Industrial Distribution

Templeton Emerging Markets IT PLC
7 February 2002











  Templeton Emerging Markets Investment Trust Public Limited Company ('TEMIT')

1. On behalf of TEMIT, Franklin Templeton Investment Management Limited reports
at 31st January 2002, TEMIT's investment by industry class was: -


                                                                                  % of total assets

Aerospace & Defence                                                                            0.74%
Automobile Manufacturers                                                                       1.31%
Banks                                                                                          10.01%
Brewers                                                                                        9.21%
Building Products                                                                              0.01%
Casinos & Gaming                                                                               0.93%
Commodity Chemicals                                                                            0.24%
Computer Hardware                                                                              1.48%
Computer Storage & Peripherals                                                                 3.19%
Construction Materials                                                                         4.24%
Consumer Finance                                                                               0.67%
Department Stores                                                                              0.16%
Diversified Financial Services                                                                 1.29%
Electric Utilities                                                                             7.01%
Electronic Equipment & Instruments                                                             1.37%
Food Retail                                                                                    1.55%
Gold                                                                                           2.52%
Highways & Railtracks                                                                          0.39%
Homebuilding                                                                                   0.19%
Hotels                                                                                         0.03%
Household Appliances                                                                           0.43%
Industrial Conglomerates                                                                       5.29%
Industrial Machinery                                                                           1.20%
Integrated Oil & Gas                                                                           7.16%
Integrated Telecommunication Services                                                          9.73%
IT Consulting & Services                                                                       2.48%
Life & Health Insurance                                                                        0.24%
Marine Ports & Services                                                                        1.05%
Multi-Sector Holdings                                                                          0.80%
Oil & Gas Exploration & Production                                                             0.76%
Oil & Gas Refining & Marketing                                                                 4.83%
Packaged Foods                                                                                 2.71%
Paper Packaging                                                                                0.32%
Paper Products                                                                                 1.45%
Pharmaceuticals                                                                                2.29%
Real Estate Management & Development                                                           3.19%
Semiconductors                                                                                 0.40%
Soft Drinks                                                                                    0.85%
Tobacco                                                                                        0.55%
Wireless Telecommunication Services                                                            3.77%



TEMIT's current total of liquid investments, cash and other assets was:-                       3.96%

                                                                                               100.00
Date: 7th February 2002





For information please contact Richard Locke/William Simmonds at Cazenove & Co.
Ltd (0207 588 2828). No representation or warranty is made by Cazenove & Co. Ltd
as to the accuracy or completeness of the information contained in this
announcement and no liability will be accepted for any loss arising from its
use. These figures have been prepared by Franklin Templeton Investments and are
their sole responsibility.








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