Top Ten Holdings

Templeton Emerging Markets IT PLC
04 October 2004


           Templeton Emerging Markets Investment Trust PLC ("TEMIT")

On behalf of TEMIT, Franklin Templeton Investment Management Limited reports the
Top Ten Holdings in TEMIT as at 30th September 2004 as follows: -

Country     Security                       Industry              % Of total net
                                                                 assets
China -     China Petroleum & Chemical     Integrated Oil &               5.84
HK          Corp., H                       Gas
Korea       SK Corp.                       Oil & Gas Refining &           4.37
(South)                                    Marketing
Turkey      Akbank                         Diversified Banks              3.96
Hungary     Gedeon Richter Ltd.            Pharmaceuticals                3.43
Brazil      Unibanco Uniao de Bancos       Diversified Banks              3.10
            Brasileiros SA, GDR
Brazil      Centrais Electricas            Electric Utilities             3.01
            Brasileiras SA
Singapore   Dairy Farm International       Food Retail                    2.96
            Holdings Ltd.
Hungary     Mol Magyar Olaj-Es Gazipari    Oil & Gas Refining &           2.92
            RT                             Marketing
Poland      Polski Koncern Naftowy Orlen   Oil & Gas Refining &           2.84
            SA                             Marketing
Korea       Hyundai Development Co.        Construction &                 2.72
(South)                                    Engineering

For information please contact David Bliss/Will Rogers at UBS Limited (0207 567
8000). No representation or warranty is made by UBS Limited 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.

Date: 4th October 2004

End of Announcement.




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