Franklin Templeton Investments

<GAIN FROM OUR PERSPECTIVE>

Prospectuses and Reports — Search Results

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Franklin Adjustable U.S. Government Securities Fund

Franklin Alabama Tax-Free Income Fund

Franklin All Cap Value Fund

Franklin Arizona Tax-Free Income Fund

Franklin Balance Sheet Investment Fund

Franklin Balanced Fund

Franklin Biotechnology Discovery Fund

Franklin Blue Chip Fund

Franklin California High Yield Municipal Fund

Franklin California Insured Tax-Free Income Fund

Franklin California Intermediate-Term Tax-Free Income Fund

Franklin California Limited-Term Tax-Free Income Fund

Franklin California Tax-Exempt Money Fund

Franklin California Tax-Free Income Fund

Franklin Capital Growth Fund

Franklin Cash Reserves Fund

Franklin Colorado Tax-Free Income Fund

Franklin Connecticut Tax-Free Income Fund

Franklin Convertible Securities Fund

Franklin Double Tax-Free Income Fund

Franklin DynaTech Fund

Franklin Equity Income Fund

Franklin Federal Intermediate-Term Tax-Free Income Fund

Franklin Federal Limited-Term Tax-Free Income Fund

Franklin Federal Money Fund

Franklin Federal Tax-Free Income Fund

Franklin Flex Cap Growth Fund

Franklin Floating Rate Daily Access Fund

Franklin Floating Rate Trust

Franklin Florida Insured Tax-Free Income Fund

Franklin Florida Tax-Free Income Fund

Franklin Focused Core Equity Fund

Franklin Georgia Tax-Free Income Fund

Franklin Global Aggressive Growth Fund

Franklin Global Communications Fund

Franklin Global Growth Fund

Franklin Global Health Care Fund

Franklin Global Real Estate Fund

Franklin Gold and Precious Metals Fund

Franklin Growth Fund

Franklin Growth Opportunities Fund

Franklin High Income Fund

Franklin High Yield Tax-Free Income Fund

Franklin Income Fund

Franklin India Growth Fund

Franklin Insured Tax-Free Income Fund

Franklin International Growth Fund

Franklin International Small Cap Growth Fund

Franklin Kentucky Tax-Free Income Fund

Franklin Large Cap Equity Fund

Franklin Large Cap Growth Fund

Franklin Large Cap Value Fund

Franklin Limited Maturity U.S. Government Securities Fund

Franklin Louisiana Tax-Free Income Fund

Franklin Low Duration Total Return Fund

Franklin Maryland Tax-Free Income Fund

Franklin Massachusetts Tax-Free Income Fund

Franklin Michigan Tax-Free Income Fund

Franklin MicroCap Value Fund

Franklin MidCap Value Fund

Franklin Minnesota Tax-Free Income Fund

Franklin Missouri Tax-Free Income Fund

Franklin Money Fund

Franklin Natural Resources Fund

Franklin New Jersey Tax-Free Income Fund

Franklin New York Insured Tax-Free Income Fund

Franklin New York Intermediate-Term Tax-Free Income Fund

Franklin New York Limited-Term Tax-Free Income Fund

Franklin New York Tax-Exempt Money Fund

Franklin New York Tax-Free Income Fund

Franklin North Carolina Tax-Free Income Fund

Franklin Ohio Tax-Free Income Fund

Franklin Oregon Tax-Free Income Fund

Franklin Pennsylvania Tax-Free Income Fund

Franklin Real Estate Securities Fund

Franklin Real Return Fund

Franklin Rising Dividends Fund

Franklin Small Cap Growth Fund

Franklin Small Cap Value Fund

Franklin Small-Mid Cap Growth Fund

Franklin Stable Value Fund

Franklin Strategic Income Fund

Franklin Strategic Mortgage Portfolio

Franklin Tax-Exempt Money Fund

Franklin Technology Fund

Franklin Templeton 2015 Retirement Target Fund

Franklin Templeton 2025 Retirement Target Fund

Franklin Templeton 2035 Retirement Target Fund

Franklin Templeton 2045 Retirement Target Fund

Franklin Templeton Conservative Allocation Fund

Franklin Templeton Corefolio Allocation Fund

Franklin Templeton Founding Funds Allocation Fund

Franklin Templeton Growth Allocation Fund

Franklin Templeton Hard Currency Fund

Franklin Templeton Moderate Allocation Fund

Franklin Templeton Money Fund

Franklin Templeton Perspectives Allocation Fund

Franklin Tennessee Municipal Bond Fund

Franklin Texas Tax-Free Income Fund

Franklin Total Return Fund

Franklin U.S. Government Securities Fund

Franklin U.S. Long-Short Fund

Franklin Utilities Fund

Franklin Virginia Tax-Free Income Fund

Important Legal Information

Fund Fact Sheets show standardized performance information as of calendar quarter-end; the most recent month-end performance information is available on each Fund's Overview page (or Distributions/Details page, in the case of yields), under the "Funds" tab.

The Statement of Additional Information (SAI) contains more information about the Fund, its investments and policies. It is incorporated by reference (is legally a part of the prospectus). For a free copy of the current SAI, please contact your investment representative or order literature from us online. You can also view the current SAI online by visiting the EDGAR Database on the SEC's Internet site at http://www.sec.gov/edgar/searchedgar/prospectus.htm

For U.S. residents only.