FRANKLIN/TEMPLETON GROUP OF FUNDS
777 Mariners Island Boulevard
San Mateo, California 94404






February 22, 1995


Filed Via EDGAR (CIK #802669)
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C.   20549

Re:  Rule 24f-2 Notice for Franklin Tax-Advantaged International
     Bond Fund
     File No. 33-8975

Gentlemen:

Pursuant to Rule 24f-2 under the Investment Company Act of 1940,
Franklin Tax-Advantaged International Bond Fund (the "Fund")
hereby files its Rule 24f-2 Notice for the fiscal year ended
December 31, 1994 (the "Fiscal Year").  The registration fee, as
shown in the attached calculation, has been transmitted via wire
transfer to the Mellon Bank.

At the beginning of the Fiscal Year, the Fund did not have any
shares of partnership interest which had been registered under
the Securities Act of 1933 other than pursuant to Rule 24f-2, but
which remained unsold.

During the Fiscal Year, the Fund did not register shares of
partnership interest other than pursuant to Rule 24f-2 and sold a
total of 851,885 shares of partnership interest.  1/ All of the
shares of the Fund sold during the Fiscal Year were sold in
reliance upon the registration pursuant to Rule 24f-2.  Attached
is an opinion of counsel indicating that these securities were
legally issued, fully paid and non-assessable.


Sincerely yours,

FRANKLIN TAX-ADVANTAGED INTERNATIONAL BOND FUND


/s/Larry L. Greene
Larry L. Greene
Assistant Secretary

1/ Footnote to Rule 24f-2 Notice of Franklin Tax-Advantaged
International Bond Fund

The calculation pursuant to subsection (c) of Rule 24f-2 of the
fee in connection with the shares sold in reliance upon Rule 24f-
2 is as follows:
                                              
Aggregate sales price of securities                 
sold in reliance upon Rule 24f-2                    
during Fiscal Year                                  $9,453,132
                                                    
Less:  the difference between:                      
                                                    
                                                    
(1)    the aggregate redemption or                  
repurchase price of Fund                            
shares redeemed or repur-                           
chased during the Fiscal                            
Year                                  $ 6,098,134   
                                                    
(2)    the aggregate redemption or                  
repurchase price of Fund                            
shares redeemed or repur-                           
chased during the Fiscal                            
Year and previously applied                         
pursuant to Rule 24e-2(a)                           
in filings made pursuant to                         
Section 24(e) (1) of the                            
Investment Company Act of                           
1940                                  -0-           $ 6,098,134
                                                    
Aggregate sales price on which fee                  
will be based                                       $3,354,998
                                                    
Rate of fee pursuant to Section 6(b)                
of Securities Act of 1933                           .00034483
                                                    
Fee payable                                         $1,157




Stradley, Ronon, Stevens & Young
2600 One Commerce Square
Philadelphia, Pennsylvania 19103

Direct Dial: (215) 564-8101


                         February 21, 1995



Franklin Tax-Advantaged International
 Bond Fund
777 Mariners Island Boulevard
San Mateo, California  94404

          Re:  Franklin Tax-Advantaged International
               Bond Fund


Gentlemen:

          You have requested our opinion with respect to the
shares of partnership interest sold by Franklin Tax-Advantaged
International Bond Fund (the "Fund") during its fiscal year ended
December 31, 1994, in connection with the Notice being filed by
the Fund pursuant to Rule 24f-2 under the Investment Company Act
of 1940.  You have represented that a total of 851,885 shares
were sold by the Fund during said fiscal year, all of which were
sold in reliance upon Rule 24f-2.

          Based upon our review of such records, documents, and
representations as we have deemed relevant, it is our opinion
that the shares of partnership interest of the Fund sold and
issued by the Fund during its fiscal year ended December 31,
1994, in reliance upon the registration under the Securities Act
of 1933 pursuant to Rule 24f-2 under the Investment Company Act
of 1940, as amended, were legally issued, fully paid and non-
assessable.

          We hereby consent to the filing of this opinion as an
exhibit to the "Rule 24f-2 Notice" being filed by the Fund,
covering the registration of the said shares under the Securities
Act and the applications and registration statements, and
amendments thereto, filed in accordance with the securities laws
of the various states in which shares of the Fund are offered,
and we further consent to reference in the Prospectus of the Fund
to the fact that this opinion concerning the legality of the
issue has been rendered by us.

                              Very truly yours,
                              
                              STRADLEY, RONON, STEVENS & YOUNG
                              
                              
                              
                              By:/s/ Audrey C. Talley
                                 Audrey C. Talley
                              


ACT/rlm
115625