Franklin Templeton 529 College Savings Plan (the "Plan") is a higher education savings and investment program of the State of New Jersey designed to satisfy the requirements of Section 529 of the Internal Revenue Code. The New Jersey Higher Education Student Assistance Authority (HESAA) selects investment managers for the Plan, adopts regulations and carries out other functions nevessary for its operation.

HESAA has selected Franklin Templeton Distributors, Inc. ("FTDI") to provide, directly or through subcontractors, certain distribution, investment management and administrative services relating to the Plan. FTDI has retained Franklin Advisors, Inc., a registered investment advisor, to serve as the initial investment manager for the Franklin Templeton investment options. The S&P 500 Index Portfolio is managed by UBS Global Asset Management (US). FTDI and Franklin Advisors, Inc. are affiliates of Franklin Resources, Inc., which is a global investment organization operating as Franklin Templeton Investments.

Through various Franklin Templeton entities, Franklin Templeton Investments provides global and U.S. investments, shareholder and distribution services to the Franklin, Templeton and Mutual Series funds and Institutional accounts, as well as seperate account management services.

This material is not a recommendation of any particular security, is not based on any particular financial situation or need, and is not intended to replace the advice of a qualified attorney, tax advisor or investment professional. Before making any financial commitment regarding a Section 529 college savings plan, consult with the appropriate financial advisor.