Filed Pursuant to Rule 424(b)(3)

-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CcAAIxvhbQzf56rfZJxh69GkpWEAq+YVP6jcfbepBteyN10xIlpJVG0uBD8cG8Oq 2iaueLLes5gbtQGQadvnqw== 0000038723-11-000001.txt : 20110106 0000038723-11-000001.hdr.sgml : 20110106 20110105175139 ACCESSION NUMBER: 0000038723-11-000001 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110106 DATE AS OF CHANGE: 20110105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: 1st FRANKLIN FINANCIAL CORP CENTRAL INDEX KEY: 0000038723 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 580521233 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-150223 FILM NUMBER: 11512032 BUSINESS ADDRESS: STREET 1: 135 E TUGALO ST STREET 2: P O BOX 880 CITY: TOCCOA STATE: GA ZIP: 30577 BUSINESS PHONE: 4048867571 MAIL ADDRESS: STREET 1: 135 EAST TUGALO STREET STREET 2: PO BOX 880 CITY: TOCCOA STATE: GA ZIP: 30577 FORMER COMPANY: FORMER CONFORMED NAME: FIRST FRANKLIN FINANCIAL CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FRANKLIN DISCOUNT CO DATE OF NAME CHANGE: 19840115 424B3 1 prospectussupplement.htm VARIABLE RATE SUBORDINATED DEBENTURE PROSPECTUS SUPPLEMENT Filed Pursuant to Rule 424(b)(3)


Filed Pursuant to Rule 424(b)(3)
SEC File #333-150223

1^st FRANKLIN FINANCIAL CORPORATION

VARIABLE RATE
SUBORDINATED DEBENTURES

PERIODS OF JANUARY 6, 2011 THRU JANUARY 12, 2011
AND
JANUARY 13, 2011 THRU JANUARY 19, 2011


Period of January 6, 2011 Thru January 12, 2011
		Effective Yield (a)	Interest Rate (b)	Interest Adjustment Period (c)	Minimum Investment Amount

		2.02	2.00	1 Month	$500.00
		2.02	2.00	3 Months	$500.00
		3.20	3.15	6 Months	$500.00
		3.46	3.40	1 Year	$500.00
		3.61	3.55	2 Years	$500.00
		4.34	4.25	4 Years	$500.00

Period of January 13, 2011 Thru January 19, 2011
		Effective Yield (a)	Interest Rate (b)	Interest Adjustment Period (c)	Minimum Investment Amount

		2.02	2.00	1 Month	$500.00
		2.02	2.00	3 Months	$500.00
		3.20	3.15	6 Months	$500.00
		3.46	3.40	1 Year	$500.00
		3.61	3.55	2 Years	$500.00
		4.34	4.25	4 Years	$500.00

(a)	Compounded daily based on 365/366 year.
(b)	Interest is earned daily, and will be paid promptly upon a holder’s request, otherwise principal and interest are payable at maturity.
(c)	At the end of this period, the interest rate will be adjusted. Debentures mature four years from their date of issue, subject to earlier redemption as provided for therein. Redemption at any other time is at the discretion of the Company and is subject to an interest penalty. Absent redemption by the holder at maturity, the term of the Debenture will be extended for one four-year period, subject to the same redemption rights.

This is not an offer to sell, or the solicitation of an offer to purchase, these securities. Any offer or sale will be made only by a prospectus, which is available by visiting us at 135 East Tugalo Street, Toccoa, Georgia, by writing us at P.O. Box 880, Toccoa, Georgia 30577 or by calling us at (706) 886-7571 or (800) 282-0709 (in GA) or (800) 700-7943 (outside of GA).

We are not a bank, and investments are not bank deposits or obligations and are not insured by the FDIC, SPIC or any other federal or state agency. Investors must rely on the Company’s ability to pay principal and interest on the Debentures.

Prospectus Supplement Dated January 6, 2011

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