DEPARTMENT OF LABOR
Employment and Training Administration
BUSINESS CONFIDENTIAL

TA-W-55,070

FRANKLIN RESOURCES, INC.
FRANKLIN TEMPLETON SERVICES, LLC
GLOBAL EQUITY TRADING
FT. LAUDERDALE, FLORIDA

Negative Determination Regarding Eligibility
To Apply For Worker Adjustment Assistance and
Alternative Trade Adjustment Assistance

In accordance with Section 223 of the Trade Act of 1974, as
amended (19 USC 2273), the Department of Labor herein presents
the results of an investigation regarding certification of
eligibility to apply for worker adjustment assistance.
The investigation was initiated on June 14, 2004 in
response to a petition filed by the State of Florida on behalf
of workers of Franklin Resources, Inc., Franklin Templeton
Services, LLC, Global Equity Trading, Ft. Lauderdale, Florida.
The workers were engaged in global equity trading for Franklin
Resources Inc.'s customers.
The investigation found that Franklin Resources, Inc. is a
financial services provider (FSP). An FSP is a company that
provides customers and businesses with among other things
financial information and advice in order to increase their net
wealth. Franklin Resources, Inc. does not make any products or
articles of any kind in its entire corporate structure.
The investigation revealed that Franklin Resources, Inc.,
Franklin Templeton Services, LLC, Global Equity Trading, Ft.
Lauderdale, Florida, does not produce an article within the
meaning of Section 222(a)(2) of the Act. In order to be
considered eligible to apply for adjustment assistance under
Section 223 of the Trade Act of 1974, the worker group seeking
certification (or on whose behalf certification is being sought)
must work for a "firm" or appropriate subdivision that produces
an article and there must be a relationship between the workers'
work and the article produced by the workers' firm or
appropriate subdivision. The workers of the subject firm do not
support a firm or appropriate subdivision that produces an
article domestically and thus the worker group can not be
considered import impacted or affected by a shift in production
of an article.
In addition, in accordance with Section 246 the Trade Act
of 1974 (26 USC 2813), as amended, the Department of Labor
herein presents the results of its investigation regarding
certification of eligibility to apply for alternative trade
adjustment assistance (ATAA) for older workers.
In order for the Department to issue a certification of
eligibility to apply for ATAA, the worker group must be
certified eligible to apply for trade adjustment assistance
(TAA). Since the workers are denied eligibility to apply for
TAA, the workers cannot be certified eligible for ATAA.
Conclusion
After careful review, of the facts obtained in this
investigation, I determine that all workers of Franklin
Resources, Inc., Franklin Templeton Services, LLC, Global Equity
Trading, Ft. Lauderdale, Florida are denied eligibility to apply
for adjustment assistance under Section 223 of the Trade Act of
1974, and alternative trade adjustment assistance under Section
246 of the Trade Act of 1974 as amended.
Signed in Washington, D.C., this 2nd day of July, 2004.

/s/ Linda G. Poole
______________________________
LINDA G. POOLE
Certifying Officer, Division of
Trade Adjustment Assistance