<PAGE> PAGE 1
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011 C030001 10048
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012 C010001 BOSTON
012 C020001 MA
012 C030001 02109
<PAGE> PAGE 2
013 A000001 COOPERS & LYBRAND L.L.P.
013 B010001 SAN FRANCISCO
013 B020001 CA
013 B030001 94105
013 B040001 2119
015 A000001 BANK OF AMERICA NT & SA
015 B000001 C
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015 C020001 CA
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015 C040001 1502
015 E010001 X
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015 D010002 BANGLADESH
015 E040002 X
015 A000003 BANQUE BRUSSELS LAMBERT
015 B000003 S
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015 D010003 BELGIUM
015 E040003 X
015 A000004 THE BANK OF N.T. BUTTERFIELD & SON LIMITED
015 B000004 S
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015 D010004 BERMUDA
015 E040004 X
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015 B000005 S
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015 D010009 FINLAND
<PAGE> PAGE 3
015 E040009 X
015 A000010 SOCIETE GENERALE; SICOVAM (DEPOSITORY)
015 B000010 S
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015 D010010 FRANCE
015 E040010 X
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015 B000011 S
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015 E040011 X
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015 B000012 S
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015 B000014 S
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015 D010014 AUSTRALIA
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015 D010017 INDONESIA
015 E040017 X
015 A000018 BANK OF IRELAND
015 B000018 S
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015 D010018 IRELAND
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015 B000019 S
015 C010019 MILAN
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<PAGE> PAGE 4
015 A000020 BARCLAYS TRUST & BANKING COMPANY (JAPAN) LTD.
015 B000020 S
015 C010020 TOKYO
015 D010020 JAPAN
015 E040020 X
015 A000021 CEDEL S.A. (DEPOSITORY)
015 B000021 S
015 C010021 LUXEMBOURG
015 D010021 LUXEMBOURG
015 E040021 X
015 A000022 UNITED MALAYAN BANKING CORPORATION BERHAD
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015 C010022 KUALA LUMPUR
015 D010022 MALAYSIA
015 E040022 X
015 A000023 BANCO NACIONAL DE MEXICO
015 B000023 S
015 C010023 L COLONIA CENTRO
015 D010023 MEXICO
015 E040023 X
015 A000024 KAS-ASSOCIATE N.V.
015 B000024 S
015 C010024 AMSTERDAM
015 D010024 NETHERLANDS
015 E040024 X
015 A000025 ANZ BANKING (NEW ZEALAND) GROUP, LTD.
015 B000025 S
015 C010025 WELLINGTON
015 D010025 NEW ZEALAND
015 E040025 X
015 A000026 CHRISTINA BANK OG KREDITKASSE
015 B000026 S
015 C010026 OSLO
015 D010026 NORWAY
015 E040026 X
015 A000027 STANDARD CHARTERED BANK
015 B000027 S
015 C010027 KARACHI
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015 C010028 LIMA
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015 A000029 THE HONG KONG & SHANGHAI BANKING CORP
015 B000029 S
015 C010029 METRO MANILA
015 D010029 PHILIPPINES
015 E040029 X
015 A000030 BANCO ESPIRITO SANTO E COMMERCIAL DE LISBOA
<PAGE> PAGE 5
015 B000030 S
015 C010030 LISBON
015 D010030 PORTUGAL
015 E040030 X
015 A000031 BARCLAYS BANK PLC
015 B000031 S
015 C010031 SINGAPORE
015 D010031 SINGAPORE
015 E040031 X
015 A000032 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000032 S
015 C010032 JOHANNESBURG
015 D010032 SOUTH AFRICA
015 E040032 X
015 A000033 BANCO DE SANTANDER
015 B000033 S
015 C010033 MADRID
015 D010033 SPAIN
015 E040033 X
015 A000034 THE HONG KONG & SHANGHAI BANKING CORP.
015 B000034 S
015 C010034 COLOMBO
015 D010034 SRI LANKA
015 E040034 X
015 A000035 SKANDINAVISKA ENSKILDA BANKEN
015 B000035 S
015 C010035 STOCKHOLM
015 D010035 SWEDEN
015 E040035 X
015 A000036 SWISS BANK CORPORATION
015 B000036 S
015 C010036 ZURICH
015 D010036 SWITZERLAND
015 E040036 X
015 A000037 BANGKOK BANK LTD.
015 B000037 S
015 C010037 BANGKOK
015 D010037 THAILAND
015 E040037 X
015 A000038 YAPI VE KREDI BANKASI A.S.
015 B000038 S
015 C010038 ISTANBUL
015 D010038 TURKEY
015 E040038 X
015 A000039 BANK OF AMERICA FOREIGN DIVISION - LONDON
015 B000039 S
015 C010039 LONDON
015 D010039 UNITED KINGDOM
015 E040039 X
015 A000040 BERLINER HANDELS - UND FRANKFURTER BANK
015 B000040 S
<PAGE> PAGE 6
015 C010040 FRANKFURT
015 D010040 GERMANY
015 E040040 X
015 A000041 THE HONG KONG AND SHANGHAI BANKING CORP.
015 B000041 S
015 C010041 SEOUL
015 D010041 KOREA
015 E040041 X
018 000000 Y
019 A000000 Y
019 B000000 114
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020 A000001 LEHMAN BROTHERS SECS
020 B000001 13-2518466
020 C000001 4
020 A000002 DAIN BOSWORTH INC.
020 B000002 41-0212020
020 C000002 2
020 A000003 MERRILL LYNCH PIERCE FENNER
020 B000003 13-5674085
020 C000003 1
020 A000004 KIDDER PEABODY & CO INC.
020 B000004 13-5650440
020 C000004 1
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020 C000006 0
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022 C000002 41282
022 D000002 2829
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022 B000003 13-2741729
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022 B000004 13-3187336
022 C000004 21251
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022 C000005 1569
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<PAGE> PAGE 7
022 A000006 MERRILL LYNCH PIERCE FENNER
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022 B000008 13-5650440
022 C000008 0
022 D000008 1604
022 A000009 MORGAN STANLEY & CO INC.
022 B000009 13-2655998
022 C000009 999
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022 A000010 FIRST BOSTON CORP (THE)
022 B000010 13-5659485
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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SIGNATURE KENNETH V. DOMINGUES
TITLE V.P., TRES., CFO&CAO
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM THE FRANKLIN MULTI-INCOME TRUST
SEPTEMBER 30, 1994 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> MAR-31-1995
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 70,611,231
<INVESTMENTS-AT-VALUE> 70,717,388
<RECEIVABLES> 2,458,349
<ASSETS-OTHER> 352,946
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 73,528,683
<PAYABLE-FOR-SECURITIES> 1,185,364
<SENIOR-LONG-TERM-DEBT> 16,000,000
<OTHER-ITEMS-LIABILITIES> 669,621
<TOTAL-LIABILITIES> 17,854,985
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 53,790,780
<SHARES-COMMON-STOCK> 5,857,600
<SHARES-COMMON-PRIOR> 5,857,600
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (226,887)
<ACCUMULATED-NET-GAINS> 2,002,137
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 107,668
<NET-ASSETS> 55,673,698
<DIVIDEND-INCOME> 772,728
<INTEREST-INCOME> 2,538,131
<OTHER-INCOME> 0
<EXPENSES-NET> 1,179,367
<NET-INVESTMENT-INCOME> 2,131,492
<REALIZED-GAINS-CURRENT> 935,437
<APPREC-INCREASE-CURRENT> (3,417,661)
<NET-CHANGE-FROM-OPS> (350,732)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,260,573)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> (105,897)
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (2,717,202)
<ACCUMULATED-NII-PRIOR> 129,081
<ACCUMULATED-GAINS-PRIOR> 1,066,700
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 306,460
<INTEREST-EXPENSE> 802,950
<GROSS-EXPENSE> 1,179,367
<AVERAGE-NET-ASSETS> 72,306,546
<PER-SHARE-NAV-BEGIN> 9.97
<PER-SHARE-NII> .34
<PER-SHARE-GAIN-APPREC> (.406)
<PER-SHARE-DIVIDEND> (.404)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.50
<EXPENSE-RATIO> 3.26
<AVG-DEBT-OUTSTANDING> 16,000,000
<AVG-DEBT-PER-SHARE> 2.730
</TABLE>
1
WPDOC2/NSAR/004-77I.DOC November 21,
1994
NAME OF REGISTRANT:
Franklin Multi-Income Trust
File No. 811-5873
EXHIBIT ITEM No. 77I: Terms of amended or new securities
The Fund has issued $16,000,000 in aggregate principal amount of
its 7.20% Senior Notes due September 15, 1999 (herein called the
"Notes"). Each Note will bear interest on the unpaid principal
balance thereof from the date of the Note at the rate of 7.20 per
annum (computed on the basis of a 360-day year of twelve 30-day
months), payable semi-annually on the fifteenth day of March and
the fifteenth day of September each year, commencing with the
payment date next succeeding the date of the Note, until the
principal amount shall be due and payable, and thereafter at the
rate of 8.2% per annum, and will mature on September 15, 1999.
1
WPDOC2/NSAR/004-77C.DOC November 11,
1994
NAME OF REGISTRANT:
Franklin Multi-Income Trust
File No. 811-5873
EXHIBIT ITEM No. 77C: Submission of matters to a vote of
security holders.
At the annual meeting of shareholders of the registrant held on
September 7, 1994 the following items were voted upon:
(1) To vote on two alternative proposals with respect to the
Future of the Fund:
(A) to remain a closed-end investment company and to issue new
debt securities to replace those which mature on October 15,
1994;
VOTE FOR VOTE AGAINST
2,614,488 70,045
OR
(B) to convert the Fund to an open-end investment company.
VOTE FOR VOTE AGAINST
344,410 838,231
(2) Election of Trustees.
FOR WITHHOLD AUTHORITY
S. Joseph Fortunato 3,790,054 98,708
David W. Garbellano 3,779,226 109,211
Frank W.T. LaHaye 3,778,811 109,940
(3) Ratification of the selection of Coopers & Lybrand,
Certified Public Accountants, as the independent auditors for the
Fund for the fiscal year ending March 31, 1995.
VOTE FOR VOTE AGAINST
3,684,093 16,110
