]> Press Release - Closed-End Funds - FT asset allocation

Franklin Universal Trust Reports Asset Allocation

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

San Mateo, CA, May 31, 2007 -- Franklin Universal Trust [NYSE:FT], a closed-end investment company managed by Franklin Advisers, Inc., today reported its portfolio composition, certain portfolio characteristics and NYSE closing price as of April 30, 2007.

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