]> Press Release - Closed-End Fund - Franklin Universal Trust Declares Monthly Dividend
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Franklin Universal Trust Declares Monthly Dividend

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

San Mateo, CA, March 16, 2004 -- Franklin Universal Trust [NYSE:FT], a closed-end investment company managed by Franklin Advisers, Inc., announced today a dividend of 3.0 cents per share, payable April 15, 2004, to shareholders of record on March 31, 2004.

Franklin Advisers, Inc. is a wholly owned subsidiary of Franklin Resources, Inc. [NYSE:BEN], a global investment organization operating as Franklin Templeton Investments.  Franklin Templeton provides global and domestic investment management services through its Franklin, Templeton, Mutual Series and Fiduciary Trust subsidiaries.  The San Mateo, CA-based company has over 50 years of investment experience and more than $352 billion in assets under management as of February 29, 2004.  For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.