FRANKLIN VALUE INVESTORS TRUST, 497J, 1996-03-13

FRANKLIN VALUE INVESTORS TRUST
497J, 1996-03-13

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                       Franklin Templeton Group of Funds
                         777 Mariners Island Boulevard
                          San Mateo, California 94404


March 13, 1996


Filed Via EDGAR (CIK #0000856119)
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549-1004

     Re:     Franklin Value Investors Trust
             (Franklin Value Fund)
             FILE NOS. 33-31326 and 811-5878


Ladies/Gentlemen:

Pursuant to Rule 497(j) under the Securities Act of 1933, this is to certify
that the form of Franklin Value Fund Prospectus and Statement of Additional
Information that would have been filed under Rule 497(c) does not differ from
that contained in Post-Effective Amendment No. 11 to the Registration
Statement on Form N-1A, which was filed electronically with the Securities
and Exchange Commission on March 8, 1996.

Sincerely,

Franklin Value Investors Trust



By  /s/ Larry L. Greene
        Senior Corporate Counsel