-----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,
 JIYuWZfkm476MAonregAtMh9yNMTEeQpdHcYYBp+MHDmHpVF04Uuy4V+IHgEAGoA
 UCKotLhTsuLkygtXcoNrjA==

<SEC-DOCUMENT>9999999995-09-002050.txt : 20090728
<SEC-HEADER>9999999995-09-002050.hdr.sgml : 20090728
<ACCEPTANCE-DATETIME>20090728001515
ACCESSION NUMBER:		9999999995-09-002050
CONFORMED SUBMISSION TYPE:	EFFECT
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20090727
DATE AS OF CHANGE:		20090728
EFFECTIVENESS DATE:		20090727

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANKLIN INVESTORS SECURITIES TRUST
		CENTRAL INDEX KEY:			0000809707
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-160119
		FILM NUMBER:		09965741

	BUSINESS ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403-1906
		BUSINESS PHONE:		650-312-2200

	MAIL ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403-1906
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CENTRAL INDEX KEY:			0000809707
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<SERIES-ID>S000006857
<SERIES-NAME>FRANKLIN TOTAL RETURN FUND
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000018526
<CLASS-CONTRACT-NAME>CLASS A
<CLASS-CONTRACT-TICKER-SYMBOL>FKBAX
</CLASS-CONTRACT>
</SERIES>
</ACQUIRING-DATA>
<TARGET-DATA>
CENTRAL INDEX KEY:			0000798290
<SERIES>
<SERIES-ID>S000005037
<SERIES-NAME>HSBC Investor Core Plus Fixed Income Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000013746
<CLASS-CONTRACT-NAME>A Shares
<CLASS-CONTRACT-TICKER-SYMBOL>HBFAX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000013747
<CLASS-CONTRACT-NAME>B Shares
<CLASS-CONTRACT-TICKER-SYMBOL>HSBBX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<SERIES-ID>S000005040
<SERIES-NAME>HSBC Investor Intermediate Duration Fixed Income Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000013755
<CLASS-CONTRACT-NAME>A Shares
<CLASS-CONTRACT-TICKER-SYMBOL>HLMAX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000013757
<CLASS-CONTRACT-NAME>B Shares
<CLASS-CONTRACT-TICKER-SYMBOL>HLMBX
</CLASS-CONTRACT>
</SERIES>
</TARGET-DATA>
</MERGER>
<MERGER>
<ACQUIRING-DATA>
CENTRAL INDEX KEY:			0000809707
<SERIES>
<SERIES-ID>S000006857
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<CLASS-CONTRACT>
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</ACQUIRING-DATA>
<TARGET-DATA>
CENTRAL INDEX KEY:			0000798290
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<SERIES>
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<CLASS-CONTRACT>
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</TARGET-DATA>
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<ACQUIRING-DATA>
CENTRAL INDEX KEY:			0000809707
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<SERIES-NAME>FRANKLIN TOTAL RETURN FUND
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<CLASS-CONTRACT-ID>C000018529
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</CLASS-CONTRACT>
</SERIES>
</ACQUIRING-DATA>
<TARGET-DATA>
CENTRAL INDEX KEY:			0000798290
<SERIES>
<SERIES-ID>S000005040
<SERIES-NAME>HSBC Investor Intermediate Duration Fixed Income Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000013756
<CLASS-CONTRACT-NAME>I Shares
<CLASS-CONTRACT-TICKER-SYMBOL>HLMYX
</CLASS-CONTRACT>
</SERIES>
</TARGET-DATA>
<TARGET-DATA>
CENTRAL INDEX KEY:			0001010296
<SERIES>
<SERIES-ID>S000009283
<SERIES-NAME>Core Plus Fixed Income Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000025345
<CLASS-CONTRACT-NAME>Class I Shares
<CLASS-CONTRACT-TICKER-SYMBOL>RFXIX
</CLASS-CONTRACT>
</SERIES>
</TARGET-DATA>
</MERGER>
</MERGER-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>EFFECT
<SEQUENCE>1
<FILENAME>primary_doc.xml
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-----END PRIVACY-ENHANCED MESSAGE-----