<PAGE> PAGE 1
000 A000000 01/31/2000
000 C000000 0001041557
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 FRANKLIN FLOATING RATE TRUST
001 B000000 811-08271
001 C000000 6503122000
002 A000000 777 MARINERS ISLAND BOULEVARD
002 B000000 SAN MATEO
002 C000000 CA
002 D010000 94404
002 D020000 1585
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 FRANKLIN ADVISERS, INC.
008 B000001 A
008 C000001 801-26292
008 D010001 SAN MATEO
008 D020001 CA
008 D030001 94404
008 D040001 1585
010 A000001 FRANKLIN TEMPLETON SERVICES, INC.
010 C010001 SAN MATEO
010 C020001 CA
010 C030001 94404
010 C040001 1585
011 A000001 FRANKLIN TEMPLETON DISTRIBUTORS, INC.
011 B000001 8-5889
011 C010001 SAN MATEO
011 C020001 CA
011 C030001 94404
011 C040001 1585
<PAGE> PAGE 2
012 A000001 FRANKLIN TEMPLETON INVESTOR SERVICES, INC.
012 B000001 84-1036
012 C010001 SAN MATEO
012 C020001 CA
012 C030001 94404
012 C040001 1585
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 SAN FRANCISCO
013 B020001 CA
013 B030001 94105
013 B040001 2119
014 A000001 FRANKLIN TEMPLETON DISTRIBUTORS, INC.
014 B000001 8-5889
015 A000001 BANK OF NEW YORK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10286
015 E010001 X
015 A000002 FRANKLIN/TEMPLETON INVESTOR SERVICES, INC.
015 B000002 S
015 C010002 SAN MATEO
015 C020002 CA
015 C030002 94404
015 C040002 1585
015 E030002 X
015 A000003 BANKBOSTON, N.A.
015 B000003 S
015 C010003 BUENOS AIRES
015 D010003 ARGENTINA
015 E040003 X
015 A000004 PARIBAS
015 B000004 S
015 C010004 ATHENS
015 D010004 GREECE
015 E040004 X
015 A000005 BANCA COMMERCIALE ITALIANA (BCI)
015 B000005 S
015 C010005 MILAN
015 D010005 ITALY
015 E040005 X
015 A000006 THE BRITISH BANK OF THE MIDDLE EAST
015 B000006 S
015 C010006 AMMAN
015 D010006 JORDAN
015 E040006 X
015 A000007 HSBC BANK MALAYSIA BERHAD
015 B000007 S
015 C010007 KUALA LUMPUR
015 D010007 MALAYSIA
015 E040007 X
<PAGE> PAGE 3
015 A000008 CITIBANK, N.A.
015 B000008 S
015 C010008 LIMA
015 D010008 PERU
015 E040008 X
015 A000009 STANDARD CHARTERED BANK (SCB)
015 B000009 S
015 C010009 COLOMBO
015 D010009 SRI LANKA
015 E040009 X
015 A000010 SKANDINAVISKA ENSKILDA BANKEN (SEB)
015 B000010 S
015 C010010 STOCKHOLM
015 D010010 SWEDEN
015 E040010 X
015 A000011 OSMANLI BANKASI A.S. (OTTOMAN BANK)
015 B000011 S
015 C010011 ISTANBUL
015 D010011 TURKEY
015 E040011 X
018 000000 Y
019 A000000 Y
019 B000000 234
019 C000000 FRNKTEMGRP
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
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020 C000008 0
020 C000009 0
020 C000010 0
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<PAGE> PAGE 4
022 C000009 0
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023 C000000 0
023 D000000 0
024 000000 N
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
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026 G010000 N
026 G020000 N
026 H000000 N
027 000000 N
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.800
048 A010000 0
048 A020000 0.000
048 B010000 0
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048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 Y
053 B000000 Y
054 A000000 Y
054 B000000 Y
<PAGE> PAGE 5
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
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055 B000000 N
056 000000 N
057 000000 N
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059 000000 Y
060 A000000 N
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061 000000 1000
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062 C000000 0.0
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062 N000000 0.0
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062 P000000 95.5
062 Q000000 0.0
062 R000000 2.7
063 A000000 0
063 B000000 6.0
064 A000000 N
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
<PAGE> PAGE 6
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 N
070 M010000 Y
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 1223893
071 B000000 577126
071 C000000 1379424
071 D000000 42
072 A000000 6
072 B000000 68252
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072 D000000 0
072 E000000 0
072 F000000 5830
072 G000000 835
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072 J000000 7
072 K000000 27
072 L000000 8
072 M000000 4
<PAGE> PAGE 7
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072 S000000 18
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072 Y000000 189
072 Z000000 59141
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072CC020000 0
072DD010000 59141
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073 A010000 0.4000
073 A020000 0.0000
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074 A000000 0
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074 E000000 0
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074 R030000 0
074 R040000 6885
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074 T000000 1773356
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074 U020000 0
074 V010000 9.96
074 V020000 0.00
<PAGE> PAGE 8
074 W000000 0.0000
074 X000000 39393
074 Y000000 0
075 A000000 0
075 B000000 1464438
076 000000 9.96
077 A000000 Y
077 Q010000 Y
078 000000 N
080 C000000 0
081 B000000 0
082 B000000 0
086 A010000 81980
086 A020000 0
086 B010000 14789
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
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088 A000000 N
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088 D000000 N
SIGNATURE KIMBERLEY MONASTERIO
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
FLOATING RATE TRUST JANUARY 31, 2000 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 011
<NAME> FRANKLIN FLOATING RATE TRUST
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-END> JAN-31-2000
<INVESTMENTS-AT-COST> 1,735,056,874
<INVESTMENTS-AT-VALUE> 1,740,577,372
<RECEIVABLES> 41,300,366
<ASSETS-OTHER> 262,000
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,782,139,738
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8,783,586
<TOTAL-LIABILITIES> 8,783,586
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,773,031,095
<SHARES-COMMON-STOCK> 178,012,157
<SHARES-COMMON-PRIOR> 110,821,530
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (5,195,441)
<ACCUM-APPREC-OR-DEPREC> 5,520,498
<NET-ASSETS> 1,773,356,152
<DIVIDEND-INCOME> 1,145,588
<INTEREST-INCOME> 68,252,230
<OTHER-INCOME> 0
<EXPENSES-NET> (10,256,964)
<NET-INVESTMENT-INCOME> 59,140,854
<REALIZED-GAINS-CURRENT> (3,064,517)
<APPREC-INCREASE-CURRENT> 1,929,269
<NET-CHANGE-FROM-OPS> 58,005,606
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (59,140,854)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 77,620,641
<NUMBER-OF-SHARES-REDEEMED> (14,788,647)
<SHARES-REINVESTED> 4,358,633
<NET-CHANGE-IN-ASSETS> 666,993,144
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (2,130,924)
<GROSS-ADVISORY-FEES> (5,829,827)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (10,445,598)
<AVERAGE-NET-ASSETS> 1,464,437,648
<PER-SHARE-NAV-BEGIN> 9.980
<PER-SHARE-NII> .400<F1>
<PER-SHARE-GAIN-APPREC> (.020)<F1>
<PER-SHARE-DIVIDEND> (.400)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 9.960
<EXPENSE-RATIO> 1.400<F2>
<FN>
<F1>BASED ON AVERAGE SHARES OUTSTANDING
</FN>
<FN>
<F2>ANNUALIZED
</FN>
</TABLE>
