Franklin Templeton Group
777 Mariners Island Boulevard
San Mateo, California 94404
September 5, 1996
Filed Via EDGAR (CIK #0000912291)
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549-1004
Re: Franklin Real Estate Securities Trust
FILE NOS. 33-69048 and 811-8034
Ladies/Gentlemen:
Pursuant to Rule 497(j) under the Securities Act of 1933, this is to certify
that the forms of Prospectus and Statement of Additional Information that would
have been filed under Rule 497(c) do not differ from those contained in
Post-Effective Amendment No. 5 to the Registration Statement on Form N-1A, which
was filed electronically with the Securities and Exchange Commission on August
21, 1996.
Sincerely,
FRANKLIN REAL ESTATE SECURITIES TRUST
By /S/ Larry L. Greene
Senior Corporate Counsel
