<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> 043
<NAME> FRANKLIN LARGE CAP VALUE FUND - CLASS C
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> OCT-31-2000<F1>
<INVESTMENTS-AT-COST> 5,203,664
<INVESTMENTS-AT-VALUE> 5,746,611
<RECEIVABLES> 100,583
<ASSETS-OTHER> 28,130
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,875,324
<PAYABLE-FOR-SECURITIES> 88,634
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,474
<TOTAL-LIABILITIES> 93,108
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,217,543
<SHARES-COMMON-STOCK> 172,086
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 42,368
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (20,643)
<ACCUM-APPREC-OR-DEPREC> 542,947
<NET-ASSETS> 5,782,215
<DIVIDEND-INCOME> 44,926
<INTEREST-INCOME> 6,511
<OTHER-INCOME> 0
<EXPENSES-NET> (21,882)
<NET-INVESTMENT-INCOME> 29,555
<REALIZED-GAINS-CURRENT> (20,643)
<APPREC-INCREASE-CURRENT> 542,947
<NET-CHANGE-FROM-OPS> 551,859
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 174,652
<NUMBER-OF-SHARES-REDEEMED> (2,566)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5,782,215
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (8,355)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (52,006)
<AVERAGE-NET-ASSETS> 3,661,978
<PER-SHARE-NAV-BEGIN> 10.000
<PER-SHARE-NII> .060<F2>
<PER-SHARE-GAIN-APPREC> 1.050
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 11.110
<EXPENSE-RATIO> 1.790<F3><F4>
<FN>
<F1>FOR THE PERIOD JUNE 1, 2000 (EFFECTIVE DATE) TO
OCTOBER 31, 2000.
<F2>BASED ON AVERAGE SHARES OUTSTANDING.
<F3>ANNUALIZED.
<F4>EXPENSE RATIO EXCLUDING WAIVER AND PAYMENTS BY
AFFILIATE 3.76%.
</FN>
</TABLE>
