<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
STRATEGIC SERIES APRIL 30, 2000 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 051
<NAME> FRANKLIN MIDCAP GROWTH FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> APR-30-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 47,720,362
<INVESTMENTS-AT-VALUE> 72,579,636
<RECEIVABLES> 36,420
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 72,616,056
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 168,152
<TOTAL-LIABILITIES> 168,152
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 43,992,840
<SHARES-COMMON-STOCK> 2,759,482
<SHARES-COMMON-PRIOR> 2,098,874
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,595,790
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 24,859,274
<NET-ASSETS> 72,447,904
<DIVIDEND-INCOME> 526,985
<INTEREST-INCOME> 22,087
<OTHER-INCOME> 0
<EXPENSES-NET> (569,093)
<NET-INVESTMENT-INCOME> (20,021)
<REALIZED-GAINS-CURRENT> 5,187,260
<APPREC-INCREASE-CURRENT> 18,797,422
<NET-CHANGE-FROM-OPS> 23,964,661
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (85,104)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,487,799
<NUMBER-OF-SHARES-REDEEMED> (1,830,739)
<SHARES-REINVESTED> 3,548
<NET-CHANGE-IN-ASSETS> 38,546,971
<ACCUMULATED-NII-PRIOR> 91,060
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (1,577,405)
<GROSS-ADVISORY-FEES> (294,033)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (569,093)
<AVERAGE-NET-ASSETS> 48,553,557
<PER-SHARE-NAV-BEGIN> 16.150
<PER-SHARE-NII> (.010)<F1>
<PER-SHARE-GAIN-APPREC> 10.150
<PER-SHARE-DIVIDEND> (.040)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 26.250
<EXPENSE-RATIO> 1.170
<FN>
<F1>Based on average shares outstanding.
</FN>
</TABLE>
