------------------------ OMB APPROVAL ------------------------ OMB Number: 3235-0582 Expires: April 30, 2009 Estimated average burden hours per response..14.4 ------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-07851 FRANKLIN TEMPLETON FUND ALLOCATOR SERIES - ------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) ONE FRANKLIN PARKWAY, SAN MATEO, CA 94403-1906 - ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) CRAIG S. TYLE, ONE FRANKLIN PARKWAY, SAN MATEO, CA 94403-1906 - ------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (650) 312-2000 --------------------------- Date of fiscal year end: 7/31 ------------------ Date of reporting period: 6/30/07 ------------------ ITEM 1. PROXY VOTING RECORDS. ================ FRANKLIN TEMPLETON 2015 RETIREMENT TARGET FUND ================ INSTITUTIONAL FIDUCIARY TRUST Ticker: INFXX Security ID: 457756500 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Change of Fundamental Investment For Echo Management Policy Vote 10 Approve Change of Fundamental Investment For Echo Management Policy Vote 11 Approve Elimination of Fundamental For Echo Management Investment Policy Vote 12 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. ================ FRANKLIN TEMPLETON 2025 RETIREMENT TARGET FUND ================ INSTITUTIONAL FIDUCIARY TRUST Ticker: INFXX Security ID: 457756500 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Change of Fundamental Investment For Echo Management Policy Vote 10 Approve Change of Fundamental Investment For Echo Management Policy Vote 11 Approve Elimination of Fundamental For Echo Management Investment Policy Vote 12 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. ================ FRANKLIN TEMPLETON 2035 RETIREMENT TARGET FUND ================ INSTITUTIONAL FIDUCIARY TRUST Ticker: INFXX Security ID: 457756500 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Change of Fundamental Investment For Echo Management Policy Vote 10 Approve Change of Fundamental Investment For Echo Management Policy Vote 11 Approve Elimination of Fundamental For Echo Management Investment Policy Vote 12 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. ================ FRANKLIN TEMPLETON 2045 RETIREMENT TARGET FUND ================ N/A ================= FRANKLIN TEMPLETON CONSERVATIVE TARGET FUND ================== FRANKLIN CUSTODIAN FUNDS, INC Ticker: FKDNX Security ID: 353496607 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Amend Restated Declaration of Trust For Echo Management Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Change of Fundamental Investment For Echo Management Policy Vote 10 Approve Change of Fundamental Investment For Echo Management Policy Vote 11 Approve Elimination of Fundamental For Echo Management Investment Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN GOLD FUND Ticker: FKRCX Security ID: 353535107 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN INVESTORS SECURITIES TRUST Ticker: FBEIX Security ID: 353612856 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Rupert H. Johnson, Jr. For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Change of Fundamental Investment For Echo Management Policy Vote 10 Approve Change of Fundamental Investment For Echo Management Policy Vote 11 Approve Elimination of Fundamental For Echo Management Investment Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN MUTUAL SERIES FUND INC. Ticker: MUTHX Security ID: 628380107 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Edward I. Altman For Echo Management Vote 1.2 Elect Trustee Ann Torre Bates For Echo Management Vote 1.3 Elect Trustee Burton J. Greenwald For Echo Management Vote 1.4 Elect Trustee Bruce A. MacPherson For Echo Management Vote 1.5 Elect Trustee Charles Rubens, II For Echo Management Vote 1.6 Elect Trustee Leonard Rubin For Echo Management Vote 1.7 Elect Trustee Robert E. Wade For Echo Management Vote 1.8 Elect Trustee Gregory E. Johnson For Echo Management Vote 1.9 Elect Trustee Peter A. Langerman For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Elimination of Fundamental For Echo Management Investment Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN MUTUAL EUROPEAN FUND Ticker: MEUR Security ID: 628380503 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Edward I. Altman For Echo Management Vote 1.2 Elect Trustee Ann Torre Bates For Echo Management Vote 1.3 Elect Trustee Burton J. Greenwald For Echo Management Vote 1.4 Elect Trustee Bruce A. MacPherson For Echo Management Vote 1.5 Elect Trustee Charles Rubens, II For Echo Management Vote 1.6 Elect Trustee Leonard Rubin For Echo Management Vote 1.7 Elect Trustee Robert E. Wade For Echo Management Vote 1.8 Elect Trustee Gregory E. Johnson For Echo Management Vote 1.9 Elect Trustee Peter A. Langerman For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Elimination of Fundamental For Echo Management Investment Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN REAL ESTATE SECURITIES FUND Ticker: FREEX Security ID: 354602302 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Amend Restated Declaration of Trust For Echo Management Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Change of Fundamental Investment For Echo Management Policy Vote 10 Approve Elimination of Fundamental For Echo Management Investment Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN STRATEGIC MORTGAGE PORTFOLIO Ticker: FSMIX Security ID: 354713620 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Amend Restated Declaration of Trust For Echo Management Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Change of Fundamental Investment For Echo Management Policy Vote 10 Approve Change of Fundamental Investment For Echo Management Policy Vote 11 Approve Elimination of Fundamental For Echo Management Investment Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN STRATEGIC SERIES Ticker: FUSLX Security ID: 354713463 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Harris J. Ashton For Echo Management Vote 1.2 Elect Director Robert F. Carlson For Echo Management Vote 1.3 Elect Director Sam L. Ginn For Echo Management Vote 1.4 Elect Director Edith E. Holiday For Echo Management Vote 1.5 Elect Director Frank W. T. Lahaye For Echo Management Vote 1.6 Elect Director Frank A. Olson For Echo Management Vote 1.7 Elect Director Larry D. Thompson For Echo Management Vote 1.8 Elect Director John B. Wilson For Echo Management Vote 1.9 Elect Director Charles B. Johnson For Echo Management Vote 1.10 Elect Director Rupert H. Johnson, Jr. For Echo Management Vote 2 Amend Declaration of Trust For Echo Management Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN STRATEGIC SERIES Ticker: FUSLX Security ID: 354713729 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Harris J. Ashton For Echo Management Vote 1.2 Elect Director Robert F. Carlson For Echo Management Vote 1.3 Elect Director Sam L. Ginn For Echo Management Vote 1.4 Elect Director Edith E. Holiday For Echo Management Vote 1.5 Elect Director Frank W. T. Lahaye For Echo Management Vote 1.6 Elect Director Frank A. Olson For Echo Management Vote 1.7 Elect Director Larry D. Thompson For Echo Management Vote 1.8 Elect Director John B. Wilson For Echo Management Vote 1.9 Elect Director Charles B. Johnson For Echo Management Vote 1.10 Elect Director Rupert H. Johnson, Jr. For Echo Management Vote 2 Amend Declaration of Trust For Echo Management Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN STRATEGIC SERIES Ticker: FUSLX Security ID: 354713851 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Harris J. Ashton For Echo Management Vote 1.2 Elect Director Robert F. Carlson For Echo Management Vote 1.3 Elect Director Sam L. Ginn For Echo Management Vote 1.4 Elect Director Edith E. Holiday For Echo Management Vote 1.5 Elect Director Frank W. T. Lahaye For Echo Management Vote 1.6 Elect Director Frank A. Olson For Echo Management Vote 1.7 Elect Director Larry D. Thompson For Echo Management Vote 1.8 Elect Director John B. Wilson For Echo Management Vote 1.9 Elect Director Charles B. Johnson For Echo Management Vote 1.10 Elect Director Rupert H. Johnson, Jr. For Echo Management Vote 2 Amend Declaration of Trust For Echo Management Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- INSTITUTIONAL FIDUCIARY TRUST Ticker: INFXX Security ID: 457756500 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Change of Fundamental Investment For Echo Management Policy Vote 10 Approve Change of Fundamental Investment For Echo Management Policy Vote 11 Approve Elimination of Fundamental For Echo Management Investment Policy Vote 12 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- TEMPLETON CHINA WORLD FUND, INC. Ticker: TACWX Security ID: 88018X102 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Frank J. Crothers For Echo Management Vote 1.3 Elect Trustee Edith E. Holiday For Echo Management Vote 1.4 Elect Trustee David W. Niemiec For Echo Management Vote 1.5 Elect Trustee Frank A. Olson For Echo Management Vote 1.6 Elect Trustee Larry D. Thompson For Echo Management Vote 1.7 Elect Trustee Constantine D. For Echo Management Tseretopoulos Vote 1.8 Elect Trustee Robert E. Wade For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.1 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Approve Change of Fundamental Investment For Echo Management Policy Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- TEMPLETON FUNDS, INC. Ticker: TEMWX Security ID: 880196506 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Frank J. Crothers For Echo Management Vote 1.3 Elect Trustee Edith E. Holiday For Echo Management Vote 1.4 Elect Trustee David W. Niemiec For Echo Management Vote 1.5 Elect Trustee Frank A. Olson For Echo Management Vote 1.6 Elect Trustee Larry D. Thompson For Echo Management Vote 1.7 Elect Trustee Constantine D. For Echo Management Tseretopoulos Vote 1.8 Elect Trustee Robert E. Wade For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Rupert H. Johnson, Jr. For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- TEMPLETON INCOME TRUST Ticker: TPINX Security ID: 880208103 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Frank J. Crothers For Echo Management Vote 1.3 Elect Trustee Edith E. Holiday For Echo Management Vote 1.4 Elect Trustee David W. Niemiec For Echo Management Vote 1.5 Elect Trustee Frank A. Olson For Echo Management Vote 1.6 Elect Trustee Larry D. Thompson For Echo Management Vote 1.7 Elect Trustee Constantine D. For Echo Management Tseretopoulos Vote 1.8 Elect Trustee Robert E. Wade For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.1 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. ================= FRANKLIN TEMPLETON COREFOLIO ALLOCATION FUND ================= FRANKLIN CUSTODIAN FUNDS, INC Ticker: FKDNX Security ID: 353496508 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Rupert H. Johnson, Jr. For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Change of Fundamental Investment For Echo Management Policy Vote 10 Approve Change of Fundamental Investment For Echo Management Policy Vote 11 Approve Elimination of Fundamental For Echo Management Investment Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN EQUITY FUND Ticker: FKREX Security ID: 353516107 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN MUTUAL SERIES FUND INC. Ticker: TESIX Security ID: 628380107 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Edward I. Altman For Echo Management Vote 1.2 Elect Trustee Ann Torre Bates For Echo Management Vote 1.3 Elect Trustee Burton J. Greenwald For Echo Management Vote 1.4 Elect Trustee Bruce A. MacPherson For Echo Management Vote 1.5 Elect Trustee Charles Rubens, II For Echo Management Vote 1.6 Elect Trustee Leonard Rubin For Echo Management Vote 1.7 Elect Trustee Robert E. Wade For Echo Management Vote 1.8 Elect Trustee Gregory E. Johnson For Echo Management Vote 1.9 Elect Trustee Peter A. Langerman For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Elimination of Fundamental For Echo Management Investment Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- INSTITUTIONAL FIDUCIARY TRUST Ticker: INFXX Security ID: 457756500 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Change of Fundamental Investment For Echo Management Policy Vote 10 Approve Change of Fundamental Investment For Echo Management Policy Vote 11 Approve Elimination of Fundamental For Echo Management Investment Policy Vote 12 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. ============== FRANKLIN TEMPLETON FOUNDING FUNDS ALLOCATION FUND =============== FRANKLIN CUSTODIAN FUNDS, INC Ticker: FKDNX Security ID: 353496300 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Rupert H. Johnson, Jr. For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Change of Fundamental Investment For Echo Management Policy Vote 10 Approve Change of Fundamental Investment For Echo Management Policy Vote 11 Approve Elimination of Fundamental For Echo Management Investment Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN MUTUAL SERIES FUND INC. Ticker: TESIX Security ID: 628380107 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Edward I. Altman For Echo Management Vote 1.2 Elect Trustee Ann Torre Bates For Echo Management Vote 1.3 Elect Trustee Burton J. Greenwald For Echo Management Vote 1.4 Elect Trustee Bruce A. MacPherson For Echo Management Vote 1.5 Elect Trustee Charles Rubens, II For Echo Management Vote 1.6 Elect Trustee Leonard Rubin For Echo Management Vote 1.7 Elect Trustee Robert E. Wade For Echo Management Vote 1.8 Elect Trustee Gregory E. Johnson For Echo Management Vote 1.9 Elect Trustee Peter A. Langerman For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Elimination of Fundamental For Echo Management Investment Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. ==================== FRANKLIN TEMPLETON GROWTH TARGET FUND ===================== FRANKLIN INVESTORS SECURITIES TRUST Ticker: FBEIX Security ID: 353612856 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Rupert H. Johnson, Jr. For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Change of Fundamental Investment For Echo Management Policy Vote 10 Approve Change of Fundamental Investment For Echo Management Policy Vote 11 Approve Elimination of Fundamental For Echo Management Investment Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN STRATEGIC SERIES Ticker: FUSLX Security ID: 354713463 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Harris J. Ashton For Echo Management Vote 1.2 Elect Director Robert F. Carlson For Echo Management Vote 1.3 Elect Director Sam L. Ginn For Echo Management Vote 1.4 Elect Director Edith E. Holiday For Echo Management Vote 1.5 Elect Director Frank W. T. Lahaye For Echo Management Vote 1.6 Elect Director Frank A. Olson For Echo Management Vote 1.7 Elect Director Larry D. Thompson For Echo Management Vote 1.8 Elect Director John B. Wilson For Echo Management Vote 1.9 Elect Director Charles B. Johnson For Echo Management Vote 1.10 Elect Director Rupert H. Johnson, Jr. For Echo Management Vote 2 Amend Declaration of Trust For Echo Management Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN STRATEGIC SERIES Ticker: FUSLX Security ID: 354713729 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Harris J. Ashton For Echo Management Vote 1.2 Elect Director Robert F. Carlson For Echo Management Vote 1.3 Elect Director Sam L. Ginn For Echo Management Vote 1.4 Elect Director Edith E. Holiday For Echo Management Vote 1.5 Elect Director Frank W. T. Lahaye For Echo Management Vote 1.6 Elect Director Frank A. Olson For Echo Management Vote 1.7 Elect Director Larry D. Thompson For Echo Management Vote 1.8 Elect Director John B. Wilson For Echo Management Vote 1.9 Elect Director Charles B. Johnson For Echo Management Vote 1.10 Elect Director Rupert H. Johnson, Jr. For Echo Management Vote 2 Amend Declaration of Trust For Echo Management Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN STRATEGIC SERIES Ticker: FUSLX Security ID: 354713851 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Harris J. Ashton For Echo Management Vote 1.2 Elect Director Robert F. Carlson For Echo Management Vote 1.3 Elect Director Sam L. Ginn For Echo Management Vote 1.4 Elect Director Edith E. Holiday For Echo Management Vote 1.5 Elect Director Frank W. T. Lahaye For Echo Management Vote 1.6 Elect Director Frank A. Olson For Echo Management Vote 1.7 Elect Director Larry D. Thompson For Echo Management Vote 1.8 Elect Director John B. Wilson For Echo Management Vote 1.9 Elect Director Charles B. Johnson For Echo Management Vote 1.10 Elect Director Rupert H. Johnson, Jr. For Echo Management Vote 2 Amend Declaration of Trust For Echo Management Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- TEMPLETON FUNDS, INC. Ticker: TEMWX Security ID: 880196506 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Frank J. Crothers For Echo Management Vote 1.3 Elect Trustee Edith E. Holiday For Echo Management Vote 1.4 Elect Trustee David W. Niemiec For Echo Management Vote 1.5 Elect Trustee Frank A. Olson For Echo Management Vote 1.6 Elect Trustee Larry D. Thompson For Echo Management Vote 1.7 Elect Trustee Constantine D. For Echo Management Tseretopoulos Vote 1.8 Elect Trustee Robert E. Wade For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Rupert H. Johnson, Jr. For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. =================== FRANKLIN TEMPLETON MODERATE TARGET FUND ==================== FRANKLIN CUSTODIAN FUNDS, INC Ticker: FKDNX Security ID: 353496607 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Amend Restated Declaration of Trust For Echo Management Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Change of Fundamental Investment For Echo Management Policy Vote 10 Approve Change of Fundamental Investment For Echo Management Policy Vote 11 Approve Elimination of Fundamental For Echo Management Investment Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN GOLD AND PRECIOUS METALS FUND Ticker: FKRCX Security ID: 353535107 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN INVESTORS SECURITIES TRUST Ticker: FBEIX Security ID: 353612856 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Rupert H. Johnson, Jr. For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Change of Fundamental Investment For Echo Management Policy Vote 10 Approve Change of Fundamental Investment For Echo Management Policy Vote 11 Approve Elimination of Fundamental For Echo Management Investment Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN MUTUAL SERIES FUND INC. Ticker: TESIX Security ID: 628380107 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Edward I. Altman For Echo Management Vote 1.2 Elect Trustee Ann Torre Bates For Echo Management Vote 1.3 Elect Trustee Burton J. Greenwald For Echo Management Vote 1.4 Elect Trustee Bruce A. MacPherson For Echo Management Vote 1.5 Elect Trustee Charles Rubens, II For Echo Management Vote 1.6 Elect Trustee Leonard Rubin For Echo Management Vote 1.7 Elect Trustee Robert E. Wade For Echo Management Vote 1.8 Elect Trustee Gregory E. Johnson For Echo Management Vote 1.9 Elect Trustee Peter A. Langerman For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Elimination of Fundamental For Echo Management Investment Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN MUTUAL SERIES FUND INC. Ticker: TESIX Security ID: 628380503 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Edward I. Altman For Echo Management Vote 1.2 Elect Trustee Ann Torre Bates For Echo Management Vote 1.3 Elect Trustee Burton J. Greenwald For Echo Management Vote 1.4 Elect Trustee Bruce A. MacPherson For Echo Management Vote 1.5 Elect Trustee Charles Rubens, II For Echo Management Vote 1.6 Elect Trustee Leonard Rubin For Echo Management Vote 1.7 Elect Trustee Robert E. Wade For Echo Management Vote 1.8 Elect Trustee Gregory E. Johnson For Echo Management Vote 1.9 Elect Trustee Peter A. Langerman For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Elimination of Fundamental For Echo Management Investment Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN REAL ESTATE SECURITIES FUND Ticker: FREEX Security ID: 354602302 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Amend Restated Declaration of Trust For Echo Management Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Elimination of Fundamental For Echo Management Investment Policy Vote 10 Approve Elimination of Fundamental For Echo Management Investment Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN STRATEGIC MORTGAGE PORTFOLIO Ticker: FSMIX Security ID: 354713620 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Elimination of Fundamental For Echo Management Investment Policy Vote 10 Approve Change of Fundamental Investment For Echo Management Policy Vote 11 Approve Elimination of Fundamental For Echo Management Investment Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN STRATEGIC SERIES Ticker: FUSLX Security ID: 354713463 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Harris J. Ashton For Echo Management Vote 1.2 Elect Director Robert F. Carlson For Echo Management Vote 1.3 Elect Director Sam L. Ginn For Echo Management Vote 1.4 Elect Director Edith E. Holiday For Echo Management Vote 1.5 Elect Director Frank W. T. Lahaye For Echo Management Vote 1.6 Elect Director Frank A. Olson For Echo Management Vote 1.7 Elect Director Larry D. Thompson For Echo Management Vote 1.8 Elect Director John B. Wilson For Echo Management Vote 1.9 Elect Director Charles B. Johnson For Echo Management Vote 1.10 Elect Director Rupert H. Johnson, Jr. For Echo Management Vote 2 Amend Declaration of Trust For Echo Management Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN STRATEGIC SERIES Ticker: FUSLX Security ID: 354713729 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Harris J. Ashton For Echo Management Vote 1.2 Elect Director Robert F. Carlson For Echo Management Vote 1.3 Elect Director Sam L. Ginn For Echo Management Vote 1.4 Elect Director Edith E. Holiday For Echo Management Vote 1.5 Elect Director Frank W. T. Lahaye For Echo Management Vote 1.6 Elect Director Frank A. Olson For Echo Management Vote 1.7 Elect Director Larry D. Thompson For Echo Management Vote 1.8 Elect Director John B. Wilson For Echo Management Vote 1.9 Elect Director Charles B. Johnson For Echo Management Vote 1.10 Elect Director Rupert H. Johnson, Jr. For Echo Management Vote 2 Amend Declaration of Trust For Echo Management Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN STRATEGIC SERIES Ticker: FUSLX Security ID: 354713851 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Harris J. Ashton For Echo Management Vote 1.2 Elect Director Robert F. Carlson For Echo Management Vote 1.3 Elect Director Sam L. Ginn For Echo Management Vote 1.4 Elect Director Edith E. Holiday For Echo Management Vote 1.5 Elect Director Frank W. T. Lahaye For Echo Management Vote 1.6 Elect Director Frank A. Olson For Echo Management Vote 1.7 Elect Director Larry D. Thompson For Echo Management Vote 1.8 Elect Director John B. Wilson For Echo Management Vote 1.9 Elect Director Charles B. Johnson For Echo Management Vote 1.10 Elect Director Rupert H. Johnson, Jr. For Echo Management Vote 2 Amend Declaration of Trust For Echo Management Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- INSTITUTIONAL FIDUCIARY TRUST Ticker: INFXX Security ID: 457756500 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Elimination of Fundamental For Echo Management Investment Policy Vote 10 Approve Change of Fundamental Investment For Echo Management Policy Vote 11 Approve Elimination of Fundamental For Echo Management Investment Policy Vote 12 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- TEMPLETON CHINA WORLD FUND, INC. Ticker: TACWX Security ID: 88018X102 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Frank J. Crothers For Echo Management Vote 1.3 Elect Trustee Edith E. Holiday For Echo Management Vote 1.4 Elect Trustee David W. Niemiec For Echo Management Vote 1.5 Elect Trustee Frank A. Olson For Echo Management Vote 1.6 Elect Trustee Larry D. Thompson For Echo Management Vote 1.7 Elect Trustee Constantine D. For Echo Management Tseretopoulos Vote 1.8 Elect Trustee Robert E. Wade For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.1 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Approve Change of Fundamental Investment For Echo Management Policy Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- TEMPLETON FUNDS, INC. Ticker: TEMWX Security ID: 880196506 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Frank J. Crothers For Echo Management Vote 1.3 Elect Trustee Edith E. Holiday For Echo Management Vote 1.4 Elect Trustee David W. Niemiec For Echo Management Vote 1.5 Elect Trustee Frank A. Olson For Echo Management Vote 1.6 Elect Trustee Larry D. Thompson For Echo Management Vote 1.7 Elect Trustee Constantine D. For Echo Management Tseretopoulos Vote 1.8 Elect Trustee Robert E. Wade For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Rupert H. Johnson, Jr. For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- TEMPLETON INCOME TRUST Ticker: TPINX Security ID: 880208103 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Frank J. Crothers For Echo Management Vote 1.3 Elect Trustee Edith E. Holiday For Echo Management Vote 1.4 Elect Trustee David W. Niemiec For Echo Management Vote 1.5 Elect Trustee Frank A. Olson For Echo Management Vote 1.6 Elect Trustee Larry D. Thompson For Echo Management Vote 1.7 Elect Trustee Constantine D. For Echo Management Tseretopoulos Vote 1.8 Elect Trustee Robert E. Wade For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.1 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. ================ FRANKLIN TEMPLETON PERPECTIVES ALLOCATION FUND ================ FRANKLIN MUTUAL SERIES FUND INC. Ticker: TESIX Security ID: 628380107 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Edward I. Altman For Echo Management Vote 1.2 Elect Trustee Ann Torre Bates For Echo Management Vote 1.3 Elect Trustee Burton J. Greenwald For Echo Management Vote 1.4 Elect Trustee Bruce A. MacPherson For Echo Management Vote 1.5 Elect Trustee Charles Rubens, II For Echo Management Vote 1.6 Elect Trustee Leonard Rubin For Echo Management Vote 1.7 Elect Trustee Robert E. Wade For Echo Management Vote 1.8 Elect Trustee Gregory E. Johnson For Echo Management Vote 1.9 Elect Trustee Peter A. Langerman For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Elimination of Fundamental For Echo Management Investment Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- FRANKLIN STRATEGIC SERIES Ticker: FUSLX Security ID: 354713463 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Harris J. Ashton For Echo Management Vote 1.2 Elect Director Robert F. Carlson For Echo Management Vote 1.3 Elect Director Sam L. Ginn For Echo Management Vote 1.4 Elect Director Edith E. Holiday For Echo Management Vote 1.5 Elect Director Frank W. T. Lahaye For Echo Management Vote 1.6 Elect Director Frank A. Olson For Echo Management Vote 1.7 Elect Director Larry D. Thompson For Echo Management Vote 1.8 Elect Director John B. Wilson For Echo Management Vote 1.9 Elect Director Charles B. Johnson For Echo Management Vote 1.10 Elect Director Rupert H. Johnson, Jr. For Echo Management Vote 2 Amend Declaration of Trust For Echo Management Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. - -------------------------------------------------------------------------------- INSTITUTIONAL FIDUCIARY TRUST Ticker: INFXX Security ID: 457756500 Meeting Date: MAY 18, 2007 Meeting Type: Special Record Date: JAN 5, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Harris J. Ashton For Echo Management Vote 1.2 Elect Trustee Robert F. Carlson For Echo Management Vote 1.3 Elect Trustee Sam L. Ginn For Echo Management Vote 1.4 Elect Trustee Edith E. Holiday For Echo Management Vote 1.5 Elect Trustee Frank W. T. LaHaye For Echo Management Vote 1.6 Elect Trustee Frank A. Olson For Echo Management Vote 1.7 Elect Trustee Larry D. Thompson For Echo Management Vote 1.8 Elect Trustee John B. Wilson For Echo Management Vote 1.9 Elect Trustee Charles B. Johnson For Echo Management Vote 1.10 Elect Trustee Gregory E. Johnson For Echo Management Vote 2 Approve Conversion to Series of Delaware For Echo Management Business Trust Vote 3 Approve Change of Fundamental Investment For Echo Management Policy Vote 4 Approve Change of Fundamental Investment For Echo Management Policy Vote 5 Approve Change of Fundamental Investment For Echo Management Policy Vote 6 Approve Change of Fundamental Investment For Echo Management Policy Vote 7 Approve Change of Fundamental Investment For Echo Management Policy Vote 8 Approve Change of Fundamental Investment For Echo Management Policy Vote 9 Approve Elimination of Fundamental For Echo Management Investment Policy Vote 10 Approve Change of Fundamental Investment For Echo Management Policy Vote 11 Approve Elimination of Fundamental For Echo Management Investment Policy Vote 12 Approve Change of Fundamental Investment For Echo Management Policy Vote For all items above, voted shares in the same proportion as the vote of all other shareholders. SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) FRANKLIN TEMPLETON FUND ALLOCATOR SERIES By (Signature and Title)*/s/JIMMY D. GAMBILL ------------------------------------------------------ Jimmy D. Gambill, Chief Executive Officer - Finance and Administration Date AUGUST 27, 2007 ---------------------- * PRINT THE NAME AND TITLE OF EACH SIGNING OFFICER UNDER HIS OR HER SIGNATURE.