]> Franklin Universal Trust Declares Monthly Dividend

Franklin Universal Trust Declares Monthly Dividend

From: Franklin Advisers, Inc.
Contact: Franklin Universal Trust
Telephone:(800) 342-5236

            San Mateo, CA, July 14, 2005 -- Franklin Universal Trust [NYSE:FT], a closed-end investment company managed by Franklin Advisers, Inc., announced today a dividend of 3.5 cents per share, payable August 15, 2005, to shareholders of record on July 29, 2005. 

            Franklin Advisers, Inc. is a wholly owned subsidiary of Franklin Resources, Inc. [NYSE:BEN], a global investment management 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 $425 billion in assets under management as of June 30, 2005.  For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.