FRANKLIN FLOATING RATE TRUST, N-2, EX-99.2(N), 2000-06-20

FRANKLIN FLOATING RATE TRUST
N-2, EX-99.2(N), 2000-06-20

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                        CONSENT OF INDEPENDENT AUDITORS



We consent to the  incorporation by reference in the Registration  Statement of
Franklin  Floating  Rate Trust on Form N-2, of our report  dated  September  8,
1999, on our audit of the  financial  statements  and  financial  highlights of
Franklin  Floating  Rate Trust,  which report is included in the Annual  Report
to  Shareholders  for the year ended July 31, 1999,  filed with the  Securities
and Exchange  Commission  pursuant to section 30(d) of the  Investment  Company
Act  of  1940,   which  is  incorporated  by  reference  in  the   Registration
Statement.  We also  consent to the  reference  to our firm under the  captions
"Financial Highlights" and "Auditor."




                              /s/ PricewaterhouseCoopers LLP


San Francisco, California
June 20, 2000