<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
FLOATING RATE TRUST JULY 31, 2000 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRET
Y BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 011
<NAME> FRANKLIN FLOATING RATE TRUST
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-END> JUL-31-2000
<INVESTMENTS-AT-COST> 2,521,439,535
<INVESTMENTS-AT-VALUE> 2,497,750,931
<RECEIVABLES> 57,650,117
<ASSETS-OTHER> 54,280
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,555,455,328
<PAYABLE-FOR-SECURITIES> 545,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13,413,599
<TOTAL-LIABILITIES> 13,958,599
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,565,807,566
<SHARES-COMMON-STOCK> 258,046,114
<SHARES-COMMON-PRIOR> 110,821,530
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (618,246)
<ACCUM-APPREC-OR-DEPREC> (23,692,591)
<NET-ASSETS> 2,541,496,729
<DIVIDEND-INCOME> 5,075,979
<INTEREST-INCOME> 175,654,216
<OTHER-INCOME> 0
<EXPENSES-NET> (24,789,734)
<NET-INVESTMENT-INCOME> 155,940,461
<REALIZED-GAINS-CURRENT> 1,485,304
<APPREC-INCREASE-CURRENT> (27,283,820)
<NET-CHANGE-FROM-OPS> 130,141,945
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (155,913,087)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 179,578,847
<NUMBER-OF-SHARES-REDEEMED> (43,719,061)
<SHARES-REINVESTED> 11,364,798
<NET-CHANGE-IN-ASSETS> 1,435,133,721
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (2,130,924)
<GROSS-ADVISORY-FEES> (14,368,694)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (24,789,734)
<AVERAGE-NET-ASSETS> 1,831,464,913
<PER-SHARE-NAV-BEGIN> 9.980
<PER-SHARE-NII> .839
<PER-SHARE-GAIN-APPREC> (.130)
<PER-SHARE-DIVIDEND> (.839)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 9.850
<EXPENSE-RATIO> 1.350
<FN>
</FN>
</TABLE>
