]> Press Release - Closed-End Funds - FT Results of Annual Meeting
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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 25, 2008 – Franklin Universal Trust [NYSE:FT], a closed-end investment company managed by Franklin Advisers, Inc., announced that the independent inspector of elections has certified the results of the Fund’s 2008 Annual Meeting held March 14, 2008.  Shareholders re-elected all of the Fund’s nominees for the Board of Trustees, and defeated both a dissident shareholder’s slate of nominees and a shareholder proposal to merge the Fund into 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 $600 billion in assets under management as of February 29, 2008.  For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.