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        <name>Ohio Water Development Authority</name>
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        <name>City of Providence RI</name>
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        <name>Auburn School District No. 408 of King &amp; Pierce Counties</name>
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        <name>Virginia Small Business Financing Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
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        <name>Main Street Natural Gas, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-01</maturityDt>
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        <name>Albermarle County Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Eastern Kentucky University</name>
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        <name>North Carolina Capital Facilities Finance Agency</name>
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        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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        <name>Philadelphia Gas Works Co.</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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      <invstOrSec>
        <name>Michigan Strategic Fund</name>
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        <name>Garden State Preservation Trust</name>
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          <maturityDt>2028-11-01</maturityDt>
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        <name>Delaware State Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York Transportation Development Corp.</name>
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        <name>County of King WA</name>
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          <maturityDt>2023-12-01</maturityDt>
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        <name>City of Providence RI</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>County of Cuyahoga OH</name>
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        <name>Spokane County School District No. 354 Mead</name>
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        <name>Kentucky Public Energy Authority</name>
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        <name>Michigan State Housing Development Authority</name>
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        <name>Tennessee Energy Acquisition Corp.</name>
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        <name>Fort Carson Family Housing LLC</name>
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        <name>Virginia Small Business Financing Authority</name>
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        <name>State of Texas</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Chicago IL</name>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Oregon</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Missouri Development Finance Board</name>
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        <name>North Carolina State University at Raleigh</name>
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        <name>Tennessee Energy Acquisition Corp.</name>
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        <name>Kentucky Public Energy Authority</name>
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          <maturityDt>2025-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Southeast Energy Authority A Cooperative District</name>
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        <name>University of Pittsburgh-of the Commonwealth System of Higher Education</name>
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        <name>Louisiana Public Facilities Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>California Community Choice Financing Authority</name>
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        <name>Mount San Antonio Community College District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oklahoma Capitol Improvement Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-07-01</maturityDt>
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          <annualizedRt>0.45300000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Transit Authority Capital Grant Receipts Revenue</name>
        <lei>N/A</lei>
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          <isin value="US167723HB45"/>
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        <balance>1425000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
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          <isin value="US13078HAX08"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3134863.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
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          <annualizedRt>2.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Delaware Valley Regional Finance Authority</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-09-01</maturityDt>
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      <invstOrSec>
        <name>River Hall Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US768247AM09"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>229058.39000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Geisinger Authority</name>
        <lei>N/A</lei>
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          <isin value="US368497HH96"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10170321.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.13200005</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Black Belt Energy Gas District</name>
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        <title>Black Belt Energy Gas District</title>
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          <isin value="US09182NAX84"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>421379.64000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>North Carolina Medical Care Commission</name>
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          <isin value="US65820HTM50"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-10-01</maturityDt>
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          <annualizedRt>0.01999835</annualizedRt>
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        <name>Black Belt Energy Gas District</name>
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        <balance>490000.00000000</balance>
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        <valUSD>507757.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Missouri Development Finance Board</name>
        <lei>549300JD8BCNBV9D3830</lei>
        <title>Missouri Development Finance Board</title>
        <cusip>60636SHH0</cusip>
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          <isin value="US60636SHH04"/>
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        <balance>280000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-01</maturityDt>
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        <name>New York City Water &amp; Sewer System</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-15</maturityDt>
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          <annualizedRt>0.04000035</annualizedRt>
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        <name>Southeast Energy Authority A Cooperative District</name>
        <lei>25490090A3RLJHITY273</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Louisiana Public Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of New Jersey</name>
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        <name>New York State Energy Research &amp; Development Authority</name>
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        <name>Orlando-Orange County Expressway Authority</name>
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        <name>University of Washington</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>Jacksonville Transportation Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>University of California</name>
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        <name>Tulsa County Industrial Authority</name>
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        <name>Special Care Facilities Financing Authority of the City of Pell City Alabama</name>
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        <name>New York Liberty Development Corp.</name>
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        <name>University of Hawaii</name>
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        <balance>1170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1263824.99000000</valUSD>
        <pctVal>0.087949674758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Industrial Development Board of the City of Mobile Alabama</name>
        <lei>N/A</lei>
        <title>Industrial Development Board of the City of Mobile Alabama, Series 2008</title>
        <cusip>607167DX8</cusip>
        <identifiers>
          <isin value="US607167DX82"/>
          <other otherDesc="Inhouse Asset ID" value="944969"/>
        </identifiers>
        <balance>7550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7912447.57000000</valUSD>
        <pctVal>0.550627813055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.90000160</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>West Virginia Economic Development Authority</name>
        <lei>549300WW88TKKF5H1220</lei>
        <title>West Virginia Economic Development Authority</title>
        <cusip>95648VBH1</cusip>
        <identifiers>
          <isin value="US95648VBH15"/>
          <other otherDesc="Inhouse Asset ID" value="1161003"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>992001.30000000</valUSD>
        <pctVal>0.069033444017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.62500000</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>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority</title>
        <cusip>45506EEJ8</cusip>
        <identifiers>
          <isin value="US45506EEJ82"/>
          <other otherDesc="Inhouse Asset ID" value="1173938"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1033841.00000000</valUSD>
        <pctVal>0.071945071842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</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>New York City Industrial Development Agency</name>
        <lei>549300XR20ZR5DHL9534</lei>
        <title>New York City Industrial Development Agency</title>
        <cusip>64971PKS3</cusip>
        <identifiers>
          <isin value="US64971PKS38"/>
          <other otherDesc="Inhouse Asset ID" value="1134022"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1095181.60000000</valUSD>
        <pctVal>0.076213768744</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Private Colleges &amp; Universities Authority</name>
        <lei>N/A</lei>
        <title>Private Colleges &amp; Universities Authority</title>
        <cusip>74265LV88</cusip>
        <identifiers>
          <isin value="US74265LV888"/>
          <other otherDesc="Inhouse Asset ID" value="1152245"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>311798.55000000</valUSD>
        <pctVal>0.021698084212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>California Community Choice Financing Authority</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>California Community Choice Financing Authority</title>
        <cusip>13013JAF3</cusip>
        <identifiers>
          <isin value="US13013JAF30"/>
          <other otherDesc="Inhouse Asset ID" value="1163465"/>
        </identifiers>
        <balance>375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>438118.28000000</valUSD>
        <pctVal>0.030488683588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</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>Auburn School District No. 408 of King &amp; Pierce Counties</name>
        <lei>N/A</lei>
        <title>Auburn School District No. 408 of King &amp; Pierce Counties</title>
        <cusip>494619EH8</cusip>
        <identifiers>
          <isin value="US494619EH88"/>
          <other otherDesc="Inhouse Asset ID" value="921938"/>
        </identifiers>
        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2121215.63000000</valUSD>
        <pctVal>0.147615552966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>2021-12-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Tax Free Trust</ncom:nameOfApplicant>
      <ncom:signature>Jeffrey W. White </ncom:signature>
      <ncom:signerName>Jeffrey W. White </ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
