<PAGE> PAGE 1
000 B000000 10/31/94
000 C000000 0000780379
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 FRANKLIN/TEMPLETON GLOBAL TRUST
001 B000000 811-4450
001 C000000 4153122000
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 4
007 C010100 1
007 C020100 GERMAN GOVERNMENT BOND FUND
007 C030100 N
007 C010200 2
007 C020200 GLOBAL CURRENCY FUND
007 C030200 N
007 C010300 3
007 C020300 HARD CURRENCY FUND
007 C030300 N
007 C010400 4
007 C020400 HIGH INCOME CURRENCY FUND
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
"008 A00AA01 FRANKLIN ADVISERS,INC."
008 B00AA01 A
008 C00AA01 801-26292
008 D01AA01 SAN MATEO
008 D02AA01 CA
008 D03AA01 94403
008 D04AA01 7777
"008 A00AA02 TEMPLETON INVESTMENT COUNSEL, INC."
008 B00AA02 S
008 C00AA02 801-15125
<PAGE> PAGE 2
008 D01AA02 SAN MATEO
008 D02AA02 CA
008 D03AA02 94403
008 D04AA02 7777
"011 A00AA01 FRANKLIN/TEMPLETON DISTRIBUTORS,INC."
011 B00AA01 8-5889
011 C01AA01 SAN MATEO
011 C02AA01 CA
011 C03AA01 94403
011 C04AA01 7777
"012 A00AA01 FRANKLIN/TEMPLETON INVESTOR SERVICES, INC."
012 B00AA01 84-1036
012 C01AA01 SAN MATEO
012 C02AA01 CA
012 C03AA01 94403
012 C04AA01 7777
013 A00AA01 COOPERS & LYBRAND
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
013 B04AA01 9922
015 A00AA01 DELETE
015 A00AA02 CHASE MANHATTAN BANK
015 B00AA02 C
015 C01AA02 NEW YORK
015 C02AA02 NY
015 C03AA02 11245
015 E01AA02 X
015 A00AA03 DELETE
015 A00AA04 CHASE MANHATTAN BANK N.A.
015 B00AA04 S
015 C01AA04 BUENOS AIRES
015 D01AA04 ARGENTINA
015 E04AA04 X
015 A00AA05 CHASE MANHATTAN BANK AUSTRALIA LIMITED
015 B00AA05 S
015 C01AA05 SYDNEY
015 D01AA05 AUSTRALIA
015 E04AA05 X
015 A00AA06 CREDITANSALT-BANKVEREIN
015 B00AA06 S
015 C01AA06 VIENNA
015 D01AA06 AUSTRIA
015 E04AA06 X
015 A00AA07 GENERALE BANK
015 B00AA07 S
015 C01AA07 BRUSSELS
015 D01AA07 BELGIUM
015 E04AA07 X
"015 A00AA08 BANCO CHASE MANHATTAN, S.A."
015 B00AA08 S
<PAGE> PAGE 3
"015 C01AA08 SAN PAULO,S.P."
015 D01AA08 BRAZIL
015 E04AA08 X
015 A00AA09 ROYAL BANK OF CANADA
015 B00AA09 S
015 C01AA09 TORONTO
015 D01AA09 CANADA
015 E04AA09 X
"015 A00AA10 CHASE MANHATTAN BANK, N.A"
015 B00AA10 S
015 C01AA10 MEXICO CITY
015 D01AA10 MEXICO
015 E04AA10 X
015 A00AA11 BANCO NACIONAL DE MEXICO
015 B00AA11 S
015 C01AA11 MEXICO CITY
015 D01AA11 MEXICO
015 E04AA11 X
015 A00AA12 CANADA TRUST COMPANY
015 B00AA12 S
015 C01AA12 TORONTO
015 D01AA12 CANADA
015 E04AA12 X
015 A00AA13 DEN DANSKE BANK
015 B00AA13 S
015 C01AA13 COPENHAGEN
015 D01AA13 DENMARK
015 E04AA13 X
015 A00AA14 CEDEL S.A.
015 B00AA14 S
015 C01AA14 LUXEMBOURG
015 D01AA14 LUXEMBOURG
015 E04AA14 X
015 A00AA15 KANSALLIS-OSAKE-PANKII
015 B00AA15 S
015 C01AA15 HELSINKI
015 D01AA15 FINLAND
015 E04AA15 X
015 A00AA16 BANQUE PARIBAS
015 B00AA16 S
015 C01AA16 PARIS
015 D01AA16 FRANCE
015 E04AA16 X
015 A00AA17 SICOVAM
015 B00AA17 S
015 C01AA17 PARIS
015 D01AA17 FRANCE
015 E04AA17 X
"015 A00AA18 CHASE BANK, A.G."
015 B00AA18 S
015 C01AA18 FRANKFURT
<PAGE> PAGE 4
015 D01AA18 GERMANY
015 E04AA18 X
015 A00AA19 DEUTSCHER KASSENVEREIN A.G.
015 B00AA19 S
015 C01AA19 FRANKFURT
015 D01AA19 GERMANY
015 E04AA19 X
"015 A00AA20 BARCLAYS BANK PLC,ATHENS"
015 B00AA20 S
015 C01AA20 ATHENS
015 D01AA20 GREECE
015 E04AA20 X
"015 A00AA21 CHASE MANHATTAN BANK, N.A."
015 B00AA21 S
015 C01AA21 CENTRAL
015 D01AA21 HONG KONG
015 E04AA21 X
015 A00AA22 HONGKONG AND SHANGHAI BANKING CORP
015 B00AA22 S
015 C01AA22 JAKARTA
015 D01AA22 INDONESIA
015 E04AA22 X
015 A00AA23 BANK OF IRELAND
015 B00AA23 S
015 C01AA23 DUBLIN
015 D01AA23 IRELAND
015 E04AA23 X
015 A00AA24 CHASE MANHATTAN BANK
015 B00AA24 S
015 C01AA24 MILAN
015 D01AA24 ITALY
015 E04AA24 X
"015 A00AA25 CHASE MANHATTAN BANK, N.A."
015 B00AA25 S
015 C01AA25 TOKYO
015 D01AA25 JAPAN
015 E04AA25 X
"015 A00AA26 CHASE MANHATTAN BANK, N.A."
015 B00AA26 S
015 C01AA26 KUALA LUMPUR
015 D01AA26 MALAYSIA
015 E04AA26 X
015 A00AA27 ABN-AMRO BANK N.V
015 B00AA27 S
015 C01AA27 AMSTERDAM
015 D01AA27 NETHERLANDS
015 E04AA27 X
015 A00AA28 NATIONAL NOMINEES LIMITED
015 B00AA28 S
015 C01AA28 AUCKLAND
015 D01AA28 NEW ZEALAND
<PAGE> PAGE 5
015 E04AA28 X
015 A00AA29 DEN NORSKE BANK
015 B00AA29 S
015 C01AA29 OSLO
015 D01AA29 NORWAY
015 E04AA29 X
015 A00AA30 HONGKONG AND SHANGHAI BANKING CORP
015 B00AA30 S
015 C01AA30 MANILLA
015 D01AA30 PHILIPPINES
015 E04AA30 X
015 A00AA31 BANCO ESPIRITO SANTO E COMMERCIAL DE LISBOA
015 B00AA31 S
015 C01AA31 LISBON
015 D01AA31 PORTUGAL
015 E04AA31 X
015 A00AA32 CHASE MANHATTAN BANK
015 B00AA32 S
015 C01AA32 SINGAPORE
015 D01AA32 SINGAPORE
015 E04AA32 X
"015 A00AA33 CHASE MANHATTAN BANK, N.A."
015 B00AA33 S
015 C01AA33 MADRID
015 D01AA33 SPAIN
015 E04AA33 X
015 A00AA34 BANQUE BRUXELLES LAMBERT
015 B00AA34 S
015 C01AA34 MADRID
015 D01AA34 SPAIN
015 E04AA34 X
015 A00AA35 HONG KONG AND SHANGHAI BANKING CORP
015 B00AA35 S
015 C01AA35 COLOMBO
015 D01AA35 SRI LANKA
015 E04AA35 X
015 A00AA36 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA36 S
015 C01AA36 STOCKHOLM
015 D01AA36 SWEDEN
015 E04AA36 X
015 A00AA37 UNION BANK OF SWITZERLAND
015 B00AA37 S
015 C01AA37 ZURICH
015 D01AA37 SWITZERLAND
015 E04AA37 X
"015 A00AA38 CHASE MANHATTAN BANK ,N.A."
015 B00AA38 S
015 C01AA38 BANGKOK
015 D01AA38 THAILAND
015 E04AA38 X
<PAGE> PAGE 6
"015 A00AA39 CHASE MANHATTAN BANK, N.A."
015 B00AA39 S
015 C01AA39 LONDON
015 D01AA39 UNITED KINGDOM
015 E04AA39 X
015 A00AA40 FIRST NATIONAL BANK OF CHICAGO
015 B00AA40 S
015 C01AA40 LONDON
015 D01AA40 UNITED KINGDOM
015 E04AA40 X
"015 A00AA41 CHASE MANHATTAN BANK,N.A."
015 B00AA41 S
015 C01AA41 ISTANBUL
015 D01AA41 TURKEY
015 E04AA41 X
015 A00AA42 TAKAS VE SAKLAMA A.S.
015 B00AA42 S
015 C01AA42 ISTANBUL
015 D01AA42 TURKEY
015 E04AA42 X
015 A00AA43 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B00AA43 S
015 C01AA43 SOUTH AFRICA
015 D01AA43 SOUTH AFRICA
015 E04AA43 X
015 A00AA44 STANDARD CHARTERED BANK
015 B00AA44 S
015 C01AA44 DHAKA
015 D01AA44 BANGLADESH
015 E04AA44 X
"015 A00AA45 CHASE MANHATTAN BANK, N.A."
015 B00AA45 S
015 C01AA45 SANTIAGO
015 D01AA45 CHILE
015 E04AA45 X
015 A00AA46 BARCLAYS BANK OF BOTSWANA LIMITED
015 B00AA46 S
015 C01AA46 BOTSWANA
015 D01AA46 BOTSWANA
015 E04AA46 X
015 A00AA47 HONGKONG AND SHANGHAI BANKING CORP
015 B00AA47 S
015 C01AA47 CHINA
015 D01AA47 CHINA
015 E04AA47 X
"015 A00AA48 CITITRUST COLOMBIA S,A, SOCIEDAD FIDUCIARIA"
015 B00AA48 S
015 C01AA48 SANTAFE DE BOGOTA
015 D01AA48 COLOMBIA
015 E04AA48 X
"015 A00AA49 CESKOSLOVENSKA OBCHODNI BANKA, A.S."
<PAGE> PAGE 7
015 B00AA49 S
015 C01AA49 CZECH REPUBLIC
015 D01AA49 CZECH REPUBLIC
015 E04AA49 X
015 A00AA50 BARCLAYS BANK OF GHANA LTD
015 B00AA50 S
015 C01AA50 GHANA
015 D01AA50 GHANA
015 E04AA50 X
015 A00AA51 CITIBANK BUDAPEST RT.
015 B00AA51 S
015 C01AA51 HUNGARY
015 D01AA51 HUNGARY
015 E04AA51 X
015 A00AA52 HONGKONG AND SHANGHAI BANKING CORP
015 B00AA52 S
015 C01AA52 BOMBAY
015 D01AA52 INDIA
015 E04AA52 X
015 A00AA53 BANK LEUMI LE-ISRAEL
015 B00AA53 S
015 C01AA53 TELAVIV
015 D01AA53 ISRAEL
015 E04AA53 X
"015 A00AA54 ARAB BANK,PLC"
015 B00AA54 S
015 C01AA54 SHMEISANI
015 D01AA54 JORDAN
015 E04AA54 X
015 A00AA55 HONGKONG AND SHANGHAI BANKING CORP
015 B00AA55 S
015 C01AA55 SEOUL
015 D01AA55 KOREA
015 E04AA55 X
015 A00AA56 HONGKONG AND SHANGHAI BANKING CORP
015 B00AA56 S
015 C01AA56 MAURITIUS
015 D01AA56 MAURITIUS
015 E04AA56 X
015 A00AA57 BANQUE COMMERCIALE DU MAROC
015 B00AA57 S
015 C01AA57 CASABLANCA
015 D01AA57 MOROCCO
015 E04AA57 X
"015 A00AA58 CITIBANK, N.A."
015 B00AA58 S
015 C01AA58 KARACHI
015 D01AA58 PAKISTAN
015 E04AA58 X
"015 A00AA59 CITIBANK,N.A."
015 B00AA59 S
<PAGE> PAGE 8
015 C01AA59 LIMA
015 D01AA59 PERU
015 E04AA59 X
"015 A00AA60 BANK HANDLOWY W WARZAWIE,S.A."
015 B00AA60 S
015 C01AA60 WARSAW
015 D01AA60 POLAND
015 E04AA60 X
"015 A00AA61 CHASE MANHATTAN BANK, N.A."
015 B00AA61 S
015 C01AA61 TAIPEI
015 D01AA61 TAIWAN
015 E04AA61 X
015 A00AA62 FIRST NATIONAL BANK OF BOSTON
015 B00AA62 S
015 C01AA62 MONTEVIDEO
015 D01AA62 URUGUAY
015 E04AA62 X
"015 A00AA63 CITIBANK,N.A."
015 B00AA63 S
015 C01AA63 CARACAS
015 D01AA63 VENEZUELA
015 E04AA63 X
015 A00AA64 BARCLAYS BANK PLC
015 B00AA64 S
015 C01AA64 HARARE
015 D01AA64 ZIMBABWE
015 E04AA64 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 114
019 C00AA00 FRANKLNGRP
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
"022 A000001 CHASE MANHATTAN BANK , N.A."
022 B000001 13-2633612
022 C000001 158340
022 D000001 36388
022 A000002 MERRILL LYNCH PIERCE FENNER
022 B000002 13-5674085
022 C000002 180372
022 D000002 10644
<PAGE> PAGE 9
022 A000003 BANKERS TRUST CO
022 B000003 13-4941247
022 C000003 51405
022 D000003 19624
022 A000004 MORGAN(JP)SECURITIES INC
022 B000004 13-3224016
022 C000004 41385
022 D000004 0
022 A000005 DEUTSCHE BANK CAPITAL CORP
022 B000005 13-6124068
022 C000005 14958
022 D000005 9548
022 A000006 MORGAN GUARANTY
022 C000006 19744
022 D000006 0
022 A000007 MORGAN STANLEY & CO. INC.
022 B000007 13-2655998
022 C000007 13986
022 D000007 3551
022 A000008 GOLDMAN SACHS
022 B000008 13-5108880
022 C000008 8702
022 D000008 899
022 A000009 SWISS BANK CORPORATION INVESTMENT BANKING
022 B000009 13-2639550
022 C000009 3687
022 D000009 3785
022 A000010 LEHMAN BROTHERS SECS
022 B000010 13-2518466
022 C000010 2844
022 D000010 0
023 C000000 506251
023 D000000 93720
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
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025 D00AA07 0
025 D00AA08 0
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
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<PAGE> PAGE 10
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
049 00AA00 N
050 00AA00 N
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052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 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 N
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
070 A01AA00 Y
070 A02AA00 N
070 B01AA00 N
070 B02AA00 N
070 C01AA00 N
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 N
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 Y
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 N
<PAGE> PAGE 11
070 K02AA00 N
070 L01AA00 Y
070 L02AA00 Y
070 M01AA00 Y
070 M02AA00 Y
070 N01AA00 N
070 N02AA00 N
070 O01AA00 N
070 O02AA00 N
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
077 A000000 Y
077 B000000 Y
078 000000 N
086 A010000 0
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086 C020000 0
086 D010000 0
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086 E010000 0
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086 F010000 0
086 F020000 0
024 000100 N
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028 A040100 1058
028 B010100 322
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028 C010100 465
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<PAGE> PAGE 12
028 F010100 641
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<PAGE> PAGE 13
048 K010100 0
048 K020100 0.000
055 A000100 N
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062 R000100 12.4
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066 A000100 N
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<PAGE> PAGE 14
072 L000100 0
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<PAGE> PAGE 15
074 V010100 13.26
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080 A000100 ICI MUTUAL INSURANCE COMPANY
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080 C000100 130
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<PAGE> PAGE 16
029 000200 Y
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<PAGE> PAGE 17
060 B000200 Y
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<PAGE> PAGE 18
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073 A010200 0.2800
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 99
074 B000200 0
074 C000200 44561
074 D000200 11938
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 691
074 M000200 0
074 N000200 57289
074 O000200 0
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 1191
074 S000200 0
074 T000200 56098
074 U010200 3967
074 U020200 0
074 V010200 14.14
074 V020200 0.00
074 W000200 0.0000
074 X000200 3062
074 Y000200 0
075 A000200 0
075 B000200 52986
076 000200 0.00
080 A000200 ICI MUTUAL INSURANCE COMPANY
<PAGE> PAGE 19
080 B000200 NONE
080 C000200 130
081 A000200 Y
081 B000200 186
082 A000200 N
082 B000200 0
083 A000200 N
083 B000200 0
084 A000200 N
084 B000200 0
085 A000200 Y
085 B000200 N
024 000300 N
028 A010300 14462
028 A020300 85
028 A030300 0
028 A040300 1217
028 B010300 5900
028 B020300 123
028 B030300 0
028 B040300 1545
028 C010300 8901
028 C020300 160
028 C030300 0
028 C040300 2343
028 D010300 6930
028 D020300 173
028 D030300 0
028 D040300 8778
028 E010300 9676
028 E020300 139
028 E030300 0
028 E040300 13750
028 F010300 6940
028 F020300 170
028 F030300 0
028 F040300 4564
028 G010300 52809
028 G020300 850
028 G030300 0
028 G040300 32198
028 H000300 35871
029 000300 Y
030 A000300 357
030 B000300 3.00
030 C000300 0.00
031 A000300 4
031 B000300 0
032 000300 353
033 000300 0
042 A000300 0
<PAGE> PAGE 20
042 B000300 0
042 C000300 100
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 96
044 000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.650
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
055 A000300 N
055 B000300 N
056 000300 Y
057 000300 N
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 100
062 A000300 Y
062 B000300 51.4
062 C000300 4.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
<PAGE> PAGE 21
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 33.3
062 M000300 0.0
062 N000300 8.1
062 O000300 0.0
062 P000300 4.6
062 Q000300 10.2
062 R000300 -11.6
063 A000300 42
063 B000300 0.0
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 Y
069 000300 N
071 A000300 17982
071 B000300 1503
071 C000300 5303
071 D000300 28
072 A000300 12
072 B000300 1337
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 179
072 G000300 0
072 H000300 0
072 I000300 7
072 J000300 15
072 K000300 0
072 L000300 0
072 M000300 3
072 N000300 18
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 12
072 S000300 3
072 T000300 96
072 U000300 0
072 V000300 11
072 W000300 10
072 X000300 354
072 Y000300 66
072 Z000300 1048
072AA000300 4082
072BB000300 1
072CC010300 0
<PAGE> PAGE 22
072CC020300 82
072DD010300 1021
072DD020300 0
072EE000300 0
073 A010300 0.2500
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 3
074 B000300 0
074 C000300 54311
074 D000300 14031
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 54
074 L000300 1254
074 M000300 405
074 N000300 70058
074 O000300 7190
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 1640
074 S000300 0
074 T000300 61228
074 U010300 4389
074 U020300 0
074 V010300 13.95
074 V020300 0.00
074 W000300 0.0000
074 X000300 3344
074 Y000300 0
075 A000300 0
075 B000300 54749
076 000300 0.00
080 A000300 ICI MUTUAL INSURANCE COMPANY
080 B000300 NONE
080 C000300 130
081 A000300 Y
081 B000300 186
082 A000300 N
082 B000300 0
083 A000300 N
083 B000300 0
084 A000300 N
<PAGE> PAGE 23
084 B000300 0
085 A000300 Y
085 B000300 N
024 000400 N
028 A010400 2014
028 A020400 47
028 A030400 0
028 A040400 577
028 B010400 38
028 B020400 50
028 B030400 0
028 B040400 434
028 C010400 655
028 C020400 50
028 C030400 0
028 C040400 772
028 D010400 87
028 D020400 50
028 D030400 0
028 D040400 1186
028 E010400 129
028 E020400 49
028 E030400 0
028 E040400 318
028 F010400 308
028 F020400 58
028 F030400 0
028 F040400 528
028 G010400 3231
028 G020400 303
028 G030400 0
028 G040400 3816
028 H000400 2465
029 000400 Y
030 A000400 7
030 B000400 3.00
030 C000400 0.00
031 A000400 0
031 B000400 0
032 000400 7
033 000400 0
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 18
044 000400 0
<PAGE> PAGE 24
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.650
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
058 A000400 N
059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 100
062 A000400 Y
062 B000400 18.3
062 C000400 8.3
062 D000400 0.0
062 E000400 0.0
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 67.1
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
<PAGE> PAGE 25
062 Q000400 3.9
062 R000400 2.4
063 A000400 48
063 B000400 0.0
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 Y
069 000400 N
071 A000400 1402
071 B000400 757
071 C000400 95
071 D000400 800
072 A000400 12
072 B000400 565
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 57
072 G000400 0
072 H000400 0
072 I000400 5
072 J000400 9
072 K000400 0
072 L000400 0
072 M000400 3
072 N000400 12
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 9
072 S000400 4
072 T000400 18
072 U000400 0
072 V000400 6
072 W000400 4
072 X000400 127
072 Y000400 36
072 Z000400 474
072AA000400 672
072BB000400 364
072CC010400 145
072CC020400 0
072DD010400 473
072DD020400 0
072EE000400 0
073 A010400 0.3100
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 291
<PAGE> PAGE 26
074 B000400 0
074 C000400 15807
074 D000400 663
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 27
074 L000400 276
074 M000400 12
074 N000400 17076
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 198
074 S000400 0
074 T000400 16878
074 U010400 1456
074 U020400 0
074 V010400 11.59
074 V020400 0.00
074 W000400 0.0000
074 X000400 1388
074 Y000400 0
075 A000400 0
075 B000400 17291
076 000400 0.00
080 A000400 ICI MUTUAL INSURANCE COMPANY
080 B000400 NONE
080 C000400 130
081 A000400 Y
081 B000400 186
082 A000400 N
082 B000400 0
083 A000400 N
083 B000400 0
084 A000400 N
084 B000400 0
085 A000400 Y
085 B000400 N
SIGNATURE JAMES R BAIO
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE FRANKLIN/TEMPLETON GLOBAL CURRENCY FUND, OCTOBER 31,
1994 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> GLOBAL CURRENCY FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1994<F1>
<PERIOD-END> OCT-31-1994
<INVESTMENTS-AT-COST> 53393919
<INVESTMENTS-AT-VALUE> 56499965
<RECEIVABLES> 691220
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 50792
<TOTAL-ASSETS> 57241977
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1144079
<TOTAL-LIABILITIES> 1144079
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 51899155<F2>
<SHARES-COMMON-STOCK> 3966828
<SHARES-COMMON-PRIOR> 3720705
<ACCUMULATED-NII-CURRENT> 1263410<F2>
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (19002)<F2>
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2954335
<NET-ASSETS> 56097898
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1225371
<OTHER-INCOME> 0
<EXPENSES-NET> 278384
<NET-INVESTMENT-INCOME> 946987
<REALIZED-GAINS-CURRENT> 168703
<APPREC-INCREASE-CURRENT> 1038648
<NET-CHANGE-FROM-OPS> 2154338
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1051089)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 778474
<NUMBER-OF-SHARES-REDEEMED> (592991)
<SHARES-REINVESTED> 60640
<NET-CHANGE-IN-ASSETS> 4558544
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1170436
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 173619
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 299847
<AVERAGE-NET-ASSETS> 52985792
<PER-SHARE-NAV-BEGIN> 13.85
<PER-SHARE-NII> .25
<PER-SHARE-GAIN-APPREC> .32
<PER-SHARE-DIVIDEND> (0.28)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.14
<EXPENSE-RATIO> 1.04<F3>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>EFFECTIVE MAY 1, 1994 THE FUND HAS CHANGED ITS FISCAL YEAR
END FROM APRIL 30 TO OCTOBER 31.
<F2>AS A RESULT OF SECURITIES HAVING DIFFERING BOOK AND TAX BASIS,
$9,371 HAS BEEN RECLASSIFIED FROM PAID IN CAPITAL AND $1,358,141
HAS BEEN RECLASSIFIED FROM ACCUMULATED NET REALIZED GAIN TO
ACCUMULATED NET INVESTMENT INCOME.
<F3>EXPENSE RATIO WITHOUT REIMBURSEMENT EQUALED 1.12%.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The schedule contains summary financial information extracted from the
Franklin/Templeton German Government Bond Fund October 31, 1994 annual
report and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> GERMAN GOVERNMENT BOND FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1994<F1>
<PERIOD-END> OCT-31-1994
<INVESTMENTS-AT-COST> 10965931
<INVESTMENTS-AT-VALUE> 11594359
<RECEIVABLES> 316361
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1462694
<TOTAL-ASSETS> 13373414
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 137212
<TOTAL-LIABILITIES> 137212
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12169208<F2>
<SHARES-COMMON-STOCK> 998153
<SHARES-COMMON-PRIOR> 1085180
<ACCUMULATED-NII-CURRENT> 56449
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 367990<F2>
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 642555
<NET-ASSETS> 13236202
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 484332
<OTHER-INCOME> 0
<EXPENSES-NET> 115578
<NET-INVESTMENT-INCOME> 416205
<REALIZED-GAINS-CURRENT> 367990
<APPREC-INCREASE-CURRENT> 570451
<NET-CHANGE-FROM-OPS> 1354646
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (359756)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 285392
<NUMBER-OF-SHARES-REDEEMED> (393668)
<SHARES-REINVESTED> 21249
<NET-CHANGE-IN-ASSETS> (104848)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (128660)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 35908
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 115578
<AVERAGE-NET-ASSETS> 12951154
<PER-SHARE-NAV-BEGIN> 12.29
<PER-SHARE-NII> .41
<PER-SHARE-GAIN-APPREC> .92
<PER-SHARE-DIVIDEND> (.36)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.26
<EXPENSE-RATIO> 1.04<F3>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Effective May 1, the Fund has changed its fiscal year end from
April 30 to October 31.
<F2>As a result of securities having different Book and Tax bases, $128,660
has been reclassified from paid-in-capital to accumulated net gains.
<F3>Expense ratio without reimbursement equaled 1.77%
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The schedule contains summary financial information extracted from
the Franklin/Templeton Hard Currency Fund, October 31, 1994
annual report and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> HARD CURRENCY FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1994<F1>
<PERIOD-END> OCT-31-1994
<INVESTMENTS-AT-COST> 67828205
<INVESTMENTS-AT-VALUE> 68342723
<RECEIVABLES> 1253677
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 461751
<TOTAL-ASSETS> 70058151
<PAYABLE-FOR-SECURITIES> 7189514
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1640138
<TOTAL-LIABILITIES> 8829652
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 56101693<F2>
<SHARES-COMMON-STOCK> 4389197
<SHARES-COMMON-PRIOR> 2760453
<ACCUMULATED-NII-CURRENT> (180084)<F2>
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4385109<F2>
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 921781
<NET-ASSETS> 61228499
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1336568
<OTHER-INCOME> 0
<EXPENSES-NET> 354346
<NET-INVESTMENT-INCOME> 1047942
<REALIZED-GAINS-CURRENT> 4083196
<APPREC-INCREASE-CURRENT> (81683)
<NET-CHANGE-FROM-OPS> 5049455
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1021165)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3949459
<NUMBER-OF-SHARES-REDEEMED> (2383635)
<SHARES-REINVESTED> 62920
<NET-CHANGE-IN-ASSETS> 25489701
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (561323)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 179397
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 354346
<AVERAGE-NET-ASSETS> 54749028
<PER-SHARE-NAV-BEGIN> 12.95
<PER-SHARE-NII> .26
<PER-SHARE-GAIN-APPREC> .99
<PER-SHARE-DIVIDEND> (.25)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.95
<EXPENSE-RATIO> 1.05<F3>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Effective May 1, the Fund has changed its fiscal year end from
April 30 to October 31.
<F2>As a result of securities having different book and tax bases,
$656,375 has been reclassified from paid-in-capital to accumulated
net investment loss and $863,236 has been reclassified from net
investment loss to accumulated net realized gain.
<F3>Expense ratio without reimbursement equaled 1.28%.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN/TEMPLETON HIGH INCOME CURRENCY FUND, OCTOBER 31,1994 ANNUAL
REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> HIGH INCOME CURRENCY FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1994<F1>
<PERIOD-END> OCT-31-1994
<INVESTMENTS-AT-COST> 16118858
<INVESTMENTS-AT-VALUE> 16469918
<RECEIVABLES> 276519
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 329464
<TOTAL-ASSETS> 17075901
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 197624
<TOTAL-LIABILITIES> 197624
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16179228<F2>
<SHARES-COMMON-STOCK> 1456305
<SHARES-COMMON-PRIOR> 1480407
<ACCUMULATED-NII-CURRENT> 18961<F2>
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 308224<F2>
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 371864
<NET-ASSETS> 16878277
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 565048
<OTHER-INCOME> 0
<EXPENSES-NET> 126800
<NET-INVESTMENT-INCOME> 474320
<REALIZED-GAINS-CURRENT> 308224
<APPREC-INCREASE-CURRENT> 144770
<NET-CHANGE-FROM-OPS> 927314
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (472638)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 285182
<NUMBER-OF-SHARES-REDEEMED> (335876)
<SHARES-REINVESTED> 26592
<NET-CHANGE-IN-ASSETS> 172383
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 7285
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 56657
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 126800
<AVERAGE-NET-ASSETS> 17290770
<PER-SHARE-NAV-BEGIN> 11.28
<PER-SHARE-NII> .31
<PER-SHARE-GAIN-APPREC> .31
<PER-SHARE-DIVIDEND> (.31)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.59
<EXPENSE-RATIO> 1.04<F3>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Effective May 1, 1994, the Fund has changed its fiscal year from
April 30 to October 31.
<F2>As a result of securities having differing book and tax basis $9,994
has been reclassified from paid in capital and $7,285 has been
reclassified from accumulated net realized gain to accumulated net
investment income.
<F3>Expense ratio without reimbursement equaled 1.45%.
</FN>
</TABLE>
REPORT OF INDEPENDENT ACCOUNTANTS
To the Shareholders and Board of Trustees
of Franklin/Templeton Global Trust :
In planning and performing our audit of the financial
statements and financial highlights of Franklin/Templeton Global
Trust for the year ended October 31, 1994 we considered its
internal control structure, including procedures for
safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing an 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 Franklin/Templeton Global Trust is
responsible for establishing and maintaining an internal control
structure. In fulfilling this responsibility, estimates and
judgments 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 accordance 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 operations may deteriorate.
Our consideration of the internal control structure would not
necessarily disclose all matters in the internal control
structure that might be material weakness' 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
weakness', as defined above, as of October 31, 1994.
This report is intended solely for the information and use of
management of Franklin/Templeton Global Trust and the Securities
and Exchange Commission.
COOPERS & LYBRAND L.L.P.
Boston, Massachusetts
December 5, 1994
