April 28, 2000
FRANKLIN STRATEGIC SERIES
777 Mariners Island Blvd.
San Mateo, CA 94404
Gentlemen:
We propose to acquire the shares of beneficial interest (the "Shares")
of each Class ("class") of Franklin Technology Fund (the "Fund"), a series of
Franklin Strategic Series (the "Trust"), as indicated in the chart below.
Fund and Class #Shares Price/Share Total
----------------------------------------------------------------------
Franklin
Technology 75,000 $10.00 $750,000
Fund - Class A
----------------------------------------------------------------------
Franklin
Technology 25,000 $10.00 $250,000
Fund - Class B
----------------------------------------------------------------------
Franklin
Technology 25,000 $10.00 $250,000
Fund - Class C
----------------------------------------------------------------------
Franklin
Technology 75,000 $10.00 $750,000
Fund - Advisor
Class
----------------------------------------------------------------------
Total $2,000,000
----------------------------------------------------------------------
We will purchase the Shares in a private offering prior to the
effectiveness of the Form N-1A registration statement filed by the Trust on
behalf of the Fund under the Securities Act of 1933. The Shares are being
purchased as the initial advance in connection with the operations of the
Fund.
We consent to the filing of this Investment Letter as an exhibit to the
Form N-1A registration statement of the Trust.
Sincerely,
FRANKLIN RESOURCES, INC.
By: /S/ H.E. Burns
Harmon E. Burns
Executive Vice President
