<PAGE> PAGE 1
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<PAGE> PAGE 2
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015 E04AA06 X
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<PAGE> PAGE 3
015 A00AA08 THE HONG KONG & SHANGHAI BANKING CORP.
015 B00AA08 S
015 C01AA08 SHANGHAI
015 D01AA08 CHINA
015 E04AA08 X
015 A00AA09 THE HONG KONG & SHANGHAI BANKING CORP.
015 B00AA09 S
015 C01AA09 SHENZHEN
015 D01AA09 CHINA
015 E04AA09 X
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015 E04AA12 X
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015 B00AA13 S
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015 D01AA13 FRANCE
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<PAGE> PAGE 4
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015 D01AA18 INDONESIA
015 E04AA18 X
015 A00AA19 BANK OF IRELAND
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015 C01AA19 DUBLIN
015 D01AA19 IRELAND
015 E04AA19 X
015 A00AA20 CITIBANK, N.A.
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015 E04AA22 X
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015 A00AA27 STANDARD CHARTERED BANK
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<PAGE> PAGE 5
015 C01AA28 MANILA
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015 A00AA29 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
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015 A00AA33 THE HONG KONG & SHANGHAI BANKING CORP. LTD.
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<PAGE> PAGE 6
015 D01AA38 UNITED KINGDOM
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015 A00AA39 UNITED MALAYAN BANKING CORPORATION BERHAD
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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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074 V020200 0.00
074 W000200 0.0000
074 X000200 1898
074 Y000200 2997
075 A000200 0
075 B000200 28808
076 000200 0.00
024 000300 N
025 A000301 DELETE
025 D000301 0
025 A000302 DELETE
025 D000302 0
025 A000303 DELETE
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
<PAGE> PAGE 19
025 D000308 0
028 A010300 797
028 A020300 110
028 A030300 0
028 A040300 2106
028 B010300 863
028 B020300 105
028 B030300 0
028 B040300 937
028 C010300 1118
028 C020300 105
028 C030300 0
028 C040300 1392
028 D010300 550
028 D020300 104
028 D030300 0
028 D040300 1219
028 E010300 1505
028 E020300 101
028 E030300 0
028 E040300 1832
028 F010300 1605
028 F020300 100
028 F030300 0
028 F040300 1236
028 G010300 6438
028 G020300 625
028 G030300 0
028 G040300 8722
028 H000300 6438
029 000300 Y
030 A000300 112
030 B000300 1.50
030 C000300 0.00
031 A000300 0
031 B000300 0
032 000300 112
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 64
044 000300 15
045 000300 Y
046 000300 N
047 000300 Y
<PAGE> PAGE 20
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
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
063 A000300 0
<PAGE> PAGE 21
063 B000300 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
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 6815
071 B000300 8291
071 C000300 23358
<PAGE> PAGE 22
071 D000300 29
072 A000300 12
072 B000300 272
072 C000300 1441
072 D000300 0
072 E000300 0
072 F000300 142
072 G000300 0
072 H000300 0
072 I000300 4
072 J000300 3
072 K000300 5
072 L000300 4
072 M000300 3
072 N000300 13
072 O000300 0
072 P000300 0
072 Q000300 40
072 R000300 11
072 S000300 1
072 T000300 62
072 U000300 0
072 V000300 0
072 W000300 2
072 X000300 290
072 Y000300 0
072 Z000300 1423
072AA000300 26
072BB000300 87
072CC010300 85
072CC020300 0
072DD010300 1370
072DD020300 0
072EE000300 0
073 A010300 1.1400
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 31
074 B000300 5277
074 C000300 0
074 D000300 0
074 E000300 22192
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 561
074 M000300 0
<PAGE> PAGE 23
074 N000300 28061
074 O000300 0
074 P000300 22
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 246
074 S000300 0
074 T000300 27793
074 U010300 1170
074 U020300 0
074 V010300 23.76
074 V020300 0.00
074 W000300 0.0000
074 X000300 477
074 Y000300 0
075 A000300 0
075 B000300 28365
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 SEPTEMBER 30, 1995 ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 011
<NAME> FRANKLIN RISING DIVIDENDS FUND - CLASS I
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-END> SEP-30-1995
<INVESTMENTS-AT-COST> 189,942,149
<INVESTMENTS-AT-VALUE> 231,596,280
<RECEIVABLES> 31,720,652
<ASSETS-OTHER> 38,546
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 263,355,478
<PAYABLE-FOR-SECURITIES> 561,073
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 817,147
<TOTAL-LIABILITIES> 1,378,220
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 222,535,474
<SHARES-COMMON-STOCK> 15,070,272
<SHARES-COMMON-PRIOR> 17,826,523
<ACCUMULATED-NII-CURRENT> 1,107,307
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,319,654)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 41,654,131
<NET-ASSETS> 261,977,258
<DIVIDEND-INCOME> 7,090,181
<INTEREST-INCOME> 1,698,547
<OTHER-INCOME> 0
<EXPENSES-NET> (3,550,803)
<NET-INVESTMENT-INCOME> 5,237,925
<REALIZED-GAINS-CURRENT> 7,405,862
<APPREC-INCREASE-CURRENT> 33,317,370
<NET-CHANGE-FROM-OPS> 45,961,157
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,790,807)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,917,424
<NUMBER-OF-SHARES-REDEEMED> (4,919,093)
<SHARES-REINVESTED> 245,418
<NET-CHANGE-IN-ASSETS> 516,117
<ACCUMULATED-NII-PRIOR> 664,042
<ACCUMULATED-GAINS-PRIOR> (10,725,516)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,866,215
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,550,803
<AVERAGE-NET-ASSETS> 248,700,136
<PER-SHARE-NAV-BEGIN> 14.670
<PER-SHARE-NII> .330
<PER-SHARE-GAIN-APPREC> 2.608
<PER-SHARE-DIVIDEND> (.298)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 17.310
<EXPENSE-RATIO> 1.430
<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 SEPTEMBER 30, 1995 ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 012
<NAME> FRANKLIN RISING DIVIDENDS FUND - CLASS II
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-END> SEP-30-1995
<INVESTMENTS-AT-COST> 189,942,149
<INVESTMENTS-AT-VALUE> 231,596,280
<RECEIVABLES> 31,720,652
<ASSETS-OTHER> 38,546
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 263,355,478
<PAYABLE-FOR-SECURITIES> 561,073
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 817,147
<TOTAL-LIABILITIES> 1,378,220
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 222,535,474
<SHARES-COMMON-STOCK> 61,326
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,107,307
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,319,654)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 41,654,131
<NET-ASSETS> 261,977,258
<DIVIDEND-INCOME> 7,090,181
<INTEREST-INCOME> 1,698,547
<OTHER-INCOME> 0
<EXPENSES-NET> (3,550,803)
<NET-INVESTMENT-INCOME> 5,237,925
<REALIZED-GAINS-CURRENT> 7,405,862
<APPREC-INCREASE-CURRENT> 33,317,370
<NET-CHANGE-FROM-OPS> 45,961,157
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,853)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 61,207
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 119
<NET-CHANGE-IN-ASSETS> 516,117
<ACCUMULATED-NII-PRIOR> 664,042
<ACCUMULATED-GAINS-PRIOR> (10,725,516)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,866,215
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,550,803
<AVERAGE-NET-ASSETS> 383,312
<PER-SHARE-NAV-BEGIN> 15.470
<PER-SHARE-NII> .130
<PER-SHARE-GAIN-APPREC> 1.806
<PER-SHARE-DIVIDEND> (.126)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 17.280
<EXPENSE-RATIO> 1.900
<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 SEPTEMBER 30, 1995 ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 02
<NAME> FRANKLIN INVESTMENT GRADE INCOME FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-END> SEP-30-1995
<INVESTMENTS-AT-COST> 20,959,947
<INVESTMENTS-AT-VALUE> 21,445,708
<RECEIVABLES> 8,352,968
<ASSETS-OTHER> 64,906
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29,863,582
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 39,876
<TOTAL-LIABILITIES> 39,876
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 30,628,038
<SHARES-COMMON-STOCK> 3,298,953
<SHARES-COMMON-PRIOR> 3,351,180
<ACCUMULATED-NII-CURRENT> 140,167
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,430,260)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 485,761
<NET-ASSETS> 29,823,706
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,741,614
<OTHER-INCOME> 0
<EXPENSES-NET> (313,387)
<NET-INVESTMENT-INCOME> 1,428,227
<REALIZED-GAINS-CURRENT> (759,019)
<APPREC-INCREASE-CURRENT> 1,601,549
<NET-CHANGE-FROM-OPS> 2,270,757
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,554,109)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,017,305
<NUMBER-OF-SHARES-REDEEMED> (1,183,594)
<SHARES-REINVESTED> 114,062
<NET-CHANGE-IN-ASSETS> 270,365
<ACCUMULATED-NII-PRIOR> 266,049
<ACCUMULATED-GAINS-PRIOR> (849,852)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 144,062
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 313,387
<AVERAGE-NET-ASSETS> 28,808,257
<PER-SHARE-NAV-BEGIN> 8.820
<PER-SHARE-NII> .440
<PER-SHARE-GAIN-APPREC> .259
<PER-SHARE-DIVIDEND> (.479)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 9.040
<EXPENSE-RATIO> 1.090
<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 SEPTEMBER 30,1995 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 03
<NAME> FRANKLIN CORPORATE QUALIFIED DIVIDEND FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-END> SEP-30-1995
<INVESTMENTS-AT-COST> 22,709,584
<INVESTMENTS-AT-VALUE> 22,192,066
<RECEIVABLES> 5,838,332
<ASSETS-OTHER> 30,950
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 28,061,348
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 268,315
<TOTAL-LIABILITIES> 268,315
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36,441,597
<SHARES-COMMON-STOCK> 1,169,933
<SHARES-COMMON-PRIOR> 1,342,017
<ACCUMULATED-NII-CURRENT> 284,215
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (8,415,261)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (517,518)
<NET-ASSETS> 27,793,033
<DIVIDEND-INCOME> 1,440,594
<INTEREST-INCOME> 272,095
<OTHER-INCOME> 0
<EXPENSES-NET> (289,816)
<NET-INVESTMENT-INCOME> 1,422,873
<REALIZED-GAINS-CURRENT> (61,429)
<APPREC-INCREASE-CURRENT> 84,597
<NET-CHANGE-FROM-OPS> 1,446,041
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,369,958)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 551,238
<NUMBER-OF-SHARES-REDEEMED> (774,100)
<SHARES-REINVESTED> 50,778
<NET-CHANGE-IN-ASSETS> (3,997,333)
<ACCUMULATED-NII-PRIOR> 231,300
<ACCUMULATED-GAINS-PRIOR> (10,410,804)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 141,798
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 289,816
<AVERAGE-NET-ASSETS> 28,365,485
<PER-SHARE-NAV-BEGIN> 23.690
<PER-SHARE-NII> 1.210
<PER-SHARE-GAIN-APPREC> .000
<PER-SHARE-DIVIDEND> (1.140)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 23.760
<EXPENSE-RATIO> 1.020
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
Philadelphia, Pennsylvania
October 27, 1995
TAIT, WELLER & BAKER
Certified Public Accountants
REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
ON INTERNAL CONTROL STRUCTURE
Board of Trustees
Franklin Managed Trust
San Mateo, California
In planning and performing our audit of the financial
statements of the Franklin Rising Dividends Portfolio,
Franklin Corporate Qualified Dividend Portfolio and Franklin
Investment Grade Portfolio, each a series of shares of
Franklin Managed Trust, for the year ended September 30,
1995, we considered their internal control structures,
including procedures for safeguarding securities, in order
to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and to
comply with the requirements of Form N-SAR, not to provide
assurance on the internal control structures.
The management of the 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 conformity with generally accepted accounting
principles.
Because of inherent limitations in any internal control
structure, errors or irregularities may occur and not be
detected. Also, projection of any evaluation of the
structure to future periods is subject to the risk that it
may become inadequate because of changes in conditions or
that the effectiveness of the design and operation may
deteriorate.
Our consideration of the internal control structure would
not necessarily disclose all matters in the internal control
structure that might be material weaknesses under standards
established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which
the design or operation of the specific internal control
structure elements does not reduce to a relatively low level
the risk that errors or irregularities in amounts that would
be material in relation to the financial statements being
audited may occur and not be detected within a timely period
by employees in the normal course of performing their
assigned functions. However, we noted no matters involving
the internal control structure, including procedures for
safeguarding securities, that we consider to be material
weaknesses, as defined above, as of September 30, 1995.
This report is intended solely for the information and use
of management and the Securities and Exchange Commission,
and should not be used for any other purposes.
EXHIBIT 77C
FRANKLIN RESOURCES, INC.
777 Mariners Island Blvd.
P.O. Box 7777
San Mateo, CA 94403-7777
415/312-3000
ACTION OF SOLE SHAREHOLDER BY WRITTEN CONSENT
The undersigned, being the sole shareholder of the Class II
shares of each of the Franklin Templeton Funds listed on the
attached Schedule A (the "Funds"), each of which is a series of
the Investment Companies as indicated on Schedule A (the
"Companies"), does hereby take the following actions and does
hereby consent to the following resolution:
RESOLVED: That the Distribution Plans pursuant to Rule
12b-1 (under the Investment Company Act of 1940), as
agreed to and accepted by Franklin/Templeton
Distributors, Inc. and each of the Companies prior to
the date below, be and it hereby is, approved for each
Fund.
By execution hereof, the undersigned shareholder waives
prior notice of the foregoing action by written consent.
FRANKLIN RESOURCES, INC.
s/H.E. Burns
Dated as of: April 28, 1995 By: Harmon E. Burns
Executive Vice President
SCHEDULE A
INVESTMENT COMPANY FUND & CLASS; TITAN NUMBER
Franklin Gold Fund Franklin Gold Fund - Class II; 232
Franklin Equity Fund Franklin Equity Fund - Class II; 234
Franklin Custodian Funds, Inc. Growth Series - Class II; 206
Utilities Series - Class II;
207
Income Series - Class II; 209
U.S. Government Securities
Series - Class II; 210
Franklin California Tax-Free Franklin California Tax-Free Income
Income Fund, Inc. Fund - Class II; 212
Franklin New York Tax-Free Franklin New York Tax-Free Income
Income Fund, Inc. Fund - Class II; 215
Franklin Federal Tax-Free Franklin Federal Tax-Free Income
Income Fund Fund -Class II; 216
Franklin Managed Trust Franklin Rising Dividends
Fund - Class II; 258
Franklin California Tax-Free Franklin California Insured Tax-Free
Trust
Income Fund - Class II; 224
Franklin New York Tax-Free Trust Franklin New York Insured Tax-Free
Income Fund - Class II; 281
Franklin Investors Securities Franklin Global Government Income
Trust
Fund - Class II; 235
Franklin Equity Income
Fund - Class II; 239
Franklin Strategic Series Franklin Global Utilities
Fund - Class II; 297
Franklin Real Estate Securities Franklin Real Estate Securities
Trust
Fund - Class II; 292
INVESTMENT COMPANY FUND AND CLASS; TITAN NUMBER
Franklin Tax-Free Franklin Alabama Tax-Free Income Fund - Class II;
264
Trust Franklin Arizona Tax-Free Income Fund - Class II;
226
Franklin Colorado Tax-Free Income Fund - Class
II; 227
Franklin Connecticut Tax Free Income
Fund - Class II; 266
Franklin Florida Tax-Free Income Fund - Class II;
265
Franklin Georgia Tax-Free Income Fund - Class II;
228
Franklin High Yield Tax-Free Income Fund - Class
II; 230
Franklin Insured Tax-Free Income Fund - Class II;
221
Franklin Louisiana Tax-Free Income Fund - Class
II; 268
Franklin Maryland Tax-Free Income Fund - Class
II; 269
Franklin Massachusetts Insured Tax-Free Income
Fund - Class II; 218
Franklin Michigan Insured Tax-Free Income
Fund - Class II; 219
Franklin Minnesota Insured Tax-Free Income
Fund - Class II; 220
Franklin Missouri Tax-Free Income Fund - Class
II; 260
Franklin New Jersey Tax-Free Income
Fund - Class II; 271
Franklin North Carolina Tax-Free Income
Fund - Class II; 270
Franklin Ohio Insured Tax-Free Income
Fund - Class II; 222
Franklin Oregon Tax-Free Income Fund - Class II;
261
Franklin Pennsylvania Tax-Free Income
Fund - Class II; 229
Franklin Puerto Rico Tax-Free Income
Fund - Class II; 223
Franklin Texas Tax-Free Income Fund - Class II;
262
Franklin Virginia Tax-Free Income Fund - Class
II; 263
NAME OF REGISTRANT:
Franklin Managed Trust
File No. 811-4894
EXHIBIT ITEM No. 77I(b):
The registrant issues two classes of shares in one of its
four series: Franklin Rising Dividends Fund - Class I and
Franklin Rising Dividends Fund - Class II. Shares of each
class of a series represent proportionate interests in the
assets of the series and 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.
