<PAGE> PAGE 1
000 A000000 02/28/95
000 C000000 0000833040
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 FRANKLIN UNIVERSAL TRUST
001 B000000 811-5569
001 C000000 4153122000
002 A000000 777 MARINERS ISLAND BOULEVARD
002 B000000 SAN MATEO
002 C000000 CA
002 D010000 94404
002 D020000 1585
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 FRANKLIN ADVISERS INC
008 B000001 A
008 C000001 801-26292
008 D010001 SAN MATEO
008 D020001 CA
008 D030001 94404
008 D040001 1585
011 A000001 PAINEWEBBER INCORPORATED
011 B000001 8-00000000
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10019
012 A000001 PROVIDENT NATIONAL BANK
012 B000001 85-1119600
012 C010001 PHILADELPHIA
012 C020001 PA
012 C030001 19103
013 A000001 COOPERS & LYBRAND L.L.P.
<PAGE> PAGE 2
013 B010001 SAN FRANCISCO
013 B020001 CA
013 B030001 94105
013 B040001 2119
015 A000001 BANK OF AMERICA NT & SA
015 B000001 C
015 C010001 SAN FRANCISCO
015 C020001 CA
015 C030001 94104
015 C040001 1502
015 E010001 X
015 A000002 STANDARD CHARTERED BANK
015 B000002 S
015 C010002 DHAKA
015 D010002 BANGLADESH
015 E040002 X
015 A000003 BANQUE BRUXELLES LAMBERT SA
015 B000003 S
015 C010003 BRUSSELS
015 D010003 BELGIUM
015 E040003 X
015 A000004 THE BANK OF N.T. BUTTERFIELD & SON LIMITED
015 B000004 S
015 C010004 HAMILTON
015 D010004 BERMUDA
015 E040004 X
015 A000005 THE CANADA TRUST COMPANY
015 B000005 S
015 C010005 TORONTO
015 D010005 CANADA
015 E040005 X
015 A000006 THE HONG KONG AND SHANGHAI BANK CORP LTD
015 B000006 S
015 C010006 SHANGHAI
015 D010006 CHINA
015 E040006 X
015 A000007 CITITRUST COLOMBIA S.A.SOCIEDAD FIDUCIARIA
015 B000007 S
015 C010007 SANTA FE DE BOGOTA
015 D010007 COLOMBIA
015 E040007 X
015 A000008 UNIBANK A/S
015 B000008 S
015 C010008 COPENHAGEN
015 D010008 DENMARK
015 E040008 X
015 A000009 KANSALLIS-OSAKE-PANKKI
015 B000009 S
015 C010009 HELSINKI
015 D010009 FINLAND
015 E040009 X
<PAGE> PAGE 3
015 A000010 SOCIETE GENERALE;SICOVAM(DEPOSITORY)
015 B000010 S
015 C010010 PARIS
015 D010010 FRANCE
015 E040010 X
015 A000011 NATIONAL BANK OF GREECE
015 B000011 S
015 C010011 ATHENS
015 D010011 GREECE
015 E040011 X
015 A000012 BARCLAYS BANK PLC
015 B000012 S
015 C010012 HONG KONG
015 D010012 HONG KONG
015 E040012 X
015 A000013 STANDARD CHARTERED BANK
015 B000013 S
015 C010013 FORT BOMBAY
015 D010013 INDIA
015 E040013 X
015 A000014 THE HONG KONG AND SHANGHAI BANK CORP LTD
015 B000014 S
015 C010014 JAKARTA
015 D010014 INDONESIA
015 E040014 X
015 A000015 BANK OF IRELAND
015 B000015 S
015 C010015 DUBLIN
015 D010015 IRELAND
015 E040015 X
015 A000016 CITIBANK, N.A.
015 B000016 S
015 C010016 MILAN
015 D010016 ITALY
015 E040016 X
015 A000017 BARCLAYS TRUST & BANKING COMPANY (JAPAN) LTD.
015 B000017 S
015 C010017 TOKYO
015 D010017 JAPAN
015 E040017 X
015 A000018 THE HONG KONG AND SHANGHAI BANK CORP LTD
015 B000018 S
015 C010018 SEOUL
015 D010018 SOUTH KOREA
015 E040018 X
015 A000019 CEDEL S.A. (DEPOSITORY)
015 B000019 S
015 C010019 LUXEMBOURG
015 D010019 LUXEMBOURG
015 E040019 X
015 A000020 UNITED MALAYSIAN BANKING CORPORATION BERHAD
<PAGE> PAGE 4
015 B000020 S
015 C010020 KUALA LUMPUR
015 D010020 MALAYSIA
015 E040020 X
015 A000021 BANCO NACIONAL DE MEXICO
015 B000021 S
015 C010021 MEXICO CITY
015 D010021 MEXICO
015 E040021 X
015 A000022 KAS-ASSOCIATIE N.V.
015 B000022 S
015 C010022 AMSTERDAM
015 D010022 NETHERLANDS
015 E040022 X
015 A000023 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B000023 S
015 C010023 WELLINGTON
015 D010023 NEW ZEALAND
015 E040023 X
015 A000024 CHRISTIANIA BANK OG KREDITKASSE
015 B000024 S
015 C010024 BERGEN
015 D010024 NORWAY
015 E040024 X
015 A000025 BARCLAYS BANK PLC VIA DEUTSCHE BANK
015 B000025 S
015 C010025 KARACHI
015 D010025 PAKISTAN
015 E040025 X
015 A000026 BANCO DE CREDITO DEL PERU
015 B000026 S
015 C010026 LIMA
015 D010026 PERU
015 E040026 X
015 A000027 THE HONG KONG & SHANGHAI BANKING CORP LTD
015 B000027 S
015 C010027 MAKATI
015 D010027 PHILIPPINES
015 E040027 X
015 A000028 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B000028 S
015 C010028 LISBON
015 D010028 PORTUGAL
015 E040028 X
015 A000029 BARCLAYS BANK PLC
015 B000029 S
015 C010029 SINGAPORE
015 D010029 SINGAPORE
015 E040029 X
015 A000030 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000030 S
<PAGE> PAGE 5
015 C010030 JOHANNESBURG
015 D010030 SOUTH AFRICA
015 E040030 X
015 A000031 BANCO DE SANTANDER
015 B000031 S
015 C010031 MADRID
015 D010031 SPAIN
015 E040031 X
015 A000032 THE HONG KONG AND SHANGHAI BANKING CORP LTD
015 B000032 S
015 C010032 COLOMBO
015 D010032 SRI LANKA
015 E040032 X
015 A000033 SKANDINAVISKA ENSKILDA BANKEN
015 B000033 S
015 C010033 STOCKHOLM
015 D010033 SWEDEN
015 E040033 X
015 A000034 SWISS BANK CORPORATION
015 B000034 S
015 C010034 ZURICH
015 D010034 SWITZERLAND
015 E040034 X
015 A000035 BANGKOK BANK LIMITED
015 B000035 S
015 C010035 BANGKOK
015 D010035 THAILAND
015 E040035 X
015 A000036 YAPI VE KREDI BANKASI A.S.
015 B000036 S
015 C010036 ISTANBUL
015 D010036 TURKEY
015 E040036 X
015 A000037 CITIBANK, N.A.
015 B000037 S
015 C010037 BUENOS AIRES
015 D010037 ARGENTINA
015 E040037 X
015 A000038 NATIONAL AUSTRALIA BANK LTD.
015 B000038 S
015 C010038 MELBOURNE
015 D010038 AUSTRALIA
015 E040038 X
015 A000039 CREDITANSTALT-BANKVEREIN
015 B000039 S
015 C010039 VIENNA
015 D010039 AUSTRIA
015 E040039 X
015 A000040 BERLINER HANDELS-UND FRANKFURTER BANK
015 B000040 S
015 C010040 FRANKFURT
<PAGE> PAGE 6
015 D010040 GERMANY
015 E040040 X
015 A000041 BANK OF AMERICA NT & SA
015 B000041 S
015 C010041 LONDON
015 D010041 UNITED KINGDOM
015 E040041 X
015 A000042 CITIBANK, N.A.
015 B000042 S
015 C010042 SAO PAULO
015 D010042 BRAZIL
015 E040042 X
015 A000043 THE HONG KONG AND SHANGHAI BANK CORP LTD
015 B000043 S
015 C010043 SHENZHEN
015 D010043 CHINA
015 E040043 X
015 A000044 CITIBANK BUDAPEST RT
015 B000044 S
015 C010044 BUDAPEST
015 D010044 HUNGARY
015 E040044 X
015 A000045 BANK LEUMI LE-ISRAEL, B.M.
015 B000045 S
015 C010045 TEL AVIV
015 D010045 ISRAEL
015 E040045 X
015 A000046 THE HONG KONG AND SHANGHAI BANK CORP LTD
015 B000046 S
015 C010046 TAIPEI
015 D010046 TAIWAN
015 E040046 X
015 A000047 CITIBANK, N.A.
015 B000047 S
015 C010047 CARACAS
015 D010047 VENEZUELA
015 E040047 X
015 A000048 CITIBANK POLAND S.A.
015 B000048 S
015 C010048 WARSAW
015 D010048 POLAND
015 E040048 X
018 000000 Y
019 A000000 Y
019 B000000 186
019 C000000 FRANKLNGRP
020 A000001 CANTOR FITZGERALD & CO INC
020 B000001 95-3976315
020 C000001 25
020 A000002 PAINEWEBBER INC
020 B000002 13-2638166
<PAGE> PAGE 7
020 C000002 3
020 A000003 MERRILL LYNCH PIERCE FENNER
020 B000003 13-5674085
020 C000003 2
020 A000004 SALOMON BROTHERS INC
020 B000004 13-3082694
020 C000004 2
020 A000005 LEHMAN BROTHERS SECS
020 B000005 13-2518466
020 C000005 1
020 A000006 NATWEST SECURITIES CORPORATION
020 B000006 11-0773597
020 C000006 1
020 A000007 BEAR, STEARNS & CO INC
020 B000007 13-3299429
020 C000007 1
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 35
022 A000001 LEHMAN BROTHERS SECS
022 B000001 13-2518466
022 C000001 184292
022 D000001 4009
022 A000002 DAIWA SECURITIES
022 B000002 13-5680329
022 C000002 172507
022 D000002 0
022 A000003 FUJI SECURITIES INC
022 B000003 13-3038090
022 C000003 40884
022 D000003 0
022 A000004 CITICORP
022 B000004 13-3187336
022 C000004 34973
022 D000004 0
022 A000005 SANWA-BGK SEC CO L.P.
022 B000005 13-3154528
022 C000005 21277
022 D000005 0
022 A000006 DONALDSON LUFKIN & JENRETTE
022 B000006 13-2741729
022 C000006 15039
022 D000006 939
022 A000007 GREENWICH SECURITIES
022 B000007 13-2697091
022 C000007 9809
022 D000007 0
022 A000008 SALOMON BROTHERS INC
022 B000008 13-3082694
022 C000008 4940
<PAGE> PAGE 8
022 D000008 597
022 A000009 GOLDMAN SACHS & CO
022 B000009 13-5108880
022 C000009 2762
022 D000009 2763
022 A000010 FIRST BOSTON CORP (THE)
022 B000010 13-5659485
022 C000010 2629
022 D000010 1707
023 C000000 494429
023 D000000 25330
024 000000 N
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
028 G030000 0
028 G040000 0
028 H000000 0
<PAGE> PAGE 9
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.750
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
<PAGE> PAGE 10
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 0
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 4.4
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 93.0
062 Q000000 0.9
062 R000000 33.2
063 A000000 0
063 B000000 7.9
064 A000000 N
064 B000000 N
066 A000000 N
067 000000 Y
068 A000000 N
068 B000000 N
069 000000 N
<PAGE> PAGE 11
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 Y
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 29077
071 B000000 36062
071 C000000 299085
071 D000000 10
072 A000000 6
072 B000000 11889
072 C000000 2950
072 D000000 0
072 E000000 0
072 F000000 1142
072 G000000 0
072 H000000 0
072 I000000 65
072 J000000 23
072 K000000 42
<PAGE> PAGE 12
072 L000000 17
072 M000000 14
072 N000000 0
072 O000000 0
072 P000000 2116
072 Q000000 0
072 R000000 25
072 S000000 3
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 93
072 X000000 3540
072 Y000000 0
072 Z000000 11299
072AA000000 3486
072BB000000 1079
072CC010000 966
072CC020000 0
072DD010000 10926
072DD020000 0
072EE000000 0
073 A010000 0.4080
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 10519
074 C000000 0
074 D000000 222273
074 E000000 21382
074 F000000 56510
074 G000000 0
074 H000000 0
074 I000000 970
074 J000000 559
074 K000000 0
074 L000000 4754
074 M000000 451
074 N000000 317418
074 O000000 3000
074 P000000 193
074 Q000000 74954
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 2222
074 S000000 0
074 T000000 237049
074 U010000 26779
074 U020000 0
<PAGE> PAGE 13
074 V010000 8.85
074 V020000 0.00
074 W000000 0.0000
074 X000000 6753
074 Y000000 0
075 A000000 0
075 B000000 304535
076 000000 8.50
077 A000000 N
078 000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
087 A010000 COMMON STOCK
087 A020000 355145103
087 A030000 FT
088 A000000 Y
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE DIOMEDES LOO-TAM
TITLE TREASURER & PAO
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
UNIVERSAL TRUST FEBRUARY 28, 1995 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1995
<PERIOD-END> FEB-28-1995
<INVESTMENTS-AT-COST> 304,793,743
<INVESTMENTS-AT-VALUE> 301,134,950
<RECEIVABLES> 15,831,774
<ASSETS-OTHER> 450,944
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 317,417,668
<PAYABLE-FOR-SECURITIES> 3,000,000
<SENIOR-LONG-TERM-DEBT> 74,954,361
<OTHER-ITEMS-LIABILITIES> 2,414,644
<TOTAL-LIABILITIES> 80,369,005
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 246,871,139
<SHARES-COMMON-STOCK> 26,779,333
<SHARES-COMMON-PRIOR> 26,779,333
<ACCUMULATED-NII-CURRENT> 1,194,087
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (7,358,950)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (3,657,613)
<NET-ASSETS> 237,048,663
<DIVIDEND-INCOME> 2,950,298
<INTEREST-INCOME> 11,889,190
<OTHER-INCOME> 0
<EXPENSES-NET> 3,540,029
<NET-INVESTMENT-INCOME> 11,299,459
<REALIZED-GAINS-CURRENT> 2,407,144
<APPREC-INCREASE-CURRENT> 966,332
<NET-CHANGE-FROM-OPS> 14,672,935
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10,925,968)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 3,746,967
<ACCUMULATED-NII-PRIOR> 820,596
<ACCUMULATED-GAINS-PRIOR> (9,778,526)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (1,141,860)
<INTEREST-EXPENSE> (2,115,900)
<GROSS-EXPENSE> (3,540,029)
<AVERAGE-NET-ASSETS> 304,535,417
<PER-SHARE-NAV-BEGIN> 8.710
<PER-SHARE-NII> .420
<PER-SHARE-GAIN-APPREC> .128
<PER-SHARE-DIVIDEND> (.408)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 8.850
<EXPENSE-RATIO> 2.320
<AVG-DEBT-OUTSTANDING> 75,000,000
<AVG-DEBT-PER-SHARE> 2.800
</TABLE>
