Franklin Templeton Investments Corp. announces Canadian fund merger

TORONTO, Nov. 19 /CNW/ - Franklin Templeton Investments Corp. today announced that the unitholders of Franklin Templeton Canadian Small Cap Fund (the "Terminating Fund") have voted in favour of merging the Terminating Fund into Bissett Small Cap Fund (the "Continuing Fund").  The merger will take effect on or about the close of business on November 26, 2010.  Unitholders of the Terminating Fund will receive units of the Continuing Fund on a dollar-for-dollar and series-by-series basis.

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

Franklin Templeton Investments

Franklin Templeton Investments Corp. is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Bissett, Mutual Series, Fiduciary Trust and Darby investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and more than US$644-billion (C$655-billion) in assets under management as of October 31, 2010.

Franklin Templeton Investments Corp. has more than 600 employees providing services to more than one million unitholder accounts and more than 200 pension funds, foundations and other institutional investors. Additional information on Franklin Templeton Investments Corp. can be found at www.franklintempleton.ca.

For further information:

Media contact:

Keith Damsell, Franklin Templeton Investments Corp., 416.957.6099