<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> 071
<NAME> FRANKLIN BOND FUND - CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 41,767,929
<INVESTMENTS-AT-VALUE> 41,511,115
<RECEIVABLES> 636,290
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 42,147,405
<PAYABLE-FOR-SECURITIES> 8,230,108
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 133,466
<TOTAL-LIABILITIES> 8,363,574
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 35,961,837
<SHARES-COMMON-STOCK> 2,167,844
<SHARES-COMMON-PRIOR> 818,697
<ACCUMULATED-NII-CURRENT> 15,203
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (1,938,302)
<ACCUM-APPREC-OR-DEPREC> (254,907)
<NET-ASSETS> 33,783,831
<DIVIDEND-INCOME> 82,825
<INTEREST-INCOME> 1,916,227
<OTHER-INCOME> 0
<EXPENSES-NET> (97,614)
<NET-INVESTMENT-INCOME> 1,901,438
<REALIZED-GAINS-CURRENT> (185,783)
<APPREC-INCREASE-CURRENT> 345,619
<NET-CHANGE-FROM-OPS> 2,061,274
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,059,660)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,746,021
<NUMBER-OF-SHARES-REDEEMED> (458,644)
<SHARES-REINVESTED> 61,770
<NET-CHANGE-IN-ASSETS> 13,815,402
<ACCUMULATED-NII-PRIOR> 206,188
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (1,675,605)
<GROSS-ADVISORY-FEES> (110,170)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (271,180)
<AVERAGE-NET-ASSETS> 25,934,539
<PER-SHARE-NAV-BEGIN> 9.610
<PER-SHARE-NII> .670<F1>
<PER-SHARE-GAIN-APPREC> .020
<PER-SHARE-DIVIDEND> (.790)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 9.510
<EXPENSE-RATIO> .500<F2>
<FN>
<F1>BASED ON AVERAGE SHARES OUTSTANDING.
<F2>EXPENSE RATIO EXCLUDING WAIVER AND PAYMENTS BY AFFILIATE
IS 1.17%.
</FN>
</TABLE>
