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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
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 trGI3wDnuZz5MYootNpi/Q==

<SEC-DOCUMENT>0000833040-02-000006.txt : 20021028
<SEC-HEADER>0000833040-02-000006.hdr.sgml : 20021028
<ACCEPTANCE-DATETIME>20021028140258
ACCESSION NUMBER:		0000833040-02-000006
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20020831
FILED AS OF DATE:		20021028
EFFECTIVENESS DATE:		20021028

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANKLIN UNIVERSAL TRUST
		CENTRAL INDEX KEY:			0000833040
		IRS NUMBER:				943077602
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05569
		FILM NUMBER:		02799655

	BUSINESS ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403-1906
		BUSINESS PHONE:		650-312-2000

	MAIL ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403-1906
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-B
<SEQUENCE>1
<FILENAME>answer.fil
<DESCRIPTION>NSAR ANSWER FILE
<TEXT>
<PAGE>      PAGE  1
000 B000000 08/31/2002
000 C000000 0000833040
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 UNIVERSAL TRUST
001 B000000 811-5569
001 C000000 6503122000
002 A000000 ONE FRANKLIN PARKWAY
002 B000000 SAN MATEO
002 C000000 CA
002 D010000 94403
002 D020000 1906
003  000000 N
004  000000 N
005  000000 N
006  000000 N
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007 C012300 23
007 C012400 24
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007 C012700 27
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<PAGE>      PAGE  2
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007 C013100 31
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<PAGE>      PAGE  3
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008 B000001 A
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008 D020001 CA
008 D030001 94403
008 D040001 1906
010 A000001 FRANKLIN TEMPLETON SERVICES LLC
010 C010001 SAN MATEO
010 C020001 CA
010 C030001 94403
010 C040001 1906
011 A000001 UBS PAINEWEBBER INC.
011 B000001 8-16267
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10019
011 A000002 A.G. EDWARDS & SONS INC.
011 B000002 8-13580
011 C010002 ST.LOUIS
011 C020002 MO
011 C030002 63103
011 A000003 SALOMON SMITH BARNEY INC.
011 B000003 8-00541
011 C010003 NEW YORK
011 C020003 NY
011 C030003 10013
011 A000004 RBC DAIN RAUSCHER INC.
011 B000004 8-45411
011 C010004 MINNEAPOLIS
011 C020004 MN
011 C030004 55402
011 C040004 4422
011 A000005 RAYMOND JAMES & ASSOCIATES
011 B000005 8-04393
011 C010005 ST. PETERSBURG
011 C020005 FL
011 C030005 33733
011 C040005 4508
012 A000001 PFPC INC.
<PAGE>      PAGE  4
012 B000001 85-1119600
012 C010001 PROVIDENCE
012 C020001 RI
012 C030001 02940
012 C040001 3027
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 SAN FRANCISCO
013 B020001 CA
013 B030001 94105
013 B040001 2119
015 A000001 THE BANK OF NEW YORK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10286
015 E010001 X
015 A000002 CITIBANK ARGENTINA
015 B000002 S
015 C010002 BUENOS AIRES
015 D010002 ARGENTINA
015 E040002 X
015 A000003 CITIBANK N.A.
015 B000003 S
015 C010003 BUENOS AIRES
015 D010003 ARGENTINA
015 E040003 X
015 A000004 NATIONAL AUSTRALIA BANK LIMITED
015 B000004 S
015 C010004 MELBOURNE
015 D010004 AUSTRALIA
015 E040004 X
015 A000005 BANK AUSTRIA CREDITANSTALT
015 B000005 S
015 C010005 VIENNA
015 D010005 AUSTRIA
015 E040005 X
015 A000006 BANQUE BRUXELLES LAMBERT
015 B000006 S
015 C010006 BRUSSELS
015 D010006 BELGIUM
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015 A000007 BANKBOSTON N.A.
015 B000007 S
015 C010007 SAO PAULO
015 D010007 BRAZIL
015 E040007 X
015 A000008 ROYAL BANK OF CANADA
015 B000008 S
015 C010008 MONTREAL
015 D010008 CANADA
015 E040008 X
<PAGE>      PAGE  5
015 A000009 STANDARD CHARTERED BANK, HONG KONG
015 B000009 S
015 C010009 SHANGHAI
015 D010009 CHINA
015 E040009 X
015 A000010 STANDARD CHARTERED BANK, HONG KONG
015 B000010 S
015 C010010 SHENZHEN
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015 B000011 S
015 C010011 COPENHAGEN
015 D010011 DENMARK
015 E040011 X
015 A000012 BANK ONE N.A.
015 B000012 S
015 C010012 LONDON
015 D010012 UNITED KINGDOM
015 E040012 X
015 A000013 CLEARSTREAM BANKING
015 B000013 S
015 C010013 LUXEMBOURG
015 D010013 EUROMARKET
015 E040013 X
015 A000014 EUROCLEAR BANK
015 B000014 S
015 C010014 BRUSSELS
015 D010014 EUROMARKET
015 E040014 X
015 A000015 NORDEA BANK FINLAND PLC
015 B000015 S
015 C010015 HELSINKI
015 D010015 FINLAND
015 E040015 X
015 A000016 BNP PARIBAS SECURITIES SERVICES
015 B000016 S
015 C010016 PARIS
015 D010016 FRANCE
015 E040016 X
015 A000017 DRESDNER BANK AG
015 B000017 S
015 C010017 FRANKFURT
015 D010017 GERMANY
015 E040017 X
015 A000018 HONGKONG & SHANGHAI BANKING CORP., LTD
015 B000018 S
015 C010018 HONG KONG
015 D010018 HONG KONG
015 E040018 X
015 A000019 HONGKONG & SHANGHAI BANKING CORP., LTD
<PAGE>      PAGE  6
015 B000019 S
015 C010019 JAKARTA
015 D010019 INDONESIA
015 E040019 X
015 A000020 AIB/BNY TRUST COMPANY LIMITED
015 B000020 S
015 C010020 DUBLIN
015 D010020 IRELAND
015 E040020 X
015 A000021 BANK OF TOKYO-MITSUBISHI LTD
015 B000021 S
015 C010021 TOKYO
015 D010021 JAPAN
015 E040021 X
015 A000022 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEM.
015 B000022 S
015 C010022 LUXEMBOURG
015 D010022 LUXEMBOURG
015 E040022 X
015 A000023 HSBC BANK MALAYSIA BERHAD
015 B000023 S
015 C010023 KUALA LUMPUR
015 D010023 MALAYSIA
015 E040023 X
015 A000024 BANCO NACIONAL DE MEXICO S.A.
015 B000024 S
015 C010024 MEXICO CITY
015 D010024 MEXICO
015 E040024 X
015 A000025 FORTIS BANK (NEDERLAND) N.V.
015 B000025 S
015 C010025 AMSTERDAM
015 D010025 NETHERLANDS
015 E040025 X
015 A000026 NATIONAL NOMINEES LIMITED
015 B000026 S
015 C010026 AUCKLAND
015 D010026 NEW ZEALAND
015 E040026 X
015 A000027 STANDARD CHARTERED BANK
015 B000027 S
015 C010027 KARACHI
015 D010027 PAKISTAN
015 E040027 X
015 A000028 HONGKONG & SHANGHAI BANKING CORP., LTD
015 B000028 S
015 C010028 PASIG CITY
015 D010028 PHILIPPINES
015 E040028 X
015 A000029 BANCO COMERCIAL PORTUGUES, S.A.
015 B000029 S
<PAGE>      PAGE  7
015 C010029 PORTO SALVO
015 D010029 PORTUGAL
015 E040029 X
015 A000030 UNITED OVERSEAS BANK LIMITED
015 B000030 S
015 C010030 SINGAPORE
015 D010030 SINGAPORE
015 E040030 X
015 A000031 STANDARD CORPORATE AND MERCHANT BANK
015 B000031 S
015 C010031 JOHANNESBURG
015 D010031 SOUTH AFRICA
015 E040031 X
015 A000032 BANCO BILBAO VIZCAYA ARGENTARIA SA
015 B000032 S
015 C010032 MADRID
015 D010032 SPAIN
015 E040032 X
015 A000033 STANDARD CHARTERED BANK
015 B000033 S
015 C010033 COLOMBO
015 D010033 SRI LANKA
015 E040033 X
015 A000034 SKANDINAVISKA ENSKILDA BANKEN AB
015 B000034 S
015 C010034 STOCKHOLM
015 D010034 SWEDEN
015 E040034 X
015 A000035 CREDIT SUISSE FIRST BOSTON
015 B000035 S
015 C010035 ZURICH
015 D010035 SWITZERLAND
015 E040035 X
015 A000036 STANDARD CHARTERED BANK
015 B000036 S
015 C010036 BANGKOK
015 D010036 THAILAND
015 E040036 X
015 A000037 BANK OF NEW YORK
015 B000037 S
015 C010037 LONDON
015 D010037 UNITED KINGDOM
015 E040037 X
015 A000038 CITIBANK N.A.
015 B000038 S
015 C010038 CARACAS
015 D010038 VENEZUELA
015 E040038 X
015 A000039 BARCLAYS BANK ZAMBIA LIMITED
015 B000039 S
015 C010039 LUSAKA
<PAGE>      PAGE  8
015 D010039 ZAMBIA
015 E040039 X
015 A000040 BARCLAYS BANK ZIMBABWE LIMITED
015 B000040 S
015 C010040 HARARE
015 D010040 ZIMBABWE
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015 C010041 GABORONE
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015 C010042 ACCRA
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020 B000002 13-5674085
<PAGE>      PAGE  9
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020 C000003      5
020 A000004 LEHMAN BROTHERS
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020 B000005 43-0895447
020 C000005      3
020 A000006 BANC OF AMERICA SECURITIES LLC
020 B000006 56-2058405
020 C000006      3
020 A000007 FRANCIS P MAGLIO & CO
020 B000007 22-2854776
020 C000007      3
020 A000008 JEFFERIES & CO INC
020 B000008 95-2622900
020 C000008      3
020 A000009 SALOMON SMITH BARNEY
020 B000009 11-2418191
020 C000009      1
020 A000010 CHASE H AND Q
020 B000010 94-3220292
020 C000010      1
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022 A000001 DEUTSCHE BANK SECURITIES INC.
022 B000001 13-2730828
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022 A000002 MORGAN STANLEY & CO., INC
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022 C000002    106106
022 D000002      2232
022 A000003 PNP PARIBAS SECURITIES
022 B000003 13-3235334
022 C000003    104699
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022 B000004 13-3894311
022 C000004    104424
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022 A000005 UBS WARBURG LLC
022 B000005 13-2932996
022 C000005    104248
022 D000005         0
022 A000006 ABN AMRO INC
022 B000006 13-3227495
022 C000006    101234
022 D000006         0
022 A000007 LEHMAN BROTHERS INC.
<PAGE>      PAGE  10
022 B000007 13-2518466
022 C000007     85790
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022 A000008 BEAR, STEARNS & SECURITIES CORP.
022 B000008 13-3299429
022 C000008     84699
022 D000008       407
022 A000009 BARCLAYS CAPITAL INC.
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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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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
074 K000000        0
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074 U010000    27615
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074 Y000000     3781
075 A000000        0
075 B000000   177211
076  000000     6.37
077 A000000 Y
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078  000000 N
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 C000000      210
081 A000000 Y
081 B000000 314
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 Y
085 B000000 N
086 A010000    465
086 A020000   3309
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000  15000
086 F020000  15632
<PAGE>      PAGE  16
087 A010000 COMMON STOCK
087 A020000 355145103
087 A030000 FT
088 A000000 Y
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE   KIMBERLEY MONASTERIO
TITLE       TREASURER


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>4
<FILENAME>opinion.txt
<DESCRIPTION>AUDITORS OPINION
<TEXT>
              REPORT OF INDEPENDENT ACCOUNTANTS


To the Shareholders and Board of Trustees of Franklin
Universal  Trust.

In planning and performing our audit of the financial
statements of Franklin Universal
Trust for the year ended August 31, 2002, we considered its
internal control, including
control activities over safeguarding securities, in order to
determine our auditing
procedures for the purpose of expressing our opinion on the
financial statements and to
comply with the requirements of Form N-SAR, not to provide
assurance on internal
control.

The management of the Franklin Universal Trust is
responsible for establishing and
maintaining internal control.  In fulfilling this
responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of controls.
Generally, controls that are relevant to an audit pertain to
the entity's objective of
preparing financial statements for external purposes that
are fairly presented in
conformity with accounting principles generally accepted in
the United States of
America. Those controls include the safeguarding of assets
against unauthorized
acquisition, use, or disposition.

Because of inherent limitations in internal control, errors
or irregularities may occur and
may not be detected.  Also, projection of any evaluation of
internal control to future
periods is subject to the risk that controls may become
inadequate because of changes
in conditions or that the effectiveness of their design and
operation may deteriorate.

Our consideration of internal control would not necessarily
disclose all matters in internal
control that might be material weaknesses under standards
established by the American
Institute of Certified Public Accountants. A material
weakness is a condition in which the
design or operation of one or more of the internal control
components does not reduce to
a relatively low level the risk that misstatements caused by
error or fraud in amounts that
would be material in relation to the financial statements
being audited may occur and not
be detected within a timely period by employees in the
normal course of performing their
assigned functions. However, we noted no matters involving
internal control and its
operation, including controls over safeguarding securities,
that we consider to be
material weaknesses as defined above, as of August 31, 2002.

This report is intended solely for the information and use
of the Board of Trustees,
management and the Securities and Exchange Commission and is
not intended to be
and should not be used by anyone other than these specified
parties.



PricewaterhouseCoopers
San Francisco, California
October 3, 2002


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q3 CERT
<SEQUENCE>5
<FILENAME>certj.txt
<DESCRIPTION>CERTIFICATION JIM
<TEXT>
I,Jimmy D. Gambill, certify that:

1. I have reviewed this report on Form N-SAR of Franklin Universal
Trust
Fund.

2. Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact
necessary
to make the statements made, in light of the circumstances under
which
such statements were made, not misleading with respect to the
period
covered by this report;

3. Based on my knowledge, the financial information included in
this
report, and the financial statements on which the financial
information
is based, fairly present in all material respects the financial
condition,
results of operations, changes in net assets, and cash flows (if
the
financial statements are required to include a statement of cash
flows)
of the registrant as of, and for, the periods presented in this
report;

4. The registrant's other certifying officers and I are
responsible for
establishing and maintaining disclosure controls and procedures
(as
defined in rule 30a-2(c) under the Investment Company Act) for the
registrant and have:

a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its
consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being
prepared;
b) evaluated the effectiveness of the registrant's disclosure
controls
and procedures as of a date within 90 days prior to the filing
date of
this report (the "Evaluation Date"); and
c) presented in this report our conclusions about the
effectiveness of the
disclosure controls and procedures based on our evaluation as of
the
Evaluation Date;

5. The registrant's other certifying officers and I have
disclosed, based
on our most recent evaluation, to the registrant's auditors and
the audit
committee of the registrant's board of directors (or persons
performing
the equivalent functions):

a) all significant deficiencies in the design or operation of
internal
controls which could adversely affect the registrant's ability to
record,
process, summarize, and report financial data and have identified
for
the registrant's auditors any material weaknesses in internal
controls; and
b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's
internal
controls; and

6. The registrant's other certifying officers and I have indicated
in this
report whether or not there were significant changes in internal
controls
or in other factors that could significantly affect internal
controls
subsequent to the date of our most recent evaluation, including
any
corrective actions with regard to significant deficiencies and
material
weaknesses.

October 28, 2002


S\JIMMY D. GAMBILL

Jimmy D. Gambill
President, Franklin Templeton Services, LLC.



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q3 CERT
<SEQUENCE>6
<FILENAME>certk.txt
<DESCRIPTION>CERTIFICATION KIM
<TEXT>
I,Kimberley H. Monasterio, certify that:

1. I have reviewed this report on Form N-SAR of Franklin Universal
Trust
Fund.

2. Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact
necessary
to make the statements made, in light of the circumstances under
which
such statements were made, not misleading with respect to the
period
covered by this report;

3. Based on my knowledge, the financial information included in
this
report, and the financial statements on which the financial
information
is based, fairly present in all material respects the financial
condition,
results of operations, changes in net assets, and cash flows (if
the
financial statements are required to include a statement of cash
flows)
of the registrant as of, and for, the periods presented in this
report;

4. The registrant's other certifying officers and I are
responsible for
establishing and maintaining disclosure controls and procedures
(as
defined in rule 30a-2(c) under the Investment Company Act) for the
registrant and have:

a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its
consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being
prepared;
b) evaluated the effectiveness of the registrant's disclosure
controls
and procedures as of a date within 90 days prior to the filing
date of
this report (the "Evaluation Date"); and
c) presented in this report our conclusions about the
effectiveness of the
disclosure controls and procedures based on our evaluation as of
the
Evaluation Date;

5. The registrant's other certifying officers and I have
disclosed, based
on our most recent evaluation, to the registrant's auditors and
the audit
committee of the registrant's board of directors (or persons
performing
the equivalent functions):

a) all significant deficiencies in the design or operation of
internal
controls which could adversely affect the registrant's ability to
record,
process, summarize, and report financial data and have identified
for
the registrant's auditors any material weaknesses in internal
controls; and
b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's
internal
controls; and

6. The registrant's other certifying officers and I have indicated
in this
report whether or not there were significant changes in internal
controls
or in other factors that could significantly affect internal
controls
subsequent to the date of our most recent evaluation, including
any
corrective actions with regard to significant deficiencies and
material
weaknesses.

October 28, 2002


S\KIMBERLEY H. MONASTERIO

Kimberley H. Monasterio
Treasurer and Chief Financial Officer


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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