<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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028 D020300 88
028 D030300 0
028 D040300 1574
028 E010300 1732
028 E020300 103
028 E030300 0
028 E040300 935
028 F010300 1330
028 F020300 108
028 F030300 0
028 F040300 969
028 G010300 6563
028 G020300 571
028 G030300 0
<PAGE> PAGE 19
028 G040300 9548
028 H000300 6563
029 000300 Y
030 A000300 53
030 B000300 1.50
030 C000300 0.00
031 A000300 0
031 B000300 0
032 000300 53
033 000300 0
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 31
044 000300 6
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 500000
048 A020300 0.500
048 B010300 500000
048 B020300 0.450
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 1000000
048 K020300 0.400
055 A000300 Y
055 B000300 N
056 000300 N
057 000300 N
058 A000300 N
<PAGE> PAGE 20
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 25000
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
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 N
066 F000300 Y
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
<PAGE> PAGE 21
070 J010300 Y
070 J020300 N
070 K010300 N
070 K020300 N
070 L010300 Y
070 L020300 N
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 5515
071 B000300 5677
071 C000300 23699
071 D000300 23
072 A000300 6
072 B000300 136
072 C000300 720
072 D000300 0
072 E000300 0
072 F000300 72
072 G000300 0
072 H000300 0
072 I000300 1
072 J000300 1
072 K000300 3
072 L000300 1
072 M000300 2
072 N000300 8
072 O000300 0
072 P000300 0
072 Q000300 20
072 R000300 5
072 S000300 0
072 T000300 31
072 U000300 0
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072 X000300 146
072 Y000300 0
072 Z000300 710
072AA000300 0
072BB000300 86
072CC010300 0
<PAGE> PAGE 22
072CC020300 66
072DD010300 659
072DD020300 0
072EE000300 0
073 A010300 0.5400
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 5914
074 C000300 0
074 D000300 0
074 E000300 23331
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 90
074 M000300 0
074 N000300 29335
074 O000300 0
074 P000300 22
074 Q000300 0
074 R010300 0
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074 R030300 0
074 R040300 36
074 S000300 0
074 T000300 29277
074 U010300 1240
074 U020300 0
074 V010300 23.61
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074 W000300 0.0000
074 X000300 493
074 Y000300 0
075 A000300 0
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076 000300 0.00
SIGNATURE DIOMEDES LOO-TAM
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
MANAGED TRUST MARCH 31, 1995 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTERETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> FRANKLIN RISING DIVIDENDS FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 200,831,565
<INVESTMENTS-AT-VALUE> 219,142,770
<RECEIVABLES> 29,056,617
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 248,199,387
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 828,339
<TOTAL-LIABILITIES> 828,339
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 238,100,343
<SHARES-COMMON-STOCK> 16,100,197
<SHARES-COMMON-PRIOR> 17,826,523
<ACCUMULATED-NII-CURRENT> 465,995
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9,506,495)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 18,311,205
<NET-ASSETS> 247,371,048
<DIVIDEND-INCOME> 3,578,345
<INTEREST-INCOME> 726,633
<OTHER-INCOME> 0
<EXPENSES-NET> (1,788,196)
<NET-INVESTMENT-INCOME> 2,516,782
<REALIZED-GAINS-CURRENT> 1,219,021
<APPREC-INCREASE-CURRENT> 9,974,444
<NET-CHANGE-FROM-OPS> 13,710,247
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,714,829)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 966,621
<NUMBER-OF-SHARES-REDEEMED> (2,838,901)
<SHARES-REINVESTED> 145,954
<NET-CHANGE-IN-ASSETS> (14,090,093)
<ACCUMULATED-NII-PRIOR> 664,042
<ACCUMULATED-GAINS-PRIOR> (10,725,516)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (921,324)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,788,196)
<AVERAGE-NET-ASSETS> 245,793,585
<PER-SHARE-NAV-BEGIN> 14.670
<PER-SHARE-NII> .150
<PER-SHARE-GAIN-APPREC> .703
<PER-SHARE-DIVIDEND> (.163)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 15.360
<EXPENSE-RATIO> 1.460
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN MANAGED TRUST MARCH 31, 1995 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> FRANKLIN INVESTMENT GRADE INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 24,441,049
<INVESTMENTS-AT-VALUE> 23,985,508
<RECEIVABLES> 4,418,503
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 28,404,011
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 176,920
<TOTAL-LIABILITIES> 176,920
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 29,927,089
<SHARES-COMMON-STOCK> 3,200,803
<SHARES-COMMON-PRIOR> 3,351,180
<ACCUMULATED-NII-CURRENT> 158,364
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,402,821)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (455,541)
<NET-ASSETS> 28,227,091
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 876,834
<OTHER-INCOME> 0
<EXPENSES-NET> (155,208)
<NET-INVESTMENT-INCOME> 721,626
<REALIZED-GAINS-CURRENT> (552,969)
<APPREC-INCREASE-CURRENT> 660,247
<NET-CHANGE-FROM-OPS> 828,904
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (829,311)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 479,732
<NUMBER-OF-SHARES-REDEEMED> (690,125)
<SHARES-REINVESTED> 60,016
<NET-CHANGE-IN-ASSETS> (1,326,250)
<ACCUMULATED-NII-PRIOR> 266,049
<ACCUMULATED-GAINS-PRIOR> (849,852)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (70,911)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (155,208)
<AVERAGE-NET-ASSETS> 28,375,740
<PER-SHARE-NAV-BEGIN> 8.820
<PER-SHARE-NII> .230
<PER-SHARE-GAIN-APPREC> .027
<PER-SHARE-DIVIDEND> (.257)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 8.820
<EXPENSE-RATIO> 1.090
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
MANAGED TRUST MARCH 31, 1995 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> FRANKLIN CORPORATE QUALIFIED DIVIDEND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 23,999,124
<INVESTMENTS-AT-VALUE> 23,331,307
<RECEIVABLES> 6,004,054
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29,335,361
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 58,476
<TOTAL-LIABILITIES> 58,476
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 40,158,811
<SHARES-COMMON-STOCK> 1,240,160
<SHARES-COMMON-PRIOR> 1,342,017
<ACCUMULATED-NII-CURRENT> 282,333
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (10,496,442)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (667,817)
<NET-ASSETS> 29,276,885
<DIVIDEND-INCOME> 720,529
<INTEREST-INCOME> 135,572
<OTHER-INCOME> 0
<EXPENSES-NET> (146,487)
<NET-INVESTMENT-INCOME> 709,614
<REALIZED-GAINS-CURRENT> (85,638)
<APPREC-INCREASE-CURRENT> (65,702)
<NET-CHANGE-FROM-OPS> 558,274
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (658,581)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 279,363
<NUMBER-OF-SHARES-REDEEMED> (405,538)
<SHARES-REINVESTED> 24,318
<NET-CHANGE-IN-ASSETS> (2,513,481)
<ACCUMULATED-NII-PRIOR> 231,300
<ACCUMULATED-GAINS-PRIOR> (10,410,804)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (71,796)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (146,487)
<AVERAGE-NET-ASSETS> 28,737,339
<PER-SHARE-NAV-BEGIN> 23.690
<PER-SHARE-NII> 0.600
<PER-SHARE-GAIN-APPREC> (0.140)
<PER-SHARE-DIVIDEND> (0.540)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 23.610
<EXPENSE-RATIO> 1.020
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
