<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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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 18
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<PAGE> PAGE 19
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061 000300 0
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
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
071 A000300 0
071 B000300 0
071 C000300 0
071 D000300 0
072 A000300 0
072 B000300 0
<PAGE> PAGE 20
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 0
072 G000300 0
072 H000300 0
072 I000300 0
072 J000300 0
072 K000300 0
072 L000300 0
072 M000300 0
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 0
072 S000300 0
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 0
072 X000300 0
072 Y000300 0
072 Z000300 0
072AA000300 0
072BB000300 0
072CC010300 0
072CC020300 0
072DD010300 0
072DD020300 0
072EE000300 0
073 A010300 0.0000
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 0
074 D000300 0
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 0
074 M000300 0
074 N000300 0
074 O000300 0
074 P000300 0
<PAGE> PAGE 21
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 0
074 S000300 0
074 T000300 0
074 U010300 0
074 U020300 0
074 V010300 0.00
074 V020300 0.00
074 W000300 0.0000
074 X000300 0
074 Y000300 0
075 A000300 0
075 B000300 0
076 000300 0.00
030 A001600 0
030 B001600 0.00
030 C001600 0.00
031 A001900 0
031 B001900 0
032 001900 0
033 001900 0
SIGNATURE LAURA FERGERSON
TITLE ASSISTANT TREASURER
NAME OF REGISTRANT:
Franklin Managed Trust
File No. 811-4894
EXHIBIT ITEM No. 77I(b): Terms of new or
amended securities
The Franklin Rising Dividends Fund (a series
of the Registrant) currently offers three
classes of shares, Class A, Class B, and Class
C. Before January 1, 1999, Class A shares were
designated Class I and Class C shares were
designated Class II. The Franklin Rising
Dividends Fund series began offering Class
B shares on January 1, 1999. The Registrant
may offer additional classes of shares in
the future. The full title of each class of
Franklin Rising Dividends Fund is:
* Franklin Rising Dividends Fund - Class A
* Franklin Rising Dividends Fund - Class B
* Franklin Rising Dividends Fund - Class C
Shares of each class represent proportionate
interests in the Registrant's assets. On matters
that affect the Registrant 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 trust for matters that affect
the trust as a whole. Additional series may be
offered in the future.
wpdoc2\nsar\1999\158-77i.doc
5/10/99
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
MANAGED TRUST MARCH 31, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRET
Y BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 011
<NAME> FRANKLIN RISING DIVIDENDS FUND CLASS - A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 390,433,745
<INVESTMENTS-AT-VALUE> 441,374,254
<RECEIVABLES> 13,047,954
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 454,422,208
<PAYABLE-FOR-SECURITIES> 738,297
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,950,638
<TOTAL-LIABILITIES> 4,688,935
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 379,358,660
<SHARES-COMMON-STOCK> 18,832,084
<SHARES-COMMON-PRIOR> 18,917,914
<ACCUMULATED-NII-CURRENT> 403,600
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 19,030,504
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 50,940,509
<NET-ASSETS> 449,733,273
<DIVIDEND-INCOME> 4,822,785
<INTEREST-INCOME> 259,391
<OTHER-INCOME> 0
<EXPENSES-NET> (3,594,856)
<NET-INVESTMENT-INCOME> 1,487,320
<REALIZED-GAINS-CURRENT> 19,201,861
<APPREC-INCREASE-CURRENT> 15,978,166
<NET-CHANGE-FROM-OPS> 36,667,347
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,745,634)
<DISTRIBUTIONS-OF-GAINS> (36,885,469)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,364,043
<NUMBER-OF-SHARES-REDEEMED> (3,906,542)
<SHARES-REINVESTED> 1,456,669
<NET-CHANGE-IN-ASSETS> (1,392,477)
<ACCUMULATED-NII-PRIOR> 736,183
<ACCUMULATED-GAINS-PRIOR> 40,943,155
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (1,819,950)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (3,594,856)
<AVERAGE-NET-ASSETS> 486,022,886
<PER-SHARE-NAV-BEGIN> 21.530
<PER-SHARE-NII> .080
<PER-SHARE-GAIN-APPREC> 1.790
<PER-SHARE-DIVIDEND> (.090)
<PER-SHARE-DISTRIBUTIONS> (1.990)
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 21.320
<EXPENSE-RATIO> 1.430<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
MANAGED TRUST MARCH 31, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRET
Y BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 012
<NAME> FRANKLIN RISING DIVIDENDS FUND CLASS - B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 390,433,745
<INVESTMENTS-AT-VALUE> 441,374,254
<RECEIVABLES> 13,047,954
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 454,422,208
<PAYABLE-FOR-SECURITIES> 738,297
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,950,638
<TOTAL-LIABILITIES> 4,688,935
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 379,358,660
<SHARES-COMMON-STOCK> 17,609
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 403,600
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 19,030,504
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 50,940,509
<NET-ASSETS> 449,733,273
<DIVIDEND-INCOME> 4,822,785
<INTEREST-INCOME> 259,391
<OTHER-INCOME> 0
<EXPENSES-NET> (3,594,856)
<NET-INVESTMENT-INCOME> 1,487,320
<REALIZED-GAINS-CURRENT> 19,201,861
<APPREC-INCREASE-CURRENT> 15,978,166
<NET-CHANGE-FROM-OPS> 36,667,347
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (778)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17,593
<NUMBER-OF-SHARES-REDEEMED> (15)
<SHARES-REINVESTED> 31
<NET-CHANGE-IN-ASSETS> (1,392,477)
<ACCUMULATED-NII-PRIOR> 736,183
<ACCUMULATED-GAINS-PRIOR> 40,943,155
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (1,819,950)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (3,594,856)
<AVERAGE-NET-ASSETS> 486,022,886
<PER-SHARE-NAV-BEGIN> 23.540
<PER-SHARE-NII> .030
<PER-SHARE-GAIN-APPREC> (2.210)
<PER-SHARE-DIVIDEND> (.050)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 21.310
<EXPENSE-RATIO> 2.010<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
MANAGED TRUST MARCH 31, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRET
Y BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 013
<NAME> FRANKLIN RISING DIVIDENDS FUND CLASS - C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 390,433,745
<INVESTMENTS-AT-VALUE> 441,374,254
<RECEIVABLES> 13,047,954
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 454,422,208
<PAYABLE-FOR-SECURITIES> 738,297
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,950,638
<TOTAL-LIABILITIES> 4,688,935
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 379,358,660
<SHARES-COMMON-STOCK> 2,252,428
<SHARES-COMMON-PRIOR> 2,041,512
<ACCUMULATED-NII-CURRENT> 403,600
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 19,030,504
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 50,940,509
<NET-ASSETS> 449,733,273
<DIVIDEND-INCOME> 4,822,785
<INTEREST-INCOME> 259,391
<OTHER-INCOME> 0
<EXPENSES-NET> (3,594,856)
<NET-INVESTMENT-INCOME> 1,487,320
<REALIZED-GAINS-CURRENT> 19,201,861
<APPREC-INCREASE-CURRENT> 15,978,166
<NET-CHANGE-FROM-OPS> 36,667,347
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (73,490)
<DISTRIBUTIONS-OF-GAINS> (4,229,043)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 615,146
<NUMBER-OF-SHARES-REDEEMED> (575,804)
<SHARES-REINVESTED> 171,574
<NET-CHANGE-IN-ASSETS> (1,392,477)
<ACCUMULATED-NII-PRIOR> 736,183
<ACCUMULATED-GAINS-PRIOR> 40,943,155
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (1,819,950)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (3,594,856)
<AVERAGE-NET-ASSETS> 486,022,886
<PER-SHARE-NAV-BEGIN> 21.450
<PER-SHARE-NII> .010
<PER-SHARE-GAIN-APPREC> 1.790
<PER-SHARE-DIVIDEND> (.030)
<PER-SHARE-DISTRIBUTIONS> (1.990)
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 21.230
<EXPENSE-RATIO> 1.980<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 SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN MANAGED TRUST MARCH 31, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 021
<NAME> FRANKLIN INVESTMENT GRADE INCOME FUND - CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 47,404,632
<INVESTMENTS-AT-VALUE> 47,489,045
<RECEIVABLES> 6,664,182
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 54,153,227
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 271,303
<TOTAL-LIABILITIES> 271,303
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 54,445,603
<SHARES-COMMON-STOCK> 5,945,510
<SHARES-COMMON-PRIOR> 5,959,513
<ACCUMULATED-NII-CURRENT> 90,694
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (738,786)
<ACCUM-APPREC-OR-DEPREC> 84,412
<NET-ASSETS> 53,881,923
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,589,641
<OTHER-INCOME> 0
<EXPENSES-NET> (307,695)
<NET-INVESTMENT-INCOME> 1,281,948
<REALIZED-GAINS-CURRENT> 1,406
<APPREC-INCREASE-CURRENT> (871,889)
<NET-CHANGE-FROM-OPS> 411,465
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,459,391)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,389,019
<NUMBER-OF-SHARES-REDEEMED> (1,538,233)
<SHARES-REINVESTED> 135,212
<NET-CHANGE-IN-ASSETS> (3,581,681)
<ACCUMULATED-NII-PRIOR> 305,768
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (740,192)
<GROSS-ADVISORY-FEES> (140,364)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (307,695)
<AVERAGE-NET-ASSETS> 56,137,351
<PER-SHARE-NAV-BEGIN> 9.220
<PER-SHARE-NII> .210
<PER-SHARE-GAIN-APPREC> (.140)
<PER-SHARE-DIVIDEND> (.240)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 9.050
<EXPENSE-RATIO> 1.100<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 MANAGED TRUST MARCH 31, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 023
<NAME> FRANKLIN INVESTMENT GRADE INCOME FUND - ADVISOR CLASS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 47,404,632
<INVESTMENTS-AT-VALUE> 47,489,045
<RECEIVABLES> 6,664,182
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 54,153,227
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 271,303
<TOTAL-LIABILITIES> 271,303
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 54,445,603
<SHARES-COMMON-STOCK> 9,493
<SHARES-COMMON-PRIOR> 271,551
<ACCUMULATED-NII-CURRENT> 90,694
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (738,786)
<ACCUM-APPREC-OR-DEPREC> 84,412
<NET-ASSETS> 53,881,923
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,589,641
<OTHER-INCOME> 0
<EXPENSES-NET> (307,695)
<NET-INVESTMENT-INCOME> 1,281,948
<REALIZED-GAINS-CURRENT> 1,406
<APPREC-INCREASE-CURRENT> (871,889)
<NET-CHANGE-FROM-OPS> 411,465
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (37,630)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 143,471
<NUMBER-OF-SHARES-REDEEMED> (409,654)
<SHARES-REINVESTED> 4,125
<NET-CHANGE-IN-ASSETS> (3,581,681)
<ACCUMULATED-NII-PRIOR> 305,768
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (740,192)
<GROSS-ADVISORY-FEES> (140,364)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (307,695)
<AVERAGE-NET-ASSETS> 56,137,351
<PER-SHARE-NAV-BEGIN> 9.230
<PER-SHARE-NII> .210
<PER-SHARE-GAIN-APPREC> (.140)
<PER-SHARE-DIVIDEND> (.250)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 9.050
<EXPENSE-RATIO> .880<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] .000
<FN>
<F1>ANNUALIZED
</FN>
</TABLE>
