Calculation of Filing Fee Tables

FORM N-2

(Form Type)

Franklin Income Opportunities Fund

(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered and Carry Forward Securities

Security Type

Security Class Title

Fee Calculation or Carry Forward Rule

Amount Registered

Proposed Maximum Offering Price Per Unit(1)

Maximum Aggregate Offering Price(1)

Fee Rate

Amount of Registration Fee

Carry Forward Form Type

Carry Forward File Number

Carry Forward Initial effective date

Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward

Newly Registered Securities

Fees to Be Paid

Fees Previously Paid

Equity

Common Stock

457(o)

$1,000,000

$92.70

$92.70

Carry Forward Securities

Carry Forward Securities

Total Offering Amounts

$1,000,000

$92.70

Total Fees Previously Paid

$92.70

Total Fee Offsets

Net Fee Due

$0

(1) Estimated solely for purposes of calculating the registration fee.