SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
(Amendment No.)
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| FRANKLIN CALIFORNIA TAX-FREE INCOME FUND, INC. FRANKLIN CALIFORNIA TAX-FREE TRUST FRANKLIN CUSTODIAN FUNDS, INC. FRANKLIN INVESTORS SECURITIES TRUST FRANKLIN MANAGED TRUST FRANKLIN MUNICIPAL SECURITIES TRUST FRANKLIN MUTUAL SERIES FUND INC. FRANKLIN NEW YORK TAX-FREE INCOME FUND FRANKLIN NEW YORK TAX-FREE TRUST FRANKLIN REAL ESTATE SECURITIES TRUST FRANKLIN STRATEGIC MORTGAGE PORTFOLIO FRANKLIN STRATEGIC SERIES FRANKLIN TAX-FREE TRUST | FRANKLIN TEMPLETON FUND ALLOCATOR SERIES FRANKLIN TEMPLETON GLOBAL TRUST FRANKLIN TEMPLETON INTERNATIONAL TRUST FRANKLIN TEMPLETON MONEY FUND TRUST FRANKLIN VALUE INVESTORS TRUST INSTITUTIONAL FIDUCIARY TRUST TEMPLETON CHINA WORLD FUND TEMPLETON DEVELOPING MARKETS TRUST TEMPLETON FUNDS, INC. TEMPLETON GLOBAL SMALLER COMPANIES FUND TEMPLETON INCOME TRUST TEMPLETON INSTITUTIONAL FUNDS, INC. FRANKLIN MONEY FUND FRANKLIN TAX-EXEMPT MONEY FUND | ||
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Attention Franklin Templeton Shareholders
Your Immediate Action Is Requested
March 2007
Please be advised that your Fund adjourned the March 21, 2007 shareholder meeting because there was not sufficient participation in a vote on important proposals that affect your Fund. This shareholder meeting will be reconvened on April 11, 2007.
We strongly encourage you to cast your votes before the next shareholder meeting, as our records indicate that we have not received them as of the writing of this letter. By voting, you will help prevent further adjournments of the shareholder meeting and additional communications, which cost your fund associated expenses.
All shareholders will benefit from your participation in the vote.
Speak with a Proxy Voting Specialist: Dial toll-free 1-877-777-3418 and a specialist from MIS, an ADP Company, will assist you with voting your shares and answer any proxy-related questions. Specialists are available 9:00 a.m. - 9:00 p.m. Eastern Time, Monday – Friday and Saturday from 10:00 a.m. to 6:00 p.m. Eastern Time.
Touch-tone Phone: Dial the toll-free voting number listed on your proxy card, enter thecontrol number printed on the card and follow the simple instructions. Telephone voting is available 24 hours a day, 7 days a week. If you have received more than one proxy card, please vote each one during the call. Each card has a unique control number.
Internet: Go to the website listed on your proxy card, enter thecontrol number printed on the card and follow the simple instructions. If you have received more than one proxy card, please vote each one on the website. Each card has a unique control number.
Mail: Sign and date the enclosed proxy card(s) and mail it back using the enclosed, postage pre-paid envelope. Please mail your proxy card(s) in time to be received prior to the rescheduled shareholder meeting on April 11, 2007.
Your vote is important. Please vote your shares today.
Enclosures
FT 3-22-07