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Franklin Internet Opportunities to Become A Diversified Equity Fund

Templeton Mutual Fund has announced the change in the name and investment objective of Franklin Internet Opportunities Fund. Effective March 10, 2004, the fund would be renamed as Franklin India Opportunities Fund. Currently the fund is an open-ended technology fund and it seeks to provide long-term capital appreciation by capitalizing on investment opportunities created by the dramatic growth of the internet and its profound impact on individuals and businesses. Now from March, 2004 it would change into a diversified equity scheme and would generate capital appreciation by capitalizing on the long-term growth opportunities in the Indian economy.