<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
MULTI-INCOME TRUST SEPTEMBER 30, 2000 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-31-2001
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 68,845,644
<INVESTMENTS-AT-VALUE> 75,742,130
<RECEIVABLES> 2,001,853
<ASSETS-OTHER> 76,013
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 77,819,996
<PAYABLE-FOR-SECURITIES> 573,705
<SENIOR-LONG-TERM-DEBT> 16,000,000
<OTHER-ITEMS-LIABILITIES> 471,279
<TOTAL-LIABILITIES> 17,044,984
<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> (190,478)
<ACCUMULATED-NET-GAINS> 279,284
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,896,092
<NET-ASSETS> 60,775,012
<DIVIDEND-INCOME> 872,939
<INTEREST-INCOME> 1,953,571
<OTHER-INCOME> 0
<EXPENSES-NET> (914,464)
<NET-INVESTMENT-INCOME> 1,912,046
<REALIZED-GAINS-CURRENT> 341,856
<APPREC-INCREASE-CURRENT> 7,930,652
<NET-CHANGE-FROM-OPS> 10,184,554
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,968,154)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 8,216,400
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (134,370)
<OVERDIST-NET-GAINS-PRIOR> (62,572)
<GROSS-ADVISORY-FEES> (299,046)
<INTEREST-EXPENSE> (540,000)
<GROSS-EXPENSE> (914,464)
<AVERAGE-NET-ASSETS> 71,532,690
<PER-SHARE-NAV-BEGIN> 8.970
<PER-SHARE-NII> .330
<PER-SHARE-GAIN-APPREC> 1.420
<PER-SHARE-DIVIDEND> (.340)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 10.380
<EXPENSE-RATIO> 3.300<F1>
<FN>
<F1>ANNUALIZED
</FN>
</TABLE>
