Franklin Universal Trust Reports Asset Allocation.

SAN MATEO, Calif. -- Franklin Universal Trust (NYSE:FT), a closed-end investment company managed by Franklin Advisers, Inc., today reported its portfolio composition, certain portfolio characteristics and NYSE closing price as of December 31, 2006.

Franklin Advisers, Inc., is a wholly

owned subsidiary of Franklin Resources, Inc. (NYSE:BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series and Fiduciary Trust investment teams. The San Mateo, CA-based company has more than 50 years of investment experience and over $552 billion in assets under management as of December 31, 2006. For more information, please call 1-800/DIAL BEN([R])or visit franklintempleton.com.

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