<PAGE> PAGE 1
000 A000000 10/31/2000
000 C000000 0000912291
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 FRANKLIN REAL ESTATE SECURITIES TRUST
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001 C000000 6503122000
002 A000000 777 MARINERS ISLAND BOULEVARD
002 B000000 SAN MATEO
002 C000000 CA
002 D010000 94404
002 D020000 1585
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004 000000 N
005 000000 N
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007 C010600 6
007 C010700 7
007 C010800 8
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010 A00AA01 FRANKLIN TEMPLETON SERVICES, INC.
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010 C04AA01 1585
011 A00AA01 FRANKLIN/TEMPLETON DISTRIBUTORS, INC.
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<PAGE> PAGE 2
011 C03AA01 94404
011 C04AA01 1585
012 A00AA01 FRANKLIN/TEMPLETON INVESTOR SERVICES, INC.
012 B00AA01 84-1036
012 C01AA01 SAN MATEO
012 C02AA01 CA
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013 A00AA01 PRICEWATERHOUSE COOPERS LLP
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013 B03AA01 94105
013 B04AA01 2119
014 A00AA01 FRANKLIN/TEMPLETON DISTRIBUTORS, INC.
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015 A00AA01 THE BANK OF NEW YORK
015 B00AA01 C
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015 C02AA01 NY
015 C03AA01 10286
015 E01AA01 X
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015 C04AA02 1585
015 E03AA02 X
015 A00AA03 BANCO RIO DE LA PLATA
015 B00AA03 S
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015 D01AA03 ARGENTINA
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015 A00AA04 NATIONAL AUSTRALIA BANK LTD
015 B00AA04 S
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015 A00AA05 BANK AUSTRIA AG
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015 D01AA06 BELGIUM
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015 A00AA07 ROYAL BANK OF CANADA
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<PAGE> PAGE 3
015 D01AA07 CANADA
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015 D01AA08 DENMARK
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015 A00AA09 FIRST CHICAGO CLEARING CENTRE
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015 D01AA09 EUROMARKET
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<PAGE> PAGE 4
015 E04AA17 X
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<PAGE> PAGE 5
015 A00AA28 UNITED OVERSEAS BANK LTD
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015 A00AA29 STANDARD BANK OF SOUTH AFRICA LTD
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015 A00AA32 SKANDINAVISKA ENSKILDA BANKEN
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015 A00AA37 BARCLAYS BANK OF ZAMBIA LTD
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015 A00AA38 BARCLAYS BANK OF ZIMBABWE LTD
<PAGE> PAGE 6
015 B00AA38 S
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018 00AA00 Y
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<PAGE> PAGE 7
022 A000004 LAZARD FRERES AND CO
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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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<PAGE> PAGE 13
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SIGNATURE KIMBERLEY MONASTERIO
TITLE TREASURER
