]> Press Releases--Closed-End Funds, Performance Information Available

Franklin Templeton Investments Announces Availability of Information on Closed-End Funds

From: Franklin Templeton Distributors, Inc
Contact: Stacy Johnston
Telephone:(650) 525-7458

SAN MATEO, CA, November 7, 2000 -- Franklin Templeton Investments announced today that performance results for all U.S.-based Franklin and Templeton closed-end funds are available to the public by calling 1-800/DIAL BEN® (1-800/342-5236). These results will also be included in the third quarter Franklin Templeton Dealer Facts Guide.

Franklin Templeton Distributors, Inc. is a wholly owned subsidiary of Franklin Resources, Inc. [NYSE:BEN], a global investment organization operating as Franklin Templeton Investments. Through its subsidiaries, Franklin Templeton Investments provides global and domestic investment, shareholder and distribution services to the Franklin, Templeton and Mutual Series funds and institutional accounts, as well as separate account management services. The San Mateo, CA-based company has over 50 years of investment experience and approximately $230 billion in assets under management as of September 30, 2000. For more information, please visit franklintempleton.com or call 1-800/DIAL BEN®.