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Franklin Templeton Variable Insurance Products Trust, our insurance products trust, offers 22 funds toU.S. investors, with assets of $27.8 billion as of September 30, 2009. Our insurance products funds areavailable as investment options through variable insurance contracts and are also sold to certain funds offunds. Most of the insurance products funds have been fashioned after some of our more popular retail U.S.Funds offered to the general public and are managed, in most cases, by the same investment advisors.We also provide investment management and related services to a number of closed-end investmentcompanies whose shares are traded on various major U.S. stock exchanges. Our closed-end U.S. Fundsaccounted for $4.2 billion of our assets under management.In addition, $94.3 billion of our assets under management were held in open-end and closed-end fundsthat are sold outside of the United States, and whose investment objectives vary, but are largelyinternational and global equity and global fixed-income oriented. We provide investment management,marketing and distribution services to SICAV funds, contract-type funds and umbrella unit trusts organizedin Luxembourg and Ireland, respectively, which are distributed in non-U.S. market places, as well as tolocally organized funds in various countries outside the United States. In some countries, we offer productsfor the particular local market. For example, Franklin Templeton Asset Management (India) PrivateLimited, one of our subsidiaries in India, manages various local open-end and closed-end funds offered toinvestors in India, with assets under management of $5.9 billion as of September 30, 2009.Our private investment funds, typically structured as limited partnerships or companies, which includeour Darby products, accounted for $2.3 billion of our assets under management.On a company-wide basis, our institutional, separate, high net-worth and other accounts accounted for$121.2 billion of assets under management.14