<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MUTUAL
FINANCIAL SERVICES FUND JUNE 30, 2000 SEMIANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000825063
<NAME> FRANKLIN MUTUAL SERIES FUND, INC.
<SERIES>
<NUMBER> 023
<NAME> MUTUAL FINANCIAL SERVICES FUND - CLASS C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 230040587
<INVESTMENTS-AT-VALUE> 238474058
<RECEIVABLES> 1594742
<ASSETS-OTHER> 863931
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 240932731
<PAYABLE-FOR-SECURITIES> 1035576
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1508076
<TOTAL-LIABILITIES> 2543652
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 231476850
<SHARES-COMMON-STOCK> 5786264
<SHARES-COMMON-PRIOR> 6801123
<ACCUMULATED-NII-CURRENT> 1523572
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (3039660)
<ACCUM-APPREC-OR-DEPREC> 8428317
<NET-ASSETS> 238389079
<DIVIDEND-INCOME> 2840726
<INTEREST-INCOME> 1075107
<OTHER-INCOME> 0
<EXPENSES-NET> (2116590)
<NET-INVESTMENT-INCOME> 1799243
<REALIZED-GAINS-CURRENT> (2674381)
<APPREC-INCREASE-CURRENT> (270564)
<NET-CHANGE-FROM-OPS> (1145702)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11946)
<DISTRIBUTIONS-OF-GAINS> (1515976)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 938697
<NUMBER-OF-SHARES-REDEEMED> (2108225)
<SHARES-REINVESTED> 109669
<NET-CHANGE-IN-ASSETS> (36300472)
<ACCUMULATED-NII-PRIOR> 72102
<ACCUMULATED-GAINS-PRIOR> 4472381
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (951258)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (2116590)
<AVERAGE-NET-ASSETS> 239478186
<PER-SHARE-NAV-BEGIN> 13.05
<PER-SHARE-NII> 0.06<F1>
<PER-SHARE-GAIN-APPREC> 0.02
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.27)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.86
<EXPENSE-RATIO> 2.30<F2>
<FN>
<F1>BASED ON AVERAGE WEIGHTED SHARES OUTSTANDING.
<F2>THE EXPENSE RATIO, EXCLUDING WAIVER AND PAYMENTS BY AFFILIATE IS 2.30%. THE
EXPENSE RATIO, EXCLUDING DIVIDEND EXPENSE ON SECURITIES SOLD SHORT IS 2.29%. THE
EXPENSE RATIO, EXCLUDING DIVIDEND EXPENSE ON SECURITIES SOLD SHORT AND WAIVER
AND PAYMENTS BY AFFILIATE IS 2.29%. EXPENSE RATIOS ARE ANNUALIZED.
</FN>
</TABLE>
