<PAGE> PAGE 1
000 A000000 03/31/99
000 C000000 0000038721
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 FRANKLIN CUSTODIAN FUNDS, INC.
001 B000000 811-537
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 Y
007 B000000 5
007 C010100 1
007 C020100 FRANKLIN GROWTH SERIES
007 C030100 N
007 C010200 2
007 C020200 FRANKLIN DYNATECH SERIES
007 C030200 N
007 C010300 3
007 C020300 FRANKLIN UTILITIES SERIES
007 C030300 N
007 C010400 4
007 C020400 FRANKLIN INCOME SERIES
007 C030400 N
007 C010500 5
007 C020500 FRANKLIN U.S. GOVERNMENT SECURITIES SERIES
007 C030500 N
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
010 A00AA01 FRANKLIN TEMPLETON SERVICES, INC.
010 C01AA01 SAN MATEO
010 C02AA01 CA
010 C03AA01 94404
010 C04AA01 1585
011 A00AA01 FRANKLIN/TEMPLETON DISTRIBUTORS, INC.
011 B00AA01 8-5889
011 C01AA01 SAN MATEO
<PAGE> PAGE 2
011 C02AA01 CA
011 C03AA01 94404
011 C04AA01 1585
012 A00AA01 FRANKLIN/TEMPLETON INVESTOR SERVICES, INC.
012 B00AA01 84-1036
012 C01AA01 SAN MATEO
012 C02AA01 CA
012 C03AA01 94404
012 C04AA01 1585
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 SAN FRANCISCO
013 B02AA01 CA
013 B03AA01 94105
013 B04AA01 2119
014 A00AA01 FRANKLIN/TEMPLETON DISTRIBUTORS, INC.
014 B00AA01 8-5889
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 197
019 C00AA00 FRNKTEMGRP
020 A000001 PAINEWEBBER, INC.
020 B000001 13-2638166
020 C000001 241
020 A000002 EDWARDS (A G) & SONS, INC.
020 B000002 43-0895447
020 C000002 160
020 A000003 MORGAN STANLEY DEAN WITTER
020 B000003 13-2655998
020 C000003 125
020 A000004 DONALDSON LUFKIN & JENRETTE SECURITIES CORP.
020 B000004 13-2741729
020 C000004 112
020 A000005 CREDIT SUISSE FIRST BOSTON CORP.
020 B000005 13-5659485
020 C000005 104
020 A000006 LEHMAN BROTHERS, INC.
020 B000006 13-2518466
020 C000006 94
020 A000007 MORGAN (J P) SECURITIES, INC.
020 B000007 13-3224016
020 C000007 94
020 A000008 WARBURG DILLON READ LLC
020 B000008 13-2932996
020 C000008 81
020 A000009 CIBC OPPENHIMER
020 B000009 13-2798343
020 C000009 58
020 A000010 BT ALEX BROWN, INC.
020 B000010 13-3311934
020 C000010 55
021 000000 1829
<PAGE> PAGE 3
022 A000001 DONALDSON LUFKIN & JENRETTE SECURITIES CORP.
022 B000001 13-2741729
022 C000001 14586389
022 D000001 12239
022 A000002 BARCLAYS CAPITAL GROUP, INC.
022 B000002 13-3551367
022 C000002 14076510
022 D000002 0
022 A000003 WARBURG DILLON READ, L.L.C.
022 B000003 13-2932996
022 C000003 13987244
022 D000003 0
022 A000004 PARIBAS CORP.
022 B000004 13-3235334
022 C000004 13800413
022 D000004 0
022 A000005 CIBC WOOD GUNDY SEC CORP.
022 B000005 13-3639028
022 C000005 13480732
022 D000005 0
022 A000006 BANCAMERICA ROBERTSON STEPHENS
022 B000006 94-1687665
022 C000006 13087935
022 D000006 0
022 A000007 DRESDNER KLEINWORT BENSON, NORTH AMERICA, LLC
022 B000007 13-6172414
022 C000007 12621294
022 D000007 456052
022 A000008 PAINE WEBBER INC.
022 B000008 13-2638166
022 C000008 10915352
022 D000008 0
022 A000009 GREENWICH CAPITAL MARKETS, INC.
022 B000009 13-3122275
022 C000009 10367567
022 D000009 0
022 A000010 DEUTSCHE BANK SECURITIES INC.
022 B000010 13-2730828
022 C000010 8062221
022 D000010 0
023 C000000 144611279
023 D000000 2288956
024 00AA00 N
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
<PAGE> PAGE 4
026 H000000 N
027 000000 Y
045 00AA00 Y
046 00AA00 Y
047 00AA00 Y
048 00AA00 0.000
048 A01AA00 100000
048 A02AA00 0.625
048 B01AA00 150000
048 B02AA00 0.500
048 C01AA00 9750000
048 C02AA00 0.450
048 D01AA00 2500000
048 D02AA00 0.440
048 E01AA00 2500000
048 E02AA00 0.420
048 F01AA00 2500000
048 F02AA00 0.400
048 G01AA00 2500000
048 G02AA00 0.380
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 20000000
048 K02AA00 0.360
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056 00AA00 N
<PAGE> PAGE 5
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
077 A000000 Y
077 I000000 Y
077 Q010000 Y
078 000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
008 A000101 FRANKLIN INVESTMENT ADVISORY SERVICES, INC.
008 B000101 A
008 C000101 801-52152
008 D010101 NORWALK
008 D020101 CT
008 D030101 06854
015 A000101 THE BANK OF NEW YORK
015 B000101 C
015 C010101 NEW YORK
015 C020101 NY
015 C030101 10286
015 E010101 X
015 A000102 BANKBOSTON
015 B000102 S
015 C010102 BUENOS AIRES
015 D010102 ARGENTINA
015 E040102 X
015 A000103 NATIONAL AUSTRALIA BANK
015 B000103 S
015 C010103 MELBOURNE
015 D010103 AUSTRALIA
015 E040103 X
015 A000104 BANK AUSTRIA AG
015 B000104 S
015 C010104 VIENNA
015 D010104 AUSTRIA
015 E040104 X
015 A000105 BANQUE BRUXELLES LAMBERT
015 B000105 S
<PAGE> PAGE 6
015 C010105 BRUSSELS
015 D010105 BELGIUM
015 E040105 X
015 A000106 ROYAL BANK OF CANADA
015 B000106 S
015 C010106 TORONTO
015 D010106 CANADA
015 E040106 X
015 A000107 STANDARD CHARTERED BANK (SHANGHAI)
015 B000107 S
015 C010107 SHANGHAI
015 D010107 CHINA
015 E040107 X
015 A000108 DEN DANSKE BANK
015 B000108 S
015 C010108 COPENHAGEN
015 D010108 DENMARK
015 E040108 X
015 A000109 MERITA BANK PLC
015 B000109 S
015 C010109 HELSINKI
015 D010109 FINLAND
015 E040109 X
015 A000110 BANQUE PARIBAS
015 B000110 S
015 C010110 PARIS
015 D010110 FRANCE
015 E040110 X
015 A000111 DRESDNER BANK AG
015 B000111 S
015 C010111 FRANKFURT
015 D010111 GERMANY
015 E040111 X
015 A000112 HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B000112 S
015 C010112 HONG KONG
015 D010112 CHINA
015 E040112 X
015 A000113 HONGKONG & SHANGHAI BANKING CORP, LTD
015 B000113 S
015 C010113 MUMBAI
015 D010113 INDIA
015 E040113 X
015 A000114 HONGKONG & SHANGHAI BANKING CORP, LTD
015 B000114 S
015 C010114 JAKARTA
015 D010114 INDONESIA
015 E040114 X
015 A000115 ALLIED IRISH BANKS, PLC
015 B000115 S
015 C010115 DUBLIN
<PAGE> PAGE 7
015 D010115 IRELAND
015 E040115 X
015 A000116 BANK OF TOKYO-MITSUBISHI LIMITED
015 B000116 S
015 C010116 TOKYO
015 D010116 JAPAN
015 E040116 X
015 A000117 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEMB.
015 B000117 S
015 C010117 LUXEMBOURG CITY
015 D010117 LUXEMBOURG
015 E040117 X
015 A000118 HSBC BANK MALAYSIA BERHAD
015 B000118 S
015 C010118 KUALA LUMPUR
015 D010118 MALAYSIA
015 E040118 X
015 A000119 BANCO NACIONAL DE MEXICO, S.A. (BANAMEX)
015 B000119 S
015 C010119 MEXICO CITY
015 D010119 MEXICO
015 E040119 X
015 A000120 MEES PIERSON N.V. (NETHERLANDS)
015 B000120 S
015 C010120 AMSTERDAM
015 D010120 NETHERLANDS
015 E040120 X
015 A000121 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD
015 B000121 S
015 C010121 WELLINGTON
015 D010121 NEW ZEALAND
015 E040121 X
015 A000122 STANDARD CHARTERED BANK
015 B000122 S
015 C010122 KARACHI
015 D010122 PAKISTAN
015 E040122 X
015 A000123 HONGKONG & SHANGHAI BANKING CORP.
015 B000123 S
015 C010123 MANILA
015 D010123 PHILIPPINES
015 E040123 X
015 A000124 BANCO COMERCIAL PORTUGUES
015 B000124 S
015 C010124 LISBON
015 D010124 PORTUGAL
015 E040124 X
015 A000125 UNITED OVERSEAS BANK LTD.
015 B000125 S
015 C010125 SINGAPORE
015 D010125 SINGAPORE
<PAGE> PAGE 8
015 E040125 X
015 A000126 STANDARD BANK OF SOUTH AFRICA LTD.
015 B000126 S
015 C010126 JOHANNESBURG
015 D010126 SOUTH AFRICA
015 E040126 X
015 A000127 BANCO BILBAO VIZCAYA
015 B000127 S
015 C010127 MADRID
015 D010127 SPAIN
015 E040127 X
015 A000128 STANDARD CHARTERED BANK
015 B000128 S
015 C010128 COLOMBO
015 D010128 SRI LANKA
015 E040128 X
015 A000129 SKANDINAVISKA ENKILDA BANKEN
015 B000129 S
015 C010129 STOCKHOLM
015 D010129 SWEDEN
015 E040129 X
015 A000130 STANDARD CHARTERED BANK
015 B000130 S
015 C010130 BANGKOK
015 D010130 THAILAND
015 E040130 X
015 A000131 OSMANLI BANKASI A.S. (OTTOMAN BANK)
015 B000131 S
015 C010131 ISTANBUL
015 D010131 TURKEY
015 E040131 X
015 A000132 THE BANK OF NEW YORK
015 B000132 S
015 C010132 LONDON
015 D010132 UNITED KINGDOM
015 E040132 X
015 A000133 STANBIC BANK ZAMBIA LTD
015 B000133 S
015 C010133 LUSAKA
015 D010133 ZAMBIA
015 E040133 X
015 A000134 STANBIC BANK ZIMBABWE LTD
015 B000134 S
015 C010134 HARARE
015 D010134 ZIMBABWE
015 E040134 X
015 A000135 STANDARD CHARTERED BANK (SHENZHEN)
015 B000135 S
015 C010135 SHENZHEN
015 D010135 CHINA
015 E040135 X
<PAGE> PAGE 9
015 A000136 UNION BANK OF SWITZERLAND (UBS AG)
015 B000136 S
015 C010136 ZURICH
015 D010136 SWITZERLAND
015 E040136 X
015 A000137 FIRST CHICAGO
015 B000137 S
015 C010137 LONDON
015 D010137 UNITED KINGDOM
015 E040137 X
015 A000138 CEDEL BANK, S.A.
015 B000138 S
015 C010138 LUXEMBOURG CITY
015 D010138 LUXEMBOURG
015 E040138 X
015 A000139 EUROCLEAR
015 B000139 S
015 C010139 BRUSSELS
015 D010139 BELGIUM
015 E040139 X
028 A010100 84705
028 A020100 0
028 A030100 0
028 A040100 68928
028 B010100 101363
028 B020100 0
028 B030100 0
028 B040100 46460
028 C010100 114288
028 C020100 39410
028 C030100 0
028 C040100 57387
028 D010100 116148
028 D020100 0
028 D030100 0
028 D040100 59087
028 E010100 114469
028 E020100 0
028 E030100 0
028 E040100 69671
028 F010100 114806
028 F020100 0
028 F030100 0
028 F040100 63369
028 G010100 645779
028 G020100 39410
028 G030100 0
028 G040100 364902
028 H000100 92462
029 000100 Y
030 A000100 2963
<PAGE> PAGE 10
030 B000100 5.75
030 C000100 0.00
031 A000100 0
031 B000100 197
032 000100 3160
033 000100 0
034 000100 Y
035 000100 94
036 A000100 N
036 B000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 Y
041 000100 Y
042 A000100 0
042 B000100 0
042 C000100 100
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 3384
044 000100 325
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
<PAGE> PAGE 11
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 168939
071 B000100 24796
071 C000100 1606154
071 D000100 2
072 A000100 6
072 B000100 13800
072 C000100 8043
072 D000100 0
072 E000100 0
072 F000100 5178
072 G000100 0
072 H000100 0
<PAGE> PAGE 12
072 I000100 1513
072 J000100 6
072 K000100 175
072 L000100 122
072 M000100 6
072 N000100 62
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 9
072 S000100 7
072 T000100 3384
072 U000100 0
072 V000100 0
072 W000100 19
072 X000100 10481
072 Y000100 0
072 Z000100 11362
072AA000100 12265
072BB000100 443
072CC010100 289084
072CC020100 0
072DD010100 25642
072DD020100 3020
072EE000100 14136
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.2100
073 C000100 0.0000
074 A000100 0
074 B000100 716787
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 1746515
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 134
074 K000100 0
074 L000100 7295
074 M000100 0
074 N000100 2470731
074 O000100 0
074 P000100 2403
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 11347
074 S000100 0
<PAGE> PAGE 13
074 T000100 2456981
074 U010100 63203
074 U020100 12515
074 V010100 0.00
074 V020100 0.00
074 W000100 0.0000
074 X000100 225459
074 Y000100 0
075 A000100 0
075 B000100 2188026
076 000100 0.00
008 A000201 FRANKLIN ADVISERS, INC.
008 B000201 A
008 C000201 801-26292
008 D010201 SAN MATEO
008 D020201 CA
008 D030201 94404
008 D040201 1585
015 A000201 THE BANK OF NEW YORK
015 B000201 C
015 C010201 NEW YORK
015 C020201 NY
015 C030201 10286
015 E010201 X
015 A000202 BANKBOSTON
015 B000202 S
015 C010202 BUENOS AIRES
015 D010202 ARGENTINA
015 E040202 X
015 A000203 NATIONAL AUSTRALIA BANK
015 B000203 S
015 C010203 MELBOURNE
015 D010203 AUSTRALIA
015 E040203 X
015 A000204 BANK AUSTRIA AG
015 B000204 S
015 C010204 VIENNA
015 D010204 AUSTRIA
015 E040204 X
015 A000205 BANQUE BRUXELLES LAMBERT
015 B000205 S
015 C010205 BRUSSELS
015 D010205 BELGIUM
015 E040205 X
015 A000206 ROYAL BANK OF CANADA
015 B000206 S
015 C010206 TORONTO
015 D010206 CANADA
015 E040206 X
015 A000207 STANDARD CHARTERED BANK (SHANGHAI)
015 B000207 S
<PAGE> PAGE 14
015 C010207 SHANGHAI
015 D010207 CHINA
015 E040207 X
015 A000208 STANDARD CHARTERED BANK (SHENZHEN)
015 B000208 S
015 C010208 SHENZHEN
015 D010208 CHINA
015 E040208 X
015 A000209 DEN DANSKE BANK
015 B000209 S
015 C010209 COPENHAGEN
015 D010209 DENMARK
015 E040209 X
015 A000210 FIRST CHICAGO
015 B000210 S
015 C010210 LONDON
015 D010210 UNITED KINGDOM
015 E040210 X
015 A000211 CEDEL BANK, S.A.
015 B000211 S
015 C010211 LUXEMBOURG CITY
015 D010211 LUXEMBOURG
015 E040211 X
015 A000212 EUROCLEAR
015 B000212 S
015 C010212 BRUSSELS
015 D010212 BELGIUM
015 E040212 X
015 A000213 MERITA BANK PLC
015 B000213 S
015 C010213 HELSINKI
015 D010213 FINLAND
015 E040213 X
015 A000214 BANQUE PARIBAS
015 B000214 S
015 C010214 PARIS
015 D010214 FRANCE
015 E040214 X
015 A000215 DRESDNER BANK AG
015 B000215 S
015 C010215 FRANKFURT
015 D010215 GERMANY
015 E040215 X
015 A000216 HONGKONG & SHANGHAI BANKING CORP., LTD.
015 B000216 S
015 C010216 HONG KONG
015 D010216 CHINA
015 E040216 X
015 A000217 HONGKONG & SHANGHAI BANKING CORP., LTD.
015 B000217 S
015 C010217 JAKARTA
<PAGE> PAGE 15
015 D010217 INDONESIA
015 E040217 X
015 A000218 ALLIED IRISH BANKS, PLC
015 B000218 S
015 C010218 DUBLIN
015 D010218 IRELAND
015 E040218 X
015 A000219 BANK OF TOKYO - MITSUBISHI LIMITED
015 B000219 S
015 C010219 TOKYO
015 D010219 JAPAN
015 E040219 X
015 A000220 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEMB.
015 B000220 S
015 C010220 LUXEMBOURG CITY
015 D010220 LUXEMBOURG
015 E040220 X
015 A000221 HSBC BANK MALAYSIA BERHAD
015 B000221 S
015 C010221 KUALA LUMPUR
015 D010221 MALAYSIA
015 E040221 X
015 A000222 BANCO NACIONAL DE MEXICO, S.A. (BANAMEX)
015 B000222 S
015 C010222 MEXICO CITY
015 D010222 MEXICO
015 E040222 X
015 A000223 MEES PEIRSON N.V. (NETHERLANDS)
015 B000223 S
015 C010223 AMSTERDAM
015 D010223 NETHERLANDS
015 E040223 X
015 A000224 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000224 S
015 C010224 WELLINGTON
015 D010224 NEW ZEALAND
015 E040224 X
015 A000225 STANDARD CHARTERED BANK
015 B000225 S
015 C010225 KARACHI
015 D010225 PAKISTAN
015 E040225 X
015 A000226 HONGKONG & SHANGHAI BANKING CORP.
015 B000226 S
015 C010226 MANILA
015 D010226 PHILIPPINES
015 E040226 X
015 A000227 BANCO COMERCIAL PORTUGUES
015 B000227 S
015 C010227 LISBON
015 D010227 PORTUGAL
<PAGE> PAGE 16
015 E040227 X
015 A000228 UNITED OVERSEAS BANK LTD.
015 B000228 S
015 C010228 SINGAPORE
015 D010228 SINGAPORE
015 E040228 X
015 A000229 STANDARD BANK OF SOUTH AFRICA LTD.
015 B000229 S
015 C010229 JOHANNESBURG
015 D010229 SOUTH AFRICA
015 E040229 X
015 A000230 BANCO BILBAO VIZCAYA
015 B000230 S
015 C010230 MADRID
015 D010230 SPAIN
015 E040230 X
015 A000231 STANDARD CHARTERED BANK
015 B000231 S
015 C010231 COLOMBO
015 D010231 SRI LANKA
015 E040231 X
015 A000232 SKANDINAVISKA ENKILDA BANKEN
015 B000232 S
015 C010232 STOCKHOLM
015 D010232 SWEDEN
015 E040232 X
015 A000233 UNION BANK OF SWITZERLAND (UBS AG)
015 B000233 S
015 C010233 ZURICH
015 D010233 SWITZERLAND
015 E040233 X
015 A000234 STANDARD CHARTERED BANK
015 B000234 S
015 C010234 BANGKOK
015 D010234 THAILAND
015 E040234 X
015 A000235 OSMANLI BANKASI A.S. (OTTOMAN BANK)
015 B000235 S
015 C010235 ISTANBUL
015 D010235 TURKEY
015 E040235 X
015 A000236 THE BANK OF NEW YORK
015 B000236 S
015 C010236 LONDON
015 D010236 UNITED KINGDOM
015 E040236 X
015 A000237 STANBIC BANK ZAMBIA LTD.
015 B000237 S
015 C010237 LUSAKA
015 D010237 ZAMBIA
015 E040237 X
<PAGE> PAGE 17
015 A000238 STANBIC BANK ZIMBABWE LTD.
015 B000238 S
015 C010238 HARARE
015 D010238 ZIMBABWE
015 E040238 X
028 A010200 12135
028 A020200 0
028 A030200 0
028 A040200 9917
028 B010200 23759
028 B020200 0
028 B030200 0
028 B040200 9497
028 C010200 44267
028 C020200 2619
028 C030200 0
028 C040200 17743
028 D010200 57276
028 D020200 0
028 D030200 0
028 D040200 10795
028 E010200 60846
028 E020200 0
028 E030200 0
028 E040200 26250
028 F010200 59410
028 F020200 0
028 F030200 0
028 F040200 16822
028 G010200 257693
028 G020200 2619
028 G030200 0
028 G040200 91024
028 H000200 25559
029 000200 Y
030 A000200 838
030 B000200 5.75
030 C000200 0.00
031 A000200 4
031 B000200 0
032 000200 834
033 000200 0
034 000200 Y
035 000200 15
036 A000200 N
036 B000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 Y
041 000200 Y
<PAGE> PAGE 18
042 A000200 0
042 B000200 0
042 C000200 100
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 485
044 000200 74
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 Y
066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
<PAGE> PAGE 19
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 Y
070 P020200 Y
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 14657
071 B000200 5433
071 C000200 160576
071 D000200 3
072 A000200 6
072 B000200 3809
072 C000200 238
072 D000200 0
072 E000200 0
072 F000200 890
072 G000200 0
072 H000200 0
072 I000200 201
072 J000200 1
072 K000200 60
072 L000200 16
072 M000200 1
072 N000200 19
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 1
072 S000200 1
072 T000200 485
072 U000200 0
072 V000200 0
072 W000200 2
<PAGE> PAGE 20
072 X000200 1677
072 Y000200 0
072 Z000200 2370
072AA000200 903
072BB000200 1053
072CC010200 58481
072CC020200 0
072DD010200 3136
072DD020200 125
072EE000200 0
073 A010200 0.2400
073 A020200 0.1600
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 263445
074 C000200 0
074 D000200 0
074 E000200 0
074 F000200 190311
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 628
074 K000200 0
074 L000200 2860
074 M000200 0
074 N000200 457244
074 O000200 529
074 P000200 383
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 1381
074 S000200 0
074 T000200 454951
074 U010200 18444
074 U020200 2461
074 V010200 21.81
074 V020200 21.44
074 W000200 0.0000
074 X000200 46120
074 Y000200 1197
075 A000200 0
075 B000200 319588
076 000200 0.00
008 A000301 FRANKLIN ADVISERS, INC.
008 B000301 A
008 C000301 801-26292
008 D010301 SAN MATEO
<PAGE> PAGE 21
008 D020301 CA
008 D030301 94404
008 D040301 1585
015 A000301 THE BANK OF NEW YORK
015 B000301 C
015 C010301 NEW YORK
015 C020301 NY
015 C030301 10286
015 E010301 X
015 A000302 BANKBOSTON
015 B000302 S
015 C010302 BUENOS AIRES
015 D010302 ARGENTINA
015 E040302 X
015 A000303 NATIONAL AUSTRALIA BANK
015 B000303 S
015 C010303 MELBOURNE
015 D010303 AUSTRALIA
015 E040303 X
015 A000304 BANK AUSTRIA AG
015 B000304 S
015 C010304 VIENNA
015 D010304 AUSTRIA
015 E040304 X
015 A000305 BANQUE BRUXELLES LAMBERT
015 B000305 S
015 C010305 BRUSSELS
015 D010305 BELGIUM
015 E040305 X
015 A000306 ROYAL BANK OF CANADA
015 B000306 S
015 C010306 TORONTO
015 D010306 CANADA
015 E040306 X
015 A000307 STANDARD CHARTERED BANK (SHANGHAI)
015 B000307 S
015 C010307 SHANGHAI
015 D010307 CHINA
015 E040307 X
015 A000308 STANDARD CHARTERED BANK (SHENZHEN)
015 B000308 S
015 C010308 SHENZHEN
015 D010308 CHINA
015 E040308 X
015 A000309 DEN DANSKE BANK
015 B000309 S
015 C010309 COPENHAGEN
015 D010309 DENMARK
015 E040309 X
015 A000310 FIRST CHICAGO
015 B000310 S
<PAGE> PAGE 22
015 C010310 LONDON
015 D010310 UNITED KINGDOM
015 E040310 X
015 A000311 CEDEL BANK, S.A.
015 B000311 S
015 C010311 LUXEMBOURG CITY
015 D010311 LUXEMBOURG
015 E040311 X
015 A000312 EUROCLEAR
015 B000312 S
015 C010312 BRUSSELS
015 D010312 BELGIUM
015 E040312 X
015 A000313 MERITA BANK PLC
015 B000313 S
015 C010313 HELSINKI
015 D010313 FINLAND
015 E040313 X
015 A000314 BANQUE PARIBAS
015 B000314 S
015 C010314 PARIS
015 D010314 FRANCE
015 E040314 X
015 A000315 DRESDNER BANK AG
015 B000315 S
015 C010315 FRANKFURT
015 D010315 GERMANY
015 E040315 X
015 A000316 HONG KONG & SHANGHAI BANKING CORP. LTD
015 B000316 S
015 C010316 HONG KONG
015 D010316 CHINA
015 E040316 X
015 A000317 HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B000317 S
015 C010317 JAKARTA
015 D010317 INDONESIA
015 E040317 X
015 A000318 ALLIED IRISH BANKS, PLC
015 B000318 S
015 C010318 DUBLIN
015 D010318 IRELAND
015 E040318 X
015 A000319 BANK OF TOKYO - MITSUBISHI LIMITED
015 B000319 S
015 C010319 TOKYO
015 D010319 JAPAN
015 E040319 X
015 A000320 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEMB.
015 B000320 S
015 C010320 LUXEMBOURG CITY
<PAGE> PAGE 23
015 D010320 LUXEMBOURG
015 E040320 X
015 A000321 HSBC BANK MALAYSIA BERHAD
015 B000321 S
015 C010321 KUALA LUMPUR
015 D010321 MALAYSIA
015 E040321 X
015 A000322 BANCO NACIONAL DE MEXICO, S.A. (BANAMEX)
015 B000322 S
015 C010322 MEXICO CITY
015 D010322 MEXICO
015 E040322 X
015 A000323 MEES PIERSON N.V. (NETHERLANDS)
015 B000323 S
015 C010323 AMSTERDAM
015 D010323 NETHERLANDS
015 E040323 X
015 A000324 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000324 S
015 C010324 WELLINGTON
015 D010324 NEW ZEALAND
015 E040324 X
015 A000325 STARDARD CHARTERED BANK
015 B000325 S
015 C010325 KARACHI
015 D010325 PAKISTAN
015 E040325 X
015 A000326 HONGKONG & SHANGHAI BANKING CORP.
015 B000326 S
015 C010326 MANILA
015 D010326 PHILIPPINES
015 E040326 X
015 A000327 BANCO COMERCIAL PORTUGUES
015 B000327 S
015 C010327 LISBON
015 D010327 PORTUGAL
015 E040327 X
015 A000328 UNITED OVERSEAS BANK LTD.
015 B000328 S
015 C010328 SINGAPORE
015 D010328 SINGAPORE
015 E040328 X
015 A000329 STANDARD BANK OF SOUTH AFRICA LTD.
015 B000329 S
015 C010329 JOHANNESBURG
015 D010329 SOUTH AFRICA
015 E040329 X
015 A000330 BANCO BILBAO VIZCAYA
015 B000330 S
015 C010330 MADRID
015 D010330 SPAIN
<PAGE> PAGE 24
015 E040330 X
015 A000331 STANDARD CHARTERED BANK
015 B000331 S
015 C010331 COLOMBO
015 D010331 SRI LANKA
015 E040331 X
015 A000332 SKANDINAVISKA ENKILDA BANKEN
015 B000332 S
015 C010332 STOCKHOLM
015 D010332 SWEDEN
015 E040332 X
015 A000333 UNION BANK OF SWITZERLAND (UBS AG)
015 B000333 S
015 C010333 ZURICH
015 D010333 SWITZERLAND
015 E040333 X
015 A000334 STANDARD CHARTERED BANK
015 B000334 S
015 C010334 BANGKOK
015 D010334 THAILAND
015 E040334 X
015 A000335 OSMANLI BANKASI A.S. (OTTOMAN BANK)
015 B000335 S
015 C010335 ISTANBUL
015 D010335 TURKEY
015 E040335 X
015 A000336 THE BANK OF NEW YORK
015 B000336 S
015 C010336 LONDON
015 D010336 UNITED KINGDOM
015 E040336 X
015 A000337 STANBIC BANK ZAMBIA LTD.
015 B000337 S
015 C010337 LUSAKA
015 D010337 ZAMBIA
015 E040337 X
015 A000338 STANBIC BANK ZIMBABWE LTD.
015 B000338 S
015 C010338 HARARE
015 D010338 ZIMBABWE
015 E040338 X
028 A010300 154554
028 A020300 0
028 A030300 0
028 A040300 69367
028 B010300 21837
028 B020300 0
028 B030300 0
028 B040300 31802
028 C010300 27259
028 C020300 67807
<PAGE> PAGE 25
028 C030300 0
028 C040300 34674
028 D010300 17240
028 D020300 0
028 D030300 0
028 D040300 35157
028 E010300 21355
028 E020300 0
028 E030300 0
028 E040300 42516
028 F010300 23677
028 F020300 18043
028 F030300 0
028 F040300 54780
028 G010300 265922
028 G020300 85850
028 G030300 0
028 G040300 268296
028 H000300 30399
029 000300 Y
030 A000300 986
030 B000300 4.25
030 C000300 0.00
031 A000300 0
031 B000300 55
032 000300 1041
033 000300 0
034 000300 Y
035 000300 23
036 A000300 N
036 B000300 0
037 000300 N
038 000300 0
039 000300 N
040 000300 Y
041 000300 Y
042 A000300 0
042 B000300 0
042 C000300 100
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 1499
044 000300 554
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
<PAGE> PAGE 26
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 N
066 D000300 N
066 E000300 Y
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 N
070 N010300 Y
<PAGE> PAGE 27
070 N020300 N
070 O010300 N
070 O020300 N
070 P010300 Y
070 P020300 Y
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 578696
071 B000300 571123
071 C000300 2014819
071 D000300 28
072 A000300 6
072 B000300 11162
072 C000300 45710
072 D000300 0
072 E000300 0
072 F000300 4765
072 G000300 0
072 H000300 0
072 I000300 1389
072 J000300 14
072 K000300 188
072 L000300 131
072 M000300 6
072 N000300 32
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 11
072 S000300 8
072 T000300 1499
072 U000300 0
072 V000300 0
072 W000300 26
072 X000300 8069
072 Y000300 0
072 Z000300 48803
072AA000300 89021
072BB000300 22204
072CC010300 0
072CC020300 326004
072DD010300 49105
072DD020300 1319
072EE000300 63535
073 A010300 0.0000
073 A020300 0.0000
073 B000300 0.3300
073 C000300 0.0000
074 A000300 0
<PAGE> PAGE 28
074 B000300 36732
074 C000300 0
074 D000300 247294
074 E000300 129510
074 F000300 1386521
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 65773
074 K000300 0
074 L000300 12348
074 M000300 0
074 N000300 1878178
074 O000300 0
074 P000300 1334
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 8887
074 S000300 0
074 T000300 1867957
074 U010300 187024
074 U020300 5671
074 V010300 0.00
074 V020300 0.00
074 W000300 0.0000
074 X000300 180273
074 Y000300 19427
075 A000300 0
075 B000300 2096875
076 000300 0.00
008 A000401 FRANKLIN ADVISERS, INC.
008 B000401 A
008 C000401 801-26292
008 D010401 SAN MATEO
008 D020401 CA
008 D030401 94404
008 D040401 1585
015 A000401 THE BANK OF NEW YORK
015 B000401 C
015 C010401 NEW YORK
015 C020401 NY
015 C030401 10286
015 E010401 X
015 A000402 BANKBOSTON
015 B000402 S
015 C010402 BUENOS AIRES
015 D010402 ARGENTINA
015 E040402 X
015 A000403 NATIONAL AUSTRALIA BANK
<PAGE> PAGE 29
015 B000403 S
015 C010403 MELBOURNE
015 D010403 AUSTRALIA
015 E040403 X
015 A000404 BANK AUSTRIA AG
015 B000404 S
015 C010404 VIENNA
015 D010404 AUSTRIA
015 E040404 X
015 A000405 BANQUE BRUXELLES LAMBERT
015 B000405 S
015 C010405 BRUSSELS
015 D010405 BELGIUM
015 E040405 X
015 A000406 BANKBOSTON
015 B000406 S
015 C010406 SAO PAULO
015 D010406 BRAZIL
015 E040406 X
015 A000407 ROYAL BANK OF CANADA
015 B000407 S
015 C010407 TORONTO
015 D010407 CANADA
015 E040407 X
015 A000408 STANDARD CHARTERED BANK, (SHANGHAI)
015 B000408 S
015 C010408 SHANGHAI
015 D010408 CHINA
015 E040408 X
015 A000409 DEN DANSKE BANK
015 B000409 S
015 C010409 COPENHAGEN
015 D010409 DENMARK
015 E040409 X
015 A000410 MERITA BANK, PLC.
015 B000410 S
015 C010410 HELSINKI
015 D010410 FINLAND
015 E040410 X
015 A000411 BANQUE PARIBAS
015 B000411 S
015 C010411 PARIS
015 D010411 FRANCE
015 E040411 X
015 A000412 DRESDNER BANK, AG
015 B000412 S
015 C010412 FRANKFURT
015 D010412 GERMANY
015 E040412 X
015 A000413 HONGKONG AND SHANGHAI BANKING CORP.
015 B000413 S
<PAGE> PAGE 30
015 C010413 HONG KONG
015 D010413 CHINA
015 E040413 X
015 A000414 ALLIED IRISH BANKS, PLC.
015 B000414 S
015 C010414 DUBLIN
015 D010414 IRELAND
015 E040414 X
015 A000415 BANK OF TOKYO - MITSUBISHI LIMITED
015 B000415 S
015 C010415 TOKYO
015 D010415 JAPAN
015 E040415 X
015 A000416 BANQUE ET CAISSE D' EPARGNE DE L'ETAT LUXEMB.
015 B000416 S
015 C010416 LUXEMBOURG CITY
015 D010416 LUXEMBOURG
015 E040416 X
015 A000417 HSBC BANK MALAYSIA BERHAD
015 B000417 S
015 C010417 KUALA LUMPUR
015 D010417 MALAYSIA
015 E040417 X
015 A000418 BANCO NACIONAL DE MEXICO, S.A. (BANAMEX)
015 B000418 S
015 C010418 MEXICO CITY
015 D010418 MEXICO
015 E040418 X
015 A000419 MEES PIERSON N.V. (NETHERLANDS)
015 B000419 S
015 C010419 AMSTERDAM
015 D010419 NETHERLANDS
015 E040419 X
015 A000420 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD
015 B000420 S
015 C010420 WELLINGTON
015 D010420 NEW ZEALAND
015 E040420 X
015 A000421 STANDARD CHARTERED BANK
015 B000421 S
015 C010421 KARACHI
015 D010421 PAKISTAN
015 E040421 X
015 A000422 CITIBANK, N.A.
015 B000422 S
015 C010422 LIMA
015 D010422 PERU
015 E040422 X
015 A000423 THE HONGKONG AND SHANGHAI BANKING CORP.
015 B000423 S
015 C010423 MANILA
<PAGE> PAGE 31
015 D010423 PHILIPPINES
015 E040423 X
015 A000424 BANCO COMERCIAL PORTUGUES
015 B000424 S
015 C010424 LISBON
015 D010424 PORTUGAL
015 E040424 X
015 A000425 UNITED OVERSEAS BANK, LTD.
015 B000425 S
015 C010425 SINGAPORE
015 D010425 SINGAPORE
015 E040425 X
015 A000426 STANDARD BANK OF SOUTH AFRICA LTD.
015 B000426 S
015 C010426 JOHANNESBURG
015 D010426 SOUTH AFRICA
015 E040426 X
015 A000427 BANCO BILBAO VIZCAYA
015 B000427 S
015 C010427 MADRID
015 D010427 SPAIN
015 E040427 X
015 A000428 STANDARD CHARTERED BANK
015 B000428 S
015 C010428 COLOMBO
015 D010428 SRI LANKA
015 E040428 X
015 A000429 SKANDINAVISKA ENKILDA BANKEN
015 B000429 S
015 C010429 STOCKHOLM
015 D010429 SWEDEN
015 E040429 X
015 A000430 UNION BANK OF SWITZERLAND (UBS AG)
015 B000430 S
015 C010430 ZURICH
015 D010430 SWITZERLAND
015 E040430 X
015 A000431 STANDARD CHARTERED BANK
015 B000431 S
015 C010431 BANGKOK
015 D010431 THAILAND
015 E040431 X
015 A000432 OSMANLI BANKASI A.S. (OTTOMAN BANK)
015 B000432 S
015 C010432 ISTANBUL
015 D010432 TURKEY
015 E040432 X
015 A000433 THE BANK OF NEW YORK
015 B000433 S
015 C010433 LONDON
015 D010433 UNITED KINGDOM
<PAGE> PAGE 32
015 E040433 X
015 A000434 CITIBANK, N.A.
015 B000434 S
015 C010434 CARACAS
015 D010434 VENEZUELA
015 E040434 X
015 A000435 STANBIC BANK ZAMBIA LTD.
015 B000435 S
015 C010435 LUSAKA
015 D010435 ZAMBIA
015 E040435 X
015 A000436 STANBIC BANK ZIMBABWE, LTD.
015 B000436 S
015 C010436 HARARE
015 D010436 ZIMBABWE
015 E040436 X
015 A000437 CEDEL BANK, S.A.
015 B000437 S
015 C010437 LUXEMBOURG CITY
015 D010437 LUXEMBOURG
015 E040437 X
015 A000438 FIRST CHICAGO
015 B000438 S
015 C010438 LONDON
015 D010438 UNITED KINGDOM
015 E040438 X
015 A000439 EUROCLEAR
015 B000439 S
015 C010439 BRUSSELS
015 D010439 BELGIUM
015 E040439 X
015 A000440 HONGKONG AND SHANGHAI BANKING CORP LTD.
015 B000440 S
015 C010440 JAKARTA
015 D010440 INDONESIA
015 E040440 X
015 A000441 STANDARD CHARTERED BANK, (SHENZHEN)
015 B000441 S
015 C010441 SHENZHEN
015 D010441 CHINA
015 E040441 X
028 A010400 139181
028 A020400 32738
028 A030400 0
028 A040400 148626
028 B010400 106080
028 B020400 32804
028 B030400 0
028 B040400 126130
028 C010400 110108
028 C020400 67879
<PAGE> PAGE 33
028 C030400 0
028 C040400 145938
028 D010400 102701
028 D020400 32915
028 D030400 0
028 D040400 165686
028 E010400 87281
028 E020400 32735
028 E030400 0
028 E040400 193995
028 F010400 105148
028 F020400 32328
028 F030400 0
028 F040400 234943
028 G010400 650499
028 G020400 231399
028 G030400 0
028 G040400 1015318
028 H000400 384214
029 000400 Y
030 A000400 11092
030 B000400 4.25
030 C000400 0.00
031 A000400 0
031 B000400 1596
032 000400 12688
033 000400 0
034 000400 Y
035 000400 338
036 A000400 N
036 B000400 0
037 000400 N
038 000400 0
039 000400 N
040 000400 Y
041 000400 Y
042 A000400 0
042 B000400 0
042 C000400 100
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
043 000400 9071
044 000400 4951
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 3.6
062 E000400 0.0
<PAGE> PAGE 34
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 11.2
062 N000400 3.9
062 O000400 0.0
062 P000400 26.4
062 Q000400 14.0
062 R000400 39.6
063 A000400 0
063 B000400 10.0
064 A000400 N
064 B000400 Y
065 000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 Y
070 N010400 Y
070 N020400 Y
<PAGE> PAGE 35
070 O010400 N
070 O020400 N
070 P010400 Y
070 P020400 Y
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 471602
071 B000400 632194
071 C000400 8187807
071 D000400 6
072 A000400 6
072 B000400 256397
072 C000400 96752
072 D000400 0
072 E000400 0
072 F000400 19584
072 G000400 0
072 H000400 0
072 I000400 4009
072 J000400 293
072 K000400 602
072 L000400 340
072 M000400 29
072 N000400 131
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 43
072 S000400 65
072 T000400 9071
072 U000400 0
072 V000400 0
072 W000400 93
072 X000400 34260
072 Y000400 0
072 Z000400 318889
072AA000400 116932
072BB000400 58350
072CC010400 0
072CC020400 324795
072DD010400 295859
072DD020400 38679
072EE000400 45057
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.0100
073 C000400 0.0000
074 A000400 0
074 B000400 295233
<PAGE> PAGE 36
074 C000400 0
074 D000400 4603331
074 E000400 789065
074 F000400 2481971
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 8339
074 K000400 0
074 L000400 158691
074 M000400 0
074 N000400 8336630
074 O000400 8000
074 P000400 6726
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 40775
074 S000400 0
074 T000400 8281129
074 U010400 3204246
074 U020400 475038
074 V010400 0.00
074 V020400 0.00
074 W000400 0.0000
074 X000400 498001
074 Y000400 114022
075 A000400 0
075 B000400 8689367
076 000400 0.00
008 A000501 FRANKLIN ADVISERS, INC.
008 B000501 A
008 C000501 801-26292
008 D010501 SAN MATEO
008 D020501 CA
008 D030501 94404
008 D040501 1585
015 A000501 THE BANK OF NEW YORK
015 B000501 C
015 C010501 NEW YORK
015 C020501 NY
015 C030501 10286
015 E010501 X
028 A010500 197744
028 A020500 25366
028 A030500 0
028 A040500 216595
028 B010500 136049
028 B020500 25560
028 B030500 0
<PAGE> PAGE 37
028 B040500 215306
028 C010500 164083
028 C020500 25324
028 C030500 0
028 C040500 260807
028 D010500 157317
028 D020500 25127
028 D030500 0
028 D040500 196547
028 E010500 175620
028 E020500 25141
028 E030500 0
028 E040500 234519
028 F010500 231097
028 F020500 25114
028 F030500 0
028 F040500 288466
028 G010500 1061910
028 G020500 151632
028 G030500 0
028 G040500 1412240
028 H000500 204036
029 000500 Y
030 A000500 5957
030 B000500 4.25
030 C000500 0.00
031 A000500 0
031 B000500 734
032 000500 6691
033 000500 0
034 000500 Y
035 000500 130
036 A000500 N
036 B000500 0
037 000500 N
038 000500 0
039 000500 N
040 000500 Y
041 000500 Y
042 A000500 0
042 B000500 0
042 C000500 100
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 5490
044 000500 1483
062 A000500 Y
062 B000500 1.4
<PAGE> PAGE 38
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 1.1
062 N000500 97.7
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 24.5
064 A000500 N
064 B000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 N
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 N
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
<PAGE> PAGE 39
070 N010500 N
070 N020500 N
070 O010500 N
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 1135330
071 B000500 1116441
071 C000500 9055309
071 D000500 12
072 A000500 6
072 B000500 322732
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 20636
072 G000500 0
072 H000500 0
072 I000500 3746
072 J000500 48
072 K000500 715
072 L000500 263
072 M000500 31
072 N000500 79
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 52
072 S000500 62
072 T000500 5490
072 U000500 0
072 V000500 0
072 W000500 105
072 X000500 31227
072 Y000500 0
072 Z000500 291505
072AA000500 9503
072BB000500 23746
072CC010500 0
072CC020500 185989
072DD010500 284242
072DD020500 9559
072EE000500 0
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
<PAGE> PAGE 40
074 A000500 12
074 B000500 0
074 C000500 129613
074 D000500 8848001
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 69218
074 M000500 0
074 N000500 9046844
074 O000500 47826
074 P000500 5773
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 36667
074 S000500 0
074 T000500 8956578
074 U010500 1257625
074 U020500 52081
074 V010500 0.00
074 V020500 0.00
074 W000500 0.0000
074 X000500 465582
074 Y000500 582835
075 A000500 0
075 B000500 9126814
076 000500 0.00
SIGNATURE KIMBERLEY MONASTERIO
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
CUSTODIAN FUNDS, INC. MARCH 31, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 011
<NAME> FRANKLIN GROWTH SERIES - CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 726,494,396
<INVESTMENTS-AT-VALUE> 1,746,515,223
<RECEIVABLES> 724,215,445
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,470,730,668
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13,750,152
<TOTAL-LIABILITIES> 13,750,152
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,430,900,087
<SHARES-COMMON-STOCK> 63,202,726
<SHARES-COMMON-PRIOR> 57,238,717
<ACCUMULATED-NII-CURRENT> 6,071,593
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (11,991)
<ACCUM-APPREC-OR-DEPREC> 1,020,020,827
<NET-ASSETS> 2,456,980,516
<DIVIDEND-INCOME> 8,043,147
<INTEREST-INCOME> 13,800,077
<OTHER-INCOME> 0
<EXPENSES-NET> (10,481,236)
<NET-INVESTMENT-INCOME> 11,361,988
<REALIZED-GAINS-CURRENT> 11,822,261
<APPREC-INCREASE-CURRENT> 289,083,820
<NET-CHANGE-FROM-OPS> 312,268,069
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (25,641,910)
<DISTRIBUTIONS-OF-GAINS> (12,164,706)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 15,216,524
<NUMBER-OF-SHARES-REDEEMED> (10,371,257)
<SHARES-REINVESTED> 1,118,742
<NET-CHANGE-IN-ASSETS> 589,757,003
<ACCUMULATED-NII-PRIOR> 23,371,146
<ACCUMULATED-GAINS-PRIOR> 2,302,133
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (5,177,794)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (10,481,236)
<AVERAGE-NET-ASSETS> 2,188,026,476
<PER-SHARE-NAV-BEGIN> 28.580
<PER-SHARE-NII> .180
<PER-SHARE-GAIN-APPREC> 4.410
<PER-SHARE-DIVIDEND> (.440)
<PER-SHARE-DISTRIBUTIONS> (.210)
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 32.520
<EXPENSE-RATIO> .880<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] .000
<FN>
<F1>ANNUALIZED
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
CUSTODIAN FUNDS, INC. MARCH 31, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 012
<NAME> FRANKLIN GROWTH SERIES - CLASS C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 726,494,396
<INVESTMENTS-AT-VALUE> 1,746,515,223
<RECEIVABLES> 724,215,445
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,470,730,668
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13,750,152
<TOTAL-LIABILITIES> 13,750,152
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,430,900,087
<SHARES-COMMON-STOCK> 10,298,255
<SHARES-COMMON-PRIOR> 6,744,216
<ACCUMULATED-NII-CURRENT> 6,071,593
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (11,991)
<ACCUM-APPREC-OR-DEPREC> 1,020,020,827
<NET-ASSETS> 2,456,980,516
<DIVIDEND-INCOME> 8,043,147
<INTEREST-INCOME> 13,800,077
<OTHER-INCOME> 0
<EXPENSES-NET> (10,481,236)
<NET-INVESTMENT-INCOME> 11,361,988
<REALIZED-GAINS-CURRENT> 11,822,261
<APPREC-INCREASE-CURRENT> 289,083,820
<NET-CHANGE-FROM-OPS> 312,268,069
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,012,481)
<DISTRIBUTIONS-OF-GAINS> (1,558,870)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,659,963
<NUMBER-OF-SHARES-REDEEMED> (1,214,337)
<SHARES-REINVESTED> 108,413
<NET-CHANGE-IN-ASSETS> 589,757,003
<ACCUMULATED-NII-PRIOR> 23,371,146
<ACCUMULATED-GAINS-PRIOR> 2,302,133
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (5,177,794)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (10,481,236)
<AVERAGE-NET-ASSETS> 2,188,026,476
<PER-SHARE-NAV-BEGIN> 28.110
<PER-SHARE-NII> .060
<PER-SHARE-GAIN-APPREC> 4.330
<PER-SHARE-DIVIDEND> (.270)
<PER-SHARE-DISTRIBUTIONS> (.210)
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 32.020
<EXPENSE-RATIO> 1.640<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] .000
<FN>
<F1>ANNUALIZED
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
CUSTODIAN FUNDS, INC. MARCH 31, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 013
<NAME> FRANKLIN GROWTH SERIES - ADVISOR CLASS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 726,494,396
<INVESTMENTS-AT-VALUE> 1,746,515,223
<RECEIVABLES> 724,215,445
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,470,730,668
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13,750,152
<TOTAL-LIABILITIES> 13,750,152
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,430,900,087
<SHARES-COMMON-STOCK> 2,060,372
<SHARES-COMMON-PRIOR> 1,462,610
<ACCUMULATED-NII-CURRENT> 6,071,593
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (11,991)
<ACCUM-APPREC-OR-DEPREC> 1,020,020,827
<NET-ASSETS> 2,456,980,516
<DIVIDEND-INCOME> 8,043,147
<INTEREST-INCOME> 13,800,077
<OTHER-INCOME> 0
<EXPENSES-NET> (10,481,236)
<NET-INVESTMENT-INCOME> 11,361,988
<REALIZED-GAINS-CURRENT> 11,822,261
<APPREC-INCREASE-CURRENT> 289,083,820
<NET-CHANGE-FROM-OPS> 312,268,069
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,007,150)
<DISTRIBUTIONS-OF-GAINS> (412,809)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 760,535
<NUMBER-OF-SHARES-REDEEMED> (208,246)
<SHARES-REINVESTED> 45,473
<NET-CHANGE-IN-ASSETS> 589,757,003
<ACCUMULATED-NII-PRIOR> 23,371,146
<ACCUMULATED-GAINS-PRIOR> 2,302,133
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (5,177,794)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (10,481,236)
<AVERAGE-NET-ASSETS> 2,188,026,476
<PER-SHARE-NAV-BEGIN> 28.630
<PER-SHARE-NII> .210
<PER-SHARE-GAIN-APPREC> 4.420
<PER-SHARE-DIVIDEND> (.510)
<PER-SHARE-DISTRIBUTIONS> (.210)
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 32.540
<EXPENSE-RATIO> .640<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] .000
<FN>
<F1>ANNUALIZED
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
CUSTODIAN FUNDS, INC. MARCH 31, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 014
<NAME> FRANKLIN GROWTH SERIES - CLASS B
<S> <C>
<PERIOD-TYPE> 6-MOS <F2>
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 726,494,396
<INVESTMENTS-AT-VALUE> 1,746,515,223
<RECEIVABLES> 724,215,445
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,470,730,668
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13,750,152
<TOTAL-LIABILITIES> 13,750,152
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,430,900,087
<SHARES-COMMON-STOCK> 155,974
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 6,071,593
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (11,991)
<ACCUM-APPREC-OR-DEPREC> 1,020,020,827
<NET-ASSETS> 2,456,980,516
<DIVIDEND-INCOME> 8,043,147
<INTEREST-INCOME> 13,800,077
<OTHER-INCOME> 0
<EXPENSES-NET> (10,481,236)
<NET-INVESTMENT-INCOME> 11,361,988
<REALIZED-GAINS-CURRENT> 11,822,261
<APPREC-INCREASE-CURRENT> 289,083,820
<NET-CHANGE-FROM-OPS> 312,268,069
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 156,973
<NUMBER-OF-SHARES-REDEEMED> (999)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 589,757,003
<ACCUMULATED-NII-PRIOR> 23,371,146
<ACCUMULATED-GAINS-PRIOR> 2,302,133
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (5,177,794)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (10,481,236)
<AVERAGE-NET-ASSETS> 2,188,026,476
<PER-SHARE-NAV-BEGIN> 31.460
<PER-SHARE-NII> .040
<PER-SHARE-GAIN-APPREC> .970
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 32.470
<EXPENSE-RATIO> 1.640<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] .000
<FN>
<F1>ANNUALIZED
<F2>FOR THE PERIOD JANUARY 1, 1999 (EFFECETIVE DATE) TO MARCH 31, 1999
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
CUSTODIAN FUNDS, INC. MARCH 31, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 021
<NAME> FRANKLIN DYNATECH SERIES - CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 44,931,991
<INVESTMENTS-AT-VALUE> 190,310,770
<RECEIVABLES> 266,933,263
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 457,244,033
<PAYABLE-FOR-SECURITIES> 529,350
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,763,382
<TOTAL-LIABILITIES> 2,292,732
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 308,859,157
<SHARES-COMMON-STOCK> 18,444,258
<SHARES-COMMON-PRIOR> 12,102,717
<ACCUMULATED-NII-CURRENT> 1,519,370
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (806,005)
<ACCUM-APPREC-OR-DEPREC> 145,378,779
<NET-ASSETS> 454,951,301
<DIVIDEND-INCOME> 238,172
<INTEREST-INCOME> 3,809,251
<OTHER-INCOME> 0
<EXPENSES-NET> (1,677,505)
<NET-INVESTMENT-INCOME> 2,369,918
<REALIZED-GAINS-CURRENT> (150,017)
<APPREC-INCREASE-CURRENT> 58,480,860
<NET-CHANGE-FROM-OPS> 60,700,761
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,135,838)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,444,826
<NUMBER-OF-SHARES-REDEEMED> (4,230,811)
<SHARES-REINVESTED> 127,526
<NET-CHANGE-IN-ASSETS> 226,728,480
<ACCUMULATED-NII-PRIOR> 2,410,194
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (655,988)
<GROSS-ADVISORY-FEES> (890,338)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,677,505)
<AVERAGE-NET-ASSETS> 319,587,521
<PER-SHARE-NAV-BEGIN> 17.840
<PER-SHARE-NII> .130
<PER-SHARE-GAIN-APPREC> 4.080
<PER-SHARE-DIVIDEND> (.240)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 21.810
<EXPENSE-RATIO> .980<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] .000
<FN>
<F1>ANNUALIZED
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
CUSTODIAN FUNDS, INC. MARCH 31, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 022
<NAME> FRANKLIN DYNATECH SERIES - CLASS C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 44,931,991
<INVESTMENTS-AT-VALUE> 190,310,770
<RECEIVABLES> 266,933,263
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 457,244,033
<PAYABLE-FOR-SECURITIES> 529,350
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,763,382
<TOTAL-LIABILITIES> 2,292,732
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 308,859,157
<SHARES-COMMON-STOCK> 2,461,066
<SHARES-COMMON-PRIOR> 705,122
<ACCUMULATED-NII-CURRENT> 1,519,370
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (806,005)
<ACCUM-APPREC-OR-DEPREC> 145,378,779
<NET-ASSETS> 454,951,301
<DIVIDEND-INCOME> 238,172
<INTEREST-INCOME> 3,809,251
<OTHER-INCOME> 0
<EXPENSES-NET> (1,677,505)
<NET-INVESTMENT-INCOME> 2,369,918
<REALIZED-GAINS-CURRENT> (150,017)
<APPREC-INCREASE-CURRENT> 58,480,860
<NET-CHANGE-FROM-OPS> 60,700,761
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (124,904)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,986,711
<NUMBER-OF-SHARES-REDEEMED> (236,891)
<SHARES-REINVESTED> 6,124
<NET-CHANGE-IN-ASSETS> 226,728,480
<ACCUMULATED-NII-PRIOR> 2,410,194
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (655,988)
<GROSS-ADVISORY-FEES> (890,338)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,677,505)
<AVERAGE-NET-ASSETS> 319,587,521
<PER-SHARE-NAV-BEGIN> 17.530
<PER-SHARE-NII> .120
<PER-SHARE-GAIN-APPREC> 3.950
<PER-SHARE-DIVIDEND> (.160)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 21.440
<EXPENSE-RATIO> 1.720<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] .000
<FN>
<F1>ANNUALIZED
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FRANKLIN CUSTODIAN FUNDS, INC. MARCH 31, 1999 SEMI-ANNUAL REPORT
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 031
<NAME> FRANKLIN UTILITIES SERIES CLASS - A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 1,631,485,298
<INVESTMENTS-AT-VALUE> 1,763,325,035
<RECEIVABLES> 114,853,245
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,878,178,280
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10,220,880
<TOTAL-LIABILITIES> 10,220,880
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,663,264,378
<SHARES-COMMON-STOCK> 187,023,907
<SHARES-COMMON-PRIOR> 180,802,369
<ACCUMULATED-NII-CURRENT> 6,039,592
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 66,813,694
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 131,839,736
<NET-ASSETS> 1,867,957,400
<DIVIDEND-INCOME> 45,710,347
<INTEREST-INCOME> 11,161,323
<OTHER-INCOME> 0
<EXPENSES-NET> (8,068,679)
<NET-INVESTMENT-INCOME> 48,802,991
<REALIZED-GAINS-CURRENT> 66,817,073
<APPREC-INCREASE-CURRENT> (326,004,321)
<NET-CHANGE-FROM-OPS> (210,384,257)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (49,105,956)
<DISTRIBUTIONS-OF-GAINS> (61,725,940)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 21,688,655
<NUMBER-OF-SHARES-REDEEMED> (23,279,323)
<SHARES-REINVESTED> 7,812,205
<NET-CHANGE-IN-ASSETS> (240,867,607)
<ACCUMULATED-NII-PRIOR> 7,661,465
<ACCUMULATED-GAINS-PRIOR> 63,531,899
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (4,765,126)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (8,068,680)
<AVERAGE-NET-ASSETS> 2,096,874,707
<PER-SHARE-NAV-BEGIN> 11.360
<PER-SHARE-NII> .260
<PER-SHARE-GAIN-APPREC> (1.340)
<PER-SHARE-DIVIDEND> (.260)
<PER-SHARE-DISTRIBUTIONS> (.330)
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 9.690
<EXPENSE-RATIO> .760<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] .000
<FN>
<F1>ANNUALIZED
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FRANKLIN CUSTODIAN FUNDS, INC. MARCH 31, 1999 SEMI-ANNUAL REPORT
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 032
<NAME> FRANKLIN UTILITIES SERIES CLASS - C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 1,631,485,298
<INVESTMENTS-AT-VALUE> 1,763,325,035
<RECEIVABLES> 114,853,245
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,878,178,280
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10,220,880
<TOTAL-LIABILITIES> 10,220,880
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,663,264,378
<SHARES-COMMON-STOCK> 4,104,416
<SHARES-COMMON-PRIOR> 3,580,865
<ACCUMULATED-NII-CURRENT> 6,039,592
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 66,813,694
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 131,839,736
<NET-ASSETS> 1,867,957,400
<DIVIDEND-INCOME> 45,710,347
<INTEREST-INCOME> 11,161,323
<OTHER-INCOME> 0
<EXPENSES-NET> (8,068,679)
<NET-INVESTMENT-INCOME> 48,802,991
<REALIZED-GAINS-CURRENT> 66,817,073
<APPREC-INCREASE-CURRENT> (326,004,321)
<NET-CHANGE-FROM-OPS> (210,384,257)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (959,241)
<DISTRIBUTIONS-OF-GAINS> (1,415,891)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,595,033
<NUMBER-OF-SHARES-REDEEMED> (1,250,105)
<SHARES-REINVESTED> 178,623
<NET-CHANGE-IN-ASSETS> (240,867,607)
<ACCUMULATED-NII-PRIOR> 7,661,465
<ACCUMULATED-GAINS-PRIOR> 63,531,899
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (4,765,126)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (8,068,680)
<AVERAGE-NET-ASSETS> 2,096,874,707
<PER-SHARE-NAV-BEGIN> 11.350
<PER-SHARE-NII> .230
<PER-SHARE-GAIN-APPREC> (1.330)
<PER-SHARE-DIVIDEND> (.230)
<PER-SHARE-DISTRIBUTIONS> (.330)
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 9.690
<EXPENSE-RATIO> 1.280<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] .000
<FN>
<F1>ANNUALIZED
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FRANKLIN CUSTODIAN FUNDS, INC. MARCH 31, 1999 SEMI-ANNUAL REPORT
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 033
<NAME> FRANKLIN UTILITIES SERIES ADVISOR CLASS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 1,631,485,298
<INVESTMENTS-AT-VALUE> 1,763,325,035
<RECEIVABLES> 114,853,245
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,878,178,280
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10,220,880
<TOTAL-LIABILITIES> 10,220,880
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,663,264,378
<SHARES-COMMON-STOCK> 1,425,692
<SHARES-COMMON-PRIOR> 1,198,416
<ACCUMULATED-NII-CURRENT> 6,039,592
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 66,813,694
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 131,839,736
<NET-ASSETS> 1,867,957,400
<DIVIDEND-INCOME> 45,710,347
<INTEREST-INCOME> 11,161,323
<OTHER-INCOME> 0
<EXPENSES-NET> (8,068,680)
<NET-INVESTMENT-INCOME> 48,802,990
<REALIZED-GAINS-CURRENT> 66,817,073
<APPREC-INCREASE-CURRENT> (326,004,321)
<NET-CHANGE-FROM-OPS> (210,384,257)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (349,384)
<DISTRIBUTIONS-OF-GAINS> (393,447)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 600,312
<NUMBER-OF-SHARES-REDEEMED> (434,121)
<SHARES-REINVESTED> 61,085
<NET-CHANGE-IN-ASSETS> (240,867,607)
<ACCUMULATED-NII-PRIOR> 7,661,465
<ACCUMULATED-GAINS-PRIOR> 63,531,899
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (4,765,126)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (8,068,680)
<AVERAGE-NET-ASSETS> 2,096,874,707
<PER-SHARE-NAV-BEGIN> 11.390
<PER-SHARE-NII> .260
<PER-SHARE-GAIN-APPREC> (1.330)
<PER-SHARE-DIVIDEND> (.270)
<PER-SHARE-DISTRIBUTIONS> (.330)
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 9.720
<EXPENSE-RATIO> .620<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] .000
<FN>
<F1>ANNUALIZED
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FRANKLIN CUSTODIAN FUNDS, INC. MARCH 31, 1999 SEMI-ANNUAL REPORT
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 034
<NAME> FRANKLIN UTILITIES SERIES CLASS - B
<S> <C>
<PERIOD-TYPE> 6-MOS <F2>
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 1,631,485,298
<INVESTMENTS-AT-VALUE> 1,763,325,035
<RECEIVABLES> 114,853,245
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,878,178,280
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10,220,880
<TOTAL-LIABILITIES> 10,220,880
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,663,264,378
<SHARES-COMMON-STOCK> 140,917
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 6,039,592
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 66,813,694
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 131,839,736
<NET-ASSETS> 1,867,957,400
<DIVIDEND-INCOME> 45,710,347
<INTEREST-INCOME> 11,161,323
<OTHER-INCOME> 0
<EXPENSES-NET> (8,068,679)
<NET-INVESTMENT-INCOME> 48,802,991
<REALIZED-GAINS-CURRENT> 66,817,073
<APPREC-INCREASE-CURRENT> (326,004,321)
<NET-CHANGE-FROM-OPS> (210,384,257)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10,282)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 140,122
<NUMBER-OF-SHARES-REDEEMED> (17)
<SHARES-REINVESTED> 812
<NET-CHANGE-IN-ASSETS> (240,867,607)
<ACCUMULATED-NII-PRIOR> 7,661,465
<ACCUMULATED-GAINS-PRIOR> 63,531,899
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (4,765,126)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (8,068,680)
<AVERAGE-NET-ASSETS> 2,096,874,707
<PER-SHARE-NAV-BEGIN> 11.060
<PER-SHARE-NII> .100
<PER-SHARE-GAIN-APPREC> (1.340)
<PER-SHARE-DIVIDEND> (.120)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 9.700
<EXPENSE-RATIO> 1.290<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] .000
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE 1/1/99, LESS THAN 6 MONTHS
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN CUSTODIAN FUNDS, INC. MARCH 31, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 041
<NAME> FRANKLIN INCOME SERIES - CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 7,936,248,925
<INVESTMENTS-AT-VALUE> 7,874,367,563
<RECEIVABLES> 462,262,653
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8,336,630,216
<PAYABLE-FOR-SECURITIES> 8,000,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 47,500,778
<TOTAL-LIABILITIES> 55,500,778
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,258,071,284
<SHARES-COMMON-STOCK> 3,204,245,625
<SHARES-COMMON-PRIOR> 3,296,719,226
<ACCUMULATED-NII-CURRENT> 6,832,342
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 78,160,926
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (61,935,114)
<NET-ASSETS> 8,281,129,438
<DIVIDEND-INCOME> 96,752,462
<INTEREST-INCOME> 256,397,292
<OTHER-INCOME> 0
<EXPENSES-NET> (34,260,255)
<NET-INVESTMENT-INCOME> 318,889,499
<REALIZED-GAINS-CURRENT> 58,581,505
<APPREC-INCREASE-CURRENT> (324,794,987)
<NET-CHANGE-FROM-OPS> 52,676,017
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (295,858,985)
<DISTRIBUTIONS-OF-GAINS> (39,570,441)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 199,542,466
<NUMBER-OF-SHARES-REDEEMED> (379,349,517)
<SHARES-REINVESTED> 87,333,450
<NET-CHANGE-IN-ASSETS> (460,338,208)
<ACCUMULATED-NII-PRIOR> 42,789,225
<ACCUMULATED-GAINS-PRIOR> 44,327,902
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (19,584,451)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (34,260,225)
<AVERAGE-NET-ASSETS> 8,689,366,877
<PER-SHARE-NAV-BEGIN> 2.340
<PER-SHARE-NII> 0.090
<PER-SHARE-GAIN-APPREC> (.080)
<PER-SHARE-DIVIDEND> (.090)
<PER-SHARE-DISTRIBUTIONS> (.010)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 2.250
<EXPENSE-RATIO> 0.730<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
<FN>
<F1> ANNUALIZED
<FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN CUSTODIAN FUNDS, INC. MARCH 31, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 042
<NAME> FRANKLIN INCOME SERIES - CLASS C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 7,936,248,925
<INVESTMENTS-AT-VALUE> 7,874,367,563
<RECEIVABLES> 462,262,653
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8,336,630,216
<PAYABLE-FOR-SECURITIES> 8,000,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 47,500,778
<TOTAL-LIABILITIES> 55,500,778
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,258,071,284
<SHARES-COMMON-STOCK> 454,467,469
<SHARES-COMMON-PRIOR> 432,798,046
<ACCUMULATED-NII-CURRENT> 6,832,342
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 78,160,926
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (61,935,114)
<NET-ASSETS> 8,281,129,438
<DIVIDEND-INCOME> 96,752,462
<INTEREST-INCOME> 256,397,292
<OTHER-INCOME> 0
<EXPENSES-NET> (34,260,255)
<NET-INVESTMENT-INCOME> 318,889,499
<REALIZED-GAINS-CURRENT> 58,581,505
<APPREC-INCREASE-CURRENT> (324,794,987)
<NET-CHANGE-FROM-OPS> 52,676,017
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (37,721,861)
<DISTRIBUTIONS-OF-GAINS> (5,374,627)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 67,372,261
<NUMBER-OF-SHARES-REDEEMED> (57,819,469)
<SHARES-REINVESTED> 12,116,631
<NET-CHANGE-IN-ASSETS> (460,338,208)
<ACCUMULATED-NII-PRIOR> 42,789,225
<ACCUMULATED-GAINS-PRIOR> 44,327,902
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (19,584,451)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (34,260,225)
<AVERAGE-NET-ASSETS> 8,689,366,877
<PER-SHARE-NAV-BEGIN> 2.340
<PER-SHARE-NII> 0.080
<PER-SHARE-GAIN-APPREC> (.070)
<PER-SHARE-DIVIDEND> (.080)
<PER-SHARE-DISTRIBUTIONS> (.010)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 2.260
<EXPENSE-RATIO> 1.220<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
<FN>
<F1> ANNUALIZED
<FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN CUSTODIAN FUNDS, INC. MARCH 31, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 043
<NAME> FRANKLIN INCOME SERIES - ADVISOR CLASS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 7,936,248,925
<INVESTMENTS-AT-VALUE> 7,874,367,563
<RECEIVABLES> 462,262,653
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8,336,630,216
<PAYABLE-FOR-SECURITIES> 8,000,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 47,500,778
<TOTAL-LIABILITIES> 55,500,778
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,258,071,284
<SHARES-COMMON-STOCK> 7,766,668
<SHARES-COMMON-PRIOR> 9,354,529
<ACCUMULATED-NII-CURRENT> 6,832,342
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 78,160,926
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (61,935,114)
<NET-ASSETS> 8,281,129,438
<DIVIDEND-INCOME> 96,752,462
<INTEREST-INCOME> 256,397,292
<OTHER-INCOME> 0
<EXPENSES-NET> (34,260,255)
<NET-INVESTMENT-INCOME> 318,889,499
<REALIZED-GAINS-CURRENT> 58,581,505
<APPREC-INCREASE-CURRENT> (324,794,987)
<NET-CHANGE-FROM-OPS> 52,676,017
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (781,300)
<DISTRIBUTIONS-OF-GAINS> (111,728)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 843,392
<NUMBER-OF-SHARES-REDEEMED> (2,784,388)
<SHARES-REINVESTED> 353,135
<NET-CHANGE-IN-ASSETS> (460,338,208)
<ACCUMULATED-NII-PRIOR> 42,789,225
<ACCUMULATED-GAINS-PRIOR> 44,327,902
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (19,584,451)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (34,260,225)
<AVERAGE-NET-ASSETS> 8,689,366,877
<PER-SHARE-NAV-BEGIN> 2.340
<PER-SHARE-NII> 0.090
<PER-SHARE-GAIN-APPREC> (.080)
<PER-SHARE-DIVIDEND> (.090)
<PER-SHARE-DISTRIBUTIONS> (.010)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 2.250
<EXPENSE-RATIO> 0.580<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
<FN>
<F1> ANNUALIZED
<FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN CUSTODIAN FUNDS, INC. MARCH 31, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 044
<NAME> FRANKLIN INCOME SERIES - CLASS B
<S> <C>
<PERIOD-TYPE> 6-MOS<F2>
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 7,936,248,925
<INVESTMENTS-AT-VALUE> 7,874,367,563
<RECEIVABLES> 462,262,653
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8,336,630,216
<PAYABLE-FOR-SECURITIES> 8,000,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 47,500,778
<TOTAL-LIABILITIES> 55,500,778
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,258,071,284
<SHARES-COMMON-STOCK> 12,803,590
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 6,832,342
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 78,160,926
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (61,935,114)
<NET-ASSETS> 8,281,129,438
<DIVIDEND-INCOME> 96,752,462
<INTEREST-INCOME> 256,397,292
<OTHER-INCOME> 0
<EXPENSES-NET> (34,260,255)
<NET-INVESTMENT-INCOME> 318,889,499
<REALIZED-GAINS-CURRENT> 58,581,505
<APPREC-INCREASE-CURRENT> (324,794,987)
<NET-CHANGE-FROM-OPS> 52,676,017
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (175,921)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,846,709
<NUMBER-OF-SHARES-REDEEMED> (85,812)
<SHARES-REINVESTED> 42,693
<NET-CHANGE-IN-ASSETS> (460,338,208)
<ACCUMULATED-NII-PRIOR> 42,789,225
<ACCUMULATED-GAINS-PRIOR> 44,327,902
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (19,584,451)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (34,260,225)
<AVERAGE-NET-ASSETS> 8,689,366,877
<PER-SHARE-NAV-BEGIN> 2.360
<PER-SHARE-NII> 0.050
<PER-SHARE-GAIN-APPREC> (.120)
<PER-SHARE-DIVIDEND> (.040)
<PER-SHARE-DISTRIBUTIONS> (.000)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 2.250
<EXPENSE-RATIO> 1.240<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
<FN>
<F1> ANNUALIZED
<F2> FOR THE PERIOD JANUARY 1, 1999 (EFFECTIVE DATE) TO MARCH 31, 1999
<FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN CUSTODIAN FUNDS, INC. MARCH 31, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 051
<NAME> FRANKLIN U.S. GOVERNMENT SECURITIES SERIES - CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 8,830,540,752
<INVESTMENTS-AT-VALUE> 8,977,614,196
<RECEIVABLES> 69,217,661
<ASSETS-OTHER> 11,999
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,046,843,856
<PAYABLE-FOR-SECURITIES> 47,825,516
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 42,440,630
<TOTAL-LIABILITIES> 90,266,146
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,152,265,587
<SHARES-COMMON-STOCK> 1,257,625,277
<SHARES-COMMON-PRIOR> 1,294,456,415
<ACCUMULATED-NII-CURRENT> 7,749,283
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (350,510,604)
<ACCUM-APPREC-OR-DEPREC> 147,073,444
<NET-ASSETS> 8,956,577,710
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 322,732,768
<OTHER-INCOME> 0
<EXPENSES-NET> (31,227,318)
<NET-INVESTMENT-INCOME> 291,505,450
<REALIZED-GAINS-CURRENT> (14,242,659)
<APPREC-INCREASE-CURRENT> (185,989,099)
<NET-CHANGE-FROM-OPS> 91,273,692
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (284,242,488)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 134,037,900
<NUMBER-OF-SHARES-REDEEMED> (191,936,936)
<SHARES-REINVESTED> 21,067,898
<NET-CHANGE-IN-ASSETS> (401,224,483)
<ACCUMULATED-NII-PRIOR> 10,045,069
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (336,267,945)
<GROSS-ADVISORY-FEES> (20,635,694)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (31,227,318)
<AVERAGE-NET-ASSETS> 9,126,814,073
<PER-SHARE-NAV-BEGIN> 6.990
<PER-SHARE-NII> .220
<PER-SHARE-GAIN-APPREC> (.150)
<PER-SHARE-DIVIDEND> (.220)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 6.840
<EXPENSE-RATIO> .660<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] .000
<FN>
<F1>ANNUALIZED
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN CUSTODIAN FUNDS, INC. MARCH 31, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 052
<NAME> FRANKLIN U.S. GOVERNMENT SECURITIES SERIES - CLASS C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 8,830,540,752
<INVESTMENTS-AT-VALUE> 8,977,614,196
<RECEIVABLES> 69,217,661
<ASSETS-OTHER> 11,999
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,046,843,856
<PAYABLE-FOR-SECURITIES> 47,825,516
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 42,440,630
<TOTAL-LIABILITIES> 90,266,146
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,152,265,587
<SHARES-COMMON-STOCK> 45,865,688
<SHARES-COMMON-PRIOR> 38,976,870
<ACCUMULATED-NII-CURRENT> 7,749,283
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (350,510,604)
<ACCUM-APPREC-OR-DEPREC> 147,073,444
<NET-ASSETS> 8,956,577,710
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 322,732,768
<OTHER-INCOME> 0
<EXPENSES-NET> (31,227,318)
<NET-INVESTMENT-INCOME> 291,505,450
<REALIZED-GAINS-CURRENT> (14,242,659)
<APPREC-INCREASE-CURRENT> (185,989,099)
<NET-CHANGE-FROM-OPS> 91,273,692
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,629,733)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 15,962,521
<NUMBER-OF-SHARES-REDEEMED> (9,944,418)
<SHARES-REINVESTED> 870,715
<NET-CHANGE-IN-ASSETS> (401,224,483)
<ACCUMULATED-NII-PRIOR> 10,045,069
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (336,267,945)
<GROSS-ADVISORY-FEES> (20,635,694)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (31,227,318)
<AVERAGE-NET-ASSETS> 9,126,814,073
<PER-SHARE-NAV-BEGIN> 6.970
<PER-SHARE-NII> .200
<PER-SHARE-GAIN-APPREC> (.150)
<PER-SHARE-DIVIDEND> (.200)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 6.820
<EXPENSE-RATIO> 1.220<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] .000
<FN>
<F1>ANNUALIZED
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN CUSTODIAN FUNDS, INC. MARCH 31, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 053
<NAME> FRANKLIN U.S. GOVERNMENT SECURITIES SERIES - ADVISOR CLASS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 8,830,540,752
<INVESTMENTS-AT-VALUE> 8,977,614,196
<RECEIVABLES> 69,217,661
<ASSETS-OTHER> 11,999
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,046,843,856
<PAYABLE-FOR-SECURITIES> 47,825,516
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 42,440,630
<TOTAL-LIABILITIES> 90,266,146
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,152,265,587
<SHARES-COMMON-STOCK> 3,579,335
<SHARES-COMMON-PRIOR> 5,187,786
<ACCUMULATED-NII-CURRENT> 7,749,283
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (350,510,604)
<ACCUM-APPREC-OR-DEPREC> 147,073,444
<NET-ASSETS> 8,956,577,710
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 322,732,768
<OTHER-INCOME> 0
<EXPENSES-NET> (31,227,318)
<NET-INVESTMENT-INCOME> 291,505,450
<REALIZED-GAINS-CURRENT> (14,242,659)
<APPREC-INCREASE-CURRENT> (185,989,099)
<NET-CHANGE-FROM-OPS> 91,273,692
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (843,981)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,742,093
<NUMBER-OF-SHARES-REDEEMED> (3,457,649)
<SHARES-REINVESTED> 107,105
<NET-CHANGE-IN-ASSETS> (401,224,483)
<ACCUMULATED-NII-PRIOR> 10,045,069
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (336,267,945)
<GROSS-ADVISORY-FEES> (20,635,694)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (31,227,318)
<AVERAGE-NET-ASSETS> 9,126,814,073
<PER-SHARE-NAV-BEGIN> 7.000
<PER-SHARE-NII> .220
<PER-SHARE-GAIN-APPREC> (.150)
<PER-SHARE-DIVIDEND> (.230)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 6.840
<EXPENSE-RATIO> .560<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] .000
<FN>
<F1>ANNUALIZED
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN CUSTODIAN FUNDS, INC. MARCH 31, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 054
<NAME> FRANKLIN U.S. GOVERNMENT SECURITIES SERIES - CLASS B
<S> <C>
<PERIOD-TYPE> 6-MOS<F2>
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 8,830,540,752
<INVESTMENTS-AT-VALUE> 8,977,614,196
<RECEIVABLES> 69,217,661
<ASSETS-OTHER> 11,999
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,046,843,856
<PAYABLE-FOR-SECURITIES> 47,825,516
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 42,440,630
<TOTAL-LIABILITIES> 90,266,146
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,152,265,587
<SHARES-COMMON-STOCK> 2,636,323
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 7,749,283
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (350,510,604)
<ACCUM-APPREC-OR-DEPREC> 147,073,444
<NET-ASSETS> 8,956,577,710
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 322,732,768
<OTHER-INCOME> 0
<EXPENSES-NET> (31,227,318)
<NET-INVESTMENT-INCOME> 291,505,450
<REALIZED-GAINS-CURRENT> (14,242,659)
<APPREC-INCREASE-CURRENT> (185,989,099)
<NET-CHANGE-FROM-OPS> 91,273,692
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (85,034)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,668,349
<NUMBER-OF-SHARES-REDEEMED> (40,052)
<SHARES-REINVESTED> 8,026
<NET-CHANGE-IN-ASSETS> (401,224,483)
<ACCUMULATED-NII-PRIOR> 10,045,069
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (336,267,945)
<GROSS-ADVISORY-FEES> (20,635,694)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (31,227,318)
<AVERAGE-NET-ASSETS> 9,126,814,073
<PER-SHARE-NAV-BEGIN> 6.910
<PER-SHARE-NII> .120
<PER-SHARE-GAIN-APPREC> (.080)
<PER-SHARE-DIVIDEND> (.110)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 6.840
<EXPENSE-RATIO> 1.230<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] .000
<FN>
<F1>ANNUALIZED
<F2>FOR THE PERIOD JANUARY 1, 1999 (EFFECTIVE DATE) TO
MARCH 31, 1999.
</FN>
</TABLE>
wpdoc2\nsar\1999\fcf-77i.doc
4/28/99
NAME OF REGISTRANT:
Franklin Custodian Funds, Inc.
File No. 811--537
EXHIBIT ITEM No. 77I(b): Terms of new or amended securities
The series of the Registrant currently offer four classes of
shares, Class A, Class B, Class C and Advisor Class, except
DynaTech Series which offers two classes of shares, Class A and
Class C. Before January 1, 1999, Class A shares were designated
Class I and Class C shares were designated Class II. Growth,
Income, Utilities and U.S. Government Securities Series began
offering Class B shares on January 1, 1999. The series may offer
additional classes of shares in the future. The full title of
each class is:
DynaTech Series - Class A
DynaTech Series - Class C
Growth Series - Class A
Growth Series - Class B
Growth Series - Class C
Growth Series - Advisor Class
Income Series - Class A
Income Series - Class B
Income Series - Class C
Income Series - Advisor Class
Utilities Series - Class A
Utilities Series - Class B
Utilities Series - Class C
Utilities Series - Advisor Class
U.S. Government Securities Series - Class A
U.S. Government Securities Series - Class B
U.S. Government Securities Series - Class C
U.S. Government Securities Series - Advisor Class
Shares of each class represent proportionate interests in each
fund's assets. On matters that affect the series as a whole, each
class has the same voting and other rights and preferences as any
other class. On matters that affect only one class, only
shareholders of that class may vote. Each class votes separately
on matters affecting only that class, or expressly required to be
voted on separately by state or federal law. Shares of each class
of a series have the same voting and other rights and preferences
as the other classes and series of the Registrant for matters
that affect the Registrant as a whole. Additional series may be
offered in the future.
