Top Ten Holding

Templeton Emerging Markets IT PLC
03 October 2003


           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 2003 as follows: -


Country    Security                       Industry              % of total net
                                                                assets

China      China Petroleum & Chemical     Integrated Oil &                4.69
           Corp., H                       Gas
Turkey     Akbank                         Diversified Banks               3.53
Hungary    Gedeon Richter Ltd.            Pharmaceuticals                 3.51
Brazil     Unibanco Uniao de Bancos       Diversified Banks               3.21
           Brasileiros SA, GDR
Thailand   Siam Commercial Bank, 5.25%,   Diversified Banks               2.98
           cvt. pfd., fgn.
Austria    OMV AG                         Oil & Gas Refining &            2.80
                                          Marketing
Turkey     Tupras-Turkiey Petrol          Oil & Gas Refining &            2.78
           Rafineleri AS                  Marketing
Brazil     Banco Bradesco SA, ADR, pfd.   Diversified Banks               2.47
South      Hyundai Development Co.        Construction &                  2.25
Korea                                     Engineering
Poland     Polski Koncern Naftowy Orlen   Oil & Gas Refining &            2.21
           SA                             Marketing



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


Date: 3rd October 2003

End of Announcement.


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