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        <name>Western Minnesota Municipal Power Agency</name>
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          <maturityDt>2032-02-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-01</maturityDt>
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      <invstOrSec>
        <name>City of Virginia MN</name>
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          <isin value="US9278722X82"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Western Minnesota Municipal Power Agency</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Ramsey MN</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-15</maturityDt>
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      <invstOrSec>
        <name>Edina Independent School District No. 273</name>
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        <name>Jordan Independent School District No. 717</name>
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        <name>Minnesota Housing Finance Agency</name>
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        <name>University of Minnesota</name>
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        <name>Southern Minnesota Municipal Power Agency</name>
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          <maturityDt>2023-01-01</maturityDt>
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          <maturityDt>2031-02-01</maturityDt>
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        <fairValLevel>2</fairValLevel>
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        <name>Prior Lake-Savage Independent School District No. 719</name>
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      <invstOrSec>
        <name>Big Lake Independent School District No. 727</name>
        <lei>N/A</lei>
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        <name>Hastings Independent School District No. 200</name>
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      <invstOrSec>
        <name>Southern Minnesota Municipal Power Agency</name>
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          <isin value="US84338FAN33"/>
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      <invstOrSec>
        <name>Sartell-St Stephen Independent School District No. 748</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-02-01</maturityDt>
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      <invstOrSec>
        <name>City of Rochester MN</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Centennial Independent School District No. 12</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-01</maturityDt>
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      <invstOrSec>
        <name>University of Minnesota</name>
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          <isin value="US914460MV95"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Jordan Independent School District No. 717</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Plymouth MN</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Southern Minnesota Municipal Power Agency</name>
        <lei>N/A</lei>
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          <isin value="US843375QN96"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Western Minnesota Municipal Power Agency</name>
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          <isin value="US958697KD59"/>
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          <maturityDt>2035-01-01</maturityDt>
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        <name>St Paul Independent School District No. 625</name>
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        <name>Minneapolis-St Paul Metropolitan Airports Commission</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Minnesota</name>
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        <name>City of Center City MN</name>
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      <invstOrSec>
        <name>Western Minnesota Municipal Power Agency</name>
        <lei>549300LFJK9CQSN2NJ11</lei>
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      <invstOrSec>
        <name>North St Paul-Maplewood-Oakdale Independent School District No. 622</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Minnesota Higher Education Facilities Authority</name>
        <lei>549300DI4V4CIPMX7K35</lei>
        <title>Minnesota Higher Education Facilities Authority</title>
        <cusip>60416HZ49</cusip>
        <identifiers>
          <isin value="US60416HZ494"/>
          <other otherDesc="Inhouse Asset ID" value="642015"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1682175.00000000</valUSD>
        <pctVal>0.153591066950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Maple River Independent School District No. 2135</name>
        <lei>N/A</lei>
        <title>Maple River Independent School District No. 2135</title>
        <cusip>565323CL4</cusip>
        <identifiers>
          <isin value="US565323CL47"/>
          <other otherDesc="Inhouse Asset ID" value="1064824"/>
        </identifiers>
        <balance>6000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7207080.00000000</valUSD>
        <pctVal>0.658042776045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
        <title>State of Minnesota</title>
        <cusip>604146AT7</cusip>
        <identifiers>
          <isin value="US604146AT76"/>
          <other otherDesc="Inhouse Asset ID" value="535977"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5122450.00000000</valUSD>
        <pctVal>0.467705536521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New Prague Independent School District No. 721</name>
        <lei>N/A</lei>
        <title>New Prague Independent School District No. 721</title>
        <cusip>648176HN8</cusip>
        <identifiers>
          <isin value="US648176HN83"/>
          <other otherDesc="Inhouse Asset ID" value="516855"/>
        </identifiers>
        <balance>3090000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3109467.00000000</valUSD>
        <pctVal>0.283910029679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Minneapolis MN</name>
        <lei>54930069TEI1INHRHS55</lei>
        <title>City of Minneapolis</title>
        <cusip>60375BGV2</cusip>
        <identifiers>
          <isin value="US60375BGV27"/>
          <other otherDesc="Inhouse Asset ID" value="1034732"/>
        </identifiers>
        <balance>1400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1590904.00000000</valUSD>
        <pctVal>0.145257564031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-12-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Tax Free Trust</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
