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001 A000000 FRANKLIN CALIFORNIA TAX-FREE INCOME FUND,INC.
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001 C000000 4153122000
002 A000000 777 MARINERS ISLAND BOULEVARD
002 B000000 SAN MATEO
002 C000000 CA
002 D010000 94404
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008 B000001 A
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008 D010001 SAN MATEO
008 D020001 CA
008 D030001 94403
008 D040001 7777
011 A000001 FRANKLIN/TEMPLETON DISTRIBUTORS, INC.
011 B000001 8-5889
011 C010001 SAN MATEO
011 C020001 CA
011 C030001 94403
011 C040001 7777
012 A000001 FRANKLIN/TEMPLETON INVESTOR SERVICES, INC.
012 B000001 84-1036
012 C010001 SAN MATEO
012 C020001 CA
012 C030001 94403
<PAGE> PAGE 2
012 C040001 7777
013 A000001 COOPERS & LYBRAND L.L.P.
013 B010001 SAN FRANCISCO
013 B020001 CA
013 B030001 94105
013 B040001 2174
015 A000001 BANK OF AMERICA NT&SA
015 B000001 C
015 C010001 SAN FRANCISCO
015 C020001 CA
015 C030001 94104
015 C040001 1502
015 E010001 X
015 A000002 CITIBANK DELAWARE
015 B000002 C
015 C010002 NEW CASTLE
015 C020002 DE
015 C030002 19720
015 C040002 2409
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018 000000 Y
019 A000000 Y
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021 000000 0
022 A000001 MERRILL LYNCH PIERCE FENNER
022 B000001 13-5674085
022 C000001 482908
022 D000001 414510
022 A000002 SMITH BARNEY SHEARSON
022 B000002 13-1912900
022 C000002 211945
022 D000002 352999
022 A000003 PAINEWEBBER INC
022 B000003 13-2638166
022 C000003 145234
022 D000003 261398
022 A000004 LEHMAN BROTHERS SECS
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022 D000004 196719
<PAGE> PAGE 3
022 A000005 CHEMICAL BANK NYC
022 B000005 13-4994650
022 C000005 91062
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022 A000006 BANK OF AMERICA NT&SA
022 B000006 94-1687665
022 C000006 160868
022 D000006 80563
022 A000007 GOLDMAN SACHS & CO
022 B000007 13-5108880
022 C000007 60701
022 D000007 109827
022 A000008 CITICORP
022 B000008 13-3187336
022 C000008 43785
022 D000008 70709
022 A000009 MOOS ( E A ) & CO L.P.
022 B000009 22-2194596
022 C000009 42980
022 D000009 65921
022 A000010 BEAR, STEARNS & CO INC
022 B000010 13-3299429
022 C000010 56143
022 D000010 40202
023 C000000 1956079
023 D000000 2222626
024 000000 N
025 D000001 0
025 D000002 0
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025 D000008 0
026 A000000 Y
026 B000000 Y
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026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 142701
028 A020000 25506
028 A030000 0
028 A040000 201037
028 B010000 90953
028 B020000 25492
<PAGE> PAGE 4
028 B030000 0
028 B040000 256892
028 C010000 152729
028 C020000 25256
028 C030000 0
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028 D020000 24877
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028 E020000 24943
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028 F010000 113979
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028 G010000 756270
028 G020000 151084
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030 A000000 21811
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<PAGE> PAGE 5
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048 C020000 0.450
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<PAGE> PAGE 6
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<PAGE> PAGE 7
070 K020000 N
070 L010000 N
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<PAGE> PAGE 8
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<PAGE> PAGE 9
084 A000000 N
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SIGNATURE DIOMEDES LOO-TAM
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM THE FRANKLIN CALIFORNIA TAX-FREE INCOME
FUND MARCH 31, 1995 ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAR-31-1995
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 12,180,789,359
<INVESTMENTS-AT-VALUE> 12,716,801,479
<RECEIVABLES> 231,662,992
<ASSETS-OTHER> 5,671,932
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12,954,136,403
<PAYABLE-FOR-SECURITIES> 19,377,331
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11,721,002
<TOTAL-LIABILITIES> 31,098,333
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12,379,890,846
<SHARES-COMMON-STOCK> 1,816,904,357
<SHARES-COMMON-PRIOR> 1,873,290,539
<ACCUMULATED-NII-CURRENT> 21,277,878
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (14,142,774)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 536,012,120
<NET-ASSETS> 12,923,038,070
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 899,725,735
<OTHER-INCOME> 0
<EXPENSES-NET> (71,348,738)
<NET-INVESTMENT-INCOME> 828,376,997
<REALIZED-GAINS-CURRENT> 11,263,296
<APPREC-INCREASE-CURRENT> (55,222,581)
<NET-CHANGE-FROM-OPS> 784,417,712
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (823,677,726)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 219,284,316
<NUMBER-OF-SHARES-REDEEMED> (318,616,211)
<SHARES-REINVESTED> 42,945,713
<NET-CHANGE-IN-ASSETS> (422,382,267)
<ACCUMULATED-NII-PRIOR> 16,578,607
<ACCUMULATED-GAINS-PRIOR> (25,406,070)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (58,329,191)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (71,348,738)
<AVERAGE-NET-ASSETS> 13,022,570,143
<PER-SHARE-NAV-BEGIN> 7.120
<PER-SHARE-NII> .450
<PER-SHARE-GAIN-APPREC> (.016)
<PER-SHARE-DIVIDEND> (.444)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 7.110
<EXPENSE-RATIO> .550
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
REPORT OF INDEPENDENT AUDITORS
To the Shareholders and Board of Directors
of the Franklin California Tax-Free Income Fund:
In planning and performing our audit of the financial statements
and financial highlights of the funds comprising the Franklin California Tax-
Free Income Fund for the year ended March 31, 1995, we considered
its internal control structure, including procedures for safeguarding
securities, in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial statements and
financial highlights and to comply with the requirements of Form
N-SAR, not to provide assurance on the internal control structure.
The management of the Franklin California Tax-Free Income Fund is responsible
for establishing and maintaining an internal control structure.
In fulfilling this responsibility, estimates and judgements by
management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two
of the objectives of an internal control structure are to provide
management with reasonable, but not absolute, assurance that assets
are safeguarded against loss from unauthorized use or disposition
and that transactions are executed in accordance with management's
authorization and recorded properly to permit preparation of
financial statements in conformity with generally accepted accounting
principles.
Because of inherent limitations in any internal control structure,
errors or irregularities may occur and not be detected. Also,
projection of any evaluation of the structure to future periods
is subject to the risk that it may become inadequate because of
changes in conditions or that the effectiveness of the design and
operation may deteriorate.
Our consideration of the internal control structure would not
necessarily disclose all matters in the internal control structure
that might be material weaknesses under standards established by
the American Institute of Certified Public Accountants. A material
weakness is a condition in which the design or operation of the
specific internal control structure elements does not reduce to a
relatively low level the risk that errors or irregularities in
amounts that would be material in relation to the financial statements
and financial highlights being audited may occur and not be detected
within a timely period by employees in the normal course of
performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for
safeguarding securities, that we consider to be material weaknesses,
as defined above, as of March 31, 1995.
This report is intended solely for the information and use of
management of the Franklin California Tax-Free Income Fund and the Securities
and Exchange Commission.
S\COOPERS AND LYBRAND L.L.P.
San Francisco, California
April 28, 1995
1
NAME OF REGISTRANT:
Franklin California Tax-Free Income Fund, Inc.
File No. 811-2790
EXHIBIT ITEM No. 77C:
Submission of matters to a vote of security holders.
At an annual meeting of shareholders of the registrant held on
March 20, 1995 the following items were voted upon:
(1) Election of directors.
For Withhold Authority
Harris J. Ashton 1,074,995,857 26,073,622
S. Joseph Fortunato 1,075,852,286 25,011,095
Charles B. Johnson 1,080,993,684 19,869,697
Rupert H. Johnson, Jr. 1,080,458,700 20,404,681
Gordon S. Macklin 1,075,122,777 25,740,968
(2) To ratify or reject the selection of Coopers & Lybrand
L.L.P., Certified Public Accountants, as the independent auditors
for the Fund for the fiscal year ending March 31,1996.
Vote For Vote Against
1,068,731,877 4,872,437
(3) To approve an amendment to the Fund's Articles of
Incorporation to permit the issuance of an additional class of
shares and to make other changes.
Vote For Vote Against
947,079,108 45,426,777
H:\LEGAL\WPDOC2\NSAR\0112-77c.mc May 1, 1995
May 15, 1995
Securities & Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
RE Form NSAR
Gentlemen:
Pursuant to Section 30(a) of the Investment Company Act of 1940 and
Rule 30a-1, please find Franklin California Tax-Free Income Fund
Form NSAR as of March 31, 1995.
The $125 filing fee was remitted to the U.S. Treasury designated
lockbox depository at the Mellon Bank in Pennsylvania.
Should you have any questions, please call me at (415) 312-2894.
Thank you.
Sincerely,
FRANKLIN CALIFORNIA TAX-FREE INCOME FUND
Margaret Sakelarios
Financial Reporting Manager
