-----BEGIN PRIVACY-ENHANCED MESSAGE-----
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,
 JI0UOwBK+7P9eONYkUxARkXnwQloN5EtJpHEXUdeMbWbPZ1rS+9BbZl0PeBxN/88
 HpYoEpCObGgx72cFOFunyw==

<SEC-DOCUMENT>0000833040-03-000009.txt : 20030523
<SEC-HEADER>0000833040-03-000009.hdr.sgml : 20030523
<ACCEPTANCE-DATETIME>20030523153928
ACCESSION NUMBER:		0000833040-03-000009
CONFORMED SUBMISSION TYPE:	3/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030313
FILED AS OF DATE:		20030523

ISSUER:		

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

	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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KAY JOHN R
		CENTRAL INDEX KEY:			0001039363

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05569
		FILM NUMBER:		03718209

	BUSINESS ADDRESS:	
		STREET 1:		C/O FRANKLIN RESOURCES INC
		STREET 2:		901 MARINERS ISLAND BLVD 6TH FLR
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94404
		BUSINESS PHONE:		4153126505

	MAIL ADDRESS:	
		STREET 1:		C/O FRANKLIN RESOURCES INC
		STREET 2:		901 MARINERS ISLAND BLVD
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94404
</SEC-HEADER>
<DOCUMENT>
<TYPE>3/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>

<ownershipDocument>

    <documentType>3/A</documentType>

    <periodOfReport>2003-03-13</periodOfReport>

    <dateOfOriginalSubmission>2003-04-07</dateOfOriginalSubmission>

    <noSecuritiesOwned>1</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000833040</issuerCik>
        <issuerName>FRANKLIN UNIVERSAL TRUST</issuerName>
        <issuerTradingSymbol>FUT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001039363</rptOwnerCik>
            <rptOwnerName>KAY JOHN R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Assistant Secretary</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>


    <ownerSignature>
        <signatureName>John R. Kay</signatureName>
        <signatureDate>2003-05-23</signatureDate>
    </ownerSignature>

</ownershipDocument>

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