AMENDMENT TO FUND ADMINISTRATION AGREEMENT

                                  AMENDMENT TO
                          FUND ADMINISTRATION AGREEMENT

     This Amendment  dated as of January 1, 2001, is to the Fund  Administration
Agreement made as of October 1, 1996 (the  "Agreement") by and between  Franklin
Xxxxxxxxx Services,  Inc., a Florida  corporation  ("FTSI") and Templeton Global
Opportunities Trust (the "Trust").

                                   WITNESSETH:

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

     WHEREAS,  FTSI merged into  FRANKLIN  XXXXXXXXX  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. FTSI's name is henceforth to be known as "Franklin Xxxxxxxxx
             Services, LLC."

          2. All references to FTSI 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 SERVICES, LLC


                                          By:/s/XXXXX X. XXXXXXXXX
                                             --------------------------------




                                          TEMPLETON GLOBAL OPPORTUNITIES TRUST


                                          By:/s/XXXXXXX X. XXXXX
                                             ----------------------------------