Franklin Advisers, Inc.

Latest Action: Under the terms of the SEC's order, an Independent Distribution Consultant (IDC) submitted a distribution plan to the SEC. On May 9, 2008, the SEC approved the plan. You can read the SEC's Order Approving the Modified Plan of Distribution and the Modified Plan of Distribution. The SEC anticipates distributions to begin on or before July 31, 2008.

Under the terms of the SEC's Order, an IDC must submit to the SEC a distribution plan for the distribution of the Fair Fund containing $50 million to investors. According to the Commission's Rules of Practice, notice of the proposed Distribution Plan must be published for at least 30 days, specifying how copies of the proposed Distribution Plan may be obtained, and describing the process by which persons may comment on the Plan. On June 6, 2007, the SEC published a Notice of Proposed Distribution Plan and Opportunity for Comment in connection with this matter. As stated in the notice, interested parties can print a copy of the Proposed Distribution Plan from the SEC’s public website or obtain a written copy of the plan by submitting a written request to:

All persons who want to comment on the Proposed Distribution Plan may submit their comments, in writing, no later than July 6, 2007. Comments received will be publicly available. Persons should submit only information that they wish to make publicly available.

http://www.sec.gov/divisions/enforce/claims/franklinadv.htm