<PAGE> PAGE 1
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007 C020300 FRANKLIN GLOBAL HEALTH CARE FUND
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007 C010400 4
007 C020400 FRANKLIN GLOBAL UTILITIES FUND
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007 C020500 FRANKLIN MIDCAP GROWTH FUND
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007 C020600 FRANKLIN MIDCAP SECURITIES FUND
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007 C020700 FRANKLIN STRATEGIC INCOME FUND
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007 C010800 8
007 C020800 FRANKLIN NATURAL RESOURCES FUND
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<PAGE> PAGE 2
011 A00AA01 FRANKLIN/TEMPLETON DISTRIBUTORS, INC.
011 B00AA01 8-5889
011 C01AA01 SAN MATEO
011 C02AA01 CA
011 C03AA01 94403
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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054 L000100 Y
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<PAGE> PAGE 8
070 B020100 N
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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008 A000201 FRANKLIN ADVISERS, INC.
008 B000201 A
008 C000201 801-26292
008 D010201 SAN MATEO
008 D020201 CA
008 D030201 94403
008 D040201 7777
015 A000201 THE BANK OF NEW YORK
015 B000201 C
015 C010201 NEW YORK
015 C020201 NY
015 C030201 10286
015 E010201 X
015 A000202 BANK OF AMERICA NT & SA
015 B000202 C
015 C010202 SAN FRANCISCO
015 C020202 CA
015 C030202 94104
015 C040202 1502
015 E010202 X
015 A000203 CITIBANK DELAWARE
015 B000203 C
015 C010203 NEW CASTLE
015 C020203 DE
015 C030203 19720
015 C040203 2409
015 E010203 X
015 A000204 THE BANK OF BOSTON
015 B000204 S
015 C010204 BUENOS AIRES
015 D010204 ARGENTINA
015 E040204 X
015 A000205 AUSTRALIA AND NEW ZEALAND BANKING GROUP
015 B000205 S
015 C010205 MELBOURNE
015 D010205 AUSTRALIA
015 E040205 X
015 A000206 GIROCREDIT BANK AG DER OSTERREICHISCHEN SPARK
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015 C010206 VIENNA
015 D010206 AUSTRIA
015 E040206 X
015 A000207 STANDARD CHARTERED BANK PLC
015 B000207 S
015 C010207 DHAKA
015 D010207 BANGLADESH
<PAGE> PAGE 11
015 E040207 X
015 A000208 BANQUE BRUXELLESLAMBERT
015 B000208 S
015 C010208 BRUSSELS
015 D010208 BELGIUM
015 E040208 X
015 A000209 THE BANK OF BOSTON
015 B000209 S
015 C010209 SAO PAULO
015 D010209 BRAZIL
015 E040209 X
015 A000210 THE ROYAL TRUST CORPORATION OF CANADA
015 B000210 S
015 C010210 MONTREAL
015 D010210 CANADA
015 E040210 X
015 A000211 THE BANK OF BOSTON
015 B000211 S
015 C010211 SANTIAGO
015 D010211 CHILE
015 E040211 X
015 A000212 BANCO DE CHILE
015 B000212 S
015 C010212 SANTIAGO
015 D010212 CHILE
015 E040212 X
015 A000213 STANDARD CHARTERED BANK
015 B000213 S
015 C010213 SHANGHAI
015 D010213 CHINA
015 E040213 X
015 A000214 STANDARD CHARTERED BANK
015 B000214 S
015 C010214 SHENZHEN
015 D010214 CHINA
015 E040214 X
015 A000215 CITIBANK, N.A. VIA CITITRUST COLOMBIA S.A.
015 B000215 S
015 C010215 BOGOTA
015 D010215 COLOMBIA
015 E040215 X
015 A000216 CESKOSLOVENSKA OBCHODNI BANKA
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015 C010216 PRAHA (PRAGUE)
015 D010216 CZECH REPUBLIC
015 E040216 X
015 A000217 DEN DANSKE BANK
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015 C010217 COPENHAGEN
015 D010217 DENMARK
015 E040217 X
<PAGE> PAGE 12
015 A000218 MERITA BANK
015 B000218 S
015 C010218 HELSINKI
015 D010218 FINLAND
015 E040218 X
015 A000219 BANQUE PARIBAS
015 B000219 S
015 C010219 PARIS
015 D010219 FRANCE
015 E040219 X
015 A000220 DRESDNER BANK AG
015 B000220 S
015 C010220 FRANKFURT
015 D010220 GERMANY
015 E040220 X
015 A000221 ALPHA CREDIT BANK A.E.
015 B000221 S
015 C010221 ATHENS
015 D010221 GREECE
015 E040221 X
015 A000222 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000222 S
015 C010222 HONG KONG
015 D010222 HONG KONG
015 E040222 X
015 A000223 CITIBANK, N.A.
015 B000223 S
015 C010223 BUDAPEST
015 D010223 HUNGARY
015 E040223 X
015 A000224 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000224 S
015 C010224 BOMBAY
015 D010224 INDIA
015 E040224 X
015 A000225 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000225 S
015 C010225 JAKARTA
015 D010225 INDONESIA
015 E040225 X
015 A000226 ALLIED IRISH BANK
015 B000226 S
015 C010226 DUBLIN
015 D010226 IRELAND
015 E040226 X
015 A000227 ISRAEL DISCOUNT BANK
015 B000227 S
015 C010227 TEL AVIV
015 D010227 ISRAEL
015 E040227 X
015 A000228 BANCA COMMERCIALE ITALIANA
<PAGE> PAGE 13
015 B000228 S
015 C010228 MILAN
015 D010228 ITALY
015 E040228 X
015 A000229 YASUDA TRUST & BANKING COMPANY
015 B000229 S
015 C010229 TOKYO
015 D010229 JAPAN
015 E040229 X
015 A000230 CEDEL
015 B000230 S
015 C010230 LUXEMBOURG CITY
015 D010230 LUXEMBOURG
015 E040230 X
015 A000231 FIRST CHICAGO CLEARING CENTRE
015 B000231 S
015 C010231 LONDON
015 D010231 LUXEMBOURG
015 E040231 X
015 A000232 THE HONGKONG BANK MALAYSIA BERHAD
015 B000232 S
015 C010232 KUALA LUMPUR
015 D010232 MALAYSIA
015 E040232 X
015 A000233 BANCO NACIONAL DE MEXICO
015 B000233 S
015 C010233 MEXICO CITY
015 D010233 MEXICO
015 E040233 X
015 A000234 BANQUE COMMERCIALE DU MAROC
015 B000234 S
015 C010234 CASABLANCA
015 D010234 MOROCCO
015 E040234 X
015 A000235 MEESPIERSON
015 B000235 S
015 C010235 AMSTERDAM
015 D010235 NETHERLANDS
015 E040235 X
015 A000236 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD
015 B000236 S
015 C010236 WELLINGTON
015 D010236 NEW ZEALAND
015 E040236 X
015 A000237 DEN NORSKE BANK A.S.
015 B000237 S
015 C010237 BERGEN/OSLO
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015 E040237 X
015 A000238 STANDARD CHARTERED BANK
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<PAGE> PAGE 14
015 C010238 KARACHI
015 D010238 PAKISTAN
015 E040238 X
015 A000239 CITIBANK, N.A.
015 B000239 S
015 C010239 LIMA
015 D010239 PERU
015 E040239 X
015 A000240 THE HONGKONG & SHANGHAI BANKING CORP., LTD
015 B000240 S
015 C010240 MANILA
015 D010240 PHILIPPINES
015 E040240 X
015 A000241 BANK HANDLOWY W WARSZAWIE S.A.
015 B000241 S
015 C010241 WARSAW
015 D010241 POLAND
015 E040241 X
015 A000242 BANCO COMERCIAL PORTUGUES, S.A.
015 B000242 S
015 C010242 LISBON
015 D010242 PORTUGAL
015 E040242 X
015 A000243 UNITED OVERSEAS BANK
015 B000243 S
015 C010243 SINGAPORE
015 D010243 SINGAPORE
015 E040243 X
015 A000244 STANDARD BANK OF SOUTH AFRICA LTD
015 B000244 S
015 C010244 JOHANNESBURG
015 D010244 SOUTH AFRICA
015 E040244 X
015 A000245 SEOULBANK
015 B000245 S
015 C010245 SEOUL
015 D010245 SOUTH KOREA
015 E040245 X
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015 C010246 MADRID/BILBAO
015 D010246 SPAIN
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015 A000247 SKANDINAVISKA ENSKILDA BANKEN
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015 C010247 STOCKHOLM
015 D010247 SWEDEN
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015 A000248 UNION BANK OF SWITZERLAND
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<PAGE> PAGE 15
015 D010248 SWITZERLAND
015 E040248 X
015 A000249 HONGKONG AND SHANGHAI BANKING CORP., LTD
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015 C010249 TAIPEI
015 D010249 TAIWAN (R.O.C.)
015 E040249 X
015 A000250 THE SIAM COMMERCIAL BANK PUBLIC CO LTD
015 B000250 S
015 C010250 BANGKOK
015 D010250 THAILAND
015 E040250 X
015 A000251 CITIBANK, N.A.
015 B000251 S
015 C010251 ISTANBUL
015 D010251 TURKEY
015 E040251 X
015 A000252 THE BANK OF NEW YORK
015 B000252 S
015 C010252 LONDON
015 D010252 UNITED KINGDOM
015 E040252 X
015 A000253 THE BANK OF BOSTON
015 B000253 S
015 C010253 MONTEVIDEO
015 D010253 URUGUAY
015 E040253 X
015 A000254 CITIBANK, N.A.
015 B000254 S
015 C010254 CARACAS
015 D010254 VENEZUELA
015 E040254 X
015 A000255 STANDARD CHARTERED BANK
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015 C010255 COLOMBO
015 D010255 SRI LANKA
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024 000200 N
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<PAGE> PAGE 16
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<PAGE> PAGE 17
048 C010200 9750000
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048 D010200 2500000
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049 000200 N
050 000200 N
051 000200 N
052 000200 N
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054 C000200 Y
054 D000200 N
054 E000200 N
054 F000200 N
054 G000200 Y
054 H000200 Y
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054 J000200 Y
054 K000200 N
054 L000200 Y
054 M000200 Y
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054 O000200 N
055 A000200 N
055 B000200 N
056 000200 N
057 000200 N
058 A000200 N
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060 A000200 Y
060 B000200 Y
061 000200 100
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<PAGE> PAGE 18
062 E000200 0.0
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066 A000200 Y
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066 E000200 N
066 F000200 N
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067 000200 N
068 A000200 N
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069 000200 N
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<PAGE> PAGE 19
070 M010200 Y
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070 N010200 Y
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070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 Y
070 Q010200 N
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200 420776
071 B000200 153640
071 C000200 552718
071 D000200 28
072 A000200 6
072 B000200 1940
072 C000200 1552
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072 E000200 0
072 F000200 1505
072 G000200 0
072 H000200 0
072 I000200 290
072 J000200 9
072 K000200 0
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072 S000200 7
072 T000200 917
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072 X000200 2930
072 Y000200 0
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073 A020200 0.0000
<PAGE> PAGE 20
073 B000200 0.0000
073 C000200 0.0000
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074 B000200 50907
074 C000200 0
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008 A000301 FRANKLIN ADVISERS, INC.
008 B000301 A
008 C000301 801-26292
008 D010301 SAN MATEO
008 D020301 CA
008 D030301 94403
008 D040301 7777
015 A000301 THE BANK OF NEW YORK
015 B000301 C
015 C010301 NEW YORK
015 C020301 NY
015 C030301 10286
015 E010301 X
015 A000302 BANK OF AMERICA NT & SA
015 B000302 C
015 C010302 SAN FRANCISCO
<PAGE> PAGE 21
015 C020302 CA
015 C030302 94104
015 C040302 1502
015 E010302 X
015 A000303 CITIBANK DELAWARE
015 B000303 C
015 C010303 NEW CASTLE
015 C020303 DE
015 C030303 19720
015 C040303 2409
015 E010303 X
015 A000304 THE BANK OF BOSTON
015 B000304 S
015 C010304 BUENOS AIRES
015 D010304 ARGENTINA
015 E040304 X
015 A000305 AUSTRALIA AND NEW ZEALAND BANKING GROUP
015 B000305 S
015 C010305 MELBOURNE
015 D010305 AUSTRALIA
015 E040305 X
015 A000306 GIROCREDIT BANK AG DER OSTERREICHISCHEN SPARK
015 B000306 S
015 C010306 VIENNA
015 D010306 AUSTRIA
015 E040306 X
015 A000307 STANDARD CHARTERED BANK PLC
015 B000307 S
015 C010307 DHAKA
015 D010307 BANGLADESH
015 E040307 X
015 A000308 BANQUE BRUXELLESLAMBERT
015 B000308 S
015 C010308 BRUSSELS
015 D010308 BELGIUM
015 E040308 X
015 A000309 THE BANK OF BOSTON
015 B000309 S
015 C010309 SAO PAULO
015 D010309 BRAZIL
015 E040309 X
015 A000310 THE ROYAL TRUST CORPORATION OF CANADA
015 B000310 S
015 C010310 MONTREAL
015 D010310 CANADA
015 E040310 X
015 A000311 THE BANK OF BOSTON
015 B000311 S
015 C010311 SANTIAGO
015 D010311 CHILE
015 E040311 X
<PAGE> PAGE 22
015 A000312 BANCO DE CHILE
015 B000312 S
015 C010312 SANTIAGO
015 D010312 CHILE
015 E040312 X
015 A000313 STANDARD CHARTERED BANK
015 B000313 S
015 C010313 SHANGHAI
015 D010313 CHINA
015 E040313 X
015 A000314 STANDARD CHARTERED BANK
015 B000314 S
015 C010314 SHENZHEN
015 D010314 CHINA
015 E040314 X
015 A000315 CITIBANK, N.A. VIA CITITRUST COLOMBIA S.A.
015 B000315 S
015 C010315 BOGOTA
015 D010315 COLOMBIA
015 E040315 X
015 A000316 CESKOSLOVENSKA OBCHODNI BANKA
015 B000316 S
015 C010316 PRAHA (PRAGUE)
015 D010316 CZECH REPUBLIC
015 E040316 X
015 A000317 DEN DANSKE BANK
015 B000317 S
015 C010317 COPENHAGEN
015 D010317 DENMARK
015 E040317 X
015 A000318 MERITA BANK
015 B000318 S
015 C010318 HELSINKI
015 D010318 FINLAND
015 E040318 X
015 A000319 BANQUE PARIBAS
015 B000319 S
015 C010319 PARIS
015 D010319 FRANCE
015 E040319 X
015 A000320 DRESDNER BANK AG
015 B000320 S
015 C010320 FRANKFURT
015 D010320 GERMANY
015 E040320 X
015 A000321 ALPHA CREDIT BANK A.E.
015 B000321 S
015 C010321 ATHENS
015 D010321 GREECE
015 E040321 X
015 A000322 THE HONGKONG AND SHANGHAI BANKING CORP LTD
<PAGE> PAGE 23
015 B000322 S
015 C010322 HONG KONG
015 D010322 HONG KONG
015 E040322 X
015 A000323 CITIBANK, N.A.
015 B000323 S
015 C010323 BUDAPEST
015 D010323 HUNGARY
015 E040323 X
015 A000324 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000324 S
015 C010324 BOMBAY
015 D010324 INDIA
015 E040324 X
015 A000325 THE HONGKONG & SHANGHAI BANKING CORP LTD
015 B000325 S
015 C010325 JAKARTA
015 D010325 INDONESIA
015 E040325 X
015 A000326 ALLIED IRISH BANK
015 B000326 S
015 C010326 DUBLIN
015 D010326 IRELAND
015 E040326 X
015 A000327 ISRAEL DISCOUNT BANK
015 B000327 S
015 C010327 TEL AVIV
015 D010327 ISRAEL
015 E040327 X
015 A000328 BANCA COMMERCIALE ITALIANA
015 B000328 S
015 C010328 MILAN
015 D010328 ITALY
015 E040328 X
015 A000329 YASUDA TRUST & BANKING COMPANY
015 B000329 S
015 C010329 TOKYO
015 D010329 JAPAN
015 E040329 X
015 A000330 CEDEL
015 B000330 S
015 C010330 LUXEMBOURG CITY
015 D010330 LUXEMBOURG
015 E040330 X
015 A000331 FIRST CHICAGO CLEARING CENTRE
015 B000331 S
015 C010331 LONDON
015 D010331 LUXEMBOURG
015 E040331 X
015 A000332 THE HONGKONG BANK MALAYSIA BERHAD
015 B000332 S
<PAGE> PAGE 24
015 C010332 KUALA LUMPUR
015 D010332 MALAYSIA
015 E040332 X
015 A000333 BANCO NACIONAL DE MEXICO
015 B000333 S
015 C010333 MEXICO CITY
015 D010333 MEXICO
015 E040333 X
015 A000334 BANQUE COMMERCIALE DU MAROC
015 B000334 S
015 C010334 CASABLANCA
015 D010334 MOROCCO
015 E040334 X
015 A000335 MEESPIERSON
015 B000335 S
015 C010335 AMSTERDAM
015 D010335 NETHERLANDS
015 E040335 X
015 A000336 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD
015 B000336 S
015 C010336 WELLINGTON
015 D010336 NEW ZEALAND
015 E040336 X
015 A000337 DEN NORSKE BANK A.S.
015 B000337 S
015 C010337 BERGEN/OSLO
015 D010337 NORWAY
015 E040337 X
015 A000338 STANDARD CHARTERED BANK
015 B000338 S
015 C010338 KARACHI
015 D010338 PAKISTAN
015 E040338 X
015 A000339 CITIBANK, N.A.
015 B000339 S
015 C010339 LIMA
015 D010339 PERU
015 E040339 X
015 A000340 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000340 S
015 C010340 MANILA
015 D010340 PHILIPPINES
015 E040340 X
015 A000341 BANK HANDLOWY W WARSZAWIE S.A.
015 B000341 S
015 C010341 WARSAW
015 D010341 POLAND
015 E040341 X
015 A000342 BANCO COMERCIAL PORTUGUES, S.A.
015 B000342 S
015 C010342 LISBON
<PAGE> PAGE 25
015 D010342 PORTUGAL
015 E040342 X
015 A000343 UNITED OVERSEAS BANK
015 B000343 S
015 C010343 SINGAPORE
015 D010343 SINGAPORE
015 E040343 X
015 A000344 STANDARD BANK OF SOUTH AFRICA LTD
015 B000344 S
015 C010344 JOHANNESBURG
015 D010344 SOUTH AFRICA
015 E040344 X
015 A000345 SEOULBANK
015 B000345 S
015 C010345 SEOUL
015 D010345 SOUTH KOREA
015 E040345 X
015 A000346 BANCO BILBAO VIZCAYA
015 B000346 S
015 C010346 MADRID/BILBAO
015 D010346 SPAIN
015 E040346 X
015 A000347 STANDARD CHARTERED BANK
015 B000347 S
015 C010347 COLOMBO
015 D010347 SRI LANKA
015 E040347 X
015 A000348 SKANDINAVISKA ENSKILDA BANKEN
015 B000348 S
015 C010348 STOCKHOLM
015 D010348 SWEDEN
015 E040348 X
015 A000349 UNION BANK OF SWITZERLAND
015 B000349 S
015 C010349 ZURICH
015 D010349 SWITZERLAND
015 E040349 X
015 A000350 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000350 S
015 C010350 TAIPEI
015 D010350 TAIWAN (R.O.C.)
015 E040350 X
015 A000351 THE SIAM COMMERCIAL BANK PUBLIC CO LTD
015 B000351 S
015 C010351 BANGKOK
015 D010351 THAILAND
015 E040351 X
015 A000352 CITIBANK, N.A.
015 B000352 S
015 C010352 ISTANBUL
015 D010352 TURKEY
<PAGE> PAGE 26
015 E040352 X
015 A000353 THE BANK OF NEW YORK
015 B000353 S
015 C010353 LONDON
015 D010353 UNITED KINGDOM
015 E040353 X
015 A000354 THE BANK OF BOSTON
015 B000354 S
015 C010354 MONTEVIDEO
015 D010354 URUGUAY
015 E040354 X
015 A000355 CITIBANK, N.A.
015 B000355 S
015 C010355 CARACAS
015 D010355 VENEZUELA
015 E040355 X
024 000300 N
028 A010300 33037
028 A020300 0
028 A030300 0
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028 B010300 17528
028 B020300 130
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028 D010300 12897
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028 D040300 5459
028 E010300 14638
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028 E040300 5968
028 F010300 13099
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028 F030300 0
028 F040300 10763
028 G010300 104536
028 G020300 130
028 G030300 0
028 G040300 51085
028 H000300 104536
029 000300 Y
030 A000300 1983
030 B000300 4.50
030 C000300 0.00
031 A000300 198
<PAGE> PAGE 27
031 B000300 0
032 000300 1785
033 000300 0
034 000300 N
035 000300 0
036 B000300 0
037 000300 N
038 000300 0
039 000300 N
040 000300 Y
041 000300 Y
042 A000300 0
042 B000300 0
042 C000300 100
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 155
044 000300 190
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 100000
048 A020300 0.625
048 B010300 150000
048 B020300 0.500
048 C010300 9750000
048 C020300 0.450
048 D010300 2500000
048 D020300 0.440
048 E010300 2500000
048 E020300 0.420
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 15000000
048 K020300 0.400
049 000300 N
050 000300 N
051 000300 N
052 000300 N
<PAGE> PAGE 28
053 A000300 N
054 A000300 Y
054 B000300 Y
054 C000300 Y
054 D000300 N
054 E000300 N
054 F000300 N
054 G000300 Y
054 H000300 Y
054 I000300 N
054 J000300 Y
054 K000300 N
054 L000300 Y
054 M000300 Y
054 N000300 N
054 O000300 N
055 A000300 N
055 B000300 N
056 000300 N
057 000300 N
058 A000300 N
059 000300 Y
060 A000300 N
060 B000300 N
061 000300 100
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
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062 H000300 0.0
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062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
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063 B000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 Y
066 D000300 N
066 E000300 N
066 F000300 N
<PAGE> PAGE 29
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
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070 E020300 N
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070 F020300 N
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070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
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070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 Y
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070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 101237
071 B000300 37884
071 C000300 118639
071 D000300 32
072 A000300 6
072 B000300 466
072 C000300 176
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072 F000300 404
<PAGE> PAGE 30
072 G000300 0
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<PAGE> PAGE 31
074 R040300 50
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074 U010300 8341
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008 A000401 FRANKLIN ADVISERS, INC.
008 B000401 A
008 C000401 801-26292
008 D010401 SAN MATEO
008 D020401 CA
008 D030401 94403
008 D040401 7777
015 A000401 THE BANK OF NEW YORK
015 B000401 C
015 C010401 NEW YORK
015 C020401 NY
015 C030401 10286
015 E010401 X
015 A000402 BANK OF AMERICA NT & SA
015 B000402 C
015 C010402 SAN FRANCISCO
015 C020402 CA
015 C030402 94104
015 C040402 1502
015 E010402 X
015 A000403 CITIBANK DELAWARE
015 B000403 C
015 C010403 NEW CASTLE
015 C020403 DE
015 C030403 19720
015 C040403 2409
015 E010403 X
015 A000404 THE BANK OF BOSTON
015 B000404 S
015 C010404 BUENOS AIRES
015 D010404 ARGENTINA
015 E040404 X
015 A000405 AUSTRALIA AND NEW ZEALAND BANKING GROUP
015 B000405 S
015 C010405 MELBOURNE
015 D010405 AUSTRALIA
015 E040405 X
015 A000406 GIROCREDIT BANK AG DER OSTERREICHISCHEN SPARK
<PAGE> PAGE 32
015 B000406 S
015 C010406 VIENNA
015 D010406 AUSTRIA
015 E040406 X
015 A000407 STANDARD CHARTERED BANK PLC
015 B000407 S
015 C010407 DHAKA
015 D010407 BANGLADESH
015 E040407 X
015 A000408 BANQUE BRUXELLESLAMBERT
015 B000408 S
015 C010408 BRUSSELS
015 D010408 BELGIUM
015 E040408 X
015 A000409 THE BANK OF BOSTON
015 B000409 S
015 C010409 SAO PAULO
015 D010409 BRAZIL
015 E040409 X
015 A000410 THE ROYAL TRUST CORPORATION OF CANADA
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015 C010410 MONTREAL
015 D010410 CANADA
015 E040410 X
015 A000411 THE BANK OF BOSTON
015 B000411 S
015 C010411 SANTIAGO
015 D010411 CHILE
015 E040411 X
015 A000412 BANCO DE CHILE
015 B000412 S
015 C010412 SANTIAGO
015 D010412 CHILE
015 E040412 X
015 A000413 STANDARD CHARTERED BANK
015 B000413 S
015 C010413 SHANGHAI
015 D010413 CHINA
015 E040413 X
015 A000414 STANDARD CHARTERED BANK
015 B000414 S
015 C010414 SHENZHEN
015 D010414 CHINA
015 E040414 X
015 A000415 CITIBANK, N.A. VIA CITITRUST COLOMBIA S.A.
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015 C010415 BOGOTA
015 D010415 COLOMBIA
015 E040415 X
015 A000416 CESKOSLOVENSKA OBCHODNI BANKA
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<PAGE> PAGE 33
015 C010416 PRAHA (PRAGUE)
015 D010416 CZECH REPUBLIC
015 E040416 X
015 A000417 DEN DANSKE BANK
015 B000417 S
015 C010417 COPENHAGEN
015 D010417 DENMARK
015 E040417 X
015 A000418 MERITA BANK
015 B000418 S
015 C010418 HELSINKI
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015 E040418 X
015 A000419 BANQUE PARIBAS
015 B000419 S
015 C010419 PARIS
015 D010419 FRANCE
015 E040419 X
015 A000420 DRESDNER BANK AG
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015 C010420 FRANKFURT
015 D010420 GERMANY
015 E040420 X
015 A000421 ALPHA CREDIT BANK A.E.
015 B000421 S
015 C010421 ATHENS
015 D010421 GREECE
015 E040421 X
015 A000422 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000422 S
015 C010422 HONG KONG
015 D010422 HONG KONG
015 E040422 X
015 A000423 CITIBANK, N.A.
015 B000423 S
015 C010423 BUDAPEST
015 D010423 HUNGARY
015 E040423 X
015 A000424 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000424 S
015 C010424 BOMBAY
015 D010424 INDIA
015 E040424 X
015 A000425 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000425 S
015 C010425 JAKARTA
015 D010425 INDONESIA
015 E040425 X
015 A000426 ALLIED IRISH BANK
015 B000426 S
015 C010426 DUBLIN
<PAGE> PAGE 34
015 D010426 IRELAND
015 E040426 X
015 A000427 ISRAEL DISCOUNT BANK
015 B000427 S
015 C010427 TEL AVIV
015 D010427 ISRAEL
015 E040427 X
015 A000428 BANCA COMMERCIALE ITALIANA
015 B000428 S
015 C010428 MILAN
015 D010428 ITALY
015 E040428 X
015 A000429 YASUDA TRUST & BANKING COMPANY
015 B000429 S
015 C010429 TOKYO
015 D010429 JAPAN
015 E040429 X
015 A000430 CEDEL
015 B000430 S
015 C010430 LUXEMBOURG CITY
015 D010430 LUXEMBOURG
015 E040430 X
015 A000431 FIRST CHICAGO CLEARING CENTRE
015 B000431 S
015 C010431 LONDON
015 D010431 LUXEMBOURG
015 E040431 X
015 A000432 THE HONGKONG BANK MALAYSIA BERHAD
015 B000432 S
015 C010432 KUALA LUMPER
015 D010432 MALAYSIA
015 E040432 X
015 A000433 BANCO NACIONAL DE MEXICO
015 B000433 S
015 C010433 MEXICO CITY
015 D010433 MEXICO
015 E040433 X
015 A000434 BANQUE COMMERCIALE DU MAROC
015 B000434 S
015 C010434 CASABLANCA
015 D010434 MOROCCO
015 E040434 X
015 A000435 MEESPIERSON
015 B000435 S
015 C010435 AMSTERDAM
015 D010435 NETHERLANDS
015 E040435 X
015 A000436 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD
015 B000436 S
015 C010436 WELLINGTON
015 D010436 NEW ZEALAND
<PAGE> PAGE 35
015 E040436 X
015 A000437 DEN NORSKE BANK A.S.
015 B000437 S
015 C010437 BERGEN/OSLO
015 D010437 NORWAY
015 E040437 X
015 A000438 STANDARD CHARTERED BANK
015 B000438 S
015 C010438 KARACHI
015 D010438 PAKISTAN
015 E040438 X
015 A000439 CITIBANK, N.A.
015 B000439 S
015 C010439 LIMA
015 D010439 PERU
015 E040439 X
015 A000440 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000440 S
015 C010440 MANILA
015 D010440 PHILIPPINES
015 E040440 X
015 A000441 BANK HANDLOWY W WARSZAWIE S.A.
015 B000441 S
015 C010441 WARSAW
015 D010441 POLAND
015 E040441 X
015 A000442 BANCO COMERCIAL PORTUGUES, S.A.
015 B000442 S
015 C010442 LISBON
015 D010442 PORTUGAL
015 E040442 X
015 A000443 UNITED OVERSEAS BANK
015 B000443 S
015 C010443 SINGAPORE
015 D010443 SINGAPORE
015 E040443 X
015 A000444 STANDARD BANK OF SOUTH AFRICA LTD
015 B000444 S
015 C010444 JOHANNESBURG
015 D010444 SOUTH AFRICA
015 E040444 X
015 A000445 SEOULBANK
015 B000445 S
015 C010445 SEOUL
015 D010445 SOUTH KOREA
015 E040445 X
015 A000446 BANCO BILBAO VIZCAYA
015 B000446 S
015 C010446 MADRID/BILBAO
015 D010446 SPAIN
015 E040446 X
<PAGE> PAGE 36
015 A000447 STANDARD CHARTERED BANK
015 B000447 S
015 C010447 COLOMBO
015 D010447 SRI LANKA
015 E040447 X
015 A000448 SKANDINAVISKA ENSKILDA BANKEN
015 B000448 S
015 C010448 STOCKHOLM
015 D010448 SWEDEN
015 E040448 X
015 A000449 UNION BANK OF SWITZERLAND
015 B000449 S
015 C010449 ZURICH
015 D010449 SWITZERLAND
015 E040449 X
015 A000450 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000450 S
015 C010450 TAIPEI
015 D010450 TAIWAN (R.O.C.)
015 E040450 X
015 A000451 THE SIAM COMMERCIAL BANK PUBLIC CO LTD
015 B000451 S
015 C010451 BANGKOK
015 D010451 THAILAND
015 E040451 X
015 A000452 CITIBANK, N.A.
015 B000452 S
015 C010452 ISTANBUL
015 D010452 TURKEY
015 E040452 X
015 A000453 THE BANK OF NEW YORK
015 B000453 S
015 C010453 LONDON
015 D010453 UNITED KINGDOM
015 E040453 X
015 A000454 THE BANK OF BOSTON
015 B000454 S
015 C010454 MONTEVIDEO
015 D010454 URUGUAY
015 E040454 X
015 A000455 CITIBANK, N.A.
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015 C010455 CARACAS
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<PAGE> PAGE 37
028 B020400 2011
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039 000400 N
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<PAGE> PAGE 38
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056 000400 N
057 000400 N
058 A000400 N
<PAGE> PAGE 39
059 000400 Y
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067 000400 N
068 A000400 N
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069 000400 N
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070 A020400 Y
070 B010400 Y
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<PAGE> PAGE 40
070 I010400 N
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070 J020400 Y
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070 Q010400 N
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070 R020400 N
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<PAGE> PAGE 41
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008 A000501 FRANKLIN ADVISERS, INC.
008 B000501 A
008 C000501 801-26292
008 D010501 SAN MATEO
008 D020501 CA
008 D030501 94403
008 D040501 7777
015 A000501 THE BANK OF NEW YORK
<PAGE> PAGE 42
015 B000501 C
015 C010501 NEW YORK
015 C020501 NY
015 C030501 10286
015 E010501 X
015 A000502 BANK OF AMERICA NT & SA
015 B000502 C
015 C010502 SAN FRANCISCO
015 C020502 CA
015 C030502 94104
015 C040502 1502
015 E010502 X
015 A000503 CITIBANK DELAWARE
015 B000503 C
015 C010503 NEW CASTLE
015 C020503 DE
015 C030503 19720
015 C040503 2409
015 E010503 X
015 A000504 THE BANK OF BOSTON
015 B000504 S
015 C010504 BUENOS AIRES
015 D010504 ARGENTINA
015 E040504 X
015 A000505 AUSTRALIA AND NEW ZEALAND BANKING GROUP
015 B000505 S
015 C010505 MELBOURNE
015 D010505 AUSTRALIA
015 E040505 X
015 A000506 GIROCREDIT BANK AG DER OSTERREICHISCHEN SPARK
015 B000506 S
015 C010506 VIENNA
015 D010506 AUSTRIA
015 E040506 X
015 A000507 STANDARD CHARTERED BANK PLC
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015 C010507 DHAKA
015 D010507 BANGLADESH
015 E040507 X
015 A000508 BANQUE BRUXELLESLAMBERT
015 B000508 S
015 C010508 BRUSSELS
015 D010508 BELGIUM
015 E040508 X
015 A000509 THE BANK OF BOSTON
015 B000509 S
015 C010509 SAO PAULO
015 D010509 BRAZIL
015 E040509 X
015 A000510 THE ROYAL TRUST CORPORATION OF CANADA
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<PAGE> PAGE 43
015 C010510 MONTREAL
015 D010510 CANADA
015 E040510 X
015 A000511 THE BANK OF BOSTON
015 B000511 S
015 C010511 SANTIAGO
015 D010511 CHILE
015 E040511 X
015 A000512 BANCO DE CHILE
015 B000512 S
015 C010512 SANTIAGO
015 D010512 CHILE
015 E040512 X
015 A000513 STANDARD CHARTERED BANK
015 B000513 S
015 C010513 SHANGHAI
015 D010513 CHINA
015 E040513 X
015 A000514 STANDARD CHARTERED BANK
015 B000514 S
015 C010514 SHENZHEN
015 D010514 CHINA
015 E040514 X
015 A000515 CITIBANK, N.A. VIA CITITRUST COLOMBIA S.A.
015 B000515 S
015 C010515 BOGOTA
015 D010515 COLOMBIA
015 E040515 X
015 A000516 CESKOSLOVENSKA OBCHODNI BANKA
015 B000516 S
015 C010516 PRAHA (PRAGUE)
015 D010516 CZECH REPUBLIC
015 E040516 X
015 A000517 DEN DANSKE BANK
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015 C010517 COPENHAGEN
015 D010517 DENMARK
015 E040517 X
015 A000518 MERITA BANK
015 B000518 S
015 C010518 HELSINKI
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015 E040518 X
015 A000519 BANQUE PARIBAS
015 B000519 S
015 C010519 PARIS
015 D010519 FRANCE
015 E040519 X
015 A000520 DRESDNER BANK AG
015 B000520 S
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<PAGE> PAGE 44
015 D010520 GERMANY
015 E040520 X
015 A000521 ALPHA CREDIT BANK A.E.
015 B000521 S
015 C010521 ATHENS
015 D010521 GREECE
015 E040521 X
015 A000522 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000522 S
015 C010522 HONG KONG
015 D010522 HONG KONG
015 E040522 X
015 A000523 CITIBANK, N.A.
015 B000523 S
015 C010523 BUDAPEST
015 D010523 HUNGARY
015 E040523 X
015 A000524 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000524 S
015 C010524 BOMBAY
015 D010524 INDIA
015 E040524 X
015 A000525 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000525 S
015 C010525 JAKARTA
015 D010525 INDONESIA
015 E040525 X
015 A000526 ALLIED IRISH BANK
015 B000526 S
015 C010526 DUBLIN
015 D010526 IRELAND
015 E040526 X
015 A000527 ISRAEL DISCOUNT BANK
015 B000527 S
015 C010527 TEL AVIV
015 D010527 ISRAEL
015 E040527 X
015 A000528 BANCA COMMERCIALE ITALIANA
015 B000528 S
015 C010528 MILAN
015 D010528 ITALY
015 E040528 X
015 A000529 YASUDA TRUST & BANKING COMPANY
015 B000529 S
015 C010529 TOKYO
015 D010529 JAPAN
015 E040529 X
015 A000530 CEDEL
015 B000530 S
015 C010530 LUXEMBOURG CITY
015 D010530 LUXEMBOURG
<PAGE> PAGE 45
015 E040530 X
015 A000531 FIRST CHICAGO CLEARING CENTRE
015 B000531 S
015 C010531 LONDON
015 D010531 LUXEMBOURG
015 E040531 X
015 A000532 THE HONGKONG BANK MALAYSIA BERHAD
015 B000532 S
015 C010532 KUALA LUMPUR
015 D010532 MALAYSIA
015 E040532 X
015 A000533 BANCO NACIONAL DE MEXICO
015 B000533 S
015 C010533 MEXICO CITY
015 D010533 MEXICO
015 E040533 X
015 A000534 BANQUE COMMERCIALE DU MAROC
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015 C010534 CASABLANCA
015 D010534 MOROCCO
015 E040534 X
015 A000535 MEESPIERSON
015 B000535 S
015 C010535 AMSTERDAM
015 D010535 NETHERLANDS
015 E040535 X
015 A000536 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD
015 B000536 S
015 C010536 WELLINGTON
015 D010536 NEW ZEALAND
015 E040536 X
015 A000537 DEN NORSKE BANK A.S.
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015 E040537 X
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015 D010538 PAKISTAN
015 E040538 X
015 A000539 CITIBANK, N.A.
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015 D010539 PERU
015 E040539 X
015 A000540 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000540 S
015 C010540 MANILA
015 D010540 PHILIPPINES
015 E040540 X
<PAGE> PAGE 46
015 A000541 BANK HANDLOWY W WARSZAWIE S.A.
015 B000541 S
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015 E040541 X
015 A000542 BANCO COMERCIAL PORTUGUES, S.A.
015 B000542 S
015 C010542 LISBON
015 D010542 PORTUGAL
015 E040542 X
015 A000543 UNITED OVERSEAS BANK
015 B000543 S
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015 E040543 X
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015 E040549 X
015 A000550 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000550 S
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015 D010550 TAIWAN (R.O.C.)
015 E040550 X
015 A000551 THE SIAM COMMERCIAL BANK PUBLIC CO LTD
<PAGE> PAGE 47
015 B000551 S
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015 E040551 X
015 A000552 CITIBANK, N.A.
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015 E040552 X
015 A000553 THE BANK OF NEW YORK
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015 C010553 LONDON
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015 E040553 X
015 A000554 THE BANK OF BOSTON
015 B000554 S
015 C010554 MONTEVIDEO
015 D010554 URUGUAY
015 E040554 X
015 A000555 CITIBANK, N.A.
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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068 A000500 N
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069 000500 N
070 A010500 Y
070 A020500 Y
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<PAGE> PAGE 51
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<PAGE> PAGE 52
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008 A000601 FRANKLIN ADVISERS, INC.
008 B000601 A
008 C000601 801-26292
008 D010601 SAN MATEO
008 D020601 CA
008 D030601 94403
008 D040601 7777
015 A000601 THE BANK OF NEW YORK
015 B000601 C
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015 C020601 NY
015 C030601 10286
015 E010601 X
015 A000602 BANK OF AMERICA NT & SA
015 B000602 C
015 C010602 SAN FRANCISCO
015 C020602 CA
015 C030602 94104
015 C040602 1502
015 E010602 X
015 A000603 CITIBANK DELAWARE
015 B000603 C
015 C010603 NEW CASTLE
015 C020603 DE
015 C030603 19720
015 C040603 2409
015 E010603 X
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<PAGE> PAGE 53
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<PAGE> PAGE 54
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<PAGE> PAGE 55
055 B000600 N
056 000600 N
057 000600 N
058 A000600 N
059 000600 Y
060 A000600 Y
060 B000600 Y
061 000600 100
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
063 A000600 0
063 B000600 0.0
066 A000600 Y
066 B000600 N
066 C000600 Y
066 D000600 N
066 E000600 N
066 F000600 N
066 G000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
<PAGE> PAGE 56
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 N
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600 0
071 B000600 0
071 C000600 60
071 D000600 0
072 A000600 6
072 B000600 0
072 C000600 0
072 D000600 0
072 E000600 0
072 F000600 0
072 G000600 0
072 H000600 0
072 I000600 0
072 J000600 0
072 K000600 0
072 L000600 0
072 M000600 0
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 0
072 S000600 0
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 0
<PAGE> PAGE 57
072 X000600 0
072 Y000600 0
072 Z000600 0
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072EE000600 0
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074 C000600 0
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074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 0
074 M000600 0
074 N000600 60
074 O000600 0
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 0
074 S000600 0
074 T000600 60
074 U010600 6
074 U020600 0
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076 000600 0.00
008 A000701 FRANKLIN ADVISERS, INC.
008 B000701 A
008 C000701 801-26292
008 D010701 SAN MATEO
<PAGE> PAGE 58
008 D020701 CA
008 D030701 94403
008 D040701 7777
008 A000702 TEMPLETON INVESTMENT COUNSEL, INC.
008 B000702 S
008 C000702 801-15125
008 D010702 FT. LAUDERDALE
008 D020702 FL
008 D030702 33394
008 D040702 3091
015 A000701 THE BANK OF NEW YORK
015 B000701 C
015 C010701 NEW YORK
015 C020701 NY
015 C030701 10286
015 E010701 X
015 A000702 BANK OF AMERICA NT & SA
015 B000702 C
015 C010702 SAN FRANCISCO
015 C020702 CA
015 C030702 94104
015 C040702 1502
015 E010702 X
015 A000703 CITIBANK DELAWARE
015 B000703 C
015 C010703 NEW CASTLES
015 C020703 DE
015 C030703 19720
015 C040703 2409
015 E010703 X
015 A000704 THE BANK OF BOSTON
015 B000704 S
015 C010704 BUENOS AIRES
015 D010704 ARGENTINA
015 E040704 X
015 A000705 AUSTRALIA AND NEW ZEALAND BANKING GROUP
015 B000705 S
015 C010705 MELBOURNE
015 D010705 AUSTRALIA
015 E040705 X
015 A000706 GIROCREDIT BANK AG DER OSTERREICHISCHEN SPARK
015 B000706 S
015 C010706 VIENNA
015 D010706 AUSTRIA
015 E040706 X
015 A000707 STANDARD CHARTERED BANK PLC
015 B000707 S
015 C010707 DHAKA
015 D010707 BANGLADESH
015 E040707 X
015 A000708 BANQUE BRUXELLESLAMBERT
<PAGE> PAGE 59
015 B000708 S
015 C010708 BRUSSELS
015 D010708 BELGIUM
015 E040708 X
015 A000709 THE BANK OF BOSTON
015 B000709 S
015 C010709 SAO PAULO
015 D010709 BRAZIL
015 E040709 X
015 A000710 THE ROYAL TRUST CORPORATION OF CANADA
015 B000710 S
015 C010710 MONTREAL
015 D010710 CANADA
015 E040710 X
015 A000711 THE BANK OF BOSTON
015 B000711 S
015 C010711 SANTIAGO
015 D010711 CHILE
015 E040711 X
015 A000712 BANCO DE CHILE
015 B000712 S
015 C010712 SANTIAGO
015 D010712 CHILE
015 E040712 X
015 A000713 STANDARD CHARTERED BANK
015 B000713 S
015 C010713 SHANGHAI
015 D010713 CHINA
015 E040713 X
015 A000714 STANDARD CHARTERED BANK
015 B000714 S
015 C010714 SHENZHEN
015 D010714 CHINA
015 E040714 X
015 A000715 CITIBANK, N.A. VIA CITITRUST COLOMBIA S.A.
015 B000715 S
015 C010715 BOGOTA
015 D010715 COLOMBIA
015 E040715 X
015 A000716 CESKOSLOVENSKA OBCHODNI BANKA
015 B000716 S
015 C010716 PRAHA (PRAGUE)
015 D010716 CZECH REPUBLIC
015 E040716 X
015 A000717 DEN DANSKE BANK
015 B000717 S
015 C010717 COPENHAGEN
015 D010717 DENMARK
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015 A000718 MERITA BANK
015 B000718 S
<PAGE> PAGE 60
015 C010718 HELSINKI
015 D010718 FINLAND
015 E040718 X
015 A000719 BANQUE PARIBAS
015 B000719 S
015 C010719 PARIS
015 D010719 FRANCE
015 E040719 X
015 A000720 DRESDNER BANK AG
015 B000720 S
015 C010720 FRANKFURT
015 D010720 GERMANY
015 E040720 X
015 A000721 ALPHA CREDIT BANK A.E.
015 B000721 S
015 C010721 ATHENS
015 D010721 GREECE
015 E040721 X
015 A000722 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000722 S
015 C010722 HONG KONG
015 D010722 HONG KONG
015 E040722 X
015 A000723 CITIBANK, N.A.
015 B000723 S
015 C010723 BUDAPEST
015 D010723 HUNGARY
015 E040723 X
015 A000724 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000724 S
015 C010724 BOMBAY
015 D010724 INDIA
015 E040724 X
015 A000725 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000725 S
015 C010725 JAKARTA
015 D010725 INDONESIA
015 E040725 X
015 A000726 ALLIED IRISH BANK
015 B000726 S
015 C010726 DUBLIN
015 D010726 IRELAND
015 E040726 X
015 A000727 ISRAEL DISCOUNT BANK
015 B000727 S
015 C010727 TEL AVIV
015 D010727 ISRAEL
015 E040727 X
015 A000728 BANCA COMMERCIALE ITALIANA
015 B000728 S
015 C010728 MILAN
<PAGE> PAGE 61
015 D010728 ITALY
015 E040728 X
015 A000729 YASUDA TRUST & BANKING COMPANY
015 B000729 S
015 C010729 TOKYO
015 D010729 JAPAN
015 E040729 X
015 A000730 CEDEL
015 B000730 S
015 C010730 LUXEMBOURG CITY
015 D010730 LUXEMBOURG
015 E040730 X
015 A000731 FIRST CHICAGO CLEARING CENTRE
015 B000731 S
015 C010731 LONDON
015 D010731 LUXEMBOURG
015 E040731 X
015 A000732 THE HONGKONG BANK MALAYSIA BERHAD
015 B000732 S
015 C010732 KUALA LUMPUR
015 D010732 MALAYSIA
015 E040732 X
015 A000733 BANCO NACIONAL DE MEXICO
015 B000733 S
015 C010733 MEXICO CITY
015 D010733 MEXICO
015 E040733 X
015 A000734 BANQUE COMMERCIALE DU MAROC
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015 C010734 CASABLANCA
015 D010734 MOROCCO
015 E040734 X
015 A000735 MEESPIERSON
015 B000735 S
015 C010735 AMSTERDAM
015 D010735 NETHERLANDS
015 E040735 X
015 A000736 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD
015 B000736 S
015 C010736 WELLINGTON
015 D010736 NEW ZEALAND
015 E040736 X
015 A000737 DEN NORSKE BANK A.S.
015 B000737 S
015 C010737 BERGEN/OSLO
015 D010737 NORWAY
015 E040737 X
015 A000738 STANDARD CHARTERED BANK
015 B000738 S
015 C010738 KARACHI
015 D010738 PAKISTAN
<PAGE> PAGE 62
015 E040738 X
015 A000739 CITIBANK, N.A.
015 B000739 S
015 C010739 LIMA
015 D010739 PERU
015 E040739 X
015 A000740 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000740 S
015 C010740 MANILA
015 D010740 PHILIPPINES
015 E040740 X
015 A000741 BANK HANDLOWY W WARSZAWIE S.A.
015 B000741 S
015 C010741 WARSAW
015 D010741 POLAND
015 E040741 X
015 A000742 BANCO COMERCIAL PORTUGUES, S.A.
015 B000742 S
015 C010742 LISBON
015 D010742 PORTUGAL
015 E040742 X
015 A000743 UNITED OVERSEAS BANK
015 B000743 S
015 C010743 SINGAPORE
015 D010743 SINGAPORE
015 E040743 X
015 A000744 STANDARD BANK OF SOUTH AFRICA LTD
015 B000744 S
015 C010744 JOHANNESBURG
015 D010744 SOUTH AFRICA
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015 A000745 SEOULBANK
015 B000745 S
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015 E040745 X
015 A000746 BANCO BILBAO VIZCAYA
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015 C010746 MADRID/BILBAO
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015 A000747 STANDARD CHARTERED BANK
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015 D010747 SRI LANKA
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015 A000748 SKANDINAVISKA ENSKILDA BANKEN
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<PAGE> PAGE 63
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015 D010749 SWITZERLAND
015 E040749 X
015 A000750 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000750 S
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015 A000752 CITIBANK, N.A.
015 B000752 S
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015 A000754 THE BANK OF BOSTON
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015 C010754 MONTEVIDEO
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015 E040754 X
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015 B000755 C
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015 D010755 VENEZUELA
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024 000700 N
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<PAGE> PAGE 64
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028 G010700 7459
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028 G040700 2296
028 H000700 7459
029 000700 Y
030 A000700 81
030 B000700 4.25
030 C000700 0.00
031 A000700 6
031 B000700 0
032 000700 75
033 000700 0
034 000700 N
035 000700 0
036 B000700 0
037 000700 N
038 000700 0
039 000700 Y
040 000700 Y
041 000700 Y
042 A000700 0
042 B000700 0
042 C000700 100
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 11
044 000700 8
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.000
048 A010700 100000
048 A020700 0.625
048 B010700 150000
048 B020700 0.500
048 C010700 0
048 C020700 0.000
048 D010700 0
<PAGE> PAGE 65
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048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 250000
048 K020700 0.450
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 Y
053 B000700 Y
053 C000700 N
054 A000700 Y
054 B000700 Y
054 C000700 Y
054 D000700 Y
054 E000700 Y
054 F000700 Y
054 G000700 Y
054 H000700 Y
054 I000700 N
054 J000700 Y
054 K000700 Y
054 L000700 Y
054 M000700 Y
054 N000700 Y
054 O000700 Y
055 A000700 N
055 B000700 N
056 000700 N
057 000700 N
058 A000700 N
059 000700 Y
060 A000700 N
060 B000700 N
061 000700 100
062 A000700 Y
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<PAGE> PAGE 66
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062 G000700 0.0
062 H000700 0.0
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062 J000700 0.0
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062 N000700 7.7
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062 Q000700 33.9
062 R000700 5.9
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063 B000700 7.8
064 A000700 N
064 B000700 N
066 A000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 Y
070 B010700 Y
070 B020700 N
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070 C020700 N
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070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 Y
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 Y
070 N010700 Y
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070 O010700 N
<PAGE> PAGE 67
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070 P010700 Y
070 P020700 N
070 Q010700 Y
070 Q020700 N
070 R010700 Y
070 R020700 N
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071 B000700 6790
071 C000700 14591
071 D000700 47
072 A000700 6
072 B000700 654
072 C000700 49
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072 Z000700 684
072AA000700 573
072BB000700 138
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073 C000700 0.0000
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<PAGE> PAGE 68
074 D000700 16581
074 E000700 1132
074 F000700 17
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074 M000700 18
074 N000700 19717
074 O000700 358
074 P000700 7
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074 S000700 0
074 T000700 19335
074 U010700 1720
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008 A000801 FRANKLIN ADVISERS, INC.
008 B000801 A
008 C000801 801-26292
008 D010801 SAN MATEO
008 D020801 CA
008 D030801 94403
008 D040801 7777
015 A000801 THE BANK OF NEW YORK
015 B000801 C
015 C010801 NEW YORK
015 C020801 NY
015 C030801 10286
015 E010801 X
015 A000802 BANK OF AMERICA NT & SA
015 B000802 C
015 C010802 SAN FRANCISCO
015 C020802 CA
015 C030802 94104
015 C040802 1502
015 E010802 X
015 A000803 CITIBANK DELAWARE
<PAGE> PAGE 69
015 B000803 C
015 C010803 NEW CASTLE
015 C020803 DE
015 C030803 19720
015 C040803 2409
015 E010803 X
015 A000804 THE BANK OF BOSTON
015 B000804 S
015 C010804 BUENOS AIRES
015 D010804 ARGENTINA
015 E040804 X
015 A000805 AUSTRALIA AND NEW ZEALAND BANKING GROUP
015 B000805 S
015 C010805 MELBOURNE
015 D010805 AUSTRALIA
015 E040805 X
015 A000806 GIROCREDIT BANK AG DER OSTERREICHISCHEN SPARK
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015 C010806 VIENNA
015 D010806 AUSTRIA
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015 A000807 STANDARD CHARTERED BANK PLC
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015 C010807 DHAKA
015 D010807 BANGLADESH
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015 A000808 BANQUE BRUXELLESLAMBERT
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015 C010808 BRUSSELS
015 D010808 BELGIUM
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015 A000809 THE BANK OF BOSTON
015 B000809 S
015 C010809 SAO PAULO
015 D010809 BRAZIL
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015 A000810 THE ROYAL TRUST CORPORATION OF CANADA
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015 C010810 MONTREAL
015 D010810 CANADA
015 E040810 X
015 A000811 THE BANK OF BOSTON
015 B000811 S
015 C010811 SANTIAGO
015 D010811 CHILE
015 E040811 X
015 A000812 BANCO DE CHILE
015 B000812 S
015 C010812 SANTIAGO
015 D010812 CHILE
015 E040812 X
<PAGE> PAGE 70
015 A000813 STANDARD CHARTERED BANK
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015 D010813 CHINA
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015 A000814 STANDARD CHARTERED BANK
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015 C010814 SHENZHEN
015 D010814 CHINA
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015 A000815 CITIBANK, N.A. VIA CITITRUST COLOMBIA S.A.
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015 B000822 S
015 C010822 HONG KONG
015 D010822 HONG KONG
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015 A000823 CITIBANK, N.A.
<PAGE> PAGE 71
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015 E040823 X
015 A000824 THE HONGKONG AND SHANGHAI BANKING CORP LTD
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015 A000825 THE HONGKONG AND SHANGHAI BANKING CORP LTD
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015 C010825 JAKARTA
015 D010825 INDONESIA
015 E040825 X
015 A000826 ALLIED IRISH BANK
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015 C010826 DUBLIN
015 D010826 IRELAND
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015 A000827 ISRAEL DISCOUNT BANK
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015 C010827 TEL AVIV
015 D010827 ISRAEL
015 E040827 X
015 A000828 BANCA COMMERCIALE ITALIANA
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015 C010828 MILAN
015 D010828 ITALY
015 E040828 X
015 A000829 YASUDA TRUST & BANKING COMPANY
015 B000829 S
015 C010829 TOKYO
015 D010829 JAPAN
015 E040829 X
015 A000830 CEDEL
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015 C010830 LUXEMBOURG CITY
015 D010830 LUXEMBOURG
015 E040830 X
015 A000831 FIRST CHICAGO CLEARING CENTRE
015 B000831 S
015 C010831 LONDON
015 D010831 LUXEMBOURG
015 E040831 X
015 A000832 THE HONGKONG BANK MALAYSIA BERHAD
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015 C010832 KUALA LUMPUR
015 D010832 MALAYSIA
015 E040832 X
015 A000833 BANCO NACIONAL DE MEXICO
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<PAGE> PAGE 72
015 C010833 MEXICO CITY
015 D010833 MEXICO
015 E040833 X
015 A000834 BANQUE COMMERCIALE DU MAROC
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015 C010834 CASABLANCA
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015 A000835 MEESPIERSON
015 B000835 S
015 C010835 AMSTERDAM
015 D010835 NETHERLANDS
015 E040835 X
015 A000836 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD
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015 C010836 WELLINGTON
015 D010836 NEW ZEALAND
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015 A000837 DEN NORSKE BANK A.S.
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015 C010837 BERGEN/OSLO
015 D010837 NORWAY
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015 A000838 STANDARD CHARTERED BANK
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015 D010838 PAKISTAN
015 E040838 X
015 A000839 CITIBANK, N.A.
015 B000839 S
015 C010839 LIMA
015 D010839 PERU
015 E040839 X
015 A000840 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000840 S
015 C010840 MANILA
015 D010840 PHILIPPINES
015 E040840 X
015 A000841 BANK HANDLOWY W WARSZAWIE S.A.
015 B000841 S
015 C010841 WARSAW
015 D010841 POLAND
015 E040841 X
015 A000842 BANCO COMERCIAL PORTUGUES, S.A.
015 B000842 S
015 C010842 LISBON
015 D010842 PORTUGAL
015 E040842 X
015 A000843 UNITED OVERSEAS BANK
015 B000843 S
015 C010843 SINGAPORE
<PAGE> PAGE 73
015 D010843 SINGAPORE
015 E040843 X
015 A000844 STANDARD CHARTERED BANK OF SOUTH AFRICA LTD
015 B000844 S
015 C010844 JOHANNESBURG
015 D010844 SOUTH AFRICA
015 E040844 X
015 A000845 SEOULBANK
015 B000845 S
015 C010845 SEOUL
015 D010845 SOUTH KOREA
015 E040845 X
015 A000846 BANCO BILBOA VIZCAYA
015 B000846 S
015 C010846 MADRID/BILBOA
015 D010846 SPAIN
015 E040846 X
015 A000847 STANDARD CHARTERED BANK
015 B000847 S
015 C010847 COLOMBO
015 D010847 SRI LANKA
015 E040847 X
015 A000848 SKANDINAVISKA ENSKILDA BANKEN
015 B000848 S
015 C010848 STOCKHOLM
015 D010848 SWEDEN
015 E040848 X
015 A000849 UNION BANK OF SWITZERLAND
015 B000849 S
015 C010849 ZURICH
015 D010849 SWITZERLAND
015 E040849 X
015 A000850 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000850 S
015 C010850 TAIPEI
015 D010850 TAIWAN (R.O.C.)
015 E040850 X
015 A000851 THE SIAM COMMERCIAL BANK PUBLIC CO LTD
015 B000851 S
015 C010851 BANGKOK
015 D010851 THAILAND
015 E040851 X
015 A000852 CITIBANK, N.A.
015 B000852 S
015 C010852 ISTANBUL
015 D010852 TURKEY
015 E040852 X
015 A000853 THE BANK OF NEW YORK
015 B000853 S
015 C010853 LONDON
015 D010853 UNITED KINGDOM
<PAGE> PAGE 74
015 E040853 X
015 A000854 THE BANK OF BOSTON
015 B000854 S
015 C010854 MONTEVIDEO
015 D010854 URUGUAY
015 E040854 X
015 A000855 CITIBANK, N.A.
015 B000855 S
015 C010855 CARACAS
015 D010855 VENEZUELA
015 E040855 X
024 000800 N
028 A010800 2465
028 A020800 0
028 A030800 0
028 A040800 484
028 B010800 1987
028 B020800 31
028 B030800 0
028 B040800 504
028 C010800 3197
028 C020800 0
028 C030800 0
028 C040800 992
028 D010800 2161
028 D020800 0
028 D030800 0
028 D040800 721
028 E010800 3552
028 E020800 0
028 E030800 0
028 E040800 910
028 F010800 5926
028 F020800 0
028 F030800 0
028 F040800 1154
028 G010800 19288
028 G020800 31
028 G030800 0
028 G040800 4765
028 H000800 19288
029 000800 Y
030 A000800 209
030 B000800 4.50
030 C000800 0.00
031 A000800 24
031 B000800 0
032 000800 185
033 000800 0
034 000800 N
035 000800 0
<PAGE> PAGE 75
036 B000800 0
037 000800 N
038 000800 0
039 000800 Y
040 000800 Y
041 000800 Y
042 A000800 0
042 B000800 0
042 C000800 100
042 D000800 0
042 E000800 0
042 F000800 0
042 G000800 0
042 H000800 0
043 000800 21
044 000800 30
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.000
048 A010800 100000
048 A020800 0.625
048 B010800 150000
048 B020800 0.500
048 C010800 9750000
048 C020800 0.450
048 D010800 2500000
048 D020800 0.440
048 E010800 2500000
048 E020800 0.420
048 F010800 0
048 F020800 0.000
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 15000000
048 K020800 0.400
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 Y
053 B000800 Y
053 C000800 N
054 A000800 Y
054 B000800 Y
<PAGE> PAGE 76
054 C000800 Y
054 D000800 Y
054 E000800 Y
054 F000800 Y
054 G000800 Y
054 H000800 Y
054 I000800 N
054 J000800 Y
054 K000800 Y
054 L000800 Y
054 M000800 Y
054 N000800 Y
054 O000800 Y
055 A000800 N
055 B000800 N
056 000800 N
057 000800 N
058 A000800 N
059 000800 Y
060 A000800 N
060 B000800 N
061 000800 100
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 0
063 B000800 0.0
066 A000800 Y
066 B000800 N
066 C000800 N
066 D000800 N
066 E000800 N
066 F000800 N
066 G000800 Y
067 000800 N
068 A000800 N
<PAGE> PAGE 77
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 Y
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 Y
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 Y
070 M020800 Y
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 Y
070 R020800 N
071 A000800 17271
071 B000800 5034
071 C000800 14514
071 D000800 35
072 A000800 6
072 B000800 46
072 C000800 93
072 D000800 0
072 E000800 0
072 F000800 50
072 G000800 0
072 H000800 0
072 I000800 6
<PAGE> PAGE 78
072 J000800 0
072 K000800 2
072 L000800 8
072 M000800 0
072 N000800 7
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 3
072 S000800 2
072 T000800 18
072 U000800 0
072 V000800 0
072 W000800 29
072 X000800 125
072 Y000800 50
072 Z000800 64
072AA000800 696
072BB000800 276
072CC010800 1154
072CC020800 0
072DD010800 34
072DD020800 0
072EE000800 0
073 A010800 0.0360
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 73
074 B000800 3340
074 C000800 0
074 D000800 0
074 E000800 0
074 F000800 22726
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 0
074 L000800 300
074 M000800 32
074 N000800 26471
074 O000800 366
074 P000800 15
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 24
074 S000800 0
074 T000800 26066
<PAGE> PAGE 79
074 U010800 1828
074 U020800 0
074 V010800 14.26
074 V020800 0.00
074 W000800 0.0000
074 X000800 2614
074 Y000800 1433
075 A000800 0
075 B000800 15977
076 000800 0.00
008 A000901 FRANKLIN ADVISERS, INC.
008 B000901 A
008 C000901 801-26292
008 D010901 SAN MATEO
008 D020901 CA
008 D030901 94403
008 D040901 7777
015 A000901 THE BANK OF NEW YORK
015 B000901 C
015 C010901 NEW YORK
015 C020901 NY
015 C030901 10286
015 E010901 X
015 A000902 BANK OF AMERICA NT & SA
015 B000902 C
015 C010902 SAN FRANCISCO
015 C020902 CA
015 C030902 94104
015 C040902 1502
015 E010902 X
015 A000903 CITIBANK DELAWARE
015 B000903 C
015 C010903 NEW CASTLE
015 C020903 DE
015 C030903 19720
015 C040903 2409
015 E010903 X
015 A000904 THE BANK OF BOSTON
015 B000904 S
015 C010904 BUENOS AIRES
015 D010904 ARGENTINA
015 E040904 X
015 A000905 AUSTRALIA AND NEW ZEALAND BANKING GROUP
015 B000905 S
015 C010905 MELBOURNE
015 D010905 AUSTRALIA
015 E040905 X
015 A000906 GIROCREDIT BANK AG DER OSTERREICHISCHEN SPARK
015 B000906 S
015 C010906 VIENNA
015 D010906 AUSTRIA
<PAGE> PAGE 80
015 E040906 X
015 A000907 STANDARD CHARTERED BANK PLC
015 B000907 S
015 C010907 DHAKA
015 D010907 BANGLADESH
015 E040907 X
015 A000908 BANQUE BRUXELLESLAMBERT
015 B000908 S
015 C010908 BRUSSELS
015 D010908 BELGIUM
015 E040908 X
015 A000909 THE BANK OF BOSTON
015 B000909 S
015 C010909 SAO PAULO
015 D010909 BRAZIL
015 E040909 X
015 A000910 THE ROYAL TRUST CORPORATION OF CANADA
015 B000910 S
015 C010910 MONTREAL
015 D010910 CANADA
015 E040910 X
015 A000911 THE BANK OF BOSTON
015 B000911 S
015 C010911 SANTIAGO
015 D010911 CHILE
015 E040911 X
015 A000912 BANCO DE CHILE
015 B000912 S
015 C010912 SANTIAGO
015 D010912 CHILE
015 E040912 X
015 A000913 STANDARD CHARTERED BANK
015 B000913 S
015 C010913 SHANGHAI
015 D010913 CHINA
015 E040913 X
015 A000914 STANDARD CHARTERED BANK
015 B000914 S
015 C010914 SHENZHEN
015 D010914 CHINA
015 E040914 X
015 A000915 CITIBANK, N.A. VIA CITITRUST COLOMBIA S.A.
015 B000915 S
015 C010915 BOGOTA
015 D010915 COLOMBIA
015 E040915 X
015 A000916 CESKOSLOVENSKA OBCHODNI BANKA
015 B000916 S
015 C010916 PRAHA (PRAGUE)
015 D010916 CZECH REPUBLIC
015 E040916 X
<PAGE> PAGE 81
015 A000917 DEN DANSKE BANK
015 B000917 S
015 C010917 COPENHAGEN
015 D010917 DENMARK
015 E040917 X
015 A000918 MERITA BANK
015 B000918 S
015 C010918 HELSINKI
015 D010918 FINLAND
015 E040918 X
015 A000919 BANQUE PARIBAS
015 B000919 S
015 C010919 PARIS
015 D010919 FRANCE
015 E040919 X
015 A000920 DRESDNER BANK AG
015 B000920 S
015 C010920 FRANKFURT
015 D010920 GERMANY
015 E040920 X
015 A000921 ALPHA CREDIT BANK A.E.
015 B000921 S
015 C010921 ATHENS
015 D010921 GREECE
015 E040921 X
015 A000922 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000922 S
015 C010922 HONG KONG
015 D010922 HONG KONG
015 E040922 X
015 A000923 CITIBANK, N.A.
015 B000923 S
015 C010923 BUDAPEST
015 D010923 HUNGARY
015 E040923 X
015 A000924 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000924 S
015 C010924 BOMBAY
015 D010924 INDIA
015 E040924 X
015 A000925 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000925 S
015 C010925 JAKARTA
015 D010925 INDONESIA
015 E040925 X
015 A000926 ALLIED IRISH BANK
015 B000926 S
015 C010926 DUBLIN
015 D010926 IRELAND
015 E040926 X
015 A000927 ISRAEL DISCOUNT BANK
<PAGE> PAGE 82
015 B000927 S
015 C010927 TEL AVIV
015 D010927 ISRAEL
015 E040927 X
015 A000928 BANCA COMMERCIALE ITALIANA
015 B000928 S
015 C010928 MILAN
015 D010928 ITALY
015 E040928 X
015 A000929 YASUDA TRUST & BANKING COMPANY
015 B000929 S
015 C010929 TOKYO
015 D010929 JAPAN
015 E040929 X
015 A000930 CEDEL
015 B000930 S
015 C010930 LUXEMBOURG CITY
015 D010930 LUXEMBOURG
015 E040930 X
015 A000931 FIRST CHICAGO CLEARING CENTRE
015 B000931 S
015 C010931 LONDON
015 D010931 LUXEMBOURG
015 E040931 X
015 A000932 THE HONGKONG BANK MALAYSIA BERHAD
015 B000932 S
015 C010932 KUALA LUMPUR
015 D010932 MALAYSIA
015 E040932 X
015 A000933 BANCO NACIONAL DE MEXICO
015 B000933 S
015 C010933 MEXICO CITY
015 D010933 MEXICO
015 E040933 X
015 A000934 BANQUE COMMERCIALE DU MAROC
015 B000934 S
015 C010934 CASABLANCA
015 D010934 MOROCCO
015 E040934 X
015 A000935 MEESPIERSON
015 B000935 S
015 C010935 AMSTERDAM
015 D010935 NETHERLANDS
015 E040935 X
015 A000936 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD
015 B000936 S
015 C010936 WELLINGTON
015 D010936 NEW ZEALAND
015 E040936 X
015 A000937 DEN NORSKE BANK A.S.
015 B000937 S
<PAGE> PAGE 83
015 C010937 BERGEN/OSLO
015 D010937 NORWAY
015 E040937 X
015 A000938 STANDARD CHARTERED BANK
015 B000938 S
015 C010938 KARACHI
015 D010938 PAKISTAN
015 E040938 X
015 A000939 CITIBANK, N.A.
015 B000939 S
015 C010939 LIMA
015 D010939 PERU
015 E040939 X
015 A000940 THE HONGKONG & SHANGHAI BANKING CORP LTD
015 B000940 S
015 C010940 MANILA
015 D010940 PHILIPPINES
015 E040940 X
015 A000941 BANK HANDLOWY W WARSZAWIE S.A.
015 B000941 S
015 C010941 WARSAW
015 D010941 POLAND
015 E040941 X
015 A000942 BANCO COMERCIAL PORTUGUES, S.A.
015 B000942 S
015 C010942 LISBON
015 D010942 PORTUGAL
015 E040942 X
015 A000943 UNITED OVERSEAS BANK
015 B000943 S
015 C010943 SINGAPORE
015 D010943 SINGAPORE
015 E040943 X
015 A000944 STANDARD BANK OF SOUTH AFRICA LTD
015 B000944 S
015 C010944 JOHANNESBURG
015 D010944 SOUTH AFRICA
015 E040944 X
015 A000945 SEOULBANK
015 B000945 S
015 C010945 SEOUL
015 D010945 SOUTH KOREA
015 E040945 X
015 A000946 BANCO BILBAO VIZCAYA
015 B000946 S
015 C010946 MADRID/BILBAO
015 D010946 SPAIN
015 E040946 X
015 A000947 STANDARD CHARTERED BANK
015 B000947 S
015 C010947 COLOMBO
<PAGE> PAGE 84
015 D010947 SRI LANKA
015 E040947 X
015 A000948 SKANDINAVISKA ENSKILDA BANKEN
015 B000948 S
015 C010948 STOCKHOLM
015 D010948 SWEDEN
015 E040948 X
015 A000949 UNION BANK OF SWITZERLAND
015 B000949 S
015 C010949 ZURICH
015 D010949 SWITZERLAND
015 E040949 X
015 A000950 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000950 S
015 C010950 TAIPEI
015 D010950 TAIWAN (R.O.C.)
015 E040950 X
015 A000951 THE SIAM COMMERCIAL BANK PUBLIC CO LTD
015 B000951 S
015 C010951 BANGKOK
015 D010951 THAILAND
015 E040951 X
015 A000952 CITIBANK, N.A.
015 B000952 S
015 C010952 ISTANBUL
015 D010952 TURKEY
015 E040952 X
015 A000953 THE BANK OF NEW YORK
015 B000953 S
015 C010953 LONDON
015 D010953 UNITED KINGDOM
015 E040953 X
015 A000954 THE BANK OF BOSTON
015 B000954 S
015 C010954 MONTEVIDEO
015 D010954 URUGUAY
015 E040954 X
015 A000955 CITIBANK, N.A.
015 B000955 S
015 C010955 CARACAS
015 D010955 VENEZUELA
015 E040955 X
024 000900 N
028 A010900 2000
028 A020900 0
028 A030900 0
028 A040900 0
028 B010900 39
028 B020900 0
028 B030900 0
028 B040900 0
<PAGE> PAGE 85
028 C010900 620
028 C020900 0
028 C030900 0
028 C040900 1
028 D010900 315
028 D020900 0
028 D030900 0
028 D040900 165
028 E010900 253
028 E020900 0
028 E030900 0
028 E040900 31
028 F010900 244
028 F020900 0
028 F030900 0
028 F040900 17
028 G010900 3471
028 G020900 0
028 G030900 0
028 G040900 214
028 H000900 3471
029 000900 Y
030 A000900 28
030 B000900 4.50
030 C000900 0.00
031 A000900 3
031 B000900 0
032 000900 25
033 000900 0
034 000900 N
035 000900 0
036 B000900 0
037 000900 N
038 000900 0
039 000900 Y
040 000900 Y
041 000900 Y
042 A000900 0
042 B000900 0
042 C000900 100
042 D000900 0
042 E000900 0
042 F000900 0
042 G000900 0
042 H000900 0
043 000900 2
044 000900 8
045 000900 Y
046 000900 N
047 000900 Y
048 000900 0.000
<PAGE> PAGE 86
048 A010900 500000
048 A020900 0.750
048 B010900 500000
048 B020900 0.625
048 C010900 0
048 C020900 0.000
048 D010900 0
048 D020900 0.000
048 E010900 0
048 E020900 0.000
048 F010900 0
048 F020900 0.000
048 G010900 0
048 G020900 0.000
048 H010900 0
048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 1000000
048 K020900 0.500
049 000900 N
050 000900 N
051 000900 N
052 000900 N
053 A000900 Y
053 B000900 Y
053 C000900 N
054 A000900 Y
054 B000900 Y
054 C000900 Y
054 D000900 Y
054 E000900 Y
054 F000900 Y
054 G000900 Y
054 H000900 Y
054 I000900 N
054 J000900 Y
054 K000900 Y
054 L000900 Y
054 M000900 Y
054 N000900 Y
054 O000900 Y
055 A000900 N
055 B000900 N
056 000900 N
057 000900 N
058 A000900 N
059 000900 Y
060 A000900 Y
<PAGE> PAGE 87
060 B000900 Y
061 000900 100
062 A000900 N
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
063 A000900 0
063 B000900 0.0
066 A000900 Y
066 B000900 N
066 C000900 Y
066 D000900 N
066 E000900 N
066 F000900 N
066 G000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 Y
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
<PAGE> PAGE 88
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 Y
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 Y
070 P020900 N
070 Q010900 Y
070 Q020900 N
070 R010900 Y
070 R020900 N
071 A000900 2531
071 B000900 15
071 C000900 2064
071 D000900 1
072 A000900 6
072 B000900 18
072 C000900 9
072 D000900 0
072 E000900 0
072 F000900 8
072 G000900 0
072 H000900 0
072 I000900 1
072 J000900 3
072 K000900 2
072 L000900 1
072 M000900 0
072 N000900 3
072 O000900 0
072 P000900 0
072 Q000900 0
072 R000900 0
072 S000900 0
072 T000900 2
072 U000900 0
072 V000900 0
072 W000900 0
072 X000900 20
072 Y000900 6
072 Z000900 13
072AA000900 3
072BB000900 2
072CC010900 61
<PAGE> PAGE 89
072CC020900 0
072DD010900 0
072DD020900 0
072EE000900 0
073 A010900 0.0000
073 A020900 0.0000
073 B000900 0.0000
073 C000900 0.0000
074 A000900 0
074 B000900 764
074 C000900 0
074 D000900 0
074 E000900 0
074 F000900 2576
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 0
074 K000900 0
074 L000900 11
074 M000900 17
074 N000900 3368
074 O000900 34
074 P000900 2
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 0
074 S000900 0
074 T000900 3332
074 U010900 325
074 U020900 0
074 V010900 10.24
074 V020900 0.00
074 W000900 0.0000
074 X000900 263
074 Y000900 139
075 A000900 0
075 B000900 2650
076 000900 0.00
SIGNATURE KIMBERLEY MONASTERIO
TITLE ASST TREASURER
December 12, 1996
Securities & Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
RE: Form N-SAR
Gentlemen:
Pursuant to Section 30(a) of the Investment
Company Act of 1940 and Rule 30a-1, please find
Franklin Strategic Series Form N-SAR as of
October 31, 1996.
Should you have any questions, please call me at
(916) 463-5030. Thank you.
Sincerely,
FRANKLIN STRATEGIC SERIES
S\Laura Fergerson
Fund Accounting Manager
NAME OF REGISTRANT:
Franklin Strategic Series
File No. 811-6243
EXHIBIT ITEM No. 77C:
Submission of matters to a vote of security holders.
FRANKLIN RESOURCES, INC.
777 Mariners Island Blvd.
P.O. Box 7777
San Mateo, CA 94403-7777
415/312-3000
ACTION OF SOLE SHAREHOLDER BY WRITTEN CONSENT
The undersigned, being the sole shareholder of the Class II shares of
FRANKLIN CALIFORNIA GROWTH FUND (the "Fund"), a series
of FRANKLIN STRATEGIC SERIES (the "Trust"), does hereby take
the following actions and does hereby consent to the following resolution:
RESOLVED: That the Class II Distribution Plan pursuant to Rule
12b-1 (under the Investment Company Act of 1940), as agreed to and
accepted by Franklin/Templeton Distributors, Inc. and the Trust prior
to the date below, be and it hereby is, approved for the Fund.
By execution hereof, the undersigned shareholder waives prior notice
of the foregoing action by written consent.
FRANKLIN RESOURCES, INC.
/s/H.E. Burns____________
Dated as of: August 30, 1996 By: Harmon E. Burns
Executive Vice President
NAME OF REGISTRANT:
Franklin Strategic Series
File No. 811-6243
EXHIBIT ITEM No. 77C:
Submission of matters to a vote of security holders.
FRANKLIN RESOURCES, INC.
777 Mariners Island Blvd.
P.O. Box 7777
San Mateo, CA 94403-7777
415/312-3000
ACTION OF SOLE SHAREHOLDER BY WRITTEN CONSENT
The undersigned, being the sole shareholder of the Class II shares of
FRANKLIN GLOBAL HEALTH CARE FUND (the "Fund"), a series
of FRANKLIN STRATEGIC SERIES (the "Trust"), does hereby take
the following actions and does hereby consent to the following resolution:
RESOLVED: That the Class II Distribution Plan pursuant to Rule
12b-1 (under the Investment Company Act of 1940), as agreed to and
accepted by Franklin/Templeton Distributors, Inc. and the Trust prior
to the date below, be and it hereby is, approved for the Fund.
By execution hereof, the undersigned shareholder waives prior notice
of the foregoing action by written consent.
FRANKLIN RESOURCES, INC.
/s/H.E. Burns____________
Dated as of: August 30, 1996 By: Harmon E. Burns
Executive Vice President
NAME OF REGISTRANT:
Franklin Strategic Series
File No. 811-6243
EXHIBIT ITEM No. 77C:
Submission of matters to a vote of security holders.
FRANKLIN RESOURCES, INC.
777 Mariners Island Blvd.
P.O. Box 7777
San Mateo, CA 94403-7777
415/312-3000
FRANKLIN STRATEGIC SERIES
ACTION OF SOLE SHAREHOLDER BY WRITTEN CONSENT
The undersigned, being the sole shareholder of the Franklin Blue Chip
Fund (the "Fund"), a series of Franklin Strategic Series (the "Trust"),
does hereby take the following actions and does hereby consent to the
following resolutions:
RESOLVED: That the terms and conditions of the Management
Agreement dated February 13, 1996, entered into between Franklin
Advisers, Inc. and the Trust, be, and it hereby is, approved for the
Fund.
RESOLVED: That the Distribution Plan pursuant to Rule 12b-1
(under the Investment Company Act of 1940), as agreed to and accepted
by Franklin/Templeton Distributors, Inc. and the Trust, to take effect
at the time the Fund's Registration Statement under the Securities Act
of 1933 is declared effective by the U.S. Securities and Exchange
Commission, be, and it hereby is, approved for the Fund.
By execution hereof, the undersigned shareholder waives prior notice
of the foregoing action by written consent.
FRANKLIN RESOURCES, INC.
Dated: May 24, 1996 By: /s/H.E. Burns__________
Harmon E. Burns
Executive Vice President
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
STRATEGIC SERIES OCTOBER 31, 1996 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 011
<NAME> FRANKLIN CALIFORNIA GROWTH FUND - CLASS I
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1997
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 110,781,928
<INVESTMENTS-AT-VALUE> 127,041,784
<RECEIVABLES> 16,785,893
<ASSETS-OTHER> 641,926
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 144,469,603
<PAYABLE-FOR-SECURITIES> 534,145
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 174,912
<TOTAL-LIABILITIES> 709,057
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 123,424,104
<SHARES-COMMON-STOCK> 7,260,372
<SHARES-COMMON-PRIOR> 4,445,434
<ACCUMULATED-NII-CURRENT> 345,332
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,731,254
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16,259,856
<NET-ASSETS> 143,760,546
<DIVIDEND-INCOME> 578,831
<INTEREST-INCOME> 517,482
<OTHER-INCOME> 0
<EXPENSES-NET> (626,123)
<NET-INVESTMENT-INCOME> 470,190
<REALIZED-GAINS-CURRENT> 2,845,664
<APPREC-INCREASE-CURRENT> 4,829,068
<NET-CHANGE-FROM-OPS> 8,144,922
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (317,296)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,037,806
<NUMBER-OF-SHARES-REDEEMED> (1,238,178)
<SHARES-REINVESTED> 15,310
<NET-CHANGE-IN-ASSETS> 62,585,780
<ACCUMULATED-NII-PRIOR> 192,438
<ACCUMULATED-GAINS-PRIOR> 885,590
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 327,896
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 626,123
<AVERAGE-NET-ASSETS> 107,733,760
<PER-SHARE-NAV-BEGIN> 18.260
<PER-SHARE-NII> .060
<PER-SHARE-GAIN-APPREC> 1.189
<PER-SHARE-DIVIDEND> (.059)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.450
<EXPENSE-RATIO> 1.170
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
STRATEGIC SERIES OCTOBER 31, 1996 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 012
<NAME> FRANKLIN CALIFORNIA GROWTH FUND - CLASS II
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1997
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 110,781,928
<INVESTMENTS-AT-VALUE> 127,041,784
<RECEIVABLES> 16,785,893
<ASSETS-OTHER> 641,926
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 144,469,603
<PAYABLE-FOR-SECURITIES> 534,145
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 174,912
<TOTAL-LIABILITIES> 709,057
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 123,424,104
<SHARES-COMMON-STOCK> 131,923
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 345,332
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,731,254
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16,259,856
<NET-ASSETS> 143,760,546
<DIVIDEND-INCOME> 578,831
<INTEREST-INCOME> 517,482
<OTHER-INCOME> 0
<EXPENSES-NET> (626,123)
<NET-INVESTMENT-INCOME> 470,190
<REALIZED-GAINS-CURRENT> 2,845,664
<APPREC-INCREASE-CURRENT> 4,829,068
<NET-CHANGE-FROM-OPS> 8,144,922
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 131,923
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 62,585,780
<ACCUMULATED-NII-PRIOR> 192,438
<ACCUMULATED-GAINS-PRIOR> 885,590
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 327,896
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 626,123
<AVERAGE-NET-ASSETS> 107,733,760
<PER-SHARE-NAV-BEGIN> 18.050
<PER-SHARE-NII> .000
<PER-SHARE-GAIN-APPREC> 1.380
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.430
<EXPENSE-RATIO> 1.850
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
STRATEGIC SERIES OCTOBER 31, 1996 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 021
<NAME> FRANKLIN SMALL CAP GROWTH FUND CLASS I
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1997
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 636,932,925
<INVESTMENTS-AT-VALUE> 696,869,549
<RECEIVABLES> 55,390,249
<ASSETS-OTHER> 5,216,843
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 757,476,641
<PAYABLE-FOR-SECURITIES> 8,891,913
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 890,077
<TOTAL-LIABILITIES> 9,781,990
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 654,223,010
<SHARES-COMMON-STOCK> 33,362,998
<SHARES-COMMON-PRIOR> 22,525,659
<ACCUMULATED-NII-CURRENT> 690,673
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 32,844,344
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 59,936,624
<NET-ASSETS> 747,694,651
<DIVIDEND-INCOME> 1,552,050
<INTEREST-INCOME> 1,939,630
<OTHER-INCOME> 0
<EXPENSES-NET> (2,929,761)
<NET-INVESTMENT-INCOME> 561,919
<REALIZED-GAINS-CURRENT> 16,748,963
<APPREC-INCREASE-CURRENT> 2,420,399
<NET-CHANGE-FROM-OPS> 19,731,281
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 20,299,762
<NUMBER-OF-SHARES-REDEEMED> (9,462,423)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 278,680,692
<ACCUMULATED-NII-PRIOR> 124,074
<ACCUMULATED-GAINS-PRIOR> 16,100,061
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,504,694
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,929,761
<AVERAGE-NET-ASSETS> 613,038,780
<PER-SHARE-NAV-BEGIN> 19.750
<PER-SHARE-NII> .020
<PER-SHARE-GAIN-APPREC> .560
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 20.330
<EXPENSE-RATIO> .900
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
STRATEGIC SERIES OCTOBER 31, 1996 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 022
<NAME> FRANKLIN SMALL CAP GROWTH FUND CLASS II
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1997
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 636,932,925
<INVESTMENTS-AT-VALUE> 696,869,549
<RECEIVABLES> 55,390,249
<ASSETS-OTHER> 5,216,843
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 757,476,641
<PAYABLE-FOR-SECURITIES> 8,891,913
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 890,077
<TOTAL-LIABILITIES> 9,781,990
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 654,223,010
<SHARES-COMMON-STOCK> 3,447,987
<SHARES-COMMON-PRIOR> 1,225,769
<ACCUMULATED-NII-CURRENT> 690,673
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 32,844,344
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 59,936,624
<NET-ASSETS> 747,694,651
<DIVIDEND-INCOME> 1,552,050
<INTEREST-INCOME> 1,939,630
<OTHER-INCOME> 0
<EXPENSES-NET> (2,929,761)
<NET-INVESTMENT-INCOME> 561,919
<REALIZED-GAINS-CURRENT> 16,748,963
<APPREC-INCREASE-CURRENT> 2,420,399
<NET-CHANGE-FROM-OPS> 19,731,281
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,730,643
<NUMBER-OF-SHARES-REDEEMED> (148,425)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 278,680,692
<ACCUMULATED-NII-PRIOR> 124,074
<ACCUMULATED-GAINS-PRIOR> 16,100,061
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,504,694
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,929,761
<AVERAGE-NET-ASSETS> 613,038,780
<PER-SHARE-NAV-BEGIN> 19.660
<PER-SHARE-NII> (.020)
<PER-SHARE-GAIN-APPREC> .520
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 20.160
<EXPENSE-RATIO> 1.650
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN STRATEGIC SERIES OCTOBER 31, 1996 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 031
<NAME> FRANKLIN GLOBAL HEALTH CARE FUND - CLASS I
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1997
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 137,906,470
<INVESTMENTS-AT-VALUE> 137,230,492
<RECEIVABLES> 8,395,634
<ASSETS-OTHER> 163,549
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 145,789,675
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 219,997
<TOTAL-LIABILITIES> 219,997
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 142,624,302
<SHARES-COMMON-STOCK> 8,341,470
<SHARES-COMMON-PRIOR> 5,630,910
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (51,139)
<ACCUMULATED-NET-GAINS> 3,672,499
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (675,984)
<NET-ASSETS> 145,569,678
<DIVIDEND-INCOME> 175,820
<INTEREST-INCOME> 465,879
<OTHER-INCOME> 0
<EXPENSES-NET> (763,103)
<NET-INVESTMENT-INCOME> (121,404)
<REALIZED-GAINS-CURRENT> 1,674,154
<APPREC-INCREASE-CURRENT> (18,323,206)
<NET-CHANGE-FROM-OPS> (16,770,456)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (153,228)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,541,536
<NUMBER-OF-SHARES-REDEEMED> (2,837,669)
<SHARES-REINVESTED> 6,693
<NET-CHANGE-IN-ASSETS> 36,655,288
<ACCUMULATED-NII-PRIOR> 67,625
<ACCUMULATED-GAINS-PRIOR> 2,154,213
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 403,536
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 763,103
<AVERAGE-NET-ASSETS> 136,355,354
<PER-SHARE-NAV-BEGIN> 19.340
<PER-SHARE-NII> (.020)
<PER-SHARE-GAIN-APPREC> (2.099)
<PER-SHARE-DIVIDEND> (.021)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.200
<EXPENSE-RATIO> 1.120
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN STRATEGIC SERIES OCTOBER 31, 1996 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 032
<NAME> FRANKLIN GLOBAL HEALTH CARE FUND - CLASS II
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1997
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 137,906,470
<INVESTMENTS-AT-VALUE> 137,230,492
<RECEIVABLES> 8,395,634
<ASSETS-OTHER> 163,549
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 145,789,675
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 219,997
<TOTAL-LIABILITIES> 219,997
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 142,624,302
<SHARES-COMMON-STOCK> 122,789
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (51,139)
<ACCUMULATED-NET-GAINS> 3,672,499
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (675,984)
<NET-ASSETS> 145,569,678
<DIVIDEND-INCOME> 175,820
<INTEREST-INCOME> 465,879
<OTHER-INCOME> 0
<EXPENSES-NET> (763,103)
<NET-INVESTMENT-INCOME> (121,404)
<REALIZED-GAINS-CURRENT> 1,674,154
<APPREC-INCREASE-CURRENT> (18,323,206)
<NET-CHANGE-FROM-OPS> (16,770,456)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 123,337
<NUMBER-OF-SHARES-REDEEMED> (548)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 36,655,288
<ACCUMULATED-NII-PRIOR> 67,625
<ACCUMULATED-GAINS-PRIOR> 2,154,213
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 403,536
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 763,103
<AVERAGE-NET-ASSETS> 136,355,354
<PER-SHARE-NAV-BEGIN> 17.370
<PER-SHARE-NII> (.010)
<PER-SHARE-GAIN-APPREC> (.160)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.200
<EXPENSE-RATIO> 1.740
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN STRATEGIC SERIES OCTOBER 31, 1996 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 041
<NAME> FRANKLIN GLOBAL UTILITIES FUND CLASS I
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1997
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 150,692,615
<INVESTMENTS-AT-VALUE> 168,473,697
<RECEIVABLES> 7,512,926
<ASSETS-OTHER> 2,219
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 175,988,842
<PAYABLE-FOR-SECURITIES> 1,043,089
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 711,016
<TOTAL-LIABILITIES> 1,754,105
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 140,750,503
<SHARES-COMMON-STOCK> 11,226,649
<SHARES-COMMON-PRIOR> 11,709,122
<ACCUMULATED-NII-CURRENT> 1,552,297
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 14,148,835
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17,783,102
<NET-ASSETS> 168,213,770
<DIVIDEND-INCOME> 3,289,159
<INTEREST-INCOME> 163,903
<OTHER-INCOME> 0
<EXPENSES-NET> (859,437)
<NET-INVESTMENT-INCOME> 2,593,625
<REALIZED-GAINS-CURRENT> 9,321,944
<APPREC-INCREASE-CURRENT> (1,103,707)
<NET-CHANGE-FROM-OPS> 10,811,862
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,485,700)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 732,285
<NUMBER-OF-SHARES-REDEEMED> (1,353,508)
<SHARES-REINVESTED> 138,750
<NET-CHANGE-IN-ASSETS> 4,283,230
<ACCUMULATED-NII-PRIOR> 1,473,140
<ACCUMULATED-GAINS-PRIOR> 4,840,336
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 490,430
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 859,437
<AVERAGE-NET-ASSETS> 171,164,814
<PER-SHARE-NAV-BEGIN> 14.280
<PER-SHARE-NII> .230
<PER-SHARE-GAIN-APPREC> .685
<PER-SHARE-DIVIDEND> (.215)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 14.980
<EXPENSE-RATIO> .990
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN STRATEGIC SERIES OCTOBER 31, 1996 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 042
<NAME> FRANKLIN GLOBAL UTILITIES FUND CLASS II
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1997
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 150,692,615
<INVESTMENTS-AT-VALUE> 168,473,697
<RECEIVABLES> 7,512,926
<ASSETS-OTHER> 2,219
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 175,988,842
<PAYABLE-FOR-SECURITIES> 1,043,089
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 711,016
<TOTAL-LIABILITIES> 1,754,105
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 140,750,503
<SHARES-COMMON-STOCK> 403,699
<SHARES-COMMON-PRIOR> 191,462
<ACCUMULATED-NII-CURRENT> 1,552,297
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 14,148,835
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17,783,102
<NET-ASSETS> 168,213,770
<DIVIDEND-INCOME> 3,289,159
<INTEREST-INCOME> 163,903
<OTHER-INCOME> 0
<EXPENSES-NET> (859,437)
<NET-INVESTMENT-INCOME> 2,593,625
<REALIZED-GAINS-CURRENT> 9,321,944
<APPREC-INCREASE-CURRENT> (1,103,707)
<NET-CHANGE-FROM-OPS> 10,811,862
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (44,785)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 251,766
<NUMBER-OF-SHARES-REDEEMED> (42,072)
<SHARES-REINVESTED> 2,543
<NET-CHANGE-IN-ASSETS> 4,283,230
<ACCUMULATED-NII-PRIOR> 1,473,140
<ACCUMULATED-GAINS-PRIOR> 4,840,336
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 490,430
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 859,437
<AVERAGE-NET-ASSETS> 171,164,814
<PER-SHARE-NAV-BEGIN> 14.240
<PER-SHARE-NII> .180
<PER-SHARE-GAIN-APPREC> .674
<PER-SHARE-DIVIDEND> (.184)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 14.910
<EXPENSE-RATIO> 1.760
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
STRATEGIC SERIES OCTOBER 31, 1996 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANICAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 051
<NAME> FSS FRANKLIN MIDCAP GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1997
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 8,271,493
<INVESTMENTS-AT-VALUE> 9,465,361
<RECEIVABLES> 1,304,558
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 10,769,919
<PAYABLE-FOR-SECURITIES> 150,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 14,527
<TOTAL-LIABILITIES> 164,527
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,023,465
<SHARES-COMMON-STOCK> 717,966
<SHARES-COMMON-PRIOR> 531,781
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (3,585)
<ACCUMULATED-NET-GAINS> 1,391,644
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,193,868
<NET-ASSETS> 10,605,392
<DIVIDEND-INCOME> 16,376
<INTEREST-INCOME> 24,808
<OTHER-INCOME> 0
<EXPENSES-NET> (45,060)
<NET-INVESTMENT-INCOME> (3,876)
<REALIZED-GAINS-CURRENT> 384,995
<APPREC-INCREASE-CURRENT> (4,283)
<NET-CHANGE-FROM-OPS> 376,836
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 26,686
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 195,292
<NUMBER-OF-SHARES-REDEEMED> (10,978)
<SHARES-REINVESTED> 1,871
<NET-CHANGE-IN-ASSETS> 3,030,781
<ACCUMULATED-NII-PRIOR> 26,979
<ACCUMULATED-GAINS-PRIOR> 1,006,649
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 28,139
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 45,060
<AVERAGE-NET-ASSETS> 8,587,451
<PER-SHARE-NAV-BEGIN> 14.240
<PER-SHARE-NII> (0.010)
<PER-SHARE-GAIN-APPREC> 0.590
<PER-SHARE-DIVIDEND> (0.050)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.770
<EXPENSE-RATIO> 1.050
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN STRATEGIC SERIES OCTOBER 31, 1996 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 061
<NAME> FRANKLIN MIDCAP SECURITIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1997
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 60,000
<INVESTMENTS-AT-VALUE> 60,000
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 60,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 60,000
<SHARES-COMMON-STOCK> 6,000
<SHARES-COMMON-PRIOR> 6,000
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 60,000
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 60,000
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.000
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.00
<EXPENSE-RATIO> 0.000
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN STRATEGIC SERIES OCTOBER 31, 1996 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 071
<NAME> FRANKLIN STRATEGIC INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1997
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 17,108,803
<INVESTMENTS-AT-VALUE> 17,729,515
<RECEIVABLES> 1,768,430
<ASSETS-OTHER> 218,957
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 19,716,902
<PAYABLE-FOR-SECURITIES> 358,016
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23,997
<TOTAL-LIABILITIES> 382,013
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17,990,900
<SHARES-COMMON-STOCK> 1,720,012
<SHARES-COMMON-PRIOR> 1,208,880
<ACCUMULATED-NII-CURRENT> 204,547
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 534,554
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 604,888
<NET-ASSETS> 19,334,889
<DIVIDEND-INCOME> 49,398
<INTEREST-INCOME> 653,569
<OTHER-INCOME> 0
<EXPENSES-NET> (19,367)
<NET-INVESTMENT-INCOME> 683,600
<REALIZED-GAINS-CURRENT> 434,656
<APPREC-INCREASE-CURRENT> 145,133
<NET-CHANGE-FROM-OPS> 1,263,389
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (558,982)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 679,837
<NUMBER-OF-SHARES-REDEEMED> (209,816)
<SHARES-REINVESTED> 41,111
<NET-CHANGE-IN-ASSETS> 6,313,353
<ACCUMULATED-NII-PRIOR> 59,325
<ACCUMULATED-GAINS-PRIOR> 119,947
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 48,413
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 91,952
<AVERAGE-NET-ASSETS> 15,493,393
<PER-SHARE-NAV-BEGIN> 10.770
<PER-SHARE-NII> .460
<PER-SHARE-GAIN-APPREC> .412
<PER-SHARE-DIVIDEND> (0.402)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.240
<EXPENSE-RATIO> 0.250
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
STRATEGIC SERIES OCTOBER 31, 1996 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 081
<NAME> FSS FRANKLIN NATURAL RESOURCES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1997
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 20,390,374
<INVESTMENTS-AT-VALUE> 22,726,359
<RECEIVABLES> 3,639,700
<ASSETS-OTHER> 105,146
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 26,471,205
<PAYABLE-FOR-SECURITIES> 365,714
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 39,419
<TOTAL-LIABILITIES> 405,133
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23,077,606
<SHARES-COMMON-STOCK> 1,828,349
<SHARES-COMMON-PRIOR> 754,261
<ACCUMULATED-NII-CURRENT> 45,473
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 606,985
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,336,008
<NET-ASSETS> 26,066,072
<DIVIDEND-INCOME> 93,488
<INTEREST-INCOME> 45,640
<OTHER-INCOME> 0
<EXPENSES-NET> (75,475)
<NET-INVESTMENT-INCOME> 63,653
<REALIZED-GAINS-CURRENT> 419,985
<APPREC-INCREASE-CURRENT> 1,154,047
<NET-CHANGE-FROM-OPS> 1,637,685
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 33,688
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,429,217
<NUMBER-OF-SHARES-REDEEMED> (357,489)
<SHARES-REINVESTED> 2,360
<NET-CHANGE-IN-ASSETS> 16,157,204
<ACCUMULATED-NII-PRIOR> 16,048
<ACCUMULATED-GAINS-PRIOR> 186,460
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 49,909
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 125,384
<AVERAGE-NET-ASSETS> 15,976,520
<PER-SHARE-NAV-BEGIN> 13.140
<PER-SHARE-NII> .040
<PER-SHARE-GAIN-APPREC> 1.116
<PER-SHARE-DIVIDEND> (0.036)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.260
<EXPENSE-RATIO> .940
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
STRATEGIC SERIES OCTOBER 31, 1996 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 091
<NAME> FRANKLIN BLUE CHIP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1997
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 2,515,661
<INVESTMENTS-AT-VALUE> 2,576,559
<RECEIVABLES> 774,726
<ASSETS-OTHER> 17,190
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,368,475
<PAYABLE-FOR-SECURITIES> 34,608
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,343
<TOTAL-LIABILITIES> 36,951
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,256,233
<SHARES-COMMON-STOCK> 325,226
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 12,997
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,403
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 60,891
<NET-ASSETS> 3,331,524
<DIVIDEND-INCOME> 8,845
<INTEREST-INCOME> 18,026
<OTHER-INCOME> 0
<EXPENSES-NET> (13,874)
<NET-INVESTMENT-INCOME> 12,997
<REALIZED-GAINS-CURRENT> 1,403
<APPREC-INCREASE-CURRENT> 60,891
<NET-CHANGE-FROM-OPS> 75,291
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 346,522
<NUMBER-OF-SHARES-REDEEMED> (21,296)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 3,331,524
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,255
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 20,090
<AVERAGE-NET-ASSETS> 2,650,002
<PER-SHARE-NAV-BEGIN> 10.000
<PER-SHARE-NII> .040
<PER-SHARE-GAIN-APPREC> .200
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.240
<EXPENSE-RATIO> 1.250
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
