Franklin Templeton Investments Corp. announced today changes and additions to the series line-up within Templeton Global Income Fund and Quotential Diversified Income Portfolio; and a new U.S. dollar version of Series T on six funds, effective June 23, 2008.

“These changes are designed to provide Canadians with a wider range of investment options,” says Don Reed, President and CEO.

Series A and F re-designations

Templeton Global Income Fund Series A units will be re-designated into Series T units and the U.S. dollar Series A units will be re-designated into the new Series T-USD units. Quotential Diversified Income Portfolio Series A and Series F units will be re-designated into Series T and Series S units, respectively. The management fees on the re-designated units will remain unchanged.

Distributions will continue to be targeted at an annual rate of 6% for the new Series T and Series T-USD in the Global Income fund and the new Series T and Series S in the Diversified Income portfolio.

The new Series T and Series T-USD of the Global Income fund and the new Series T and Series S of the Diversified Income portfolio will receive monthly distributions in the form of Return of Capital (ROC). ROC is treated as a return of a portion of the unitholder’s original investments, as opposed to interest or dividend income, which reduces the adjusted cost base for tax purposes. Any net income, including capital gains, not distributed during the year will be distributed to unitholders annually in December.

Investors can also elect to receive flexible distributions though Franklin Templeton’s Flexible Series T solution. This allows an investor to customize their monthly ROC payments to be between 0% and 6% of the final net asset value of the fund from the previous year-end, divided into 12 equal monthly distributions.

Changes in distributions

Series F and Series O units of the Global Income fund will change from monthly to annual distributions of income and net capital gains, payable in December. Similarly, Series I and O units of the Diversified Income portfolio will also change from monthly to annual distributions of income and net capital gains, payable in December.

New Series A and F units

Templeton Global Income Fund will launch new Series A units and Quotential Diversified Income Portfolio will launch new Series A and Series F units on June 23, 2008. These new units will distribute any income and net capital gains annually in December.

U.S. dollar version of Series T

The new Series T-USD provides tax-efficiency through monthly ROC distributions in U.S. dollars. The first payment of the monthly distribution will be made at the end of June 2008, the same day as the existing CAD Series T monthly distribution. Series T-USD distributions will be paid out in fixed U.S. dollars and will not fluctuate with the Canadian exchange rate.

The launch of the Series T-USD will be available in these funds and portfolios: Mutual Discovery Fund; Mutual Discovery Corporate Class; Quotential Global Growth Portfolio; Quotential Global Growth Corporate Class; Quotential Global Balanced Portfolio; and Quotential Global Balanced Corporate Class.

U.S. Rising Dividends Fund name change

Franklin Templeton U.S. Rising Dividends Fund will change its name to Franklin U.S. Rising Dividends Fund, effective June 16. The corporate class version will also change its name to Franklin U.S. Rising Dividends Corporate Class. This name change will better align the fund with its manager, Franklin Advisory Services, LLC, in New Jersey. The U.S. Rising Dividends Fund will continue to provide long-term capital appreciation by investing primarily in a diversified portfolio of U.S. equities, with a focus on companies that have paid consistently rising dividends.