-----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, GrFOJDSONlmwGhwe5VC+eLbHMk/8/JkejpgZ0KHDxq3DxnRx3zU/ViI3KYlddwab fUsHlKeQCMNo8L2sV02txg== 0000002768-10-000021.txt : 20101028 0000002768-10-000021.hdr.sgml : 20101028 20101028155008 ACCESSION NUMBER: 0000002768-10-000021 CONFORMED SUBMISSION TYPE: NSAR-B/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100531 FILED AS OF DATE: 20101028 DATE AS OF CHANGE: 20101028 EFFECTIVENESS DATE: 20101028 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRANKLIN HIGH INCOME TRUST CENTRAL INDEX KEY: 0000002768 IRS NUMBER: 941693697 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: NSAR-B/A SEC ACT: 1940 Act SEC FILE NUMBER: 811-01608 FILM NUMBER: 101148009 BUSINESS ADDRESS: STREET 1: ONE FRANKLIN PARKWAY CITY: SAN MATEO STATE: CA ZIP: 94403-1906 BUSINESS PHONE: 650-312-2000 MAIL ADDRESS: STREET 1: ONE FRANKLIN PARKWAY CITY: SAN MATEO STATE: CA ZIP: 94403-1906 FORMER COMPANY: FORMER CONFORMED NAME: AGE HIGH INCOME FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: AGE FUND INC DATE OF NAME CHANGE: 19810128 0000002768 S000006840 FRANKLIN HIGH INCOME FUND C000018490 CLASS A FHAIX C000018491 CLASS B FHIBX C000018492 CLASS C FCHIX C000018493 ADVISOR CLASS FVHIX C000018494 CLASS R FHIRX NSAR-B/A 1 answer.fil ANSWER FILE PAGE 1 000 B000000 05/31/2010 000 C000000 0000002768 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 Y 000 H000000 Y 000 I000000 6.1 000 J000000 A 001 A000000 FRANKLIN HIGH INCOME TRUST 001 B000000 811-01608 001 C000000 6503122000 002 A000000 ONE FRANKLIN PARKWAY 002 B000000 SAN MATEO 002 C000000 CA 002 D010000 94403 002 D020000 1906 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 1 007 C010100 1 007 C020100 Franklin High Income Fund 007 C030100 N 008 A00AA01 FRANKLIN ADVISERS, INC. 008 B00AA01 A 008 C00AA01 801-26292 008 D01AA01 SAN MATEO 008 D02AA01 CA 008 D03AA01 94403 008 D04AA01 1906 010 A00AA01 FRANKLIN TEMPLETON SERVICES, LLC 010 B00AA01 801-31192 010 C01AA01 SAN MATEO 010 C02AA01 CA 010 C03AA01 94403 010 C04AA01 1906 011 A00AA01 FRANKLIN TEMPLETON DISTRIBUTORS, INC. 011 B00AA01 8-5889 011 C01AA01 SAN MATEO 011 C02AA01 CA 011 C03AA01 94403 011 C04AA01 1906 012 A00AA01 FRANKLIN TEMPLETON INVESTOR SERVICES, LLC 012 B00AA01 84-1036 012 C01AA01 RANCHO CORDOVA 012 C02AA01 CA 012 C03AA01 95670 012 C04AA01 7313 PAGE 2 013 A00AA01 PRICEWATERHOUSECOOPERS LLP 013 B01AA01 SAN FRANCISCO 013 B02AA01 CA 013 B03AA01 94111 013 B04AA01 4004 014 A00AA01 FRANKLIN TEMPLETON DISTRIBUTORS INC 014 B00AA01 8-5889 015 A00AA01 FRANKLIN TEMPLETON INVESTOR SERVICES LLC 015 B00AA01 C 015 C01AA01 SAN MATEO 015 C02AA01 CA 015 C03AA01 94403 015 C04AA01 1906 015 E03AA01 X 015 A00AA02 THE BANK OF NEW YORK MELLON 015 B00AA02 C 015 C01AA02 NEW YORK 015 C02AA02 NY 015 C03AA02 10286 015 C04AA02 0001 015 E01AA02 X 015 A00AA03 CITIBANK ARGENTINA 015 B00AA03 S 015 C01AA03 BUENOS AIRES 015 D01AA03 ARGENTINA 015 E04AA03 X 015 A00AA04 NATIONAL NOMINEES LTD 015 B00AA04 S 015 C01AA04 AUCKLAND 015 D01AA04 NEW ZEALAND 015 E04AA04 X 015 A00AA05 ING BANK SA/NV 015 B00AA05 S 015 C01AA05 BRUSSELS 015 D01AA05 BELGIUM 015 E04AA05 X 015 A00AA06 CITIBANK NA 015 B00AA06 S 015 C01AA06 SAO PAULO 015 D01AA06 BRAZIL 015 E04AA06 X 015 A00AA07 CIBC MELLON TRUST CO 015 B00AA07 S 015 C01AA07 TORONTO 015 D01AA07 CANADA 015 E04AA07 X 015 A00AA08 HSBC BANK (CHINA) CO LTD 015 B00AA08 S 015 C01AA08 SHENZHEN 015 D01AA08 CHINA 015 E04AA08 X PAGE 3 015 A00AA09 HSBC BANK (CHINA) CO LTD 015 B00AA09 S 015 C01AA09 SHANGHAI 015 D01AA09 CHINA 015 E04AA09 X 015 A00AA10 DANSKE BANK A/S 015 B00AA10 S 015 C01AA10 COPENHAGEN 015 D01AA10 DENMARK 015 E04AA10 X 015 A00AA11 CLEARSTREAM BANKING LUXEMBOURG SA 015 B00AA11 S 015 C01AA11 LUXEMBOURG 015 D01AA11 EUROMARKET 015 E04AA11 X 015 A00AA12 EUROCLEAR BANK 015 B00AA12 S 015 C01AA12 BRUSSELS 015 D01AA12 EUROMARKET 015 E04AA12 X 015 A00AA13 SKANDINAVISKA ENSKILDA BANKEN AB 015 B00AA13 S 015 C01AA13 HELSINKI 015 D01AA13 FINLAND 015 E04AA13 X 015 A00AA14 BNP PARIBAS SECURITIES SERVICES 015 B00AA14 S 015 C01AA14 PARIS 015 D01AA14 FRANCE 015 E04AA14 X 015 A00AA15 BHF ASSET SERVICING GMBH 015 B00AA15 S 015 C01AA15 FRANKFURT/MAIN 015 D01AA15 GERMANY 015 E04AA15 X 015 A00AA16 THE HONGKONG AND SHANGHAI BANKING CORP. 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of Independent Registered Public Accounting Firm To the Board of Trustees and Shareholders of Franklin High Income Fund In planning and performing our audit of the financial statements of Franklin High Income Fund (the "Fund") as of and for the year ended May 31, 2010, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund's internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Fund's internal control over financial reporting. The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund's assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund's annual or interim financial statements will not be prevented or detected on a timely basis. Our consideration of the Fund's internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund's internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of May 31, 2010. This report is intended solely for the information and use of management and the Board of Trustees of Franklin High Income Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/PRICEWATERHOUSECOOPERS LLP PricewaterhouseCoopers LLP July 19, 2010 -----END PRIVACY-ENHANCED MESSAGE-----