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FRANKLIN UNIVERSAL TRUST Director's Dealing 2004

May 26, 2004

33698_dirs_2004-05-26_19abff7f-55ca-47c3-9145-c4e4c4df737f.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: FRANKLIN UNIVERSAL TRUST (FUT)
CIK: 0000833040
Period of Report: 2004-05-13

Reporting Person: Vetter Galen G (CFO and CAO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0	Direct