<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns:com="http://www.sec.gov/edgar/common" xmlns="http://www.sec.gov/edgar/npx">
  <headerData>
    <submissionType>N-PX</submissionType>
    <filerInfo>
      <registrantType>RMIC</registrantType>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0000825063</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-1A</investmentCompanyType>
      <periodOfReport>06/30/2025</periodOfReport>
    </filerInfo>
    <seriesClass>
      <reportSeriesClass>
        <rptSeriesClassInfo>
          <seriesId>S000007860</seriesId>
          <classInfo>
            <classId>C000021373</classId>
          </classInfo>
          <classInfo>
            <classId>C000021375</classId>
          </classInfo>
          <classInfo>
            <classId>C000021376</classId>
          </classInfo>
          <classInfo>
            <classId>C000082421</classId>
          </classInfo>
          <classInfo>
            <classId>C000128727</classId>
          </classInfo>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000007861</seriesId>
          <classInfo>
            <classId>C000021377</classId>
          </classInfo>
          <classInfo>
            <classId>C000021379</classId>
          </classInfo>
          <classInfo>
            <classId>C000021380</classId>
          </classInfo>
          <classInfo>
            <classId>C000021381</classId>
          </classInfo>
          <classInfo>
            <classId>C000128728</classId>
          </classInfo>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000007862</seriesId>
          <classInfo>
            <classId>C000021382</classId>
          </classInfo>
          <classInfo>
            <classId>C000021384</classId>
          </classInfo>
          <classInfo>
            <classId>C000021385</classId>
          </classInfo>
          <classInfo>
            <classId>C000082422</classId>
          </classInfo>
          <classInfo>
            <classId>C000128729</classId>
          </classInfo>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000007863</seriesId>
          <classInfo>
            <classId>C000021386</classId>
          </classInfo>
          <classInfo>
            <classId>C000021388</classId>
          </classInfo>
          <classInfo>
            <classId>C000021389</classId>
          </classInfo>
          <classInfo>
            <classId>C000078832</classId>
          </classInfo>
          <classInfo>
            <classId>C000128730</classId>
          </classInfo>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000007864</seriesId>
          <classInfo>
            <classId>C000021390</classId>
          </classInfo>
          <classInfo>
            <classId>C000021392</classId>
          </classInfo>
          <classInfo>
            <classId>C000021393</classId>
          </classInfo>
          <classInfo>
            <classId>C000021394</classId>
          </classInfo>
          <classInfo>
            <classId>C000128731</classId>
          </classInfo>
        </rptSeriesClassInfo>
      </reportSeriesClass>
    </seriesClass>
  </headerData>
  <formData>
    <coverPage>
      <yearOrQuarter>YEAR</yearOrQuarter>
      <reportCalendarYear>2025</reportCalendarYear>
      <reportingPerson>
        <name>Franklin Mutual Series Funds </name>
        <phoneNumber>650-312-2000</phoneNumber>
        <address>
          <com:street1>One Franklin Parkway</com:street1>
          <com:city>San Mateo</com:city>
          <com:stateOrCountry>CA</com:stateOrCountry>
          <com:zipCode>94403-1906</com:zipCode>
        </address>
      </reportingPerson>
      <agentForService>
        <name>Alison E. Baur</name>
        <address>
          <com:street1>One Franklin Parkway</com:street1>
          <com:city>San Mateo</com:city>
          <com:stateOrCountry>CA</com:stateOrCountry>
          <com:zipCode>94403-1906</com:zipCode>
        </address>
      </agentForService>
      <reportInfo>
        <reportType>FUND VOTING REPORT</reportType>
        <confidentialTreatment>N</confidentialTreatment>
      </reportInfo>
      <fileNumber>811-05387</fileNumber>
      <leiNumber>549300DW3N5FG4OTT022</leiNumber>
      <explanatoryInformation>
        <explanatoryChoice>N</explanatoryChoice>
      </explanatoryInformation>
    </coverPage>
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
    </summaryPage>
    <seriesPage>
      <seriesCount>5</seriesCount>
      <seriesDetails>
        <seriesReports>
          <idOfSeries>S000007860</idOfSeries>
          <nameOfSeries>Franklin Mutual Beacon Fund</nameOfSeries>
          <leiOfSeries>2P5J8F77YSRTYSP23G45</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000007861</idOfSeries>
          <nameOfSeries>Franklin Mutual Global Discovery Fund</nameOfSeries>
          <leiOfSeries>MCWMYIJMNSM9HLUJFK91</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000007862</idOfSeries>
          <nameOfSeries>Franklin Mutual International Value Fund</nameOfSeries>
          <leiOfSeries>RLTH36HD42VD8KSXLM66</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000007863</idOfSeries>
          <nameOfSeries>Franklin Mutual Quest Fund</nameOfSeries>
          <leiOfSeries>NWF7KZ3BJ6U1TY06BL48</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000007864</idOfSeries>
          <nameOfSeries>Franklin Mutual Shares Fund</nameOfSeries>
          <leiOfSeries>QOET654RR8JMYG00F771</leiOfSeries>
        </seriesReports>
      </seriesDetails>
    </seriesPage>
    <signaturePage>
      <reportingPerson>Franklin Mutual Series Funds </reportingPerson>
      <txSignature>Christopher Kings</txSignature>
      <txPrintedSignature>Christopher Kings</txPrintedSignature>
      <txTitle>Chief Executive Officer ? Finance and Administration</txTitle>
      <txAsOfDate>08/15/2025</txAsOfDate>
    </signaturePage>
  </formData>
</edgarSubmission>
