]> Press Release - Closed-End Funds - FT dividend
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Franklin Universal Trust Declares Monthly Dividend

From: Franklin Advisers, Inc.
Contact: Matt Walsh
Telephone:(650) 312-2245

San Mateo, CA, September 19, 2008 -- Franklin Universal Trust [NYSE:FT], a closed-end investment company managed by Franklin Advisers, Inc., announced today a dividend of $0.038 per share, payable October 15, 2008, to shareholders of record on September 30, 2008 (Ex-Dividend Date: September 26, 2008).

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, Fiduciary Trust, Darby and Bissett investment teams.  The San Mateo, CA-based company has more than 60 years of investment experience and over $563billion in assets under management as of August 31, 2008.  For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.