AMENDMENT TO MASTER CUSTODY AGREEMENT

AMENDMENT TO MASTER CUSTODY AGREEMENT

SCHEDULE 1

The following is a list of the Investment Companies and their respective Series for which the Custodian shall serve under the Amendment dated May 16, 2001 to that certain Master Custody Agreement dated as of February 16, 1996.

INVESTMENT COMPANY	ORGANIZATION	SERIES ---(if applicable)
Franklin Alternative Strategies Funds	Delaware Statutory Trust	Xxxxxxxx Xxxxxxx Commodities Strategy Fund Franklin Managed Futures Strategy Fund
Franklin Custodian Funds	Delaware Statutory Trust	Franklin Dynatech Fund Franklin Growth Fund Franklin Income Fund Franklin Utilities Fund
Franklin Floating Rate Master Trust	Delaware Statutory Trust	Franklin Floating Rate Master Series
Franklin Global Trust	Delaware Statutory Trust	Franklin Global Real Estate Fund Franklin International Growth Fund Franklin International Small Cap Growth Fund Franklin Large Cap Equity Fund Xxxxxxxx Xxxxxxxxx Emerging Market Debt Opportunities Fund
Franklin Gold and Precious Metals Fund	Delaware Statutory Trust
Franklin High Income Trust	Delaware Statutory Trust	Franklin High Income Fund

BNY Amend Master Custody Schedule 1                                                                                                  1                                                                               Revised as of 1-5-12

INVESTMENT COMPANY	ORGANIZATION	SERIES ---(if applicable)
Franklin Investors Securities Trust	Delaware Statutory Trust	Franklin Balanced Fund Franklin Convertible Securities Fund Franklin Equity Income Fund Franklin Floating Rate Daily Access Fund Franklin Low Duration Total Return Fund Franklin Real Return Fund Franklin Total Return Fund
Xxxxxxxx Managed Trust	Delaware Statutory Trust	Franklin Rising Dividends Fund
Franklin Mutual Series Funds	Delaware Statutory Trust	Mutual Beacon Fund Mutual European Fund Mutual Financial Services Fund Mutual Global Discovery Fund Mutual International Fund Mutual Quest Fund Mutual Shares Fund
Franklin Real Estate Securities Trust	Delaware Statutory Trust	Franklin Real Estate Securities Fund
Franklin Strategic Mortgage Portfolio	Delaware Statutory Trust
Franklin Strategic Series	Delaware Statutory Trust	Franklin Biotechnology Discovery Fund Franklin Flex Cap Growth Fund Franklin Focused Core Equity Fund Franklin Growth Opportunities Fund Franklin Natural Resources Fund Franklin Small Cap Growth Fund Franklin Small-Mid Cap Growth Fund Franklin Strategic Income Fund

BNY Amend Master Custody Schedule 1                                                                                                  2                                                                               Revised as of 1-5-12

INVESTMENT COMPANY	ORGANIZATION	SERIES ---(if applicable)
Xxxxxxxx Xxxxxxxxx Fund Allocator Series	Delaware Statutory Trust	Xxxxxxxx Xxxxxxxxx Conservative Allocation Fund Xxxxxxxx Xxxxxxxxx Corefolio Allocation Fund Xxxxxxxx Xxxxxxxxx Founding Funds Allocation Fund Franklin Xxxxxxxxx Growth Allocation Fund Xxxxxxxx Xxxxxxxxx Moderate Allocation Fund Xxxxxxxx Xxxxxxxxx Multi-Asset Real Return Fund Xxxxxxxx Xxxxxxxxx 2015 Retirement Target Fund Xxxxxxxx Xxxxxxxxx 2025 Retirement Target Fund Franklin Xxxxxxxxx 2035 Retirement Target Fund Xxxxxxxx Xxxxxxxxx 2045 Retirement Target Fund
Xxxxxxxx Xxxxxxxxx International Trust	Delaware Statutory Trust	Franklin India Growth Fund Xxxxxxxx Xxxxxxxxx Global Allocation Fund Franklin World Perspectives Fund
Franklin Xxxxxxxxx Variable Insurance Products Trust	Delaware Statutory Trust	Franklin Flex Cap Growth Securities Fund Franklin Global Real Estate Securities Fund Franklin Growth and Income Securities Fund
		Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Large Cap Value Securities Fund Franklin Rising Dividends Securities Fund Franklin Small Mid-Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin Strategic Income Securities Fund Franklin U.S. Government Fund Mutual Global Discovery Securities Fund Mutual International Securities Fund Mutual Shares Securities Fund Xxxxxxxxx Global Bond Securities Fund

BNY Amend Master Custody Schedule 1                                                                                                  3                                                                               Revised as of 1-5-12

INVESTMENT COMPANY	ORGANIZATION	SERIES ---(if applicable)
Franklin Value Investors Trust	Massachusetts Business Trust	Franklin All Cap Value Fund Franklin Balance Sheet Investment Fund Franklin Large Cap Value Fund Franklin MicroCap Value Fund Xxxxxxxx XxxXxx Value Fund Franklin Small Cap Value Fund
Xxxxxxxxx Global Investment Trust	Delaware Statutory Trust	Xxxxxxxxx Global Balance Fund (formerly Xxxxxxxxx Income Fund)
Xxxxxxxxx Income Trust	Delaware Statutory Trust	Xxxxxxxxx Global Total Return Fund Xxxxxxxxx International Bond Fund
CLOSED END FUNDS:
Franklin Mutual Recovery Fund Franklin Xxxxxxxxx Limited Duration Income Trust	Delaware Statutory Trust Delaware Statutory Trust
Franklin Universal Trust	Massachusetts Business Trust