Holding in Company

Templeton Emerging Markets IT PLC
31 May 2001


                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

     Templeton Emerging Markets Investment Trust PLC


2) Name of shareholder having a major interest


AXA S.A.

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18

     as in 2)above

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

     HSBC Global Custody Nominee (UK) Limited = 17,037,711 Ordinary Shares

Smith & Williamson Nominees Ltd = 244,801 Ordinary Shares

RBSTB Nominees designation Sunpen = 278,666 Ordinary Shares

Sun Life International Isle of Man Limited A/C = 70,720 Ordinary Shares


5) Number of shares/amount of stock acquired

     Not Disclosed

6) Percentage of issued class

     Not Disclosed

7) Number of shares/amount of stock disposed

     Not Disclosed

8) Percentage of issued class

     Not Disclosed

9) Class of security

     Ordinary 25p Shares

10) Date of transaction

     Not Disclosed

11) Date company informed

     31 May 2001

12) Total holding following this notification


17,631,898

13) Total percentage holding of issued class following this notification

     3.86%

14) Any additional information

     None

15) Name of contact and telephone number for queries

     Barbara McFarlane - 0131 242 4129

16) Name and signature of authorised company official responsible for
making this notification

     Barbara McFarlane, Company Secretarial Assistant for Franklin Templeton
     Investment Management Limited, Secretaries to Templeton Emerging Markets
     Investment Trust PLC

Date of notification 31 May 2001