<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
INVESTORS SECURITIES TRUST OCTOBER 31, 2000 ANNUAL REPORT AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 023
<NAME> FRANKLIN CONVERTIBLE SECURITIES FUND - CLASS C
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 166,093,945
<INVESTMENTS-AT-VALUE> 186,815,976
<RECEIVABLES> 11,799,017
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 198,614,993
<PAYABLE-FOR-SECURITIES> 3,382,490
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 577,407
<TOTAL-LIABILITIES> 3,959,897
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 164,271,471
<SHARES-COMMON-STOCK> 2,239,940
<SHARES-COMMON-PRIOR> 2,294,597
<ACCUMULATED-NII-CURRENT> 1,419,983
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8,241,611
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 20,722,031
<NET-ASSETS> 194,655,096
<DIVIDEND-INCOME> 6,177,710
<INTEREST-INCOME> 4,500,940
<OTHER-INCOME> 0
<EXPENSES-NET> (2,118,665)
<NET-INVESTMENT-INCOME> 8,559,985
<REALIZED-GAINS-CURRENT> 12,144,775
<APPREC-INCREASE-CURRENT> 24,938,138
<NET-CHANGE-FROM-OPS> 45,642,898
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,171,254)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 501,333
<NUMBER-OF-SHARES-REDEEMED> (616,352)
<SHARES-REINVESTED> 60,362
<NET-CHANGE-IN-ASSETS> 35,599,474
<ACCUMULATED-NII-PRIOR> 274,624
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (3,903,164)
<GROSS-ADVISORY-FEES> (1,022,168)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (2,118,665)
<AVERAGE-NET-ASSETS> 178,661,675
<PER-SHARE-NAV-BEGIN> 12.700
<PER-SHARE-NII> .640<F1>
<PER-SHARE-GAIN-APPREC> 3.060
<PER-SHARE-DIVIDEND> (.540)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 15.860
<EXPENSE-RATIO> 1.770
<FN>
<F1>BASED ON AVERAGE SHARES OUTSTANDING
</FN>
</TABLE>
