EX-99.P 25 exhibit99_p.htm FRANKLIN TEMPLETON INVESTMENT MANAGER

EXHIBIT P

FRANKLIN TEMPLETON INVESTMENT MANAGER INFORMATION

Fund/Series  Investment Manager  Sub-Adviser 
Franklin California Tax-Free Income Fund, Inc.  Franklin Advisers, Inc.1  N/A 
       Franklin California Tax-Free Income Fund     
Franklin California Tax-Free Trust     
       Franklin California Insured Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin California Intermediate-Term Tax-Free  Franklin Advisers, Inc.1  N/A 
       Income Fund     
       Franklin California Limited-Term Tax-Free Income  Franklin Advisers, Inc.1  N/A 
       Fund     
       Franklin California Tax-Exempt Money Fund  Franklin Advisers, Inc.1  N/A 
Franklin Capital Growth Fund  Franklin Advisers, Inc.1  N/A 
Franklin Custodian Funds, Inc.     
       Franklin DynaTech Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Growth Fund  Franklin Investment  N/A 
  Advisory Services, LLC2   
       Franklin Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin U.S. Government Securities Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Utilities Fund  Franklin Advisers, Inc.1  N/A 
Franklin Global Trust     
       Fiduciary Large Capitalization Growth and Income Fund  Fiduciary International, Inc.3  N/A 
       Fiduciary Small Capitalization Equity Fund     
       Franklin Global Real Estate Fund  Fiduciary International, Inc.3  Franklin Templeton 
    Institutional, LLC4 
       Franklin International Smaller Companies Growth Fund Franklin Templeton  N/A 
  Institutional, LLC4   
       Franklin Templeton Core Fixed Income Fund  Franklin Advisers, Inc.1    Franklin Templeton 
    Institutional, LLC4 
       Franklin Templeton Core Plus Fixed Income Fund  Fiduciary International, Inc.3  Franklin Templeton 
    Institutional, LLC4 
       Franklin Templeton Emerging Market Debt  Fiduciary International, Inc.3  Franklin Templeton 
       Opportunities Fund    Institutional, LLC4 
       Franklin Templeton High Income Fund  Franklin Templeton 
Investment Management Limited5 
Fiduciary International, Inc.3  		N/A  
 
Franklin Advisers, Inc.1 
Franklin Gold and Precious Metals Fund  Franklin Advisers, Inc.1  N/A 
Franklin High Income Trust  Franklin Advisers, Inc.1  N/A 
       Franklin High Income Fund     

P-1


Fund/Series  Investment Manager  Sub-Adviser 
Franklin Investors Securities Trust     
       Franklin Adjustable U.S. Government Securities Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Balanced Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Convertible Securities Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Equity Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Floating Rate Daily Access Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Limited Maturity U.S. Government Securities  Franklin Advisers, Inc.1  N/A 
       Fund     
       Franklin Low Duration Total Return Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Real Return Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Total Return Fund  Franklin Advisers, Inc.1  N/A 
Franklin Managed Trust     
       Franklin Rising Dividends Fund  Franklin Advisory Services,  N/A 
  LLC6   
Franklin Municipal Securities Trust     
       Franklin California High Yield Municipal Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Tennessee Municipal Bond Fund  Franklin Advisers, Inc.1  N/A 
Franklin Mutual Recovery Fund  Franklin Mutual Advisers,  N/A 
  LLC7   
Franklin Mutual Series Fund Inc.     
       Mutual Beacon Fund  Franklin Mutual Advisers,  N/A 
  LLC7   
       Mutual Discovery Fund  Franklin Mutual Advisers,  Franklin Templeton 
  LLC7  Investment 
    Management 
    Limited5 
       Mutual European Fund  Franklin Mutual Advisers,  N/A 
  LLC7   
       Mutual Financial Services Fund  Franklin Mutual Advisers,  N/A 
  LLC7   
       Mutual Qualified Fund  Franklin Mutual Advisers,  Franklin Templeton 
  LLC7  Investment 
    Management 
    Limited5 
       Mutual Shares Fund  Franklin Mutual Advisers,  N/A 
  LLC7   
Franklin New York Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
Franklin New York Tax-Free Trust     
       Franklin New York Insured Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin New York Intermediate-Term Tax-Free  Franklin Advisers, Inc.1  N/A 
       Income Fund     
       Franklin New York Limited-Term Tax-Free Income  Franklin Advisers, Inc.1  N/A 
       Fund     
       Franklin New York Tax-Exempt Money Fund  Franklin Advisers, Inc.1  N/A 
Franklin Real Estate Securities Trust     
       Franklin Real Estate Securities Fund  Franklin Advisers, Inc.1  N/A 
Franklin Strategic Mortgage Portfolio  Franklin Advisers, Inc.1  N/A 

P-2


Fund/Series  Investment Manager  Sub-Adviser 
Franklin Strategic Series     
       Franklin Aggressive Growth Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Biotechnology Discovery Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Blue Chip Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Flex Cap Growth Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Global Communications Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Global Health Care Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Natural Resources Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Small-Mid Cap Growth Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Small Cap Growth Fund II  Franklin Advisers, Inc.1  N/A 
       Franklin Strategic Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Technology Fund  Franklin Advisers, Inc.1  N/A 
       Franklin U.S. Long-Short Fund  Franklin Advisers, Inc.1  N/A 
Franklin Tax-Free Trust     
       Franklin Alabama Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Arizona Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Colorado Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Connecticut Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Double Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Federal Intermediate-Term Tax-Free Income  Franklin Advisers, Inc.1  N/A 
       Fund     
       Franklin Federal Limited-Term Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Florida Insured Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Florida Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Georgia Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin High Yield Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Insured Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Kentucky Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Louisiana Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Maryland Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Massachusetts Insured Tax-Free Income  Franklin Advisers, Inc.1  N/A 
       Fund       
       Franklin Michigan Insured Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Minnesota Insured Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Missouri Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin New Jersey Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin North Carolina Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Ohio Insured Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Oregon Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Pennsylvania Tax-Free Income Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Virginia Tax-Free Income Fund  Franklin Advisers, Inc.1    N/A 
Franklin Templeton Fund Allocator Series     
       Franklin Templeton Conservative Target Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Templeton Corefolio Allocation Fund  N/A  N/A 
       Franklin Templeton Founding Funds Allocation Fund  N/A  N/A 
       Franklin Templeton Growth Target Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Templeton Moderate Target Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Templeton Perspectives Allocation Fund  N/A  N/A 
       Franklin Templeton 2015 Retirement Target Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Templeton 2025 Retirement Target Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Templeton 2035 Retirement Target Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Templeton 2045 Retirement Target Fund  Franklin Advisers, Inc.1  N/A 

P-3


Fund/Series  Investment Manager  Sub-Adviser 
Franklin Templeton Global Trust     
       Franklin Templeton Hard Currency Fund  Franklin Advisers, Inc.1  N/A 
Franklin Templeton International Trust     
       Templeton Foreign Smaller Companies Fund  Franklin Advisers, Inc.1  Templeton Investment 
    Counsel, LLC8 & 
    Franklin Templeton 
    Investment 
    Management Limited5 
       Templeton Global Long-Short Fund  Franklin Advisers, Inc.1  Templeton Global 
    Advisors Limited9 & 
    Franklin Templeton 
    Investment 
    Management Limited5 
Franklin Templeton Money Fund Trust  N/A  N/A 
       Franklin Templeton Money Fund     
Franklin Value Investors Trust     
       Franklin Balance Sheet Investment Fund  Franklin Advisory Services,  N/A 
  LLC6   
       Franklin Large Cap Value Fund  Franklin Advisory Services,  N/A 
  LLC6   
       Franklin MicroCap Value Fund  Franklin Advisory Services,  N/A 
  LLC6   
       Franklin MidCap Value Fund  Franklin Advisory Services,  N/A 
  LLC6   
       Franklin Small Cap Value Fund  Franklin Advisory Services,  N/A 
  LLC6   
Institutional Fiduciary Trust     
       Franklin Cash Reserves Fund  N/A  N/A 
       Franklin Structured Large Cap Core Equity Fund  Franklin Advisers, Inc.1  N/A 
       Franklin Structured Large Cap Growth Equity Fund  Franklin Advisers, Inc.1  N/A 
       Money Market Portfolio  N/A  N/A 
The Money Market Portfolios     
       The Money Market Portfolio  Franklin Advisers, Inc.1  N/A 
Templeton China World Fund  Templeton Asset  N/A 
  Management Ltd.10   
Templeton Developing Markets Trust  Templeton Asset  N/A 
  Management Ltd.10   
Templeton Funds, Inc.     
       Templeton Foreign Fund  Templeton Global Advisors  N/A 
  Limited9   
       Templeton World Fund  Templeton Global Advisors  N/A 
  Limited9   
Templeton Global Smaller Companies Fund  Templeton Investment  Franklin Templeton 
  Counsel, LLC8  Investment 
    Management Limited5 
Templeton Income Trust     
       Templeton Global Bond Fund  Franklin Advisers, Inc.1  N/A 

P-4


Fund/Series  Investment Manager  Sub-Adviser 
Templeton Institutional Funds, Inc.     
       Emerging Markets Series  Templeton Asset  N/A 
  Management Ltd.10   
       Foreign Equity Series  Templeton Investment  N/A 
  Counsel, LLC8   
       Foreign Smaller Companies Series  Templeton Investment  Franklin Templeton 
  Counsel, LLC8  Investment 
        Management Limited5 

Footnote     
Reference  Adviser Address
1  Franklin Advisers, Inc.  One Franklin Parkway 
    San Mateo, CA 94403-1906 
2  Franklin Investment Advisory Services, LLC  One Franklin Parkway 
    San Mateo, CA 94403-1906 
3  Fiduciary International, Inc.  600 Fifth Avenue 
    New York, NewYork 10020 
4  Franklin Templeton Institutional, LLC  600 Fifth Avenue, 
    New York, NY 10020 
5  Franklin Templeton Investment Management Limited  The Adelphi Building 
    1-11 John Adam Street 
    London England WC2N 6HT  
6  Franklin Advisory Services, LLC  One Parker Plaza 
    Ninth Floor 
    Fort Lee, New Jersey 07024 
7  Franklin Mutual Advisers, LLC  101 John F. Kennedy Parkway 
    Short Hills, NJ 07078 
8  Templeton Investment Counsel, LLC  500 East Broward Blvd. 
    Fort Lauderdale, FL 33394 
9  Templeton Global Advisors Limited  Lyford Cay 
    Nassau, Bahamas 
10  Templeton Asset Management Ltd.  7 Temasek Blvd. 
    Suntec Tower One 
    #38-03 
    Singapore 038987 
     

P-5