AMENDMENT TO TRANSFER AGENT AGREEMENT

                                  AMENDMENT TO
                            TRANSFER AGENT AGREEMENT

     This  Amendment  dated as of  January  1, 2001,  is to the  Transfer  Agent
Agreement made as of September 1, 1993 and subsequently  amended and restated on
August  10,  1995 and July 1, 1996 (the  "Agreement")  by and  between  Franklin
Xxxxxxxxx Investor Services, Inc., a Florida corporation ("FTISI") and Templeton
Global Opportunities Trust (the "Trust").

                                   WITNESSETH:

     WHEREAS, both FTISI and the Trust wish to amend the Agreement;

     WHEREAS,  FTISI merged into FRANKLIN XXXXXXXXX  INVESTOR  SERVICES,  LLC, a
Delaware limited liability company, a successor entity, on January 1, 2001;

     NOW,  THEREFORE,  in consideration of the foregoing  premises,  the parties
hereto agree as follows:

          1. FTISI's name is  henceforth  to be known as  "Franklin  Xxxxxxxxx
             Investor Services, LLC."

          2. All references  to FTISI being a "Florida Corporation" in the
             Agreement are hereby changed to a "Delaware limited liability
             company."

     IN WITNESS  WHEREOF,  this  Amendment  has been  executed on behalf of each
party as of the date set forth above.

                                    FRANKLIN XXXXXXXXX INVESTOR SERVICES, LLC


                                    By:/s/XXXXXX X. XXXXXXXX
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                                    TEMPLETON GLOBAL OPPORTUNITIES TRUST

                                    By:/s/XXXXXXX X. XXXXX
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