Franklin Templeton Investments

<GAIN FROM OUR PERSPECTIVE>

2010 Capital Gain Distributions

Pending and estimated amounts of upcoming capital gain distributions are shown in red italicized text.

Estimated distributions can change prior to the record date depending on current market conditions and number of shares outstanding. Estimates do not include ordinary income distributions the funds may be making. Net short-term capital gains, when distributed, are generally taxable as ordinary income and are reported as Ordinary Dividends on Form 1099-DIV. View Important Legal Information

As of September 05, 2010 

Franklin
Franklin Adjustable U.S. Government Securities Fund Schedule: December No Distribution YTD.
Franklin Alabama Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-21 6-22 6-22 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin All Cap Value Fund Schedule: December No Distribution YTD.
Franklin Arizona Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-18 6-21 6-21 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Balance Sheet Investment Fund Schedule: December No Distribution YTD.
Franklin Balanced Fund Schedule: December No Distribution YTD.
Franklin Biotechnology Discovery Fund Schedule: December No Distribution YTD.
Franklin California High Yield Municipal Fund Schedule: December No Distribution YTD.
Franklin California Insured Tax-Free Income Fund Schedule: December No Distribution YTD.
Franklin California Intermediate-Term Tax-Free Income Fund Schedule: December No Distribution YTD.
Franklin California Limited-Term Tax-Free Income Fund Schedule: No Distribution YTD.
Franklin California Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
5-28 6-1 6-3 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Capital Growth Fund Schedule: No Distribution YTD.
Franklin Colorado Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-18 6-21 6-21 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Connecticut Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-21 6-22 6-22 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Convertible Securities Fund Schedule: December No Distribution YTD.
Franklin Double Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-18 6-21 6-21 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin DynaTech Fund Schedule: December No Distribution YTD.
Franklin Equity Income Fund Schedule: December No Distribution YTD.
Franklin Federal Intermediate-Term Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-18 6-21 6-21 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Federal Limited-Term Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-18 6-21 6-21 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Federal Tax-Free Income Fund Schedule: December No Distribution YTD.
Franklin Flex Cap Growth Fund Schedule: December No Distribution YTD.
Franklin Floating Rate Daily Access Fund Schedule: December No Distribution YTD.
Franklin Florida Insured Tax-Free Income Fund Schedule: No Distribution YTD.
Franklin Florida Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-21 6-22 6-22 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Focused Core Equity Fund Schedule: December No Distribution YTD.
Franklin Georgia Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-18 6-21 6-21 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Global Communications Fund Schedule: No Distribution YTD.
Franklin Global Health Care Fund Schedule: No Distribution YTD.
Franklin Global Real Estate Fund Schedule: December No Distribution YTD.
Franklin Gold and Precious Metals Fund Schedule: December No Distribution YTD.
Franklin Growth Fund Schedule: December No Distribution YTD.
Franklin Growth Opportunities Fund Schedule: December No Distribution YTD.
Franklin High Income Fund Schedule: December No Distribution YTD.
Franklin High Yield Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-21 6-22 6-22 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Income Fund Schedule: December No Distribution YTD.
Franklin India Growth Fund Schedule: December No Distribution YTD.
Franklin Insured Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-18 6-21 6-21 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin International Growth Fund Schedule: December No Distribution YTD.
Franklin International Small Cap Growth Fund Schedule: December No Distribution YTD.
Franklin Kentucky Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-21 6-22 6-22 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Large Cap Equity Fund Schedule: December No Distribution YTD.
Franklin Large Cap Value Fund Schedule: December No Distribution YTD.
Franklin Limited Maturity U.S. Government Securities Fund Schedule: December No Distribution YTD.
Franklin Louisiana Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-21 6-22 6-22 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Low Duration Total Return Fund Schedule: December No Distribution YTD.
Franklin Maryland Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-21 6-22 6-22 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Massachusetts Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-18 6-21 6-21 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Michigan Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-18 6-21 6-21 $11.96 Long-Term
Short-Term
JUN TOTAL       
$0.001100
$0.000000
$0.001100
Franklin MicroCap Value Fund Schedule: December No Distribution YTD.
Franklin MidCap Value Fund Schedule: December No Distribution YTD.
Franklin Minnesota Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-18 6-21 6-21 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Missouri Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-21 6-22 6-22 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Natural Resources Fund Schedule: December No Distribution YTD.
Franklin New Jersey Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-21 6-22 6-22 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin New York Insured Tax-Free Income Fund Schedule: December No Distribution YTD.
Franklin New York Intermediate-Term Tax-Free Income Fund Schedule: December No Distribution YTD.
Franklin New York Limited-Term Tax-Free Income Fund Schedule: No Distribution YTD.
Franklin New York Tax-Free Income Fund Schedule: December No Distribution YTD.
Franklin North Carolina Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-21 6-22 6-22 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Ohio Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-18 6-21 6-21 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Oregon Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-21 6-22 6-22 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Pennsylvania Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-18 6-21 6-21 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Real Estate Securities Fund Schedule: December No Distribution YTD.
Franklin Real Return Fund Schedule: December No Distribution YTD.
Franklin Rising Dividends Fund Schedule: December No Distribution YTD.
Franklin Small Cap Growth Fund Schedule: December No Distribution YTD.
Franklin Small Cap Value Fund Schedule: December No Distribution YTD.
Franklin Small-Mid Cap Growth Fund Schedule: December No Distribution YTD.
Franklin Strategic Income Fund Schedule: December No Distribution YTD.
Franklin Strategic Mortgage Portfolio Schedule: December No Distribution YTD.
Franklin Technology Fund Schedule: No Distribution YTD.
Franklin Templeton 2015 Retirement Target Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-25 6-28 6-30 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Templeton 2025 Retirement Target Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-25 6-28 6-30 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Templeton 2035 Retirement Target Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-25 6-28 6-30 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Templeton 2045 Retirement Target Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-25 6-28 6-30 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Templeton Conservative Allocation Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-25 6-28 6-30 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Templeton Corefolio Allocation Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-29 6-30 7-2 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Templeton Founding Funds Allocation Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-29 6-30 7-2 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Templeton Growth Allocation Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-25 6-28 6-30 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Templeton Hard Currency Fund Schedule: December No Distribution YTD.
Franklin Templeton Moderate Allocation Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-25 6-28 6-30 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Templeton Perspectives Allocation Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-29 6-30 7-2 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Franklin Tennessee Municipal Bond Fund Schedule: December No Distribution YTD.
Franklin Total Return Fund Schedule: December No Distribution YTD.
Franklin U.S. Government Securities Fund Schedule: December No Distribution YTD.
Franklin Utilities Fund Schedule: December No Distribution YTD.
Franklin Virginia Tax-Free Income Fund Schedule: June, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
6-21 6-22 6-22 Long-Term
Short-Term
JUN TOTAL       
$0.000000
$0.000000
$0.000000
Mutual
Franklin Mutual Recovery Fund Schedule: December No Distribution YTD.
Mutual Beacon Fund Schedule: September, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
9-2 9-3 9-8 Long-Term
Short-Term
SEP TOTAL       
$0.000000
$0.000000
$0.000000
Mutual European Fund Schedule: September, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
9-2 9-3 9-8 Long-Term
Short-Term
SEP TOTAL       
$0.000000
$0.000000
$0.000000
Mutual Financial Services Fund Schedule: September, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
9-2 9-3 9-8 Long-Term
Short-Term
SEP TOTAL       
$0.000000
$0.000000
$0.000000
Mutual Global Discovery Fund Schedule: September, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
9-2 9-3 9-8 Long-Term
Short-Term
SEP TOTAL       
$0.000000
$0.000000
$0.000000
Mutual International Fund Schedule: September, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
9-2 9-3 9-8 $12.76 Long-Term
Short-Term
SEP TOTAL       
$0.000000
$0.172800
$0.172800
Mutual Quest Fund Schedule: September, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
9-2 9-3 9-8 Long-Term
Short-Term
SEP TOTAL       
$0.000000
$0.000000
$0.000000
Mutual Shares Fund Schedule: September, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
9-2 9-3 9-8 Long-Term
Short-Term
SEP TOTAL       
$0.000000
$0.000000
$0.000000
Templeton
Templeton BRIC Fund Schedule: December No Distribution YTD.
Templeton China World Fund Schedule: December No Distribution YTD.
Templeton Developing Markets Trust Schedule: September, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
8-31 9-1 9-3 Long-Term
Short-Term
SEP TOTAL       
$0.000000
$0.000000
$0.000000
Templeton Emerging Markets Small Cap Fund Schedule: December No Distribution YTD.
Templeton Foreign Fund Schedule: December No Distribution YTD.
Templeton Foreign Smaller Companies Fund Schedule: December No Distribution YTD.
Templeton Frontier Markets Fund Schedule: December No Distribution YTD.
Templeton Global Bond Fund Schedule: December No Distribution YTD.
Templeton Global Long-Short Fund Schedule: December No Distribution YTD.
Templeton Global Opportunities Trust Schedule: September, December Details
Record Date Ex Date Pay Date Reinvestment Price Per Share Amounts
8-31 9-1 9-3 Long-Term
Short-Term
SEP TOTAL       
$0.000000
$0.000000
$0.000000
Templeton Global Smaller Companies Fund Schedule: December No Distribution YTD.
Templeton Global Total Return Fund Schedule: December No Distribution YTD.
Templeton Growth Fund, Inc. Schedule: December No Distribution YTD.
Templeton Income Fund Schedule: December No Distribution YTD.
Templeton International Bond Fund Schedule: December No Distribution YTD.
Templeton World Fund Schedule: December No Distribution YTD.
 

Important Legal Information

All mutual funds, regardless of performance, must distribute to shareholders any net realized gains from the sale of individual securities in their portfolios. Distributions are made to those who are registered shareholders of the fund on the record date. Distributions are paid on the pay date. All dates and distributions are subject to board approval. Distributions will vary depending on the funds' income and any profits realized from the sale of securities in the funds' portfolio. Past distributions are not indicative of future trends. A fund's per share capital gain distributions are the same for each share class offered.

Each fund hereby designates its distribution of a long-term capital gain dividend to its shareholders under Internal Revenue Code Section 852(b)(3).