Article: Franklin Templeton and the Board of Templeton Dragon Fund Strongly Oppose the Harvard College President and Fellows' Shareholder Proposal to Remove Investment Manager.

Business Editors

SAN MATEO, Calif.--(BUSINESS WIRE)--Dec. 11, 2002

Franklin Templeton Investments, whose Templeton Asset Management unit manages Templeton Dragon Fund (the Fund), today responded to a proposal submitted by the President and Fellows of Harvard College for the Fund's 2003 annual meeting of shareholders, calling for the termination of the investment management agreement between the Fund and the manager. The following is a statement by Franklin Templeton Investments in response to that proposal:

"Franklin Templeton Investments strongly opposes the Harvard College President and Fellows' proposal. Templeton Asset Management's primary ...

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