<SEC-DOCUMENT>0000002768-14-000011-index.html : 20140730
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<ACCEPTANCE-DATETIME>20140730144713
ACCESSION NUMBER:		0000002768-14-000011
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		11
CONFORMED PERIOD OF REPORT:	20140531
FILED AS OF DATE:		20140730
DATE AS OF CHANGE:		20140730
EFFECTIVENESS DATE:		20140730

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:		N-CSR
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-01608
		FILM NUMBER:		141002438

	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
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<SERIES>
<OWNER-CIK>0000002768
<SERIES-ID>S000006840
<SERIES-NAME>FRANKLIN HIGH INCOME FUND
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000018490
<CLASS-CONTRACT-NAME>CLASS A
<CLASS-CONTRACT-TICKER-SYMBOL>FHAIX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000018492
<CLASS-CONTRACT-NAME>CLASS C
<CLASS-CONTRACT-TICKER-SYMBOL>FCHIX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000018493
<CLASS-CONTRACT-NAME>ADVISOR CLASS
<CLASS-CONTRACT-TICKER-SYMBOL>FVHIX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000018494
<CLASS-CONTRACT-NAME>CLASS R
<CLASS-CONTRACT-TICKER-SYMBOL>FHIRX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000128780
<CLASS-CONTRACT-NAME>Class R6
<CLASS-CONTRACT-TICKER-SYMBOL>FHRRX
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
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<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>n-csrfhitpe53114.htm
<TEXT>
Document 1 - file: n-csrfhitpe53114.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CODE ETH
<SEQUENCE>2
<FILENAME>ncsr_code1209amd1212.txt
<TEXT>
Document 2 - file: ncsr_code1209amd1212.txt

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>3
<FILENAME>fhit302certs0514ncsr.htm
<DESCRIPTION>302 CERTS
<TEXT>
Document 3 - file: fhit302certs0514ncsr.htm

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<DOCUMENT>
<TYPE>EX-99.906 CERT
<SEQUENCE>4
<FILENAME>fhit906certs0514ncsr.htm
<TEXT>
Document 4 - file: fhit906certs0514ncsr.htm

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<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>a0714x12x1.jpg
<TEXT>
Document 5 - file: a0714x12x1.jpg

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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>a0714x13x1.jpg
<TEXT>
Document 6 - file: a0714x13x1.jpg

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<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>a0714x14x1.jpg
<TEXT>
Document 7 - file: a0714x14x1.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>a0714x1x1.jpg
<TEXT>
Document 8 - file: a0714x1x1.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>a0714x68x1.jpg
<TEXT>
Document 9 - file: a0714x68x1.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>a0714x6x1.jpg
<TEXT>
Document 10 - file: a0714x6x1.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>a0714x8x1.jpg
<TEXT>
Document 11 - file: a0714x8x1.jpg

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