CONSENT OF INDEPENDENT AUDITORS



We  hereby  consent  to  the   incorporation  by  reference  in  Post-Effective
Amendment No. 85 to the  Registration  Statement of Franklin  Custodian  Funds,
Inc. on Form N-1A,  File No.  002-11346,  of our report dated November 6, 2001,
relating to the  financial  statements  and  financial  highlights  of Franklin
Custodian  Funds,  Inc. which appear in the September 30, 2001 Annual Report to
shareholders,  which are also  incorporated  by reference  in the  Registration
Statement.  We also  consent to the  reference  to our firm under the  captions
"Financial Highlights" and "Auditor."



                               /s/ PricewaterhouseCoopers LLP
                               PricewaterhouseCoopers LLP


San Francisco, California
January 25, 2002