<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FRANKLIN INVESTORS SECURITIES TRUST APRIL 30, 2000 SEMI-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> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 33,484,652
<INVESTMENTS-AT-VALUE> 32,468,713
<RECEIVABLES> 383,458
<ASSETS-OTHER> 1,008,214
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 33,860,385
<PAYABLE-FOR-SECURITIES> 8,524,449
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 84,838
<TOTAL-LIABILITIES> 8,609,287
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 28,074,136
<SHARES-COMMON-STOCK> 1,331,645
<SHARES-COMMON-PRIOR> 818,697
<ACCUMULATED-NII-CURRENT> 49,650
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (1,856,749)
<ACCUM-APPREC-OR-DEPREC> (1,015,939)
<NET-ASSETS> 25,251,098
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 921,312
<OTHER-INCOME> 0
<EXPENSES-NET> (41,354)
<NET-INVESTMENT-INCOME> 879,958
<REALIZED-GAINS-CURRENT> (181,144)
<APPREC-INCREASE-CURRENT> (415,413)
<NET-CHANGE-FROM-OPS> 283,401
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (447,918)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 728,265
<NUMBER-OF-SHARES-REDEEMED> (241,880)
<SHARES-REINVESTED> 26,563
<NET-CHANGE-IN-ASSETS> 5,282,669
<ACCUMULATED-NII-PRIOR> 206,188
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (1,675,605)
<GROSS-ADVISORY-FEES> (48,610)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (100,835)
<AVERAGE-NET-ASSETS> 22,951,196
<PER-SHARE-NAV-BEGIN> 9.610
<PER-SHARE-NII> .360<F2>
<PER-SHARE-GAIN-APPREC> (.250)
<PER-SHARE-DIVIDEND> (.430)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 9.290
<EXPENSE-RATIO> .500<F1><F3>
<FN>
<F1>ANNUALIZED.
<F2>BASED ON AVERAGE SHARES OUTSTANDING.
<F3>EXPENSE RATIO EXCLUDING WAIVER AND PAYMENTS BY
AFFILIATE IS 1.02%.
</FN>
</TABLE>
