EXHIBIT N-1
FUNDAMENTAL INVESTMENT RESTRICTIONS RECOMMENDED TO BE ELIMINATED AS DISCUSSED IN PROPOSAL 5
ELIMINATE | ||||
ADDRESSED BY THE 1940 ACT OR SEC | PREEMPTED BY NSMIA | |||
STAFF INTERPRETATIONS | ||||
Franklin California Tax-Free Income Fund, Inc. | ||||
Franklin California Tax-Free Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Invest in Restricted or Illiquid Securities | 3). | Management Ownership of Securities | |
4). | Principal Transactions with Management | 4). | Invest in Put and Call Options | |
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin California Tax-Free Trust | ||||
Franklin California Insured Tax-Free Income | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
Fund | 2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies |
3). | Invest in Restricted or Illiquid Securities | 3). | Management Ownership of Securities | |
4). | Principal Transactions with Management | 4). | Invest in Put and Call Options | |
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin California Intermediate-Term Tax- | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
Free Income Fund | 2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies |
3). | Invest in Restricted or Illiquid Securities | 3). | Management Ownership of Securities | |
4). | Principal Transactions with Management | 4). | Invest in Put and Call Options | |
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin California Tax-Exempt Money Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Invest in Restricted or Illiquid Securities | 3). | Management Ownership of Securities | |
4). | Principal Transactions with Management | 4). | Invest in Put and Call Options | |
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Custodian Funds, Inc. | ||||
Franklin DynaTech Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
6). | Unseasoned Issuers |
N-1-1
ELIMINATE | ||||
ADDRESSED BY THE 1940 ACT OR SEC | PREEMPTED BY NSMIA | |||
STAFF INTERPRETATIONS | ||||
Franklin Growth Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
6). | Unseasoned Issuers | |||
Franklin Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
6). | Unseasoned Issuers | |||
Franklin U.S. Government Securities Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
6). | Unseasoned Issuers | |||
Franklin Utilities Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
6). | Unseasoned Issuers | |||
Franklin High Income Trust | ||||
Franklin High Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Management Ownership of Securities | |||
Franklin Investors Securities Trust | ||||
Franklin Adjustable U.S. Government | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
Securities Fund | 2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
6). | Unseasoned Issuers |
N-1-2
ELIMINATE | ||||
ADDRESSED BY THE 1940 ACT OR SEC | PREEMPTED BY NSMIA | |||
STAFF INTERPRETATIONS | ||||
Franklin Equity Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
6). | Unseasoned Issuers | |||
Franklin Limited Maturity U.S. Government | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
Securities Fund | 2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
6). | Unseasoned Issuers | |||
Franklin Municipal Securities Trust | ||||
Franklin California High Yield Municipal | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
Fund | 2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Tennessee Municipal Bond Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Managemen | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Mutual Series Fund, Inc. | ||||
Mutual Beacon Fund | 1). | Sell Short and Use Margin | 1). | Invest in Oil, Gas or Mineral Interests |
Mutual Discovery Fund | 1). | Sell Short and Use Margin | 1). | Invest in Oil, Gas or Mineral Interests |
Mutual European Fund | 1). | Sell Short and Use Margin | 1). | Invest in Oil, Gas or Mineral Interests |
Mutual Financial Services Fund | 1). | Sell Short and Use Margin | 1). | Invest in Oil, Gas or Mineral Interests |
Mutual Qualified Fund | 1). | Sell Short and Use Margin | 1). | Invest in Oil, Gas or Mineral Interests |
Mutual Shares Fund | 1). | Sell Short and Use Margin | 1). | Invest in Oil, Gas or Mineral Interests |
N-1-3
ELIMINATE | ||||
ADDRESSED BY THE 1940 ACT OR SEC | PREEMPTED BY NSMIA | |||
STAFF INTERPRETATIONS | ||||
Franklin New York Tax-Free Income Fund | ||||
1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control | |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Invest in Restricted or Illiquid Securities | 3). | Management Ownership of Securities | |
4). | Principal Transactions with Management | 4). | Invest in Put and Call Options | |
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin New York Tax-Free Trust | ||||
Franklin New York Insured Tax-Free Income | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
Fund | 2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin New York Intermediate-Term Tax | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
Free Income Fund | 2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin New York Limited-Term Tax-Free | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
Income Fund | 2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin New York Tax-Exempt Money Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Invest in Restricted or Illiquid Securities | 3). | Management Ownership of Securities | |
4). | Principal Transactions with Management | 4). | Invest in Put and Call Options | |
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Real Estate Securities Trust | ||||
Franklin Real Estate Securities Fund | 1). | Sell Short and Use Margin | 1). | Invest to Exercise Control |
2). | Invest in Restricted or Illiquid Securities | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
6). | UnseasonedIssuers |
N-1-4
ELIMINATE | ||||
ADDRESSED BY THE 1940 ACT OR SEC | PREEMPTED BY NSMIA | |||
STAFF INTERPRETATIONS | ||||
Franklin Strategic Mortgage Portfolio | ||||
1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control | |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
6). | Unseasoned Issuers | |||
Franklin Strategic Series | ||||
Franklin Biotechnology Discovery Fund | 1). | Invest in Restricted or Illiquid Securities | 1). | Invest to Exercise Control |
2). | Invest in Other Investment Companies | |||
Franklin Blue Chip Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest in Oil, Gas or Mineral Interests |
Franklin Flex Cap Growth Fund | 1). | Sell Short and Use Margin | 1). | Invest to Exercise Control |
2). | Invest in Restricted or Illiquid Securities | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
6). | Unseasoned Issuers | |||
Franklin Global Communications Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Invest in Restricted or Illiquid Securities | 3). | Management Ownership of Securities | |
4). | Principal Transactions with Management | 4). | Invest in Put and Call Options | |
5). | Invest in Oil, Gas or Mineral Interests | |||
6). | Unseasoned Issuers | |||
Franklin Global Health Care Fund | 1). | Sell Short and Use Margin | 1). | Invest to Exercise Control |
2). | Invest in Restricted or Illiquid Securities | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
6). | Unseasoned Issuers | |||
Franklin Natural Resources Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Invest in Restricted or Illiquid Securities | 3). | Management Ownership of Securities | |
4). | Principal Transactions with Management | 4). | Invest in Oil, Gas or Mineral Interests | |
5). | Unseasoned Issuers |
N-1-5
ELIMINATE | ||||
ADDRESSED BY THE 1940 ACT OR SEC | PREEMPTED BY NSMIA | |||
STAFF INTERPRETATIONS | ||||
Franklin Small-Mid Cap Growth Fund | 1). | Sell Short and Use Margin | 1). | Invest to Exercise Control |
2). | Invest in Restricted or Illiquid Securities | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
6). | Unseasoned Issuers | |||
Franklin Strategic Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
Franklin Tax-Free Trust | ||||
Franklin Alabama Tax-Free Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Arizona Tax-Free Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Colorado Tax-Free Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Connecticut Tax-Free Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests |
N-1-6
ELIMINATE | ||||
ADDRESSED BY THE 1940 ACT OR SEC | PREEMPTED BY NSMIA | |||
STAFF INTERPRETATIONS | ||||
Franklin Double Tax-Free Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Federal Intermediate-Term Tax-Free | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
Income Fund | 2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies |
3). | Invest in Restricted or Illiquid Securities | 3). | Management Ownership of Securities | |
4). | Principal Transactions with Management | 4). | Invest in Put and Call Options | |
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Florida Insured Tax-Free Income | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
Fund | 2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies |
3). | Invest in Restricted or Illiquid Securities | 3). | Management Ownership of Securities | |
4). | Principal Transactions with Management | 4). | Invest in Put and Call Options | |
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Florida Tax-Free Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Georgia Tax-Free Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin High Yield Tax-Free Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests |
N-1-7
ELIMINATE | ||||
ADDRESSED BY THE 1940 ACT OR SEC | PREEMPTED BY NSMIA | |||
STAFF INTERPRETATIONS | ||||
Franklin Insured Tax-Free Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Kentucky Tax-Free Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Louisiana Tax-Free Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Maryland Tax-Free Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Massachusetts Insured Tax-Free | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
Income Fund | 2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Michigan Insured Tax-Free Income | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
Fund | 2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests |
N-1-8
ELIMINATE | ||||
ADDRESSED BY THE 1940 ACT OR SEC | PREEMPTED BY NSMIA | |||
STAFF INTERPRETATIONS | ||||
Franklin Minnesota Insured Tax-Free Income | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
Fund | 2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Missouri Tax-Free Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin New Jersey Tax-Free Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin North Carolina Tax-Free Income | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
Fund | 2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Ohio Insured Tax-Free Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Oregon Tax-Free Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interest |
N-1-9
ELIMINATE | ||||
ADDRESSED BY THE 1940 ACT OR SEC | PREEMPTED BY NSMIA | |||
STAFF INTERPRETATIONS | ||||
Franklin Pennsylvania Tax-Free Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Virginia Tax-Free Income Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
Franklin Templeton Fund Allocator Series | ||||
Franklin Templeton Conservative Target Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest in Oil, Gas or Mineral Interests |
Franklin Templeton Growth Target Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest in Oil, Gas or Mineral Interests |
Franklin Templeton Moderate Target Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest in Oil, Gas or Mineral Interests |
Franklin Templeton International Trust | ||||
Templeton Foreign Smaller Companies Fund | 1). | Sell Short and Use Margin | 1). | Invest to Exercise Control |
2). | Invest in Restricted or Illiquid Securities | 2). | Invest in Other Investment Companies | |
3). | Management Ownership of Securities | |||
4). | Invest in Oil, Gas or Mineral Interests | |||
5). | Unseasoned Issuers | |||
Franklin Templeton Global Trust | ||||
Franklin Templeton Hard Currency Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Invest in Oil, Gas or Mineral Interests | |||
4). | Unseasoned Issuers | |||
Franklin Templeton Money Fund Trust | ||||
Franklin Templeton Money Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Invest in Restricted or Illiquid Securities | 3). | Management Ownership of Securities | |
4). | Principal Transactions with Management | 4). | Invest in Put and Call Options | |
5). | Invest in Oil, Gas or Mineral Interests |
N-1-10
ELIMINATE | ||||
ADDRESSED BY THE 1940 ACT OR SEC | PREEMPTED BY NSMIA | |||
STAFF INTERPRETATIONS | ||||
Franklin Value Investors Trust | ||||
Franklin Balance Sheet Investment Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Invest in Restricted or Illiquid Securities | 3). | Management Ownership of Securities | |
4). | Principal Transactions with Management | 4). | Invest in Put and Call Options | |
5). | Invest in Oil, Gas or Mineral Interests | |||
6). | Invest in Warrants | |||
Franklin MicroCap Value Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Principal Transactions with Management | 3). | Management Ownership of Securities | |
4). | Invest in Put and Call Options | |||
5). | Invest in Oil, Gas or Mineral Interests | |||
6). | Invest in Warrants | |||
Franklin Small Cap Value Fund | 1). | Invest in Oil, Gas or Mineral Interests | ||
Institutional Fiduciary Trust | ||||
Franklin Cash Reserves Fund | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Invest in Restricted or Illiquid Securities | 3). | Management Ownership of Securities | |
4). | Principal Transactions with Management | 4). | Invest in Put and Call Options | |
5). | Invest in Oil, Gas or Mineral Interests | |||
Money Market Portfolio | 1). | Mortgage, Pledge of Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Invest in Restricted or Illiquid Securities | 3). | Management Ownership of Securities | |
4). | Principal Transactions with Management | 4). | Invest in Put and Call Options | |
5). | Invest in Oil, Gas or Mineral Interests | |||
[6). | Unseasoned Issuers] | |||
The Money Market Portfolios | ||||
The Money Market Portfolio | 1). | Mortgage, Pledge or Hypothecate | 1). | Invest to Exercise Control |
2). | Sell Short and Use Margin | 2). | Invest in Other Investment Companies | |
3). | Invest in Restricted or Illiquid Securities | 3). | Management Ownership of Securities | |
4). | Principal Transactions with Management | 4). | Invest in Put and Call Options | |
5). | Invest in Oil, Gas or Mineral Interests |
N-1-11
ELIMINATE | ||||
ADDRESSED BY THE 1940 ACT OR SEC | PREEMPTED BY NSMIA | |||
STAFF INTERPRETATIONS | ||||
Templeton Institutional Funds, Inc. | ||||
Emerging Markets Series | 1). | Sell Short and Use Margin | 1). | Invest in Other Investment Companies |
2). | Invest in Restricted or Illiquid Securities | 2). | Management Ownership of Securities | |
3). | Maintain a Joint Trading Account | 3). | Invest in Oil, Gas or Mineral Interests | |
4). | Unseasoned Issuers | |||
5). | Invest in Warrants | |||
Foreign Equity Series | 1). | Sell Short and Use Margin | 1). | Invest in Other Investment Companies |
2). | Maintain a Joint Trading Account | 2). | Management Ownership of Securities | |
3). | Invest in Oil, Gas or Mineral Interests | |||
4). | Unseasoned Issuers | |||
5). | Invest in Warrants |
N-1-12