RNS Number:6492J
Templeton Emerging Markets IT PLC
04 April 2003



On behalf of TEMIT, Franklin Templeton Investment Management Limited reports the
Top Ten Holdings in TEMIT as at 31st March 2003 as follows:-




   Country                      Security                                 Industry               % of Total Net
                                                                                                    Assets
   China      China Petroleum & Chemical Corp., H           Integrated Oil & Gas                     4.64
Austria       OMV AG                                        Oil & Gas Refining & Marketing           3.46
Thailand      Siam Commercial Bank, 5.25%, cvt. pfd., fgn.  Banks                                    3.22
Hungary       Gedeon Richter Ltd.                           Pharmaceuticals                          3.14
Brazil        Unibanco Uniao de Bancos Brasileiros SA, GDR  Banks                                    3.07
Brazil        Banco Bradesco SA, ADR, pfd.                  Banks                                    2.89
Hungary       MOL Magyar Olaj-Es Gazipari RT                Oil & Gas Refining & Marketing           2.31
Hong Kong     Dairy Farm International Holdings Ltd.        Food Retail                              2.23
Turkey        Akbank                                        Banks                                    2.17
Poland        Polski Koncern Naftowy Orlen SA               Oil & Gas Refining & Marketing           2.05



For information please contact David Bliss/Will Rogers at UBS Warburg Ltd (0207
567 8000).  No representation or warranty is made by UBS Warburg Ltd as to the
accuracy or completeness of the information contained in this announcement and
no liability will be accepted for any loss arising from its use.  These figures
have been prepared by Franklin Templeton Investments and are their sole
responsibility.



Date: 4th April 2003



End of Announcement.




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