<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
VALUE INVESTORS TRUST OCTOBER 31, 2000 ANNUAL REPORT AND IS QUALIFIED IN ITS EN
TIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 011
<NAME> FRANKLIN BALANCE SHEET INVESTMENT FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 814,600,018
<INVESTMENTS-AT-VALUE> 993,988,564
<RECEIVABLES> 78,164,457
<ASSETS-OTHER> 85,600
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,072,238,621
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,345,275
<TOTAL-LIABILITIES> 4,345,275
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 871,540,512
<SHARES-COMMON-STOCK> 30,661,219
<SHARES-COMMON-PRIOR> 38,916,482
<ACCUMULATED-NII-CURRENT> 322,193
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 16,642,095
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 179,388,546
<NET-ASSETS> 1,067,893,346
<DIVIDEND-INCOME> 18,120,125
<INTEREST-INCOME> 3,280,317
<OTHER-INCOME> 0
<EXPENSES-NET> (11,021,271)
<NET-INVESTMENT-INCOME> 10,379,171
<REALIZED-GAINS-CURRENT> 18,201,993
<APPREC-INCREASE-CURRENT> 145,481,508
<NET-CHANGE-FROM-OPS> 174,062,672
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10,313,130)
<DISTRIBUTIONS-OF-GAINS> (10,252,922)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,763,884
<NUMBER-OF-SHARES-REDEEMED> (17,641,297)
<SHARES-REINVESTED> 622,150
<NET-CHANGE-IN-ASSETS> (97,885,429)
<ACCUMULATED-NII-PRIOR> 440,532
<ACCUMULATED-GAINS-PRIOR> 8,508,644
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (4,933,240)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (11,021,271)
<AVERAGE-NET-ASSETS> 1,037,691,430
<PER-SHARE-NAV-BEGIN> 29.960
<PER-SHARE-NII> .310<F1>
<PER-SHARE-GAIN-APPREC> 5.150
<PER-SHARE-DIVIDEND> (.310)
<PER-SHARE-DISTRIBUTIONS> (.280)
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 34.830
<EXPENSE-RATIO> 1.060
<FN>
<F1>BASED ON AVERAGE SHARES OUTSTANDING.
</FN>
</TABLE>
