CONSENT OF INDEPENDENT AUDITORS

We hereby consent to the incorporation by reference in Post-Effective  Amendment
No. 1 to the Registration  Statement of Templeton China World Fund on Form N-1A,
File No.  333-104602,  of our report dated  October 3,  2003,  relating  to the
financial  statements  and financial  highlights of Templeton  China World Fund,
which  appear in the August 31, 2003 Annual Report to  shareholders,  which are
also incorporated by reference in the Registration Statement. We also consent to
the  references to our firm  under  the  captions  "Financial  Highlights"  and
"Auditor."


/s/PRICEWATERHOUSECOOPERS LLP

San Francisco, California
December 29, 2003