<PAGE> PAGE 1
000 B000000 09/30/2000
000 C000000 0000893226
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001 A000000 FRANKLIN STRATEGIC MORTGAGE PORTFOLIO
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<PAGE> PAGE 2
011 C03AA01 94404
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012 A00AA01 FRANKLIN/TEMPLETON INVESTOR SERVICES, INC.
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012 C01AA01 SAN MATEO
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<PAGE> PAGE 3
015 A00AA08 FIRST CHICAGO CLEARING CENTER
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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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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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SIGNATURE KIMBERLEY MONASTERIO
TITLE TREASURER
