]> Press Releases--Closed-End Funds, Franklin Universal Trust Asset Allocation, June 2001
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Franklin Universal Trust Reports Asset Allocation

From: Franklin Advisers, Inc.
Contact: Matt Walsh
Telephone:(650) 312-2245

San Mateo, CA, July 31, 2001 -- Franklin Universal Trust [NYSE:FT], a closed-end investment company managed by Franklin Advisers, Inc., today reported its portfolio composition, certain portfolio characteristics and NYSE closing price as of June 30, 2001.

Franklin Advisers, 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 provides global and domestic investment, shareholder, custody 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 in April 2001, acquired Fiduciary Trust Company International. Fiduciary, founded in 1931, is one of the world's oldest global investment firms specializing in managing assets for institutional and high net worth investors worldwide. The combined entity had approximately $268 billion in assets under management as of June 30, 2001. For more information, please call 1-800/DIAL BEN®.

SECURITY MARKET VALUE PERCENTAGE OF FUND
Corporate Bonds $182,962,758 67.47%
Convertible Bonds $833,490 0.31%
Utilities Stocks $59,452,775 21.93%
Natural Resources Equities & Preferred Stocks $980,049 0.36%
Misc. Equities & Preferred Stocks $11,269,653 4.16%
Foreign Denominated Corporate Bonds $0 0.00%
Foreign Gov't U.S. Dollar Denominated Bonds $13,789,563 5.09%
Foreign Government Agencies $534,212 0.20%
Cash & Equivalents $1,298,602 0.48%
Total Gross Market Value $271,121,688 100.00%
TEN LARGEST HOLDINGS: MARKET VALUE PERCENTAGE OF FUND
Republic of Brazil $7,260,000 2.68%
TXU Corp. $5,686,420 2.10%
Sovereign Bancorp $5,462,000 2.01%
Millicom International Cellular $5,190,000 1.91%
Charter Communications $5,143,125 1.90%
Exelon Corp. $5,129,600 1.89%
Station Casinos $5,043,750 1.86%
Key3Media Groups $4,925,500 1.82%
Nortek Inc. $4,907,500 1.81%
Riverwood International $4,825,000 1.70%
Total $53,572,895 19.76%

 

% OF GROSS ASSETS IN DEFAULT:
ISSUER
MARKET VALUE PERCENTAGE OF FUND
Ameriserve Food $55,500 0.01%
Anacomp $550,250 0.20%
Family Restaurants $127,500 0.05%
Metrocall $180,000 0.07%
Pindo Deli $367,500 0.14%
Poland Telecom $45,0003 0.02%
PSINet $256,750 0.12%
Specialty Retailers $107,500 0.09%
Talon Automotive $30,938 0.01%
Total $2,173,438 0.80%

Note: The value of these defaulted securities is reflected in the fund's net asset value. All Percentages are rounded to two decimal places.

Number of Positions   130
NAV per share   $7.37 (a)
NYSE Closing Price Per Share   $8.01 (a)
Number of shares outstanding   27,076,267
Asset Coverage (Investment Company Act)   363.57%
Total net assets   $199,491,358
(a) These figures have been rounded to two decimal places.