X0101 EFFECT 33 LIVE 2010-06-16 0001379491-10-000232 485APOS 0000825063 FRANKLIN MUTUAL SERIES FUNDS 033-18516 S000007860 MUTUAL BEACON FUND C000021373 CLASS A S000007860 MUTUAL BEACON FUND C000021374 CLASS B S000007860 MUTUAL BEACON FUND C000021375 CLASS C S000007860 MUTUAL BEACON FUND C000021376 CLASS Z S000007860 MUTUAL BEACON FUND C000082421 CLASS R S000007861 MUTUAL GLOBAL DISCOVERY FUND C000021377 CLASS A S000007861 MUTUAL GLOBAL DISCOVERY FUND C000021378 CLASS B S000007861 MUTUAL GLOBAL DISCOVERY FUND C000021379 CLASS C S000007861 MUTUAL GLOBAL DISCOVERY FUND C000021380 CLASS Z S000007861 MUTUAL GLOBAL DISCOVERY FUND C000021381 CLASS R S000007862 MUTUAL EUROPEAN FUND C000021382 CLASS A S000007862 MUTUAL EUROPEAN FUND C000021383 CLASS B S000007862 MUTUAL EUROPEAN FUND C000021384 CLASS C S000007862 MUTUAL EUROPEAN FUND C000021385 CLASS Z S000007862 MUTUAL EUROPEAN FUND C000082422 CLASS R S000007863 MUTUAL QUEST FUND C000021386 CLASS A S000007863 MUTUAL QUEST FUND C000021387 CLASS B S000007863 MUTUAL QUEST FUND C000021388 CLASS C S000007863 MUTUAL QUEST FUND C000021389 CLASS Z S000007863 MUTUAL QUEST FUND C000078832 CLASS R S000007864 MUTUAL SHARES FUND C000021390 CLASS A S000007864 MUTUAL SHARES FUND C000021391 CLASS B S000007864 MUTUAL SHARES FUND C000021392 CLASS C S000007864 MUTUAL SHARES FUND C000021393 CLASS Z S000007864 MUTUAL SHARES FUND C000021394 CLASS R S000007865 MUTUAL FINANCIAL SERVICES FUND C000021395 CLASS A S000007865 MUTUAL FINANCIAL SERVICES FUND C000021396 CLASS B S000007865 MUTUAL FINANCIAL SERVICES FUND C000021397 CLASS C S000007865 MUTUAL FINANCIAL SERVICES FUND C000021398 CLASS Z S000025452 Mutual International Fund C000076161 CLASS A S000025452 Mutual International Fund C000076162 CLASS C S000025452 Mutual International Fund C000076163 CLASS R S000025452 Mutual International Fund C000076164 CLASS Z