Franklin Universal Trust Declares Monthly Dividend

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Tue May 20, 2008 6:21pm EDT 

SAN MATEO, Calif.--(Business Wire)--
Franklin Universal Trust (NYSE:FT), a closed-end investment
company managed by Franklin Advisers, Inc., announced today a dividend
of 3.8 cents per share, payable June 13, 2008, to shareholders of
record on May 30, 2008.

   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, Fiduciary Trust, Darby and Bissett investment teams. The San
Mateo, CA-based company has more than 60 years of investment
experience and over $617 billion in assets under management as of
April 30, 2008. For more information, please call 1-800/DIAL BEN(R) or
visit franklintempleton.com.

Franklin Templeton Investments
Media, 650-312-2245
Shareholders/Financial Advisors, 800-342-5236

Copyright Business Wire 2008
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