Franklin Universal Trust Declares Monthly Dividend

Franklin Universal Trust (NYSE:FT), a closed-end investment company managed by Franklin Advisers, Inc., announced today a dividend of $0.038 per share, payable February 13, 2009, to shareholders of record on January 30, 2009 (Ex-Dividend Date: January 28, 2009).

Franklin Advisers, Inc. is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE:BEN), 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 $416 billion in assets under management as of December 31, 2008. For more information, please call 1-800/DIAL BEN^® or visit franklintempleton.com.