<SEC-DOCUMENT>0001379491-18-004408-index.html : 20180910
<SEC-HEADER>0001379491-18-004408.hdr.sgml : 20180910
<ACCEPTANCE-DATETIME>20180910125606
ACCESSION NUMBER:		0001379491-18-004408
CONFORMED SUBMISSION TYPE:	497K
PUBLIC DOCUMENT COUNT:		5
FILED AS OF DATE:		20180910
DATE AS OF CHANGE:		20180910
EFFECTIVENESS DATE:		20180910

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:		497K
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	002-30203
		FILM NUMBER:		181062199

	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
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0000002768
<SERIES-ID>S000006840
<SERIES-NAME>FRANKLIN HIGH INCOME FUND
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000018490
<CLASS-CONTRACT-NAME>CLASS A1
<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>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000199701
<CLASS-CONTRACT-NAME>Class M
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>497K
<SEQUENCE>1
<FILENAME>filing161469568.htm
<TEXT>
Document 1 - file: filing161469568.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>ftlogo_lg17.jpg
<TEXT>
Document 2 - file: ftlogo_lg17.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>procovergraphic.jpg
<TEXT>
Document 3 - file: procovergraphic.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>img161463484.jpg
<TEXT>
Document 4 - file: img161463484.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>ft_logo-sm14.jpg
<TEXT>
Document 5 - file: ft_logo-sm14.jpg

</DOCUMENT>
</SEC-DOCUMENT>