<PAGE> PAGE 1
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<PAGE> PAGE 2
"011 A00AA01 FRANKLIN/TEMPLETON DISTRIBUTOR, INC."
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
015 D020110 75078
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"015 A000117 THE CHASE MANHATTAN BANK, N.A."
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<PAGE> PAGE 8
015 C010119 MEXICO D.F.
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015 D010125 CHINA
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015 C010127 SEOUL
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"015 A000128 THE CHASE MANHATTAN BANK, N.A."
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<PAGE> PAGE 9
015 D010128 SPAIN
015 D020128 28042
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015 A000129 THE HONG KONG & SHANGHAI BANKING CORP. LTD.
015 B000129 S
015 C010129 COLOMBO
015 D010129 SRI LANKA
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015 C010131 ZURICH
015 D010131 SWITZERLAND
015 D020131 8021
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"015 A000132 THE CHASE MANHATTAN BANK, N.A."
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015 C010132 BANGKOK
015 D010132 THAILAND
015 D020132 10500
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"015 A000133 THE CHASE MANHATTAN BANK, N.A."
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"015 A000134 THE CHASE MANHATTAN BANK, N.A."
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<PAGE> PAGE 10
015 C010137 LUXEMBOURG
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<PAGE> PAGE 11
015 D010146 EGYPT
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
015 A000205 GENERALE BANK
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<PAGE> PAGE 17
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015 A000221 NATIONAL NOMINEES LIMITED
015 B000221 S
015 C010221 AUCKLAND
015 D010221 NEW ZEALAND
015 E040221 X
015 A000222 DEN NORSKE BANK
015 B000222 S
015 C010222 OSLO
<PAGE> PAGE 18
015 D010222 NORWAY
015 D020222 1
015 E040222 X
015 A000223 THE HONG KONG AND SHANGHAI BANKING CORP. LTD.
015 B000223 S
015 C010223 MANILA
015 D010223 PHILIPPINES
015 E040223 X
015 A000224 BANCO ESPIRITO SANTO & COMMERCIAL DE LISBOA
015 B000224 S
015 C010224 LISBON
015 D010224 PORTUGAL
015 D020224 P-1200
015 E040224 X
015 A000225 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000225 S
015 C010225 SHENZHEN
015 D010225 CHINA
015 E040225 X
"015 A000226 THE CHASE MANHATTAN BANK, N.A."
015 B000226 S
015 C010226 SINGAPORE
015 D010226 SINGAPORE
015 D020226 0104
015 E040226 X
015 A000227 THE HONG KONG & SHANGHAI BANKING CORP. LTD.
015 B000227 S
015 C010227 SEOUL
015 D010227 SOUTH KOREA
015 E040227 X
"015 A000228 THE CHASE MANHATTAN BANK, N.A."
015 B000228 S
015 C010228 MADRID
015 D010228 SPAIN
015 D020228 28042
015 E040228 X
015 A000229 THE HONG KONG & SHANGHAI BANKING CORP. & LTD.
015 B000229 S
015 C010229 COLOMBO
015 D010229 SRI LANKA
015 D020229 1
015 E040229 X
015 A000230 SKANDINAVISKA ENSKILDA BANKEN
015 B000230 S
015 C010230 STOCKHOLM
015 D010230 SWEDEN
015 D020230 S-106 40
015 E040230 X
015 A000231 UNION BANK OF SWITZERLAND
015 B000231 S
015 C010231 ZURICH
<PAGE> PAGE 19
015 D010231 SWITZERLAND
015 D020231 8021
015 E040231 X
"015 A000232 THE CHASE MANHATTAN BANK, N.A."
015 B000232 S
015 C010232 BANGKOK
015 D010232 THAILAND
015 D020232 10500
015 E040232 X
"015 A000233 THE CHASE MANHATTAN BANK, N.A."
015 B000233 S
015 C010233 ISTANBUL
015 D010233 TURKEY
015 E040233 X
"015 A000234 THE CHASE MANHATTAN BANK, N.A."
015 B000234 S
015 C010234 LONDON
015 D010234 UNITED KINGDOM
015 D020234 EC2P 2HD
015 E040234 X
015 A000235 CITIBANK N.A.
015 B000235 S
015 C010235 CARACAS
015 D010235 VENEZUELA
015 D020235 1010
015 E040235 X
015 A000236 AUSTRACLEAR RESERVE BANK
015 B000236 S
015 C010236 SYDNEY
015 D010236 AUSTRALIA
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015 D010237 LUXEMBOURG
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015 D020238 EC3A 1AA
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"015 A000239 BANCO CHASE MANHATTAN, SA"
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<PAGE> PAGE 20
015 D010240 COLOMBIA
015 E040240 X
"015 A000241 CITIBANK, NA"
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015 D010241 PERU
015 D020241 27
015 E040241 X
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015 D010242 BANGLADESH
015 D020242 1000
015 E040242 X
015 A000243 BANK LEUMI LE-ISRAEL B.M.
015 B000243 S
015 C010243 TEL AVIV
015 D010243 ISRAEL
015 D020243 65136
015 E040243 X
015 A000244 THE HONGKONG & SHANGHAI BANKING CORP LTD
015 B000244 S
015 C010244 SHANGHAI
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015 D020244 1376
015 E040244 X
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015 D020245 1052
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015 E040247 X
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015 A000249 CESKOSLOVENSKA OBEHODNI BANKA AS
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<PAGE> PAGE 21
015 D010249 CZECH REPUBLIC
015 D020249 11520
015 E040249 X
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015 D010250 ZIMBABWE
015 E040250 X
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015 D020251 00-0920
015 E040251 X
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015 E040252 X
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015 B000253 S
015 C010253 CAIRO
015 D010253 EGYPT
015 E040253 X
015 A000254 HONGKONG AND SHANGHAI BANKING CORP. LTD
015 B000254 S
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015 D010254 MAURITIUS
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<PAGE> PAGE 22
028 D020200 0
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<PAGE> PAGE 23
062 D000200 0.0
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066 C000200 N
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066 D000200 N
066 E000200 N
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066 F000200 N
066 G000200 N
066 G000200 N
067 000200 N
067 000200 N
068 A000200 N
068 A000200 N
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068 B000200 Y
069 000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
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<PAGE> PAGE 24
070 G010200 Y
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<PAGE> PAGE 25
072 X000200 8839
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008 A000301 TEMPLETON INVESTMENT COUNSEL INC
008 B000301 A
008 C000301 801-15125
008 D010301 FT. LAUDERDALE
<PAGE> PAGE 26
008 D020301 FL
008 D030301 33394
008 D040301 3091
"015 A000301 THE CHASE MANHATTAN BANK, N.A."
015 B000301 S
015 C010301 NEW YORK
015 C020301 NY
015 C030301 10081
015 E010301 X
"015 A000302 THE CHASE MANHATTAN BANK, N.A."
015 B000302 S
015 C010302 BUENOS AIRES
015 D010302 ARGENTINA
015 E040302 X
"015 A000303 THE CHASE MANHATTAN BANK, N.A."
015 B000303 S
015 C010303 SYDNEY
015 D010303 AUSTRALIA
015 E040303 X
015 A000304 CREDITANSTALT-BANKVEREIN
015 B000304 S
015 C010304 VIENNA
015 D010304 AUSTRIA
015 D020304 A-1011
015 E040304 X
015 A000305 GENERALE BANK
015 B000305 S
015 C010305 BRUXELLES
015 D010305 BELGIUM
015 D020305 1000
015 E040305 X
015 A000306 THE ROYAL BANK OF CANADA
015 B000306 S
015 C010306 TORONTO
015 D010306 CANADA
015 D020306 M5J 2J5
015 E040306 X
015 A000307 CANADA TRUST
015 B000307 S
015 C010307 TORONTO
015 D010307 CANADA
015 D020307 M5J 2T2
015 E040307 X
015 A000308 DEN DANSKE BANK
015 B000308 S
015 C010308 COPENHAGEN
015 D010308 DENMARK
015 E040308 X
015 A000309 KANSALLIS-OSAKE-PANKKI
015 B000309 S
015 C010309 HELSINKI
<PAGE> PAGE 27
015 D010309 FINLAND
015 D020309 500
015 E040309 X
015 A000310 BANQUE PARIBUS
015 B000310 S
015 C010310 PARIS
015 D010310 FRANCE
015 D020310 75078
015 E040310 X
015 A000311 CHASE BANK A.G.
015 B000311 S
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015 D010311 GERMANY
015 D020311 60441
015 E040311 X
015 A000312 BARCLAYS BANK PLC
015 B000312 S
015 C010312 ATHENS
015 D010312 GREECE
015 D020312 10562
015 E040312 X
"015 A000313 THE CHASE MANHATTAN BANK, N.A."
015 B000313 S
015 C010313 HONG KONG
015 D010313 HONG KONG
015 E040313 X
015 A000314 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000314 S
015 C010314 JAKARTA
015 D010314 INDONESIA
015 D020314 10023
015 E040314 X
015 A000315 BANK OF IRELAND
015 B000315 S
015 C010315 DUBLIN
015 D010315 IRELAND
015 D020315 1
015 E040315 X
"015 A000316 THE CHASE MANHATTAN BANK, N.A."
015 B000316 S
015 C010316 MILAN
015 D010316 ITALY
015 D020316 20121
015 E040316 X
"015 A000317 THE CHASE MANHATTAN BANK, N.A."
015 B000317 S
015 C010317 TOKYO
015 D010317 JAPAN
015 D020317 100
015 E040317 X
"015 A000318 THE CHASE MANHATTAN BANK, N.A."
<PAGE> PAGE 28
015 B000318 S
015 C010318 KUALA LUMPUR
015 D010318 MALAYSIA
015 D020318 50250
015 E040318 X
"015 A000319 THE CHASE MANHATTAN BANK, N.A."
015 B000319 S
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015 D010319 MEXICO
015 D020319 06660
015 E040319 X
015 A000320 ABN AMRO NV
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015 E040320 X
015 A000321 NATIONAL NOMINEES LIMITED
015 B000321 S
015 C010321 AUCKLAND
015 D010321 NEW ZEALAND
015 E040321 X
015 A000322 DEN NORSKE BANK
015 B000322 S
015 C010322 OSLO
015 D010322 NORWAY
015 D020322 1
015 E040322 X
015 A000323 THE HONG KONG AND SHANGHAI BANKING CORP. LTD.
015 B000323 S
015 C010323 MANILA
015 D010323 PHILIPPINES
015 E040323 X
015 A000324 BANCO ESPIRITO SANTO & COMMERCIAL DE LISBOA
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015 D020324 1200
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015 A000325 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000325 S
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015 D010325 CHINA
015 E040325 X
"015 A000326 THE CHASE MANHATTAN BANK, N.A."
015 B000326 S
015 C010326 SINGAPORE
015 D010326 SINGAPORE
015 D020326 0104
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015 A000327 THE HONG KONG & SHANGHAI BANKING CORP. LTD.
<PAGE> PAGE 29
015 B000327 S
015 C010327 SEOUL
015 D010327 SOUTH KOREA
015 E040327 X
"015 A000328 THE CHASE MANHATTAN BANK, N.A."
015 B000328 S
015 C010328 MADRID
015 D010328 SPAIN
015 D020328 28042
015 E040328 X
015 A000329 THE HONG KONG & SHANGHAI BANKING CORP. LTD.
015 B000329 S
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015 D020329 1
015 E040329 X
015 A000330 SKANDINAVISKA ENSKILDA BANKEN
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015 D020331 8021
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015 E040333 X
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015 D020334 EC2P 2HD
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015 D020335 1010
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<PAGE> PAGE 30
015 A000336 AUSTRACLEAR RESERVE BANK
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015 B000346 S
<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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"008 A000401 TEMPLETON INVESTMENT COUNSEL, INC."
008 B000401 A
008 C000401 801-15125
008 D010401 FT. LAUDERDALE
008 D020401 FL
008 D030401 33394
008 D040401 3091
"015 A000401 THE CHASE MANHATTAN BANK, N.A."
015 B000401 C
015 C010401 NEW YORK
015 C020401 NY
015 C030401 10081
015 E010401 X
"015 A000402 THE CHASE MANHATTAN BANK, N.A."
015 B000402 S
015 C010402 BUENOS AIRES
015 D010402 ARGENTINA
015 E040402 X
015 A000403 THE CHASE MANHATTAN BANK-AUSTRALIA LIMITED
015 B000403 S
015 C010403 SYDNEY
015 D010403 AUSTRALIA
015 D020403 2000
015 E040403 X
015 A000404 CREDITANSTALT - BANKVEREIN
015 B000404 S
015 C010404 VIENNA
015 D010404 AUSTRIA
015 D020404 A-1011
015 E040404 X
015 A000405 GENERALE BANK
015 B000405 S
015 C010405 BRUXELLES
015 D010405 BELGIUM
<PAGE> PAGE 36
015 D020405 1000
015 E040405 X
015 A000406 THE ROYAL BANK OF CANADA
015 B000406 S
015 C010406 TORONTO
015 D010406 CANADA
015 D020406 M5J 2J5
015 E040406 X
015 A000407 CANADA TRUST
015 B000407 S
015 C010407 TORONTO
015 D010407 CANADA
015 D020407 M5J 2T2
015 E040407 X
015 A000408 DEN DANSKE BANK
015 B000408 S
015 C010408 COPENHAGEN
015 D010408 DENMARK
015 E040408 X
015 A000409 KANSALLIS-OSAKE-PANKKI
015 B000409 S
015 C010409 HELSINKI
015 D010409 FINLAND
015 D020409 500
015 E040409 X
015 A000410 BANQUE PARIBAS
015 B000410 S
015 C010410 PARIS
015 D010410 FRANCE
015 D020410 75078
015 E040410 X
015 A000411 CHASE BANK A.G.
015 B000411 S
015 C010411 FRANKFURT
015 D010411 GERMANY
015 D020411 60441
015 E040411 X
015 A000412 BARCLAYS BANK PLC
015 B000412 S
015 C010412 ATHENS
015 D010412 GREECE
015 E040412 X
"015 A000413 THE CHASE MANHATTAN BANK, N.A."
015 B000413 S
015 C010413 HONG KONG
015 D010413 HONG KONG
015 E040413 X
015 A000414 THE HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B000414 S
015 C010414 JAKARTA
015 D010414 INDONESIA
<PAGE> PAGE 37
015 D020414 10023
015 E040414 X
015 A000415 BANK OF IRELAND
015 B000415 S
015 C010415 DUBLIN
015 D010415 IRELAND
015 D020415 1
015 E040415 X
"015 A000416 THE CHASE MANHATTAN BANK, N.A."
015 B000416 S
015 C010416 MILAN
015 D010416 ITALY
015 D020416 20121
015 E040416 X
"015 A000417 THE CHASE MANHATTAN BANK, N.A."
015 B000417 S
015 C010417 TOKYO
015 D010417 JAPAN
015 D020417 100
015 E040417 X
"015 A000418 THE CHASE MANHATTAN BANK, N.A."
015 B000418 S
015 C010418 KUALA LUMPUR
015 D010418 MALAYSIA
015 D020418 50250
015 E040418 X
"015 A000419 THE CHASE MANHATTAN BANK, N.A."
015 B000419 S
015 C010419 MEXICO D.F.
015 D010419 MEXICO
015 D020419 06660
015 E040419 X
015 A000420 ABN AMRO N.V.
015 B000420 S
015 C010420 DE BREDA
015 D010420 NETHERLANDS
015 D020420 4800
015 E040420 X
015 A000421 NATIONAL NOMINEES LIMITED
015 B000421 S
015 C010421 AUCKLAND
015 D010421 NEW ZEALAND
015 E040421 X
015 A000422 DEN NORSKE BANK
015 B000422 S
015 C010422 OSLO
015 D010422 NORWAY
015 D020422 1
015 E040422 X
015 A000423 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000423 S
<PAGE> PAGE 38
015 C010423 MANILA
015 D010423 PHILIPPINES
015 E040423 X
015 A000424 BANCO ESPIRITO SANTO & COMMERCIAL DE LISBOA
015 B000424 S
015 C010424 LISBON
015 D010424 PORTUGAL
015 D020424 1200
015 E040424 X
015 A000425 THE HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B000425 S
015 C010425 SHENZHEN
015 D010425 CHINA
015 E040425 X
"015 A000426 THE CHASE MANHATTAN BANK, N.A."
015 B000426 S
015 C010426 SINGAPORE
015 D010426 SINGAPORE
015 D020426 0104
015 E040426 X
015 A000427 THE HONG KONG & SHANGHAI BANKING CORP. LTD.
015 B000427 S
015 C010427 SEOUL
015 D010427 SOUTH KOREA
015 E040427 X
"015 A000428 THE CHASE MANHATTAN BANK, N.A."
015 B000428 S
015 C010428 MADRID
015 D010428 SPAIN
015 D020428 28042
015 E040428 X
015 A000429 THE HONG KONG & SHANGHAI BANKING CORP. LTD.
015 B000429 S
015 C010429 COLOMBO
015 D010429 SRI LANKA
015 D020429 1
015 E040429 X
015 A000430 SKANDINAVISKA ENSKILDA BANKEN
015 B000430 S
015 C010430 STOCKHOLM
015 D010430 SWEDEN
015 D020430 S-106 40
015 E040430 X
015 A000431 UNION BANK OF SWITZERLAND
015 B000431 S
015 C010431 ZURICH
015 D010431 SWITZERLAND
015 D020431 8021
015 E040431 X
"015 A000432 THE CHASE MANHATTAN BANK, N.A."
015 B000432 S
<PAGE> PAGE 39
015 C010432 BANGK0K
015 D010432 THAILAND
015 D020432 10500
015 E040432 X
"015 A000433 THE CHASE MANHATTAN BANK, N.A."
015 B000433 S
015 C010433 ISTANBUL
015 D010433 TURKEY
015 E040433 X
"015 A000434 THE CHASE MANHATTAN BANK, N.A."
015 B000434 S
015 C010434 LONDON
015 D010434 UNITED KINGDOM
015 D020434 EC2P 2HD
015 E040434 X
015 A000435 CITIBANK N.A.
015 B000435 S
015 C010435 CARACAS
015 D010435 VENEZUELA
015 D020435 1010
015 E040435 X
015 A000436 AUSTRACLEAR RESERVE BANK
015 B000436 S
015 C010436 SYDNEY
015 D010436 AUSTRALIA
015 E040436 X
015 A000437 CEDEL S.A
015 B000437 S
015 C010437 LUXEMBOURG
015 D010437 LUXEMBOURG
015 E040437 X
015 A000438 FIRST CHICAGO CLEARING CENTRE
015 B000438 S
015 C010438 LONDON
015 D010438 UNITED KINGDOM
015 D020438 EC3A 1AA
015 E040438 X
015 A000439 STANDARD CHARTERED BANK
015 B000439 S
015 C010439 DHAKA
015 D010439 BANGLADESH
015 D020439 1000
015 E040439 X
015 A000440 BANK LEUMI LE-ISRAEL B.M.
015 B000440 S
015 C010440 TEL AVIV
015 D010440 ISRAEL
015 D020440 65136
015 E040440 X
015 A000441 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000441 S
<PAGE> PAGE 40
015 C010441 SHANGHAI
015 D010441 CHINA
015 E040441 X
015 A000442 STANDARD BANK OF SOUTH AFRICA
015 B000442 S
015 C010442 JOHANNESBURG
015 D010442 SOUTH AFRICA
015 D020442 2001
015 E040442 X
015 A000443 BANCO CHASE MANHATTAN S. A.
015 B000443 S
015 C010443 SAO PAULO
015 D010443 BRAZIL
015 D020443 SP04719-002
015 E040443 X
015 A000444 THE FIRST NATIONAL BANK OF BOSTON
015 B000444 S
015 C010444 MONTEVIDEO
015 D010444 URUGUAY
015 E040444 X
"015 A000445 CESKOSLOVENSKA OBCHODNI BANKA, A.S."
015 B000445 S
015 C010445 PRAHA
015 D010445 CZECH REPUBLIC
015 D020445 115 20
015 E040445 X
015 A000446 NATIONAL BANK OF EGYPT
015 B000446 S
015 C010446 CAIRO
015 D010446 EGYPT
015 E040446 X
015 A000447 CITIBANK BUDAPEST RT.
015 B000447 S
015 C010447 BUDAPEST V
015 D010447 HUNGARY
015 D020447 1052
015 E040447 X
015 A000448 HONGKONG AND SHANGHAI BANKING CORP. KTD
015 B000448 S
015 C010448 PORT LOUIS
015 D010448 MAURITIUS
015 E040448 X
015 A000449 BANQUE COMMERCIALE DU MARCO
015 B000449 S
015 C010449 CASABLANCA
015 D010449 MOROCCO
015 D020449 01
015 E040449 X
015 A000450 BARCLAYS BANK OF ZIMBABWE
015 B000450 S
015 C010450 HARARE
<PAGE> PAGE 41
015 D010450 ZIMBABWE
015 E040450 X
024 000400 N
025 A000401 DELETE
025 D000401 0
025 A000402 DELETE
025 D000402 0
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 2213
028 A020400 0
028 A030400 0
028 A040400 703
028 B010400 1608
028 B020400 0
028 B030400 0
028 B040400 596
028 C010400 1219
028 C020400 0
028 C030400 0
028 C040400 1234
028 D010400 921
028 D020400 0
028 D030400 0
028 D040400 573
028 E010400 2894
028 E020400 0
028 E030400 0
028 E040400 750
028 F010400 1314
028 F020400 9664
028 F030400 0
028 F040400 702
028 G010400 10169
028 G020400 9664
028 G030400 0
028 G040400 4558
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.700
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
<PAGE> PAGE 42
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
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 0
048 K020400 0.000
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 Y
053 B000400 Y
053 C000400 N
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 Y
066 E000400 N
066 F000400 N
066 G000400 N
<PAGE> PAGE 43
067 000400 N
068 A000400 N
068 B000400 Y
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 Y
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 Y
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 51079
071 B000400 31621
071 C000400 183556
071 D000400 17
072 A000400 12
072 B000400 497
072 C000400 4658
072 D000400 0
072 E000400 0
072 F000400 1365
072 G000400 217
<PAGE> PAGE 44
072 H000400 0
072 I000400 0
072 J000400 104
072 K000400 0
072 L000400 34
072 M000400 6
072 N000400 87
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 21
072 S000400 7
072 T000400 0
072 U000400 2
072 V000400 0
072 W000400 11
072 X000400 1854
072 Y000400 0
072 Z000400 3301
072AA000400 8472
072BB000400 637
072CC010400 0
072CC020400 14143
072DD010400 3458
072DD020400 0
072EE000400 8354
073 A010400 0.2000
073 A020400 0.0000
073 B000400 0.5000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 7312
074 D000400 2118
074 E000400 4116
074 F000400 178105
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 2239
074 K000400 0
074 L000400 776
074 M000400 5
074 N000400 194671
074 O000400 275
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 337
<PAGE> PAGE 45
074 S000400 0
074 T000400 194059
074 U010400 17740
074 U020400 0
074 V010400 10.94
074 V020400 0.00
074 W000400 0.0000
074 X000400 33
074 Y000400 0
075 A000400 0
075 B000400 195127
076 000400 0.00
"008 A000501 TEMPLETON INVESTMENT COUNSEL, INC."
008 B000501 A
008 C000501 801-15125
008 D010501 FT. LAUDERDALE
008 D020501 FL
008 D030501 33394
008 D040501 3091
"015 A000501 THE CHASE MANHATTAN BANK, N.A."
015 B000501 C
015 C010501 NEW YORK
015 C020501 NY
015 C030501 10081
015 E010501 X
"015 A000502 THE CHASE MANHATTAN BANK, N.A."
015 B000502 S
015 C010502 BUENOS AIRES
015 D010502 ARGENTINA
015 E040502 X
015 A000503 THE CHASE MANHATTAN BANK AUSTRALIA LIMITED
015 B000503 S
015 C010503 SYDNEY
015 D010503 AUSTRALIA
015 E040503 X
015 A000504 CREDITANSTALT-BANKVEREIN
015 B000504 S
015 C010504 VIENNA
015 D010504 AUSTRIA
015 D020504 A-1011
015 E040504 X
015 A000505 GENERALE BANK
015 B000505 S
015 C010505 BRUXELLES
015 D010505 BELGIUM
015 D020505 1000
015 E040505 X
015 A000506 THE ROYAL BANK OF CANADA
015 B000506 S
015 C010506 TORONTO
015 D010506 CANADA
<PAGE> PAGE 46
015 D020506 M5J 2J5
015 E040506 X
015 A000507 CANADA TRUST
015 B000507 S
015 C010507 TORONTO
015 D010507 CANADA
015 D020507 M5J 2T2
015 E040507 X
015 A000508 DEN DANSKE BANK
015 B000508 S
015 C010508 COPENHAGEN
015 D010508 DENMARK
015 E040508 X
015 A000509 KANSALLIS-OSAKE-PANKKI
015 B000509 S
015 C010509 HELSINKI
015 D010509 FINLAND
015 D020509 500
015 E040509 X
015 A000510 BANQUE PARIBAS
015 B000510 S
015 C010510 PARIS
015 D010510 FRANCE
015 D020510 75078
015 E040510 X
015 A000511 CHASE BANK A.G.
015 B000511 S
015 C010511 FRANKFURT
015 D010511 GERMANY
015 D020511 60441
015 E040511 X
015 A000512 BARCLAYS BANK PLC
015 B000512 S
015 C010512 ATHENS
015 D010512 GREECE
015 D020512 10562
015 E040512 X
"015 A000513 THE CHASE MANHATTAN BANK, N.A."
015 B000513 S
015 C010513 HONG KONG
015 D010513 HONG KONG
015 E040513 X
015 A000514 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000514 S
015 C010514 JAKARTA
015 D010514 INDONESIA
015 D020514 10023
015 E040514 X
015 A000515 BANK OF IRELAND
015 B000515 S
015 C010515 DUBLIN
<PAGE> PAGE 47
015 D010515 IRELAND
015 D020515 1
015 E040515 X
"015 A000516 THE CHASE MANHATTAN BANK, N.A."
015 B000516 S
015 C010516 MILAN
015 D010516 ITALY
015 D020516 20121
015 E040516 X
"015 A000517 THE CHASE MANHATTAN BANK, N.A."
015 B000517 S
015 C010517 TOKYO
015 D010517 JAPAN
015 D020517 100
015 E040517 X
"015 A000518 THE CHASE MANHATTAN BANK, N.A."
015 B000518 S
015 C010518 KUALA LUMPUR
015 D010518 MALAYSIA
015 D020518 50250
015 E040518 X
"015 A000519 THE CHASE MANHATTAN BANK, N.A."
015 B000519 S
015 C010519 MEXICO D.F.
015 D010519 MEXICO
015 D020519 06660
015 E040519 X
015 A000520 ABN AMRO N.V.
015 B000520 S
015 C010520 DE BREDA
015 D010520 NETHERLANDS
015 D020520 4800
015 E040520 X
015 A000521 NATIONAL NOMINEES LIMITED
015 B000521 S
015 C010521 AUCKLAND
015 D010521 NEW ZEALAND
015 E040521 X
015 A000522 DEN NORSKE BANK
015 B000522 S
015 C010522 OSOL
015 D010522 NORWAY
015 D020522 1
015 E040522 X
015 A000523 THE HONG KONG & SHANGHAI BANKING CORP. LTD.
015 B000523 S
015 C010523 MANILA
015 D010523 PHILIPPINES
015 E040523 X
015 A000524 BANCO ESPIRITO SANTO & COMMERCIAL DE LISBOA
015 B000524 S
<PAGE> PAGE 48
015 C010524 LISBON
015 D010524 PORTUGAL
015 D020524 1200
015 E040524 X
015 A000525 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000525 S
015 C010525 SHENZHEN
015 D010525 CHINA
015 E040525 X
"015 A000526 THE CHASE MANHATTAN BANK, N.A."
015 B000526 S
015 C010526 SINGAPORE
015 D010526 SINGAPORE
015 D020526 0104
015 E040526 X
015 A000527 THE HONG KONG & SHANGHAI BANKING CORP. LTD.
015 B000527 S
015 C010527 SEOUL
015 D010527 SOUTH KOREA
015 E040527 X
"015 A000528 THE CHASE MANHATTAN BANK, N.A."
015 B000528 S
015 C010528 MADRID
015 D010528 SPAIN
015 D020528 28042
015 E040528 X
015 A000529 THE HONG KONG & SHANGHAI BANKING CORP. LTD.
015 B000529 S
015 C010529 COLOMBO
015 D010529 SRI LANKA
015 D020529 1
015 E040529 X
015 A000530 SKANDINAVISKA ENSKILDA BANKEN
015 B000530 S
015 C010530 STOCKHOLM
015 D010530 SWEDEN
015 D020530 S-106 40
015 E040530 X
015 A000531 UNION BANK OF SWITZERLAND
015 B000531 S
015 C010531 ZURICH
015 D010531 SWITZERLAND
015 D020531 8021
015 E040531 X
"015 A000532 THE CHASE MANHATTAN BANK, N.A."
015 B000532 S
015 C010532 BANGKOK
015 D010532 THAILAND
015 D020532 10500
015 E040532 X
"015 A000533 THE CHASE MANHATTAN BANK, N.A."
<PAGE> PAGE 49
015 B000533 S
015 C010533 ISTANBUL
015 D010533 TURKEY
015 D020533 80700
015 E040533 X
"015 A000534 THE CHASE MANHATTAN BANK, N.A."
015 B000534 S
015 C010534 LONDON
015 D010534 UNITED KINGDOM
015 D020534 EC2P 2HD
015 E040534 X
015 A000535 CITIBANK N.A.
015 B000535 S
015 C010535 CARACAS
015 D010535 VENEZUELA
015 D020535 1010
015 E040535 X
015 A000536 AURSTRACLEAR RESERVE BANK
015 B000536 S
015 C010536 SYDNEY
015 D010536 AUSTRALIA
015 E040536 X
015 A000537 CEDEL S.A
015 B000537 S
015 C010537 LUXEMBOURG
015 D010537 LUXEMBOURG
015 E040537 X
015 A000538 FIRST CHICAGO CLEARING CENTRE
015 B000538 S
015 C010538 LONDON
015 D010538 UNITED KINGDOM
015 D020538 EC3A 1AA
015 E040538 X
015 A000539 THE FIRST NATIONAL BANK OF BOSTON
015 B000539 S
015 C010539 MONTEVIDEO
015 D010539 URUGUAY
015 E040539 X
015 A000540 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000540 S
015 C010540 SHANGHAI
015 D010540 CHINA
015 E040540 X
015 A000541 BANK LEUMI LE-ISREAL B. M.
015 B000541 S
015 C010541 TEL AVIV
015 D010541 ISREAL
015 D020541 65136
015 E040541 X
015 A000542 STANDARD CHARTERED BANK
015 B000542 S
<PAGE> PAGE 50
015 C010542 DHAKA
015 D010542 BANGLADESH
015 D020542 1000
015 E040542 X
015 A000543 BANCO CHASE MANHATTAN S. A.
015 B000543 S
015 C010543 SAO PAULO
015 D010543 BRAZIL
015 D020543 SP04719002
015 E040543 X
"015 A000544 CESKOSLOVENSKA OBCHODNI BANKA, A.S."
015 B000544 S
015 C010544 PRAHA
015 D010544 CZECH REPUBLIC
015 D020544 115 20
015 E040544 X
015 A000545 NATIONAL BANK OF EGYPT
015 B000545 S
015 C010545 CAIRO
015 D010545 EGYPT
015 E040545 X
015 A000546 CITIBANK BUDAPEST RT.
015 B000546 S
015 C010546 BUDAPEST
015 D010546 HUNGARY
015 D020546 1052
015 E040546 X
015 A000547 HONGLONG AND SHANGHAI BANKING CORP. LTD
015 B000547 S
015 C010547 PORT LOUIS
015 D010547 MAURITIUS
015 E040547 X
015 A000548 BANQUE COMMERCIALE DU MAROC
015 B000548 S
015 C010548 CASABLANCA
015 D010548 MOROCCO
015 D020548 01
015 E040548 X
015 A000549 BARCLAYS BANK OF ZIMBABWE
015 B000549 S
015 C010549 HARARE
015 D010549 ZIMBABWE
015 E040549 X
024 000500 N
025 D000501 0
025 D000502 0
025 D000503 0
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
<PAGE> PAGE 51
025 D000508 0
028 A010500 1000
028 A020500 0
028 A030500 0
028 A040500 259
028 B010500 0
028 B020500 0
028 B030500 0
028 B040500 2045
028 C010500 0
028 C020500 0
028 C030500 0
028 C040500 4817
028 D010500 0
028 D020500 0
028 D030500 0
028 D040500 1103
028 E010500 0
028 E020500 0
028 E030500 0
028 E040500 300
028 F010500 500
028 F020500 7635
028 F030500 0
028 F040500 13830
028 G010500 1500
028 G020500 7635
028 G030500 0
028 G040500 22354
028 H000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.700
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
<PAGE> PAGE 52
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 Y
053 B000500 Y
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 0.0
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 Y
066 E000500 N
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 Y
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
<PAGE> PAGE 53
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 Y
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 Y
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 21648
071 B000500 60713
071 C000500 63186
071 D000500 34
072 A000500 12
072 B000500 251
072 C000500 1844
072 D000500 0
072 E000500 0
072 F000500 486
072 G000500 77
072 H000500 0
072 I000500 0
072 J000500 36
072 K000500 0
072 L000500 28
072 M000500 7
072 N000500 47
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 26
072 S000500 8
072 T000500 0
<PAGE> PAGE 54
072 U000500 1
072 V000500 0
072 W000500 7
072 X000500 723
072 Y000500 34
072 Z000500 1406
072AA000500 13201
072BB000500 1268
072CC010500 0
072CC020500 14496
072DD010500 978
072DD020500 0
072EE000500 20207
073 A010500 0.2100
073 A020500 0.0000
073 B000500 3.9300
073 C000500 0.0000
074 A000500 11
074 B000500 0
074 C000500 2070
074 D000500 483
074 E000500 774
074 F000500 34821
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 610
074 K000500 0
074 L000500 940
074 M000500 5
074 N000500 39714
074 O000500 3
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 135
074 S000500 0
074 T000500 39576
074 U010500 4870
074 U020500 0
074 V010500 8.13
074 V020500 0.00
074 W000500 0.0000
074 X000500 30
074 Y000500 0
075 A000500 0
075 B000500 68914
076 000500 0.00
"008 A000601 TEMPLETON INVESTMENT COUNSEL, INC."
<PAGE> PAGE 55
008 B000601 A
008 C000601 801-15125
008 D010601 FT. LAUDERDALE
008 D020601 FL
008 D030601 33394
008 D040601 3091
"015 A000601 THE CHASE MANHATTAN BANK, N.A."
015 B000601 C
015 C010601 NEW YORK
015 C020601 NY
015 C030601 10081
015 E010601 X
"015 A000602 THE CHASE MANHATTAN BANK, N.A."
015 B000602 S
015 C010602 BUENOS AIRES
015 D010602 ARGENTINA
015 E040602 X
015 A000603 THE CHASE MANHATTAN BANK AUSTRALIA LIMITED
015 B000603 S
015 C010603 SYDNEY
015 D010603 AUSTRALIA
015 E040603 X
015 A000604 CREDITANSTALT
015 B000604 S
015 C010604 VIENNA
015 D010604 AUSTRIA
015 E040604 X
015 A000605 STANDARD CHARTERED BANK
015 B000605 S
015 C010605 DHAKA
015 D010605 BANGLADESH
015 D020605 1000
015 E040605 X
015 A000606 GENERALE BANK
015 B000606 S
015 C010606 BRUXELLES
015 D010606 BELGIUM
015 D020606 1000
015 E040606 X
"015 A000607 BANCO CHASE MANHATTAN, S.A."
015 B000607 S
015 C010607 SAO PAULO
015 D010607 BRAZIL
015 E040607 X
015 A000608 THE ROYAL BANK OF CANADA
015 B000608 S
015 C010608 TORONTO
015 D010608 CANADA
015 D020608 M5J2J5
015 E040608 X
015 A000609 CANADA TRUST
<PAGE> PAGE 56
015 B000609 S
015 C010609 TORONTO
015 D010609 CANADA
015 D020609 M5J2T2
015 E040609 X
015 A000610 DEN DANSKE BANK
015 B000610 S
015 C010610 COPENHAGEN
015 D010610 DENMARK
015 E040610 X
015 A000611 KANSALLIS-OSAKE-PANKKI
015 B000611 S
015 C010611 HELSINKI
015 D010611 FINLAND
015 D020611 00500
015 E040611 X
015 A000612 BANQUE PARIBAS
015 B000612 S
015 C010612 PARIS
015 D010612 FRANCE
015 D020612 75078
015 E040612 X
"015 A000613 CHASE BANK, A.G."
015 B000613 S
015 C010613 FRANKFURT
015 D010613 GERMANY
015 D020613 60441
015 E040613 X
015 A000614 BARCLAYS BANK PLC
015 B000614 S
015 C010614 ATHENS
015 D010614 GREECE
015 D020614 10562
015 E040614 X
"015 A000615 THE CHASE MANHATTAN BANK, N.A."
015 B000615 S
015 C010615 HONG KONG
015 D010615 HONG KONG
015 E040615 X
015 A000616 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000616 S
015 C010616 JAKARTA
015 D010616 INDONESIA
015 D020616 10023
015 E040616 X
015 A000617 BANK OF IRELAND
015 B000617 S
015 C010617 DUBLIN
015 D010617 IRELAND
015 D020617 1
015 E040617 X
<PAGE> PAGE 57
015 A000618 BANK LEUMI LE-ISRAEL B.M.
015 B000618 S
015 C010618 TEL AVIV
015 D010618 ISRAEL
015 D020618 65136
015 E040618 X
"015 A000619 THE CHASE MANHATTAN BANK, N.A."
015 B000619 S
015 C010619 MILAN
015 D010619 ITALY
015 D020619 20121
015 E040619 X
"015 A000620 THE CHASE MANHATTAN BANK, N.A."
015 B000620 S
015 C010620 TOKYO
015 D010620 JAPAN
015 D020620 100
015 E040620 X
"015 A000621 THE CHASE MANHATTAN BANK, N.A."
015 B000621 S
015 C010621 KUALA LUMPUR
015 D010621 MALAYSIA
015 D020621 50250
015 E040621 X
015 A000622 THE HONGKONG AND SHANGAI BANKING CORP LTD
015 B000622 S
015 C010622 PORT LOUIS
015 D010622 MAURITIUS
015 E040622 X
"015 A000623 THE CHASE MANHATTAN BANK, N.A."
015 B000623 S
015 C010623 MEXICO D.F.
015 D010623 MEXICO
015 D020623 06660
015 E040623 X
015 A000624 ABN AMRO N.V.
015 B000624 S
015 C010624 DE BREDA
015 D010624 NETHERLANDS
015 D020624 4800
015 E040624 X
015 A000625 NATIONAL NOMINEES LIMITED
015 B000625 S
015 C010625 AUCKLAND
015 D010625 NEW ZEALAND
015 E040625 X
015 A000626 DEN NORSKE BANK
015 B000626 S
015 C010626 OSLO
015 D010626 NORWAY
015 D020626 1
<PAGE> PAGE 58
015 E040626 X
015 A000627 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000627 S
015 C010627 MANILA
015 D010627 PHILIPPINES
015 E040627 X
015 A000628 BANCO ESPIRITO SANTO & COMERCIAL DE LISBOA
015 B000628 S
015 C010628 LISBON
015 D010628 PORTUGAL
015 D020628 1200
015 E040628 X
015 A000629 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000629 S
015 C010629 SHANGHAI
015 D010629 CHINA
015 E040629 X
015 A000630 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000630 S
015 C010630 SHENZEN
015 D010630 CHINA
015 E040630 X
"015 A000631 THE CHASE MANHATTAN BANK, N.A."
015 B000631 S
015 C010631 SINGAPORE
015 D010631 SINGAPORE
015 D020631 0104
015 E040631 X
015 A000632 STANDARD BANK OF AFRICA
015 B000632 S
015 C010632 JOHANNESBURG
015 D010632 SOUTH AFRICA
015 E040632 X
015 A000633 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000633 S
015 C010633 SEOUL
015 D010633 SOUTH KOREA
015 E040633 X
"015 A000634 THE CHASE MANHATTAN BANK,N.A."
015 B000634 S
015 C010634 MADRID
015 D010634 SPAIN
015 D020634 28042
015 E040634 X
015 A000635 THE HONGKONG AND SHANGAHI BANKING CORP. LTD.
015 B000635 S
015 C010635 COLOMBO
015 D010635 SRI LANKA
015 D020635 1
015 E040635 X
015 A000636 SKANDINAVISKA ENSKILDA BANKEN
<PAGE> PAGE 59
015 B000636 S
015 C010636 STOCKHOLM
015 D010636 SWEDEN
015 D020636 S-106 40
015 E040636 X
015 A000637 UNION BANK OF SWITZERLAND
015 B000637 S
015 C010637 ZURICH
015 D010637 SWITZERLAND
015 D020637 8021
015 E040637 X
"015 A000638 THE CHASE MANHATTAN BANK, N.A."
015 B000638 S
015 C010638 BANGKOK
015 D010638 THAILAND
015 D020638 10500
015 E040638 X
"015 A000639 THE CHASE MANHATTAN BANK, N.A."
015 B000639 S
015 C010639 ISTANBUL
015 D010639 TURKEY
015 D020639 80700
015 E040639 X
"015 A000640 THE CHASE MANHATTAN BANK, N.A."
015 B000640 S
015 C010640 LONDON
015 D010640 UNITED KINGDOM
015 D020640 EC2P 2HD
015 E040640 X
015 A000641 THE FIRST NATIONAL BANK OF BOSTON
015 B000641 S
015 C010641 MONTEVIDEO
015 D010641 URUGUAY
015 E040641 X
015 A000642 CITIBANK N.A.
015 B000642 S
015 C010642 CARACAS
015 D010642 VENEZUELA
015 D020642 1010
015 E040642 X
015 A000643 CEDEL S.A.
015 B000643 S
015 C010643 LUXEMBOURG
015 D010643 LUXEMBOURG
015 E040643 X
015 A000644 FIRST CHICAGO CLEARING CENTRE
015 B000644 S
015 C010644 LONDON
015 D010644 UNITED KINGDOM
015 D020644 EC3A 1AA
015 E040644 X
<PAGE> PAGE 60
015 A000645 AUSTRACLEAR RESERVE BANK
015 B000645 S
015 C010645 SYDNEY
015 D010645 AUSTRALIA
015 E040645 X
024 000600 N
025 D000601 0
025 D000602 0
025 D000603 0
025 D000604 0
025 D000605 0
025 D000606 0
025 D000607 0
025 D000608 0
028 A010600 0
028 A020600 0
028 A030600 0
028 A040600 0
028 B010600 0
028 B020600 0
028 B030600 0
028 B040600 0
028 C010600 0
028 C020600 0
028 C030600 0
028 C040600 0
028 D010600 0
028 D020600 0
028 D030600 0
028 D040600 0
028 E010600 0
028 E020600 0
028 E030600 0
028 E040600 0
028 F010600 0
028 F020600 0
028 F030600 0
028 F040600 584
028 G010600 0
028 G020600 0
028 G030600 0
028 G040600 584
028 H000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.700
048 A010600 0
048 A020600 0.000
048 B010600 0
048 B020600 0.000
<PAGE> PAGE 61
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
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 0
048 K020600 0.000
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 Y
053 B000600 Y
053 C000600 N
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
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 0.0
062 Q000600 0.0
062 R000600 0.0
066 A000600 Y
066 B000600 N
066 C000600 N
066 D000600 Y
066 E000600 N
066 F000600 N
066 G000600 N
067 000600 N
<PAGE> PAGE 62
068 A000600 N
068 B000600 Y
069 000600 N
070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 Y
070 M010600 Y
070 M020600 Y
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 0
071 B000600 0
071 C000600 0
071 D000600 0
072 A000600 0
072 B000600 0
072 C000600 0
072 D000600 0
072 E000600 0
072 F000600 0
072 G000600 0
072 H000600 0
<PAGE> PAGE 63
072 I000600 0
072 J000600 0
072 K000600 0
072 L000600 0
072 M000600 0
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 0
072 S000600 0
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 0
072 X000600 0
072 Y000600 0
072 Z000600 0
072AA000600 0
072BB000600 0
072CC010600 0
072CC020600 0
072DD010600 0
072DD020600 0
072EE000600 0
073 A010600 0.0000
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 0
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 0
074 M000600 0
074 N000600 0
074 O000600 0
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 0
074 S000600 0
<PAGE> PAGE 64
074 T000600 0
074 U010600 0
074 U020600 0
074 V010600 0.00
074 V020600 0.00
074 W000600 0.0000
074 X000600 0
074 Y000600 0
075 A000600 0
075 B000600 1057
076 000600 0.00
SIGNATURE JAMES R. BAIO
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TEMPLETON INSTITUTIONAL FUNDS, INC. EMERGING MARKETS SERIES,
DECEMBER 31, 1994 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> EMERGING MARKETS SERIES
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 600004979
<INVESTMENTS-AT-VALUE> 580879916
<RECEIVABLES> 5419685
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 517897
<TOTAL-ASSETS> 586817498
<PAYABLE-FOR-SECURITIES> 1335141
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2604075
<TOTAL-LIABILITIES> 3939216
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 601053671
<SHARES-COMMON-STOCK> 51997882
<SHARES-COMMON-PRIOR> 31950843
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 949674
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (19125063)
<NET-ASSETS> 582878282
<DIVIDEND-INCOME> 10698056
<INTEREST-INCOME> 6321408
<OTHER-INCOME> 0
<EXPENSES-NET> 8539160
<NET-INVESTMENT-INCOME> 8480304
<REALIZED-GAINS-CURRENT> 13497874
<APPREC-INCREASE-CURRENT> (88281405)
<NET-CHANGE-FROM-OPS> (66303227)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8480304)
<DISTRIBUTIONS-OF-GAINS> (16581020)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 21165430
<NUMBER-OF-SHARES-REDEEMED> (2916467)
<SHARES-REINVESTED> 1798076
<NET-CHANGE-IN-ASSETS> 160444879
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 4032820
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6669935
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8838514
<AVERAGE-NET-ASSETS> 533594917
<PER-SHARE-NAV-BEGIN> 13.22
<PER-SHARE-NII> .17
<PER-SHARE-GAIN-APPREC> (1.65)
<PER-SHARE-DIVIDEND> (.17)
<PER-SHARE-DISTRIBUTIONS> (.36)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.21
<EXPENSE-RATIO> 1.60
<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
TEMPLETON INSTITUTIONAL FUNDS, INC. GLOBAL FIXED INCOME SERIES,
DECEMBER 31, 1994 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> GLOBAL FIXED INCOME
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 100418
<INVESTMENTS-AT-VALUE> 99706
<RECEIVABLES> 6366
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 7079
<TOTAL-ASSETS> 113151
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 14804
<TOTAL-LIABILITIES> 14804
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 153093
<SHARES-COMMON-STOCK> 12398
<SHARES-COMMON-PRIOR> 71718
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (54100)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (646)
<NET-ASSETS> 98347
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 29457
<OTHER-INCOME> 0
<EXPENSES-NET> 4450
<NET-INVESTMENT-INCOME> 25007
<REALIZED-GAINS-CURRENT> (52414)
<APPREC-INCREASE-CURRENT> (8575)
<NET-CHANGE-FROM-OPS> (35982)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (16404)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> (949)<F1>
<NUMBER-OF-SHARES-SOLD> 8465
<NUMBER-OF-SHARES-REDEEMED> (69976)
<SHARES-REINVESTED> 2191
<NET-CHANGE-IN-ASSETS> (613696)
<ACCUMULATED-NII-PRIOR> 6379
<ACCUMULATED-GAINS-PRIOR> (16668)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2453
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 54150
<AVERAGE-NET-ASSETS> 445529
<PER-SHARE-NAV-BEGIN> 9.93
<PER-SHARE-NII> 2.74
<PER-SHARE-GAIN-APPREC> (3.04)
<PER-SHARE-DIVIDEND> (1.61)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> (.09)
<PER-SHARE-NAV-END> 7.93
<EXPENSE-RATIO> 1.00<F2>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Distribution Other is from Return of Capital.
<F2>The Expense Ratio per the Templeton Institutional Funds, Global Fixed
Income Annual Report December 31, 1994, without reimbursement equaled 12.15%.
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TEMPLETON INSTITUTIONAL FUNDS, INC. FOREIGN EQUITY SERIES (SOUTH AFRICA
FREE) DECEMBER 31, 1994 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 5
<NAME> SOUTH AFRICA FREE
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 36768259
<INVESTMENTS-AT-VALUE> 38148480
<RECEIVABLES> 1549857
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 15478
<TOTAL-ASSETS> 39713815
<PAYABLE-FOR-SECURITIES> 3305
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 134031
<TOTAL-LIABILITIES> 137336
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36903640
<SHARES-COMMON-STOCK> 4869622
<SHARES-COMMON-PRIOR> 7442346
<ACCUMULATED-NII-CURRENT> 703936
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 588682
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1380221
<NET-ASSETS> 39576479
<DIVIDEND-INCOME> 1843580
<INTEREST-INCOME> 251045
<OTHER-INCOME> 0
<EXPENSES-NET> 689143
<NET-INVESTMENT-INCOME> 1405482
<REALIZED-GAINS-CURRENT> 11933455
<APPREC-INCREASE-CURRENT> (14496288)
<NET-CHANGE-FROM-OPS> (1157351)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (978249)
<DISTRIBUTIONS-OF-GAINS> (20207441)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 436822
<NUMBER-OF-SHARES-REDEEMED> (4657485)
<SHARES-REINVESTED> 1647939
<NET-CHANGE-IN-ASSETS> (53429046)
<ACCUMULATED-NII-PRIOR> 276703
<ACCUMULATED-GAINS-PRIOR> 8862668
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 485980
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 723248
<AVERAGE-NET-ASSETS> 68914386
<PER-SHARE-NAV-BEGIN> 12.50
<PER-SHARE-NII> .32
<PER-SHARE-GAIN-APPREC> (.55)
<PER-SHARE-DIVIDEND> (.21)
<PER-SHARE-DISTRIBUTIONS> (3.93)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.13
<EXPENSE-RATIO> 1.00<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Expense Ratio per the Templeton Institutional Funds, Inc. Foreign
Equity Series (South Africa Free) Annual Report December 31, 1994, without
reimbursement equaled 1.05%.
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TEMPLETON INSTITUTIONAL FUNDS, INC. GROWTH SERIES, DECEMBER 31, 1994
ANNUAL REPORT IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> GROWTH SERIES
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 181961233
<INVESTMENTS-AT-VALUE> 191650258
<RECEIVABLES> 3015561
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 4830
<TOTAL-ASSETS> 194670649
<PAYABLE-FOR-SECURITIES> 275114
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 336656
<TOTAL-LIABILITIES> 611770
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 184632494
<SHARES-COMMON-STOCK> 17740337
<SHARES-COMMON-PRIOR> 15600726
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (262640)
<ACCUM-APPREC-OR-DEPREC> 9689025
<NET-ASSETS> 194058879
<DIVIDEND-INCOME> 4658791
<INTEREST-INCOME> 496649
<OTHER-INCOME> 0
<EXPENSES-NET> 1853701
<NET-INVESTMENT-INCOME> 3301739
<REALIZED-GAINS-CURRENT> 7834966
<APPREC-INCREASE-CURRENT> (14142808)
<NET-CHANGE-FROM-OPS> (3006103)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3458409)
<DISTRIBUTIONS-OF-GAINS> (8353991)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1772408
<NUMBER-OF-SHARES-REDEEMED> (697333)
<SHARES-REINVESTED> 1064536
<NET-CHANGE-IN-ASSETS> 10046372
<ACCUMULATED-NII-PRIOR> 156670
<ACCUMULATED-GAINS-PRIOR> 256385
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1365883
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1853701
<AVERAGE-NET-ASSETS> 195126801
<PER-SHARE-NAV-BEGIN> 11.80
<PER-SHARE-NII> .20
<PER-SHARE-GAIN-APPREC> (.36)
<PER-SHARE-DIVIDEND> (.20)
<PER-SHARE-DISTRIBUTIONS> (.50)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.94
<EXPENSE-RATIO> .95
<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
TEMPLETON INSTITUTIONAL FUNDS, INC. FOREIGN EQUITY SERIES (SOUTH AFRICA
FREE) DECEMBER 31, 1994 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 5
<NAME> SOUTH AFRICA FREE
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 36768259
<INVESTMENTS-AT-VALUE> 38148480
<RECEIVABLES> 1549857
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 15478
<TOTAL-ASSETS> 39713815
<PAYABLE-FOR-SECURITIES> 3305
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 134031
<TOTAL-LIABILITIES> 137336
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36903640
<SHARES-COMMON-STOCK> 4869622
<SHARES-COMMON-PRIOR> 7442346
<ACCUMULATED-NII-CURRENT> 703936
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 588682
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1380221
<NET-ASSETS> 39576479
<DIVIDEND-INCOME> 1843580
<INTEREST-INCOME> 251045
<OTHER-INCOME> 0
<EXPENSES-NET> 689143
<NET-INVESTMENT-INCOME> 1405482
<REALIZED-GAINS-CURRENT> 11933455
<APPREC-INCREASE-CURRENT> (14496288)
<NET-CHANGE-FROM-OPS> (1157351)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (978249)
<DISTRIBUTIONS-OF-GAINS> (20207441)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 436822
<NUMBER-OF-SHARES-REDEEMED> (4657485)
<SHARES-REINVESTED> 1647939
<NET-CHANGE-IN-ASSETS> (53429046)
<ACCUMULATED-NII-PRIOR> 276703
<ACCUMULATED-GAINS-PRIOR> 8862668
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 485980
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 723248
<AVERAGE-NET-ASSETS> 68914386
<PER-SHARE-NAV-BEGIN> 12.50
<PER-SHARE-NII> .32
<PER-SHARE-GAIN-APPREC> (.55)
<PER-SHARE-DIVIDEND> (.21)
<PER-SHARE-DISTRIBUTIONS> (3.93)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.13
<EXPENSE-RATIO> 1.00<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Expense Ratio per the Templeton Institutional Funds, Inc. Foreign
Equity Series (South Africa Free) Annual Report December 31, 1994, without
reimbursement equaled 1.05%.
</TABLE>
Templeton Institutional Funds, Inc.
Templeton Institutional Funds, Inc.- Smaller Companies Series was terminated
and liquidated effective December 29, 1994.
REPORT OF CERTIFIED PUBLIC ACCOUNTANTS
The Board of Directors and Shareholders
Templeton Institutional Funds, Inc.
In planning and performing our audit of the financial statements of Foreign
Equity Series, Foreign Equity (South Africa Free) Series, Growth Series,
Emerging Markets Series and Global Fixed Income Series, each separate series
of Templeton Institutional Funds, Inc. for the year ended December 31, 1994,
we considered its internal control structure, including procedures for safe-
guarding securities, in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial statements and to comply
with the requirements of Form N-SAR, not to provide assurance on the internal
control structure.
The management of Templeton Institutional Funds, Inc. 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 evalua-
tion 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 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 safeguard-
ing securities, that we consider to be material weaknesses as defined above
as of December 31, 1994.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
/s/ MCGLADREY & PULLEN, LLP
McGladrey & Pullen, LLP
New York, New York
February 3, 1995
