<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>franklin.txt
<TEXT>

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                   ----------

                                  SCHEDULE 13G
                                 (RULE 13d-102)

                          Information to be included in
             Statements filed pursuant to Rule 13d-1(b), (c) AND (d)
                  AND AMENDMENTS THERETO FILED PURSUANT TO RULE
                                    13d-2(b)

                                (AMENDMENT No. 4)

                                   ----------


                        FRANKLIN TELECOMMUNICATIONS CORP.
--------------------------------------------------------------------------------
                                (Name of Issuer)


                                  COMMON STOCK
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    354727208
                                 (CUSIP Number)

                                December 31, 2003
--------------------------------------------------------------------------------
             (Date of event which requires filing of this Statement)

             Check the  appropriate  box to designate the rule pursuant to which
this Schedule is filed:

                                [ ] Rule 13d-1(b)

                                [x] Rule 13d-1(c)

                                [ ] Rule 13d-1(d)


                         (Continued on following pages)
                               (Page 1 of 6 Pages)

<PAGE>

<TABLE>
<CAPTION>
                                                                                                  Page 2 of 6
------- -----------------------------------------------------------------------------------------------------
<S>     <C>
1.      NAME OF REPORTING PERSON

        S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

        Crescent International Ltd.
------- -----------------------------------------------------------------------------------------------------
2.      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                        (a)  [ ]
                                                                                (b)  [x]

------- -----------------------------------------------------------------------------------------------------
3.      SEC USE ONLY

------- -----------------------------------------------------------------------------------------------------
4.      CITIZENSHIP OR PLACE OF ORGANIZATION:

        Bermuda
------------------------- -----------------------------------------------------------------------------------
    NUMBER OF SHARES      5.   SOLE VOTING POWER
 BENEFICIALLY OWNED BY         2,814,981
 EACH REPORTING PERSON
          WITH
------------------------- ---- ------------------------------------------------------------------------------
                          6.   SHARED VOTING POWER

                               None.
------------------------- ---- ------------------------------------------------------------------------------
                          7.   SOLE DISPOSITIVE POWER

                               2,814,981
------------------------- ---- ------------------------------------------------------------------------------
                          8.   SHARED DISPOSITIVE POWER

                               None.
-------- ----------------------------------------------------------------------------------------------------
9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         2,814,981
-------- ----------------------------------------------------------------------------------------------------
10.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

         CERTAIN SHARES                                                                           [  ]
-------- ----------------------------------------------------------------------------------------------------
11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.36%
-------- ----------------------------------------------------------------------------------------------------
12.      TYPE OF REPORTING PERSON:

         OO
-------- ----------------------------------------------------------------------------------------------------
</TABLE>


<PAGE>

<TABLE>
<CAPTION>
                                                                                                  Page 3 of 6
------- -----------------------------------------------------------------------------------------------------
<S>     <C>
1.      NAME OF REPORTING PERSON
        S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

        DMI Trust
------- -----------------------------------------------------------------------------------------------------
2.      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                (a)  [ ]
                                                                        (b)  [x]
------- -----------------------------------------------------------------------------------------------------
3.      SEC USE ONLY

------- -----------------------------------------------------------------------------------------------------
4.      CITIZENSHIP OR PLACE OF ORGANIZATION:

        Bahamas
------------------------- ---- ------------------------------------------------------------------------------
    NUMBER OF SHARES      5.   SOLE VOTING POWER
 BENEFICIALLY OWNED BY         2,814,981
 EACH REPORTING PERSON
          WITH
------------------------- ---- ------------------------------------------------------------------------------
                          6.   SHARED VOTING POWER

                               None.
------------------------- ---- ------------------------------------------------------------------------------
                          7.   SOLE DISPOSITIVE POWER

                               2,814,981
------------------------- ---- ------------------------------------------------------------------------------
                          8.   SHARED DISPOSITIVE POWER

                               None.
-------- ----------------------------------------------------------------------------------------------------
9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         2,814,981
-------- ----------------------------------------------------------------------------------------------------
10.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES                                                                           [  ]

-------- ----------------------------------------------------------------------------------------------------
11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.36%
-------- ----------------------------------------------------------------------------------------------------
12.      TYPE OF REPORTING PERSON:

         OO
-------- ----------------------------------------------------------------------------------------------------
</TABLE>


<PAGE>


<TABLE>
<CAPTION>
                                                                                                  Page 4 of 6
------- -----------------------------------------------------------------------------------------------------
<S>     <C>
1.      NAME OF REPORTING PERSON
        S.S.  OR  I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
        GreenLight (Switzerland) SA
------- -----------------------------------------------------------------------------------------------------
2.      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP        (a)  [ ]
                                                                (b)  [x]
------- -----------------------------------------------------------------------------------------------------
3.      SEC USE ONLY

------- -----------------------------------------------------------------------------------------------------
4.      CITIZENSHIP OR PLACE OF ORGANIZATION:

        Switzerland
------------------------- ---- ------------------------------------------------------------------------------
    NUMBER OF SHARES      5.   SOLE VOTING POWER
 BENEFICIALLY OWNED BY         2,814,981
 EACH REPORTING PERSON
          WITH
------------------------- ---- ------------------------------------------------------------------------------
                          6.   SHARED VOTING POWER

                               None.
------------------------- ---- ------------------------------------------------------------------------------
                          7.   SOLE DISPOSITIVE POWER

                               2,814,981
------------------------- ---- ------------------------------------------------------------------------------
                          8.   SHARED DISPOSITIVE POWER

                               None.
-------- ----------------------------------------------------------------------------------------------------
9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         2,814,981
-------- ----------------------------------------------------------------------------------------------------
10.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES                                                                           [  ]
-------- ----------------------------------------------------------------------------------------------------
11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         0.36%
-------- ----------------------------------------------------------------------------------------------------
12.      TYPE OF REPORTING PERSON:

         OO
-------- ----------------------------------------------------------------------------------------------------
</TABLE>


<PAGE>


Item 1(a).      Name of Issuer.

                Franklin Telecommunications Corp. ("Franklin")

Item 1(b).      Address of Issuer's Principal Executive Offices.

                733 Lakefield Road
                Westlake Village, CA 91361

Item 2(a).      Names of Person Filing.

                  (i)   Crescent International Limited ("Crescent")

                  (ii)  DMI Trust ("DMI")

                  (iii) GreenLight (Switzerland) SA ("GreenLight")


Item 2(b).      Address of Principal Business Office, or if none, Residence.

                As to Crescent:
                Clarendon House
                2 Church Street
                Hamilton H 11
                Bermuda

                As to DMI:
                Norfolk House
                P.O. Box N-7139
                Bahamas

                As to GreenLight:
                84, av. Louis Casai
                CH-1216 Cointrin, Geneva
                Switzerland

Item 2(c).      Citizenship.

                As to Crescent: Bermuda
                As to DMI: Bahamas
                As to GreenLight: Switzerland

Item 2(d).      Title of Class of Securities.

                Common Stock, no par value.

Item 2(e).      CUSIP Number.

                354727208

Item 3.         If this statement is filed pursuant to Rules 13d-1(b) or
                13d-2(b), check whether the person filing is a:

                Not applicable.

Item 4.         Ownership.

                The  information  contained  in Items 5 though 11 on the cover
                pages  hereto  is  incorporated   herein  by  reference.   The
                2,814,981  shares  of  Common  Stock   beneficially  owned  by
                Crescent   includes  590,000  shares  of  Common  Stock  which
                Crescent  has the  current  right to  purchase  pursuant  to a
                warrant held by Crescent.

                DMI may be deemed to be a  beneficial  owner of the  shares of
                Common  Stock of  Franklin  beneficially  owned by Crescent by
                reason of the  ownership  by DMI of 100 percent of the capital
                stock of Crescent.

                GreenLight serves as principal investment manager to Crescent,
                and as  such  has  been  granted  investment  discretion  over
                investments  including the Franklin  Common Stock. As a result
                of its role as investment manager to Crescent,  GreenLight may
                be deemed to be the beneficial owner, as defined in Rule 13d-3
                under the Act,  of  Franklin  Common  Stock held by  Crescent.
                However,  GreenLight  does not have the right to  receive  any
                dividends from, or the proceeds from the sale of, the Franklin
                Common  Stock held by Crescent  and  disclaims  any  ownership
                associated with such rights.

                Accordingly, for the purposes of this Statement:

                  (i)   Crescent is  reporting  that it has the power  solely to
                        vote or  direct  the vote and the  power to  dispose  or
                        direct the disposition of, the total of 2,814,981 shares
                        of Common Stock beneficially owned by it;

                  (ii)  DMI is  reporting  that it  shares  the power to vote or
                        direct  the vote and the power to  dispose or direct the
                        disposition of, the total of 2,814,981  shares of Common
                        Stock beneficially owned by it; and

                  (iii) GreenLight is reporting  that it shares the power solely
                        to vote or direct  the vote and the power to  dispose or
                        direct the disposition of, the total of 2,814,981 shares
                        of Common Stock beneficially owned by it.

Item 5.         Ownership of Five Percent or Less of a Class.

                Ownership is 0.36%.

Item 6.         Ownership of More than Five Percent on Behalf of Another Person.

                Not applicable.

Item 7.         Identification and Classification of the Subsidiary Which
                Acquired the Security Being Reported on By the Parent Holding
                Company.

                Not applicable.

Item 8.         Identification and Classification of Members of the Group.

                Not applicable.

Item 9.         Notice of Dissolution of Group.

                Not applicable.

Item 10.        Certification.

                By  signing  below,  I  certify  that,  to  the  best  of my
                knowledge and belief, the securities  referred to above were
                not acquired and are not held for the purpose of or with the
                effect of changing or influencing  the control of the issuer
                of the  securities and were not acquired and are not held in
                connection with or as a participant in any transaction which
                could have that purpose or effect.

<PAGE>


                                    SIGNATURE

         After reasonable  inquiry and to the best of my knowledge and belief, I
certify that the information  set forth in this statement is true,  complete and
correct.

                        Date: February 5, 2004

                        CRESCENT INTERNATIONAL LIMITED

                        By: GreenLight (Switzerland) SA, as Attorney-in-Fact

                        By: /s/ Mel Craw
                            ------------------------------------
                            Name: Mel Craw
                            Title: Authorized Signatory

                        By: /s/ Maxi Brezzi
                            ------------------------------------
                            Name: Maxi Brezzi
                            Title: Authorized Signatory

                        DMI TRUST

                        By: GreenLight (Switzerland) SA, as Attorney-in-Fact

                        By: /s/ Mel Craw
                            ------------------------------------
                            Name: Mel Craw
                            Title: Authorized Signatory

                        By: /s/ Maxi Brezzi
                            ------------------------------------
                            Name: Maxi Brezzi
                            Title: Authorized Signatory

                        GREENLIGHT (SWITZERLAND) SA

                        By: /s/ Mel Craw
                            ------------------------------------
                            Name: Mel Craw
                            Title: Managing Director

                        By: /s/ Maxi Brezzi
                            ------------------------------------
                            Name: Maxi Brezzi
                            Title: Director

</TEXT>
</DOCUMENT>
