]> Press Release - Closed End Funds - FT Dividend March 2005

Franklin Universal Trust Declares Monthly Dividend

From: Franklin Templeton Investments
Contact: Franklin Templeton Fund Information
Telephone:(800) 342-5236

San Mateo, CA, March 21, 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 April 15, 2005, to shareholders of record on March 31, 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 $415 billion in assets under management as of February 28, 2005.  For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.