Portfolio Holdings for Franklin Income Fund as of March 31, 2010

The following portfolio data for the Franklin Templeton funds is made available to the public under our Portfolio
Holdings Release Policy and is "as of" the date indicated. This portfolio data should not be relied upon as a complete
listing of a fund's holdings (or of a fund's top holdings) as information on particular holdings may be withheld if it is in the
fund's interest to do so.
Shares/
Coupon Maturity
Security Name
Market Value
Positions
Rate
Date
ABBOTT LABORATORIES
ABX 12.5% YES NOTES ISSUED BY
ADVANCED MICRO DEVICES INC
ADVANCED MICRO DEVICES INC
ADVANCED MICRO DEVICES INC
AES CORP
AGL RESOURCES INC
ALLIANT ENERGY CORP
ALLISON TRANSMISSION INC
ALON REFINING KROTZ SPRINGS IN
ALTEGRITY INC
AMEREN CORP
AMERICAN AIRLINES INC
AMERICAN ELECTRIC POWER CO INC
AMERICAN WATER WORKS CO INC
ANTERO RESOURCES FINANCE
AT&T INC
AU 10% ELN'S ISSUED BY JPMORGA
BAC 10% ELN'S ISSUED BY CREDIT
BAC 11.10% ELN'S ISSUED BY CRE
BANK OF AMERICA CORP
BANK OF AMERICA CORP
BANK OF AMERICA CORP
BARCLAYS PLC
BILL BARRETT CORP
BNY MONEY FUND NEW SERIES
BOISE CASCADE LLC
BOMBARDIER INC
BOMBARDIER INC
C 10% YES NOTES ISSUED BY GOLD
CABLEVISION SYSTEMS CORP
CABLEVISION SYSTEMS CORP
CALIFORNIA ST GO
CALLON PETROLEUM CO
CALLON PETROLEUM CO
CALPINE CONSTRUCTION FINANCE
CALPINE CORP
CANADIAN OIL SANDS TRUST
CAPITALSOURCE INC
CAPITALSOURCE INC

739,800
5,000,000
36,025,000
47,550,000
66,700,000
90,000,000
3,000,000
1,000,000
172,716,861
30,000,000
97,268,748
8,250,000
57,500,000
10,000,000
1,388,400
106,200,000
18,250,000
2,683,000
6,310,000
8,850,000
100,000,000
600,408
41,071,000
15,000,000
8,800,000
451,667
15,000,000
60,000,000
85,000,000
22,000,000
100,000,000
450,000,000
180,000,000
4,181,258
83,625,000
100,000,000
125,000,000
26,000,000
12,676,000
118,925,000
Page 1 of 10

$38,972,664
$194,020,000
$34,719,093
$47,609,437
$69,034,500
$91,800,000
$115,950,000
$33,260,000
$164,697,790
$29,100,000
$90,095,178
$215,160,000
$61,668,750
$341,800,000
$30,211,584
$109,917,000
$471,580,000
$103,014,053
$115,984,110
$161,357,625
$102,158,000
$585,397,800
$733,117,350
$82,056,519
$9,526,000
$361,334
$13,950,000
$62,850,000
$88,825,000
$90,257,860
$106,250,000
$483,187,500
$184,559,400
$22,411,542
$71,499,375
$102,750,000
$0
$779,807,929
$12,121,425
$114,465,312

N/A
N/A
6%
5.75%
8.125%
8%
N/A
N/A
FLOATER
13.5%
FLOATER
N/A
10.5%
N/A
N/A
9.375%
N/A
N/A
N/A
N/A
8.125%
N/A
N/A
N/A
9.875%
N/A
7.125%
7.5%
7.75%
N/A
8.625%
8%
7.95%
N/A
13%
8%
N/A
N/A
7.25%
4%

N/A
04/02/10
05/01/15
08/15/12
12/15/17
10/15/17
N/A
N/A
08/07/14
10/15/14
02/21/15
N/A
10/15/12
N/A
N/A
12/01/17
N/A
08/25/10
06/03/10
04/16/10
05/15/18
12/31/49
N/A
N/A
07/15/16
N/A
10/15/14
03/15/18
03/15/20
09/16/10
09/15/17
04/15/12
03/01/36
N/A
09/15/16
06/01/16
N/A
N/A
07/15/37
07/15/34

Portfolio Holdings for Franklin Income Fund as of March 31, 2010
Shares/
Positions

Market Value

201,050,000
227,347,163
80,000,000
50,000,000
6,000,000
65,000,000
75,000,000
13,684,210
11,800,000
113,117,105
212,525,000
2,112,650
4,084,845
11,871,333
55,000,000
158,000,000
165,000,000
183,000,000
188,065,000
220,000,000
6,200,000
46,506,000
537,786,282
28,700,000
116,050,000
50,000,000
145,000,000
5,000,000
11,850,000
1,250,000
375,000,000
11,200,000
42,450,000
80,850,000
5,300,000
7,500,000
8,000,000
30,000,000
65,000,000
31,200,000
35,000,000
32,800,000
67,300,000
40,000,000

$209,594,625
$272,248,227
$82,400,000
$52,000,000
$86,160,000
$67,112,500
$72,187,500
$12,486,842
$12,655,500
$102,512,376
$221,557,312
$11,725,207
$140,927,152
$409,560,988
$57,612,500
$154,445,000
$157,987,500
$177,967,500
$189,005,325
$240,350,000
$157,572,380
$188,349,300
$438,715,831
$29,955,625
$121,852,500
$51,125,000
$148,625,000
$95,006,500
$13,438,966
$25,000,000
$389,062,500
$573,104,000
$43,829,625
$83,477,625
$236,062,000
$87,687,750
$97,941,600
$31,275,000
$66,462,500
$31,746,000
$38,062,500
$33,989,000
$72,011,000
$40,450,000

Security Name
CASE NEW HOLLAND INC
CCH II LLC/CCH II CAPITAL CORP
CCO HLDGS LLC / CCO HLDGS CAP
CEMEX FINANCE LLC
CENTERPOINT ENERGY INC
CEQUEL COMMUNICATIONS HOLDINGS
CERIDIAN CORP
CEVA GROUP PLC
CEVA GROUP PLC
CEVA GROUP PLC
CEVA GROUP PLC
CHARTER COMMUNICATIONS INC
CHARTER COMMUNICATIONS INC
CHARTER COMMUNICATIONS INC
CHESAPEAKE ENERGY CORP
CHESAPEAKE ENERGY CORP
CHESAPEAKE ENERGY CORP
CHESAPEAKE ENERGY CORP
CHESAPEAKE ENERGY CORP
CHESAPEAKE ENERGY CORP
CHK 12% ELN'S ISSUED BY DEUTSC
CITIGROUP INC
CLEAR CHANNEL COMMUNICATIONS I
CLEAR CHANNEL WORLDWIDE HLDGS
CLEAR CHANNEL WORLDWIDE HLDGS
CLEARWIRE COMMUNICATIONS LLC/F
CLEARWIRE CORPORATION
CMCSA 8% ELN'S ISSUED BY JP MO
CMS ENERGY CORP
COLONY FINANCIAL INC
COMMUNITY HEALTH SYSTEMS INC
CONOCOPHILLIPS
CONSOL ENERGY INC
CONSOL ENERGY INC
CONSOLIDATED EDISON INC
CPN 8% ELN'S ISSUED BY BARCLAY
CPN 8% ELN'S ISSUED BY CREDIT
CRICKET COMMUNICATIONS INC
CRICKET COMMUNICATIONS INC
CROWN CASTLE INTERNATIONAL COR
CROWN CASTLE INTERNATIONAL COR
CRTX ENRG/CRTX ENRG FINC
CSC HOLDINGS INC
DAVITA INC

Page 2 of 10

Coupon Maturity
Rate
Date
7.75%
13.5%
8.75%
9.5%
N/A
8.625%
11.25%
FLOATER
11.625%
FLOATER
11.5%
N/A
N/A
N/A
7.625%
6.875%
6.25%
6.5%
7.25%
9.5%
N/A
N/A
FLOATER
9.25%
9.25%
12%
12%
N/A
8.75%
N/A
8.875%
N/A
8%
8.25%
N/A
N/A
N/A
7.75%
9.375%
7.125%
9%
8.875%
8.5%
6.625%

09/01/13
11/30/16
11/15/13
12/14/16
N/A
11/15/17
11/15/15
08/01/12
10/01/16
08/01/12
04/01/18
11/30/14
N/A
N/A
07/15/13
11/15/20
01/15/18
08/15/17
12/15/18
02/15/15
11/04/10
N/A
11/13/15
12/15/17
12/15/17
12/01/15
12/01/15
12/14/10
06/15/19
N/A
07/15/15
N/A
04/01/17
04/01/20
N/A
09/10/10
02/10/11
05/15/16
11/01/14
11/01/19
01/15/15
02/15/18
04/15/14
03/15/13

Portfolio Holdings for Franklin Income Fund as of March 31, 2010
Shares/
Positions

Market Value

70,000,000
83,150,000
110,000,000
77,700,000
7,235,086
81,136,340
10,242,757
10,000,000
65,000,000
140,000,000
40,000,000
55,000,000
326,698,000
10,500,000
4,250,000
34,000,000
24,400,000
35,500,000
37,500,000
1,600,000
105,000,000
115,000,000
170,000,000
250,000,000
64,500,000
130,000,000
245,000,000
50,000,000
161,600,000
250,000,000
190,000,000
344,500,000
406,220,000
56,800,000
13,000,000
2,399,400
3,000,000
3,239,000
1,250,000
16,608,000
11,784,000
4,700
157,450,000
3,000,000

$71,750,000
$88,139,000
$118,525,000
$82,750,500
$6,919,679
$83,164,748
$285,977,775
$167,923,970
$63,943,750
$146,300,000
$40,525,000
$64,350,000
$360,184,545
$431,655,000
$189,550,000
$554,880,000
$27,258,289
$35,547,463
$36,899,025
$96,456,320
$79,800,000
$95,450,000
$141,950,000
$208,750,000
$62,686,260
$136,500,000
$250,818,750
$51,845,350
$189,880,000
$246,902,500
$142,025,000
$235,982,500
$298,508,329
$57,651,318
$870,740,000
$2,639,340
$2,790,000
$5,263,375
$103,277,375
$21,092,160
$14,965,680
$16,215,000
$162,960,750
$54,300,000

Security Name
DAVITA INC
DELTA AIR LINES INC
DELTA AIR LINES INC
DENBURY RESOURCES INC
DEX MEDIA WEST
DEX ONE CORP
DEX ONE CORP
DIAGEO PLC
DIGICEL GROUP LTD
DISH DBS CORP
DIVERSEY INC
DOLLAR GENERAL CORP
DOLLAR GENERAL CORP
DOMINION RESOURCES INC
DTE ENERGY COMPANY
DUKE ENERGY CORP
DUKE REALTY LP
DUKE REALTY LP
DUKE REALTY LP
DVN 10.55% YES NOTES ISSUED BY
DYNEGY HOLDINGS INC
DYNEGY HOLDINGS INC
DYNEGY HOLDINGS INC
DYNEGY HOLDINGS INC
DYNEGY ROSETON DANSKAMMER PASS
ECHOSTAR DBS CORP
ECHOSTAR DBS CORP
EL PASO CORP
EL PASO CORP
EL PASO CORP
ENERGY FUTURE HOLDINGS CORP
ENERGY FUTURE HOLDINGS CORP
ENERGY FUTURE HOLDINGS CORP
EXPRO FINANCE LUXEMBOURG
EXXON MOBIL CORP
FANNIE MAE
FANNIE MAE
FANNIE MAE
FCX 9% PERQS ISSUED BY MORGAN
FEDERAL HOME LOAN MORTGAGE COR
FEDERAL NATIONAL MORTGAGE ASSO
FEDERAL NATIONAL MORTGAGE ASSO
FELCOR LODGING LP
FELCOR LODGING TRUST INC

Page 3 of 10

Coupon Maturity
Rate
Date
7.25%
9.5%
12.25%
8.25%
FLOATER
12%
N/A
N/A
8.875%
7.875%
FLOATER
11.875%
10.625%
N/A
N/A
N/A
8.25%
6.5%
5.95%
N/A
7.75%
7.5%
7.5%
8.375%
7.67%
7.75%
7.125%
7.25%
12%
7.75%
10.875%
12%
5.55%
8.5%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
10%
N/A

03/15/15
09/15/14
03/15/15
02/15/20
10/24/14
01/29/17
N/A
N/A
01/15/15
09/01/19
11/24/15
07/15/17
07/15/15
N/A
N/A
N/A
08/15/19
01/15/18
02/15/17
07/21/10
06/01/19
06/01/15
06/01/15
05/01/16
11/08/16
05/31/15
02/01/16
06/01/18
12/12/13
01/15/32
11/01/17
11/01/17
11/15/14
12/15/16
N/A
N/A
N/A
05/13/11
03/31/11
N/A
N/A
12/31/49
10/01/14
12/31/49

Portfolio Holdings for Franklin Income Fund as of March 31, 2010
Shares/
Positions

Market Value

80,000,000
243,749,999
273,000,000
326,771,615
2,800,000
20,000,000
25,000,000
47,700,000
75,000,000
120,000,000
185,000,000
190,000,000
200,000,000
243,000,000
395,000,000
400,000,000
42,250,000
1,000,000
47,875,000
115,000,000
900,000
7,375,000
62,244,671
100,000,000
176,000,000
380,000,000
353,531,239
687,800
160,000,000
267,636
300,000,000
31,706,000
4,000,000
100,000,000
150,000,000
36,898,996
51,700,000
79,320,000
169,455,000
165,000,000
195,000,000
190,000,000
300,000,000
10,500,000

$68,600,000
$216,203,568
$236,827,500
$289,192,880
$109,452,000
$21,650,000
$25,888,275
$50,120,536
$79,568,850
$143,497,560
$191,339,765
$193,127,253
$206,000,000
$235,996,300
$409,231,455
$421,473,200
$39,503,750
$56,180,000
$48,353,750
$121,900,000
$45,634,500
$356,433,750
$58,899,020
$107,500,000
$156,640,000
$364,800,000
$365,021,004
$84,776,164
$163,000,000
$204,022,268
$308,250,000
$29,010,990
$94,922,000
$103,659,700
$162,375,000
$35,932,907
$52,540,125
$79,716,600
$161,829,525
$173,146,875
$185,981,250
$205,318,750
$319,687,500
$10,716,132

Security Name
FIRST DATA CORP
FIRST DATA CORP
FIRST DATA CORP
FIRST DATA CORP
FIRSTENERGY CORP
FORD MOTOR CREDIT CO LLC
FORD MOTOR CREDIT CO LLC
FORD MOTOR CREDIT CO LLC
FORD MOTOR CREDIT CO LLC
FORD MOTOR CREDIT CO LLC
FORD MOTOR CREDIT CO LLC
FORD MOTOR CREDIT CO LLC
FORD MOTOR CREDIT CO LLC
FORD MOTOR CREDIT CO LLC
FORD MOTOR CREDIT CO LLC
FORD MOTOR CREDIT CO LLC
FOREST CITY ENTERPRISES INC
FOREST CITY ENTERPRISES INC
FOREST OIL CORP
FOREST OIL CORP
FPL GROUP INC
FPL GROUP INC
FREESCALE SEMICONDUCTOR INC
FREESCALE SEMICONDUCTOR INC
FREESCALE SEMICONDUCTOR INC
FREESCALE SEMICONDUCTOR INC
FREESCALE SEMICONDUCTOR INC
FSLR 10% ELN'S ISSUED BY JPMOR
GMAC INC
GMAC INC
GMAC INC
GREENBRIER COMPANIES INC
HAL 12% ELN'S ISSUED BY CREDIT
HARRAHS OPERATING CO INC
HARRAHS OPERATING CO INC
HCA INC
HCA INC
HCA INC
HCA INC
HCA INC
HCA INC
HCA INC
HCA INC
HCP INC

Page 4 of 10

Coupon Maturity
Rate
Date
9.875%
FLOATER
9.875%
FLOATER
N/A
8.7%
7%
8.125%
9.875%
12%
7.25%
5.507%
7.375%
3.0013%
7.5%
8%
7.625%
N/A
7.25%
8.5%
N/A
N/A
FLOATER
10.125%
10.125%
8.875%
FLOATER
N/A
6.875%
N/A
8%
8.375%
N/A
FLOATER
11.25%
FLOATER
7.25%
6.75%
6.375%
7.875%
6.5%
8.5%
9.25%
6.7%

09/24/15
09/24/14
09/24/15
09/24/14
N/A
10/01/14
10/01/13
01/15/20
08/10/11
05/15/15
10/25/11
06/15/11
02/01/11
01/13/12
08/01/12
06/01/14
06/01/15
12/31/49
06/15/19
02/15/14
06/01/12
N/A
12/01/13
03/15/18
12/15/16
12/15/14
12/15/14
02/16/11
08/28/12
N/A
03/15/20
05/15/15
07/22/10
10/01/16
06/01/17
11/19/12
09/15/20
07/15/13
01/15/15
02/15/20
02/15/16
04/15/19
11/15/16
01/30/18

Portfolio Holdings for Franklin Income Fund as of March 31, 2010
Shares/
Positions

Market Value

15,040,000
33,325,000
140,000,000
445,000,000
35,000,000
35,000,000
85,500,000
110,000,000
120,956,000
125,750,000
190,000,000
240,000,000
35,000,000
15,000,000
35,000,000
105,000,000
105,000,000
120,000,000
40,000,000
190,000,000
7,500,000
9,653,000
80,000,000
58,300,000
171,500,000
6,142,000
5,213,500
117,350,000
174,100,000
250,000,000
10,600,000
61,651,580
134,500,000
5,000,000
49,200,000
30,000,000
10,250,000
865,000,000
49,000,000
70,500,000
75,000,000
90,000,000
53,700,000
88,000,000

$14,680,483
$33,221,359
$151,025,000
$459,462,500
$34,650,000
$36,225,000
$87,423,750
$111,650,000
$116,420,150
$136,438,750
$191,425,000
$239,400,000
$355,031,661
$14,962,500
$35,525,000
$95,287,500
$101,587,500
$116,025,000
$46,750,000
$201,985,156
$144,037,500
$216,215,616
$82,800,000
$59,738,202
$175,806,536
$6,149,677
$23,929,965
$117,936,750
$150,596,500
$190,125,000
$11,156,500
$61,747,633
$154,002,500
$326,000,000
$53,874,000
$31,162,500
$458,687,500
$925,293,960
$51,940,000
$67,856,250
$73,125,000
$86,850,000
$76,270,364
$91,410,000

Security Name
HCP INC
HCP INC
HERTZ CORP
HERTZ CORP
HEXION FIN/HEXION ESCROW
HOLLY CORP
HOST HOTELS & RESORTS LP
HOST HOTELS & RESORTS LP
HOST HOTELS & RESORTS LP
HOST HOTELS & RESORTS LP
HOST HOTELS & RESORTS LP
HOST HOTELS & RESORTS LP
HSBC HOLDINGS PLC
HUNTSMAN INTL LLC
HUNTSMAN INTL LLC
HUNTSMAN INTL LLC
ICAHN ENTERPRISES/FIN
ICAHN ENTERPRISES/FIN
IMS HEALTH INC
INEOS GROUP HLDGS PLC
INTC 10% YES NOTES ISSUED BY G
INTC 8% YEELDS ISSUED BY BARCL
INTERGEN NV
INTERNATIONAL LEASE FINANCE CO
INTERNATIONAL LEASE FINANCE CO
ISTAR FINANCIAL INC
ISTAR FINANCIAL INC
ISTAR FINANCIAL INC
ISTAR FINANCIAL INC
ISTAR FINANCIAL INC
JARDEN CORP
JARDEN CORP
JBS USA LLC
JOHNSON & JOHNSON
JOHNSONDIVERSEY HOLDINGS INC
JOHNSONDIVERSEY INC
JPMORGAN CHASE & CO
JPMORGAN CHASE & CO
KB HOME
KB HOME
KB HOME
KB HOME
KERLING PLC
LBI ESCROW CORP

Page 5 of 10

Coupon Maturity
Rate
Date
5.625%
6%
10.5%
8.875%
8.875%
9.875%
7.125%
6.875%
2.625%
9%
6.75%
6.375%
N/A
7.375%
7.875%
5.5%
8%
7.75%
12.5%
7.875%
N/A
N/A
9%
8.625%
8.75%
8%
N/A
10%
8.625%
0.7909%
8%
FLOATER
11.625%
N/A
10.5%
8.25%
N/A
7.9%
9.1%
7.25%
5.75%
6.25%
10.625%
8%

05/01/17
01/30/17
01/01/16
01/01/14
02/01/18
06/15/17
11/01/13
11/01/14
04/15/27
05/15/17
06/01/16
03/15/15
N/A
01/01/15
11/15/14
06/30/16
01/15/18
01/15/16
03/01/18
02/15/16
06/03/10
03/02/11
06/30/17
09/15/15
03/15/17
03/15/11
N/A
06/15/14
06/01/13
10/01/12
05/01/16
01/24/12
05/01/14
N/A
05/15/20
11/15/19
N/A
04/30/18
09/15/17
06/15/18
02/01/14
06/15/15
01/28/17
11/01/17

Portfolio Holdings for Franklin Income Fund as of March 31, 2010
Shares/
Positions

Market Value

Coupon Maturity
Rate
Date

550,000
1,000,650
103,900,000
100,000,000
75,941,000
21,400,000
100,000,000
140,900,000
63,800,000
11,300,000
46,500,000
48,900,000
23,000,000
25,000,000
35,375,000
40,000,000
70,000,000
48,235,000
11,000,000
510,000,000
29,650,000
380,000,000
33,300,000
2,108,000
3,044,000
47,900,000
57,975,000
63,900,000
64,150,000
7,600,000
120,000,000
128,000,000
52,800,000
50,000,000
75,000,000
2,800,000
40,000
40,177,777
97,924,671
3,000,000
70,000,000
43,850,000
2,500,000
85,000,000

$1,210,000
$2,491,618
$134,031,000
$113,000,000
$76,422,465
$23,968,000
$100,375,000
$100,039,000
$66,830,500
$12,740,750
$47,081,250
$48,288,750
$859,050,000
$24,250,000
$36,613,125
$40,450,000
$63,700,000
$51,129,100
$95,148,900
$193,800,000
$31,651,375
$393,300,000
$34,132,500
$107,109,588
$158,697,418
$49,456,750
$59,279,437
$64,219,500
$64,951,875
$7,752,000
$121,500,000
$130,880,000
$36,894,000
$50,000,000
$77,062,500
$44,240,000
$1,620,000
$43,291,554
$95,039,418
$136,140,000
$65,800,000
$46,261,750
$165,400,000
$89,143,750

N/A
07/01/11
N/A
12/31/49
4.5%
11/15/16
10.75% 06/15/2088
3.5%
05/15/14
8.5%
06/15/19
8.625% 04/15/20
6.45%
03/15/29
9.5%
02/15/18
11.75% 06/30/16
7.5%
04/15/13
8%
05/15/17
N/A
N/A
11.375% 03/01/18
9%
03/15/20
8.5%
09/15/10
6.75%
04/01/13
10%
11/01/14
N/A
07/15/33
8.375% 07/15/33
8.25%
05/15/17
9%
02/01/14
8.25%
11/01/21
N/A
08/20/10
N/A
01/21/11
7.875% 04/15/15
8.25%
04/15/17
8.75%
04/15/22
8.5%
04/15/20
7.125% 05/15/18
6.875% 02/01/20
6.625% 04/15/16
10%
05/01/12
11.375% 12/31/14
8.875% 03/15/18
N/A
N/A
N/A
N/A
11%
12/01/13
FLOATER 07/07/14
N/A
N/A
7.875% 12/15/14
7.375% 05/15/16
N/A
N/A
9.125% 07/15/13

Security Name
LEHMAN BROTHERS HOLDINGS INC
LEHMAN BROTHERS HOLDINGS INC
LIBERTY GLOBAL INC
LIBERTY MUTUAL GROUP
LIFEPOINT HOSPITALS INC
LIMITED BRANDS INC
LINN ENERGY CORP
LUCENT TECHNOLOGIES INC
MANITOWOC CO INC
MARINER ENERGY INC
MARINER ENERGY INC
MARINER ENERGY INC
MERCK & CO INC
MGM MIRAGE
MGM MIRAGE
MGM MIRAGE
MGM MIRAGE
MICHAELS STORES INC
MOTORS LIQUIDATION CO
MOTORS LIQUIDATION CO
NALCO CO
NALCO FINANCE HOLDINGS
NAVISTAR INTERNATIONAL CORP
NEM 10% ELN'S ISSUED BY DEUTSC
NEM 8.5% ELN'S ISSUED BY BARCL
NEW COMMUNICATIONS HLDGS
NEW COMMUNICATIONS HLDGS
NEW COMMUNICATIONS HLDGS
NEW COMMUNICATIONS HLDGS
NEWFIELD EXPLORATION COMPANY
NEWFIELD EXPLORATION COMPANY
NEWFIELD EXPLORATION COMPANY
NEWPAGE CORP
NEWPAGE CORP
NISKA GAS STORAGE US/CAN
NISOURCE INC
NORTEK INC
NORTEK INC
NOVELIS CORPORATION (US)
NUCOR CORP
OPTI CANADA INC
OWENS-BROCKWAY GLASS CONTAINER
PEPSICO INC
PETROHAWK ENERGY CORP

Page 6 of 10

Portfolio Holdings for Franklin Income Fund as of March 31, 2010
Shares/
Positions

Market Value

129,050,000
141,000,000
92,050,000
94,930,000
120,000,000
11,500,000
4,500,000
15,000,000
110,000,000
50,000,000
80,000,000
95,500,000
2,400,000
2,000,000
9,400,000
55,000,000
15,000,000
26,800,000
90,000,000
100,000,000
36,500,000
17,350,000
40,369,176
98,206,000
97,000,000
173,274,000
20,000,000
150,000,000
180,000,000
58,000,000
30,000,000
100,000,000
275,000,000
37,995,000
68,925,000
85,150,000
106,300,000
232,500,000
100,000,000
150,000,000
25,000,000
6,500,000
117,000,000
25,000,000

$143,084,187
$144,348,750
$79,623,250
$86,860,950
$108,600,000
$487,830,000
$169,785,000
$15,071,700
$110,488,510
$53,250,000
$88,800,000
$97,290,625
$46,344,000
$55,420,000
$369,984,000
$57,466,585
$442,800,000
$30,820,000
$94,950,000
$102,250,000
$37,868,750
$19,605,500
$39,632,439
$102,625,270
$104,517,500
$181,071,330
$20,650,000
$141,000,000
$162,450,000
$58,435,000
$31,950,000
$94,500,000
$244,062,500
$37,140,112
$63,235,448
$83,447,000
$109,754,750
$222,037,500
$101,125,000
$150,750,000
$25,777,575
$324,350,000
$115,245,000
$26,000,000

Security Name
PETROHAWK ENERGY CORP
PETROHAWK ENERGY CORP
PETROPLUS FINANCE LTD
PETROPLUS FINANCE LTD
PETROPLUS FINANCE LTD
PG&E CORP
PINNACLE WEST CAPITAL CORP
PIONEER NATURAL RESOURCES CO
PIONEER NATURAL RESOURCES CO
PLAINS EXPLORATION & PRODUCTIO
PLAINS EXPLORATION & PRODUCTIO
PLAINS EXPLORATION & PRODUCTIO
PORTLAND GENERAL ELECTRIC CO
PPL CORP
PROGRESS ENERGY INC
PUBLIC SERVICE CO OF NEW MEXIC
PUBLIC SERVICE ENTERPRISE GROU
QUICKSILVER RESOURCES INC
QUICKSILVER RESOURCES INC
QUINTILES TRANSNATIONAL CORP
QWEST COMMUNICATIONS INTERNATI
QWEST CORP
R H DONNELLEY INC
RBS GLOBAL & REXNORD CORP
RBS GLOBAL & REXNORD CORP
RBS GLOBAL & REXNORD CORP
REYNOLDS GROUP ESCROW
RRI ENERGY INC
RRI ENERGY INC
RSC EQUIP RENT/RSC HLDGS
RSC EQUIPMENT RENTAL INC
SABINE PASS LNG LP
SABINE PASS LNG LP
SANDRIDGE ENERGY INC
SANDRIDGE ENERGY INC
SANDRIDGE ENERGY INC
SANDRIDGE ENERGY INC
SANDRIDGE ENERGY INC
SANMINA-SCI CORP
SANMINA-SCI CORP
SEACOR HOLDINGS INC
SEMPRA ENERGY
SESI LLC
SEVERSTAL COLUMBUS LLC

Page 7 of 10

Coupon Maturity
Rate
Date
10.5%
7.875%
7%
9.375%
6.75%
N/A
N/A
6.65%
6.875%
8.625%
10%
7.75%
N/A
N/A
N/A
7.95%
N/A
11.75%
9.125%
9.5%
7.125%
8.375%
FLOATER
9.5%
11.75%
9.5%
7.75%
7.625%
7.875%
10.25%
10%
7.25%
7.5%
8.625%
3.9159%
8.75%
9.875%
8%
8.125%
6.75%
7.375%
N/A
6.875%
10.25%

08/01/14
06/01/15
05/01/17
09/15/19
05/01/14
N/A
N/A
03/15/17
05/01/18
10/15/19
03/01/16
06/15/15
N/A
N/A
N/A
05/15/18
N/A
01/01/16
08/15/19
12/30/14
04/01/18
05/01/16
10/24/14
08/01/14
08/01/16
08/01/14
10/15/16
06/15/14
06/15/17
11/15/19
07/15/17
11/30/13
11/30/16
04/01/15
04/01/14
01/15/20
05/15/16
06/01/18
03/01/16
03/01/13
10/01/19
N/A
06/01/14
02/15/18

Portfolio Holdings for Franklin Income Fund as of March 31, 2010
Shares/
Positions

Market Value

21,000,000
11,500,000
90,200,000
35,000,000
55,000,000
85,000,000
30,326,100
127,517
27,503,637
108,500,000
270,739,846
36,250,000
2,500,000
10,000,000
30,000,000
30,000,000
115,000,000
250,000
300,000,000
300,000,000
446,365,000
185,000,000
37,000,000
41,400,000
100,000,000
100,428,556
171,676,824
209,737,500
290,000,000
268,812,499
425,000,000
740,000,000
50,000,000
59,820,000
40,000,000
20,000,000
26,500,000
293,555,406
23,100,000
52,700,000
43,900,000
90,093,895
15,000,000
40,000,000

$696,360,000
$259,095,000
$91,102,000
$36,050,000
$60,225,000
$89,781,250
$341,168
$5,215,445
$25,879,217
$110,398,750
$270,739,846
$36,612,500
$131,500,000
$158,900,000
$32,025,000
$32,625,000
$121,181,250
$258,137,500
$324,750,000
$337,500,000
$453,060,475
$180,837,500
$34,225,000
$43,470,000
$92,407,100
$82,721,094
$141,365,221
$168,911,466
$203,000,000
$218,949,931
$293,250,000
$518,000,000
$51,500,000
$57,875,850
$40,300,000
$17,864,940
$29,150,000
$254,659,314
$33,081,808
$54,676,250
$61,683,535
$85,814,434
$15,675,000
$42,000,000

Security Name
SOUTHERN CO
SPECTRA ENERGY CORPORATION
SPRINT NEXTEL CORP
SUNGARD DATA SYSTEMS INC
SUNGARD DATA SYSTEMS INC
SUNGARD DATA SYSTEMS INC
SUPERMEDIA INC
SUPERMEDIA INC
SUPERMEDIA INC
SUPERVALU INC
SWEEP MONEYMARKET PORTFOLIO
TALECRIS BIOTHERAPEUTICS HOLDI
TARGET CORP
TECO ENERGY INC
TENET HEALTHCARE CORP
TENET HEALTHCARE CORP
TENET HEALTHCARE CORP
TENET HEALTHCARE CORP
TENET HEALTHCARE CORP
TENET HEALTHCARE CORP
TENET HEALTHCARE CORP
TEREX CORP
TESORO CORPORATION
TESORO CORPORATION
TESORO CORPORATION
TEXAS COMPETITIVE ELECTRIC HOL
TEXAS COMPETITIVE ELECTRIC HOL
TEXAS COMPETITIVE ELECTRIC HOL
TEXAS COMPETITIVE ELECTRIC HOL
TEXAS COMPETITIVE ELECTRIC HOL
TEXAS COMPETITIVE ELECTRIC HOL
TEXAS COMPETITIVE ELECTRIC HOL
TRANSDIGM INC
UNITED RENTALS NORTH AMERICA I
UNITED STATES STEEL CORP
UNIVISION COMMUNICATIONS INC
UNIVISION COMMUNICATIONS INC
UNIVISION COMMUNICATIONS INC
UPC GERMANY GMBH
UPC GERMANY GMBH
UPC GERMANY GMBH
US ONCOLOGY HOLDINGS INC
US ONCOLOGY INC
US ONCOLOGY INC

Page 8 of 10

Coupon Maturity
Rate
Date
N/A
N/A
8.375%
9.125%
10.625%
10.25%
N/A
N/A
FLOATER
8%
N/A
7.75%
N/A
N/A
9.875%
8.875%
9.25%
N/A
9%
10%
7.375%
8%
6.5%
9.75%
7.5%
FLOATER
FLOATER
FLOATER
10.25%
FLOATER
11.25%
10.25%
7.75%
7.75%
7.375%
FLOATER
12%
10.5%
9.625%
8.125%
8.125%
6.6434%
10.75%
9.125%

N/A
N/A
08/15/17
08/15/13
05/15/15
08/15/15
N/A
N/A
12/31/15
05/01/16
N/A
11/15/16
N/A
N/A
07/01/14
07/01/19
02/01/15
10/01/12
05/01/15
05/01/18
02/01/13
11/15/17
06/01/17
06/01/19
07/17/12
10/10/14
10/10/14
10/10/14
11/01/15
10/10/14
11/01/16
11/01/15
07/15/14
11/15/13
04/01/20
09/29/14
07/01/14
03/15/15
12/01/19
12/01/17
12/01/17
03/15/12
08/15/14
08/15/17

Portfolio Holdings for Franklin Income Fund as of March 31, 2010
Shares/
Positions

Market Value

Coupon Maturity
Rate
Date

151,000,000
9,000,000
49,250,000
74,800,000
70,000,000
50,000,000
175,000,000
192,500,000
490,000
21,575,000
44,500,000
449,600,000
25,000,000
25,000,000
3,000,000
6,315,000
7,350,000
30,200,000
70,750,000
12,700,000
21,727,000
25,000,000
18,500,000
4,000,000
13,400,000
3,600,000

$147,602,500
$279,180,000
$50,789,062
$82,093,000
$108,673,698
$51,500,000
$404,000,629
$181,912,500
$478,730,000
$671,414,000
$46,168,750
$505,800,000
$22,625,000
$22,625,000
$90,260,100
$105,749,727
$129,617,250
$33,673,000
$70,042,500
$13,636,625
$21,541,190
$28,416,425
$392,200,000
$101,810,400
$123,417,752
$166,793,760

8%
N/A
8.875%
9.5%
7%
8.75%
N/A
8.25%
N/A
N/A
7.7%
9.75%
11.25%
10.75%
N/A
N/A
N/A
11.75%
7.875%
9.5%
6%
9.875%
N/A
N/A
N/A
N/A

Security Name
VANGUARD HEALTH HOLDING COMPAN
VERIZON COMMUNICATIONS INC
VIASAT INC
VIRGIN MEDIA FINANCE PLC
VIRGIN MEDIA SECURED FINANCE
VISANT HOLDING CORP
VODAFONE GROUP PLC
W&T OFFSHORE INC
WELLS FARGO & CO
WELLS FARGO & CO
WELLS FARGO CAPITAL XIII
WELLS FARGO CAPITAL XV
WESTERN REFINING INC
WESTERN REFINING INC
WFC 8% PERQS ISSUED BY MORGAN
WFT 11% ELN'S ISSUED BY CREDIT
WFT 12% YEELDS ISSUED BY BARCL
WIND ACQUISITION FIN SA
WINDSTREAM CORP
WMG ACQUISITION CORP (WARNER M
WYNDHAM WORLDWIDE CORP
WYNDHAM WORLDWIDE CORP
XCEL ENERGY INC
XLNX 8% PERQS ISSUED BY MORGAN
XRX 12% ELN'S ISSUED BY GOLDMA
XTO 9% YES NOTES ISSUED BY GOL

Page 9 of 10

02/01/18
N/A
09/15/16
08/15/16
01/15/18
12/01/13
N/A
06/15/14
12/31/49
N/A
03/26/13
09/26/13
06/15/17
06/15/14
09/08/10
09/03/10
N/A
07/15/17
11/01/17
06/15/16
12/01/16
05/01/14
N/A
03/02/11
11/19/10
08/20/10

Portfolio Holdings for Franklin Income Fund as of March 31, 2010
Security Name

Shares/
Positions

Market Value

Coupon Maturity
Rate
Date

Important Legal Information
• Portfolio holdings are subject to change without notice and may not represent current or future portfolio
composition. The portfolio data is “as of” the date indicated and we disclaim any responsibility to update the
information.
• Unlike the fund’s regulatory filings, the portfolio data and its presentation in this document are not required to
conform to Generally Accepted Accounting Principles (GAAP) and Securities and Exchange Commission (SEC)
presentation requirements. Therefore, it differs from that in the complete statement of investments in the annual and
semiannual report to shareholders filed with the SEC on Form N-CSR, and the complete statement of investments
provided in the first and third quarter SEC Form N-Q filings for each fiscal year.
• The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security
or fund, nor should it be taken as a solicitation or a recommendation to buy or sell securities or other
investments.
• Investors should carefully consider a fund's investment goals, risks, charges and expenses before
investing. To obtain a prospectus, which contains this and other information, talk to your financial advisor,
call us at 1-800/DIAL BEN (1-800/342-5236) or visit our website at franklintempleton.com. Please read the
prospectus carefully before investing. Franklin Templeton Distributors Inc., One Franklin Parkway, San
Copyright © 2004. Franklin Templeton Investments ©. All rights reserved.

Page 10 of 10