FRANKLIN SELECT REALTY TRUST
8-K, 2000-11-16
REAL ESTATE INVESTMENT TRUSTS
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                      SECURITIES AND EXCHANGE COMMISSION



                            Washington, D.C. 20549



                            FORM 8-K CURRENT REPORT



  Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934



      Date of Report (date of earliest event reported): November 16, 2000



                         FRANKLIN SELECT REALTY TRUST
            (Exact Name of Registrant as Specified in its Charter)


      CALIFORNIA               1-12708               94-3095938
----------------------------------------------------------------------
    State or other      Commission File Number      IRS Employer
    jurisdiction of                            Identification Number
     incorporation



                2000 ALAMEDA DE LAS PULGAS, SAN MATEO, CA 94404
              (Address of Principal Executive Offices) (Zip Code)


Registrant's telephone number, including area code: (650) 312-3000


ITEM 5. OTHER EVENTS


On November 16, 2000, Franklin Select Realty Trust issued the press release
attached hereto as Exhibit 99.1 and incorporated by reference herein.


ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

      (c) Exhibits.

        99.1 Press Release.


                                   SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned heretofore duly authorized.

Dated: November 16, 2000


                          FRANKLIN SELECT REALTY TRUST


                          By:    /s/ David P. Goss
                                 -----------------
                                 David P. Goss
                                 President



                                 EXHIBIT INDEX




EXHIBIT NO.               DESCRIPTION

99.1                      Press Release.


EXHIBIT 99.1

FROM: Franklin Properties, Inc.
           Contact: David Goss
           Tel: (650) 312-5824
           Internet:  http://www.frk.com/properties
--------------------------------------------------------------------------------
                             FOR IMMEDIATE RELEASE


                    FRANKLIN SELECT REALTY TRUST ANNOUNCES
                 RECORD DATE OF Final LIQUIDATING DISTRIBUTION


      SAN MATEO,  CA,  November 16, 2000 -- Franklin  Select  Realty Trust (the
"Company")  (AMEX:FSN)  announced  that  pursuant  to the  plan of  liquidation
approved  by  shareholders  earlier  this  year,  the  Board  declared  a final
liquidating  distribution  of $1.24 per share.  The  record  date for the final
distribution  is  December  1,  2000.  The final  distribution  will be paid on
December  11,  2000.  Thereafter,  the  Company  will  continue  to wind up its
affairs pursuant to the plan of liquidation.

      Additional  financial and other information about the Company may also be
obtained on its website at http://www.frk.com/properties.

      Franklin  Select Realty Trust is a public equity REIT advised by Franklin
Properties  Inc.,  a  wholly-owned  subsidiary  of  Franklin  Resources,   Inc.
(NYSE:BEN).   Franklin's  headquarters  are  located  at  777  Mariners  Island
Blvd., San Mateo, CA 94404.

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