FRANKLIN FLOATING RATE TRUST
497J, 1999-12-06
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                            FRANKLIN TEMPLETON GROUP
                          777 Mariners Island Boulevard
                               San Mateo, CA 94404


December 3, 1999


Filed Via EDGAR (CIK #0001041557)
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C.  20549-1004

      RE:   FRANKLIN FLOATING RATE TRUST
            File Nos. 333-88213 and 811-08271

Ladies/Gentlemen:

Pursuant to Rule 497(j)  under the  Securities  Act of 1933,  this is to certify
that the forms of Prospectus and Statement of Additional  Information that would
have been filed  under Rule  497(c) do not differ  from those  contained  in the
Registration  Statement  on Form N-2,  which was filed  electronically  with the
Securities and Exchange Commission on November 23, 1999.


Sincerely yours,

FRANKLIN FLOATING RATE TRUST



/s/ David P. Goss
Senior Corporate Counsel

DPG/ms




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