<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> 011
<NAME> FRANKLIN CALIFORNIA GROWTH FUND - CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> APR-30-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 1,573,521,096
<INVESTMENTS-AT-VALUE> 2,510,289,597
<RECEIVABLES> 15,785,981
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,526,075,578
<PAYABLE-FOR-SECURITIES> 1,298,435
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,760,888
<TOTAL-LIABILITIES> 8,059,323
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,432,685,343
<SHARES-COMMON-STOCK> 40,392,821
<SHARES-COMMON-PRIOR> 30,235,845
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 148,562,411
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 936,768,501
<NET-ASSETS> 2,518,016,255
<DIVIDEND-INCOME> 14,001,071
<INTEREST-INCOME> 1,889,262
<OTHER-INCOME> 0
<EXPENSES-NET> (16,259,895)
<NET-INVESTMENT-INCOME> (369,562)
<REALIZED-GAINS-CURRENT> 209,962,858
<APPREC-INCREASE-CURRENT> 707,495,834
<NET-CHANGE-FROM-OPS> 917,089,130
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,379,497)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 40,682,193
<NUMBER-OF-SHARES-REDEEMED> (30,612,722)
<SHARES-REINVESTED> 87,505
<NET-CHANGE-IN-ASSETS> 1,575,451,611
<ACCUMULATED-NII-PRIOR> 2,370,910
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (60,904,619)
<GROSS-ADVISORY-FEES> (7,117,085)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (16,259,895)
<AVERAGE-NET-ASSETS> 1,605,601,744
<PER-SHARE-NAV-BEGIN> 25.820
<PER-SHARE-NII> .050<F1>
<PER-SHARE-GAIN-APPREC> 24.360
<PER-SHARE-DIVIDEND> (.080)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 50.150
<EXPENSE-RATIO> .880
<FN>
<F1>BASED ON AVERAGE SHARES OUTSTANDING.
</FN>
</TABLE>
