Matthew joined Franklin Templeton Investments in 2005. Previously, he was an equity analyst with Smith Barney, Bear Stearns and Robertson Stephens.
Mr. Fromm has been a portfolio manager of the Fund since 2005, providing research and advice on the purchases and sales of individual securities, and portfolio risk assessment. He joined Franklin Templeton in 1992.
Stephen M. Land, CFA, Portfolio Manager of Franklin Advisers, Inc. Mr. Land has been lead portfolio manager. He has final authority over all aspects of the Fund's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated investment management requirements. The degree to which he may perform these functions, and the nature of these functions, may change from time to time. He joined Franklin Templeton Investments in 1997.