EXHIBIT 21
FRANKLIN RESOURCES, INC.
LIST OF SUBSIDIARIES
(as of October 9, 2007)
| Name |
State or Nation of Incorporation or Organization | |
| Asia Infrastructure Mezzanine Capital Management Co., Ltd. |
Cayman Islands | |
| C&EE General Partner Ltd. |
Delaware | |
| C&EE Private Equity Partners, L.P. |
Delaware | |
| Darby-BBVA Latin American Investors, Ltd. |
Cayman Islands | |
| Darby-Hana Infrastructure Fund Management Co., Ltd. |
Korea | |
| Darby-ProBanco Holdings, L.P. |
Delaware | |
| Darby-ProBanco Investors, LLC |
Delaware | |
| Darby Asia Investors (HK), Ltd. |
Hong Kong | |
| Darby Asia Investors, Ltd. |
British Virgin Islands | |
| Darby Asia Mezzanine Fund II Management Co., Ltd. |
Cayman Islands | |
| Darby Brazil Mezzanine Management LLC |
Delaware | |
| Darby CEE Founder Partner II, LLC |
Delaware | |
| Darby Converging Europe Founder Partner, L.P. |
Delaware | |
| Darby Emerging High Yield Investments Ltd. |
Cayman Islands | |
| Darby Emerging High Yield Investments, LLC |
Delaware | |
| Darby Emerging Markets Income Investments, LLC |
Delaware | |
| Darby Emerging Markets Income Investments, Ltd. |
Cayman Islands | |
| Darby Emerging Markets Investments, Ltd. |
Delaware | |
| Darby Europe Mezzanine Management |
Cayman Islands | |
| Darby Global SICAV Managers, LLC |
Delaware | |
| Darby Holdings, Inc. |
Delaware | |
| Darby Latin American Mezzanine Investments |
Cayman Islands | |
| Darby Overseas Investments, Ltd. |
Delaware | |
| Darby Overseas Partners, L.P. |
Delaware | |
| Darby Stratus Administracao de Investímentos Ltda. |
Brazil | |
| DBVA de Mexico, S. de R. L. de C. V. |
Mexico | |
| DBVA Mexico Holdings I, LLC |
Delaware | |
| DBVA Mexico Holdings II, LLC |
Delaware | |
| FCC Receivables Corp. |
Delaware | |
| Fiduciary International Holding, Inc. |
New York | |
| Fiduciary International Ireland Limited |
Ireland | |
| Fiduciary International, Inc. |
New York | |
| Fiduciary Investment Corporation |
New York | |
| Fiduciary Investment Management International, Inc. |
Delaware | |
| Fiduciary Trust (International) S.A. |
Switzerland | |
| Fiduciary Trust Company International |
New York | |
| Fiduciary Trust Company of Canada |
Canada | |
| Fiduciary Trust International Limited |
England | |
| Fiduciary Trust International of California |
California | |
| Fiduciary Trust International of Delaware |
Delaware | |
| Fiduciary Trust International of the South |
Florida | |
| Franklin Advisers, Inc. |
California |
132
| Name |
State or Nation of Incorporation or Organization | |
| Franklin Advisory Services, LLC |
Delaware | |
| Franklin Agency, Inc. |
California | |
| Franklin Capital Corporation |
Utah | |
| Franklin Investment Advisory Services, LLC |
Delaware | |
| Franklin Mutual Advisers, LLC |
Delaware | |
| Franklin Receivables LLC |
Delaware | |
| Franklin SPE, LLC |
Delaware | |
| Franklin Templeton Alternative Strategies, Inc. |
Delaware | |
| Franklin Templeton AMC Limited |
India | |
| Franklin Templeton Asset Management (India) Private Limited |
India | |
| Franklin Templeton Asset Management S.A. |
France | |
| Franklin Templeton Austria GmbH |
Austria | |
| Franklin Templeton Bank & Trust, F.S.B. |
Utah | |
| Franklin Templeton Companies, LLC |
Delaware | |
| Franklin Templeton Financial Services Corp. |
New York | |
| Franklin Templeton France S.A. |
France | |
| Franklin Templeton Global Investors Limited |
United Kingdom | |
| Franklin Templeton Holding Limited |
Mauritius | |
| Franklin Templeton Institutional, LLC |
Delaware | |
| Franklin Templeton Institutional GP, LLC |
Delaware | |
| Franklin Templeton Institutional Suisse SA |
Switzerland | |
| Franklin Templeton International Services (India) Private Limited |
India | |
| Franklin Templeton International Services S.A. |
Luxembourg | |
| Franklin Templeton Investímentos (Brasil) Ltda. |
Brazil | |
| Franklin Templeton Investment Management GmbH |
Germany | |
| Franklin Templeton Investment Services Mexico S de R.L. |
Mexico | |
| Franklin Templeton Investment Management Limited |
United Kingdom | |
| Franklin Templeton Investment Services GmbH |
Germany | |
| Franklin Templeton Investment Trust Management Co., Ltd. |
Korea | |
| Franklin Templeton Investments (Asia) Limited |
Hong Kong | |
| Franklin Templeton Investments Australia Limited |
Australia | |
| Franklin Templeton Investments Corp. |
Canada | |
| Franklin Templeton Investments Japan Limited |
Japan | |
| Franklin Templeton Investor Services, LLC |
Delaware | |
| Franklin Templeton Italia Società di Gestione del Risparmio per Azioni |
Italy | |
| Franklin Templeton Luxembourg Holding S.A. |
Luxembourg | |
| Franklin Templeton Management Luxembourg S.A. |
Luxembourg | |
| Franklin Templeton Portfolio Advisors, Inc. |
California | |
| Franklin Templeton Real Estate Advisors GP, LLC |
Delaware | |
| Franklin Templeton Services Limited |
Ireland | |
| Franklin Templeton Services, LLC |
Delaware | |
| Franklin Templeton Strategic Investments Ltd |
Cayman Islands | |
| Franklin Templeton Switzerland Ltd |
Switzerland | |
| Franklin Templeton Trustee Services Private Limited |
India | |
| Franklin/Templeton Distributors, Inc. |
New York | |
| Franklin/Templeton Travel, Inc. |
California | |
| FS Capital Group |
California | |
| FS Properties, Inc. |
California |
133
| Name |
State or Nation of Incorporation or Organization | |
| FTC Investor Services Inc. |
Canada | |
| FTCI (Cayman) Ltd. |
Cayman Islands | |
| Happy Dragon Holdings Limited |
British Virgin Islands | |
| ITI Capital Markets Limited |
India | |
| LSIMC, LLC |
Delaware | |
| MassMutual/Darby CBO IM, Inc. |
Delaware | |
| Pioneer ITI Mutual Fund Private Limited |
India | |
| Riva Financial Systems Limited |
Isle of Man | |
| Templeton Asset Management (Labuan) Limited |
Malaysia | |
| Templeton Asset Management Ltd. |
Singapore | |
| Templeton China Research Limited |
Hong Kong | |
| Templeton do Brasil Ltda. |
Brazil | |
| Templeton Franklin Global Distributors, Ltd. |
Bermuda | |
| Templeton Global Advisors Limited |
The Bahamas | |
| Templeton Global Holdings Ltd. |
The Bahamas | |
| Templeton Heritage Limited |
Canada | |
| Templeton International, Inc. |
Delaware | |
| Templeton Investment Counsel, LLC |
Delaware | |
| Templeton Research Poland SP.z.o.o. |
Poland | |
| Templeton Restructured Investments, LLC |
Delaware | |
| Templeton Restructured Investments, Ltd. |
Cayman Islands | |
| Templeton Worldwide, Inc. |
Delaware | |
| Templeton/Franklin Investment Services, Inc. |
Delaware |
| * | All subsidiaries currently do business principally under their respective corporate names except as follows: Franklin Templeton Portfolio Advisors, Inc. operates through its Franklin Portfolio Advisors and Templeton Portfolio Advisors divisions; and some Templeton subsidiaries also occasionally use the name Templeton Worldwide. |
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