LOGO] FRANKLIN TEMPLETON INVESTMENTS ONE FRANKLIN PARKWAY SAN MATEO, CA 94403-1906 TEL 650/312.4212 FRANKLINTEMPLETON.COM AMENDMENT TO MASTER CUSTODY AGREEMENT Effective July 1, 2005, the Bank of New York and each Investment Company listed on the...
[LOGO] FRANKLIN ▇▇▇▇▇▇▇▇▇ INVESTMENTS ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇
TEL 650/312.4212
▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇
AMENDMENT TO MASTER CUSTODY AGREEMENT
Effective July 1, 2005, the Bank of New York and each Investment Company listed
on the attached, amended Exhibit A for themselves and each series listed on the
attached, amended Exhibit A (the "Investment Companies") hereby amend the Master
Custody Agreement dated February 16, 1996 and further amended by amendments
dated May 7, 1997, February 27, 1998 and May 16, 2001 and by an Amended and
Restated Foreign Custody Manager Agreement dated May 16, 2001 (the "Agreement"),
pursuant to section 14.11 of the Agreement, by replacing Exhibit A to the
Agreement with the attached, amended Exhibit A.
Investment Companies Bank of New York
By:/s/▇▇▇▇▇ ▇. ▇▇▇▇ By:/s/▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
------------------------ ------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
---------------------- -----------------------
Title: Vice President and Assistant Title: Managing Director
Secretary ----------------------
----------------------------
MASTER CUSTODY AGREEMENT
EXHIBIT A
The following is a list of the Investment Companies and their respective Series
for which the Custodian shall serve under the Master Custody Agreement dated
February 16, 1996.
INVESTMENT COMPANY ORGANIZATION SERIES - (IF APPLICABLE)
---------------------------------------------------------------------------------------------------
Adjustable Rate Securities Portfolios Delaware Statutory Trust U.S. Government Adjustable
Rate Mortgage Portfolio
Franklin California Tax-Free Income Maryland Corporation
Fund, Inc.
Franklin California Tax-Free Trust Massachusetts Business Franklin California Insured
Trust Tax-Free Income Fund
Franklin California Intermediated-
Term Tax-Free Income Fund
Franklin California Limited-Term
Tax-Free Income Fund
Franklin California Tax-Exempt
Money Fund
Franklin Capital Growth Fund Delaware Statutory Trust
Franklin Custodian Funds, Inc. Maryland Corporation Franklin Dynatech Fund
Franklin Growth Fund
Franklin Income Fund
Franklin U.S. Government Securities
Fund
Franklin Utilities Fund
Franklin Federal Money Fund California Corporation
Franklin Federal Tax-Free California Corporation
Income Fund
Franklin Floating Rate Master Trust Delaware Statutory Trust Frankiln Floating Rate Master Series
Franklin Global Trust Delaware Statutory Trust Fiduciary Core Fixed Income Fund
Fiduciary Core Plus Fixed Income Fund
Fiduciary European Smaller Companies Fund
Fiduciary High Income Fund
Fiduciary Large Capitalization Growth and
Income Fund
Fiduciary Small Capitalization Growth and
Income Fund
Franklin International Smaller Companies
Growth Fund
Franklin Gold and Precious Metals Delaware Statutory Trust
Fund
Franklin High Income Trust Delaware Statutory Trust AGE High Income Fund
Franklin Investors Securities Trust Massachusetts Business Franklin Adjustable U.S. Government Securities
Trust Fund
Franklin Convertible Securities Fund
Franklin Equity Income Fund
Franklin Floating Rate Daily Access Fund
Franklin Limited Maturity U.S. Govt
Securities Fund
Franklin Low Duration Total Return Fund
Franklin Real Return Fund
Franklin Total Return Fund
Franklin Managed Trust Delaware Statutory Trust Franklin Rising Dividend Fund
Franklin Money Fund California Corporation
Franklin Municipal Securities Trust Delaware Statutory Trust Franklin California High Yield Municipal Fund
Franklin Tennessee Municipal Bond Fund
Franklin Mutual Series Fund Inc. Maryland Corporation Mutual Beacon Fund
Mutual Discovery Fund
Mutual European Fund
Mutual Financial Services Fund
Mutual Qualified Fund
Mutual Shares Fund
Franklin New York Tax-Free Trust Massachusetts Business Franklin New York Insured Tax-Free Fund
Trust Franklin New York Intermediate-Term
Tax-Free Income Fund
Franklin New York Limited-Term Tax-Free
Income Fund
Franklin New York Tax-Exempt Money Fund
Franklin Real Estate Securities Trust Delaware Statutory Trust Franklin Real Estate Securities Fund
Franklin Strategic Mortgage Portfolio Delaware Statutory Trust
Franklin Strategic Series Delaware Statutory Trust Franklin Aggressive Growth Fund
Franklin Biotechnology Discovery Fund
Franklin Blue Chip Fund
Franklin Flex Cap Growth Fund
Franklin Global Communications Fund
Franklin Global Health Care Fund
Franklin Natural Resources Fund
Franklin Small-Mid Cap Growth Fund
Franklin Small Cap Growth Fund II
Franklin Strategic Income Fund
Franklin Technolgy Fund
Franklin U.S. Long-Short Fund
Franklin Tax-Exempt Money Fund California Corporation
Franklin Tax-Free Trust Massachusetts Business Franklin Alabama Tax-Free Income Fund
Trust Franklin Arizona Tax-Free Income Fund
Franklin Colorado Tax-Free Income Fund
Franklin Connecticut Tax-Free Income Fund
Franklin Double Tax-Free Income Fund
Franklin Federal Intermediate-Term Tax-Free Income Fund
Franklin Federal Limited-Term Tax-Free Income Fund
Franklin Florida Insured Tax-Free Income Fund
Franklin Florida Tax-Free Income Fund
Franklin Georgia Tax-Free Income Fund
Franklin High Yield Tax-Free Income Fund
Franklin Insured Tax-Free Income Fund
Franklin Kentucky Tax-Free Income Fund
Franklin Louisiana Tax-Free Income Fund
Franklin Maryland Tax-Free Income Fund
Franklin Massachusetts Insured Tax-Free Income Fund
Franklin Michigan Insured Tax-Free Income Fund
Franklin Missouri Tax-Free Income Fund
Franklin New Jersey Tax-Free Income Fund
Franklin North Carolina Tax-Free Income Fund
Franklin Ohio Insured Tax-Free Income Fund
Franklin Orgeon Tax-Free Income Fund
Franklin Pennsylvania Tax-Free Income Fund
Franklin Virginia Tax-Free Income Fund
Franklin ▇▇▇▇▇▇▇▇▇ Fund Allocator Delaware Statutory Trust Franklin ▇▇▇▇▇▇▇▇▇ Conservative Target Fund
Series Franklin ▇▇▇▇▇▇▇▇▇ Corefolio Allocation Fund
Franklin ▇▇▇▇▇▇▇▇▇ Founding Funds Allocation Fund
Franklin ▇▇▇▇▇▇▇▇▇ Growth Target Fund
Franklin ▇▇▇▇▇▇▇▇▇ Moderate Target Fund
Franklin ▇▇▇▇▇▇▇▇▇ Perspectives Allocation Fund
Franklin ▇▇▇▇▇▇▇▇▇ Money Fund Trust Delaware Statutory Trust Franklin ▇▇▇▇▇▇▇▇▇ Money Fund
Franklin ▇▇▇▇▇▇▇▇▇ Variable Insurance Massachusetts Business Franklin Flex Cap Growth Securities Fund
Products Trust Trust Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Large Cap Value Securities Fund
Franklin Money Market Fundd
▇▇▇▇▇▇▇▇ ▇▇▇▇ Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin Strategic Income Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund - 2005
Franklin Zero Coupon Fund - 2010d
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
▇▇▇▇▇▇▇▇▇ Global Income Securities Fund
Franklin Value Investors Trust Massachusetts Business Franklin Balance Sheet Investment Fund
Trust Franklin Large Cap Value Fund
Franklin MicroCap Value Fund
▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Value Fund
Franklin Small Cap Value Fund
Institutional Fiduciary Trust Massachusetts Business ▇▇▇▇▇▇▇▇ ▇▇▇▇ Reserves Fund
Trust Money Market Portfolio
Franklin Structured Large Cap Core Equity Fund
Franklin Structured Large Cap Growth Equity Fund
The Money Market Portfolios Delaware Business Trust The Money Market Portfolio
The U.S. Government Securities Money Market Portfolio
Templeton Global Investment Trust Delaware Business Trust Templeton Income Fund
CLOSED-END FUNDS:
Franklin Multi-Income Trust Massachusetts Business Trust
Franklin ▇▇▇▇▇▇▇▇▇ High Yied Trust Delaware Statutory Trust
(not yet offered)
Franklin ▇▇▇▇▇▇▇▇▇ Limited Duration Delaware Statutory Trust
Income Trust
Franklin Universal Trust Massachusetts Business Trust