<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>
