040836 X
015 A000837 BANQUE INTERNATIONALE A LUXEMBOURG
015 B000837 S
015 C010837 LUXEMBOURG CITY
015 D010837 LUXEMBOURG
015 E040837 X
015 A000838 THE HONGKONG BANK MALAYSIA BERHAD
015 B000838 S
<PAGE>      PAGE  92
015 C010838 KUALA LUMPUR
015 D010838 MALAYSIA
015 E040838 X
015 A000839 BANCO NACIONAL DE MEXICO
015 B000839 S
015 C010839 MEXICO CITY
015 D010839 MEXICO
015 E040839 X
015 A000840 BANQUE COMMERCIALE DU MAROC
015 B000840 S
015 C010840 CASABLANCA
015 D010840 MOROCCO
015 E040840 X
015 A000841 STANBIC BANK NAMIBIA LIMITED
015 B000841 S
015 C010841 WINDHOEK
015 D010841 NAMIBIA
015 E040841 X
015 A000842 KAS-ASSOCIATIE NV
015 B000842 S
015 C010842 AMSTERDAM
015 D010842 NETHERLANDS
015 E040842 X
015 A000843 MEESPIERSON NV
015 B000843 S
015 C010843 AMSTERDAM
015 D010843 NETHERLANDS
015 E040843 X
015 A000844 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000844 S
015 C010844 WELLINGTON
015 D010844 NEW ZEALAND
015 E040844 X
015 A000845 STANBIC MERCHANT BANK NIGERIA LIMITED
015 B000845 S
015 C010845 LAGOS
015 D010845 NIGERIA
015 E040845 X
015 A000846 DEN NORSKE BANK
015 B000846 S
015 C010846 OSLO
015 D010846 NORWAY
015 E040846 X
015 A000847 STANDARD CHARTERED BANK
015 B000847 S
015 C010847 KARACHI
015 D010847 PAKISTAN
015 E040847 X
015 A000848 CITIBANK, N.A.
015 B000848 S
015 C010848 LIMA
<PAGE>      PAGE  93
015 D010848 PERU
015 E040848 X
015 A000849 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000849 S
015 C010849 MANILA
015 D010849 PHILIPPINES
015 E040849 X
015 A000850 BANK HANDLOWY W. WARZAWIE, S.A.
015 B000850 S
015 C010850 WARSAW
015 D010850 POLAND
015 E040850 X
015 A000851 BANCO COMERCIAL PORTUGUES
015 B000851 S
015 C010851 LISBON
015 D010851 PORTUGAL
015 E040851 X
015 A000852 UNITED OVERSEAS BANK LIMITED
015 B000852 S
015 C010852 SINGAPORE
015 D010852 SINGAPORE
015 E040852 X
015 A000853 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B000853 S
015 C010853 SINGAPORE
015 D010853 SINGAPORE
015 E040853 X
015 A000854 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000854 S
015 C010854 BRATISLAVA
015 D010854 SLOVAK REPUBLIC
015 E040854 X
015 A000855 STANDARD CORPORATE AND MERCHANT BANK
015 B000855 S
015 C010855 JOHANNESBURG
015 D010855 SOUTH AFRICA
015 E040855 X
015 A000856 SEOULBANK
015 B000856 S
015 C010856 SEOUL
015 D010856 SOUTH KOREA
015 E040856 X
015 A000857 BANCO BILBAO VIZCAYA
015 B000857 S
015 C010857 MADRID
015 D010857 SPAIN
015 E040857 X
015 A000858 STANDARD CHARTERED BANK
015 B000858 S
015 C010858 COLOMBO
015 D010858 SRI LANKA
<PAGE>      PAGE  94
015 E040858 X
015 A000859 STANBIC BANK SWAZILAND LTD.
015 B000859 S
015 C010859 MBABANE
015 D010859 SWAZILAND
015 E040859 X
015 A000860 SKANDINAVISKA ENSKILDA BANKEN
015 B000860 S
015 C010860 STOCKHOLM
015 D010860 SWEDEN
015 E040860 X
015 A000861 UNION BANK OF SWITZERLAND
015 B000861 S
015 C010861 ZURICH
015 D010861 SWITZERLAND
015 E040861 X
015 A000862 BANK LEU LTD.
015 B000862 S
015 C010862 ZURICH
015 D010862 SWITZERLAND
015 E040862 X
015 A000863 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000863 S
015 C010863 TAIPEI
015 D010863 TAIWAN
015 E040863 X
015 A000864 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LTD.
015 B000864 S
015 C010864 BANGKOK
015 D010864 THAILAND
015 E040864 X
015 A000865 BANGKOK BANK PUBLIC COMPANY LTD.
015 B000865 S
015 C010865 BANGKOK
015 D010865 THAILAND
015 E040865 X
015 A000866 CITIBANK, N.A.
015 B000866 S
015 C010866  ISTANBUL
015 D010866 TURKEY
015 E040866 X
015 A000867 THE BANK OF NEW YORK
015 B000867 S
015 C010867 LONDON
015 D010867 UNITED KINGDOM
015 E040867 X
015 A000868 FIRST CHICHAGO CLEARING CENTRE
015 B000868 S
015 C010868 LONDON
015 D010868 UNITED KINGDOM
015 E040868 X
<PAGE>      PAGE  95
015 A000869 THE FIRST NATIONAL BANK OF BOSTON
015 B000869 S
015 C010869 MONTEVIDEO
015 D010869 URUGUAY
015 E040869 X
015 A000870 CITIBANK, N.A.
015 B000870 S
015 C010870 CARACAS
015 D010870 VENEZUELA
015 E040870 X
015 A000871 STANBIC BANK ZAMBIA LIMITED
015 B000871 S
015 C010871 LUSAKA
015 D010871 ZAMBIA
015 E040871 X
015 A000872 STANBIC BANK ZIMBABWE LIMITED
015 B000872 S
015 C010872 HARARE
015 D010872 ZIMBABWE
015 E040872 X
024  000800 N
028 A010800      3423
028 A020800         0
028 A030800         0
028 A040800      2695
028 B010800      1522
028 B020800         0
028 B030800         0
028 B040800      5893
028 C010800      1463
028 C020800         0
028 C030800         0
028 C040800      9690
028 D010800       265
028 D020800         0
028 D030800         0
028 D040800    153093
028 E010800         0
028 E020800         0
028 E030800         0
028 E040800         0
028 F010800         0
028 F020800         0
028 F030800         0
028 F040800         0
028 G010800      6673
028 G020800         0
028 G030800         0
028 G040800    171371
028 H000800         0
045  000800 Y
<PAGE>      PAGE  96
046  000800 N
047  000800 Y
048  000800  0.000
048 A010800   100000
048 A020800 0.625
048 B010800   150000
048 B020800 0.500
048 C010800  9750000
048 C020800 0.450
048 D010800  2500000
048 D020800 0.440
048 E010800  2500000
048 E020800 0.420
048 F010800        0
048 F020800 0.000
048 G010800        0
048 G020800 0.000
048 H010800        0
048 H020800 0.000
048 I010800        0
048 I020800 0.000
048 J010800        0
048 J020800 0.000
048 K010800 15000000
048 K020800 0.400
049  000800 N
050  000800 N
051  000800 N
052  000800 N
053 A000800 N
054 A000800 Y
054 B000800 Y
054 C000800 Y
054 D000800 N
054 E000800 N
054 F000800 N
054 G000800 Y
054 H000800 Y
054 I000800 N
054 J000800 Y
054 K000800 N
054 L000800 Y
054 M000800 Y
054 N000800 N
054 O000800 N
055 A000800 N
055 B000800 N
056  000800 N
057  000800 N
058 A000800 Y
058 B000800 Y
<PAGE>      PAGE  97
058 C000800 Y
058 D000800 Y
058 E000800 N
059  000800 Y
060 A000800 Y
060 B000800 Y
061  000800     2000
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
063 A000800   0
063 B000800  0.0
064 A000800 N
064 B000800 N
066 A000800 N
067  000800 N
068 A000800 N
068 B000800 N
069  000800 N
070 A010800 Y
070 A020800 Y
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 Y
<PAGE>      PAGE  98
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 N
070 K020800 N
070 L010800 Y
070 L020800 N
070 M010800 Y
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 N
070 O020800 N
070 P010800 Y
070 P020800 Y
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800         0
071 B000800         0
071 C000800         0
071 D000800    0
072 A000800 12
072 B000800        0
072 C000800        0
072 D000800        0
072 E000800        0
072 F000800        0
072 G000800        0
072 H000800        0
072 I000800        0
072 J000800        0
072 K000800        0
072 L000800        0
072 M000800        0
072 N000800        0
072 O000800        0
072 P000800        0
072 Q000800        0
072 R000800        0
072 S000800        0
072 T000800        0
072 U000800        0
072 V000800        0
072 W000800        0
072 X000800        0
072 Y000800        0
072 Z000800        0
072AA000800        0
072BB000800        0
<PAGE>      PAGE  99
072CC010800        0
072CC020800        0
072DD010800        0
072DD020800        0
072EE000800        0
073 A010800   0.0000
073 A020800   0.0000
073 B000800   0.0000
073 C000800   0.0000
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074 B000800        0
074 C000800        0
074 D000800        0
074 E000800        0
074 F000800        0
074 G000800        0
074 H000800        0
074 I000800        0
074 J000800        0
074 K000800        0
074 L000800        0
074 M000800        0
074 N000800        0
074 O000800        0
074 P000800        0
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074 R020800        0
074 R030800        0
074 R040800        0
074 S000800        0
074 T000800        0
074 U010800        0
074 U020800        0
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074 V020800     0.00
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074 X000800        0
074 Y000800        0
075 A000800        0
075 B000800        0
076  000800     0.00
015 A000901 BANK OF NEW YORK
015 B000901 C
015 C010901 NEW YORK
015 C020901 NY
015 C030901 10286
015 E010901 X
015 A000902 THE BANK OF BOSTON
015 B000902 S
015 C010902 BUENOS AIRES
<PAGE>      PAGE  100
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 CHILI
015 B000911 S
015 C010911 SANTIAGO
015 D010911 CHILE
015 E040911 X
015 A000912 THE STANDARD CHARTERED BANK, HONG KONG
015 B000912 S
015 C010912 HONG KONG
015 D010912 CHINA
<PAGE>      PAGE  101
015 E040912 X
015 A000913 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
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.
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 A.G.
015 B000921 S
015 C010921 FRANKFURT
015 D010921 GERMANY
015 E040921 X
015 A000922 MERCHANT BANK LIMITED
015 B000922 S
015 C010922 ACCRA
015 D010922 GHANA
015 E040922 X
<PAGE>      PAGE  102
015 A000923 NATIONAL BANK  OF GREECE S.A.
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
015 B000931 S
015 C010931 MILAN
015 D010931 ITALY
015 E040931 X
015 A000932 JASDEC
015 B000932 S
015 C010932 TOKYO
015 D010932 JAPAN
015 E040932 X
015 A000933 BANK OF TOKYO MITSUBISHI
<PAGE>      PAGE  103
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
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
015 E040942 X
015 A000943 MEESPIERSON NV
015 B000943 S
<PAGE>      PAGE  104
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
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. WARZAWIE, S.A.
015 B000950 S
015 C010950 WARSAW
015 D010950 POLAND
015 E040950 X
015 A000951 BANCO COMERCIAL PORTUGUES
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
015 A000953 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B000953 S
015 C010953 SINGAPORE
<PAGE>      PAGE  105
015 D010953 SINGAPORE
015 E040953 X
015 A000954 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
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 LTD.
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.
015 B000963 S
015 C010963 TAIPEI
015 D010963 TAIWAN
<PAGE>      PAGE  106
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.
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
024  000900 N
028 A010900     16602
028 A020900         0
028 A030900         0
028 A040900     23885
<PAGE>      PAGE  107
028 B010900     14979
028 B020900         0
028 B030900         0
028 B040900     17094
028 C010900     12551
028 C020900         0
028 C030900         0
028 C040900     17503
028 D010900     16935
028 D020900         0
028 D030900         0
028 D040900     32878
028 E010900     12143
028 E020900         0
028 E030900         0
028 E040900     22362
028 F010900     17649
028 F020900         0
028 F030900         0
028 F040900     26473
028 G010900     90859
028 G020900         0
028 G030900         0
028 G040900    140195
028 H000900         0
045  000900 Y
046  000900 N
047  000900 Y
048  000900  0.000
048 A010900   100000
048 A020900 0.625
048 B010900   150000
048 B020900 0.500
048 C010900  9750000
048 C020900 0.450
048 D010900  2500000
048 D020900 0.440
048 E010900  2500000
048 E020900 0.420
048 F010900        0
048 F020900 0.000
048 G010900        0
048 G020900 0.000
048 H010900        0
048 H020900 0.000
048 I010900        0
048 I020900 0.000
048 J010900        0
048 J020900 0.000
048 K010900 15000000
048 K020900 0.400
<PAGE>      PAGE  108
049  000900 N
050  000900 N
051  000900 N
052  000900 N
053 A000900 N
054 A000900 Y
054 B000900 Y
054 C000900 Y
054 D000900 N
054 E000900 N
054 F000900 N
054 G000900 Y
054 H000900 Y
054 I000900 N
054 J000900 Y
054 K000900 N
054 L000900 Y
054 M000900 Y
054 N000900 N
054 O000900 N
055 A000900 N
055 B000900 N
056  000900 N
057  000900 N
058 A000900 Y
058 B000900 Y
058 C000900 Y
058 D000900 Y
058 E000900 N
059  000900 Y
060 A000900 Y
060 B000900 Y
061  000900     2000
062 A000900 Y
062 B000900   0.0
062 C000900   0.0
062 D000900   4.7
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   7.1
062 N000900   0.0
062 O000900   0.0
062 P000900  34.7
062 Q000900  11.2
062 R000900  41.1
<PAGE>      PAGE  109
063 A000900   0
063 B000900 10.3
064 A000900 N
064 B000900 N
066 A000900 N
067  000900 N
068 A000900 N
068 B000900 N
069  000900 N
070 A010900 Y
070 A020900 Y
070 B010900 Y
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 Y
070 K010900 N
070 K020900 N
070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 Y
070 N010900 Y
070 N020900 N
070 O010900 N
070 O020900 N
070 P010900 Y
070 P020900 Y
070 Q010900 N
070 Q020900 N
070 R010900 Y
070 R020900 N
071 A000900    314150
071 B000900    185655
071 C000900   1214875
071 D000900   15
072 A000900 12
072 B000900    78394
<PAGE>      PAGE  110
072 C000900    31792
072 D000900        0
072 E000900        0
072 F000900     6131
072 G000900        0
072 H000900        0
072 I000900        0
072 J000900      123
072 K000900       96
072 L000900       66
072 M000900        9
072 N000900        0
072 O000900        0
072 P000900        0
072 Q000900        0
072 R000900       34
072 S000900        9
072 T000900        0
072 U000900        0
072 V000900        0
072 W000900       19
072 X000900     6487
072 Y000900        0
072 Z000900   103699
072AA000900    34549
072BB000900    14739
072CC010900    16747
072CC020900        0
072DD010900    66928
072DD020900        0
072EE000900    11126
073 A010900   0.8725
073 A020900   0.0000
073 B000900   0.1451
073 C000900   0.0000
074 A000900        0
074 B000900    62830
074 C000900        0
074 D000900   716123
074 E000900   121146
074 F000900   434950
074 G000900        0
074 H000900        0
074 I000900       23
074 J000900       33
074 K000900        0
074 L000900    17520
074 M000900        0
074 N000900  1352625
074 O000900      517
074 P000900      536
<PAGE>      PAGE  111
074 Q000900        0
074 R010900        0
074 R020900        0
074 R030900        0
074 R040900      913
074 S000900        0
074 T000900  1350659
074 U010900    78494
074 U020900        0
074 V010900    17.21
074 V020900     0.00
074 W000900   0.0000
074 X000900        3
074 Y000900    11076
075 A000900        0
075 B000900  1303109
076  000900     0.00
015 A001001 BANK OF NEW YORK
015 B001001 C
015 C011001 NEW YORK
015 C021001 NY
015 C031001 10286
015 E011001 X
015 A001002 THE BANK OF BOSTON
015 B001002 S
015 C011002 BUENOS AIRES
015 D011002 ARGENTINA
015 E041002 X
015 A001003 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001003 S
015 C011003 MELBOURNE
015 D011003 AUSTRALIA
015 E041003 X
015 A001004 CREDITANSTALT-BANKVEREIN
015 B001004 S
015 C011004 VIENNA
015 D011004 AUSTRIA
015 E041004 X
015 A001005 STANDARD CHARTERED BANK PLC
015 B001005 S
015 C011005 DHAKA
015 D011005 BANGLADESH
015 E041005 X
015 A001006 BANQUE BRUXELLES LAMBERT
015 B001006 S
015 C011006 BRUSSELS
015 D011006 BELGIUM
015 E041006 X
015 A001007 STANBIC BANK BOTSWANA LIMITED
015 B001007 S
015 C011007 GABORONE
<PAGE>      PAGE  112
015 D011007 BOTSWANA
015 E041007 X
015 A001008 THE FIRST NAIONAL BANK OF BOSTON
015 B001008 S
015 C011008 SAO PAULO
015 D011008 BRAZIL
015 E041008 X
015 A001009 ROYAL BANK OF CANADA
015 B001009 S
015 C011009 MONTREAL
015 D011009 CANADA
015 E041009 X
015 A001010 THE FIRST NATIONAL BANK OF BOSTON
015 B001010 S
015 C011010 SANTIAGO
015 D011010 CHILE
015 E041010 X
015 A001011 BANCO DE CHILE
015 B001011 S
015 C011011 SANTIAGO
015 D011011 CHILE
015 E041011 X
015 A001012 THE STANDARD CHARTERED BANK, HONG KONG
015 B001012 S
015 C011012 HONG KONG
015 D011012 CHINA
015 E041012 X
015 A001013 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B001013 S
015 C011013 BOGOTA
015 D011013 COLOMBIA
015 E041013 X
015 A001014 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001014 S
015 C011014 PRAGUE
015 D011014 CZECH REPUBLIC
015 E041014 X
015 A001015 DEN DANSKE BANK
015 B001015 S
015 C011015 COPENHAGEN
015 D011015 DENMARK
015 E041015 X
015 A001016 CITIBANK, N.A.
015 B001016 S
015 C011016 QUITO
015 D011016 ECUADOR
015 E041016 X
015 A001017 CITIBANK, N.A.
015 B001017 S
015 C011017 CAIRO
015 D011017 EGYPT
<PAGE>      PAGE  113
015 E041017 X
015 A001018 MERITA BANK LTD.
015 B001018 S
015 C011018 HELSINKI
015 D011018 FINLAND
015 E041018 X
015 A001019 BANQUE PARIBAS
015 B001019 S
015 C011019 PARIS
015 D011019 FRANCE
015 E041019 X
015 A001020 CREDIT COMMERCIAL DE FRANCE
015 B001020 S
015 C011020 PARIS
015 D011020 FRANCE
015 E041020 X
015 A001021 DRESDNER BANK A.G.
015 B001021 S
015 C011021 FRANKFURT
015 D011021 GERMANY
015 E041021 X
015 A001022 MERCHANT BANK LIMITED
015 B001022 S
015 C011022 ACCRA
015 D011022 GHANA
015 E041022 X
015 A001023 NATIONAL BANK OF GREECE S.A.
015 B001023 S
015 C011023 ATHENS
015 D011023 GREECE
015 E041023 X
015 A001024 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001024 S
015 C011024 HONG KONG
015 D011024 HONG KONG
015 E041024 X
015 A001025 CITIBANK BUDAPEST RT.
015 B001025 S
015 C011025 BUDAPEST
015 D011025 HUNGARY
015 E041025 X
015 A001026 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001026 S
015 C011026 MUMBAI
015 D011026 INDIA
015 E041026 X
015 A001027 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001027 S
015 C011027 JAKARTA
015 D011027 INDONESIA
015 E041027 X
<PAGE>      PAGE  114
015 A001028 ALLIED IRISH BANKS, PLC
015 B001028 S
015 C011028 DUBLIN
015 D011028 IRELAND
015 E041028 X
015 A001029 BANK LEUMI LE-ISRAEL, B.M.
015 B001029 S
015 C011029 TEL AVIV
015 D011029 ISRAEL
015 E041029 X
015 A001030 BANCA COMMERCIALE ITALIANA
015 B001030 S
015 C011030 MILAN
015 D011030 ITALY
015 E041030 X
015 A001031 BANQUE PARIBAS
015 B001031 S
015 C011031 MILAN
015 D011031 ITALY
015 E041031 X
015 A001032 JASDEC
015 B001032 S
015 C011032 TOKYO
015 D011032 JAPAN
015 E041032 X
015 A001033 BANK OF TOKYO MITSUBISHI
015 B001033 S
015 C011033 TOKYO
015 D011033 JAPAN
015 E041033 X
015 A001034 THE BRITISH BANK OF THE MIDDLE EAST
015 B001034 S
015 C011034 AMMAN
015 D011034 JORDAN
015 E041034 X
015 A001035 STANBIC BANK KENYA LIMITED
015 B001035 S
015 C011035 NAIROBI
015 D011035 KENYA
015 E041035 X
015 A001036 CEDEL
015 B001036 S
015 C011036 LUXEMBOURG CITY
015 D011036 LUXEMBOURG
015 E041036 X
015 A001037 BANQUE INTERNATIONALE A LUXEMBOURG
015 B001037 S
015 C011037 LUXEMBOURG CITY
015 D011037 LUXEMBOURG
015 E041037 X
015 A001038 THE HONGKONG BANK MALAYSIA BERHAD
<PAGE>      PAGE  115
015 B001038 S
015 C011038 KUALA LUMPUR
015 D011038 PORTUGAL
015 E041038 X
015 A001039 BANCO NACIONAL DE MEXICO
015 B001039 S
015 C011039 MEXICO CITY
015 D011039 MEXICO
015 E041039 X
015 A001040 BANQUE COMMERCIALE DU MAROC
015 B001040 S
015 C011040 CASABLANCA
015 D011040 MOROCCO
015 E041040 X
015 A001041 STANBIC BANK NAMIBIA LIMITED
015 B001041 S
015 C011041 WINDHOEK
015 D011041 NAMIBIA
015 E041041 X
015 A001042 KAS-ASSOCIATIE NV
015 B001042 S
015 C011042 AMSTERDAM
015 D011042 NETHERLANDS
015 E041042 X
015 A001043 MEESPIERSON NV
015 B001043 S
015 C011043 AMSTERDAM
015 D011043 NETHERLANDS
015 E041043 X
015 A001044 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001044 S
015 C011044 WELLINGTON
015 D011044 NEW ZEALAND
015 E041044 X
015 A001045 STANBIC MERCHANT BANK NIGERIA LIMITED
015 B001045 S
015 C011045 LAGOS
015 D011045 NIGERIA
015 E041045 X
015 A001046 DEN NORSKE BANK
015 B001046 S
015 C011046 OSLO
015 D011046 NORWAY
015 E041046 X
015 A001047 STANDARD CHARTERED BANK
015 B001047 S
015 C011047 KARACHI
015 D011047 PAKISTAN
015 E041047 X
015 A001048 CITIBANK, N.A.
015 B001048 S
<PAGE>      PAGE  116
015 C011048 LIMA
015 D011048 PERU
015 E041048 X
015 A001049 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001049 S
015 C011049 MANILA
015 D011049 PHILIPPINES
015 E041049 X
015 A001050 BANK HANDLOWY W. WARZAWIE, S.A.
015 B001050 S
015 C011050 WARSAW
015 D011050 POLAND
015 E041050 X
015 A001051 BANCO COMERCIAL PORTUGUES
015 B001051 S
015 C011051 LISBON
015 D011051 PORTUGAL
015 E041051 X
015 A001052 UNITED OVERSEAS BANK LIMITED
015 B001052 S
015 C011052 SINGAPORE
015 D011052 SINGAPORE
015 E041052 X
015 A001053 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B001053 S
015 C011053 SINGAPORE
015 D011053 SINGAPORE
015 E041053 X
015 A001054 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001054 S
015 C011054 BRATISLAVA
015 D011054 SLOVAK REPUBLIC
015 E041054 X
015 A001055 STANDARD CORPORATE AND MERCHANT BANK
015 B001055 S
015 C011055 JOHANNESBURG
015 D011055 SOUTH AFRICA
015 E041055 X
015 A001056 SEOULBANK
015 B001056 S
015 C011056 SEOUL
015 D011056 SOUTH KOREA
015 E041056 X
015 A001057 BANCO BILBAO VIZCAYA
015 B001057 S
015 C011057 MADRID
015 D011057 SPAIN
015 E041057 X
015 A001058 STANDARD CHARTERED BANK
015 B001058 S
015 C011058 COLOMBO
<PAGE>      PAGE  117
015 D011058 SRI LANKA
015 E041058 X
015 A001059 STANBIC BANK SWAZILAND LTD.
015 B001059 S
015 C011059 MBABANE
015 D011059 SWAZILAND
015 E041059 X
015 A001060 SKANDINAVISKA ENSKILDA BANKEN
015 B001060 S
015 C011060 STOCKHOLM
015 D011060 SWEDEN
015 E041060 X
015 A001061 UNION BANK OF SWITZERLAND
015 B001061 S
015 C011061 ZURICH
015 D011061 SWITZERLAND
015 E041061 X
015 A001062 BANK LEU LTD.
015 B001062 S
015 C011062 ZURICH
015 D011062 SWITZERLAND
015 E041062 X
015 A001063 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001063 S
015 C011063 TAIPEI
015 D011063 TAIWAN
015 E041063 X
015 A001064 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LTD.
015 B001064 S
015 C011064 BANGKOK
015 D011064 THAILAND
015 E041064 X
015 A001065 BANGKOK BANK PUBLIC COMPANY LTD.
015 B001065 S
015 C011065 BANGKOK
015 D011065 THAILAND
015 E041065 X
015 A001066 CITIBANK, N.A.
015 B001066 S
015 C011066 ISTANBUL
015 D011066 TURKEY
015 E041066 X
015 A001067 THE BANK OF NEW YORK
015 B001067 S
015 C011067 LONDON
015 D011067 UNITED KINGDOM
015 E041067 X
015 A001068 FIRST CHICAGO CLEARING CENTRE
015 B001068 S
015 C011068 LONDON
015 D011068 UNITED KINGDOM
<PAGE>      PAGE  118
015 E041068 X
015 A001069 THE FIRST NATIONAL BANK OF BOSTON
015 B001069 S
015 C011069 MONTEVIDEO
015 D011069 URUGUAY
015 E041069 X
015 A001070 CITIBANK, N.A.
015 B001070 S
015 C011070 CARACAS
015 D011070 VENEZUELA
015 E041070 X
015 A001071 STANBIC BANK ZAMBIA LIMITED
015 B001071 S
015 C011071 LUSAKA
015 D011071 ZAMBIA
015 E041071 X
015 A001072 STANBIC BANK ZIMBABWE LIMITED
015 B001072 S
015 C011072 HARARE
015 D011072 ZIMBABWE
015 E041072 X
024  001000 N
028 A011000      3418
028 A021000         0
028 A031000         0
028 A041000     12007
028 B011000      7087
028 B021000         0
028 B031000         0
028 B041000      9791
028 C011000      3457
028 C021000         0
028 C031000         0
028 C041000     15145
028 D011000    297324
028 D021000         0
028 D031000         0
028 D041000     15557
028 E011000      9441
028 E021000         0
028 E031000         0
028 E041000     25746
028 F011000      5721
028 F021000         0
028 F031000         0
028 F041000     23361
028 G011000    326448
028 G021000         0
028 G031000         0
028 G041000    101607
028 H001000         0
<PAGE>      PAGE  119
045  001000 Y
046  001000 N
047  001000 Y
048  001000  0.000
048 A011000   100000
048 A021000 0.625
048 B011000   150000
048 B021000 0.500
048 C011000  9750000
048 C021000 0.450
048 D011000  2500000
048 D021000 0.440
048 E011000  2500000
048 E021000 0.420
048 F011000        0
048 F021000 0.000
048 G011000        0
048 G021000 0.000
048 H011000        0
048 H021000 0.000
048 I011000        0
048 I021000 0.000
048 J011000        0
048 J021000 0.000
048 K011000 15000000
048 K021000 0.400
049  001000 N
050  001000 N
051  001000 N
052  001000 N
053 A001000 N
054 A001000 Y
054 B001000 Y
054 C001000 Y
054 D001000 N
054 E001000 N
054 F001000 N
054 G001000 Y
054 H001000 Y
054 I001000 N
054 J001000 Y
054 K001000 N
054 L001000 Y
054 M001000 Y
054 N001000 N
054 O001000 N
055 A001000 N
055 B001000 N
056  001000 N
057  001000 N
058 A001000 Y
<PAGE>      PAGE  120
058 B001000 Y
058 C001000 Y
058 D001000 Y
058 E001000 N
059  001000 Y
060 A001000 Y
060 B001000 Y
061  001000     2000
062 A001000 Y
062 B001000   0.0
062 C001000   0.0
062 D001000   1.5
062 E001000   0.0
062 F001000   0.0
062 G001000   0.0
062 H001000   0.0
062 I001000   0.0
062 J001000   0.0
062 K001000   0.0
062 L001000   0.0
062 M001000   8.0
062 N001000  92.1
062 O001000   0.0
062 P001000   0.0
062 Q001000   0.0
062 R001000   0.0
063 A001000   0
063 B001000 20.1
064 A001000 N
064 B001000 N
066 A001000 N
067  001000 N
068 A001000 N
068 B001000 N
069  001000 N
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
<PAGE>      PAGE  121
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 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000     76112
071 B001000     88322
071 C001000    588829
071 D001000   13
072 A001000 12
072 B001000    46277
072 C001000        0
072 D001000        0
072 E001000        0
072 F001000     3162
072 G001000        0
072 H001000        0
072 I001000        0
072 J001000       13
072 K001000       48
072 L001000       33
072 M001000        5
072 N001000        0
072 O001000        0
072 P001000        0
072 Q001000        0
072 R001000       15
072 S001000        4
072 T001000        0
072 U001000        0
072 V001000        0
072 W001000        9
072 X001000     3289
072 Y001000        0
072 Z001000    42988
072AA001000     1255
<PAGE>      PAGE  122
072BB001000     1414
072CC011000        0
072CC021000    18937
072DD011000    41655
072DD021000        0
072EE001000        0
073 A011000   0.9715
073 A021000   0.0000
073 B001000   0.0000
073 C001000   0.0000
074 A001000        7
074 B001000    12618
074 C001000        0
074 D001000   845038
074 E001000        0
074 F001000        0
074 G001000        0
074 H001000        0
074 I001000        0
074 J001000      459
074 K001000        0
074 L001000     6646
074 M001000        0
074 N001000   864768
074 O001000    19809
074 P001000      347
074 Q001000        0
074 R011000        0
074 R021000        0
074 R031000        0
074 R041000      754
074 S001000        0
074 T001000   843858
074 U011000    62667
074 U021000        0
074 V011000    13.47
074 V021000     0.00
074 W001000   0.0000
074 X001000        3
074 Y001000    57008
075 A001000        0
075 B001000   645198
076  001000     0.00
008 A001101 DELETE
015 A001101 DELETE
015 A001102 DELETE
015 A001103 DELETE
015 A001104 DELETE
015 A001105 DELETE
015 A001106 DELETE
015 A001107 DELETE
<PAGE>      PAGE  123
015 A001108 DELETE
015 A001109 DELETE
015 A001110 DELETE
015 A001111 DELETE
015 A001112 DELETE
015 A001113 DELETE
015 A001114 DELETE
015 A001115 DELETE
015 A001116 DELETE
015 A001117 DELETE
015 A001118 DELETE
015 A001119 DELETE
015 A001120 DELETE
015 A001121 DELETE
015 A001122 DELETE
015 A001123 DELETE
015 A001124 DELETE
015 A001125 DELETE
015 A001126 DELETE
015 A001127 DELETE
015 A001128 DELETE
015 A001129 DELETE
015 A001130 DELETE
015 A001131 DELETE
015 A001132 DELETE
015 A001133 DELETE
015 A001134 DELETE
015 A001135 DELETE
015 A001136 DELETE
015 A001137 DELETE
015 A001138 DELETE
015 A001139 DELETE
015 A001140 DELETE
015 A001141 DELETE
015 A001142 DELETE
015 A001143 DELETE
015 A001144 DELETE
015 A001145 DELETE
015 A001146 DELETE
015 A001147 DELETE
015 A001148 DELETE
015 A001149 DELETE
028 A011100         0
028 A021100         0
028 A031100         0
028 A041100         0
028 B011100         0
028 B021100         0
028 B031100         0
028 B041100         0
028 C011100         0
<PAGE>      PAGE  124
028 C021100         0
028 C031100         0
028 C041100         0
028 D011100         0
028 D021100         0
028 D031100         0
028 D041100         0
028 E011100         0
028 E021100         0
028 E031100         0
028 E041100         0
028 F011100         0
028 F021100         0
028 F031100         0
028 F041100         0
028 G011100         0
028 G021100         0
028 G031100         0
028 G041100         0
028 H001100         0
045  001100 N
048  001100  0.000
048 A011100        0
048 A021100 0.000
048 B011100        0
048 B021100 0.000
048 C011100        0
048 C021100 0.000
048 D011100        0
048 D021100 0.000
048 E011100        0
048 E021100 0.000
048 F011100        0
048 F021100 0.000
048 G011100        0
048 G021100 0.000
048 H011100        0
048 H021100 0.000
048 I011100        0
048 I021100 0.000
048 J011100        0
048 J021100 0.000
048 K011100        0
048 K021100 0.000
055 A001100 N
055 B001100 N
056  001100 N
057  001100 N
061  001100        0
062 A001100 Y
062 B001100   0.0
<PAGE>      PAGE  125
062 C001100   0.0
062 D001100   0.0
062 E001100   0.0
062 F001100   0.0
062 G001100   0.0
062 H001100   0.0
062 I001100   0.0
062 J001100   0.0
062 K001100   0.0
062 L001100   0.0
062 M001100   0.0
062 N001100   0.0
062 O001100   0.0
062 P001100   0.0
062 Q001100   0.0
062 R001100   0.0
063 A001100   0
063 B001100  0.0
064 A001100 N
064 B001100 N
066 A001100 N
067  001100 N
068 A001100 N
068 B001100 N
069  001100 N
070 A011100 N
070 A021100 N
070 B011100 N
070 B021100 N
070 C011100 N
070 C021100 N
070 D011100 N
070 D021100 N
070 E011100 N
070 E021100 N
070 F011100 N
070 F021100 N
070 G011100 N
070 G021100 N
070 H011100 N
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 N
070 J021100 N
070 K011100 N
070 K021100 N
070 L011100 N
070 L021100 N
070 M011100 N
070 M021100 N
<PAGE>      PAGE  126
070 N011100 N
070 N021100 N
070 O011100 N
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100         0
071 B001100         0
071 C001100         0
071 D001100    0
072 A001100 12
072 B001100        0
072 C001100        0
072 D001100        0
072 E001100        0
072 F001100        0
072 G001100        0
072 H001100        0
072 I001100        0
072 J001100        0
072 K001100        0
072 L001100        0
072 M001100        0
072 N001100        0
072 O001100        0
072 P001100        0
072 Q001100        0
072 R001100        0
072 S001100        0
072 T001100        0
072 U001100        0
072 V001100        0
072 W001100        0
072 X001100        0
072 Y001100        0
072 Z001100        0
072AA001100        0
072BB001100        0
072CC011100        0
072CC021100        0
072DD011100        0
072DD021100        0
072EE001100        0
073 A011100   0.0000
073 A021100   0.0000
073 B001100   0.0000
073 C001100   0.0000
<PAGE>      PAGE  127
074 A001100        0
074 B001100        0
074 C001100        0
074 D001100        0
074 E001100        0
074 F001100        0
074 G001100        0
074 H001100        0
074 I001100        0
074 J001100        0
074 K001100        0
074 L001100        0
074 M001100        0
074 N001100        0
074 O001100        0
074 P001100        0
074 Q001100        0
074 R011100        0
074 R021100        0
074 R031100        0
074 R041100        0
074 S001100        0
074 T001100        0
074 U011100        0
074 U021100        0
074 V011100     0.00
074 V021100     0.00
074 W001100   0.0000
074 X001100        0
074 Y001100        0
075 A001100        0
075 B001100        0
076  001100     0.00
015 A001201 BANK OF NEW YORK
015 B001201 C
015 C011201 NEW YORK
015 C021201 NY
015 C031201 10286
015 E011201 X
015 A001202 THE BANK OF BOSTON
015 B001202 S
015 C011202 BUENOS AIRES
015 D011202 ARGENTINA
015 E041202 X
015 A001203 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001203 S
015 C011203 MELBOURNE
015 D011203 AUSTRALIA
015 E041203 X
015 A001204 CREDITANSTALT-BANKVEREIN
015 B001204 S
<PAGE>      PAGE  128
015 C011204 VIENNA
015 D011204 AUSTRIA
015 E041204 X
015 A001205 STANDARD CHARTERED BANK PLC
015 B001205 S
015 C011205 DHAKA
015 D011205 BANGLADESH
015 E041205 X
015 A001206 BANQUE BRUXELLES LAMBERT
015 B001206 S
015 C011206 BRUSSELS
015 D011206 BELGIUM
015 E041206 X
015 A001207 STANBIC BANK BOTSWANA LIMITED
015 B001207 S
015 C011207 GABORONE
015 D011207 BOTSWANA
015 E041207 X
015 A001208 THE FIRST NATIONAL BANK OF BOSTON
015 B001208 S
015 C011208 SAO PAULO
015 D011208 BRAZIL
015 E041208 X
015 A001209 ROYAL BANK OF CANADA
015 B001209 S
015 C011209 MONTREAL
015 D011209 CANADA
015 E041209 X
015 A001210 THE FIRST NATIONAL BANK OF BOSTON
015 B001210 S
015 C011210 SANTIAGO
015 D011210 CHILE
015 E041210 X
015 A001211 BANCO DE CHILE
015 B001211 S
015 C011211 SANTIAGO
015 D011211 CHILE
015 E041211 X
015 A001212 THE STANDARD CHARTERED BANK, HONG KONG
015 B001212 S
015 C011212 HONG KONG
015 D011212 CHINA
015 E041212 X
015 A001213 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B001213 S
015 C011213 BOGOTA
015 D011213 COLOMBIA
015 E041213 X
015 A001214 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001214 S
015 C011214 PRAGUE
<PAGE>      PAGE  129
015 D011214 CZECH REPUBLIC
015 E041214 X
015 A001215 DEN DANSKE BANK
015 B001215 S
015 C011215 COPENHAGEN
015 D011215 DENMARK
015 E041215 X
015 A001216 CITIBANK, N.A.
015 B001216 S
015 C011216 QUITO
015 D011216 ECUADOR
015 E041216 X
015 A001217 CITIBANK, N.A.
015 B001217 S
015 C011217 CAIRO
015 D011217 EGYPT
015 E041217 X
015 A001218 MERITA BANK LTD.
015 B001218 S
015 C011218 HELSINKI
015 D011218 FINLAND
015 E041218 X
015 A001219 BANQUE PARIBAS
015 B001219 S
015 C011219 PARIS
015 D011219 FRANCE
015 E041219 X
015 A001220 CREDIT COMMERCIAL DE FRANCE
015 B001220 S
015 C011220 PARIS
015 D011220 FRANCE
015 E041220 X
015 A001221 DRESDNER BANK A.G.
015 B001221 S
015 C011221 FRANKFURT
015 D011221 GERMANY
015 E041221 X
015 A001222 MERCHANT BANK LIMITED
015 B001222 S
015 C011222 ACCRA
015 D011222 GHANA
015 E041222 X
015 A001223 NATIONAL BANK OF GREECE S.A.
015 B001223 S
015 C011223 ATHENS
015 D011223 GREECE
015 E041223 X
015 A001224 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001224 S
015 C011224 HONG KONG
015 D011224 HONG KONG
<PAGE>      PAGE  130
015 E041224 X
015 A001225 CITIBANK BUDAPEST RT.
015 B001225 S
015 C011225 BUDAPEST
015 D011225 HUNGARY
015 E041225 X
015 A001226 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001226 S
015 C011226 MUMBAI
015 D011226 INDIA
015 E041226 X
015 A001227 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001227 S
015 C011227 JAKARTA
015 D011227 INDONESIA
015 E041227 X
015 A001228 ALLIED IRISH BANKS, PLC
015 B001228 S
015 C011228 DUBLIN
015 D011228 IRELAND
015 E041228 X
015 A001229 BANK LEUMI LE-ISRAEL, B.M.
015 B001229 S
015 C011229 TEL AVIV
015 D011229 ISRAEL
015 E041229 X
015 A001230 BANCA COMMERCIALE ITALIANA
015 B001230 S
015 C011230 MILAN
015 D011230 ITALY
015 E041230 X
015 A001231 BANQUE PARIBAS
015 B001231 S
015 C011231 MILAN
015 D011231 ITALY
015 E041231 X
015 A001232 JASDEC
015 B001232 S
015 C011232 TOKYO
015 D011232 JAPAN
015 E041232 X
015 A001233 BANK OF TOKYO MITSUBISHI
015 B001233 S
015 C011233 TOKYO
015 D011233 JAPAN
015 E041233 X
015 A001234 THE BRITISH BANK OF THE MIDDLE EAST
015 B001234 S
015 C011234 AMMAN
015 D011234 JORDAN
015 E041234 X
<PAGE>      PAGE  131
015 A001235 STANBIC BANK KENYA LIMITED
015 B001235 S
015 C011235 NAIROBI
015 D011235 KENYA
015 E041235 X
015 A001236 CEDEL
015 B001236 S
015 C011236 LUXEMBOURG CITY
015 D011236 LUXEMBOURG
015 E041236 X
015 A001237 BANQUE INTERNATIONALE A LUXEMBOURG
015 B001237 S
015 C011237 LUXEMBOURG CITY
015 D011237 LUXEMBOURG
015 E041237 X
015 A001238 THE HONGKONG BANK MALAYSIA BERHAD
015 B001238 S
015 C011238 KUALA LUMPUR
015 D011238 MALAYSIA
015 E041238 X
015 A001239 BANCO NACIONAL DE MEXICO
015 B001239 S
015 C011239 MEXICO CITY
015 D011239 MEXICO
015 E041239 X
015 A001240 BANQUE COMMERCIALE DU MAROC
015 B001240 S
015 C011240 CASABLANCA
015 D011240 MOROCCO
015 E041240 X
015 A001241 STANBIC BANK NAMIBIA LIMITED
015 B001241 S
015 C011241 WINDHOEK
015 D011241 NAMIBIA
015 E041241 X
015 A001242 KAS-ASSOCIATIE NV
015 B001242 S
015 C011242 AMSTERDAM
015 D011242 NETHERLANDS
015 E041242 X
015 A001243 MEESPIERSON NV
015 B001243 S
015 C011243 AMSTERDAM
015 D011243 NETHERLANDS
015 E041243 X
015 A001244 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001244 S
015 C011244 WELLINGTON
015 D011244 NEW ZEALAND
015 E041244 X
015 A001245 STANBIC MERCHANT BANK NIGERIA LIMITED
<PAGE>      PAGE  132
015 B001245 S
015 C011245 LAGOS
015 D011245 NIGERIA
015 E041245 X
015 A001246 DEN NORSKE BANK
015 B001246 S
015 C011246 OSLO
015 D011246 NORWAY
015 E041246 X
015 A001247 STANDARD CHARTERED BANK
015 B001247 S
015 C011247 KARACHI
015 D011247 PAKISTAN
015 E041247 X
015 A001248 CITIBANK, N.A.
015 B001248 S
015 C011248 LIMA
015 D011248 PERU
015 E041248 X
015 A001249 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001249 S
015 C011249 MANILA
015 D011249 PHILIPPINES
015 E041249 X
015 A001250 BANK HANDLOWY W. WARZAWIE, S.A.
015 B001250 S
015 C011250 WARSAW
015 D011250 POLAND
015 E041250 X
015 A001251 BANCO COMERCIAL PORTUGUES
015 B001251 S
015 C011251 LISBON
015 D011251 PORTUGAL
015 E041251 X
015 A001252 UNITED OVERSEAS BANK LIMITED
015 B001252 S
015 C011252 SINGAPORE
015 D011252 SINGAPORE
015 E041252 X
015 A001253 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B001253 S
015 C011253 SINGAPORE
015 D011253 SINGAPORE
015 E041253 X
015 A001254 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001254 S
015 C011254 BRATISLAVA
015 D011254 SLOVAK REPUBLIC
015 E041254 X
015 A001255 STANDARD CORPORATE AND MERCHANT BANK
015 B001255 S
<PAGE>      PAGE  133
015 C011255 JOHANNESBURG
015 D011255 SOUTH AFRICA
015 E041255 X
015 A001256 SEOULBANK
015 B001256 S
015 C011256 SEOUL
015 D011256 SOUTH KOREA
015 E041256 X
015 A001257 BANCO BILBAO VIZCAYA
015 B001257 S
015 C011257 MADRID
015 D011257 SPAIN
015 E041257 X
015 A001258 STANDARD CHARTERED BANK
015 B001258 S
015 C011258 COLOMBO
015 D011258 SRI LANKA
015 E041258 X
015 A001259 STANBIC BANK SWAZILAND LTD.
015 B001259 S
015 C011259 MBABANE
015 D011259 SWAZILAND
015 E041259 X
015 A001260 SKANDINAVISKA ENSKILDA BANKEN
015 B001260 S
015 C011260 STOCKHOLM
015 D011260 SWEDEN
015 E041260 X
015 A001261 UNION BANK OF SWITZERLAND
015 B001261 S
015 C011261 ZURICH
015 D011261 SWITZERLAND
015 E041261 X
015 A001262 BANK LEU LTD.
015 B001262 S
015 C011262 ZURICH
015 D011262 SWITZERLAND
015 E041262 X
015 A001263 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001263 S
015 C011263 TAIPEI
015 D011263 TAIWAN
015 E041263 X
015 A001264 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LTD.
015 B001264 S
015 C011264 BANGKOK
015 D011264 THAILAND
015 E041264 X
015 A001265 BANGKOK BANK PUBLIC COMPANY LTD.
015 B001265 S
015 C011265 BANGKOK
<PAGE>      PAGE  134
015 D011265 THAILAND
015 E041265 X
015 A001266 CITIBANK, N.A.
015 B001266 S
015 C011266 ISTANBUL
015 D011266 TURKEY
015 E041266 X
015 A001267 THE BANK OF NEW YORK
015 B001267 S
015 C011267 LONDON
015 D011267 UNITED KINGDOM
015 E041267 X
015 A001268 FIRST CHICAGO CLEARING CENTRE
015 B001268 S
015 C011268 LONDON
015 D011268 UNITED KINGDOM
015 E041268 X
015 A001269 THE FIRST NATIONAL BANK OF BOSTON
015 B001269 S
015 C011269 MONTEVIDEO
015 D011269 URUGUAY
015 E041269 X
015 A001270 CITIBANK, N.A.
015 B001270 S
015 C011270 CARACAS
015 D011270 VENEZUELA
015 E041270 X
015 A001271 STANBIC BANK ZAMBIA LIMITED
015 B001271 S
015 C011271 LUSAKA
015 D011271 ZAMBIA
015 E041271 X
015 A001272 STANBIC BANK ZIMBABWE LIMITED
015 B001272 S
015 C011272 HARARE
015 D011272 ZIMBABWE
015 E041272 X
024  001200 N
028 A011200      2604
028 A021200         0
028 A031200         0
028 A041200      2431
028 B011200      2279
028 B021200         0
028 B031200         0
028 B041200      2571
028 C011200       879
028 C021200         0
028 C031200         0
028 C041200      2381
028 D011200       877
<PAGE>      PAGE  135
028 D021200         0
028 D031200         0
028 D041200      2693
028 E011200       661
028 E021200         0
028 E031200         0
028 E041200      2865
028 F011200       771
028 F021200         0
028 F031200         0
028 F041200      2562
028 G011200      8071
028 G021200         0
028 G031200         0
028 G041200     15503
028 H001200         0
045  001200 Y
046  001200 N
047  001200 Y
048  001200  0.000
048 A011200   100000
048 A021200 0.625
048 B011200   150000
048 B021200 0.500
048 C011200  9750000
048 C021200 0.450
048 D011200  2500000
048 D021200 0.440
048 E011200  2500000
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
054 A001200 Y
054 B001200 Y
054 C001200 Y
054 D001200 Y
054 E001200 Y
054 F001200 Y
054 G001200 Y
054 H001200 Y
054 I001200 N
<PAGE>      PAGE  136
054 J001200 Y
054 K001200 Y
054 L001200 Y
054 M001200 Y
054 N001200 Y
054 O001200 Y
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
060 B001200 Y
061  001200     2000
062 A001200 Y
062 B001200   0.0
062 C001200   0.0
062 D001200   0.1
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  18.3
062 N001200  80.3
062 O001200   0.0
062 P001200   0.0
062 Q001200   1.4
062 R001200   0.0
063 A001200   0
063 B001200  4.0
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
<PAGE>      PAGE  137
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 N
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 N
070 K021200 N
070 L011200 Y
070 L021200 N
070 M011200 Y
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 N
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200       765
071 B001200     10968
071 C001200    132554
071 D001200    1
072 A001200 12
072 B001200     8677
072 C001200        0
072 D001200        0
072 E001200        0
072 F001200      790
072 G001200        0
072 H001200        0
072 I001200        0
072 J001200        4
072 K001200       10
072 L001200        7
072 M001200        1
072 N001200        0
072 O001200        0
072 P001200        0
<PAGE>      PAGE  138
072 Q001200        0
072 R001200        5
072 S001200        0
072 T001200        0
072 U001200        0
072 V001200        0
072 W001200        4
072 X001200      821
072 Y001200      296
072 Z001200     8152
072AA001200      273
072BB001200       89
072CC011200        0
072CC021200     5249
072DD011200     7341
072DD021200        0
072EE001200       72
073 A011200   0.8609
073 A021200   0.0000
073 B001200   0.0085
073 C001200   0.0000
074 A001200        0
074 B001200       70
074 C001200        0
074 D001200   129618
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   129688
074 O001200        0
074 P001200       44
074 Q001200        0
074 R011200        0
074 R021200        0
074 R031200        0
074 R041200       43
074 S001200        0
074 T001200   129601
074 U011200     8530
074 U021200        0
074 V011200    15.19
074 V021200     0.00
074 W001200   0.0000
074 X001200        3
074 Y001200    18877
<PAGE>      PAGE  139
075 A001200        0
075 B001200   132666
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
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 GABORONE
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
<PAGE>      PAGE  140
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 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B001313 S
015 C011313 BOGOTA
015 D011313 COLOMBIA
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.
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
<PAGE>      PAGE  141
015 D011320 FRANCE
015 E041320 X
015 A001321 DRESDNER BANK A.G.
015 B001321 S
015 C011321 FRANKFURT
015 D011321 GERMANY
015 E041321 X
015 A001322 MERCHANT BANK 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
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
<PAGE>      PAGE  142
015 E041330 X
015 A001331 BANQUE PARIBAS
015 B001331 S
015 C011331 MILAN
015 D011331 ITALY
015 E041331 X
015 A001332 JASDEC
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
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
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
<PAGE>      PAGE  143
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
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
<PAGE>      PAGE  144
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 OBCHODNI BANKA, A.S.
015 B001354 S
015 C011354 BRATISLAVA
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 LTD.
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
<PAGE>      PAGE  145
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
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.
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
<PAGE>      PAGE  146
015 D011371 ZAMBIA
015 E041371 X
015 A001372 STANBIC BANK ZIMBABWE LIMITED
015 B001372 S
015 C011372 HARARE
015 D011372 ZIMBABWE
015 E041372 X
024  001300 N
028 A011300      1521
028 A021300         0
028 A031300         0
028 A041300      1818
028 B011300      1580
028 B021300         0
028 B031300         0
028 B041300      1016
028 C011300      1202
028 C021300         0
028 C031300         0
028 C041300      1783
028 D011300       807
028 D021300         0
028 D031300         0
028 D041300      1554
028 E011300       554
028 E021300         0
028 E031300         0
028 E041300      1366
028 F011300      1144
028 F021300         0
028 F031300         0
028 F041300      1129
028 G011300      6808
028 G021300         0
028 G031300         0
028 G041300      8666
028 H001300         0
045  001300 Y
046  001300 N
047  001300 Y
048  001300  0.000
048 A011300   100000
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
<PAGE>      PAGE  147
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 Y
054 E001300 Y
054 F001300 Y
054 G001300 Y
054 H001300 Y
054 I001300 N
054 J001300 Y
054 K001300 Y
054 L001300 Y
054 M001300 Y
054 N001300 Y
054 O001300 Y
055 A001300 N
055 B001300 N
056  001300 N
057  001300 N
058 A001300 Y
058 B001300 Y
058 C001300 Y
058 D001300 Y
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   0.1
<PAGE>      PAGE  148
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  21.0
062 N001300  75.8
062 O001300   0.0
062 P001300   1.1
062 Q001300   2.1
062 R001300   0.0
063 A001300   0
063 B001300  8.7
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
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
<PAGE>      PAGE  149
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      2227
071 B001300      1654
071 C001300     80124
071 D001300    2
072 A001300 12
072 B001300     5259
072 C001300        0
072 D001300        0
072 E001300        0
072 F001300      504
072 G001300        0
072 H001300        0
072 I001300        0
072 J001300        2
072 K001300        6
072 L001300        4
072 M001300        1
072 N001300        0
072 O001300        0
072 P001300        0
072 Q001300        0
072 R001300        3
072 S001300        0
072 T001300        0
072 U001300        0
072 V001300        0
072 W001300        3
072 X001300      523
072 Y001300      204
072 Z001300     4940
072AA001300       31
072BB001300       12
072CC011300        0
072CC021300     5309
072DD011300     4218
072DD021300        0
072EE001300        0
073 A011300   0.8612
073 A021300   0.0000
073 B001300   0.0000
073 C001300   0.0000
074 A001300        0
074 B001300       94
<PAGE>      PAGE  150
074 C001300        0
074 D001300    82553
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    82647
074 O001300        0
074 P001300       29
074 Q001300        0
074 R011300        0
074 R021300        0
074 R031300        0
074 R041300       15
074 S001300        0
074 T001300    82603
074 U011300     5053
074 U021300        0
074 V011300    16.35
074 V021300     0.00
074 W001300   0.0000
074 X001300        3
074 Y001300     2148
075 A001300        0
075 B001300    80357
076  001300     0.00
015 A001401 BANK OF NEW YORK
015 B001401 C
015 C011401 NEW YORK
015 C021401 NY
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
<PAGE>      PAGE  151
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 E051408 +
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
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
<PAGE>      PAGE  152
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
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
<PAGE>      PAGE  153
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
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
<PAGE>      PAGE  154
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
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
<PAGE>      PAGE  155
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
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
<PAGE>      PAGE  156
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
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
<PAGE>      PAGE  157
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
024  001400 N
028 A011400      3044
028 A021400         0
028 A031400         0
028 A041400      2117
028 B011400      2751
028 B021400         0
028 B031400         0
028 B041400      2275
028 C011400      1772
028 C021400         0
028 C031400         0
028 C041400      2405
028 D011400      1657
028 D021400         0
<PAGE>      PAGE  158
028 D031400         0
028 D041400      4932
028 E011400      2918
028 E021400         0
028 E031400         0
028 E041400      4362
028 F011400      3073
028 F021400         0
028 F031400         0
028 F041400      4433
028 G011400     15215
028 G021400         0
028 G031400         0
028 G041400     20524
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
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
<PAGE>      PAGE  159
054 D001400 Y
054 E001400 Y
054 F001400 Y
054 G001400 Y
054 H001400 Y
054 I001400 N
054 J001400 Y
054 K001400 Y
054 L001400 Y
054 M001400 Y
054 N001400 Y
054 O001400 Y
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
062 D001400   0.2
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  13.1
062 N001400  82.5
062 O001400   0.0
062 P001400   0.0
062 Q001400   5.0
062 R001400   0.0
063 A001400   0
063 B001400 13.7
064 A001400 N
064 B001400 N
066 A001400 N
067  001400 N
068 A001400 N
068 B001400 N
<PAGE>      PAGE  160
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
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     12568
071 B001400     14093
071 C001400     78061
071 D001400   16
072 A001400 12
072 B001400     5189
072 C001400        0
072 D001400        0
072 E001400        0
072 F001400      490
072 G001400        0
072 H001400        0
072 I001400        0
072 J001400        2
<PAGE>      PAGE  161
072 K001400        6
072 L001400        4
072 M001400        1
072 N001400        0
072 O001400        0
072 P001400        0
072 Q001400        0
072 R001400        3
072 S001400        0
072 T001400        0
072 U001400        0
072 V001400        0
072 W001400        3
072 X001400      509
072 Y001400      198
072 Z001400     4878
072AA001400      308
072BB001400      500
072CC011400        0
072CC021400     6861
072DD011400     4092
072DD021400        0
072EE001400     1109
073 A011400   0.8780
073 A021400   0.0000
073 B001400   0.2380
073 C001400   0.0000
074 A001400        0
074 B001400      146
074 C001400        0
074 D001400    79267
074 E001400        0
074 F001400        0
074 G001400        0
074 H001400        0
074 I001400        0
074 J001400        0
074 K001400        0
074 L001400       57
074 M001400        0
074 N001400    79470
074 O001400        0
074 P001400       17
074 Q001400        0
074 R011400        0
074 R021400        0
074 R031400        0
074 R041400      637
074 S001400        0
074 T001400    78816
074 U011400     4839
<PAGE>      PAGE  162
074 U021400        0
074 V011400    16.29
074 V021400     0.00
074 W001400   0.0000
074 X001400        3
074 Y001400        0
075 A001400        0
075 B001400    78202
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.
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
<PAGE>      PAGE  163
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
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
<PAGE>      PAGE  164
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
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
<PAGE>      PAGE  165
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
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
<PAGE>      PAGE  166
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
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
<PAGE>      PAGE  167
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
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
<PAGE>      PAGE  168
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.
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
<PAGE>      PAGE  169
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
024  001500 N
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
<PAGE>      PAGE  170
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
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
<PAGE>      PAGE  171
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
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
<PAGE>      PAGE  172
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
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
<PAGE>      PAGE  173
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
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
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
<PAGE>      PAGE  174
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
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
<PAGE>      PAGE  175
015 D011612 CHINA
015 E041612 X
015 A001613 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
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
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.
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 A.G.
015 B001621 S
015 C011621 FRANKFURT
015 D011621 GERMANY
015 E041621 X
015 A001622 MERCHANT BANK LIMITED
015 B001622 S
015 C011622 ACCRA
015 D011622 GHANA
<PAGE>      PAGE  176
015 E041622 X
015 A001623 NATIONAL BANK OF GREECE S.A.
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
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
015 B001631 S
015 C011631 MILAN
015 D011631 ITALY
015 E041631 X
015 A001632 JASDEC
015 B001632 S
015 C011632 TOKYO
015 D011632 JAPAN
015 E041632 X
<PAGE>      PAGE  177
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
015 A001636 CEDEL
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 NV
<PAGE>      PAGE  178
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
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. WARZAWIE, S.A.
015 B001650 S
015 C011650 WARSAW
015 D011650 POLAND
015 E041650 X
015 A001651 BANCO COMERCIAL PORTUGUES
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 LTD.
015 B001653 S
<PAGE>      PAGE  179
015 C011653 SINGAPORE
015 D011653 SINGAPORE
015 E041653 X
015 A001654 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
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
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 LTD.
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
<PAGE>      PAGE  180
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.
015 B001666 S
015 C011666 ISTANBUL
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
028 A011600      6102
028 A021600         0
028 A031600         0
<PAGE>      PAGE  181
028 A041600     13490
028 B011600      8405
028 B021600         0
028 B031600         0
028 B041600      7538
028 C011600     10634
028 C021600         0
028 C031600         0
028 C041600      5550
028 D011600     10436
028 D021600         0
028 D031600         0
028 D041600      9850
028 E011600     22553
028 E021600         0
028 E031600         0
028 E041600      8752
028 F011600      9281
028 F021600         0
028 F031600         0
028 F041600     10288
028 G011600     67411
028 G021600         0
028 G031600         0
028 G041600     55468
028 H001600         0
045  001600 Y
046  001600 N
047  001600 Y
048  001600  0.000
048 A011600   500000
048 A021600 0.750
048 B011600   500000
048 B021600 0.625
048 C011600        0
048 C021600 0.000
048 D011600        0
048 D021600 0.000
048 E011600        0
048 E021600 0.000
048 F011600        0
048 F021600 0.000
048 G011600        0
048 G021600 0.000
048 H011600        0
048 H021600 0.000
048 I011600        0
048 I021600 0.000
048 J011600        0
048 J021600 0.000
048 K011600  1000000
<PAGE>      PAGE  182
048 K021600 0.500
049  001600 N
050  001600 N
051  001600 N
052  001600 N
053 A001600 N
054 A001600 Y
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
<PAGE>      PAGE  183
062 R001600   0.0
063 A001600   0
063 B001600  0.0
066 A001600 Y
066 B001600 N
066 C001600 N
066 D001600 N
066 E001600 Y
066 F001600 N
066 G001600 N
067  001600 N
068 A001600 N
068 B001600 N
069  001600 N
070 A011600 Y
070 A021600 Y
070 B011600 Y
070 B021600 N
070 C011600 Y
070 C021600 N
070 D011600 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    203203
<PAGE>      PAGE  184
071 B001600    130166
071 C001600    465297
071 D001600   28
072 A001600 12
072 B001600     2407
072 C001600    11432
072 D001600        0
072 E001600        0
072 F001600     3786
072 G001600        0
072 H001600        0
072 I001600        0
072 J001600       10
072 K001600       37
072 L001600       25
072 M001600        3
072 N001600        0
072 O001600        0
072 P001600        0
072 Q001600        0
072 R001600       13
072 S001600        3
072 T001600        0
072 U001600        0
072 V001600        0
072 W001600        6
072 X001600     3883
072 Y001600        0
072 Z001600     9956
072AA001600    37687
072BB001600     6173
072CC011600    71866
072CC021600        0
072DD011600    10369
072DD021600        0
072EE001600        0
073 A011600   0.2787
073 A021600   0.0000
073 B001600   0.0000
073 C001600   0.0000
074 A001600      172
074 B001600    16807
074 C001600        0
074 D001600        0
074 E001600        0
074 F001600   581341
074 G001600        0
074 H001600        0
074 I001600        0
074 J001600        0
074 K001600        0
<PAGE>      PAGE  185
074 L001600     1332
074 M001600        0
074 N001600   599652
074 O001600     1853
074 P001600      360
074 Q001600        0
074 R011600        0
074 R021600        0
074 R031600        0
074 R041600       15
074 S001600        0
074 T001600   597424
074 U011600    38792
074 U021600        0
074 V011600    15.40
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
<PAGE>      PAGE  186
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
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 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B001713 S
015 C011713 BOGOTA
015 D011713 COLOMBIA
015 E041713 X
<PAGE>      PAGE  187
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
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.
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 A.G.
015 B001721 S
015 C011721 FRANKFURT
015 D011721 GERMANY
015 E041721 X
015 A001722 MERCHANT BANK LIMITED
015 B001722 S
015 C011722 ACCRA
015 D011722 GHANA
015 E041722 X
015 A001723 NATIONAL BANK OF GREECE S.A.
015 B001723 S
015 C011723 ATHENS
015 D011723 GREECE
015 E041723 X
015 A001724 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
<PAGE>      PAGE  188
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
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
015 B001731 S
015 C011731 MILAN
015 D011731 ITALY
015 E041731 X
015 A001732 JASDEC
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
<PAGE>      PAGE  189
015 C011734 AMMAN
015 D011734 JORDAN
015 E041734 X
015 A001735 STANBIC BANK KENYA LIMITED
015 B001735 S
015 C011735 NAIROBI
015 D011735 KENYA
015 E041735 X
015 A001736 CEDEL
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 NV
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
<PAGE>      PAGE  190
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
015 A001746 DEN NORSKE BANK
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. WARZAWIE, S.A.
015 B001750 S
015 C011750 WARSAW
015 D011750 POLAND
015 E041750 X
015 A001751 BANCO COMERCIAL PORTUGUES
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 LTD.
015 B001753 S
015 C011753 SINGAPORE
015 D011753 SINGAPORE
015 E041753 X
015 A001754 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001754 S
015 C011754 BRATISLAVA
015 D011754 SLOVAK REPUBLIC
<PAGE>      PAGE  191
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
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 LTD.
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
<PAGE>      PAGE  192
015 A001765 BANGKOK BANK PUBLIC COMPANY LTD.
015 B001765 S
015 C011765 BANGKOK
015 D011765 THAILAND
015 E041765 X
015 A001766 CITIBANK, N.A.
015 B001766 S
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.
<PAGE>      PAGE  193
015 B001775 S
015 C011775 AMSTERDAM
015 D011775 NETHERLANDS
015 E041775 X
015 A001776 NATIONAL NOMINEES LIMITED
015 B001776 S
015 C011776 AUCKLAND
015 D011776 NEW ZEALAND
015 E041776 X
015 A001777 DEN NORSKE BANK
015 B001777 S
015 C011777 OSLO
015 D011777 NORWAY
015 E041777 X
015 A001778 CITIBANK, N.A.
015 B001778 S
015 C011778 KARACHI
015 D011778 PAKISTAN
015 E041778 X
015 A001779 DEUTSCHE BANK, A.G., KARACHI
015 B001779 S
015 C011779 KARACHI
015 D011779 PAKISTAN
015 E041779 X
015 A001780 CITIBANK, N.A.
015 B001780 S
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
<PAGE>      PAGE  194
015 C011785 ZURICH
015 D011785 SWITZERLAND
015 E041785 X
015 A001786 THE CHASE MANHATTAN BANK, N.A.
015 B001786 S
015 C011786 TAIPEI
015 D011786 TAIWAN (ROC)
015 E041786 X
015 A001787 THE CHASE MANHATTAN BANK, N.A.
015 B001787 S
015 C011787 BANGKOK
015 D011787 THAILAND
015 E041787 X
015 A001788 CHS. MAN. BNK. NA TAKA VE SAK. AS (TVS) (DEP)
015 B001788 S
015 C011788 ISTANBUL
015 D011788 TURKEY
015 E041788 X
015 A001789 THE CHASE MANHATTAN BANK, N.A.
015 B001789 S
015 C011789 LONDON
015 D011789 UNITED KINGDOM
015 E041789 X
015 A001790 FIRST NATIONAL BANK OF CHICAGO
015 B001790 S
015 C011790 LONDON
015 D011790 UNITED KINGDOM
015 E041790 X
015 A001791 THE FIRST NATIONAL BANK OF BOSTON
015 B001791 S
015 C011791 MONTEVIDEO
015 D011791 URUGUAY
015 E041791 X
015 A001792 BARCLAYS BANK PLC
015 B001792 S
015 C011792 HARARE
015 D011792 ZIMBABWE
015 E041792 X
015 A001793 CITIBANK BUDAPEST RT.
015 B001793 S
015 C011793 BUDAPEST
015 D011793 HUNGARY
015 E041793 X
015 A001794 THE CHASE MANHATTAN BANK, N.A.
015 B001794 C
015 C011794 NEW YORK
015 C021794 NY
015 C031794 10081
015 E011794 X
015 A001795 BARCLAYS BANK OF KENYA LTD.
015 B001795 S
<PAGE>      PAGE  195
015 C011795 NAIROBI
015 D011795 KENYA
015 E041795 X
015 A001796 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001796 S
015 C011796 BRATISLAVA
015 D011796 SLOVAKIA
015 E041796 X
015 A001797 BARCLAYS BANK OF ZAMBIA LTD.
015 B001797 S
015 C011797 LUSAKA
015 D011797 ZAMBIA
015 E041797 X
015 A001798 AUSTRACLEAR NEW ZEALAND (DEPOSITORY)
015 B001798 S
015 C011798 WELLINGTON
015 D011798 NEW ZEALAND
015 E041798 X
024  001700 N
028 A011700     11964
028 A021700         0
028 A031700         0
028 A041700     19462
028 B011700     13676
028 B021700         0
028 B031700         0
028 B041700     11867
028 C011700     12848
028 C021700         0
028 C031700         0
028 C041700     13140
028 D011700      8961
028 D021700         0
028 D031700         0
028 D041700     15244
028 E011700     12927
028 E021700         0
028 E031700         0
028 E041700     16327
028 F011700     10371
028 F021700         0
028 F031700         0
028 F041700     25213
028 G011700     70747
028 G021700         0
028 G031700         0
028 G041700    101253
028 H001700         0
045  001700 Y
046  001700 N
047  001700 Y
<PAGE>      PAGE  196
048  001700  0.000
048 A011700   100000
048 A021700 1.000
048 B011700   150000
048 B021700 0.900
048 C011700   250000
048 C021700 0.800
048 D011700        0
048 D021700 0.000
048 E011700        0
048 E021700 0.000
048 F011700        0
048 F021700 0.000
048 G011700        0
048 G021700 0.000
048 H011700        0
048 H021700 0.000
048 I011700        0
048 I021700 0.000
048 J011700        0
048 J021700 0.000
048 K011700   500000
048 K021700 0.750
049  001700 N
050  001700 N
051  001700 N
052  001700 N
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
056  001700 Y
057  001700 N
058 A001700 Y
058 B001700 Y
058 C001700 Y
058 D001700 Y
<PAGE>      PAGE  197
058 E001700 N
059  001700 Y
060 A001700 Y
060 B001700 Y
061  001700     2000
062 A001700 N
062 B001700   0.0
062 C001700   0.0
062 D001700   0.0
062 E001700   0.0
062 F001700   0.0
062 G001700   0.0
062 H001700   0.0
062 I001700   0.0
062 J001700   0.0
062 K001700   0.0
062 L001700   0.0
062 M001700   0.0
062 N001700   0.0
062 O001700   0.0
062 P001700   0.0
062 Q001700   0.0
062 R001700   0.0
063 A001700   0
063 B001700  0.0
066 A001700 Y
066 B001700 N
066 C001700 N
066 D001700 Y
066 E001700 N
066 F001700 N
066 G001700 N
067  001700 N
068 A001700 N
068 B001700 Y
069  001700 N
070 A011700 Y
070 A021700 Y
070 B011700 Y
070 B021700 N
070 C011700 Y
070 C021700 N
070 D011700 Y
070 D021700 N
070 E011700 Y
070 E021700 N
070 F011700 Y
070 F021700 N
070 G011700 Y
070 G021700 N
070 H011700 Y
<PAGE>      PAGE  198
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     46047
071 B001700     47657
071 C001700    358322
071 D001700   13
072 A001700 12
072 B001700      815
072 C001700     8546
072 D001700        0
072 E001700        0
072 F001700     3344
072 G001700        0
072 H001700        0
072 I001700        0
072 J001700      280
072 K001700       23
072 L001700       21
072 M001700        3
072 N001700       10
072 O001700        0
072 P001700        0
072 Q001700        0
072 R001700       11
072 S001700        3
072 T001700        0
072 U001700        0
072 V001700        0
072 W001700        5
072 X001700     3700
072 Y001700        0
072 Z001700     5661
<PAGE>      PAGE  199
072AA001700     7146
072BB001700    11459
072CC011700    36733
072CC021700        0
072DD011700    10992
072DD021700        0
072EE001700     6370
073 A011700   0.4400
073 A021700   0.0000
073 B001700   0.2550
073 C001700   0.0000
074 A001700        0
074 B001700     8871
074 C001700        0
074 D001700      976
074 E001700        0
074 F001700   348334
074 G001700        0
074 H001700        0
074 I001700        0
074 J001700       17
074 K001700        0
074 L001700      862
074 M001700        0
074 N001700   359060
074 O001700       30
074 P001700      275
074 Q001700        0
074 R011700        0
074 R021700        0
074 R031700        0
074 R041700     1996
074 S001700        0
074 T001700   356759
074 U011700    24171
074 U021700        0
074 V011700    14.76
074 V021700     0.00
074 W001700   0.0000
074 X001700        3
074 Y001700        0
075 A001700        0
075 B001700   374669
076  001700     0.00
008 A001801 FRANKLIN ADVISERS, INC.
008 B001801 A
008 C001801 801-26292
008 D011801 SAN MATEO
008 D021801 CA
008 D031801 94403
008 D041801 7777
<PAGE>      PAGE  200
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
015 C011808 SAO PAULO
015 D011808 BRAZIL
015 E041808 X
015 E051808 -
015 A001809 ROYAL BANK OF CANADA
015 B001809 S
<PAGE>      PAGE  201
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 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
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.
015 B001817 S
015 C011817 CAIRO
015 D011817 EGYPT
015 E041817 X
015 A001818 MERITA BANK LTD.
015 B001818 S
015 C011818 HELSINKI
015 D011818 FINLAND
015 E041818 X
015 A001819 BANQUE PARIBAS
015 B001819 S
015 C011819 PARIS
<PAGE>      PAGE  202
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 A.G.
015 B001821 S
015 C011821 FRANKFURT
015 D011821 GERMANY
015 E041821 X
015 A001822 MERCHANT BANK LIMITED
015 B001822 S
015 C011822 ACCRA
015 D011822 GHANA
015 E041822 X
015 A001823 NATIONAL BANK OF GREECE S.A.
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
015 D011828 IRELAND
015 E041828 X
015 A001829 BANK LEUMI LE-ISRAEL, B.M.
015 B001829 S
015 C011829 TEL AVIV
015 D011829 ISRAEL
<PAGE>      PAGE  203
015 E041829 X
015 A001830 BANCA COMMERCIALE ITALIANA
015 B001830 S
015 C011830 MILAN
015 D011830 ITALY
015 E041830 X
015 A001831 BANQUE PARIBAS
015 B001831 S
015 C011831 MILAN
015 D011831 ITALY
015 E041831 X
015 A001832 JASDEC
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
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
015 E041838 X
015 A001839 BANCO NACIONAL DE MEXICO
015 B001839 S
015 C011839 MEXICO CITY
015 D011839 MEXICO
015 E041839 X
<PAGE>      PAGE  204
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 NV
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
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
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.
<PAGE>      PAGE  205
015 B001850 S
015 C011850 WARSAW
015 D011850 POLAND
015 E041850 X
015 A001851 BANCO COMERCIAL PORTUGUES
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 LTD.
015 B001853 S
015 C011853 SINGAPORE
015 D011853 SINGAPORE
015 E041853 X
015 A001854 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
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 LTD.
015 B001859 S
015 C011859 MBABANE
015 D011859 SWAZILAND
015 E041859 X
015 A001860 SKANDINAVISKA ENSKILDA BANKEN
015 B001860 S
<PAGE>      PAGE  206
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.
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
015 C011869 MONTEVIDEO
015 D011869 URUGUAY
015 E041869 X
015 A001870 CITIBANK, N.A.
015 B001870 S
015 C011870 CARACAS
<PAGE>      PAGE  207
015 D011870 VENEZUELA
015 E041870 X
015 A001871 STANBIC BANK ZAMBIA LIMITED
015 B001871 S
015 C011871 LUSAKA
015 D011871 ZAMBIA
015 E041871 X
015 A001872 STANBIC BANK ZIMBABWE LIMITED
015 B001872 S
015 C011872 HARARE
015 D011872 ZIMBABWE
015 E041872 X
015 A001873 DELETE
015 A001874 DELETE
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
015 A001898 DELETE
015 A001899 DELETE
024  001800 N
028 A011800     14797
028 A021800         0
028 A031800         0
028 A041800     25992
028 B011800     20070
028 B021800         0
028 B031800         0
028 B041800     10957
028 C011800     25754
028 C021800         0
028 C031800         0
<PAGE>      PAGE  208
028 C041800     14563
028 D011800     18974
028 D021800         0
028 D031800         0
028 D041800     15167
028 E011800     14515
028 E021800         0
028 E031800         0
028 E041800     15088
028 F011800     18687
028 F021800         0
028 F031800         0
028 F041800     23303
028 G011800    112797
028 G021800         0
028 G031800         0
028 G041800    105070
028 H001800         0
045  001800 Y
046  001800 N
047  001800 Y
048  001800  0.000
048 A011800   100000
048 A021800 1.000
048 B011800   150000
048 B021800 0.900
048 C011800   250000
048 C021800 0.800
048 D011800        0
048 D021800 0.000
048 E011800        0
048 E021800 0.000
048 F011800        0
048 F021800 0.000
048 G011800        0
048 G021800 0.000
048 H011800        0
048 H021800 0.000
048 I011800        0
048 I021800 0.000
048 J011800        0
048 J021800 0.000
048 K011800   500000
048 K021800 0.750
049  001800 N
050  001800 N
051  001800 N
052  001800 N
053 A001800 N
054 A001800 Y
054 B001800 Y
<PAGE>      PAGE  209
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
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
<PAGE>      PAGE  210
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
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    254456
071 B001800    236212
071 C001800    858406
071 D001800   28
072 A001800 12
072 B001800    10235
072 C001800    28747
072 D001800        0
072 E001800        0
<PAGE>      PAGE  211
072 F001800     7945
072 G001800        0
072 H001800        0
072 I001800        0
072 J001800      621
072 K001800       24
072 L001800       90
072 M001800        7
072 N001800       10
072 O001800        0
072 P001800        3
072 Q001800        0
072 R001800       22
072 S001800        6
072 T001800        0
072 U001800        0
072 V001800        0
072 W001800       27
072 X001800     8755
072 Y001800        0
072 Z001800    30227
072AA001800    56554
072BB001800     7257
072CC011800   122638
072CC021800        0
072DD011800    25386
072DD021800        0
072EE001800    31065
073 A011800   0.3800
073 A021800   0.0000
073 B001800   0.4650
073 C001800   0.0000
074 A001800        1
074 B001800   131446
074 C001800        0
074 D001800     3035
074 E001800    21716
074 F001800   949506
074 G001800        0
074 H001800        0
074 I001800        0
074 J001800     2715
074 K001800        0
074 L001800     2578
074 M001800        0
074 N001800  1110997
074 O001800     1251
074 P001800      727
074 Q001800        0
074 R011800        0
074 R021800        0
<PAGE>      PAGE  212
074 R031800        0
074 R041800      920
074 S001800        0
074 T001800  1108099
074 U011800    71718
074 U021800        0
074 V011800    15.45
074 V021800     0.00
074 W001800   0.0000
074 X001800        3
074 Y001800        0
075 A001800        0
075 B001800   982044
076  001800     0.00
008 A001901 TEMPLETON ASSET MANAGEMENT LTD.
008 B001901 A
008 C001901 801-46997
008 D011901 SUNTEC TOWER ONE
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
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
<PAGE>      PAGE  213
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
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
<PAGE>      PAGE  214
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
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
<PAGE>      PAGE  215
015 A001927 CITIBANK BUDAPEST RT.
015 B001927 S
015 C011927 BUDAPEST
015 D011927 HUNGARY
015 E041927 X
015 A001928 KELER LTD.
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.
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
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 THE CHASE MANHATTAN BANK
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 JASDEC
015 B001936 S
015 C011936 TOKYO
015 D011936 JAPAN
015 E041936 X
015 A001937 ARAB BANK, LTD.
<PAGE>      PAGE  216
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
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, 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
015 A001943 BANQUE GENERALE DU LUXEMBOURG
015 B001943 S
015 C011943 LUXEMBOURG CITY
015 D011943 MAURITIUS
015 E041943 X
015 A001944 CHS. MAN. BNK. MEX. SA, INST. DE BANCA MULTI.
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 STANBIC BANK NAMIBIA LIMITED
015 B001946 S
015 C011946 WINDHOEK
015 D011946 NAMIBIA
015 E041946 X
015 A001947 ABN-AMRO BANK NV
015 B001947 S
<PAGE>      PAGE  217
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.
015 B001953 S
015 C011953 KARACHI
015 D011953 PAKISTAN
015 E041953 X
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
015 B001957 S
015 C011957 LISBON
<PAGE>      PAGE  218
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 SLOVAK REPUBLIC
015 E041960 X
015 A001961 STANDARD BANK OF SOUTH AFRICA LTD.
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
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
<PAGE>      PAGE  219
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
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
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
<PAGE>      PAGE  220
015 A001978 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B001978 S
015 C011978 HARARE
015 D011978 ZIMBABWE
015 E041978 X
015 A001979 DELETE
015 A001980 DELETE
015 A001981 DELETE
015 A001982 DELETE
015 A001983 DELETE
015 A001984 DELETE
015 A001985 DELETE
015 A001986 DELETE
015 A001987 DELETE
015 A001988 DELETE
024  001900 N
028 A011900      7499
028 A021900         0
028 A031900         0
028 A041900     15061
028 B011900      7346
028 B021900         0
028 B031900         0
028 B041900      3679
028 C011900      6537
028 C021900         0
028 C031900         0
028 C041900      2682
028 D011900      7998
028 D021900         0
028 D031900         0
028 D041900      4806
028 E011900      5117
028 E021900         0
028 E031900         0
028 E041900      3398
028 F011900      6423
028 F021900         0
028 F031900         0
028 F041900      3726
028 G011900     40920
028 G021900         0
028 G031900         0
028 G041900     33352
028 H001900         0
045  001900 Y
046  001900 N
047  001900 Y
048  001900  1.250
048 A011900        0
048 A021900 0.000
<PAGE>      PAGE  221
048 B011900        0
048 B021900 0.000
048 C011900        0
048 C021900 0.000
048 D011900        0
048 D021900 0.000
048 E011900        0
048 E021900 0.000
048 F011900        0
048 F021900 0.000
048 G011900        0
048 G021900 0.000
048 H011900        0
048 H021900 0.000
048 I011900        0
048 I021900 0.000
048 J011900        0
048 J021900 0.000
048 K011900        0
048 K021900 0.000
049  001900 N
050  001900 N
051  001900 N
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
<PAGE>      PAGE  222
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
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
<PAGE>      PAGE  223
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
070 P021900 N
070 Q011900 N
070 Q021900 N
070 R011900 N
070 R021900 N
071 A001900     96883
071 B001900     25351
071 C001900    204125
071 D001900   12
072 A001900 12
072 B001900     1273
072 C001900     6041
072 D001900        0
072 E001900        0
072 F001900     2887
072 G001900        0
072 H001900        0
072 I001900        0
072 J001900      530
072 K001900        6
072 L001900       10
072 M001900        0
072 N001900        0
072 O001900        0
072 P001900        0
072 Q001900        0
072 R001900        4
072 S001900        0
072 T001900        0
072 U001900        0
072 V001900        0
072 W001900        3
072 X001900     3440
072 Y001900        0
072 Z001900     3874
072AA001900     6445
072BB001900      199
072CC011900    29693
<PAGE>      PAGE  224
072CC021900        0
072DD011900     2182
072DD021900        0
072EE001900     4038
073 A011900   0.1000
073 A021900   0.0000
073 B001900   0.1850
073 C001900   0.0000
074 A001900      912
074 B001900        0
074 C001900    27570
074 D001900        0
074 E001900    20521
074 F001900   224401
074 G001900        0
074 H001900        0
074 I001900        0
074 J001900      336
074 K001900        0
074 L001900      537
074 M001900        0
074 N001900   274277
074 O001900     1716
074 P001900      281
074 Q001900        0
074 R011900        0
074 R021900        0
074 R031900        0
074 R041900      182
074 S001900        0
074 T001900   272098
074 U011900    23468
074 U021900        0
074 V011900    11.59
074 V021900     0.00
074 W001900   0.0000
074 X001900        3
074 Y001900        0
075 A001900        0
075 B001900   231025
076  001900     0.00
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
<PAGE>      PAGE  225
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
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
<PAGE>      PAGE  226
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
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.
<PAGE>      PAGE  227
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
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.
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.
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
<PAGE>      PAGE  228
015 C012033 TEL AVIV
015 D012033 ISRAEL
015 E042033 X
015 A002034 THE CHASE MANHATTAN BANK
015 B002034 S
015 C012034 MILAN
015 D012034 ITALY
015 E042034 X
015 A002035 THE FUJI BANK LIMITED
015 B002035 S
015 C012035 TOKYO
015 D012035 JAPAN
015 E042035 X
015 A002036 JASDEC
015 B002036 S
015 C012036 TOKYO
015 D012036 JAPAN
015 E042036 X
015 A002037 ARAB BANK, LTD.
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
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, 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 BANQUE GENERALE DU LUXEMBOURG
015 B002043 S
015 C012043 LUXEMBOURG CITY
<PAGE>      PAGE  229
015 D012043 MAURITIUS
015 E042043 X
015 A002044 CHS. MAN. BNK. MEX. SA, INST. DE BANCA MULTI.
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
015 A002046 STANBIC BANK NAMIBIA LIMITED
015 B002046 S
015 C012046 WINDHOEK
015 D012046 NAMIBIA
015 E042046 X
015 A002047 ABN-AMRO BANK NV
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
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.
015 B002053 S
015 C012053 KARACHI
015 D012053 PAKISTAN
<PAGE>      PAGE  230
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.
015 B002056 S
015 C012056 WARSAW
015 D012056 POLAND
015 E042056 X
015 A002057 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
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 SLOVAK REPUBLIC
015 E042060 X
015 A002061 STANDARD BANK OF SOUTH AFRICA LTD.
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
<PAGE>      PAGE  231
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
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
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
<PAGE>      PAGE  232
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
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 OF ZIMBABWE LIMITED
015 B002078 S
015 C012078 HARARE
015 D012078 ZIMBABWE
015 E042078 X
024  002000 Y
025 A002001 A.G. EDWARDS & SONS
025 B002001 43-0895447
025 C002001 E
025 D002001    3275
025 A002002 MERRILL LYNCH, PIERCE, FENNER & SMITH
025 B002002 13-5674085
025 C002002 E
025 D002002    3423
028 A012000     15940
028 A022000         0
028 A032000         0
028 A042000     12446
028 B012000     13890
028 B022000         0
028 B032000         0
028 B042000      4347
028 C012000     17394
028 C022000         0
028 C032000         0
028 C042000      4115
028 D012000     15668
028 D022000         0
028 D032000         0
028 D042000      9380
028 E012000     16332
028 E022000         0
<PAGE>      PAGE  233
028 E032000         0
028 E042000      5015
028 F012000     16661
028 F022000         0
028 F032000         0
028 F042000      7473
028 G012000     95885
028 G022000         0
028 G032000         0
028 G042000     42776
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
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
<PAGE>      PAGE  234
054 J002000 Y
054 K002000 N
054 L002000 Y
054 M002000 Y
054 N002000 N
054 O002000 N
055 A002000 N
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
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
<PAGE>      PAGE  235
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 Y
070 K012000 N
070 K022000 N
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    186654
071 B002000     50224
071 C002000    407596
071 D002000   12
072 A002000 12
072 B002000     3338
072 C002000    10977
072 D002000        0
072 E002000        0
072 F002000     4016
072 G002000        0
072 H002000        0
072 I002000        0
072 J002000      191
072 K002000       17
072 L002000        8
<PAGE>      PAGE  236
072 M002000        0
072 N002000        0
072 O002000        0
072 P002000        0
072 Q002000        0
072 R002000       15
072 S002000        2
072 T002000        0
072 U002000        0
072 V002000        0
072 W002000        1
072 X002000     4250
072 Y002000        0
072 Z002000    10065
072AA002000    13666
072BB002000     8548
072CC012000    73558
072CC022000        0
072DD012000     7357
072DD022000        0
072EE002000     7357
073 A012000   0.2050
073 A022000   0.0000
073 B002000   0.2050
073 C002000   0.0000
074 A002000        0
074 B002000    61988
074 C002000        0
074 D002000     7689
074 E002000    25309
074 F002000   493448
074 G002000        0
074 H002000        0
074 I002000        0
074 J002000        0
074 K002000        0
074 L002000     1002
074 M002000        0
074 N002000   589436
074 O002000     1382
074 P002000      411
074 Q002000        0
074 R012000        0
074 R022000        0
074 R032000        0
074 R042000     7766
074 S002000        0
074 T002000   579877
074 U012000    42028
074 U022000        0
074 V012000    13.80
<PAGE>      PAGE  237
074 V022000     0.00
074 W002000   0.0000
074 X002000        3
074 Y002000        0
075 A002000        0
075 B002000   458258
076  002000     0.00
008 A002101 TEMPLETON GLOBAL ADVISORS LTD.
008 B002101 A
008 C002101 801-42343
008 D012101 NASSAU
008 D052101 BAHAMAS
008 A002102 TEMPLETON INVESTMENT COUNSEL, INC.
008 B002102 S
008 C002102 801-15125
008 D012102 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
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
<PAGE>      PAGE  238
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
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
<PAGE>      PAGE  239
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
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
<PAGE>      PAGE  240
015 D012127 HUNGARY
015 E042127 X
015 A002128 KELER LTD.
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.
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 THE CHASE MANHATTAN BANK
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
015 E042135 X
015 A002136 JASDEC
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
<PAGE>      PAGE  241
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
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, 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 BANQUE GENERALE DU LUXEMBOURG
015 B002143 S
015 C012143 LUXEMBOURG CITY
015 D012143 MAURITIUS
015 E042143 X
015 A002144 CHS. MAN. BNK. MEX. SA, INST. DE BANCA MULTI.
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
015 E042146 X
015 A002147 ABN-AMRO BANK NV
015 B002147 S
015 C012147 AMSTERDAM
015 D012147 NETHERLANDS
015 E042147 X
<PAGE>      PAGE  242
015 A002148 NATIONAL NOMINEES LIMITED
015 B002148 S
015 C012148 AUCKLAND
015 D012148 NEW ZEALAND
015 E042148 X
015 A002149 AUSTRACLEAR NEW ZEALAND
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.
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
015 A002157 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B002157 S
015 C012157 LISBON
015 D012157 PORTUGAL
015 E042157 X
015 A002158 THE CHASE MANHATTAN BANK INTERNATIONAL
<PAGE>      PAGE  243
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 SLOVAK REPUBLIC
015 E042160 X
015 A002161 STANDARD BANK OF SOUTH AFRICA LTD.
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
015 B002167 S
015 C012167 STOCKHOLM
015 D012167 SWEDEN
015 E042167 X
015 A002168 UNION BANK OF SWITZERLAND
015 B002168 S
<PAGE>      PAGE  244
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
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
015 C012177 LUSAKA
015 D012177 ZAMBIA
015 E042177 X
015 A002178 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B002178 S
015 C012178 HARARE
<PAGE>      PAGE  245
015 D012178 ZIMBABWE
015 E042178 X
024  002100 Y
025 A002101 A.G. EDWARDS & SONS
025 B002101 43-0895447
025 C002101 E
025 D002101      37
025 A002102 MERRILL LYNCH, PIERCE, FENNER & SMITH
025 B002102 13-5674085
025 C002102 E
025 D002102     163
028 A012100      1935
028 A022100         0
028 A032100         0
028 A042100        40
028 B012100      2340
028 B022100         0
028 B032100         0
028 B042100        88
028 C012100      2598
028 C022100         0
028 C032100         0
028 C042100        43
028 D012100      3649
028 D022100         0
028 D032100         0
028 D042100       160
028 E012100      3505
028 E022100         0
028 E032100         0
028 E042100        95
028 F012100      3045
028 F022100         0
028 F032100         0
028 F042100       232
028 G012100     17072
028 G022100         0
028 G032100         0
028 G042100       658
028 H002100         0
045  002100 Y
046  002100 N
047  002100 Y
048  002100  0.000
048 A012100   200000
048 A022100 0.650
048 B012100  1100000
048 B022100 0.585
048 C012100        0
048 C022100 0.000
048 D012100        0
<PAGE>      PAGE  246
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
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
062 A002100 N
062 B002100   0.0
062 C002100   0.0
<PAGE>      PAGE  247
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
066 G002100 N
067  002100 N
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
070 H012100 Y
070 H022100 N
070 I012100 N
070 I022100 N
070 J012100 Y
070 J022100 Y
070 K012100 Y
070 K022100 Y
070 L012100 Y
<PAGE>      PAGE  248
070 L022100 Y
070 M012100 Y
070 M022100 Y
070 N012100 Y
070 N022100 N
070 O012100 Y
070 O022100 N
070 P012100 Y
070 P022100 N
070 Q012100 N
070 Q022100 N
070 R012100 N
070 R022100 N
071 A002100     42048
071 B002100     13415
071 C002100     25626
071 D002100   52
072 A002100 12
072 B002100     1193
072 C002100      541
072 D002100        0
072 E002100        0
072 F002100      273
072 G002100        0
072 H002100        0
072 I002100        0
072 J002100       14
072 K002100        1
072 L002100        1
072 M002100        0
072 N002100        0
072 O002100        0
072 P002100        0
072 Q002100        0
072 R002100        2
072 S002100        2
072 T002100        0
072 U002100        0
072 V002100        0
072 W002100        3
072 X002100      296
072 Y002100        0
072 Z002100     1438
072AA002100      566
072BB002100       89
072CC012100     4638
072CC022100        0
072DD012100       15
072DD022100        0
072EE002100       30
073 A012100   0.0050
<PAGE>      PAGE  249
073 A022100   0.0000
073 B002100   0.0100
073 C002100   0.0000
074 A002100        0
074 B002100     7838
074 C002100        0
074 D002100    15809
074 E002100      855
074 F002100    31204
074 G002100        0
074 H002100        0
074 I002100        0
074 J002100        4
074 K002100        0
074 L002100      656
074 M002100        5
074 N002100    56371
074 O002100       48
074 P002100       37
074 Q002100        0
074 R012100        0
074 R022100        0
074 R032100        0
074 R042100       12
074 S002100        0
074 T002100    56274
074 U012100     4469
074 U022100        0
074 V012100    12.59
074 V022100     0.00
074 W002100   0.0000
074 X002100        3
074 Y002100        0
075 A002100        0
075 B002100    34102
076  002100     0.00
008 A002201 FRANKLIN ADVISERS, INC.
008 B002201 A
008 C002201 801-26292
008 D012201 SAN MATEO
008 D022201 CA
008 D032201 94403
008 D042201 7777
015 A002201 BANK OF NEW YORK
015 B002201 C
015 C012201 NEW YORK
015 C022201 NY
015 C032201 10286
015 E012201 X
015 A002202 THE BANK OF BOSTON
015 B002202 S
<PAGE>      PAGE  250
015 C012202 BUENOS AIRES
015 D012202 ARGENTINA
015 E042202 X
015 A002203 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B002203 S
015 C012203 MELBOURNE
015 D012203 AUSTRALIA
015 E042203 X
015 A002204 CREDITANSTALT-BANKVEREIN
015 B002204 S
015 C012204 VIENNA
015 D012204 AUSTRIA
015 E042204 X
015 A002205 STANDARD CHARTERED BANK PLC
015 B002205 S
015 C012205 DHAKA
015 D012205 BANGLADESH
015 E042205 X
015 A002206 BANQUE BRUXELLES LAMBERT
015 B002206 S
015 C012206 BRUSSELS
015 D012206 BELGIUM
015 E042206 X
015 A002207 STANBIC BANK BOTSWANA LIMITED
015 B002207 S
015 C012207 GABORONE
015 D012207 BOTSWANA
015 E042207 X
015 A002208 THE FIRST NATIONAL BANK OF BOSTON
015 B002208 S
015 C012208 SAO PAULO
015 D012208 BRAZIL
015 E042208 X
015 A002209 THE ROYAL BANK OF CANADA
015 B002209 S
015 C012209 MONTREAL
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
<PAGE>      PAGE  251
015 D012212 CHINA
015 E042212 X
015 A002213 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B002213 S
015 C012213 BOGOTA
015 D012213 COLOMBIA
015 E042213 X
015 A002214 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B002214 S
015 C012214 PRAGUE
015 D012214 CZECH REPUBLIC
015 E042214 X
015 A002215 DEN DANSKE BANK
015 B002215 S
015 C012215 COPENHAGEN
015 D012215 DENMARK
015 E042215 X
015 A002216 CITIBANK, N.A.
015 B002216 S
015 C012216 QUITO
015 D012216 ECUADOR
015 E042216 X
015 A002217 CITIBANK, N.A.
015 B002217 S
015 C012217 CAIRO
015 D012217 EGYPT
015 E042217 X
015 A002218 MERITA BANK LTD.
015 B002218 S
015 C012218 HELSINKI
015 D012218 FINLAND
015 E042218 X
015 A002219 BANQUE PARIBAS
015 B002219 S
015 C012219 PARIS
015 D012219 FRANCE
015 E042219 X
015 A002220 CREDIT COMMERCIAL DE FRANCE
015 B002220 S
015 C012220 PARIS
015 D012220 FRANCE
015 E042220 X
015 A002221 DRESDNER BANK A.G.
015 B002221 S
015 C012221 FRANKFURT
015 D012221 GERMANY
015 E042221 X
015 A002222 MERCHANT BANK LIMITED
015 B002222 S
015 C012222 ACCRA
015 D012222 GHANA
<PAGE>      PAGE  252
015 E042222 X
015 A002223 NATIONAL BANK OF GREECE S.A.
015 B002223 S
015 C012223 ATHENS
015 D012223 GREECE
015 E042223 X
015 A002224 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002224 S
015 C012224 HONG KONG
015 D012224 HONG KONG
015 E042224 X
015 A002225 CITIBANK BUDAPEST RT.
015 B002225 S
015 C012225 BUDAPEST
015 D012225 HUNGARY
015 E042225 X
015 A002226 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002226 S
015 C012226 MUMBAI
015 D012226 INDIA
015 E042226 X
015 A002227 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002227 S
015 C012227 JAKARTA
015 D012227 INDONESIA
015 E042227 X
015 A002228 ALLIED IRISH BANKS, PLC
015 B002228 S
015 C012228 DUBLIN
015 D012228 IRELAND
015 E042228 X
015 A002229 BANK LEUMI LE-ISRAEL, B.M.
015 B002229 S
015 C012229 TEL AVIV
015 D012229 ISRAEL
015 E042229 X
015 A002230 BANCA COMMERCIALE ITALIANA
015 B002230 S
015 C012230 MILAN
015 D012230 ITALY
015 E042230 X
015 A002231 BANQUE PARIBAS
015 B002231 S
015 C012231 MILAN
015 D012231 ITALY
015 E042231 X
015 A002232 JASDEC
015 B002232 S
015 C012232 TOKYO
015 D012232 JAPAN
015 E042232 X
<PAGE>      PAGE  253
015 A002233 BANK OF TOKYO MITSUBISHI
015 B002233 S
015 C012233 TOKYO
015 D012233 JAPAN
015 E042233 X
015 A002234 THE BRITISH BANK OF THE MIDDLE EAST
015 B002234 S
015 C012234 AMMAN
015 D012234 JORDAN
015 E042234 X
015 A002235 STANBIC BANK OF KENYA LIMITED
015 B002235 S
015 C012235 NAIROBI
015 D012235 KENYA
015 E042235 X
015 A002236 CEDEL
015 B002236 S
015 C012236 LUXEMBOURG CITY
015 D012236 LUXEMBOURG
015 E042236 X
015 A002237 BANQUE INTERNATIONALE A LUXEMBOURG
015 B002237 S
015 C012237 LUXEMBOURG CITY
015 D012237 LUXEMBOURG
015 E042237 X
015 A002238 THE HONGKONG BANK MALAYSIA BERHAD
015 B002238 S
015 C012238 KUALA LUMPUR
015 D012238 MALAYSIA
015 E042238 X
015 A002239 BANCO NACIONAL DE MEXICO
015 B002239 S
015 C012239 MEXICO CITY
015 D012239 MEXICO
015 E042239 X
015 A002240 BANQUE COMMERCIALE DU MAROC
015 B002240 S
015 C012240 CASABLANCA
015 D012240 MOROCCO
015 E042240 X
015 A002241 STANBIC BANK NAMIBIA LIMITED
015 B002241 S
015 C012241 WINDHOEK
015 D012241 NAMIBIA
015 E042241 X
015 A002242 KAS-ASSOCIATIE NV
015 B002242 S
015 C012242 AMSTERDAM
015 D012242 NETHERLANDS
015 E042242 X
015 A002243 MEESPIERSON NV
<PAGE>      PAGE  254
015 B002243 S
015 C012243 AMSTERDAM
015 D012243 NETHERLANDS
015 E042243 X
015 A002244 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B002244 S
015 C012244 WELLINGTON
015 D012244 NEW ZEALAND
015 E042244 X
015 A002245 STANBIC MERCHANT BANK NIGERIA LIMITED
015 B002245 S
015 C012245 LAGOS
015 D012245 NIGERIA
015 E042245 X
015 A002246 DEN NORSKE BANK
015 B002246 S
015 C012246 OSLO
015 D012246 NORWAY
015 E042246 X
015 A002247 STANDARD CHARTERED BANK
015 B002247 S
015 C012247 KARACHI
015 D012247 PAKISTAN
015 E042247 X
015 A002248 CITIBANK, N.A.
015 B002248 S
015 C012248 LIMA
015 D012248 PERU
015 E042248 X
015 A002249 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002249 S
015 C012249 MANILA
015 D012249 PHILIPPINES
015 E042249 X
015 A002250 BANK HANDLOWY W. WARZAWIE, S.A.
015 B002250 S
015 C012250 WARSAW
015 D012250 POLAND
015 E042250 X
015 A002251 BANCO COMERCIAL PORTUGUES
015 B002251 S
015 C012251 LISBON
015 D012251 PORTUGAL
015 E042251 X
015 A002252 UNITED OVERSEAS BANK LIMITED
015 B002252 S
015 C012252 SINGAPORE
015 D012252 SINGAPORE
015 E042252 X
015 A002253 DEVELOPMENT BANK OF SINGAPORE LTD
015 B002253 S
<PAGE>      PAGE  255
015 C012253 SIGNAPORE
015 D012253 SINGAPORE
015 E042253 X
015 A002254 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B002254 S
015 C012254 BRATISLAVA
015 D012254 SLOVAK REPUBLIC
015 E042254 X
015 A002255 STANDARD CORPORATE AND MERCHANT BANK
015 B002255 S
015 C012255 JOHANNESBURG
015 D012255 SOUTH AFRICA
015 E042255 X
015 A002256 SEOULBANK
015 B002256 S
015 C012256 SEOUL
015 D012256 SOUTH KOREA
015 E042256 X
015 A002257 BANCO BILBAO VIZCAYA
015 B002257 S
015 C012257 MADRID
015 D012257 SPAIN
015 E042257 X
015 A002258 STANDARD CHARTERED BANK
015 B002258 S
015 C012258 COLOMBO
015 D012258 SRI LANKA
015 E042258 X
015 A002259 STANBIC BANK SWAZILAND LTD.
015 B002259 S
015 C012259 MBABANE
015 D012259 SWAZILAND
015 E042259 X
015 A002260 SKANDINAVISKA ENSKILDA BANKEN
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015 C012260 STOCKHOLM
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015 B002262 S
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015 D012262 SWITZERLAND
015 E042262 X
015 A002263 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002263 S
015 C012263 TAIPEI
<PAGE>      PAGE  256
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015 E042263 X
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015 D012265 THAILAND
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015 E042268 X
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015 D012272 ZIMBABWE
015 E042272 X
024  002200 N
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028 A032200         0
<PAGE>      PAGE  257
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028 B032200         0
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028 D032200         0
028 D042200     16194
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028 F032200         0
028 F042200      4600
028 G012200    111651
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028 G032200         0
028 G042200     52450
028 H002200         0
045  002200 Y
046  002200 N
047  002200 Y
048  002200  0.000
048 A012200   500000
048 A022200 0.750
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048 B022200 0.625
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048 C022200 0.000
048 D012200        0
048 D022200 0.000
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048 E022200 0.000
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048 F022200 0.000
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048 G022200 0.000
048 H012200        0
048 H022200 0.000
048 I012200        0
048 I022200 0.000
048 J012200        0
048 J022200 0.000
048 K012200  1000000
<PAGE>      PAGE  258
048 K022200 0.500
049  002200 N
050  002200 N
051  002200 N
052  002200 N
053 A002200 N
054 A002200 Y
054 B002200 Y
054 C002200 Y
054 D002200 N
054 E002200 N
054 F002200 N
054 G002200 Y
054 H002200 Y
054 I002200 N
054 J002200 Y
054 K002200 N
054 L002200 Y
054 M002200 Y
054 N002200 N
054 O002200 N
055 A002200 N
055 B002200 N
056  002200 N
057  002200 N
058 A002200 Y
058 B002200 Y
058 C002200 Y
058 D002200 Y
058 E002200 N
059  002200 Y
060 A002200 Y
060 B002200 Y
061  002200     2000
062 A002200 N
062 B002200   0.0
062 C002200   0.0
062 D002200   0.0
062 E002200   0.0
062 F002200   0.0
062 G002200   0.0
062 H002200   0.0
062 I002200   0.0
062 J002200   0.0
062 K002200   0.0
062 L002200   0.0
062 M002200   0.0
062 N002200   0.0
062 O002200   0.0
062 P002200   0.0
062 Q002200   0.0
<PAGE>      PAGE  259
062 R002200   0.0
063 A002200   0
063 B002200  0.0
066 A002200 Y
066 B002200 N
066 C002200 N
066 D002200 Y
066 E002200 N
066 F002200 N
066 G002200 N
067  002200 N
068 A002200 N
068 B002200 N
069  002200 N
070 A012200 Y
070 A022200 Y
070 B012200 Y
070 B022200 N
070 C012200 Y
070 C022200 N
070 D012200 Y
070 D022200 N
070 E012200 Y
070 E022200 N
070 F012200 Y
070 F022200 N
070 G012200 Y
070 G022200 N
070 H012200 Y
070 H022200 N
070 I012200 N
070 I022200 N
070 J012200 Y
070 J022200 N
070 K012200 N
070 K022200 N
070 L012200 Y
070 L022200 Y
070 M012200 Y
070 M022200 Y
070 N012200 Y
070 N022200 N
070 O012200 Y
070 O022200 N
070 P012200 Y
070 P022200 Y
070 Q012200 N
070 Q022200 N
070 R012200 N
070 R022200 N
071 A002200    182122
<PAGE>      PAGE  260
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071 C002200     79904
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072 A002200 12
072 B002200      808
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072 F002200      695
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072 H002200        0
072 I002200        0
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072 L002200        4
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072 O002200        0
072 P002200        0
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<PAGE>      PAGE  261
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008 A002301 FRANKLIN ADVISERS, INC.
008 B002301 A
008 C002301 801-26292
008 D012301 SAN MATEO
008 D022301 CA
008 D032301 94403
008 D042301 7777
015 A002301 BANK OF NEW YORK
015 B002301 C
015 C012301 NEW YORK
015 C022301 NY
015 C032301 10286
015 E012301 X
015 A002302 THE BANK OF BOSTON
015 B002302 S
015 C012302 BUENOS AIRES
015 D012302 ARGENTINA
015 E042302 X
015 A002303 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B002303 S
015 C012303 MELBOURNE
015 D012303 AUSTRALIA
015 E042303 X
015 A002304 CREDITANSTALT-BANKVEREIN
015 B002304 S
015 C012304 VIENNA
015 D012304 AUSTRIA
015 E042304 X
015 A002305 STANDARD CHARTERED BANK PLC
<PAGE>      PAGE  262
015 B002305 S
015 C012305 DHAKA
015 D012305 BANGLADESH
015 E042305 X
015 A002306 BANQUE BRUXELLES LAMBERT
015 B002306 S
015 C012306 BRUSSELS
015 D012306 BELGIUM
015 E042306 X
015 A002307 STANBIC BANK BOTSWANA LIMITED
015 B002307 S
015 C012307 GABORONE
015 D012307 BOTSWANA
015 E042307 X
015 A002308 THE FIRST NATIONAL BANK OF BOSTON
015 B002308 S
015 C012308 SAO PAULO
015 D012308 BRAZIL
015 E042308 X
015 A002309 ROYAL BANK OF CANADA
015 B002309 S
015 C012309 MONTREAL
015 D012309 CANADA
015 E042309 X
015 A002310 THE FIRST NATIONAL BANK OF BOSTON
015 B002310 S
015 C012310 SANTIAGO
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015 E042310 X
015 A002311 BANCO DE CHILE
015 B002311 S
015 C012311 SANTIAGO
015 D012311 CHILE
015 E042311 X
015 A002312 THE STANDARD CHARTERED BANK, HONG KONG
015 B002312 S
015 C012312 HONG KONG
015 D012312 CHINA
015 E042312 X
015 A002313 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
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015 C012313 BOGOTA
015 D012313 COLOMBIA
015 E042313 X
015 A002314 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B002314 S
015 C012314 PRAGUE
015 D012314 CZECH REPUBLIC
015 E042314 X
015 A002315 DEN DANSKE BANK
015 B002315 S
<PAGE>      PAGE  263
015 C012315 COPENHAGEN
015 D012315 DENMARK
015 E042315 X
015 A002316 CITIBANK, N.A.
015 B002316 S
015 C012316 QUITO
015 D012316 ECUADOR
015 E042316 X
015 A002317 CITIBANK, N.A.
015 B002317 S
015 C012317 CAIRO
015 D012317 EGYPT
015 E042317 X
015 A002318 MERITA BANK LTD.
015 B002318 S
015 C012318 HELSINKI
015 D012318 FINLAND
015 E042318 X
015 A002319 BANQUE PARIBAS
015 B002319 S
015 C012319 PARIS
015 D012319 FRANCE
015 E042319 X
015 A002320 CREDIT COMMERCIAL DE FRANCE
015 B002320 S
015 C012320 PARIS
015 D012320 FRANCE
015 E042320 X
015 A002321 DRESDNER BANK A.G.
015 B002321 S
015 C012321 FRANKFURT
015 D012321 GERMANY
015 E042321 X
015 A002322 MERCHANT BANK LIMITED
015 B002322 S
015 C012322 ACCRA
015 D012322 GHANA
015 E042322 X
015 A002323 NATIONAL BANK OF GREECE S.A.
015 B002323 S
015 C012323 ATHENS
015 D012323 GREECE
015 E042323 X
015 A002324 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002324 S
015 C012324 HONG KONG
015 D012324 HONG KONG
015 E042324 X
015 A002325 CITIBANK BUDAPEST RT.
015 B002325 S
015 C012325 BUDAPEST
<PAGE>      PAGE  264
015 D012325 HUNGARY
015 E042325 X
015 A002326 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002326 S
015 C012326 MUMBAI
015 D012326 INDIA
015 E042326 X
015 A002327 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002327 S
015 C012327 JAKARTA
015 D012327 INDONESIA
015 E042327 X
015 A002328 ALLIED IRISH BANKS, PLC
015 B002328 S
015 C012328 DUBLIN
015 D012328 IRELAND
015 E042328 X
015 A002329 BANK LEUMI LE-ISRAEL B.M.
015 B002329 S
015 C012329 TEL AVIV
015 D012329 ISRAEL
015 E042329 X
015 A002330 BANCA COMMERCIALE ITALIANA
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
<PAGE>      PAGE  265
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
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
<PAGE>      PAGE  266
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
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, A.S.
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
<PAGE>      PAGE  267
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
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
<PAGE>      PAGE  268
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
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
024  002300 N
028 A012300      3804
028 A022300         0
028 A032300         0
028 A042300       670
028 B012300      5313
028 B022300         0
028 B032300         0
028 B042300       692
028 C012300      8165
028 C022300         0
028 C032300         0
028 C042300       954
028 D012300      7025
028 D022300         0
028 D032300         0
028 D042300       945
028 E012300     10409
<PAGE>      PAGE  269
028 E022300         0
028 E032300         0
028 E042300       779
028 F012300      8696
028 F022300         0
028 F032300         0
028 F042300      1648
028 G012300     43412
028 G022300         0
028 G032300         0
028 G042300      5688
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
054 F002300 N
054 G002300 Y
054 H002300 Y
<PAGE>      PAGE  270
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
068 A002300 N
068 B002300 N
069  002300 N
<PAGE>      PAGE  271
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     36587
071 B002300       660
071 C002300     16880
071 D002300    4
072 A002300  8
072 B002300      115
072 C002300       84
072 D002300        0
072 E002300        0
072 F002300       86
072 G002300        0
072 H002300        0
072 I002300        0
072 J002300        0
072 K002300        1
<PAGE>      PAGE  272
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        0
072 X002300       89
072 Y002300        0
072 Z002300      110
072AA002300       24
072BB002300      164
072CC012300     1982
072CC022300        0
072DD012300        0
072DD022300        0
072EE002300        0
073 A012300   0.0000
073 A022300   0.0000
073 B002300   0.0000
073 C002300   0.0000
074 A002300        8
074 B002300     7901
074 C002300        0
074 D002300        0
074 E002300        0
074 F002300    37770
074 G002300        0
074 H002300        0
074 I002300        0
074 J002300        0
074 K002300        0
074 L002300       23
074 M002300        0
074 N002300    45702
074 O002300     1007
074 P002300       26
074 Q002300        0
074 R012300        0
074 R022300        0
074 R032300        0
074 R042300        2
074 S002300        0
074 T002300    44667
074 U012300     3931
074 U022300        0
<PAGE>      PAGE  273
074 V012300    11.36
074 V022300     0.00
074 W002300   0.0000
074 X002300        3
074 Y002300        0
075 A002300        0
075 B002300    17154
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
015 C012407 BRUSSELS
015 D012407 BELGIUM
015 E042407 X
<PAGE>      PAGE  274
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
015 D012417 CZECH REPUBLIC
015 E042417 X
015 A002418 DEN DANSKE BANK
<PAGE>      PAGE  275
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
015 E042427 X
015 A002428 KELER LTD.
015 B002428 S
<PAGE>      PAGE  276
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.
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 THE CHASE MANHATTAN BANK
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 JASDEC
015 B002436 S
015 C012436 TOKYO
015 D012436 JAPAN
015 E042436 X
015 A002437 ARAB BANK, LTD.
015 B002437 S
015 C012437 AMMAN
015 D012437 JORDAN
015 E042437 X
015 A002438 BARCLAYS BANK OF KENYA LTD.
015 B002438 S
015 C012438 NAIROBI
<PAGE>      PAGE  277
015 D012438 KENYA
015 E042438 X
015 A002439 CEDEL
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, 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 BANQUE GENERALE DU LUXEMBOURG
015 B002443 S
015 C012443 LUXEMBOURG CITY
015 D012443 MAURITIUS
015 E042443 X
015 A002444 CHS. MAN. BNK. MEX. SA, INST. DE BANCA MULTI.
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 NV
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
<PAGE>      PAGE  278
015 E042448 X
015 A002449 AUSTRACLEAR NEW ZEALAND
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.
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
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
<PAGE>      PAGE  279
015 A002459 THE CHASE MANHATTAN BANK
015 B002459 S
015 C012459 SINGAPORE
015 D012459 SINGAPORE
015 E042459 X
015 A002460 CESKOSLOVENSKA SOCHODNI BANKA, A.S.
015 B002460 S
015 C012460 BRATISLAVA
015 D012460 SLOVAK REPUBLIC
015 E042460 X
015 A002461 STANDARD BANK OF SOUTH AFRICA LTD.
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
<PAGE>      PAGE  280
015 B002469 S
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
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
015 C012474 LONDON
015 D012474 UNITED KINGDOM
015 E042474 X
015 A002475 THE FIRST NATIONAL BANK OF BOSTON
015 B002475 S
015 C012475 MONTEVIDEO
015 D012475 URUGUAY
015 E042475 X
015 A002476 CITIBANK, N.A.
015 B002476 S
015 C012476 CARACAS
015 D012476 VENEZUELA
015 E042476 X
015 A002477 BARCLAYS BANK OF ZAMBIA LTD.
015 B002477 S
015 C012477 LUSAKA
015 D012477 ZAMBIA
015 E042477 X
015 A002478 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B002478 S
015 C012478 HARARE
015 D012478 ZIMBABWE
015 E042478 X
024  002400 N
028 A012400      2037
<PAGE>      PAGE  281
028 A022400         0
028 A032400         0
028 A042400      1757
028 B012400      2681
028 B022400         0
028 B032400         0
028 B042400       539
028 C012400      1952
028 C022400         0
028 C032400         0
028 C042400       208
028 D012400      3530
028 D022400         0
028 D032400         0
028 D042400      1080
028 E012400      2222
028 E022400         0
028 E032400         0
028 E042400       651
028 F012400      1815
028 F022400         0
028 F032400         0
028 F042400       325
028 G012400     14237
028 G022400         0
028 G032400         0
028 G042400      4560
028 H002400         0
045  002400 Y
046  002400 N
047  002400 Y
048  002400  0.000
048 A012400   200000
048 A022400 0.850
048 B012400  1100000
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
<PAGE>      PAGE  282
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
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
<PAGE>      PAGE  283
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
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
<PAGE>      PAGE  284
070 R022400 N
071 A002400      8897
071 B002400         2
071 C002400      5706
071 D002400    0
072 A002400  8
072 B002400      123
072 C002400       84
072 D002400        0
072 E002400        0
072 F002400       56
072 G002400        0
072 H002400        0
072 I002400        0
072 J002400        5
072 K002400        0
072 L002400        2
072 M002400        0
072 N002400        2
072 O002400        0
072 P002400        0
072 Q002400        0
072 R002400        1
072 S002400        0
072 T002400        0
072 U002400        0
072 V002400        0
072 W002400        0
072 X002400       66
072 Y002400        0
072 Z002400      141
072AA002400        1
072BB002400       10
072CC012400     1104
072CC022400        0
072DD012400        0
072DD022400        0
072EE002400        0
073 A012400   0.0000
073 A022400   0.0000
073 B002400   0.0000
073 C002400   0.0000
074 A002400        0
074 B002400     6338
074 C002400        0
074 D002400        0
074 E002400      497
074 F002400     9503
074 G002400        0
074 H002400        0
074 I002400        0
<PAGE>      PAGE  285
074 J002400        2
074 K002400        0
074 L002400       20
074 M002400        0
074 N002400    16360
074 O002400       39
074 P002400       13
074 Q002400        0
074 R012400        0
074 R022400        0
074 R032400        0
074 R042400       53
074 S002400        0
074 T002400    16255
074 U012400     1445
074 U022400        0
074 V012400    11.25
074 V022400     0.00
074 W002400   0.0000
074 X002400        3
074 Y002400        0
075 A002400        0
075 B002400     8423
076  002400     0.00
008 A002501 FRANKLIN MUTUAL ADVISERS, INC.
008 B002501 A
008 C002501 801-53068
008 D012501 SHORT HILLS
008 D022501 NJ
008 D032501 07078
015 A002501 STATE STREET BANK
015 B002501 C
015 C012501 BOSTON
015 C022501 MA
015 C032501 02105
015 E012501 X
015 A002502 CITIBANK, N.A. ARGENTINA
015 B002502 S
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
<PAGE>      PAGE  286
015 A002505 STANDARD CHARTERED BANK PLC
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
015 B002507 S
015 C012507 GABORONE
015 D012507 BOTSWANA
015 E042507 X
015 A002508 CITIBANK, N.A. BRAZIL
015 B002508 S
015 C012508 SAO PAULO
015 D012508 BRAZIL
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
015 D012510 CHILE
015 E042510 X
015 A002511 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
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
015 B002513 S
015 C012513 BOGOTA
015 D012513 COLOMBIA
015 E042513 X
015 A002514 BARCLAYS BANK PLC CYPRUS OFFSHORE BANKING UN.
015 B002514 S
015 C012514 NICOSIA
015 D012514 CYPRUS
015 E042514 X
015 A002515 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
<PAGE>      PAGE  287
015 B002515 S
015 C012515 PRAGUE
015 D012515 CZECH REPUBLIC
015 E042515 X
015 A002516 DEN DANSKE BANK
015 B002516 S
015 C012516 COPENHAGEN
015 D012516 DENMARK
015 E042516 X
015 A002517 CITIBANK, N.A.
015 B002517 S
015 C012517 QUITO
015 D012517 ECUADOR
015 E042517 X
015 A002518 NATIONAL BANK OF EGYPT
015 B002518 S
015 C012518 CAIRO
015 D012518 EGYPT
015 E042518 X
015 A002519 MERITA BANK LTD.
015 B002519 S
015 C012519 HELSINKI
015 D012519 FINLAND
015 E042519 X
015 A002520 BANQUE PARIBAS
015 B002520 S
015 C012520 PARIS
015 D012520 FRANCE
015 E042520 X
015 A002521 DRESDNER BANK A.G.
015 B002521 S
015 C012521 FRANKFURT
015 D012521 GERMANY
015 E042521 X
015 A002522 BARCLAYS BANK OF GHANA LTD.
015 B002522 S
015 C012522 ACCRA
015 D012522 GHANA
015 E042522 X
015 A002523 NATIONAL BANK OF GREECE S.A.
015 B002523 S
015 C012523 ATHENS
015 D012523 GREECE
015 E042523 X
015 A002524 STANDARD CHARTERED BANK
015 B002524 S
015 C012524 HONG KONG
015 D012524 HONG KONG
015 E042524 X
015 A002525 CITIBANK BUDAPEST RT.
015 B002525 S
<PAGE>      PAGE  288
015 C012525 BUDAPEST
015 D012525 HUNGARY
015 E042525 X
015 A002526 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002526 S
015 C012526 BOMBAY
015 D012526 INDIA
015 E042526 X
015 A002527 DEUTSCHE BANK, A.G.
015 B002527 S
015 C012527 BOMBAY
015 D012527 INDIA
015 E042527 X
015 A002528 STANDARD CHARTERED BANK
015 B002528 S
015 C012528 JAKARTA
015 D012528 INDONESIA
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
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 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
<PAGE>      PAGE  289
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 AMMAN
015 D012537 JORDAN
015 E042537 X
015 A002538 BARCLAYS BANK OF KENYA LTD.
015 B002538 S
015 C012538 NAIROBI
015 D012538 KENYA
015 E042538 X
015 A002539 CEDEL
015 B002539 S
015 C012539 LUXEMBOURG CITY
015 D012539 LUXEMBOURG
015 E042539 X
015 A002540 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B002540 S
015 C012540 KUALA LUMPUR
015 D012540 MALAYSIA
015 E042540 X
015 A002541 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002541 S
015 C012541 PORT LOUIS
015 D012541 MAURITIUS
015 E042541 X
015 A002542 CITIBANK MEXICO, S.A.
015 B002542 S
015 C012542 MEXICO CITY
015 D012542 MEXICO
015 E042542 X
015 A002543 BANQUE COMMERCIALE DU MAROC
015 B002543 S
015 C012543 CASABLANCA
015 D012543 MOROCCO
015 E042543 X
015 A002544 MEESPIERSON NV
015 B002544 S
015 C012544 AMSTERDAM
015 D012544 NETHERLANDS
015 E042544 X
015 A002545 ANZ BANKING GROUP LIMITED
015 B002545 S
015 C012545 WELLINGTON
015 D012545 NEW ZEALAND
<PAGE>      PAGE  290
015 E042545 X
015 A002546 CHRISTIANIA BANK OG KREDITKASSE
015 B002546 S
015 C012546 OSLO
015 D012546 NORWAY
015 E042546 X
015 A002547 DEUTSCHE BANK, A.G.
015 B002547 S
015 C012547 KARACHI
015 D012547 PAKISTAN
015 E042547 X
015 A002548 CITIBANK, N.A.
015 B002548 S
015 C012548 LIMA
015 D012548 PERU
015 E042548 X
015 A002549 STANDARD CHARTERED BANK
015 B002549 S
015 C012549 MANILA
015 D012549 PHILIPPINES
015 E042549 X
015 A002550 CITIBANK, POLAND S.A.
015 B002550 S
015 C012550 WARSAW
015 D012550 POLAND
015 E042550 X
015 A002551 BANCO COMERCIAL PORTUGUES
015 B002551 S
015 C012551 LISBON
015 D012551 PORTUGAL
015 E042551 X
015 A002552 CREDIT SUISSE LIMITED
015 B002552 S
015 C012552 MOSCOW
015 D012552 RUSSIA
015 E042552 X
015 A002553 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B002553 S
015 C012553 SINGAPORE
015 D012553 SINGAPORE
015 E042553 X
015 A002554 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B002554 S
015 C012554 BRATISLAVA
015 D012554 SLOVAK REPUBLIC
015 E042554 X
015 A002555 STANDARD BANK OF SOUTH AFRICA LTD.
015 B002555 S
015 C012555 JOHANNESBURG
015 D012555 SOUTH AFRICA
015 E042555 X
<PAGE>      PAGE  291
015 A002556 SEOULBANK
015 B002556 S
015 C012556 SEOUL
015 D012556 SOUTH KOREA
015 E042556 X
015 A002557 BANCO SANTANDER, S.A.
015 B002557 S
015 C012557 MADRID
015 D012557 SPAIN
015 E042557 X
015 A002558 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002558 S
015 C012558 COLOMBO
015 D012558 SRI LANKA
015 E042558 X
015 A002559 BARCLAYS BANK OF SWAZILAND LIMITED
015 B002559 S
015 C012559 MBABANE
015 D012559 SWAZILAND
015 E042559 X
015 A002560 SKANDINAVISKA ENSKILDA BANKEN
015 B002560 S
015 C012560 STOCKHOLM
015 D012560 SWEDEN
015 E042560 X
015 A002561 UNION BANK OF SWITZERLAND
015 B002561 S
015 C012561 ZURICH
015 D012561 SWITZERLAND
015 E042561 X
015 A002562 CENTRAL TRUST OF CHINA
015 B002562 S
015 C012562 TAIPEI
015 D012562 TAIWAN
015 E042562 X
015 A002563 STANDARD CHARTERED BANK
015 B002563 S
015 C012563 BANGKOK
015 D012563 THAILAND
015 E042563 X
015 A002564 CITIBANK, N.A.
015 B002564 S
015 C012564 ISTANBUL
015 D012564 TURKEY
015 E042564 X
015 A002565 STATE STREET BANK AND TRUST COMPANY
015 B002565 S
015 C012565 LONDON
015 D012565 UNITED KINGDOM
015 E042565 X
015 A002566 CITIBANK, N.A.
<PAGE>      PAGE  292
015 B002566 S
015 C012566 MONTEVIDEO
015 D012566 URUGUAY
015 E042566 X
015 A002567 CITIBANK, N.A.
015 B002567 S
015 C012567 CARACAS
015 D012567 VENEZUELA
015 E042567 X
015 A002568 BARCLAYS BANK OF ZAMBIA LTD.
015 B002568 S
015 C012568 LUSAKA
015 D012568 ZAMBIA
015 E042568 X
015 A002569 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B002569 S
015 C012569 HARARE
015 D012569 ZIMBABWE
015 E042569 X
024  002500 N
028 A012500         0
028 A022500         0
028 A032500         0
028 A042500         0
028 B012500         0
028 B022500         0
028 B032500         0
028 B042500         0
028 C012500         0
028 C022500         0
028 C032500         0
028 C042500         0
028 D012500         0
028 D022500         0
028 D032500         0
028 D042500         0
028 E012500      6909
028 E022500         0
028 E032500         0
028 E042500         0
028 F012500      8295
028 F022500         0
028 F032500         0
028 F042500         0
028 G012500     15204
028 G022500         0
028 G032500         0
028 G042500         0
028 H002500         0
045  002500 Y
046  002500 N
<PAGE>      PAGE  293
047  002500 Y
048  002500  0.800
048 A012500        0
048 A022500 0.000
048 B012500        0
048 B022500 0.000
048 C012500        0
048 C022500 0.000
048 D012500        0
048 D022500 0.000
048 E012500        0
048 E022500 0.000
048 F012500        0
048 F022500 0.000
048 G012500        0
048 G022500 0.000
048 H012500        0
048 H022500 0.000
048 I012500        0
048 I022500 0.000
048 J012500        0
048 J022500 0.000
048 K012500        0
048 K022500 0.000
049  002500 N
050  002500 N
051  002500 N
052  002500 N
053 A002500 N
054 A002500 Y
054 B002500 Y
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 N
057  002500 N
058 A002500 Y
058 B002500 Y
058 C002500 Y
<PAGE>      PAGE  294
058 D002500 Y
058 E002500 N
059  002500 Y
060 A002500 Y
060 B002500 Y
061  002500     2000
062 A002500 N
062 B002500   0.0
062 C002500   0.0
062 D002500   0.0
062 E002500   0.0
062 F002500   0.0
062 G002500   0.0
062 H002500   0.0
062 I002500   0.0
062 J002500   0.0
062 K002500   0.0
062 L002500   0.0
062 M002500   0.0
062 N002500   0.0
062 O002500   0.0
062 P002500   0.0
062 Q002500   0.0
062 R002500   0.0
063 A002500   0
063 B002500  0.0
066 A002500 Y
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
070 B022500 Y
070 C012500 Y
070 C022500 N
070 D012500 Y
070 D022500 N
070 E012500 Y
070 E022500 N
070 F012500 Y
070 F022500 N
070 G012500 Y
070 G022500 N
<PAGE>      PAGE  295
070 H012500 Y
070 H022500 N
070 I012500 N
070 I022500 N
070 J012500 Y
070 J022500 Y
070 K012500 Y
070 K022500 N
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
071 A002500      9517
071 B002500         8
071 C002500      5599
071 D002500    0
072 A002500  2
072 B002500       34
072 C002500        6
072 D002500        0
072 E002500        0
072 F002500       11
072 G002500        0
072 H002500        0
072 I002500        0
072 J002500        3
072 K002500        0
072 L002500        0
072 M002500        0
072 N002500        0
072 O002500        0
072 P002500        0
072 Q002500        0
072 R002500        2
072 S002500        0
072 T002500        0
072 U002500        0
072 V002500        0
072 W002500        0
072 X002500       16
072 Y002500        0
<PAGE>      PAGE  296
072 Z002500       24
072AA002500        2
072BB002500        0
072CC012500      188
072CC022500        0
072DD012500        0
072DD022500        0
072EE002500        0
073 A012500   0.0000
073 A022500   0.0000
073 B002500   0.0000
073 C002500   0.0000
074 A002500     1022
074 B002500        0
074 C002500     6891
074 D002500      115
074 E002500       56
074 F002500     9389
074 G002500      189
074 H002500        0
074 I002500        0
074 J002500        0
074 K002500        0
074 L002500      751
074 M002500        0
074 N002500    18413
074 O002500     2926
074 P002500       11
074 Q002500        0
074 R012500        0
074 R022500        0
074 R032500        0
074 R042500       58
074 S002500        0
074 T002500    15418
074 U012500     1510
074 U022500        0
074 V012500    10.21
074 V022500     0.00
074 W002500   0.0000
074 X002500        3
074 Y002500        0
075 A002500        0
075 B002500     8230
076  002500     0.00
008 A002601 FRANKLIN MUTUAL ADVISERS, INC.
008 B002601 A
008 C002601 801-53068
008 D012601 SHORT HILLS
008 D022601 NJ
008 D032601 07078
<PAGE>      PAGE  297
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.
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 PLC
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
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
<PAGE>      PAGE  298
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.
015 B002617 S
015 C012617 QUITO
015 D012617 ECUADOR
015 E042617 X
015 A002618 NATIONAL BANK OF EGYPT
015 B002618 S
015 C012618 CAIRO
015 D012618 EGYPT
015 E042618 X
015 A002619 MERITA BANK LTD.
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 A.G.
<PAGE>      PAGE  299
015 B002621 S
015 C012621 FRANKFURT
015 D012621 GERMANY
015 E042621 X
015 A002622 BARCLAYS BANK OF GHANA LTD.
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, A.G.
015 B002627 S
015 C012627 BOMBAY
015 D012627 INDIA
015 E042627 X
015 A002628 STANDARD CHARTERED BANK
015 B002628 S
015 C012628 JAKARTA
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
<PAGE>      PAGE  300
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 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 AMMAN
015 D012637 JORDAN
015 E042637 X
015 A002638 BARCLAYS BANK OF KENYA LTD.
015 B002638 S
015 C012638 NAIROBI
015 D012638 KENYA
015 E042638 X
015 A002639 CEDEL
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
<PAGE>      PAGE  301
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 NV
015 B002644 S
015 C012644 AMSTERDAM
015 D012644 NETHERLANDS
015 E042644 X
015 A002645 ANZ BANKING GROUP 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, A.G.
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
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
<PAGE>      PAGE  302
015 E042651 X
015 A002652 CREDIT SUISSE LIMITED
015 B002652 S
015 C012652 MOSCOW
015 D012652 RUSSIA
015 E042652 X
015 A002653 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
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
<PAGE>      PAGE  303
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.
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.
015 B002667 S
015 C012667 CARACAS
015 D012667 VENEZUELA
015 E042667 X
015 A002668 BARCLAYS BANK OF ZAMBIA LTD.
015 B002668 S
015 C012668 LUSAKA
015 D012668 ZAMBIA
015 E042668 X
015 A002669 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B002669 S
015 C012669 HARARE
015 D012669 ZIMBABWE
015 E042669 X
024  002600 N
028 A012600         0
028 A022600         0
028 A032600         0
028 A042600         0
028 B012600         0
028 B022600         0
028 B032600         0
028 B042600         0
028 C012600         0
028 C022600         0
<PAGE>      PAGE  304
028 C032600         0
028 C042600         0
028 D012600         0
028 D022600         0
028 D032600         0
028 D042600         0
028 E012600     11204
028 E022600         0
028 E032600         0
028 E042600         0
028 F012600     15857
028 F022600         0
028 F032600         0
028 F042600         0
028 G012600     27061
028 G022600         0
028 G032600         0
028 G042600         0
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
055 A002600 N
<PAGE>      PAGE  305
055 B002600 N
056  002600 Y
057  002600 N
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 Y
070 C012600 Y
070 C022600 N
070 D012600 Y
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
<PAGE>      PAGE  306
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 N
071 A002600     17264
071 B002600       148
071 C002600     11311
071 D002600    1
072 A002600  2
072 B002600       62
072 C002600        8
072 D002600        0
072 E002600        0
072 F002600       12
072 G002600        0
072 H002600        0
072 I002600        0
072 J002600        3
072 K002600        0
072 L002600        3
072 M002600        0
072 N002600        0
072 O002600        0
072 P002600        0
072 Q002600        0
072 R002600        1
072 S002600        0
072 T002600        0
072 U002600        0
072 V002600        0
072 W002600        0
072 X002600       19
072 Y002600        0
072 Z002600       51
072AA002600        0
072BB002600        3
<PAGE>      PAGE  307
072CC012600      568
072CC022600        0
072DD012600        0
072DD022600        0
072EE002600        0
073 A012600   0.0000
073 A022600   0.0000
073 B002600   0.0000
073 C002600   0.0000
074 A002600     1255
074 B002600        0
074 C002600    11085
074 D002600      421
074 E002600        0
074 F002600    17021
074 G002600      283
074 H002600        0
074 I002600        0
074 J002600        0
074 K002600        0
074 L002600      718
074 M002600        0
074 N002600    30783
074 O002600     3037
074 P002600       12
074 Q002600        0
074 R012600        0
074 R022600        0
074 R032600        0
074 R042600       57
074 S002600        0
074 T002600    27677
074 U012600     2674
074 U022600        0
074 V012600    10.35
074 V022600     0.00
074 W002600   0.0000
074 X002600        3
074 Y002600        0
075 A002600        0
075 B002600    14212
076  002600     0.00
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
<PAGE>      PAGE  308
072 R003300        0
072 S003300        0
072 T003300        0
072 U003300        0
072 V003300        0
072 W003300        0
072 X003300        0
SIGNATURE   LAURA FERGERSON                              
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS DECEMBER 31, 1996 ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 1
   <NAME> FVF MONEY MARKET FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      336,710,542
<INVESTMENTS-AT-VALUE>                     336,710,542
<RECEIVABLES>                               72,390,004
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             409,100,546
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      170,733
<TOTAL-LIABILITIES>                            170,733
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   408,929,813
<SHARES-COMMON-STOCK>                      408,929,813
<SHARES-COMMON-PRIOR>                      429,546,853
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               408,929,813
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           23,914,246
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,870,513)
<NET-INVESTMENT-INCOME>                     22,043,733
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                       22,043,733
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (22,043,733)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    624,484,193
<NUMBER-OF-SHARES-REDEEMED>              (667,126,739)
<SHARES-REINVESTED>                         22,025,506
<NET-CHANGE-IN-ASSETS>                    (20,617,040)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,225,389
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,314,100
<AVERAGE-NET-ASSETS>                       437,637,312
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   .050
<PER-SHARE-GAIN-APPREC>                           .000
<PER-SHARE-DIVIDEND>                            (.050)
<PER-SHARE-DISTRIBUTIONS>                         .000
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   .430
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              .000
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS DECEMBER 31, 1996 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>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      864,711,520
<INVESTMENTS-AT-VALUE>                   1,019,880,063
<RECEIVABLES>                               59,478,468
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,079,358,531
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,369,523
<TOTAL-LIABILITIES>                          1,369,523
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   845,637,889
<SHARES-COMMON-STOCK>                       61,406,730
<SHARES-COMMON-PRIOR>                       51,898,238
<ACCUMULATED-NII-CURRENT>                   39,442,227
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     37,740,141
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   155,168,751
<NET-ASSETS>                             1,077,989,008
<DIVIDEND-INCOME>                           40,633,786
<INTEREST-INCOME>                            3,725,065
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (4,845,447)
<NET-INVESTMENT-INCOME>                     39,513,404
<REALIZED-GAINS-CURRENT>                    37,811,712
<APPREC-INCREASE-CURRENT>                   55,138,252
<NET-CHANGE-FROM-OPS>                      132,463,368
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (22,230,774)
<DISTRIBUTIONS-OF-GAINS>                  (78,714,626)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     17,103,384
<NUMBER-OF-SHARES-REDEEMED>               (13,907,925)
<SHARES-REINVESTED>                          6,313,033
<NET-CHANGE-IN-ASSETS>                     188,501,540
<ACCUMULATED-NII-PRIOR>                     22,239,184
<ACCUMULATED-GAINS-PRIOR>                   78,563,468
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        4,463,546
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,845,447
<AVERAGE-NET-ASSETS>                       973,469,781
<PER-SHARE-NAV-BEGIN>                           17.140
<PER-SHARE-NII>                                  0.620
<PER-SHARE-GAIN-APPREC>                          1.633
<PER-SHARE-DIVIDEND>                           (0.406)
<PER-SHARE-DISTRIBUTIONS>                      (1.437)
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                              17.55
<EXPENSE-RATIO>                                  0.500
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                             0.000
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS DECEMBER 31, 1996 ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 03
   <NAME> FVF PRECIOUS METALS FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      100,015,691
<INVESTMENTS-AT-VALUE>                     105,283,600
<RECEIVABLES>                                3,555,394
<ASSETS-OTHER>                                 812,903
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             109,651,897
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       73,312
<TOTAL-LIABILITIES>                             73,312
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   103,236,291
<SHARES-COMMON-STOCK>                        7,668,120
<SHARES-COMMON-PRIOR>                        7,467,691
<ACCUMULATED-NII-CURRENT>                    1,214,989
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (146,066)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     5,273,371
<NET-ASSETS>                               109,578,585
<DIVIDEND-INCOME>                            1,428,329
<INTEREST-INCOME>                              642,007
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (812,804)
<NET-INVESTMENT-INCOME>                      1,257,532
<REALIZED-GAINS-CURRENT>                     (188,566)
<APPREC-INCREASE-CURRENT>                      935,906
<NET-CHANGE-FROM-OPS>                        2,004,872
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,593,439)
<DISTRIBUTIONS-OF-GAINS>                   (1,460,667)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      5,826,772
<NUMBER-OF-SHARES-REDEEMED>                (5,826,876)
<SHARES-REINVESTED>                            200,533
<NET-CHANGE-IN-ASSETS>                       4,469,771
<ACCUMULATED-NII-PRIOR>                      1,615,202
<ACCUMULATED-GAINS-PRIOR>                    1,438,861
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          754,383
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                812,804
<AVERAGE-NET-ASSETS>                       125,460,990
<PER-SHARE-NAV-BEGIN>                           14.080
<PER-SHARE-NII>                                   .150
<PER-SHARE-GAIN-APPREC>                           .436
<PER-SHARE-DIVIDEND>                            (.196)
<PER-SHARE-DISTRIBUTIONS>                       (.180)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             14.290
<EXPENSE-RATIO>                                   .650
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS DECEMBER 31, 1996 ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 4
   <NAME> FVF REAL ESTATE SECURITIES FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      218,988,176
<INVESTMENTS-AT-VALUE>                     298,843,244
<RECEIVABLES>                               25,337,674
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             324,180,918
<PAYABLE-FOR-SECURITIES>                       220,928
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,238,795
<TOTAL-LIABILITIES>                          1,459,723
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   226,581,013
<SHARES-COMMON-STOCK>                       14,568,012
<SHARES-COMMON-PRIOR>                       12,266,580
<ACCUMULATED-NII-CURRENT>                   11,259,725
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      5,025,389
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    79,855,068
<NET-ASSETS>                               322,721,195
<DIVIDEND-INCOME>                           11,995,963
<INTEREST-INCOME>                            1,025,568
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,383,181)
<NET-INVESTMENT-INCOME>                     11,638,350
<REALIZED-GAINS-CURRENT>                     5,460,333
<APPREC-INCREASE-CURRENT>                   57,769,186
<NET-CHANGE-FROM-OPS>                       74,867,869
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (9,713,587)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      4,215,417
<NUMBER-OF-SHARES-REDEEMED>                (2,455,248)
<SHARES-REINVESTED>                            541,263
<NET-CHANGE-IN-ASSETS>                     109,247,844
<ACCUMULATED-NII-PRIOR>                      9,334,962
<ACCUMULATED-GAINS-PRIOR>                    (434,944)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,335,653
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,383,181
<AVERAGE-NET-ASSETS>                       242,249,339
<PER-SHARE-NAV-BEGIN>                           17.400
<PER-SHARE-NII>                                   .761
<PER-SHARE-GAIN-APPREC>                          4.738
<PER-SHARE-DIVIDEND>                            (.749)
<PER-SHARE-DISTRIBUTIONS>                         .000
<RETURNS-OF-CAPITAL>                              .000
<PER-SHARE-NAV-END>                             22.150
<EXPENSE-RATIO>                                   .570
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              .000
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS DECEMBER 31, 1996 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>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                    1,131,582,574
<INVESTMENTS-AT-VALUE>                   1,184,550,481
<RECEIVABLES>                               19,608,765
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,204,159,246
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,868,926
<TOTAL-LIABILITIES>                          1,868,926
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,019,786,365
<SHARES-COMMON-STOCK>                       66,144,551
<SHARES-COMMON-PRIOR>                       79,533,668
<ACCUMULATED-NII-CURRENT>                   54,346,789
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     75,189,259
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    52,967,907
<NET-ASSETS>                             1,202,290,320
<DIVIDEND-INCOME>                           59,257,031
<INTEREST-INCOME>                            1,627,033
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (6,430,012)
<NET-INVESTMENT-INCOME>                     54,454,052
<REALIZED-GAINS-CURRENT>                    82,602,515
<APPREC-INCREASE-CURRENT>                 (53,557,473)
<NET-CHANGE-FROM-OPS>                       83,499,094
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (65,540,030)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      4,951,179
<NUMBER-OF-SHARES-REDEEMED>               (22,222,999)
<SHARES-REINVESTED>                          3,882,703
<NET-CHANGE-IN-ASSETS>                   (239,114,944)
<ACCUMULATED-NII-PRIOR>                     65,687,973
<ACCUMULATED-GAINS-PRIOR>                  (7,668,462)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        6,097,507
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              6,430,012
<AVERAGE-NET-ASSETS>                     1,295,673,336
<PER-SHARE-NAV-BEGIN>                            17.90
<PER-SHARE-NII>                                  0.910
<PER-SHARE-GAIN-APPREC>                          0.285
<PER-SHARE-DIVIDEND>                           (0.915)
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.18
<EXPENSE-RATIO>                                   .500
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                             0.000
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
VALUEMARK FUNDS DECEMBER 31, 1996 ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<SERIES>
   <NUMBER> 6
   <NAME> FVF FRANKLIN HIGH INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      406,708,119
<INVESTMENTS-AT-VALUE>                     424,943,010
<RECEIVABLES>                               21,276,515
<ASSETS-OTHER>                                  78,643
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             446,298,168
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      202,643
<TOTAL-LIABILITIES>                            202,643
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   389,644,275
<SHARES-COMMON-STOCK>                       31,511,357
<SHARES-COMMON-PRIOR>                       26,421,108
<ACCUMULATED-NII-CURRENT>                   37,005,221
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,211,890
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    18,234,139
<NET-ASSETS>                               446,095,525
<DIVIDEND-INCOME>                            1,642,821
<INTEREST-INCOME>                           37,434,091
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (2,068,184)
<NET-INVESTMENT-INCOME>                     37,008,728
<REALIZED-GAINS-CURRENT>                     1,210,500
<APPREC-INCREASE-CURRENT>                   13,294,221
<NET-CHANGE-FROM-OPS>                       51,513,449
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (31,018,182)
<DISTRIBUTIONS-OF-GAINS>                   (1,646,547)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     14,886,206
<NUMBER-OF-SHARES-REDEEMED>               (12,349,882)
<SHARES-REINVESTED>                          2,553,925
<NET-CHANGE-IN-ASSETS>                      85,191,979
<ACCUMULATED-NII-PRIOR>                     31,020,827
<ACCUMULATED-GAINS-PRIOR>                    1,641,755
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,985,566
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,068,184
<AVERAGE-NET-ASSETS>                       384,479,799
<PER-SHARE-NAV-BEGIN>                           13.660
<PER-SHARE-NII>                                  1.200
<PER-SHARE-GAIN-APPREC>                           .564
<PER-SHARE-DIVIDEND>                           (1.200)
<PER-SHARE-DISTRIBUTIONS>                       (.064)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             14.160
<EXPENSE-RATIO>                                   .540
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
The schedule contains summary financial information extracted from the
FVF Templeton Global Income Securities Fund December 31, 1996 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>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                        201946322
<INVESTMENTS-AT-VALUE>                       207971426
<RECEIVABLES>                                 13314134
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            750240
<TOTAL-ASSETS>                               222035800
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       313331
<TOTAL-LIABILITIES>                             313331
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     206500218
<SHARES-COMMON-STOCK>                         16287427
<SHARES-COMMON-PRIOR>                         18071046
<ACCUMULATED-NII-CURRENT>                     12596126
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (4045845)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       6671970
<NET-ASSETS>                                 221722469
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             17957900
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1392272
<NET-INVESTMENT-INCOME>                       16565628
<REALIZED-GAINS-CURRENT>                        419588
<APPREC-INCREASE-CURRENT>                      3321562
<NET-CHANGE-FROM-OPS>                         20306778
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   (17028466)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1774907
<NUMBER-OF-SHARES-REDEEMED>                  (4932897)
<SHARES-REINVESTED>                            1374371
<NET-CHANGE-IN-ASSETS>                      (21471615)
<ACCUMULATED-NII-PRIOR>                       14271863
<ACCUMULATED-GAINS-PRIOR>                    (5678332)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1262055
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1392272
<AVERAGE-NET-ASSETS>                         226836567
<PER-SHARE-NAV-BEGIN>                            13.46
<PER-SHARE-NII>                                   1.02
<PER-SHARE-GAIN-APPREC>                            .17
<PER-SHARE-DIVIDEND>                            (1.04)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.61
<EXPENSE-RATIO>                                    .61
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 8
   <NAME> FVF INVESTMENT GRADE INTERMEDIATE
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               OCT-25-1996
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                       11,806,190
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            7,859,681
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (786,879)
<NET-INVESTMENT-INCOME>                      7,072,802
<REALIZED-GAINS-CURRENT>                   (2,478,983)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        4,593,819
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (8,616,357)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,352,163
<NUMBER-OF-SHARES-REDEEMED>               (13,805,712)
<SHARES-REINVESTED>                            647,359
<NET-CHANGE-IN-ASSETS>                   (165,902,994)
<ACCUMULATED-NII-PRIOR>                      8,616,148
<ACCUMULATED-GAINS-PRIOR>                    (426,054)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          762,219
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                786,879
<AVERAGE-NET-ASSETS>                       161,347,575
<PER-SHARE-NAV-BEGIN>                           14.050
<PER-SHARE-NII>                                  0.690
<PER-SHARE-GAIN-APPREC>                        (0.296)
<PER-SHARE-DIVIDEND>                           (0.754)
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                              13.69
<EXPENSE-RATIO>                                  0.600
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                             0.000
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FRANKLIN
VALUEMARK FUNDS DECEMBER 31, 1996 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>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                    1,194,708,385
<INVESTMENTS-AT-VALUE>                   1,272,241,931
<RECEIVABLES>                               80,383,315
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,352,625,246
<PAYABLE-FOR-SECURITIES>                       517,007
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,448,819
<TOTAL-LIABILITIES>                          1,965,826
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,152,135,653
<SHARES-COMMON-STOCK>                       78,493,846
<SHARES-COMMON-PRIOR>                       76,913,014
<ACCUMULATED-NII-CURRENT>                   99,623,131
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     21,370,923
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    77,529,713
<NET-ASSETS>                             1,350,659,420
<DIVIDEND-INCOME>                           31,792,041
<INTEREST-INCOME>                           78,393,845
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (6,487,188)
<NET-INVESTMENT-INCOME>                    103,698,698
<REALIZED-GAINS-CURRENT>                    19,810,309
<APPREC-INCREASE-CURRENT>                   16,747,285
<NET-CHANGE-FROM-OPS>                      140,256,292
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (66,927,738)
<DISTRIBUTIONS-OF-GAINS>                  (11,125,807)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     12,978,656
<NUMBER-OF-SHARES-REDEEMED>               (16,378,905)
<SHARES-REINVESTED>                          4,981,081
<NET-CHANGE-IN-ASSETS>                      84,121,918
<ACCUMULATED-NII-PRIOR>                     91,003,300
<ACCUMULATED-GAINS-PRIOR>                   11,125,807
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        6,130,804
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              6,487,188
<AVERAGE-NET-ASSETS>                     1,303,109,098
<PER-SHARE-NAV-BEGIN>                           16.470
<PER-SHARE-NII>                                  1.320
<PER-SHARE-GAIN-APPREC>                           .438
<PER-SHARE-DIVIDEND>                            (.873)
<PER-SHARE-DISTRIBUTIONS>                       (.145)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             17.210
<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 SERIES DECEMBER 31, 1996 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>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      837,991,438
<INVESTMENTS-AT-VALUE>                     845,037,886
<RECEIVABLES>                               19,723,492
<ASSETS-OTHER>                                   6,673
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             864,768,051
<PAYABLE-FOR-SECURITIES>                    19,808,854
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,101,680
<TOTAL-LIABILITIES>                         20,910,534
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   809,758,093
<SHARES-COMMON-STOCK>                       62,667,403
<SHARES-COMMON-PRIOR>                       45,944,644
<ACCUMULATED-NII-CURRENT>                   42,920,983
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                   (15,868,007)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     7,046,448
<NET-ASSETS>                               843,857,517
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           46,276,568
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (3,288,910)
<NET-INVESTMENT-INCOME>                     42,987,658
<REALIZED-GAINS-CURRENT>                     (158,758)
<APPREC-INCREASE-CURRENT>                 (18,937,072)
<NET-CHANGE-FROM-OPS>                       23,891,828
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (41,654,771)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     26,808,328
<NUMBER-OF-SHARES-REDEEMED>               (13,383,651)
<SHARES-REINVESTED>                          3,298,082
<NET-CHANGE-IN-ASSETS>                     200,692,046
<ACCUMULATED-NII-PRIOR>                     41,588,096
<ACCUMULATED-GAINS-PRIOR>                 (15,709,249)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        3,162,073
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,288,910
<AVERAGE-NET-ASSETS>                       645,197,898
<PER-SHARE-NAV-BEGIN>                            14.00
<PER-SHARE-NII>                                   .750
<PER-SHARE-GAIN-APPREC>                         (.308)
<PER-SHARE-DIVIDEND>                            (.972)
<PER-SHARE-DISTRIBUTIONS>                         .000
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.47
<EXPENSE-RATIO>                                   .510
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              .000
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS DECEMBER 31, 1996 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>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      122,571,579
<INVESTMENTS-AT-VALUE>                     129,617,944
<RECEIVABLES>                                   69,876
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             129,687,820
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       86,878
<TOTAL-LIABILITIES>                             86,878
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   114,218,573
<SHARES-COMMON-STOCK>                        8,530,236
<SHARES-COMMON-PRIOR>                        8,730,149
<ACCUMULATED-NII-CURRENT>                    8,152,316
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        183,688
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     7,046,365
<NET-ASSETS>                               129,600,942
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            8,677,417
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (525,382)
<NET-INVESTMENT-INCOME>                      8,152,035
<REALIZED-GAINS-CURRENT>                       183,983
<APPREC-INCREASE-CURRENT>                  (5,248,940)
<NET-CHANGE-FROM-OPS>                        3,087,078
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (7,341,063)
<DISTRIBUTIONS-OF-GAINS>                      (72,481)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,346,751
<NUMBER-OF-SHARES-REDEEMED>                (2,064,008)
<SHARES-REINVESTED>                            517,344
<NET-CHANGE-IN-ASSETS>                     (7,755,779)
<ACCUMULATED-NII-PRIOR>                      7,341,344
<ACCUMULATED-GAINS-PRIOR>                       72,186
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          790,492
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                820,925
<AVERAGE-NET-ASSETS>                       132,666,034
<PER-SHARE-NAV-BEGIN>                           15.730
<PER-SHARE-NII>                                   .980
<PER-SHARE-GAIN-APPREC>                         (.651)
<PER-SHARE-DIVIDEND>                            (.861)
<PER-SHARE-DISTRIBUTIONS>                       (.009)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             15.190
<EXPENSE-RATIO>                                   .400
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS DECEMBER 31, 1996 ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 13
   <NAME> FVF ZERO COUPON FUND - 2005
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                       75,820,587
<INVESTMENTS-AT-VALUE>                      82,553,084
<RECEIVABLES>                                   94,488
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              82,647,572
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       44,103
<TOTAL-LIABILITIES>                             44,103
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    70,918,704
<SHARES-COMMON-STOCK>                        5,052,522
<SHARES-COMMON-PRIOR>                        4,788,425
<ACCUMULATED-NII-CURRENT>                    4,939,715
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         12,553
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     6,732,497
<NET-ASSETS>                                82,603,469
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            5,259,243
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (319,127)
<NET-INVESTMENT-INCOME>                      4,940,116
<REALIZED-GAINS-CURRENT>                        19,477
<APPREC-INCREASE-CURRENT>                  (5,309,151)
<NET-CHANGE-FROM-OPS>                        (349,558)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (4,218,190)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,047,318
<NUMBER-OF-SHARES-REDEEMED>                (1,065,563)
<SHARES-REINVESTED>                            282,342
<NET-CHANGE-IN-ASSETS>                       (618,234)
<ACCUMULATED-NII-PRIOR>                      4,217,789
<ACCUMULATED-GAINS-PRIOR>                      (6,924)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          503,611
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                523,024
<AVERAGE-NET-ASSETS>                        80,356,788
<PER-SHARE-NAV-BEGIN>                           17.380
<PER-SHARE-NII>                                  0.958
<PER-SHARE-GAIN-APPREC>                        (1.127)
<PER-SHARE-DIVIDEND>                           (0.861)
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             16.350
<EXPENSE-RATIO>                                  0.400
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                             0.000
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
VALUEMARK FUNDS DECEMBER 31, 1996 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>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                       69,789,913
<INVESTMENTS-AT-VALUE>                      79,266,684
<RECEIVABLES>                                  203,259
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              79,469,943
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      654,197
<TOTAL-LIABILITIES>                            654,197
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    64,840,733
<SHARES-COMMON-STOCK>                        4,839,072
<SHARES-COMMON-PRIOR>                        4,747,236
<ACCUMULATED-NII-CURRENT>                    4,878,360
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (380,118)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     9,476,771
<NET-ASSETS>                                78,815,746
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            5,189,484
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (311,076)
<NET-INVESTMENT-INCOME>                      4,878,408
<REALIZED-GAINS-CURRENT>                     (191,720)
<APPREC-INCREASE-CURRENT>                  (6,860,589)
<NET-CHANGE-FROM-OPS>                      (2,173,901)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (4,092,016)
<DISTRIBUTIONS-OF-GAINS>                   (1,109,315)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,638,570
<NUMBER-OF-SHARES-REDEEMED>                (2,908,691)
<SHARES-REINVESTED>                            361,957
<NET-CHANGE-IN-ASSETS>                     (6,817,046)
<ACCUMULATED-NII-PRIOR>                      4,091,968
<ACCUMULATED-GAINS-PRIOR>                      920,917
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          490,108
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                509,386
<AVERAGE-NET-ASSETS>                        78,202,405
<PER-SHARE-NAV-BEGIN>                           18.040
<PER-SHARE-NII>                                  1.024
<PER-SHARE-GAIN-APPREC>                        (1.658)
<PER-SHARE-DIVIDEND>                           (0.878)
<PER-SHARE-DISTRIBUTIONS>                      (0.238)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             16.290
<EXPENSE-RATIO>                                   0.40
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 15
   <NAME> FVF ADJUSTABLE US GOVERNMENT FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               OCT-25-1996
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                       17,665,320
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            9,758,654
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (846,625)
<NET-INVESTMENT-INCOME>                      8,912,029
<REALIZED-GAINS-CURRENT>                     (717,653)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        8,194,376
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (13,329,910)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,096,115
<NUMBER-OF-SHARES-REDEEMED>               (22,073,434)
<SHARES-REINVESTED>                         11,311,999
<NET-CHANGE-IN-ASSETS>                   (190,099,597)
<ACCUMULATED-NII-PRIOR>                     13,329,454
<ACCUMULATED-GAINS-PRIOR>                 (12,876,504)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          816,424
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                846,625
<AVERAGE-NET-ASSETS>                       174,569,902
<PER-SHARE-NAV-BEGIN>                           10.760
<PER-SHARE-NII>                                  0.720
<PER-SHARE-GAIN-APPREC>                        (0.220)
<PER-SHARE-DIVIDEND>                           (0.840)
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             10.420
<EXPENSE-RATIO>                                  0.590
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                             0.000
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS DECEMBER 31, 1996 ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRITY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 16
   <NAME> FVF RISING DIVIDENDS FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      431,060,996
<INVESTMENTS-AT-VALUE>                     581,340,585
<RECEIVABLES>                               18,139,066
<ASSETS-OTHER>                                 172,383
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             599,652,034
<PAYABLE-FOR-SECURITIES>                     1,853,351
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      374,982
<TOTAL-LIABILITIES>                          2,228,333
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   420,488,396
<SHARES-COMMON-STOCK>                       38,791,704
<SHARES-COMMON-PRIOR>                       36,588,561
<ACCUMULATED-NII-CURRENT>                    9,954,026
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     16,701,690
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   150,279,589
<NET-ASSETS>                               597,423,701
<DIVIDEND-INCOME>                           11,431,537
<INTEREST-INCOME>                            2,406,978
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (3,882,935)
<NET-INVESTMENT-INCOME>                      9,955,580
<REALIZED-GAINS-CURRENT>                    31,514,069
<APPREC-INCREASE-CURRENT>                   71,866,460
<NET-CHANGE-FROM-OPS>                      113,336,109
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (10,368,611)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      9,416,748
<NUMBER-OF-SHARES-REDEEMED>                (7,989,700)
<SHARES-REINVESTED>                            776,095
<NET-CHANGE-IN-ASSETS>                     134,170,424
<ACCUMULATED-NII-PRIOR>                     10,367,057
<ACCUMULATED-GAINS-PRIOR>                 (14,812,379)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        3,785,807
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,882,935
<AVERAGE-NET-ASSETS>                       507,786,427
<PER-SHARE-NAV-BEGIN>                           12.660
<PER-SHARE-NII>                                   .250
<PER-SHARE-GAIN-APPREC>                          2.769
<PER-SHARE-DIVIDEND>                            (.279)
<PER-SHARE-DISTRIBUTIONS>                         .000
<RETURNS-OF-CAPITAL>                              .000
<PER-SHARE-NAV-END>                             15.400
<EXPENSE-RATIO>                                   .760
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
The schedule contains summary financial information extracted from the FVF
Templeton Pacific Growth Fund December 31, 1996 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>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                        309117973
<INVESTMENTS-AT-VALUE>                       349309297
<RECEIVABLES>                                  9750287
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               264
<TOTAL-ASSETS>                               359059848
<PAYABLE-FOR-SECURITIES>                         29588
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      2271102
<TOTAL-LIABILITIES>                            2300690
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     319478539
<SHARES-COMMON-STOCK>                         24170761
<SHARES-COMMON-PRIOR>                         23870100
<ACCUMULATED-NII-CURRENT>                      2026130
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (4936835)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      40191324
<NET-ASSETS>                                 356759158
<DIVIDEND-INCOME>                              8545807
<INTEREST-INCOME>                               815560
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 3700215
<NET-INVESTMENT-INCOME>                        5661152
<REALIZED-GAINS-CURRENT>                     (4312669)
<APPREC-INCREASE-CURRENT>                     36732857
<NET-CHANGE-FROM-OPS>                         38081340
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   (10991812)
<DISTRIBUTIONS-OF-GAINS>                     (6370262)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       11017347
<NUMBER-OF-SHARES-REDEEMED>                 (11892182)
<SHARES-REINVESTED>                            1175496
<NET-CHANGE-IN-ASSETS>                        24823277
<ACCUMULATED-NII-PRIOR>                        7402137
<ACCUMULATED-GAINS-PRIOR>                      5700749
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          3343850
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                3700215
<AVERAGE-NET-ASSETS>                         374669300
<PER-SHARE-NAV-BEGIN>                            13.91
<PER-SHARE-NII>                                    .22
<PER-SHARE-GAIN-APPREC>                           1.33
<PER-SHARE-DIVIDEND>                             (.44)
<PER-SHARE-DISTRIBUTIONS>                        (.26)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.76
<EXPENSE-RATIO>                                    .99
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS DECEMBER 31, 1996 ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 18
   <NAME> FVF INTERNATIONAL EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                        839934287
<INVESTMENTS-AT-VALUE>                       974257046
<RECEIVABLES>                                136739487
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               931
<TOTAL-ASSETS>                              1110997464
<PAYABLE-FOR-SECURITIES>                       1250875
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1647215
<TOTAL-LIABILITIES>                            2898090
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     896377497
<SHARES-COMMON-STOCK>                         71718408
<SHARES-COMMON-PRIOR>                         63801042
<ACCUMULATED-NII-CURRENT>                     27747634
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       49651484
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     134322759
<NET-ASSETS>                                1108099374
<DIVIDEND-INCOME>                             28746834
<INTEREST-INCOME>                             10234709
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 8754783
<NET-INVESTMENT-INCOME>                       30226760
<REALIZED-GAINS-CURRENT>                      49297270
<APPREC-INCREASE-CURRENT>                    122637885
<NET-CHANGE-FROM-OPS>                        202161915
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   (25386301)
<DISTRIBUTIONS-OF-GAINS>                    (31064815)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       16304017
<NUMBER-OF-SHARES-REDEEMED>                 (12410252)
<SHARES-REINVESTED>                            4023601
<NET-CHANGE-IN-ASSETS>                       257982752
<ACCUMULATED-NII-PRIOR>                       23389762
<ACCUMULATED-GAINS-PRIOR>                     30936442
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          7945053
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                8754783
<AVERAGE-NET-ASSETS>                         982044410
<PER-SHARE-NAV-BEGIN>                            13.32
<PER-SHARE-NII>                                    .40
<PER-SHARE-GAIN-APPREC>                          2.575
<PER-SHARE-DIVIDEND>                             (.38)
<PER-SHARE-DISTRIBUTIONS>                       (.465)
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                              15.45
<EXPENSE-RATIO>                                    .89
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FVF DEVELOPING MARKETS EQUITY FUND DECEMBER 31, 1996 ANNUAL REPORT AND IS
QUALIFIED IN TI'S ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 19
   <NAME> FVF DEVELOPING MARKETS EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                        252593090
<INVESTMENTS-AT-VALUE>                       272491501
<RECEIVABLES>                                   873827
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            911992    
<TOTAL-ASSETS>                               274277320
<PAYABLE-FOR-SECURITIES>                       1715562
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       463337
<TOTAL-LIABILITIES>                            2178899
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     242432059
<SHARES-COMMON-STOCK>                         23468431
<SHARES-COMMON-PRIOR>                         16158219
<ACCUMULATED-NII-CURRENT>                      3577713
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        6190238
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      19898411
<NET-ASSETS>                                 272098421
<DIVIDEND-INCOME>                              6041537
<INTEREST-INCOME>                              1272781
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 3440251
<NET-INVESTMENT-INCOME>                        3874067
<REALIZED-GAINS-CURRENT>                       6246440
<APPREC-INCREASE-CURRENT>                     29692572
<NET-CHANGE-FROM-OPS>                         39813079
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (2182460)
<DISTRIBUTIONS-OF-GAINS>                      (4037551)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       12008203
<NUMBER-OF-SHARES-REDEEMED>                  (5266029)
<SHARES-REINVESTED>                             568038
<NET-CHANGE-IN-ASSETS>                       114014579
<ACCUMULATED-NII-PRIOR>                        2084657
<ACCUMULATED-GAINS-PRIOR>                      3782798
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          2887400
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                3440251
<AVERAGE-NET-ASSETS>                         231025148
<PER-SHARE-NAV-BEGIN>                             9.78
<PER-SHARE-NII>                                  0.123
<PER-SHARE-GAIN-APPREC>                          1.972
<PER-SHARE-DIVIDEND>                            (0.10)
<PER-SHARE-DISTRIBUTIONS>                      (0.185)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.59
<EXPENSE-RATIO>                                   1.49
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS DECEMBER 31, 1996 ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 20
   <NAME> FVF GLOBAL GROWTH FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                        438071335
<INVESTMENTS-AT-VALUE>                       526446386
<RECEIVABLES>                                 62990048
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               589436434
<PAYABLE-FOR-SECURITIES>                       1381875
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      8177172
<TOTAL-LIABILITIES>                            9559047
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     477512215
<SHARES-COMMON-STOCK>                         42027864
<SHARES-COMMON-PRIOR>                         28840285
<ACCUMULATED-NII-CURRENT>                     10394157
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        3595964
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      88375051
<NET-ASSETS>                                 579877387
<DIVIDEND-INCOME>                             10977393
<INTEREST-INCOME>                              3337722
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 4249652
<NET-INVESTMENT-INCOME>                       10065463
<REALIZED-GAINS-CURRENT>                       5117524
<APPREC-INCREASE-CURRENT>                     73557750
<NET-CHANGE-FROM-OPS>                         88740737
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (7356652)
<DISTRIBUTIONS-OF-GAINS>                     (7356653)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       16172059
<NUMBER-OF-SHARES-REDEEMED>                  (4156855)
<SHARES-REINVESTED>                            1172375
<NET-CHANGE-IN-ASSETS>                       241122270
<ACCUMULATED-NII-PRIOR>                        5816563
<ACCUMULATED-GAINS-PRIOR>                      7703876
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          4016061
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                4249652
<AVERAGE-NET-ASSETS>                         458257625
<PER-SHARE-NAV-BEGIN>                            11.75
<PER-SHARE-NII>                                   .251
<PER-SHARE-GAIN-APPREC>                          2.209
<PER-SHARE-DIVIDEND>                            (.205)
<PER-SHARE-DISTRIBUTIONS>                       (.205)     
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                              13.80
<EXPENSE-RATIO>                                    .93
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
The schedule contains summary financial information extracted from the
FVF Templeton Global Asset Allocation Fund December 31, 1996 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>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                         42853167
<INVESTMENTS-AT-VALUE>                        47868276
<RECEIVABLES>                                  8497397
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                              5521
<TOTAL-ASSETS>                                56371194
<PAYABLE-FOR-SECURITIES>                         47880
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        49188
<TOTAL-LIABILITIES>                              97068
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      49365276
<SHARES-COMMON-STOCK>                          4469291
<SHARES-COMMON-PRIOR>                          1399950
<ACCUMULATED-NII-CURRENT>                      1460392
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         428295
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       5020163
<NET-ASSETS>                                  56274126
<DIVIDEND-INCOME>                               540763
<INTEREST-INCOME>                              1192888
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  295455
<NET-INVESTMENT-INCOME>                        1438196
<REALIZED-GAINS-CURRENT>                        477024
<APPREC-INCREASE-CURRENT>                      4638002
<NET-CHANGE-FROM-OPS>                          6553222
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (14806)
<DISTRIBUTIONS-OF-GAINS>                       (29614)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        3324255
<NUMBER-OF-SHARES-REDEEMED>                   (258845)
<SHARES-REINVESTED>                               3931
<NET-CHANGE-IN-ASSETS>                        41545423
<ACCUMULATED-NII-PRIOR>                         (6078)
<ACCUMULATED-GAINS-PRIOR>                        23965
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           272732
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 295455
<AVERAGE-NET-ASSETS>                          34101788
<PER-SHARE-NAV-BEGIN>                            10.52
<PER-SHARE-NII>                                    .34
<PER-SHARE-GAIN-APPREC>                           1.75
<PER-SHARE-DIVIDEND>                             (.01)
<PER-SHARE-DISTRIBUTIONS>                        (.01)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.59
<EXPENSE-RATIO>                                    .86
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS DECEMBER 31, 1996 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>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      146,105,705
<INVESTMENTS-AT-VALUE>                     156,518,778
<RECEIVABLES>                               16,789,122
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             173,307,900
<PAYABLE-FOR-SECURITIES>                     1,812,272
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      526,658
<TOTAL-LIABILITIES>                          2,338,930
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   153,244,630
<SHARES-COMMON-STOCK>                       12,956,069
<SHARES-COMMON-PRIOR>                        1,298,788
<ACCUMULATED-NII-CURRENT>                      578,335
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      6,732,932
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    10,413,073
<NET-ASSETS>                               170,968,970
<DIVIDEND-INCOME>                              494,208
<INTEREST-INCOME>                              807,636
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (716,359)
<NET-INVESTMENT-INCOME>                        585,485
<REALIZED-GAINS-CURRENT>                     6,726,182
<APPREC-INCREASE-CURRENT>                   10,251,252
<NET-CHANGE-FROM-OPS>                       17,562,919
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (33,640)
<DISTRIBUTIONS-OF-GAINS>                       (2,727)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     17,929,579
<NUMBER-OF-SHARES-REDEEMED>                (6,275,212)
<SHARES-REINVESTED>                              2,914
<NET-CHANGE-IN-ASSETS>                     157,667,492
<ACCUMULATED-NII-PRIOR>                         33,213
<ACCUMULATED-GAINS-PRIOR>                        2,754
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          694,975
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                716,359
<AVERAGE-NET-ASSETS>                        92,912,012
<PER-SHARE-NAV-BEGIN>                           10.240
<PER-SHARE-NII>                                   .023
<PER-SHARE-GAIN-APPREC>                          2.941
<PER-SHARE-DIVIDEND>                            (.004)
<PER-SHARE-DISTRIBUTIONS>                         .000
<RETURNS-OF-CAPITAL>                              .000
<PER-SHARE-NAV-END>                             13.200
<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 DECEMBER 31, 1996 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>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                       35,787,432
<INVESTMENTS-AT-VALUE>                      37,769,882
<RECEIVABLES>                                7,924,770
<ASSETS-OTHER>                                   7,564
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              45,702,216
<PAYABLE-FOR-SECURITIES>                     1,007,236
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       28,269
<TOTAL-LIABILITIES>                          1,035,505
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    42,714,460
<SHARES-COMMON-STOCK>                        3,930,828
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                      109,751
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (139,950)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,982,450
<NET-ASSETS>                                44,666,711
<DIVIDEND-INCOME>                               84,201
<INTEREST-INCOME>                              114,799
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (88,786)
<NET-INVESTMENT-INCOME>                        110,214
<REALIZED-GAINS-CURRENT>                     (140,413)
<APPREC-INCREASE-CURRENT>                    1,982,450
<NET-CHANGE-FROM-OPS>                        1,952,251
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      4,551,652
<NUMBER-OF-SHARES-REDEEMED>                  (620,824)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      44,666,711
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           86,028
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 88,786
<AVERAGE-NET-ASSETS>                        17,154,200
<PER-SHARE-NAV-BEGIN>                           10.000
<PER-SHARE-NII>                                  0.030
<PER-SHARE-GAIN-APPREC>                          1.330
<PER-SHARE-DIVIDEND>                             0.000
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             11.360
<EXPENSE-RATIO>                                  0.770
<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
FVF INTERNATIONAL SMALLER COMPANIES FUND DECEMBER 31, 1996 ANNUAL REPORT
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 24
   <NAME> FVF INTERNATIONAL SMALLER COMPANIES FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                          8896301
<INVESTMENTS-AT-VALUE>                        10000373
<RECEIVABLES>                                  6359669
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                16360042
<PAYABLE-FOR-SECURITIES>                         39162
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        65842
<TOTAL-LIABILITIES>                             105004
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      15018322
<SHARES-COMMON-STOCK>                          1445259
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       132644
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       1104072
<NET-ASSETS>                                  16255038
<DIVIDEND-INCOME>                                84349
<INTEREST-INCOME>                               122487
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   65471
<NET-INVESTMENT-INCOME>                         141365
<REALIZED-GAINS-CURRENT>                        (8721)
<APPREC-INCREASE-CURRENT>                      1104072
<NET-CHANGE-FROM-OPS>                          1236716
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1887934
<NUMBER-OF-SHARES-REDEEMED>                   (442675)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         16255038
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            56389
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  65471
<AVERAGE-NET-ASSETS>                           8422679
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                  0.091
<PER-SHARE-GAIN-APPREC>                          1.159
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.25
<EXPENSE-RATIO>                                   1.16
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
The schedule contains summary financial information extracted from the
FVF Mutual Discovery Securities Fund December 31, 1996 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>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             NOV-08-1996<F1>
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                         16398506
<INVESTMENTS-AT-VALUE>                        16639830
<RECEIVABLES>                                   751204
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                           1021497
<TOTAL-ASSETS>                                18412531
<PAYABLE-FOR-SECURITIES>                       2925519
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        69282
<TOTAL-LIABILITIES>                            2994801
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      15203733
<SHARES-COMMON-STOCK>                          1510497
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        26147
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        187850
<NET-ASSETS>                                  15417730
<DIVIDEND-INCOME>                                 5586
<INTEREST-INCOME>                                34509
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   15808
<NET-INVESTMENT-INCOME>                          24287
<REALIZED-GAINS-CURRENT>                          1860
<APPREC-INCREASE-CURRENT>                       187850
<NET-CHANGE-FROM-OPS>                           213997
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1510497
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        15417730
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            11033
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  15808
<AVERAGE-NET-ASSETS>                           8229663
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                            .19
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.21
<EXPENSE-RATIO>                                   1.37
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1> THE COMMENCEMENT OF OPERATIONS WAS ON NOVEMBER 08, 1996.
</FN> 
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS DECEMBER 31, 1996 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>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             NOV-08-1996<F1>       
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                         28193498
<INVESTMENTS-AT-VALUE>                        28810315
<RECEIVABLES>                                   717726
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                           1254546
<TOTAL-ASSETS>                                30782587
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                          68311
<OTHER-ITEMS-LIABILITIES>                      3105665
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                               27061027
<PAID-IN-CAPITAL-COMMON>                       2673901
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                            50601
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                          (3049)
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        568343
<ACCUM-APPREC-OR-DEPREC>                      27676922
<NET-ASSETS>                                      8410
<DIVIDEND-INCOME>                                62029
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   19838
<NET-INVESTMENT-INCOME>                          50601
<REALIZED-GAINS-CURRENT>                        (3049)
<APPREC-INCREASE-CURRENT>                       568343
<NET-CHANGE-FROM-OPS>                           615895
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        2673916
<NUMBER-OF-SHARES-REDEEMED>                       (15)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        27676922
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            11822
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  19838
<AVERAGE-NET-ASSETS>                          14211866
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   .019
<PER-SHARE-GAIN-APPREC>                           .331
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.35
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>
The commencement of operations was on November 8, 1996.
</FN>
        

</TABLE>




                   REPORT OF INDEPENDENT AUDITORS  




To the Shareholders and Board of Trustees of Franklin
Valuemark Funds:  

In planning and performing our audit of the financial
statements and financial highlights of the funds
comprising the Franklin Valuemark Funds for the
year ended December 31, 1996, we considered its internal
control structure, including procedures for
safeguarding securities, in order to determine our
auditing procedures for the  purpose of expressing our
opinion on the financial statements and  financial
highlights and to comply with the requirements of Form
N-SAR, not to provide assurance on the internal control
structure.

The management of the Franklin Valuemark Funds is
responsible for establishing and maintaining an
internal control structure. In fulfilling this
responsibility, estimates and judgments by management
are required to assess the expected benefits and
related costs of internal control structure policies
and procedures.  Two of the objectives of an internal
control structure are to provide management with
reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or
disposition and that transactions are executed in
accordance with management's authorization and recorded
properly to permit preparation of financial statements
in conformity with generally accepted accounting
principles.  

Because of inherent limitations in any internal control
structure, errors or irregularities may occur and not
be detected.  Also, projection of any evaluation of the
structure to future periods is subject to the risk that
it may become inadequate because of changes in
conditions or that the effectiveness of the design and
operation may deteriorate.  

Our consideration of the internal control structure
would not  necessarily disclose all matters in the
internal control structure that might be material
weaknesses under standards established by the American
Institute of Certified Public Accountants.  A material
weakness is a condition in which the design or
operation of the specific internal control structure
elements does not reduce to a relatively low level the
risk that errors or irregularities in  amounts that
would be material in relation to the financial
statements  and financial highlights being audited may
occur and not be detected within a timely period by
employees in the normal course of performing their
assigned functions.  However, we noted no matters
involving the internal control structure, including
procedures for safeguarding securities, that we
consider to be material weaknesses,  as defined above,
as of December 31, 1996. 

This report is intended solely for the information and
use of  management of the Franklin Valuemark Funds
and the Securities and Exchange Commission.  




S\Coopers & Lybrand L.L.P.
San Francisco, California
February 4, 1997    



NAME OF REGISTRANT:
Franklin Valuemark Funds
File No. 811-5583

EXHIBIT ITEM No. 77C:
Submission of matters to a vote of shareholders.
	
MUTUAL DISCOVERY SECURITIES FUND

ACTION OF SOLE SHAREHOLDER BY WRITTEN CONSENT



The undersigned, being the sole shareholder of the MUTUAL DISCOVERY 
SECURITIES Fund (the "Fund"), a series of Franklin Valuemark Funds 
(the "Trust"), does hereby take the following actions and does hereby consent 
to the following votes:


VOTED:  That the investment management agreement to be entered into 
between Franklin Mutual Advisers, Inc. and the Trust on behalf of the Fund, be, 
and it hereby is, approved for the Fund.


VOTED:  That the appointment of Coopers & Lybrand as the independent 
accountants for the Fund for the fiscal year ending December 31, 1996, be, 
and it hereby is, approved.

By execution hereof, the undersigned shareholder waives prior notice of the 
foregoing action by written consent.



                                   ALLIANZ LIFE INSURANCE COMPANY 
                                   OF NORTH AMERICA on behalf of 
                                   Allianz Life Variable Account B



As of October 21, 1996             By:  /s/ James P. Kelso   
                                        James P. Kelso
                                        Vice President
                                        Variable Products




NAME OF REGISTRANT:
Franklin Valuemark Funds
File No. 811-5583

EXHIBIT ITEM No. 77C:
Submission of matters to a vote of shareholders.
	
MUTUAL SHARES SECURITIES FUND

ACTION OF SOLE SHAREHOLDER BY WRITTEN CONSENT



The undersigned, being the sole shareholder of the MUTUAL SHARES 
SECURITIES Fund (the "Fund"), a series of Franklin Valuemark Funds 
(the "Trust"), does hereby take the following actions and does hereby 
consent to the following votes:


VOTED: That the investment management agreement to be entered into 
between Franklin Mutual Advisers, Inc. and the Trust on behalf of the Fund, 
be, and it hereby is, approved for the Fund.


VOTED: That the appointment of Coopers & Lybrand as the independent 
accountants for the Fund for the fiscal year ending December 31, 1996, be, 
and it hereby is, approved.

By execution hereof, the undersigned shareholder waives prior notice of the 
foregoing action by written consent.



                                   ALLIANZ LIFE INSURANCE COMPANY 
                                   OF NORTH AMERICA on behalf of 
                                   Allianz Life Variable Account B



As of October 21, 1996             By:  /s/ James P. Kelso   
                                        James P. Kelso
                                        Vice President
                                        Variable Products