]> Press Release - Closed-End Funds - FT Announces Results of Annual Meeting

Franklin Universal Trust Announces Results of Annual Meeting

From: Franklin Advisers, Inc.
Contact: Franklin Templeton Fund Information
Telephone:(800) 342-5236

San Mateo, CA, March 30, 2007 -- Franklin Universal Trust [NYSE:FT], a closed-end investment company managed by Franklin Advisers, Inc., announced the results of its 2007 Annual Meeting, held today.  Shareholders re-elected all of the Fund’s nominees for the Board of Trustees and defeated a shareholder proposal recommending that the Board consider reorganizing the Fund as an open-end fund. 

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 60 years of investment experience and over $564 billion in assets under management as of February 28, 2007.  For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.