Unitholders of Franklin U.S. Small Cap Growth Fund have voted in favour of expanding the mandate of the fund to include the ability to invest in U.S.
mid-cap companies, says Franklin Templeton Investments Corp.

The fund will be re-named the Franklin U.S. Small-Mid Cap Growth Fund. The changes will take effect on September 20th, 2004 and will also be reflected in the RSP and Tax Class versions of the fund.

“The change to the mandate allows the fund to take advantage of the growth opportunities that exist in the U.S. mid cap market in addition to those in the U.S. small cap market,” says Don Reed, president and CEO of Franklin Templeton Investments Corp.

Managed by San Mateo based Franklin Advisers Inc., the Franklin U.S. Small-Mid Cap Growth Fund defines mid cap companies as having a market
capitalization not exceeding US$8.5 billion at the time of purchase.