0000856119-06-000006 Sample Contracts

SCHEDULE 1

Foreign Custody Manager Agreement • February 27th, 2006 • Franklin Value Investors Trust

• Contract Type
  Foreign Custody Manager Agreement
• Filed
  February 27th, 2006
• Company
  Franklin Value Investors Trust

The following is a list of the Investment Companies and their respective Series for which the Custodian shall serve under the Foreign Custody Manager Agreement dated as of May 16, 2001.

EXHIBIT A

Master Custody Agreement • February 27th, 2006 • Franklin Value Investors Trust

• Contract Type
  Master Custody Agreement
• Filed
  February 27th, 2006
• Company
  Franklin Value Investors Trust

The following is a list of the Investment Companies and their respective Series for which the Custodian shall serve under the Master Custody Agreemen dated as of February 16, 1996.