CONSENT OF INDEPENDENT AUDITORS



We hereby consent to the incorporation by reference in Post-Effective Amendment
No.43 to the Registration Statement of Franklin High Income Trust on Form N-1A,
File No. 002-30203, of our report dated July 3, 2001 relating to the financial
statements and financial highlights of Franklin High Income Trust which appear
in the May 31, 2001 Annual report to shareholders, which are also incorporated
by reference in the Registration Statement. We also consent to the reference to
our firm under the captions "Financial Highlights" and "Auditor."



                                    /s/PricewaterhouseCoopers LLP
                                    -----------------------------
                                       PricewaterhouseCoopers LLP



San Francisco, California
September 27, 2001