-----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, GSpc/AoHaomQVB9XbkDlb5N3A2x08rKdlHAoefpzHvD9O4kGHVuokCo07WqZ1mXa 0vjtQ0ve3+YUiB/AI7BYFg== 0000002768-99-000014.txt : 19990730 0000002768-99-000014.hdr.sgml : 19990730 ACCESSION NUMBER: 0000002768-99-000014 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 19990531 FILED AS OF DATE: 19990729 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRANKLIN HIGH INCOME TRUST CENTRAL INDEX KEY: 0000002768 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 941693697 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 811-01608 FILM NUMBER: 99672324 BUSINESS ADDRESS: STREET 1: 777 MARINERS ISLAND BLVD CITY: SAN MATEO STATE: CA ZIP: 94404 BUSINESS PHONE: 4153122000 MAIL ADDRESS: STREET 1: 777 MARINERS ISLAND BLVD CITY: SAN MATEO STATE: CA ZIP: 94404 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 NSAR-B 1 N-SAR (6.1) PAGE 1 000 B000000 05/31/1999 000 C000000 0000002768 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 FRANKLIN HIGH INCOME TRUST 001 B000000 811-1608 001 C000000 6503122000 002 A000000 777 MARINERS ISLAND BOULEVARD 002 B000000 SAN MATEO 002 C000000 CA 002 D010000 94404 002 D020000 1585 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 1 007 C010100 1 007 C020100 FRANKLIN AGE HIGH INCOME FUND 007 C030100 N 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 007 C011100 11 007 C011200 12 007 C011300 13 007 C011400 14 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F02AA00 0 028 A010100 86787 028 A020100 13937 028 A030100 0 028 A040100 114875 028 B010100 114614 028 B020100 13744 028 B030100 0 028 B040100 83455 028 C010100 88985 028 C020100 13946 028 C030100 0 028 C040100 101519 028 D010100 149502 028 D020100 13787 028 D030100 0 028 D040100 122048 028 E010100 99644 028 E020100 13952 028 E030100 0 028 E040100 87644 028 F010100 87051 028 F020100 14023 PAGE 10 028 F030100 0 028 F040100 128158 028 G010100 626583 028 G020100 83389 028 G030100 0 028 G040100 637699 028 H000100 205289 029 000100 Y 030 A000100 14556 030 B000100 4.25 030 C000100 0.00 031 A000100 0 031 B000100 1072 032 000100 15628 033 000100 0 034 000100 Y 035 000100 409 036 A000100 N 036 B000100 0 042 A000100 0 042 B000100 0 042 C000100 100 042 D000100 0 042 E000100 0 042 F000100 0 042 G000100 0 042 H000100 0 043 000100 7128 044 000100 2572 045 000100 Y 046 000100 N 047 000100 Y 048 000100 0.000 048 A010100 100000 048 A020100 0.625 048 B010100 150000 048 B020100 0.500 048 C010100 0 048 C020100 0.000 048 D010100 0 048 D020100 0.000 048 E010100 0 048 E020100 0.000 048 F010100 0 048 F020100 0.000 048 G010100 0 048 G020100 0.000 048 H010100 0 048 H020100 0.000 048 I010100 0 048 I020100 0.000 PAGE 11 048 J010100 0 048 J020100 0.000 048 K010100 250000 048 K020100 0.450 049 000100 N 050 000100 N 051 000100 N 052 000100 N 053 A000100 N 055 A000100 N 055 B000100 N 056 000100 N 057 000100 N 058 A000100 N 059 000100 Y 060 A000100 Y 060 B000100 Y 061 000100 1000 062 A000100 Y 062 B000100 0.0 062 C000100 0.0 062 D000100 0.4 062 E000100 0.0 062 F000100 0.0 062 G000100 0.0 062 H000100 0.0 062 I000100 0.0 062 J000100 0.0 062 K000100 0.0 062 L000100 0.0 062 M000100 0.0 062 N000100 0.0 062 O000100 0.0 062 P000100 93.1 062 Q000100 0.0 062 R000100 4.3 063 A000100 0 063 B000100 4.3 064 A000100 N 064 B000100 N 066 A000100 N 067 000100 N 068 A000100 N 068 B000100 N 069 000100 N 070 A010100 Y 070 A020100 Y 070 B010100 Y 070 B020100 N 070 C010100 Y 070 C020100 N PAGE 12 070 D010100 Y 070 D020100 N 070 E010100 Y 070 E020100 N 070 F010100 Y 070 F020100 N 070 G010100 Y 070 G020100 N 070 H010100 Y 070 H020100 N 070 I010100 Y 070 I020100 N 070 J010100 Y 070 J020100 Y 070 K010100 Y 070 K020100 N 070 L010100 Y 070 L020100 Y 070 M010100 Y 070 M020100 Y 070 N010100 Y 070 N020100 N 070 O010100 N 070 O020100 N 070 P010100 Y 070 P020100 N 070 Q010100 N 070 Q020100 N 070 R010100 N 070 R020100 N 071 A000100 1273739 071 B000100 973523 071 C000100 3533732 071 D000100 28 072 A000100 12 072 B000100 361690 072 C000100 6677 072 D000100 0 072 E000100 0 072 F000100 16672 072 G000100 0 072 H000100 0 072 I000100 3326 072 J000100 48 072 K000100 450 072 L000100 153 072 M000100 56 072 N000100 417 072 O000100 0 072 P000100 0 072 Q000100 0 PAGE 13 072 R000100 70 072 S000100 28 072 T000100 7128 072 U000100 0 072 V000100 0 072 W000100 98 072 X000100 28446 072 Y000100 0 072 Z000100 339921 072AA000100 90074 072BB000100 16809 072CC010100 0 072CC020100 437471 072DD010100 299009 072DD020100 43316 072EE000100 0 073 A010100 0.0000 073 A020100 0.0000 073 B000100 0.0000 073 C000100 0.0000 074 A000100 0 074 B000100 13664 074 C000100 0 074 D000100 3410553 074 E000100 116677 074 F000100 31698 074 G000100 0 074 H000100 0 074 I000100 9737 074 J000100 8000 074 K000100 0 074 L000100 86215 074 M000100 0 074 N000100 3676544 074 O000100 91 074 P000100 2862 074 Q000100 0 074 R010100 0 074 R020100 0 074 R030100 0 074 R040100 12137 074 S000100 0 074 T000100 3661454 074 U010100 1156447 074 U020100 205140 074 V010100 0.00 074 V020100 0.00 074 W000100 0.0000 074 X000100 215365 074 Y000100 81273 075 A000100 0 PAGE 14 075 B000100 3639218 076 000100 0.00 SIGNATURE LAURA FERGERSON TITLE ASSISTANT TREASURER EX-27 2
6 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN HIGH INCOME TRUST MAY 31, 1999 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY B Y REFERENCE TO SUCH FINANCIAL STATEMENTS. 011 AGE HIGH INCOME FUND - CLASS A YEAR MAY-31-1999 MAY-31-1999 3,915,023,669 3,568,665,315 107,878,796 0 0 3,676,544,111 91,152 0 14,998,653 15,089,805 0 4,085,650,610 1,156,447,120 1,087,173,780 17,094,418 0 0 (94,907,479) (346,383,243) 3,661,454,306 6,676,882 361,689,824 0 (28,445,653) 339,921,053 73,264,684 (437,470,931) (24,285,194) 0 (299,008,521) 0 0 414,087,089 (393,225,617) 48,411,868 2,681,749 19,511,326 0 0 (287,807,415) (16,672,024) 0 (28,445,653) 3,639,218,349 2.980 .260 (.290) (.260) .000 .000 2.690 .720

EX-27 3
6 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN HIGH INCOME TRUST MAY 31, 1999 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY B Y REFERENCE TO SUCH FINANCIAL STATEMENTS. 012 AGE HIGH INCOME FUND - CLASS B YEAR MAY-31-1999 MAY-31-1999 3,915,023,669 3,568,665,315 107,878,796 0 0 3,676,544,111 91,152 0 14,998,653 15,089,805 0 4,085,650,610 9,721,818 0 17,094,418 0 0 (94,907,479) (346,383,243) 3,661,454,306 6,676,882 361,689,824 0 (28,445,653) 339,921,053 73,264,684 (437,470,931) (24,285,194) 0 (367,466) 0 0 10,082,048 (427,778) 67,548 2,681,749 19,511,326 0 0 (287,807,415) (16,672,024) 0 (28,445,653) 3,639,218,349 2.760 .110 (.080) (.110) .000 .000 2.680 1.240 ANNUALIZED

EX-27 4
6 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN HIGH INCOME TRUST MAY 31, 1999 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY B Y REFERENCE TO SUCH FINANCIAL STATEMENTS. 013 AGE HIGH INCOME FUND - CLASS C YEAR MAY-31-1999 MAY-31-1999 3,915,023,669 3,568,665,315 107,878,796 0 0 3,676,544,111 91,152 0 14,998,653 15,089,805 0 4,085,650,610 180,793,256 132,303,347 17,094,418 0 0 (94,907,479) (346,383,243) 3,661,454,306 6,676,882 361,689,824 0 (28,445,653) 339,921,053 73,264,684 (437,470,931) (24,285,194) 0 (40,073,283) 0 0 92,143,685 (51,874,088) 8,220,312 2,681,749 19,511,326 0 0 (287,807,415) (16,672,024) 0 (28,445,653) 3,639,218,349 2.980 .250 (.290) (.250) .000 .000 2.690 1.240

EX-27 5
6 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN HIGH INCOME TRUST MAY 31, 1999 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY B Y REFERENCE TO SUCH FINANCIAL STATEMENTS. 014 AGE HIGH INCOME FUND - ADVISOR CLASS YEAR MAY-31-1999 MAY-31-1999 3,915,023,669 3,568,665,315 107,878,796 0 0 3,676,544,111 91,152 0 14,998,653 15,089,805 0 4,085,650,610 14,624,529 9,413,021 17,094,418 0 0 (94,907,479) (346,383,243) 3,661,454,306 6,676,882 361,689,824 0 (28,445,653) 339,921,053 73,264,684 (437,470,931) (24,285,194) 0 (2,875,463) 0 0 17,315,590 (13,089,579) 985,497 2,681,749 19,511,326 0 0 (287,807,415) (16,672,024) 0 (28,445,653) 3,639,218,349 2.980 .270 (.290) (.270) .000 .000 2.690 .590

EX-99 6 NAME OF REGISTRANT: Franklin High Income Trust File No. 811-1608 EXHIBIT ITEM No. 77I(b): Terms of new or amended securities The Registrant offers four classes of shares: AGE High Income Fund - Class A, AGE High Income Fund - Class B, AGE High Income Fund - Class C, and AGE High Income Fund - Advisor Class. Before January 1, 1999, Class A shares were designated Class I and Class C shares were designated Class II. The Registrant began offering Class B shares on January 1, 1999. Additional classes of shares may be offered in the future. Shares of each class represent proportionate interests in the assets of the Registrant and have the same voting and other rights and preferences as any other class of the Registrant for matters that affect the Registrant as a whole. For matters that only affect one class, however, only shareholders of that class may vote. Each class will vote separately on matters affecting only that class, or expressly required to be voted on separately by state or federal law. wpdoc2\nsar\1999\105 -77i.doc 7/8/99 EX-99 7 REPORT OF INDEPENDENT ACCOUNTANTS To the Shareholders and Board of Trustees of Franklin High Income Trust: In planning and performing our audit of the financial statements of Franklin High Income Trust for the year ended May 31, 1999, we considered its internal control, including controls over safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of the Franklin High Income Trust is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use, or disposition. Because of inherent limitations in internal control, errors or irregularities may occur and may not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of any specific internal control component does not reduce to a relatively low level the risk that errors or irregularities in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of May 31, 1999. This report is intended solely for the information and use of management and the Securities and Exchange Commission. S\PricewaterhouseCoopers LLP San Francisco, California July 1, 1999 ~~-----END PRIVACY-ENHANCED MESSAGE-----~~