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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000833040-07-000021.txt : 20071029
<SEC-HEADER>0000833040-07-000021.hdr.sgml : 20071029
<ACCEPTANCE-DATETIME>20071029130330
ACCESSION NUMBER:		0000833040-07-000021
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20070831
FILED AS OF DATE:		20071029
DATE AS OF CHANGE:		20071029
EFFECTIVENESS DATE:		20071029

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:		071195769

	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>ANSWER FILE
<TEXT>
<PAGE>      PAGE  1
000 B000000 08/31/2007
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
007 A000000 N
007 B000000  0
007 C010100  1
008 A000001 FRANKLIN ADVISERS INC
008 B000001 A
008 C000001 801-26292
008 D010001 SAN MATEO
008 D020001 CA
008 D030001 94403
008 D040001 1906
010 A000001 FRANKLIN TEMPLETON SERVICES, LLC
010 B000001 801-26292
010 C010001 RANCHO CORDOVA
010 C020001 CA
010 C030001 95670
010 C040001 7313
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
<PAGE>      PAGE  2
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
011 A000006 BEAR STEARNS & CO. INC
011 B000006 8-35008
011 C010006 NEW YORK
011 C020006 NY
011 C030006 10179
011 A000007 FIRST BOSTON CORP
011 B000007 8-91836
011 C010007 NEW YORK
011 C020007 NY
011 C030007 10055
011 A000008 ALEX BROWN INVESTMENT MANAGEMENT LLC
011 B000008 8-04401
011 C010008 BALTIMORE
011 C020008 MD
011 C030008 21202
011 A000009 DONALDSON LUFKIN & JENRETTE INC
011 B000009 8-96058
011 C010009 NEW YORK
011 C020009 NY
011 C030009 10005
011 A000010 DREXEL BURNHAM LAMBERT REAL ESTATE
011 B000010 8-5829
011 C010010 GREENVILLE
011 C020010 SC
011 C030010 29602
011 A000011 GOLDMAN, SACHS & CO
011 B000011 8-00129
011 C010011 NEW YORK
011 C020011 NY
011 C030011 10004
012 A000001 PFPC INC.
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012 C010001 PROVIDENCE
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012 C040001 3027
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013 B010001 SAN FRANCISCO
<PAGE>      PAGE  3
013 B020001 CA
013 B030001 94111
013 B040001 4004
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015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10286
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015 B000002 S
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015 C040003 1906
015 E030003 X
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015 B000005 S
015 C010005 VIENNA
015 D010005 AUSTRIA
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015 E040007 X
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015 B000008 S
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015 E040008 X
015 A000009 THE HONGKONG & SHANGHAI BANKING CORP.
015 B000009 S
015 C010009 SHANGHAI
015 D010009 CHINA
015 E040009 X
<PAGE>      PAGE  4
015 A000010 THE HONGKONG & SHANGHAI BANKING CORP.
015 B000010 S
015 C010010 SHENZHEN
015 D010010 CHINA
015 E040010 X
015 A000011 DANSKE BANK A/S
015 B000011 S
015 C010011 COPENHAGEN
015 D010011 DENMARK
015 E040011 X
015 A000012 DELETE
015 A000013 CLEARSTREAM BANKING LUXEM, SOCIETE ANONYME
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
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015 C010015 HELSINKI
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015 E040015 X
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015 B000016 S
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015 E040016 X
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015 B000017 S
015 C010017 FRANKFURT/MAIN
015 D010017 GERMANY
015 E040017 X
015 A000018 THE HONGKONG & SHANGHAI BANKING CORP., LTD
015 B000018 S
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015 D010018 HONG KONG
015 E040018 X
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015 B000019 S
015 C010019 JAKARTA
015 D010019 INDONESIA
015 E040019 X
015 A000020 THE BANK OF NEW YORK
015 B000020 S
015 C010020 LONDON
015 D010020 IRELAND
015 E040020 X
<PAGE>      PAGE  5
015 A000021 THE BANK OF TOKYO-MITSUBISHI UFJ LTD.
015 B000021 S
015 C010021 TOKYO
015 D010021 JAPAN
015 E040021 X
015 A000022 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEM.
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015 C010022 LUXEMBOURG
015 D010022 LUXEMBOURG
015 E040022 X
015 A000023 BANCO NACIONAL DE MEXICO S.A.
015 B000023 S
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015 D010023 MEXICO
015 E040023 X
015 A000024 ING SECURITIES SERVICES NL
015 B000024 S
015 C010024 AMSTERDAM
015 D010024 NETHERLANDS
015 E040024 X
015 A000025 NATIONAL AUSTRALIA BANK
015 B000025 S
015 C010025 AUCKLAND
015 D010025 NEW ZEALAND
015 E040025 X
015 A000026 STANDARD CHARTERED BANK (PAKISTAN) LTD.
015 B000026 S
015 C010026 KARACHI
015 D010026 PAKISTAN
015 E040026 X
015 A000027 THE HONGKONG & SHANGHAI BANKING CORP., LTD
015 B000027 S
015 C010027 PASIG CITY
015 D010027 PHILIPPINES
015 E040027 X
015 A000028 BANCO COMERCIAL PORTUGUES, S.A.
015 B000028 S
015 C010028 PORTO SALVO
015 D010028 PORTUGAL
015 E040028 X
015 A000029 DBS BANK LTD.
015 B000029 S
015 C010029 SINGAPORE
015 D010029 SINGAPORE
015 E040029 X
015 A000030 STANDARD BANK
015 B000030 S
015 C010030 JOHANNESBURG
015 D010030 SOUTH AFRICA
015 E040030 X
015 A000031 BANCO BILBAO VIZCAYA ARGENTARIA SA
<PAGE>      PAGE  6
015 B000031 S
015 C010031 MADRID
015 D010031 SPAIN
015 E040031 X
015 A000032 THE HONGKONG & SHANGHAI BANKING CORPORATION
015 B000032 S
015 C010032 COLOMBO
015 D010032 SRI LANKA
015 E040032 X
015 A000033 SKANDINAVISKA ENSKILDA BANKEN AB
015 B000033 S
015 C010033 STOCKHOLM
015 D010033 SWEDEN
015 E040033 X
015 A000034 CREDIT SUISSE ZURICH
015 B000034 S
015 C010034 ZURICH
015 D010034 SWITZERLAND
015 E040034 X
015 A000035 THE HONGKONG & SHANGHAI BANKING CORPORATION
015 B000035 S
015 C010035 BANGKOK
015 D010035 THAILAND
015 E040035 X
015 A000036 DELETE
015 A000037 BARCLAYS BANK OF ZAMBIA LIMITED
015 B000037 S
015 C010037 LUSAKA
015 D010037 ZAMBIA
015 E040037 X
015 A000038 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B000038 S
015 C010038 HARARE
015 D010038 ZIMBABWE
015 E040038 X
015 A000039 BARCLAYS BANK OF BOTSWANA LTD.
015 B000039 S
015 C010039 GABORONE
015 D010039 BOTSWANA
015 E040039 X
015 A000040 INTESA SANPAOLO S.P.A.
015 B000040 S
015 C010040 MILAN
015 D010040 ITALY
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015 A000041 ATTIJARIWAFA BANK
015 B000041 S
015 C010041 CASABLANCA
015 D010041 MOROCCO
015 E040041 X
015 A000042 STANDARD BANK NAMIBIA LIMITED
<PAGE>      PAGE  7
015 B000042 S
015 C010042 WINDHOEK
015 D010042 NAMIBIA
015 E040042 X
015 A000043 STANBIC BANK NIGERIA LIMITED
015 B000043 S
015 C010043 LAGOS
015 D010043 NIGERIA
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015 A000044 THE BANK OF NEW YORK
015 B000044 S
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015 D010044 UNITED KINGDOM
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020 B000001 13-3680184
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020 B000006 13-3872408
020 C000006      0
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<PAGE>      PAGE  8
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022 B000004 13-5659485
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022 B000009 13-5674085
022 C000009      7309
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022 A000010 GOLDMAN, SACHS & CO.
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SIGNATURE   LAURA FERGERSON
TITLE       TREASURER

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77E LEGAL
<SEQUENCE>3
<FILENAME>regmatters.txt
<DESCRIPTION>REG MATTERS
<TEXT>
REGULATORY AND LITIGATION MATTERS

On June 6, 2007, the SEC posted for public comment the proposed
plan of distribution for the market timing settlement. Once the
SEC approves the final plan of distribution, disbursements of
settlement monies will be made promptly to individuals who were
shareholders of the designated funds during the relevant period,
in accordance with the terms and conditions of the settlement and
plan.In addition, the Company, as well as most of the mutual funds
within Franklin Templeton Investments and certain current or former
officers, Company directors, fund directors, and employees, have
been named in private lawsuits (styled as shareholder class actions,
or as derivative actions on behalf of either the named funds or
Franklin Resources, Inc.). The lawsuits relate to the industry
practices referenced above. The Company and fund management believe
that the claims made in each of the private lawsuits referenced
above are without merit and intend to defend against them vigorously.
The Company cannot predict with certainty the eventual outcome of
these lawsuits, nor whether they will have a material negative impact
on the Company. If it is determined that the Company bears
responsibility for any unlawful or inappropriate conduct that caused
losses to the Trust, it is committed to making the Trust or their
shareholders whole, as appropriate.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>4
<FILENAME>auditletter.txt
<DESCRIPTION>AUDIT LETTER
<TEXT>


Report of Independent Registered Public Accounting Firm


To the Board of Trustees and Shareholders of
Franklin Universal Trust


In planning and performing our audit of the financial
statements of Franklin Universal Trust (the Fund) as
of and for the year ended August 31, 2007, in accordance
with the standards of the Public Company Accounting
Oversight Board (United States), we considered the
Fund's internal control over financial reporting,
including control activities for safeguarding securities,
as a basis for designing our auditing procedures for
the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR,
but not for the purpose of expressing an opinion on the
effectiveness of the Fund's internal control over
financial reporting.  Accordingly, we do not express
an opinion on the effectiveness of the Fund's internal
control over financial reporting.

The management of the Fund is responsible for
establishing and maintaining effective internal control
over financial reporting. In fulfilling this responsibility,
estimates and judgments by management are required to assess
the expected benefits and related costs of controls. A fund's
internal control over financial reporting is a process designed
to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted
accounting principles. Such internal control over financial
reporting includes policies andprocedures that provide
reasonable assurance regarding prevention or timely detection
of unauthorized acquisition, use or disposition of a fund's
assets that could have a material effect on the financial
statements.

Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree
of compliance with the policies or procedures
may deteriorate.

A control deficiency exists when the design or operation of
a control does not allow management or employees, in the
normal course of performing their assigned functions, to
prevent or detect misstatements on a timely basis. A
significant deficiency is a control deficiency, or
combination of control deficiencies, that adversely
affects the fund?s ability to initiate, authorize, record,
process or report external financial data reliably in
accordance with generally accepted accounting principles
such that there is more than a remote likelihood that a
misstatement of the fund?s annual or interim financial
statements that is more than inconsequential will not be
prevented or detected. A material weakness is a control
deficiency, or combination of control deficiencies, that
results in more than a remote likelihood that a material
misstatement of the annual or interim financial statements
will not be prevented or detected.

Our consideration of the Fund's internal control over
financial reporting was for the limited purpose described
in the first paragraph and would not necessarily disclose
all deficiencies in internal control over financial
reporting that might be significant deficiencies or material
weaknesses under standards established by the Public Company
Accounting Oversight Board (United States). However, we noted
no deficiencies in the Fund's internal control over financial
reporting and its operation, including controls for
safeguarding securities, that we consider to be material
weaknesses as defined above as of August 31, 2007.

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




October 18, 2007


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