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Now Franklin brings you a municipal bond fund that offers three key features: • Double Tax Exemptiont • Monthly Dividends • Portfolio of Insured Municipal Bondstt 7.23%* Yield and share price will vary. For example, the net asset value per share on 4/19/88 was 510.31. Call us today! • Based on 4/19188 offering price and an annualization of the Fund\ most recent monthly dividend. The Fund uses a generally accepted accounting principle known as equalization. The value of your investment at redemption may be more or less than your (11.1i. ••A.vsutnes maximum combined 33% Federal income tax rate and CUrren, Michigan State income tax rates. S For those few investors subject to the alternative minimum tax. a portion of the income may he subject to Federal taxes. +*The terms of the insurance are more fully described in the pro- spectus. No representa- tion is made as to any insurer's ability to meet iiA commitments. 11..31%** Equivalent Taxable Yield v ote. _, s4, 11 0 7 Tato'"" Registered Representative 3000 Town Center Suite 2400 Southfield, MI 48075 353 - 5600 Yes'! would like afree prospectus containing more corn- '-F h.14 : plete information on the Franklin Michigan Insured Tax-Free Income Fund, including charges and expenses. 10. I will read it carefully before I invest or send money. Franklin Distributors. In, Name Address City/State/Zip Phone FRANKLIIN Member 32.3 Billion Franklin Group of Funds 10 FRIDAY, APRIL 29, 1988 New York — The Dore Schary Awards, sponsored by the Anti-Defamation League of B'nai B'rith, are open to all undergraduate and graduate students majoring in film or video productions whose works were completed after Jan. 1, 1987. Productions which focus on prejudice and discrimination, ethnic and minority problems, inter- religious understanding, cultural pluralism and safeguarding dembcratic ideals are eligible. The deadline for entries is June 1, 1988. Entries should be sent to Dore Schary Awards, Anti- Defamation League of B'nai B'rith, 823 United Nations Plaza, New York, N.Y. 10017. Entry forms are available from ADL or from college and university film and video departments. Ethnic Divisions Are Shifting New York — Israeli sociologist Prof. Sammy Smooha asserts that the ethnic division between Oriental Jews — mainly those from the Middle East and North Africa — and Ashkenazim — largely Jews from Eastern and Central Europe — is shifting, with the erosion of traditional Ashkenazi dominance and the deepening of divisions within the Oriental Jewish. population itself along lines of class and religious observance. Award Given Tax-Free `Alan G. Yelensky ADL Offers Film Contest Don't walk in pain! 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