<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> 011
<NAME> FRANKLIN SHORT-INTERMEDIATE U.S. GOVT SECURITIES FUND - CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 151,616,353
<INVESTMENTS-AT-VALUE> 149,654,482
<RECEIVABLES> 1,430,243
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 151,084,725
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 839,583
<TOTAL-LIABILITIES> 839,583
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 160,166,920
<SHARES-COMMON-STOCK> 14,984,991
<SHARES-COMMON-PRIOR> 17,427,056
<ACCUMULATED-NII-CURRENT> 182,652
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (8,142,559)
<ACCUM-APPREC-OR-DEPREC> (1,961,871)
<NET-ASSETS> 150,245,142
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,379,148
<OTHER-INCOME> 0
<EXPENSES-NET> (695,938)
<NET-INVESTMENT-INCOME> 4,683,210
<REALIZED-GAINS-CURRENT> (2,467,482)
<APPREC-INCREASE-CURRENT> (112,696)
<NET-CHANGE-FROM-OPS> 2,103,032
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,036,036)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 20,721,502
<NUMBER-OF-SHARES-REDEEMED> (23,515,485)
<SHARES-REINVESTED> 351,918
<NET-CHANGE-IN-ASSETS> (27,235,770)
<ACCUMULATED-NII-PRIOR> 587,841
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (5,675,077)
<GROSS-ADVISORY-FEES> (478,242)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (695,938)
<AVERAGE-NET-ASSETS> 166,843,162
<PER-SHARE-NAV-BEGIN> 10.110
<PER-SHARE-NII> .280<F2>
<PER-SHARE-GAIN-APPREC> (.160)
<PER-SHARE-DIVIDEND> (.300)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 9.930
<EXPENSE-RATIO> .840<F1>
<FN>
<F1>ANNUALIZED.
<F2>BASED ON AVERAGE SHARES OUTSTANDING.
</FN>
</TABLE>
