<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
MANAGED TRUST SEPTEMBER 30, 2000 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 011
<NAME> FRANKLIN RISING DIVIDENDS FUND - CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 238,876,481
<INVESTMENTS-AT-VALUE> 285,553,518
<RECEIVABLES> 2,844,244
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 288,397,762
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,272,917
<TOTAL-LIABILITIES> 1,272,917
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 241,932,504
<SHARES-COMMON-STOCK> 13,067,415
<SHARES-COMMON-PRIOR> 17,098,904
<ACCUMULATED-NII-CURRENT> 509,498
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (1,994,194)
<ACCUM-APPREC-OR-DEPREC> 46,677,037
<NET-ASSETS> 287,124,845
<DIVIDEND-INCOME> 7,743,523
<INTEREST-INCOME> 142,953
<OTHER-INCOME> 0
<EXPENSES-NET> (5,369,373)
<NET-INVESTMENT-INCOME> 2,517,103
<REALIZED-GAINS-CURRENT> (706,049)
<APPREC-INCREASE-CURRENT> 3,602,886
<NET-CHANGE-FROM-OPS> 5,413,940
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,286,347)
<DISTRIBUTIONS-OF-GAINS> (27,626,225)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,156,540
<NUMBER-OF-SHARES-REDEEMED> (8,509,483)
<SHARES-REINVESTED> 1,321,454
<NET-CHANGE-IN-ASSETS> (118,813,630)
<ACCUMULATED-NII-PRIOR> 356,764
<ACCUMULATED-GAINS-PRIOR> 29,346,009
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (2,471,863)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (5,369,373)
<AVERAGE-NET-ASSETS> 330,637,158
<PER-SHARE-NAV-BEGIN> 21.280
<PER-SHARE-NII> .160<F1>
<PER-SHARE-GAIN-APPREC> .400
<PER-SHARE-DIVIDEND> (.150)
<PER-SHARE-DISTRIBUTIONS> (1.670)
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 20.020
<EXPENSE-RATIO> 1.580
<FN>
<F1>BASED ON AVERAGE SHARES OUTSTANDING.
</FN>
</TABLE>
