Templeton
Growth
Fund,
Inc.
Investment
income:
Dividends:
(net
of
foreign
taxes
of
$7,077,533)
Unaffiliated
issuers
........................................................................
$67,743,325
Interest:
Unaffiliated
issuers
........................................................................
116,530
Income
from
securities
loaned:
Unaffiliated
entities
(net
of
fees
and
rebates)
.....................................................
2,771
Other
income
(Note
1
d
)
......................................................................
144,198,499
Less:
IRS
closing
agreement
fees
for
European
Union
tax
reclaims
(Note
1
d
)
..............................
(49,087,359)
Total
investment
income
...................................................................
162,973,766
Expenses:
Management
fees
(Note
3
a
)
...................................................................
35,234,756
Distribution
fees:
(Note
3c
)
Class
A
................................................................................
10,568,445
Class
C
................................................................................
619,682
Class
R
................................................................................
145,330
Transfer
agent
fees:
(Note
3e
)
Class
A
................................................................................
3,323,380
Class
C
................................................................................
48,671
Class
R
................................................................................
22,974
Class
R6
...............................................................................
131,480
Advisor
Class
............................................................................
152,196
Custodian
fees
.............................................................................
368,472
Reports
to
shareholders
......................................................................
422,956
Registration
and
filing
fees
....................................................................
90,570
Professional
fees
...........................................................................
95,675
Directors'
fees
and
expenses
..................................................................
224,555
Other
....................................................................................
135,196
Total
expenses
.........................................................................
51,584,338
Expenses
waived/paid
by
affiliates
(Note
3
f
and
3
g
)
..............................................
(711)
Net
expenses
.........................................................................
51,583,627
Net
investment
income
................................................................
111,390,139
Realized
and
unrealized
gains
(losses):
Net
realized
gain
(loss)
from:
Investments:
Unaffiliated
issuers
......................................................................
240,293,656
Foreign
currency
transactions
................................................................
16,025,260
Net
realized
gain
(loss)
..................................................................
256,318,916
Net
change
in
unrealized
appreciation
(depreciation)
on:
Investments:
Unaffiliated
issuers
......................................................................
1,036,600,629
Translation
of
other
assets
and
liabilities
denominated
in
foreign
currencies
..............................
(18,975,664)
Net
change
in
unrealized
appreciation
(depreciation)
............................................
1,017,624,965
Net
realized
and
unrealized
gain
(loss)
............................................................
1,273,943,881
Net
increase
(decrease)
in
net
assets
resulting
from
operations
..........................................
$1,385,334,020