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Value
Funds that invest primarily in value stocks.
Note: Dates indicate the most recent document date, including any amendments or supplements.
Fund Annual
Report		 Semiannual
Report		 Performance/ Overview

Franklin All Cap Value Fund
 10/31/2008 04/30/2009 View

Franklin Balance Sheet Investment Fund
 10/31/2008 04/30/2009 View

Franklin Large Cap Value Fund
 10/31/2008 04/30/2009 View

Franklin MicroCap Value Fund
 10/31/2008 04/30/2009 View

Franklin MidCap Value Fund
 10/31/2008 04/30/2009 View

Franklin Mutual Recovery Fund
 03/31/2009 09/30/2008 View

Franklin Small Cap Value Fund
 10/31/2008 04/30/2009 View

Mutual Beacon Fund
 12/31/2008 06/30/2009 View

Mutual Quest Fund
 12/31/2008 06/30/2009 View

Mutual Shares Fund
 12/31/2008 06/30/2009 View
Important Legal Information
For more information on any of our funds, contact your financial advisor or download a free prospectus. Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
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