FRANKLIN EQUITY FUND, 485APOS, EX-99.J(I), 2000-06-09

FRANKLIN EQUITY FUND
485APOS, EX-99.J(I), 2000-06-09

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                         CONSENT OF INDEPENDENT AUDITORS



We consent to the incorporation by reference in Post-Effective Amendment No. 90
to the Registration Statement of Franklin Growth and Income Fund on Form N-1A,
File No. 2-10103, of our report dated August 5, 1999, on our audit of the
financial statements and financial highlights of Franklin Equity Fund, which
report is included in the Annual Report to Shareholders for the year ended June
30, 1999, filed with the Securities and Exchange Commission pursuant to section
30(d) of the Investment Company Act of 1940, which is incorporated by reference
in the Registration Statement. We also consent to the reference to our firm
under the captions "Financial Highlights" and "Auditor."



                                    /s/ PricewaterhouseCoopers LLP
                                    PricewaterhouseCoopers LLP


San Francisco, California
June 8, 2000