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        <name>Chicago Transit Authority Capital Grant Receipts Revenue</name>
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        <name>Conroe Local Government Corp.</name>
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        <name>Massachusetts Clean Water Trust (The)</name>
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        <name>University of Massachusetts Building Authority</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Cobb County Kennestone Hospital Authority</name>
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        <name>Charlotte-Mecklenburg Hospital Authority (The)</name>
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        <name>Troy Capital Resource Corp.</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Golden State Tobacco Securitization Corp.</name>
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        <name>Massachusetts Clean Water Trust (The)</name>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116DR41"/>
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        <name>Central Texas Regional Mobility Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>State of Illinois Sales Tax Revenue</name>
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        <name>County of Berkeley SC Combined Utility System Revenue</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Long Island Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lancaster County Solid Waste Management Authority</name>
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          <isin value="US514061AW08"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US04052BPW80"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Ector County Hospital District</name>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-15</maturityDt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Goshen IN</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>2024-08-01</maturityDt>
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        <name>Arkansas Development Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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        <name>Cobb County Kennestone Hospital Authority</name>
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        <name>JEA Water &amp; Sewer System Revenue</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Rutgers The State University of New Jersey</name>
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        <name>Virginia Public School Authority</name>
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        <name>Illinois Finance Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>Capital Projects Finance Authority</name>
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        <name>City of Chicago IL</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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        <name>San Antonio Education Facilities Corp.</name>
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        <name>Lafayette Consolidated Government</name>
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        <name>North Texas Tollway Authority</name>
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        <name>City of Baltimore MD</name>
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        <name>Lakeside Place PFC</name>
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        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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        <name>Energy Northwest</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Chatom Industrial Development Board</name>
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        <name>Massachusetts Clean Energy Cooperative Corp.</name>
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        <name>New Jersey Educational Facilities Authority</name>
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        <name>City of New York NY</name>
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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Town of Chestertown MD</name>
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          <maturityDt>2031-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Ector County Hospital District</name>
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          <maturityDt>2029-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Port Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of South Miami Health Facilities Authority, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-15</maturityDt>
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        <name>County of Palm Beach FL Water &amp; Sewer Revenue</name>
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          <maturityDt>2028-10-01</maturityDt>
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        <name>Arizona Industrial Development Authority</name>
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          <maturityDt>2031-11-01</maturityDt>
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        <name>Southeast Missouri State University</name>
        <lei>N/A</lei>
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        <name>North Carolina State Education Assistance Authority</name>
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        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. III</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>Tennessee Energy Acquisition Corp.</name>
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        <invCountry>US</invCountry>
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        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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        <name>Broward County FL Water &amp; Sewer Utility Revenue</name>
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      <invstOrSec>
        <name>City of El Paso TX</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-15</maturityDt>
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      <invstOrSec>
        <name>Alaska Municipal Bond Bank Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Palm Beach County Health Facilities Authority</name>
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          <isin value="US69651ABM53"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Westside 211 Special Improvement District</name>
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          <isin value="US96145JAR32"/>
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        <curCd>USD</curCd>
        <valUSD>353800.95000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-08-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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          <isin value="US20775DJL73"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Houston TX Combined Utility System Revenue</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-05-15</maturityDt>
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        <name>Colorado Health Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. III</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>New Jersey Educational Facilities Authority</name>
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        <name>Michigan State Hospital Finance Authority</name>
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        <name>Kent State University</name>
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        <name>Metropolitan Transit Authority of Harris County Sales &amp; Use Tax Revenue</name>
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        <name>Louisiana Public Facilities Authority</name>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. III</name>
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        <name>Michigan Finance Authority</name>
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        <name>Iowa Higher Education Loan Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <name>Indiana Finance Authority</name>
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        <name>City of New York NY</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-01</maturityDt>
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        <name>Orlando Utilities Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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        <name>County of Miami-Dade FL Transit System</name>
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        <name>Massachusetts School Building Authority</name>
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        <name>City of Lehi UT Sales Tax Revenue</name>
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        <name>New York Liberty Development Corp.</name>
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        <name>Tennessee State School Bond Authority</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Palm Beach County School District</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>Texas Transportation Commission State Highway Fund</name>
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        <name>Pennsylvania State University (The)</name>
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        <name>Maine Health &amp; Higher Educational Facilities Authority</name>
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        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2749914.00000000</valUSD>
        <pctVal>0.079266637983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-10-01</maturityDt>
          <couponKind>Variable</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>Washington Metropolitan Area Transit Authority</name>
        <lei>549300ADKOK76HQMJS30</lei>
        <title>Washington Metropolitan Area Transit Authority</title>
        <cusip>938782FL8</cusip>
        <identifiers>
          <isin value="US938782FL88"/>
          <other otherDesc="Inhouse Asset ID" value="671448"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5830829.50000000</valUSD>
        <pctVal>0.168074438371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</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>Iowa Higher Education Loan Authority</name>
        <lei>549300DWVTM3KRNR0M36</lei>
        <title>Iowa Higher Education Loan Authority</title>
        <cusip>4624607H3</cusip>
        <identifiers>
          <isin value="US4624607H33"/>
          <other otherDesc="Inhouse Asset ID" value="1118290"/>
        </identifiers>
        <balance>2595000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3069537.27000000</valUSD>
        <pctVal>0.088479821390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</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>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio</title>
        <cusip>67756CEX2</cusip>
        <identifiers>
          <isin value="US67756CEX20"/>
          <other otherDesc="Inhouse Asset ID" value="1105418"/>
        </identifiers>
        <balance>905000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>996946.37000000</valUSD>
        <pctVal>0.028737112142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</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>
    </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>2022-03-30</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>
</edgarSubmission>
