<PAGE> PAGE 1
000 A000000 09/30/1999
000 C000000 0000854856
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 FRANKLIN MULTI-INCOME TRUST
001 B000000 811-5873
001 C000000 6503122000
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
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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
010 A000001 FRANKLIN TEMPLETON SERVICES, INC.
010 C010001 SAN MATEO
010 C020001 CA
010 C030001 94404
010 C040001 1585
012 A000001 THE FIRST DATA INVESTOR SERVICES GROUP
012 B000001 84-1761
012 C010001 BOSTON
012 C020001 MA
012 C030001 02266
012 C040001 8030
<PAGE> PAGE 2
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 SAN FRANCISCO
013 B020001 CA
013 B030001 94105
013 B040001 2119
015 A000001 COMMONWEALTH BANK OF AUSTRALIA
015 B000001 S
015 C010001 BURWOOD
015 D010001 AUSTRALIA
015 E040001 X
015 A000002 THE BANK OF NEW YORK
015 B000002 C
015 C010002 NEW YORK
015 C020002 NY
015 C030002 10286
015 E010002 X
015 A000003 BANKBOSTON, N.A.
015 B000003 S
015 C010003 BUENOS AIRES
015 D010003 ARGENTINA
015 E040003 X
015 A000004 NATIONAL AUSTRALIA BANK LTD.
015 B000004 S
015 C010004 MELBOURNE
015 D010004 AUSTRALIA
015 E040004 X
015 A000005 BANK AUSTRIA AG
015 B000005 S
015 C010005 VIENNA
015 D010005 AUSTRIA
015 E040005 X
015 A000006 BANQUE BRUXELLES LAMBERT
015 B000006 S
015 C010006 BRUSSELS
015 D010006 BELGIUM
015 E040006 X
015 A000007 BANKBOSTON, N.A.
015 B000007 S
015 C010007 SAO PAULO
015 D010007 BRAZIL
015 E040007 X
015 A000008 ROYAL BANK OF CANADA
015 B000008 S
015 C010008 MONTREAL
015 D010008 CANADA
015 E040008 X
015 A000009 THE STANDARD CHARTERED BANK, HONG KONG
015 B000009 S
015 C010009 HONG KONG
015 D010009 CHINA
015 E040009 X
<PAGE> PAGE 3
015 A000010 DELETE
015 A000011 DEN DANSKE BANK
015 B000011 S
015 C010011 COPENHAGEN
015 D010011 DENMARK
015 E040011 X
015 A000012 FIRST CHICAGO CLEARING CENTRE
015 B000012 S
015 C010012 LONDON
015 D010012 EUROMARKET
015 E040012 X
015 A000013 CEDEL
015 B000013 S
015 C010013 LUXEMBOURG CITY
015 D010013 EUROMARKET
015 E040013 X
015 A000014 EUROCLEAR
015 B000014 S
015 C010014 BRUSSELS
015 D010014 EASDAQ
015 E040014 X
015 A000015 MERITA BANK PLC
015 B000015 S
015 C010015 HELSINKI
015 D010015 FINLAND
015 E040015 X
015 A000016 BANQUE PARIBAS, S.A.
015 B000016 S
015 C010016 PARIS
015 D010016 FRANCE
015 E040016 X
015 A000017 DRESDNER BANK AG
015 B000017 S
015 C010017 FRANKFURT
015 D010017 GERMANY
015 E040017 X
015 A000018 THE HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B000018 S
015 C010018 HONG KONG
015 D010018 HONG KONG
015 E040018 X
015 A000019 THE HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B000019 S
015 C010019 JAKARTA
015 D010019 INDONESIA
015 E040019 X
015 A000020 ALLIED IRISH BANKS PLC
015 B000020 S
015 C010020 DUBLIN
015 D010020 IRELAND
015 E040020 X
<PAGE> PAGE 4
015 A000021 BANK OF TOKYO MITSUBISHI
015 B000021 S
015 C010021 TOKYO
015 D010021 JAPAN
015 E040021 X
015 A000022 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEMBRG
015 B000022 S
015 C010022 LUXEMBOURG CITY
015 D010022 LUXEMBOURG
015 E040022 X
015 A000023 HSBC BANK MALAYSIA BERHAD
015 B000023 S
015 C010023 KUALA LUMPUR
015 D010023 MALAYSIA
015 E040023 X
015 A000024 BANCO NACIONAL DE MEXICO
015 B000024 S
015 C010024 MEXICO CITY
015 D010024 MEXICO
015 E040024 X
015 A000025 MEESPIERSON
015 B000025 S
015 C010025 AMSTERDAM
015 D010025 NETHERLANDS
015 E040025 X
015 A000026 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000026 S
015 C010026 WELLINGTON
015 D010026 NEW ZEALAND
015 E040026 X
015 A000027 STANDARD CHARTERED BANK
015 B000027 S
015 C010027 KARACHI
015 D010027 PAKISTAN
015 E040027 X
015 A000028 THE HONGKONG & SHANGHAI BANKING CORP. LTD
015 B000028 S
015 C010028 PASIG CITY MANILA
015 D010028 PHILIPPINES
015 E040028 X
015 A000029 BANCO COMERCIAL PORTUGUES, S.A.
015 B000029 S
015 C010029 LISBON
015 D010029 PORTUGAL
015 E040029 X
015 A000030 UNITED OVERSEAS BANK LTD.
015 B000030 S
015 C010030 SINGAPORE
015 D010030 SINGAPORE
015 E040030 X
015 A000031 STANDARD CORPORATE AND MERCHANT BANK
<PAGE> PAGE 5
015 B000031 S
015 C010031 JOHANNESBURG
015 D010031 SOUTH AFRICA
015 E040031 X
015 A000032 BANCO BILBAO VIZCAYA
015 B000032 S
015 C010032 MADRID
015 D010032 SPAIN
015 E040032 X
015 A000033 STANDARD CHARTERED BANK
015 B000033 S
015 C010033 COLOMBO
015 D010033 SRI LANKA
015 E040033 X
015 A000034 SKANDINAVISKA ENSKILDA BANKEN
015 B000034 S
015 C010034 STOCKHOLM
015 D010034 SWEDEN
015 E040034 X
015 A000035 UBS AG
015 B000035 S
015 C010035 ZURICH
015 D010035 SWITZERLAND
015 E040035 X
015 A000036 STANDARD CHARTERED BANK
015 B000036 S
015 C010036 BANGKOK
015 D010036 THAILAND
015 E040036 X
015 A000037 OSMANLI BANKASI A.S.
015 B000037 S
015 C010037 ISTANBUL
015 D010037 TURKEY
015 E040037 X
015 A000038 THE BANK OF NEW YORK
015 B000038 S
015 C010038 LONDON
015 D010038 UNITED KINGDOM
015 E040038 X
015 A000039 STANBIC BANK ZIMBABWE LTD.
015 B000039 S
015 C010039 HARARE
015 D010039 ZIMBABWE
015 E040039 X
015 A000040 CITIBANK, N.A.
015 B000040 S
015 C010040 CARACAS
015 D010040 VENEZUELA
015 E040040 X
015 A000041 STANBIC BANK ZAMBIA LTD.
015 B000041 S
<PAGE> PAGE 6
015 C010041 LUSAKA
015 D010041 ZAMBIA
015 E040041 X
015 A000042 THE FUJI BANK, LTD.
015 B000042 S
015 C010042 TOKYO
015 D010042 JAPAN
015 E040042 X
015 A000043 DEVELOPMENT BANK OF SINGAPORE
015 B000043 S
015 C010043 SINGAPORE
015 D010043 SINGAPORE
015 E040043 X
015 A000044 CREDIT SUISSE FIRST BOSTON - ZURICH
015 B000044 S
015 C010044 ZURICH
015 D010044 SWITZERLAND
015 E040044 X
015 A000045 BANGKOK BANK PUBLIC COMPANY LTD.
015 B000045 S
015 C010045 BANGKOK
015 D010045 THAILAND
015 E040045 X
015 A000046 FIRST CHICAGO CLEARING CENTRE
015 B000046 S
015 C010046 LONDON
015 D010046 UNITED KINGDOM
015 E040046 X
018 000000 Y
019 A000000 Y
019 B000000 234
019 C000000 FRNKTEMGRP
020 A000001 WARBURG DILLON READ LLC
020 B000001 13-3873456
020 C000001 2
020 A000002 JEFFRIES & CO INC.
020 B000002 95-2622900
020 C000002 1
020 A000003 DRESDNER KLEINWORT BENSON, NORTH AMERICA LLC
020 B000003 04-2442748
020 C000003 1
020 A000004 GOLDMAN SACHS & CO.
020 B000004 13-5108880
020 C000004 1
020 A000005 FORUM CAPITAL
020 B000005 06-1351111
020 C000005 1
020 A000006 PAINE WEBBER INC.
020 B000006 13-2638166
020 C000006 1
020 A000007 MORGAN STANLEY DEAN WITTER
<PAGE> PAGE 7
020 B000007 13-2655998
020 C000007 0
020 A000008 FAHNESTOCK & CO INC.
020 B000008 13-5657518
020 C000008 0
020 A000009 WHEAT FIRST UNION/FIRST CAP
020 B000009 56-1529080
020 C000009 0
020 A000010 MERRILL LYNCH PIERCE FENNER
020 B000010 13-5674085
020 C000010 0
021 000000 7
022 A000001 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000001 13-2741729
022 C000001 23174
022 D000001 0
022 A000002 CIBC WORLD MARKETS CORP.
022 B000002 13-2798343
022 C000002 19385
022 D000002 1040
022 A000003 PARIBAS CORP.
022 B000003 13-3235334
022 C000003 19810
022 D000003 0
022 A000004 BARCLAYS CAPITAL INC.
022 B000004 13-3551367
022 C000004 19391
022 D000004 0
022 A000005 WARBURG DILLON READ LLC
022 B000005 13-3873456
022 C000005 19269
022 D000005 0
022 A000006 PAINE WEBBER INC.
022 B000006 13-2638166
022 C000006 17799
022 D000006 0
022 A000007 DRESDNER KLEINWORT BENSON, NORTH AMERICA LLC
022 B000007 04-2442748
022 C000007 14912
022 D000007 0
022 A000008 LEHMAN BROTHERS INC.
022 B000008 13-2518466
022 C000008 13873
022 D000008 451
022 A000009 BEAR, STEARNS & CO. INC.
022 B000009 13-3299429
022 C000009 13190
022 D000009 0
022 A000010 CREDIT SUISSE FIRST BOSTON CORP.
022 B000010 13-5659485
022 C000010 11554
<PAGE> PAGE 8
022 D000010 91
023 C000000 198151
023 D000000 5455
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025 D000001 0
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<PAGE> PAGE 9
030 A000000 0
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<PAGE> PAGE 10
054 A000000 Y
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<PAGE> PAGE 11
070 A010000 Y
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<PAGE> PAGE 12
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<PAGE> PAGE 13
074 V010000 9.64
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086 C020000 0
086 D010000 0
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SIGNATURE LAURA FERGERSON
TITLE ASST. TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
MULTI-INCOME TRUST SEPTEMBER 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED IN IT
S ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 041
<NAME> FRANKLIN MULTI-INCOME TRUST
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 69,624,717
<INVESTMENTS-AT-VALUE> 70,811,338
<RECEIVABLES> 3,048,914
<ASSETS-OTHER> 95,439
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 73,955,691
<PAYABLE-FOR-SECURITIES> 992,490
<SENIOR-LONG-TERM-DEBT> 16,000,000
<OTHER-ITEMS-LIABILITIES> 500,556
<TOTAL-LIABILITIES> 17,493,046
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 53,790,114
<SHARES-COMMON-STOCK> 5,857,600
<SHARES-COMMON-PRIOR> 5,857,600
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (313,799)
<ACCUMULATED-NET-GAINS> 1,799,499
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,186,829
<NET-ASSETS> 56,462,643
<DIVIDEND-INCOME> 846,666
<INTEREST-INCOME> 2,186,983
<OTHER-INCOME> 0
<EXPENSES-NET> (972,923)
<NET-INVESTMENT-INCOME> 2,060,726
<REALIZED-GAINS-CURRENT> 379,170
<APPREC-INCREASE-CURRENT> (2,648,596)
<NET-CHANGE-FROM-OPS> (208,700)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,155,597)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (2,364,297)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,420,329
<OVERDISTRIB-NII-PRIOR> (218,928)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (324,859)
<INTEREST-EXPENSE> (572,800)
<GROSS-EXPENSE> (400,123)
<AVERAGE-NET-ASSETS> 76,437,518
<PER-SHARE-NAV-BEGIN> 10.040
<PER-SHARE-NII> .350
<PER-SHARE-GAIN-APPREC> (.380)
<PER-SHARE-DIVIDEND> (.370)<F1>
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 9.640
<EXPENSE-RATIO> 3.220<F2>
<FN>
<F1>INCLUDES DISTRIBUTIONS IN EXCESS OF NET INVESTMENT
INCOME IN THE AMOUNT OF $.02.
<F2>ANNUALIZED
</FN>
</TABLE>
