<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13D/A</submissionType>
    <previousAccessionNumber>0000769317-23-000073</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: SIT INVESTMENT ASSOCIATES INC -->
          <cik>0000769317</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>13</amendmentNo>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <dateOfEvent>07/27/2026</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0000827773</issuerCIK>
        <issuerCusips>
          <issuerCusipNumber>746853100</issuerCusipNumber>
        </issuerCusips>
        <issuerName>Franklin Premier Income Trust</issuerName>
        <address>
          <com:street1>100 FEDERAL STREET</com:street1>
          <com:city>BOSTON</com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>02110</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Paul E. Rasmussen</personName>
          <personPhoneNum>612-332-3223</personPhoneNum>
          <personAddress>
            <com:street1>80 South Eighth Street</com:street1>
            <com:street2>Suite 3300</com:street2>
            <com:city>Minneapolis</com:city>
            <com:stateOrCountry>MN</com:stateOrCountry>
            <com:zipCode>55402-4130</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0000769317</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Sit Investment Associates, Inc.</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>MN</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>28756835.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>28756835.00</sharedDispositivePower>
        <aggregateAmountOwned>28756835.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>30.1</percentOfClass>
        <typeOfReportingPerson>IA</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0001053046</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Sit Fixed Income Advisors II, LLC</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>28756835.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>28756835.00</sharedDispositivePower>
        <aggregateAmountOwned>28756835.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>30.1</percentOfClass>
        <typeOfReportingPerson>IA</typeOfReportingPerson>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Common Stock</securityTitle>
        <issuerName>Franklin Premier Income Trust</issuerName>
        <issuerPrincipalAddress>
          <com:street1>100 FEDERAL STREET</com:street1>
          <com:city>BOSTON</com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>02110</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>This Amendment No. 13 ("Amendment") amends and supplements the statement on Schedule 13D filed on October 2, 2023, and amended by Amendment No. 1 filed on January 4, 2024, Amendment No. 2 filed on April 3, 2024, Amendment 3 filed on May 7, 2024, Amendment No. 4 filed on September 9, 2024, Amendment No. 5 filed on December 12, 2024, Amendment No. 6 filed January 8, 2025, Amendment No. 7 filed on March 19, 2025, Amendment No. 8 filed on April 8, 2025, Amendment No. 9 filed on May 9, 2025, Amendment No. 10 filed on July 17, 2025, Amendment No. 11 filed on August 29, 2025, and Amendment No. 12 filed on November 21, 2025 (as amended, the "Original Schedule 13D" and, as amended by this Amendment, the "Schedule 13D"), relating to the shares of Common Stock ("Shares)" of Franklin Premier Income Trust (the "Issuer").  Except as specifically provided herein, each Item of the Original Schedule 13D remains unchanged.  Capitalized terms used but not otherwise defined herein have the meanings set forth in the Original Schedule 13D.</commentText>
      </item1>
      <item5>
        <percentageOfClassSecurities>See responses on each cover page of this Schedule 13D for the aggregate number of Shares and percentages of the Shares beneficially owned by each of the Reporting Persons.  The aggregate percentage of Shares reported owned by Sit Entities herein is based upon 95,567,537  Shares outstanding as of January 31, 2026, which is the total number of Shares outstanding as reported in the Issuer's Form N-CSRS.</percentageOfClassSecurities>
        <numberOfShares>See responses on each cover page of this Schedule 13D for the number of Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole of shared power to dispose or to direct the disposition.  Each of the Sit Entities may be deemed to have shared power to vote and dispose of such Shares. However, none of SIA's or SFI's client accounts own more than 5% of the shares outstanding, and none of SIA's or SFI's directors or executive officers own shares directly.</numberOfShares>
        <transactionDesc>Transactions in Shares effected during the past 60 days by the Sit Entities  are set forth in Exhibit A.</transactionDesc>
        <listOfShareholders>The clients of SIA and SFI have the right to participate in the receipt of dividends from, or proceeds from the sales of, the Shares held for their respective accounts.</listOfShareholders>
        <date5PercentOwnership>Not applicable</date5PercentOwnership>
      </item5>
      <item7>
        <filedExhibits>Exhibit A:  Schedule of Transactions in Shares by Sit Entities in the last 60 days.</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Sit Investment Associates, Inc.</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Roger J. Sit</signature>
          <title>Roger J. Sit, Chairman &amp; CEO</title>
          <date>07/29/2026</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Sit Fixed Income Advisors II, LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Roger J. Sit</signature>
          <title>Roger J. Sit, Chairman &amp; CEO</title>
          <date>07/29/2026</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>

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