X0101 EFFECT 33 LIVE 2009-02-10 15:30:00

N-14

0000038721 FRANKLIN CUSTODIAN FUNDS 333-156353 0000038721 FRANKLIN CUSTODIAN FUNDS S000006755 FRANKLIN GROWTH FUND C000018324 CLASS A 0000083297 FRANKLIN CAPITAL GROWTH FUND S000006742 FRANKLIN CAPITAL GROWTH FUND C000018305 CLASS A 0000038721 FRANKLIN CUSTODIAN FUNDS S000006755 FRANKLIN GROWTH FUND C000018325 CLASS B 0000083297 FRANKLIN CAPITAL GROWTH FUND S000006742 FRANKLIN CAPITAL GROWTH FUND C000018306 CLASS B 0000038721 FRANKLIN CUSTODIAN FUNDS S000006755 FRANKLIN GROWTH FUND C000018326 CLASS C 0000083297 FRANKLIN CAPITAL GROWTH FUND S000006742 FRANKLIN CAPITAL GROWTH FUND C000018307 CLASS C 0000038721 FRANKLIN CUSTODIAN FUNDS S000006755 FRANKLIN GROWTH FUND C000018327 ADVISOR CLASS 0000083297 FRANKLIN CAPITAL GROWTH FUND S000006742 FRANKLIN CAPITAL GROWTH FUND C000018308 ADVISOR CLASS 0000038721 FRANKLIN CUSTODIAN FUNDS S000006755 FRANKLIN GROWTH FUND C000018328 CLASS R 0000083297 FRANKLIN CAPITAL GROWTH FUND S000006742 FRANKLIN CAPITAL GROWTH FUND C000018309 CLASS R