]> Press Release - Dividend - FT

Franklin Universal Trust Declares Monthly Dividend

From: Franklin Advisers, Inc.
Contact: Stacey Johnston
Telephone:(650) 525-7458

San Mateo, CA, August 13, 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 September 15, 2004, to shareholders of record on August 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 Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series and Fiduciary Trust investment teams.  The San Mateo, CA-based company has more than 50 years of investment experience and over $347 billion in assets under management as of July 31, 2004.  For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

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