UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-01608   

Franklin High Income Trust

(Exact name of registrant as specified in charter)

One Franklin Parkway, San Mateo, CA 94403-1906

(Address of principal executive offices) (Zip code)

Craig S. Tyle, One Franklin Parkway, San Mateo, CA 94403-1906

(Name and address of agent for service)

Registrant's telephone number, including area code:  (650) 312-2000    

Date of fiscal year end:      5/31       

Date of reporting period:   6/30/19      

Item 1. Proxy Voting Records.

ALPHA NATURAL RESOURCES HOLDINGS, INC. Meeting Date:  NOV 07, 2018 Record Date:  SEP 26, 2018 Meeting Type:  SPECIAL
Ticker:  APNR Security ID:  02077Y406
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	Approve Merger Agreement	Management	For	For
2	Adjourn Meeting	Management	For	For

ANR, INC. (TENNESSEE) Meeting Date:  NOV 07, 2018 Record Date:  SEP 26, 2018 Meeting Type:  SPECIAL
Ticker:  AANR Security ID:  03634H506
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	Approve Merger Agreement	Management	For	For
2	Adjourn Meeting	Management	For	For

CHAPARRAL ENERGY, INC. Meeting Date:  JUN 28, 2019 Record Date:  MAY 06, 2019 Meeting Type:  ANNUAL
Ticker:  CHAP Security ID:  15942R208
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	Elect Director K. Earl Reynolds	Management	For	For
1.2	Elect Director Robert F. Heinemann	Management	For	For
1.3	Elect Director Douglas E. Brooks	Management	For	For
1.4	Elect Director Matthew D. Cabell	Management	For	For
1.5	Elect Director Samuel Langford	Management	For	For
1.6	Elect Director Kenneth W. Moore	Management	For	For
1.7	Elect Director Marcus C. Rowland	Management	For	For
1.8	Elect Director Gysle Shellum	Management	For	For
2	Approve Omnibus Stock Plan	Management	For	For
3	Advisory Vote to Ratify Named Executive Officers' Compensation	Management	For	For
4	Advisory Vote on Say on Pay Frequency	Management	One Year	One Year
5	Ratify Grant Thornton LLP as Auditors	Management	For	For

CHAPARRAL ENERGY, INC. Meeting Date:  JUN 28, 2019 Record Date:  MAY 06, 2019 Meeting Type:  ANNUAL
Ticker:  CHAP Security ID:  15942R406
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	Elect Director K. Earl Reynolds	Management	For	For
1.2	Elect Director Robert F. Heinemann	Management	For	For
1.3	Elect Director Douglas E. Brooks	Management	For	For
1.4	Elect Director Matthew D. Cabell	Management	For	For
1.5	Elect Director Samuel Langford	Management	For	For
1.6	Elect Director Kenneth W. Moore	Management	For	For
1.7	Elect Director Marcus C. Rowland	Management	For	For
1.8	Elect Director Gysle Shellum	Management	For	For
2	Approve Omnibus Stock Plan	Management	For	For
3	Advisory Vote to Ratify Named Executive Officers' Compensation	Management	For	For
4	Advisory Vote on Say on Pay Frequency	Management	One Year	One Year
5	Ratify Grant Thornton LLP as Auditors	Management	For	For

CONCORDIA INTERNATIONAL CORP. Meeting Date:  NOV 29, 2018 Record Date:  OCT 30, 2018 Meeting Type:  SPECIAL
Ticker:  CXR Security ID:  20653P409
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	Change Company Name to Advanz Pharma Corp.	Management	For	For

CONTURA ENERGY, INC. Meeting Date:  MAY 01, 2019 Record Date:  MAR 12, 2019 Meeting Type:  ANNUAL
Ticker:  CTRA Security ID:  21241B100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	Elect Director Kevin S. Crutchfield	Management	For	For
1.2	Elect Director Albert E. Ferrara, Jr.	Management	For	For
1.3	Elect Director Daniel J. Geiger	Management	For	For
1.4	Elect Director John E. Lushefski	Management	For	For
1.5	Elect Director Anthony J. Orlando	Management	For	For
1.6	Elect Director David J. Stetson *Withdrawn Resolution*	Management	None	None
1.7	Elect Director Harvey L. Tepner	Management	For	For
1.8	Elect Director Neale X. Trangucci	Management	For	For
1.9	Elect Director Michael J. Ward	Management	For	For
2	Advisory Vote to Ratify Named Executive Officers' Compensation	Management	For	For
3	Advisory Vote on Say on Pay Frequency	Management	One Year	One Year
4	Ratify KPMG LLP as Auditors	Management	For	For

HALCON RESOURCES CORPORATION Meeting Date:  MAY 23, 2019 Record Date:  APR 01, 2019 Meeting Type:  ANNUAL
Ticker:  HK Security ID:  40537Q605
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	Elect Director Janine J. McArdle	Management	For	For
1.2	Elect Director Darryl L. Schall	Management	For	For
1.3	Elect Director Nathan W. Walton	Management	For	For
2	Ratify Deloitte & Touche LLP as Auditors	Management	For	For

RIVIERA RESOURCES, INC. Meeting Date:  JUN 05, 2019 Record Date:  APR 08, 2019 Meeting Type:  ANNUAL
Ticker:  RVRA Security ID:  76964R104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	Elect Director David B. Rottino	Management	For	For
1.2	Elect Director Matthew W. Bonanno	Management	For	For
1.3	Elect Director Philip Brown	Management	For	For
1.4	Elect Director C. Gregory Harper	Management	For	For
1.5	Elect Director Evan S. Lederman	Management	For	For
1.6	Elect Director Andrew Taylor	Management	For	For
2	Ratify KPMG LLP as Auditors	Management	For	For
3	Advisory Vote to Ratify Named Executive Officers' Compensation	Management	For	For
4	Advisory Vote on Say on Pay Frequency	Management	Three Years	One Year

VERSO CORP. Meeting Date:  SEP 24, 2018 Record Date:  AUG 13, 2018 Meeting Type:  ANNUAL
Ticker:  VRS Security ID:  92531L207
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	Elect Director Alan J. Carr	Management	For	For
1.2	Elect Director Eugene I. Davis	Management	For	For
1.3	Elect Director B. Christopher DiSantis	Management	For	For
1.4	Elect Director Steven D. Scheiwe	Management	For	For
1.5	Elect Director Jay Shuster	Management	For	For
2	Advisory Vote to Ratify Named Executive Officers' Compensation	Management	For	For
3	Ratify Deloitte & Touche LLP as Auditors	Management	For	For

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) Franklin High Income Trust________________________________

By (Signature and Title)* /s/ Matthew T. Hinkle

Matthew T. Hinkle,

Chief Executive Officer – Finance and Administration

Date August 28, 2019   

* Print the name and title of each signing officer under his or her signature.