Franklin Templeton fund mergers approved

Franklin Templeton Investments has received approval from securityholders to merge Bissett Multinational Growth Fund into Franklin World Growth Fund, and Bissett Multinational Growth Corporate Class into Franklin World Growth Corporate Class.

The fund mergers and transfer of securities will take effect on or about the close of business on June 24, 2011.

Securityholders of Bissett Multinational Growth Fund will receive securities of Franklin World Growth Fund on a dollar-for-dollar and series-by-series basis. Securityholders of Bissett Multinational Growth Corporate Class will receive securities of Franklin World Growth Corporate Class on a dollar-for-dollar and series-by-series basis.

Securityholders will not be required to pay any redemption fees, sales charges or other fees associated with the termination of the funds. All costs associated with the termination of the funds will be borne by Franklin Templeton.

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