Franklin Resources, Inc
Franklin Resources, Inc.
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Fred Fromm Update on Libya



Important Legal Information

The information provided is not a complete analysis of every material fact regarding any country, region, or market. Comments, opinions and analyses contained herein are those of the portfolio manager and are for general market commentary purposes only; not intended to reflect the holdings of any portfolio managed by Franklin Templeton Investments. Because market and economic conditions are subject to change, comments, opinions and analyses are rendered as of the date of this posting and may change without notice. The analysis and opinions expressed herein may differ or be contrary to those expressed by other business areas, portfolio managers or investment management teams at Franklin Templeton Investments. Opinions are intended to provide insight as to how a portfolio manager analyzes securities and commentary is not intended as individual investment advice or a recommendation or solicitation to buy, sell or hold any security or to adopt any investment strategy. Reliance upon information in this posting is at the sole discretion of the viewer. Please consult your own professional adviser before investing. Franklin Templeton Investments accepts no liability whatsoever for any loss arising from use of this posting or any information, opinion or estimate herein. Investments involve risks. The value of investments can go down as well as up, and investors may not get back the full amount invested.

Emerging or frontier market funds can be volatile, particularly over the short-term and can carry a higher degree of risk than an investment in more established markets. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in emerging market countries involve heightened risks related to the same factors, in addition to those associated with these markets' smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets.