Franklin Universal Trust Reports Asset Allocation (Marketwire)

Mon, 31 Aug 2009 23:59:00 Etc/GM

Franklin Advisers, Inc., is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE:BEN - News), 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 $482 billion in assets under management as of July 31, 2009. For more information, please call 1-800/DIAL BEN� or visit franklintempleton.com.

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FRANKLIN UNIVERSAL TRUST ASSET ALLOCATION at July 31, 2009
==========================================================================
                                  MARKET                      PERCENTAGE
SECURITY                          VALUE                       OF FUND (1)
                              -------------                  -------------
High Yield and Investment
 Grade Corporate Bonds
 & Preferred                  $ 135,752,211                           72.1%

Utilities Common and
 Preferred Stocks             $  49,131,050                           26.1%

Other Investments             $   1,217,215                            0.6%

Cash & Other Net Assets       $   2,082,763                            1.1%
                              -------------                  -------------
Total Investments (1,2)       $ 188,183,239                          100.0%
==========================================================================
10 LARGEST HOLDINGS               MARKET                      PERCENTAGE
 BY ISSUER                        VALUE                       OF FUND (1)
                              -------------                  -------------
FPL Group Inc.                $   4,250,250                            2.3%
Entergy Corp.                 $   4,016,500                            2.1%
Ford Motor Credit Co. LLC     $   3,896,230                            2.1%
Southern Co.                  $   3,768,000                            2.0%
Exelon Corp.                  $   3,560,200                            1.9%
Dominion Resources Inc.       $   3,380,000                            1.8%
HCA Inc.                      $   3,329,545                            1.8%
Charter Communications
 Holdings                     $   3,328,000                            1.8%
Centerpoint Energy Inc.       $   2,730,530                            1.5%
Edison International          $   2,677,160                            1.4%
                              -------------                  -------------
Total (2)                     $  34,936,415                           18.6%
==========================================================================
% OF GROSS ASSETS IN DEFAULT:     MARKET                      PERCENTAGE
ISSUER (3)                        VALUE                       OF FUND (1)
                              -------------                  -------------
Atherton Franchise            $       7,216                            0.0%
Canwest Media Inc.            $   1,010,000                            0.5%
CCH I LLC                     $     103,000                            0.1%
Charter Communications
 Holdings                     $   3,225,000                            1.7%
Dex Media                     $     561,625                            0.3%
Fontainebleau Las Vegas       $      56,000                            0.0%
Idearc Inc.                   $     121,875                            0.1%
Nortel Networks               $     885,000                            0.5%
Station Casinos Inc.          $     361,500                            0.2%
                              -------------                  -------------
Total (2)                     $   6,331,216                            3.4%

Note: The value of these defaulted securities is reflected in the Fund's
net asset value. Percentages are rounded.

==========================================================================
Number of positions                                  151
NAV per share                              $        5.82 (4)
Market price per share                     $        5.00 (4)
Number of shares outstanding                  25,131,894
Asset coverage (Investment Company Act)            448.1%
Total net assets                           $ 146,183,239


(1) Percentage of total investments of the Fund. Total investments of the
    Fund include long-term and short-term investments and other net assets,
    excluding long-term debt issued by the Fund.
(2) Total figures may not represent exact sum of items as a result of
    rounding.
(3) Includes issuers that have defaulted or have missed scheduled bond
    payments.
(4) These figures are rounded to two decimal places.

 
Contact:
Franklin Templeton Investments
Shareholders/Financial Advisors: (800) 342-5236
Media: (650) 312-2245