Article: Harvard University, Templeton China World Fund, Inc., Templeton Dragon Fund, Inc. and Templeton Asset Management Ltd. Settle Lawsuit.

Business Editors/Legal Writers

FORT LAUDERDALE, Fla. & BOSTON--(BUSINESS WIRE)--March 20, 2003

Templeton China World Fund (NYSE:TCH):

-- Harvard University Withdraws Its Templeton China World Shareholder Proposals and Supports Templeton China World's Open-Ending Proposal with an in-Kind Distribution Feature

-- Harvard University Withdraws Its Templeton Dragon Shareholder Proposals; Templeton Dragon to Make Cash Tender Offer for 15% of Its Outstanding Shares at 92.5% of Net Asset Value Per Share

-- Templeton Dragon to Seek Authority to Make in-Kind Tender Offers

Templeton China World Fund, Inc. (NYSE:TCH), a closed-end ...

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