FRANK H. ABBOTT, III - Corporate Board Profile

FRANKLIN UNIVERSAL TRUST

Filing Date	Source Excerpt
2001-04-12	Frank H. Abbott, III President and Director, None 766,519 TRUSTEE SINCE 1988 Abbott Corporation (an investment company); director or trustee, as the case may be, of 28 Franklin Templeton funds; and FORMERLY, Director, MotherLode Gold Mines Consolidated (gold mining) (until 1996) and Vacu-Dry Co. (food processing) (until 1996). Age 80. HOW OFTEN DO THE TRUSTEES MEET AND WHAT ARE THEY PAID? The role of the Trustees is to provide general oversight of the Fund's business, and to ensure that the Fund is operated for the benefit of shareholders. The Trustees anticipate meeting at least 11 times during the current fiscal year to review the operations of the Fund and the Fund's investment performance. The Trustees also oversee the services furnished to the Fund by Franklin Advisers, Inc., the Fund's investment manager (the "Investment Manager"), and various other service providers. The Fund pays the Independent Trustees $225 per month plus $120 per meeting attended. Board members who serve on the Audit Committee of the Fund and other Franklin Templeton funds receive a flat fee of $2,000 per committee meeting attended, a portion of which is allocated to the Fund. Members of a committee are not compensated for any committee meeting held on the day of a Board meeting. During the fiscal year ended August 31, 2000, there were 11 meetings of the Board and two meetings of the Audit Committee. Each of the Trustees attended at least 75% of the total number of meetings of the Board. There was 100% attendance at the meeting of the Audit Committee. NUMBER OF BOARDS WITHIN TOTAL FEES THE FRANKLIN AGGREGATE RECEIVED FROM TEMPLETON FUNDS COMPENSATION THE FRANKLIN ON WHICH FROM THE TEMPLETON TRUSTEE NAME OF TRUSTEE FUND* FUNDS SERVES* ------------------------------------------------------------------------------- Frank H. Abbott, III $2,969 $156,953 28 For the fiscal year ended August 31, 2000. For the calendar year ended December 31, 2000. **We base the number of boards on the number of registered Franklin Templeton funds. This number does not include the total number of series or funds within each investment company for which the Board members are responsible. The Franklin Templeton funds currently includes 52 registered investment companies, with approximately 156 U.S. based funds or series. The table above indicates the total fees paid to Trustees by the Fund individually and all of the Franklin Templeton funds. These Trustees also serve as directors or trustees of other Franklin Templeton funds, many of which hold meetings at different dates and times. The Trustees and the Fund's management believe that having the same individuals serving on the boards of many of the Franklin Templeton funds enhances the ability of each fund to obtain, at a relatively modest cost to each separate fund, the services of high caliber, experienced and knowledgeable Independent Trustees who can more effectively oversee the management of the funds.
2002-01-14	FRANK H. ABBOTT, III President and Director, Abbott Corporation (an investment company); director or trustee, as the case may be, of 28 of the investment companies in Franklin Templeton Investments; and formerly, Director, MotherLode Gold Mines Consolidated (gold mining) (until 1996) and Vacu-Dry Co. (food processing) (until 1996). Age 80.
2003-01-21	FRANK H. ABBOTT, III (81) Trustee Since 1988 ... The Fund pays the Independent Trustees $225 per month plus $120 per meeting attended. ... During the fiscal year ended August 31, 2002, there were 10 meetings of the Board and two meetings of the Audit Committee. ... Frank H. Abbott, III $2,919 $163,214 28