<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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015 A000201 THE CHASE MANHATTAN BANK, N.A.
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<PAGE> PAGE 17
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015 D020216 60441
015 E040216 X
015 A000217 BARCLAYS BANK OF GHANA
015 B000217 S
015 C010217 ACCRA
015 D010217 GHANA
015 E040217 X
015 A000218 BARCLAYS BANK PLC
015 B000218 S
015 C010218 ATHENS
015 D010218 GREECE
<PAGE> PAGE 18
015 E040218 X
015 A000219 THE CHASE MANHATTAN BANK, N.A.
015 B000219 S
015 C010219 HONG KONG
015 D010219 HONG KONG
015 E040219 X
015 A000220 CITIBANK BUDAPEST RT.
015 B000220 S
015 C010220 BUDAPEST
015 D010220 HUNGARY
015 D020220 1052
015 E040220 X
015 A000221 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000221 S
015 C010221 JAKARTA
015 D010221 INDONESIA
015 D020221 10023
015 E040221 X
015 A000222 BANK OF IRELAND
015 B000222 S
015 C010222 DUBLIN
015 D010222 IRELAND
015 D020222 1
015 E040222 X
015 A000223 BANK LEUMI LE-ISRAEL B.M.
015 B000223 S
015 C010223 TEL AVIV
015 D010223 ISRAEL
015 D020223 65136
015 E040223 X
015 A000224 THE CHASE MANHATTAN BANK, N.A.
015 B000224 S
015 C010224 MILAN
015 D010224 ITALY
015 D020224 20121
015 E040224 X
015 A000225 THE CHASE MANHATTAN BANK, N.A.
015 B000225 S
015 C010225 TOKYO
015 D010225 JAPAN
015 D020225 100
015 E040225 X
015 A000226 THE CHASE MANHATTAN BANK, N.A.
015 B000226 S
015 C010226 KUALA LUMPUR
015 D010226 MALAYSIA
015 D020226 50250
015 E040226 X
015 A000227 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000227 S
015 C010227 CUREPIPE
<PAGE> PAGE 19
015 D010227 MAURITIUS
015 E040227 X
015 A000228 THE CHASE MANHATTAN BANK, S.A.
015 B000228 S
015 C010228 MEXICO D.F.
015 D010228 MEXICO
015 D020228 11000
015 E040228 X
015 A000229 BANCO NACIONAL DE MEXICO
015 B000229 S
015 C010229 MEXICO D.F.
015 D010229 MEXICO
015 D020229 06040
015 E040229 X
015 A000230 BANQUE COMMERCIALE DU MAROC
015 B000230 S
015 C010230 CASABLANCA
015 D010230 MOROCCO
015 D020230 20000
015 E040230 X
015 A000231 ABN AMRO N.V.
015 B000231 S
015 C010231 DE BREDA
015 D010231 NETHERLANDS
015 D020231 4800
015 E040231 X
015 A000232 NATIONAL NOMINEES LIMITED
015 B000232 S
015 C010232 AUCKLAND
015 D010232 NEW ZEALAND
015 E040232 X
015 A000233 DEN NORSKE BANK
015 B000233 S
015 C010233 OSLO
015 D010233 NORWAY
015 D020233 1
015 E040233 X
015 A000234 CITIBANK N.A.
015 B000234 S
015 C010234 KARACHI
015 D010234 PAKISTAN
015 E040234 X
015 A000235 DEUTSCHE BANK
015 B000235 S
015 C010235 KARACHI
015 D010235 PAKISTAN
015 E040235 X
015 A000236 CITIBANK, N.A.
015 B000236 S
015 C010236 LIMA
015 D010236 PERU
<PAGE> PAGE 20
015 D020236 27
015 E040236 X
015 A000237 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000237 S
015 C010237 MANILA
015 D010237 PHILIPPINES
015 E040237 X
015 A000238 BANK POLSKA KASA OPIEKI S.A.
015 B000238 S
015 C010238 WARSAW
015 D010238 POLAND
015 D020238 02-675
015 E040238 X
015 A000239 BANK HANDLOWY W. WARSAWIE, S.A.
015 B000239 S
015 C010239 WARSAW
015 D010239 POLAND
015 D020239 00-0920
015 E040239 X
015 A000240 BANCO ESPIRITO SANTO & COMERCIAL DE LISBOA
015 B000240 S
015 C010240 LISBON
015 D010240 PORTUGAL
015 D020240 1200
015 E040240 X
015 A000241 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000241 S
015 C010241 SHANGHAI
015 D010241 CHINA
015 D020241 1376
015 E040241 X
015 A000242 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000242 S
015 C010242 SHENZHEN
015 D010242 CHINA
015 E040242 X
015 A000243 THE CHASE MANHATTAN BANK, N.A.
015 B000243 S
015 C010243 SINGAPORE
015 D010243 SINGAPORE
015 D020243 0104
015 E040243 X
015 A000244 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000244 S
015 C010244 BRATISLAVA
015 D010244 SLOVAK REPUBLIC
015 D020244 815 63
015 E040244 X
015 A000245 STANDARD BANK OF SOUTH AFRICA
015 B000245 S
015 C010245 JOHANNESBURG
<PAGE> PAGE 21
015 D010245 SOUTH AFRICA
015 D020245 2001
015 E040245 X
015 A000246 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000246 S
015 C010246 SEOUL
015 D010246 SOUTH KOREA
015 E040246 X
015 A000247 THE CHASE MANHATTAN BANK, N.A.
015 B000247 S
015 C010247 MADRID
015 D010247 SPAIN
015 D020247 28042
015 E040247 X
015 A000248 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000248 S
015 C010248 COLOMBO
015 D010248 SRI LANKA
015 D020248 1
015 E040248 X
015 A000249 SKANDINAVISKA ENSKILDA BANKEN
015 B000249 S
015 C010249 STOCKHOLM
015 D010249 SWEDEN
015 D020249 S-106 40
015 E040249 X
015 A000250 UNION BANK OF SWITZERLAND
015 B000250 S
015 C010250 ZURICH
015 D010250 SWITZERLAND
015 D020250 8021
015 E040250 X
015 A000251 THE CHASE MANHATTAN BANK, N.A.
015 B000251 S
015 C010251 BANGKOK
015 D010251 THAILAND
015 D020251 10500
015 E040251 X
015 A000252 THE CHASE MANHATTAN BANK, N.A.
015 B000252 S
015 C010252 ISTANBUL
015 D010252 TURKEY
015 D020252 80700
015 E040252 X
015 A000253 THE CHASE MANHATTAN BANK, N.A.
015 B000253 S
015 C010253 LONDON
015 D010253 UNITED KINGDOM
015 D020253 EC2P 2HD
015 E040253 X
015 A000254 THE FIRST NATIONAL BANK OF BOSTON
<PAGE> PAGE 22
015 B000254 S
015 C010254 MONTEVIDEO
015 D010254 URUGUAY
015 D020254 1463
015 E040254 X
015 A000255 CITIBANK, N.A.
015 B000255 S
015 C010255 CARACAS
015 D010255 VENEZUELA
015 D020255 1010
015 E040255 X
015 A000256 BARCLAYS BANK OF ZAMBIA
015 B000256 S
015 C010256 LUSAKA
015 D010256 ZAMBIA
015 E040256 X
015 A000257 BARCLAYS BANK OF ZIMBABWE
015 B000257 S
015 C010257 HARARE
015 D010257 ZIMBABWE
015 E040257 X
015 A000258 AUSTRACLEAR RESERVE BANK
015 B000258 S
015 C010258 SYDNEY
015 D010258 AUSTRALIA
015 E040258 X
015 A000259 CEDEL S.A.
015 B000259 S
015 C010259 LUXEMBOURG
015 D010259 LUXEMBOURG
015 E040259 X
015 A000260 FIRST CHICAGO CLEARING CENTRE
015 B000260 S
015 C010260 LONDON
015 D010260 UNITED KINGDOM
015 D020260 EC3A 1AA
015 E040260 X
024 000200 N
025 D000201 0
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 29884
028 A020200 0
028 A030200 0
028 A040200 1008
028 B010200 6930
<PAGE> PAGE 23
028 B020200 0
028 B030200 0
028 B040200 1143
028 C010200 14449
028 C020200 0
028 C030200 0
028 C040200 1995
028 D010200 12374
028 D020200 0
028 D030200 0
028 D040200 588
028 E010200 17972
028 E020200 0
028 E030200 0
028 E040200 1971
028 F010200 51106
028 F020200 19170
028 F030200 0
028 F040200 3958
028 G010200 132715
028 G020200 19170
028 G030200 0
028 G040200 10663
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 1.250
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
049 000200 N
<PAGE> PAGE 24
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 Y
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 Y
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
<PAGE> PAGE 25
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 Y
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 320568
071 B000200 72003
071 C000200 534698
071 D000200 13
072 A000200 12
072 B000200 8285
072 C000200 15649
072 D000200 0
072 E000200 0
072 F000200 8488
072 G000200 681
072 H000200 0
072 I000200 9
072 J000200 975
072 K000200 3
072 L000200 38
072 M000200 24
072 N000200 60
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 39
072 S000200 8
072 T000200 0
072 U000200 1
072 V000200 0
072 W000200 15
072 X000200 10341
072 Y000200 0
072 Z000200 13593
072AA000200 19313
<PAGE> PAGE 26
072BB000200 9932
072CC010200 0
072CC020200 29368
072DD010200 12455
072DD020200 0
072EE000200 9648
073 A010200 0.1750
073 A020200 0.0000
073 B000200 0.1400
073 C000200 0.0000
074 A000200 345
074 B000200 0
074 C000200 152370
074 D000200 4193
074 E000200 58423
074 F000200 593153
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 225
074 K000200 0
074 L000200 12474
074 M000200 8
074 N000200 821191
074 O000200 20994
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 1682
074 S000200 0
074 T000200 798515
074 U010200 74262
074 U020200 0
074 V010200 10.75
074 V020200 0.00
074 W000200 0.0000
074 X000200 507
074 Y000200 0
075 A000200 0
075 B000200 679255
076 000200 0.00
008 A000301 TEMPLETON INVESTMENT COUNSEL, INC
008 B000301 A
008 C000301 801-15125
008 D010301 FT. LAUDERDALE
008 D020301 FL
008 D030301 33394
008 D040301 3091
015 A000301 THE CHASE MANHATTAN BANK
<PAGE> PAGE 27
015 B000301 C
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 D020302 1061
015 E040302 X
015 A000303 THE CHASE MANHATTAN BANK AUSTRALIA LTD
015 B000303 S
015 C010303 SYDNEY
015 D010303 AUSTRALIA
015 D020303 2000
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
015 D010309 FINLAND
015 D020309 500
<PAGE> PAGE 28
015 E040309 X
015 A000310 BANQUE PARIBAS
015 B000310 S
015 C010310 PARIS
015 D010310 FRANCE
015 D020310 75078
015 E040310 X
015 A000311 CHASE BANK A.G.
015 B000311 S
015 C010311 FRANKFURT
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.
015 B000318 S
015 C010318 KUALA LUMPUR
<PAGE> PAGE 29
015 D010318 MALAYSIA
015 D020318 50250
015 E040318 X
015 A000319 BANCO NACIONAL DE MEXICO
015 B000319 S
015 C010319 MEXICO D.F.
015 D010319 MEXICO
015 D020319 06040
015 E040319 X
015 A000320 ABN AMRO NV
015 B000320 S
015 C010320 DE BREDA
015 D010320 NETHERLANDS
015 D020320 4800
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 HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000323 S
015 C010323 MANILA
015 D010323 PHILIPPINES
015 E040323 X
015 A000324 BANCO ESPIRITO SANTO & COMERCIAL DE LISBOA
015 B000324 S
015 C010324 LISBON
015 D010324 PORTUGAL
015 D020324 1200
015 E040324 X
015 A000325 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000325 S
015 C010325 SHENZHEN
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
015 E040326 X
015 A000327 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000327 S
015 C010327 SEOUL
<PAGE> PAGE 30
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 HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000329 S
015 C010329 COLOMBO
015 D010329 SRI LANKA
015 D020329 1
015 E040329 X
015 A000330 SKANDINAISKA ENSKILDA BANKEN
015 B000330 S
015 C010330 STOCKHOLM
015 D010330 SWEDEN
015 D020330 S-106 40
015 E040330 X
015 A000331 UNION BANK OF SWITZERLAND
015 B000331 S
015 C010331 ZURICH
015 D010331 SWITZERLAND
015 D020331 8021
015 E040331 X
015 A000332 THE CHASE MANHATTAN BANK, N.A.
015 B000332 S
015 C010332 BANGKOK
015 D010332 THAILAND
015 D020332 10500
015 E040332 X
015 A000333 THE CHASE MANHATTAN BANK, N.A.
015 B000333 S
015 C010333 ISTANBUL
015 D010333 TURKEY
015 E040333 X
015 A000334 THE CHASE MANHATTAN BANK, N.A.
015 B000334 S
015 C010334 LONDON
015 D010334 UNITED KINGDOM
015 D020334 EC2P 2HD
015 E040334 X
015 A000335 CITIBANK N.A.
015 B000335 S
015 C010335 CARACUS
015 D010335 VENEZUELA
015 D020335 1010
015 E040335 X
015 A000336 AUSTRACLEAR RESERVE BANK
015 B000336 S
<PAGE> PAGE 31
015 C010336 SYDNEY
015 D010336 AUSTRALIA
015 E040336 X
015 A000337 CEDEL S.A.
015 B000337 S
015 C010337 LUXEMBOURG
015 D010337 LUXEMBOURG
015 E040337 X
015 A000338 FIRST CHICAGO CLEARING CENTRE
015 B000338 S
015 C010338 LONDON
015 D010338 UNITED KINGDOM
015 D020338 EC3A 1AA
015 E040338 X
015 A000339 STANDARD CHARTERED BANK
015 B000339 S
015 C010339 DHAKA
015 D010339 BANGLADESH
015 D020339 1000
015 E040339 X
015 A000340 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000340 S
015 C010340 SHANGHAI
015 D010340 CHINA
015 E040340 X
015 A000341 BANK LEUMI LE-ISRAEL B.M.
015 B000341 S
015 C010341 TEL AVIV
015 D010341 ISRAEL
015 D020341 65136
015 E040341 X
015 A000342 STANDARD BANK OF SOUTH AFRICA
015 B000342 S
015 C010342 JOHANNESBURG
015 D010342 SOUTH AFRICA
015 D020342 2001
015 E040342 X
015 A000343 THE FIRST NATIONAL BANK OF BOSTON
015 B000343 S
015 C010343 MONTEVIDEO
015 D010343 URUGUAY
015 E040343 X
015 A000344 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000344 S
015 C010344 PRAHA
015 D010344 CZECH REPUBLIC
015 E040344 X
015 A000345 NATIONAL BANK OF EGYPT
015 B000345 S
015 C010345 CAIRO
015 D010345 EGYPT
<PAGE> PAGE 32
015 E040345 X
015 A000346 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000346 S
015 C010346 PORT LOUIS
015 D010346 MAURITIUS
015 E040346 X
015 A000347 BANQUE COMMERCIALE DU MAROC
015 B000347 S
015 C010347 CASABLANCA
015 D010347 MOROCCO
015 D020347 20000
015 E040347 X
015 A000348 BARCLAYS BANK OF GHANA LTD
015 B000348 S
015 C010348 ACCRA
015 D010348 GHANA
015 E040348 X
015 A000349 CITIBANK BUDAPEST RT
015 B000349 S
015 C010349 BUDAPEST
015 D010349 HUNGARY
015 D020349 1052
015 E040349 X
015 A000350 CITIBANK, N.A.
015 B000350 S
015 C010350 LIMA
015 D010350 PERU
015 D020350 27
015 E040350 X
015 A000351 BANK HANDLOWY W. WARSAWIE, S.A.
015 B000351 S
015 C010351 WARSAW
015 D010351 POLAND
015 D020351 02-675
015 E040351 X
015 A000352 CESKOSLOVENSKA OBCHODNI BANKA S.A.
015 B000352 S
015 C010352 BRATISLAVA
015 D010352 SLOVAK REPUBLIC
015 D020352 815 63
015 E040352 X
015 A000353 BARCLAYS BANK OF ZIMBABWE
015 B000353 S
015 C010353 HARARE
015 D010353 ZIMBABWE
015 E040353 X
015 A000354 BARCLAYS BANK OF ZAMBIA
015 B000354 S
015 C010354 LUSAKA
015 D010354 ZAMBIA
015 E040354 X
<PAGE> PAGE 33
024 000300 N
028 A010300 0
028 A020300 0
028 A030300 0
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028 F040300 0
028 G010300 0
028 G020300 4
028 G030300 0
028 G040300 0
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.550
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048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
<PAGE> PAGE 34
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 Y
053 B000300 Y
053 C000300 N
062 A000300 Y
062 B000300 68.7
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 31.3
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 27
063 B000300 0.0
064 A000300 N
064 B000300 N
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
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<PAGE> PAGE 35
070 G010300 Y
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070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 N
070 M010300 Y
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<PAGE> PAGE 36
072 X000300 42
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008 A000401 TEMPLETON INVESTMENT COUNSEL, INC
008 B000401 A
008 C000401 801-15125
008 D010401 FT. LAUDERDALE
<PAGE> PAGE 37
008 D020401 FL
008 D030401 33394
008 D040401 3091
015 A000401 THE CHASE MANHATTAN BANK N.A.
015 B000401 S
015 C010401 BUENOS AIRES
015 D010401 ARGENTINA
015 D020401 1061
015 E040401 X
015 A000402 THE CHASE MANHATTAN BANK
015 B000402 S
015 C010402 SYDNEY
015 D010402 AUSTRALIA
015 D020402 2000
015 E040402 X
015 A000403 CREDITANSTALT-BANKVERCIN
015 B000403 S
015 C010403 VIENNA
015 D010403 AUSTRIA
015 D020403 A-1011
015 E040403 X
015 A000404 STANDARD CHARTERED BANK
015 B000404 S
015 C010404 DHAKA
015 D010404 BANGLADESH
015 D020404 1000
015 E040404 X
015 A000405 GENERALE BANK
015 B000405 S
015 C010405 BRUXELLES
015 D010405 BELGIUM
015 D020405 1000
015 E040405 X
015 A000406 BANCO CHASE MANHATTAN, S.A.
015 B000406 S
015 C010406 SAO PAULO
015 D010406 BRAZIL
015 D020406 SP 04719-002
015 E040406 X
015 A000407 THE ROYAL BANK OF CANADA
015 B000407 S
015 C010407 TORONTO
015 D010407 CANADA
015 D020407 M5J 2J5
015 E040407 X
015 A000408 CANADA TRUST
015 B000408 S
015 C010408 TORONTO
015 D010408 CANADA
015 D020408 M5J 2T2
015 E040408 X
<PAGE> PAGE 38
015 A000409 CESKOSLOVENSKA OBCHODNI BANKA, S.A.
015 B000409 S
015 C010409 PRAHA
015 D010409 CZECH REPUBLIC
015 D020409 115 20
015 E040409 X
015 A000410 DEN DANSKE BANK
015 B000410 S
015 C010410 COPENHAGEN
015 D010410 DENMARK
015 E040410 X
015 A000411 NATIONAL BANK OF EGYPT
015 B000411 S
015 C010411 CAIRO
015 D010411 EGYPT
015 E040411 X
015 A000412 MERITA BANK KOP
015 B000412 S
015 C010412 HELSINKI
015 D010412 FINLAND
015 D020412 00500
015 E040412 X
015 A000413 BANQUE PARIBAS
015 B000413 S
015 C010413 PARIS
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015 E040413 X
015 A000414 CHASE BANK A.G.
015 B000414 S
015 C010414 FRANKFURT
015 D010414 GERMANY
015 D020414 60441
015 E040414 X
015 A000415 BARCLAYS BANK OF GHANA
015 B000415 S
015 C010415 ACCRA
015 D010415 GHANA
015 E040415 X
015 A000416 BARCLAYS BANK PLC
015 B000416 S
015 C010416 ATHENS
015 D010416 GREECE
015 D020416 10562
015 E040416 X
015 A000417 THE CHASE MANHATTAN BANK N.A.
015 B000417 S
015 C010417 CENTRAL
015 D010417 HONG KONG
015 E040417 X
015 A000418 CITIBANK BUDAPEST RT.
<PAGE> PAGE 39
015 B000418 S
015 C010418 BUDAPEST
015 D010418 HUNGARY
015 D020418 1052
015 E040418 X
015 A000419 THE HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B000419 S
015 C010419 JAKARTA
015 D010419 INDONESIA
015 D020419 10023
015 E040419 X
015 A000420 BANK OF IRELAND
015 B000420 S
015 C010420 DUBLIN
015 D010420 IRELAND
015 D020420 1
015 E040420 X
015 A000421 BANK LEUMI LE-ISRAEL B.M.
015 B000421 S
015 C010421 TEL AVIV
015 D010421 ISRAEL
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015 E040421 X
015 A000422 THE CHASE MANHATTAN BANK N.A.
015 B000422 S
015 C010422 MILAN
015 D010422 ITALY
015 D020422 20121
015 E040422 X
015 A000423 THE CHASE MANHATTAN BANK N.A.
015 B000423 S
015 C010423 TOKYO
015 D010423 JAPAN
015 D020423 100
015 E040423 X
015 A000424 THE CHASE MANHATTAN BANK N.A.
015 B000424 S
015 C010424 KUALA LUMPUR
015 D010424 MALAYSIA
015 D020424 50250
015 E040424 X
015 A000425 HONGKONG & SHANGHAI BANKING CORPORATION LTD
015 B000425 S
015 C010425 CUREPIPE
015 D010425 MAURITIUS
015 E040425 X
015 A000426 THE CHASE MANHATTAN BANK N.A.
015 B000426 S
015 C010426 MEXICO CITY
015 D010426 MEXICO
015 D020426 11000
<PAGE> PAGE 40
015 E040426 X
015 A000427 BANQUE COMMERCIALE DU MAROC
015 B000427 S
015 C010427 CASABLANCA
015 D010427 MOROCCO
015 D020427 20000
015 E040427 X
015 A000428 ABN AMRO N.V.
015 B000428 S
015 C010428 DE BREDA
015 D010428 NETHERLANDS
015 D020428 4800
015 E040428 X
015 A000429 NATIONAL NOMINEES LIMITED
015 B000429 S
015 C010429 AUCKLAND
015 D010429 NEW ZEALAND
015 E040429 X
015 A000430 DEN NORSKE BANK
015 B000430 S
015 C010430 OSLO
015 D010430 NORWAY
015 D020430 1
015 E040430 X
015 A000431 CITIBANK N.A.
015 B000431 S
015 C010431 LIMA
015 D010431 PERU
015 D020431 27
015 E040431 X
015 A000432 THE HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B000432 S
015 C010432 MANILA
015 D010432 PHILIPPINES
015 E040432 X
015 A000433 BANK POLSKA KASA OPIEKI S.A.
015 B000433 S
015 C010433 WARSAW
015 D010433 POLAND
015 D020433 02-675
015 E040433 X
015 A000434 BANCO ESPIRITO SANTO & COMMERCIAL DE LISBOA
015 B000434 S
015 C010434 LISBON
015 D010434 PORTUGAL
015 D020434 1200
015 E040434 X
015 A000435 THE HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B000435 S
015 C010435 SHANGHAI
015 D010435 CHINA
<PAGE> PAGE 41
015 E040435 X
015 A000436 THE HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B000436 S
015 C010436 SHENZHEN
015 D010436 CHINA
015 E040436 X
015 A000437 THE CHASE MANHATTAN BANK, N.A.
015 B000437 S
015 C010437 SINGAPORE
015 D010437 SINGAPORE
015 D020437 0104
015 E040437 X
015 A000438 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B000438 S
015 C010438 BRATISLAVA
015 D010438 SLOVAK REPUBLIC
015 D020438 815 63
015 E040438 X
015 A000439 STANDARD BANK OF SOUTH AFRICA
015 B000439 S
015 C010439 JOHANNESBURG
015 D010439 SOUTH AFRICA
015 D020439 2001
015 E040439 X
015 A000440 THE HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B000440 S
015 C010440 SEOUL
015 D010440 SOUTH KOREA
015 E040440 X
015 A000441 THE CHASE MANHATTAN BANK, N.A.
015 B000441 S
015 C010441 MADRID
015 D010441 SPAIN
015 D020441 28042
015 E040441 X
015 A000442 THE HONGKONG & SHANGHAI BANKING CORP. LTD.
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015 C010442 COLOMBO
015 D010442 SRI LANKA
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<PAGE> PAGE 42
015 D020444 8021
015 E040444 X
015 A000445 THE CHASE MANHATTAN BANK N.A.
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015 A000446 THE CHASE MANHATTAN BANK, N.A.
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015 A000447 THE CHASE MANHATTAN BANK, N.A.
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015 D010447 UNITED KINGDOM
015 D020447 EC2P 2HD
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015 A000448 THE CHASE MANHATTAN BANK N.A.
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015 C030448 10081
015 D010448 UNITED STATES
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015 A000449 THE FIRST NATIONAL BANK OF BOSTON
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015 C010449 MONTEVIDEO
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015 A000450 CITIBANK N.A.
015 B000450 S
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015 D010450 VENEZUELA
015 D020450 1010
015 E040450 X
015 A000451 BARCLAYS BANK OF ZAMBIA
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015 C010451 LUSAKA
015 D010451 ZAMBIA
015 E040451 X
015 A000452 BARCLAYS BANK OF ZIMBABWE
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015 C010452 HARARE
015 D010452 ZIMBABWE
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015 D010453 LUXEMBOURG
<PAGE> PAGE 43
015 E040453 X
015 A000454 FIRST CHICAGO CLEARING CENTRE
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015 C010454 LONDON
015 D010454 UNITED KINGDOM
015 D020454 EC3A 1AA
015 E040454 X
015 A000455 RESERVE BANK
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015 C010455 SYDNEY
015 D010455 AUSTRALIA
015 E040455 X
015 A000456 BANCO NACIONAL DE MEXICO
015 B000456 S
015 C010456 MEXICO D.F.
015 D010456 MEXICO
015 E040456 X
015 A000457 BANK HANDLOWY W WARSAWIE, SA
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015 C010457 WARSAW
015 D010457 POLAND
015 D020457 00-920
015 E040457 X
024 000400 N
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<PAGE> PAGE 44
028 G040400 3738
028 H000400 0
045 000400 Y
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048 I020400 0.000
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048 K010400 0
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051 000400 N
052 000400 N
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053 C000400 N
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<PAGE> PAGE 45
062 Q000400 0.0
062 R000400 0.0
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 Y
066 E000400 N
066 F000400 N
066 G000400 N
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 63188
071 B000400 59562
<PAGE> PAGE 46
071 C000400 197213
071 D000400 30
072 A000400 12
072 B000400 1019
072 C000400 5622
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072 K000400 21
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072 S000400 4
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072 X000400 1856
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072AA000400 15518
072BB000400 2479
072CC010400 15928
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<PAGE> PAGE 47
074 M000400 3
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008 A000501 TEMPLETON INVESTMENT COUNSEL, INC.
008 B000501 A
008 C000501 801-15125
008 D010501 FORT LAUDERDALE
008 D020501 FL
008 D030501 33394
008 D040501 3091
015 A000501 THE CHASE MANHATTAN BANK,N.A.
015 B000501 S
015 C010501 BUENOS AIRES
015 D010501 ARGENTINA
015 D020501 1061
015 E040501 X
015 A000502 THE CHASE MANHATTAN BANK
015 B000502 S
015 C010502 NEW SOUTH WALES
015 D010502 AUSTRALIA
015 D020502 2000
015 E040502 X
015 A000503 CREDITANSTALT-BANKVEREIN
015 B000503 S
015 C010503 VIENNA
015 D010503 AUSTRIA
015 D020503 A-1011
015 E040503 X
015 A000504 STANDARD CHARTERED BANK
015 B000504 S
015 C010504 DHAKA
015 D010504 BANGLADESH
015 D020504 1000
<PAGE> PAGE 48
015 E040504 X
015 A000505 GENERALE BANK
015 B000505 S
015 C010505 BRUXELLES
015 D010505 BELGIUM
015 D020505 1000
015 E040505 X
015 A000506 BANCO CHASE MANHATTAN,S.A.
015 B000506 S
015 C010506 SAO PAULO
015 D010506 BRAZIL
015 D020506 SP 04719-002
015 E040506 X
015 A000507 THE ROYAL BANK OF CANADA
015 B000507 S
015 C010507 TORONTO
015 D010507 CANADA
015 D020507 M5J 2J5
015 E040507 X
015 A000508 CANADA TRUST
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015 C010508 TORONTO
015 D010508 CANADA
015 D020508 M5J 2T2
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015 A000509 CESKOSLOVENSKA OBCHODNI BANKA,A.S.
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015 C010509 PRAHA
015 D010509 CZECH REPUBLIC
015 D020509 115 20
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015 A000510 DEN DANSKE BANK
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015 C010510 COPENHAGEN
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015 E040510 X
015 A000511 NATIONAL BANK OF EGYPT
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015 C010511 CAIRO
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015 A000512 MERITA BANK KOP
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015 C010512 HELSINKI
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015 D020512 00500
015 E040512 X
015 A000513 BANQUE PARIBAS
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<PAGE> PAGE 49
015 D020513 75078
015 E040513 X
015 A000514 CHASE BANK A.G.
015 B000514 S
015 C010514 FRANKFURT
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015 D020514 60441
015 E040514 X
015 A000515 BARCLAYS BANK OF GHANA
015 B000515 S
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015 A000516 BARCLAYS BANK PLC
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015 C010516 ATHENS
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015 D020516 10562
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015 A000517 THE CHASE MANHATTAN BANK, N.A.
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015 B000518 S
015 C010518 BUDAPEST
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015 D020518 1052
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015 A000519 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
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015 A000520 BANK OF IRELAND
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015 C010520 DUBLIN
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015 A000522 THE CHASE MANHATTAN BANK, N.A.
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<PAGE> PAGE 50
015 D020522 20121
015 E040522 X
015 A000523 THE CHASE MANHATTAN BANK, N.A.
015 B000523 S
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015 D010523 JAPAN
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015 E040523 X
015 A000524 THE CHASE MANHATTAN BANK, N.A.
015 B000524 S
015 C010524 KUALA LUMPUR
015 D010524 MALAYSIA
015 D020524 50250
015 E040524 X
015 A000525 HONGKONG AND SHANGHAI BANKING CORP. LTD.
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015 C010525 CUREPIPE
015 D010525 MAURITIUS
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015 A000526 THE CHASE MANHATTAN BANK, S.A.
015 B000526 S
015 C010526 MEXICO D.F.
015 D010526 MEXICO
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015 A000527 BANQUE COMMERCIALE DU MAROC
015 B000527 S
015 C010527 CASABLANCA
015 D010527 MOROCCO
015 D020527 20000
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015 A000528 ABN AMRO N.V.
015 B000528 S
015 C010528 DE BREDA
015 D010528 NETHERLANDS
015 D020528 4800
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015 A000529 NATIONAL NOMINEES LIMITED
015 B000529 S
015 C010529 AUCKLAND
015 D010529 NEW ZEALAND
015 E040529 X
015 A000530 DEN NORSKE BANK
015 B000530 S
015 C010530 OSLO
015 D010530 NORWAY
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015 A000531 CITIBANK, N.A.
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015 C010531 LIMA
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<PAGE> PAGE 51
015 D020531 27
015 E040531 X
015 A000532 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000532 S
015 C010532 MANILA
015 D010532 PHILIPPINES
015 E040532 X
015 A000533 BANK POLSKA KASA OPIEKI S.A.
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015 C010533 WARSAW
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015 D020533 02-675
015 E040533 X
015 A000534 BANK HANDLOWY W. WARSAWLE,S.A.
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015 D010534 POLAND
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015 A000535 BANCO ESPIRITO SANTO & COMERCIAL DE LISBOA
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015 D020535 1200
015 E040535 X
015 A000536 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000536 S
015 C010536 SHANGHAI
015 D010536 CHINA
015 D020536 1376
015 E040536 X
015 A000537 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000537 S
015 C010537 SHENZHEN
015 D010537 CHINA
015 E040537 X
015 A000538 THE CHASE MANHATTAN BANK, N.A.
015 B000538 S
015 C010538 SINGAPORE
015 D010538 SINGAPORE
015 D020538 0104
015 E040538 X
015 A000539 CESKOSLOVENSKA OBCHODNI BANKA,A.S.
015 B000539 S
015 C010539 BRATISLAVA
015 D010539 SLOVAK REPUBLIC
015 D020539 815 63
015 E040539 X
015 A000540 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000540 S
015 C010540 SEOUL
<PAGE> PAGE 52
015 D010540 SOUTH KOREA
015 E040540 X
015 A000541 THE CHASE MANHATTAN BANK, N.A.
015 B000541 S
015 C010541 MADRID
015 D010541 SPAIN
015 D020541 28042
015 E040541 X
015 A000542 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000542 S
015 C010542 COLOMBO
015 D010542 SRI LANKA
015 E040542 X
015 A000543 SKANDINAVISKA ENSKILDA BANKEN
015 B000543 S
015 C010543 STOCKHOLM
015 D010543 SWEDEN
015 D020543 S-106 40
015 E040543 X
015 A000544 UNION BANK OF SWITZERLAND
015 B000544 S
015 C010544 ZURICH
015 D010544 SWITZERLAND
015 D020544 8021
015 E040544 X
015 A000545 THE CHASE MANHATTAN BANK, N.A.
015 B000545 S
015 C010545 BANGKOK
015 D010545 THAILAND
015 D020545 10500
015 E040545 X
015 A000546 THE CHASE MANHATTAN BANK, N.A.
015 B000546 S
015 C010546 ISTANBUL
015 D010546 TURKEY
015 D020546 80700
015 E040546 X
015 A000547 THE CHASE MANHATTAN BANK, N.A.
015 B000547 S
015 C010547 LONDON
015 D010547 UNITED KINGDOM
015 D020547 EC2P 2HD
015 E040547 X
015 A000548 THE CHASE MANHATTAN BANK, N.A.
015 B000548 C
015 C010548 NEW YORK
015 C020548 NY
015 C030548 10081
015 E010548 X
015 A000549 THE FIRST NATIONAL BANK OF BOSTON
015 B000549 S
<PAGE> PAGE 53
015 C010549 MONTEVIDEO
015 D010549 URUGUAY
015 E040549 X
015 A000550 CITIBANK N.A.
015 B000550 S
015 C010550 CARACAS
015 D010550 VENEZUELA
015 D020550 1010
015 E040550 X
015 A000551 BARCLAYS BANK OF ZAMBIA
015 B000551 S
015 C010551 LUSAKA
015 D010551 ZAMBIA
015 E040551 X
015 A000552 BARCLAYS BANK OF ZIMBABWE
015 B000552 S
015 C010552 HARARE
015 D010552 ZIMBABWE
015 E040552 X
015 A000553 CEDEL S.A.
015 B000553 S
015 C010553 LUXEMBOURG
015 D010553 LUXEMBOURG
015 E040553 X
015 A000554 FIRST CHICAGO CLEARING CENTER
015 B000554 S
015 C010554 LONDON
015 D010554 UNITED KINGDOM
015 D020554 EC3A 1AA
015 E040554 X
015 A000555 RESERVE BANK
015 B000555 S
015 C010555 SYDNEY
015 D010555 AUSTRALIA
015 E040555 X
015 A000556 BANCO NACIONAL DE MEXICO
015 B000556 S
015 C010556 MEXICO D.F.
015 D010556 MEXICO
015 D020556 06040
015 E040556 X
024 000500 N
028 A010500 500
028 A020500 0
028 A030500 0
028 A040500 103
028 B010500 1223
028 B020500 0
028 B030500 0
028 B040500 0
028 C010500 0
<PAGE> PAGE 54
028 C020500 0
028 C030500 0
028 C040500 4
028 D010500 0
028 D020500 0
028 D030500 0
028 D040500 10287
028 E010500 0
028 E020500 0
028 E030500 0
028 E040500 0
028 F010500 0
028 F020500 3869
028 F030500 0
028 F040500 8726
028 G010500 1723
028 G020500 3869
028 G030500 0
028 G040500 19120
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
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
<PAGE> PAGE 55
053 B000500 Y
053 C000500 N
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
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
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
<PAGE> PAGE 56
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 20745
071 B000500 44538
071 C000500 31126
071 D000500 67
072 A000500 12
072 B000500 330
072 C000500 1079
072 D000500 0
072 E000500 0
072 F000500 244
072 G000500 34
072 H000500 0
072 I000500 0
072 J000500 49
072 K000500 2
072 L000500 0
072 M000500 2
072 N000500 17
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 14
072 S000500 0
072 T000500 0
072 U000500 2
072 V000500 0
072 W000500 2
072 X000500 366
072 Y000500 18
072 Z000500 1061
072AA000500 6358
072BB000500 2858
072CC010500 0
072CC020500 324
072DD010500 1304
<PAGE> PAGE 57
072DD020500 0
072EE000500 4692
073 A010500 0.5700
073 A020500 0.0000
073 B000500 1.7300
073 C000500 0.0000
074 A000500 196
074 B000500 0
074 C000500 1422
074 D000500 861
074 E000500 393
074 F000500 14139
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 269
074 K000500 0
074 L000500 242
074 M000500 3
074 N000500 17525
074 O000500 12
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 67
074 S000500 0
074 T000500 17446
074 U010500 2563
074 U020500 0
074 V010500 6.81
074 V020500 0.00
074 W000500 0.0000
074 X000500 11
074 Y000500 0
075 A000500 0
075 B000500 34829
076 000500 0.00
SIGNATURE JAMES BAIO
TITLE VICE PRESIDENT
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 EMERGING MARKET SERIES INC.
DECEMBER 31, 1995 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> EMERGING MARKET SERIES
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 856426561
<INVESTMENTS-AT-VALUE> 808138564
<RECEIVABLES> 12698316
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 353860
<TOTAL-ASSETS> 821190740
<PAYABLE-FOR-SECURITIES> 20993980
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1681696
<TOTAL-LIABILITIES> 22675676
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 845187050
<SHARES-COMMON-STOCK> 74261758
<SHARES-COMMON-PRIOR> 51997882
<ACCUMULATED-NII-CURRENT> 1138292
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 683366
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (48493644)
<NET-ASSETS> 798515064
<DIVIDEND-INCOME> 15649496
<INTEREST-INCOME> 8285108
<OTHER-INCOME> 0
<EXPENSES-NET> 10341329
<NET-INVESTMENT-INCOME> 13593275
<REALIZED-GAINS-CURRENT> 9381337
<APPREC-INCREASE-CURRENT> (29368581)
<NET-CHANGE-FROM-OPS> (6393969)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 12454983
<DISTRIBUTIONS-OF-GAINS> 9647645
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 25584150
<NUMBER-OF-SHARES-REDEEMED> 5323688
<SHARES-REINVESTED> 2003414
<NET-CHANGE-IN-ASSETS> 215636782
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 949674
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8488442
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 10341329
<AVERAGE-NET-ASSETS> 679255138
<PER-SHARE-NAV-BEGIN> 11.21
<PER-SHARE-NII> .19
<PER-SHARE-GAIN-APPREC> (.34)
<PER-SHARE-DIVIDEND> (.17)
<PER-SHARE-DISTRIBUTIONS> (.14)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.75
<EXPENSE-RATIO> 1.52
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</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 DECEMBER 31,
1995 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> FOREIGN EQUITY SERIES
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 1698126383
<INVESTMENTS-AT-VALUE> 1814536183
<RECEIVABLES> 41764911
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 549606
<TOTAL-ASSETS> 1856850700
<PAYABLE-FOR-SECURITIES> 35095917
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3871476
<TOTAL-LIABILITIES> 38967393
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1698346822
<SHARES-COMMON-STOCK> 129496379
<SHARES-COMMON-PRIOR> 85023429
<ACCUMULATED-NII-CURRENT> 756912
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2369773
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 116409800
<NET-ASSETS> 1817883307
<DIVIDEND-INCOME> 38686823
<INTEREST-INCOME> 12077778
<OTHER-INCOME> 0
<EXPENSES-NET> 12514935
<NET-INVESTMENT-INCOME> 38249666
<REALIZED-GAINS-CURRENT> 24407376
<APPREC-INCREASE-CURRENT> 116272586
<NET-CHANGE-FROM-OPS> 178929628
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 37739736
<DISTRIBUTIONS-OF-GAINS> 20589597
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 54841050
<NUMBER-OF-SHARES-REDEEMED> 14047591
<SHARES-REINVESTED> 3679491
<NET-CHANGE-IN-ASSETS> 724656500
<ACCUMULATED-NII-PRIOR> 1866114
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (3067138)
<GROSS-ADVISORY-FEES> 9916869
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 12514935
<AVERAGE-NET-ASSETS> 1417244135
<PER-SHARE-NAV-BEGIN> 12.86
<PER-SHARE-NII> .31
<PER-SHARE-GAIN-APPREC> 1.35
<PER-SHARE-DIVIDEND> (.31)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> (.17)
<PER-SHARE-NAV-END> 14.04
<EXPENSE-RATIO> .88
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</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. GLOBAL FIXED INCOME DECEMBER 31, 1995
ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> GLOBAL FIXED INCOME SERIES
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 96477
<INVESTMENTS-AT-VALUE> 95862
<RECEIVABLES> 11150
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 8806
<TOTAL-ASSETS> 115818
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 14804
<TOTAL-LIABILITIES> 98347
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 157556
<SHARES-COMMON-STOCK> 12961
<SHARES-COMMON-PRIOR> 12398
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (54023)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (615)
<NET-ASSETS> 102918
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5352
<OTHER-INCOME> 0
<EXPENSES-NET> 1010
<NET-INVESTMENT-INCOME> 4342
<REALIZED-GAINS-CURRENT> 198
<APPREC-INCREASE-CURRENT> 31
<NET-CHANGE-FROM-OPS> 4571
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4342
<DISTRIBUTIONS-OF-GAINS> 121
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 563
<NET-CHANGE-IN-ASSETS> 4571
<ACCUMULATED-NII-PRIOR> 14033
<ACCUMULATED-GAINS-PRIOR> (69082)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 555
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 41741
<AVERAGE-NET-ASSETS> 100964
<PER-SHARE-NAV-BEGIN> 7.93
<PER-SHARE-NII> .35
<PER-SHARE-GAIN-APPREC> .02
<PER-SHARE-DIVIDEND> (.35)
<PER-SHARE-DISTRIBUTIONS> (.01)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.94
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</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. DECEMBER 31, 1995 ANNUAL REPORT AND
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-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 199638174
<INVESTMENTS-AT-VALUE> 225316871
<RECEIVABLES> 2053546
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 762860
<TOTAL-ASSETS> 228133277
<PAYABLE-FOR-SECURITIES> 928777
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 241491
<TOTAL-LIABILITIES> 1170268
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 200920800
<SHARES-COMMON-STOCK> 19141240
<SHARES-COMMON-PRIOR> 17740337
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 424933
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 25617276
<NET-ASSETS> 226963009
<DIVIDEND-INCOME> 5621694
<INTEREST-INCOME> 1019620
<OTHER-INCOME> 0
<EXPENSES-NET> 1856268
<NET-INVESTMENT-INCOME> 4785046
<REALIZED-GAINS-CURRENT> 13038929
<APPREC-INCREASE-CURRENT> 15928251
<NET-CHANGE-FROM-OPS> 33752226
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4785045
<DISTRIBUTIONS-OF-GAINS> 12351357
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1479630
<NUMBER-OF-SHARES-REDEEMED> 1521712
<SHARES-REINVESTED> 1442985
<NET-CHANGE-IN-ASSETS> 32904130
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (262640)
<GROSS-ADVISORY-FEES> 1469015
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1856268
<AVERAGE-NET-ASSETS> 209893693
<PER-SHARE-NAV-BEGIN> 10.94
<PER-SHARE-NII> .27
<PER-SHARE-GAIN-APPREC> 1.62
<PER-SHARE-DIVIDEND> (.27)
<PER-SHARE-DISTRIBUTIONS> (.70)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.86
<EXPENSE-RATIO> .88
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</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 FUND, INC. FOREIGN EQUITY (SOUTH AFRICA FREE)
SERIES DECEMBER 31, 1995 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 5
<NAME> SOUTH AFRICA FREE SERIES
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 15720012
<INVESTMENTS-AT-VALUE> 16814606
<RECEIVABLES> 511459
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 198968
<TOTAL-ASSETS> 17525033
<PAYABLE-FOR-SECURITIES> 11875
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 67421
<TOTAL-LIABILITIES> 79296
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16530052
<SHARES-COMMON-STOCK> 2562747
<SHARES-COMMON-PRIOR> 4869622
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (140280)
<ACCUM-APPREC-OR-DEPREC> 1055965
<NET-ASSETS> 16530052
<DIVIDEND-INCOME> 1079106
<INTEREST-INCOME> 329613
<OTHER-INCOME> 0
<EXPENSES-NET> 348289
<NET-INVESTMENT-INCOME> 1060430
<REALIZED-GAINS-CURRENT> 3500099
<APPREC-INCREASE-CURRENT> (324256)
<NET-CHANGE-FROM-OPS> 4236273
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1304156
<DISTRIBUTIONS-OF-GAINS> 4691584
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1506152
<NUMBER-OF-SHARES-REDEEMED> 5004923
<SHARES-REINVESTED> 1191896
<NET-CHANGE-IN-ASSETS> (22130742)
<ACCUMULATED-NII-PRIOR> 703936
<ACCUMULATED-GAINS-PRIOR> 588682
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 243952
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 366287
<AVERAGE-NET-ASSETS> 34828911
<PER-SHARE-NAV-BEGIN> 8.13
<PER-SHARE-NII> .62
<PER-SHARE-GAIN-APPREC> .36
<PER-SHARE-DIVIDEND> (.57)
<PER-SHARE-DISTRIBUTIONS> (1.73)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.81
<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, 1995 without
reimbursement 1.05%.
</FN>
</TABLE>
REPORT OF CERTIFIED PUBLIC ACCOUNTANTS
The Board of Trustees 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, 1995, we
considered its internal control structure, including procedures for safeguarding
securities, in order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and 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 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 being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1995.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
/s/MCGLADREY & PULLEN, LLP
McGladrey & Pullen, LLP
New York, New York
January 31, 1996
