UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                      WASHINGTON, D.C. 20549

                         FORM 15 - AMENDED

   CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER
      SECTION 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR
 SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(D) OF
                THE SECURITIES EXCHANGE ACT OF 1934

                                 COMMISSION FILE NUMBER:  033-64131
                                                          ---------

         FRANKLIN SELECT REALTY TRUST (a dissolved entity)
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      (Exact name of registrant as specified in its charter)

                       One Franklin Parkway
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                 San Mateo, California 94403-1906
                         (650) 312 - 2000
   (Address, including zip code, and telephone number, including
                           area code, of
             registrant's principal executive offices)

                   Common Stock [Series A and B]
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     (Title of each class of securities covered by this Form)

                               NONE.
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  (Titles of all other classes of securities for which a duty to
                           file reports
               under Section 13(a) or 15(d) remains)

      Please   place  an  X  in  the  box(es)  to   designate   the
appropriate rule  provision(s)  relied upon to terminate or suspend
the duty to file reports:

        Rule 12g-4(a)(1)(i)  [X]                Rule 12h-3(b)(1)(i) [ ]
        Rule 12g-4(a)(1)(ii) [ ]                Rule 12h-3(b)(1)(ii)[ ]
        Rule 12g-4(a)(2)(i)  [ ]                Rule 12h-3(b)(2)(i) [ ]
        Rule 12g-4(a)(2)(ii) [ ]                Rule 12h-3(b)(2)(ii)[ ]
                                                Rule 15d-6          [ ]

Since Franklin Select Realty Trust has been  completely  dissolved,
there are no shareholders as of the time of filing hereof.

Pursuant to the  requirements  of the  Securities  Exchange  Act of
1934,    Franklin    Select    Realty   Trust   has   caused   this
certification/notice   to  be   signed   on  its   behalf   by  the
undersigned duly authorized person.

                                    FRANKLIN SELECT REALTY TRUST


Date:  October 3, 2005         By:
                                    /s/ DAVID P. GOSS
                                    David P. Goss
                                    President