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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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MIC-Info: RSA-MD5,RSA,
 TMHAeTenW9sS4FVrENaNe/oG/GGisnHodFe+t8qlAQKAmWQPaeDR/QWaRMIpj/7Y
 9GAh423eiMXRhzIJGHK7DQ==

<SEC-DOCUMENT>0000833040-03-000005.txt : 20030429
<SEC-HEADER>0000833040-03-000005.hdr.sgml : 20030429
<ACCEPTANCE-DATETIME>20030428195319
ACCESSION NUMBER:		0000833040-03-000005
CONFORMED SUBMISSION TYPE:	NSAR-A
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20030228
FILED AS OF DATE:		20030429
EFFECTIVENESS DATE:		20030429

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-A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05569
		FILM NUMBER:		03667675

	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-A
<SEQUENCE>1
<FILENAME>answer.fil
<DESCRIPTION>ANSWER FILE
<TEXT>
<PAGE>      PAGE  1
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011 A000001 UBS PAINEWEBBER INC.
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<PAGE>      PAGE  4
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013 B040001 2119
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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SIGNATURE   KIMBERLEY MONASTERIO
TITLE       TREASURER


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q3 CERT
<SEQUENCE>4
<FILENAME>jimcert.txt
<DESCRIPTION>JIM CERTIFICATION
<TEXT>
I,Jimmy D. Gambill, certify that:

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

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.

April 24, 2003


S\JIMMY D. GAMBILL

Jimmy D. Gambill
Chief Executive Officer - Finance and Administration

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q3 CERT
<SEQUENCE>5
<FILENAME>kimcert.txt
<DESCRIPTION>KIM CERTIFICATION
<TEXT>
I,Kimberley H. Monasterio, certify that:

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

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.

April 24, 2003


S\KIMBERLEY H. MONASTERIO

Kimberley H. Monasterio
Treasurer and Chief Financial Officer

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77C VOTES
<SEQUENCE>6
<FILENAME>legal.txt
<DESCRIPTION>LEGAL ATTACHMENT
<TEXT>
2

NAME OF REGISTRANT:
Franklin Universal Trust
File No. 811-5569


EXHIBIT ITEM No. 77C:  Submission of matters to a vote of
security holders.





                    FRANKLIN UNIVERSAL TRUST
        MINUTES OF THE 2003 ANNUAL SHAREHOLDERS' MEETING

                        February 24, 2003




The Annual Shareholders' Meeting of Franklin Universal Trust (the
"Fund")  was held on February 24, 2003 at 2:00 p.m. Pacific  Time
at  the  offices  of the Fund, One Franklin Parkway,  San  Mateo,
California, 94403.

Steven Gray presided at the Meeting and acted as Secretary.   Mr.
Gray appointed Joyce L. Sanns to serve as Inspector of Election.

The  reading of the "Notice of 2003 Annual Shareholders' Meeting"
dated  January 10, 2003, was waived. Mr. Gray indicated that  the
Notice of the Meeting and the accompanying Proxy Statement  would
be entered into the Minutes of the Meeting.

An  alphabetical list of shareholders entitled  to  vote  at  the
Meeting  and  the  proxies  which  had  been  executed   by   the
shareholders  were  then presented.  The  Inspector  of  Election
reported  that on the record date, December 13, 2002, there  were
27,764,831.291  shares  of  the  Fund  issued,  outstanding   and
entitled  to  vote  at the Meeting, and that a majority  of  such
shares was represented by proxy at the Meeting and there was  the
quorum needed to transact the business of the Meeting.

Mr.  Gray then called for voting on the matters set forth in  the
Proxy Statement. Ms. Sanns then reported that the proposal passed
and the voting was as follows:
1.

Regarding the election of a Board of Trustees of the Fund:




                              Shares
         Trustees               For        Withheld Or
                                             Abstain
  Frank H. Abbott         22,475,085.107   593,638.735
  Harris J. Ashton        22,532,108.141   536,615.701
  Robert F. Carlson       22,488,140.030   580,583.812
  S. Joseph Fortunato     22,537,837.141   530,886.701
  Edward B. Jamieson      22,488,512.030   580,211.812
  Charles B. Johnson      22,524,578.141   544,145.701
  Rupert H. Johnson, Jr.  22,539,282.141   529,441.701
  Frank W.T. LaHaye       22,534,589.141   534,134.701
  Gordon S. Macklin       22,535,403.141   533,320.701



There being no further business to come before the meeting, upon
motion duly made, seconded and carried, the Meeting was
adjourned.



     Dated:  February 24, 2003


     /s/Steven Gray__________________
     Steven Gray
     Acting Secretary



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