Franklin Templeton has been managing fixed income assets since 1948, and dedicated fixed income funds since 1970. In that time, we have become one of the most respected names in the industry as well as one of the largest fixed income managers in the country.¹

		Franklin Templeton Fixed Income Group®
		Depth and Breadth of Expertise
		Fixed Income Fund Lineup

Franklin Templeton Fixed Income Group

A fixed income leader. The Franklin Templeton Fixed Income Group manages over $173 billion in fixed income assets for over 2.7 million shareholder accounts.²

Research expertise. Our fixed income team includes over 100 investment professionals. We are also able to tap the expertise of the Franklin equity research team, which gives us the ability to view our investments from yet another perspective.²

Extensive resources. We have a dedicated risk management team that partners with managers to analyze and monitor portfolio risk.

Over 50 fixed income funds. We offer funds covering the entire fixed income spectrum, including government securities, municipal bonds, corporate bonds, floating-rate loans, global bonds and multi-sector strategies, which capitalize on our expertise in each of these areas.

Depth and Breadth of Expertise
The Franklin Templeton Fixed Income Group provides comprehensive coverage of investment opportunities across fixed income sectors and around the world.

Sector Teams³

"The Franklin Templeton Fixed Income Group has global specialist teams focusing on every major sector of the fixed income market. This worldwide breadth gives us an advantage in identifying investment opportunities for our fund portfolios."

–Christopher Molumphy
  Chief Investment Officer
  Franklin Templeton Fixed Income Group^®

Fixed Income Fund Lineup

We offer a wide variety of fixed income funds to help you meet your investment needs.

A financial advisor can help
If you have questions about investing in fixed income funds, we urge you to contact your financial advisor, who is best suited to help you make investment decisions based on your individual investment objectives and risk tolerance.

A word about risk
Interest rate movements will affect each fund's share price and yield. Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds in a fund adjust to a rise in interest rates, a fund's share price may decline. Investors should be aware of the special risks involved with investments in high-yield bonds, global bonds and floating-rate loans. High-yield bonds and floating-rate loans are lower-rated, higher-yielding instruments, which are subject to increased risk of default and can potentially result in loss of principal. Floating-rate loans should not be considered alternatives to money market funds or certificates of deposit (CDs). Global bond risks include currency fluctuations and political uncertainty. Mortgage-backed securities are susceptible to prepayment risk. These and other risk considerations are discussed in each fund's prospectus.

Important Legal Information
For more information on Franklin Templeton fixed income funds, please contact your financial advisor or download a free prospectus. Investors should carefully consider a fund's investment goals, risks, charges and expenses before investing. A prospectus contains this and other information. Please carefully read the prospectus before you invest or send money.
Footnotes
1.	Source: Strategic Insight, ICI as of 8/31/08.
2.	As of 9/30/08.
3.	As of 9/30/08.
4.	An investment in the fund is neither insured nor guaranteed by the U.S. government or by any other entity or institution.
5.	For investors subject to the alternative minimum tax, all or a portion of a fund's dividends may be taxable. Distributions of capital gains are generally taxable.