Franklin Fund Switches Lead Manager

S&P Rank: 4 Stars Good Prognoses for Drug Stocks

Jan. 30, 2003 -- Derek Taner, who has helped run the

Franklin Strategic Srs:Global Health Care/A (FKGHX) since last year, has

been named lead manager, succeeding Evan McCullough, who continues as a

member of the team that oversees the $101-million fund.

McCullough, who has been with the fund since 1994, relinquished the lead

role to spend more time on the Franklin Biotechnology Discovery Fund/A (FBDIX)

that he also runs, a spokeswoman for Franklin Templeton funds said.

The fund company also said Matthew Willey joined Rupert Johnson,

Franklin's chief executive, as a co-manager of the Global Health Care Fund.

Willey previously was a health care analyst with the fund complex.

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