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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Amazon.com, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Danone SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Apple, Inc.</name>
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        <name>ICON plc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Lloyds Banking Group plc</name>
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        <name>Thales SA</name>
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        <name>Aramark</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Airbus SE</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Tokyo Electron Ltd.</name>
        <lei>549300H5LSF8DP3RIJ34</lei>
        <title>Tokyo Electron Ltd.</title>
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        <name>PNC Financial Services Group, Inc. (The)</name>
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        <name>Credit Agricole Corporate &amp; Investment Bank SA</name>
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        <name>Adobe, Inc.</name>
        <lei>FU4LY2G4933NH2E1CP29</lei>
        <title>Adobe, Inc.</title>
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        <name>Autodesk, Inc.</name>
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        <name>Freeport-McMoRan, Inc.</name>
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        <name>BP plc</name>
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        <name>Royal Bank of Canada</name>
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        <name>BAE Systems plc</name>
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        <name>Medtronic plc</name>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <name>National Bank of Canada</name>
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        <name>SAP SE</name>
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        <invCountry>DE</invCountry>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
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      <invstOrSec>
        <name>Unilever plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Royal Bank of Canada</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>T-Mobile US, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Reliance Industries Ltd.</name>
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        <name>Hemisphere Properties India Ltd.</name>
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        <name>Shell plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Micron Technology, Inc.</name>
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        <name>Infineon Technologies AG</name>
        <lei>TSI2PJM6EPETEQ4X1U25</lei>
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        <name>TJX Cos., Inc. (The)</name>
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        <name>Kenvue, Inc.</name>
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        <name>Persimmon plc</name>
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        <name>CNH Industrial NV</name>
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        <name>AstraZeneca plc</name>
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        <name>Microsoft Corp.</name>
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        <name>Bank of America Corp.</name>
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        <name>Orsted A/S</name>
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        <name>HCA Healthcare, Inc.</name>
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        <name>Union Pacific Corp.</name>
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        <name>Booking Holdings, Inc.</name>
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        <name>UnitedHealth Group, Inc.</name>
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        <name>Visa, Inc.</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>Visa, Inc., Class A</title>
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        <name>Barratt Redrow plc</name>
        <lei>2138006R85VEOF5YNK29</lei>
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        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.78588549"/>
        <valUSD>48002152.70000000</valUSD>
        <pctVal>0.553863115642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyatt Hotels Corp.</name>
        <lei>T27JQIMTYSH41TCD5186</lei>
        <title>Hyatt Hotels Corp., Class A</title>
        <cusip>448579102</cusip>
        <identifiers>
          <isin value="US4485791028"/>
          <other otherDesc="Inhouse Asset ID" value="456359"/>
        </identifiers>
        <balance>869201.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>137281605.94000000</valUSD>
        <pctVal>1.583996002460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Swiss Re AG</name>
        <lei>529900PS9YW3YY29F326</lei>
        <title>Swiss Re AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0126881561"/>
          <other otherDesc="Inhouse Asset ID" value="494656"/>
        </identifiers>
        <balance>699583.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.88095000"/>
        <valUSD>103384398.32000000</valUSD>
        <pctVal>1.192879938534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rolls-Royce Holdings plc</name>
        <lei>213800EC7997ZBLZJH69</lei>
        <title>Rolls-Royce Holdings plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B63H8491"/>
          <other otherDesc="Inhouse Asset ID" value="494810"/>
        </identifiers>
        <balance>39634090.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.78588549"/>
        <valUSD>281935196.61000000</valUSD>
        <pctVal>3.253052157462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2024-12-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Templeton Growth Fund, Inc.</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
