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      <invstOrSec>
        <name>Haemonetics Corp.</name>
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      <invstOrSec>
        <name>Lattice Semiconductor Corp.</name>
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        <title>Lattice Semiconductor Corp.</title>
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        <name>Integer Holdings Corp.</name>
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      <invstOrSec>
        <name>Oddity Tech Ltd.</name>
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        <name>Benchling, Inc.</name>
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        <name>Insmed, Inc.</name>
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      <invstOrSec>
        <name>Dyne Therapeutics, Inc.</name>
        <lei>N/A</lei>
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        <name>CryoPort, Inc.</name>
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        <name>Kura Oncology, Inc.</name>
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        <name>Checkr, Inc.</name>
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        <name>Freshpet, Inc.</name>
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        <name>JFrog Ltd.</name>
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        <name>Allegiant Travel Co.</name>
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        <name>Tula eTechnology, Inc.</name>
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        <name>1661, Inc.</name>
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        <name>Lumentum Holdings, Inc.</name>
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        <name>Confluent, Inc.</name>
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        <name>Repay Holdings Corp.</name>
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        <name>Wheels Up Experience, Inc.</name>
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        <name>ClearMotion, Inc.</name>
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        <title>ClearMotion, Inc.</title>
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        <name>Steven Madden Ltd.</name>
        <lei>549300Z9GZ7GYJWSGF43</lei>
        <title>Steven Madden Ltd.</title>
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        <name>RBC Bearings, Inc.</name>
        <lei>N/A</lei>
        <title>RBC Bearings, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Gitlab, Inc.</name>
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      <invstOrSec>
        <name>Twist Bioscience Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Shift4 Payments, Inc.</name>
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        <name>Cytokinetics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Portillo's, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Pinnacle Financial Partners, Inc.</name>
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          <isin value="US72346Q1040"/>
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        <fairValLevel>1</fairValLevel>
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        <name>HealthEquity, Inc.</name>
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          <isin value="US42226A1079"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Day One Biopharmaceuticals, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Janux Therapeutics, Inc.</name>
        <lei>N/A</lei>
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        <name>Centessa Pharmaceuticals plc</name>
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        <invCountry>GB</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>Cullinan Therapeutics, Inc.</name>
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        <title>Cullinan Therapeutics, Inc.</title>
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        <name>Freshworks, Inc.</name>
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        <name>ZoomInfo Technologies, Inc.</name>
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        <title>ZoomInfo Technologies, Inc., Class A</title>
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        <name>Performance Food Group Co.</name>
        <lei>549300EUK8GR9IT1YK57</lei>
        <title>Performance Food Group Co.</title>
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        <name>Wheels Up Experience, Inc.</name>
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        <name>Red Rock Resorts, Inc.</name>
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        <name>CS Disco, Inc.</name>
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        <name>Loar Holdings, Inc.</name>
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        <name>ClearMotion, Inc.</name>
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        <name>AAON, Inc.</name>
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        <title>AAON, Inc.</title>
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      <invstOrSec>
        <name>Wheels Up Experience, Inc.</name>
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        <name>Titan America SA</name>
        <lei>9845007APCB6462D6C46</lei>
        <title>Titan America SA</title>
        <cusip>N/A</cusip>
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        <balance>289900.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3835377.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Simply Good Foods Co. (The)</name>
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        <name>Alaska Air Group, Inc.</name>
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        <name>BWX Technologies, Inc.</name>
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        <name>CG oncology, Inc.</name>
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        <name>Couchbase, Inc.</name>
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        <name>Kestra Medical Technologies Ltd.</name>
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        <name>Cava Group, Inc.</name>
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        <name>AAR Corp.</name>
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        <name>Syndax Pharmaceuticals, Inc.</name>
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        <name>SPS Commerce, Inc.</name>
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        <name>Vaxcyte, Inc.</name>
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        <name>Procore Technologies, Inc.</name>
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        <name>Ascendis Pharma A/S</name>
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        <name>Tula eTechnology, Inc.</name>
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        <name>Ceribell, Inc.</name>
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        <name>Pebblebrook Hotel Trust</name>
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        <title>Pebblebrook Hotel Trust</title>
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        <name>Monday.com Ltd.</name>
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        <name>BellRing Brands, Inc.</name>
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        <name>GeneDx Holdings Corp.</name>
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        <name>Matador Resources Co.</name>
        <lei>549300CI3Q2UUK5R4G79</lei>
        <title>Matador Resources Co.</title>
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        <name>Pulmonx Corp.</name>
        <lei>549300WZMFR0ZK7RJY40</lei>
        <title>Pulmonx Corp.</title>
        <cusip>745848101</cusip>
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        <invCountry>US</invCountry>
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        <name>Olema Pharmaceuticals, Inc.</name>
        <lei>N/A</lei>
        <title>Olema Pharmaceuticals, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Silicon Laboratories, Inc.</name>
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        <name>Smule, Inc.</name>
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        <name>Flywire Corp.</name>
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        <title>Flywire Corp.</title>
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        <name>Structure Therapeutics, Inc.</name>
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        <name>Bridge Investment Group Holdings, Inc.</name>
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        <name>Wingstop, Inc.</name>
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        <name>Houlihan Lokey, Inc.</name>
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        <name>Vontier Corp.</name>
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        <name>Chinook Therapeutics, Inc.</name>
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        <name>M/I Homes, Inc.</name>
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        <name>Western Alliance Bancorp</name>
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      <invstOrSec>
        <name>Smule, Inc.</name>
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        <name>Acumen Pharmaceuticals, Inc.</name>
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        <name>Institutional Fiduciary Trust Money Market Portfolio</name>
        <lei>N/A</lei>
        <title>Institutional Fiduciary Trust Money Market Portfolio</title>
        <cusip>8611239C3</cusip>
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        <name>Boot Barn Holdings, Inc.</name>
        <lei>529900QE1BFMYA3N4E71</lei>
        <title>Boot Barn Holdings, Inc.</title>
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        <name>EyePoint Pharmaceuticals, Inc.</name>
        <lei>549300QE1RU34T50MR69</lei>
        <title>EyePoint Pharmaceuticals, Inc.</title>
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        <name>Intapp, Inc.</name>
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        <name>OneTrust LLC</name>
        <lei>984500WD5532BB49FA33</lei>
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        <name>Onto Innovation, Inc.</name>
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        <name>Legalzoom.com, Inc.</name>
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        <title>Legalzoom.com, Inc.</title>
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        <name>ClearMotion, Inc.</name>
        <lei>254900AOZNAIGTQZCA74</lei>
        <title>ClearMotion, Inc., Series A-3</title>
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      <invstOrSec>
        <name>Newsela, Inc.</name>
        <lei>N/A</lei>
        <title>Newsela, Inc., Series D</title>
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        <name>NeoGenomics, Inc.</name>
        <lei>N/A</lei>
        <title>NeoGenomics, Inc.</title>
        <cusip>64049M209</cusip>
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        <name>Lithia Motors, Inc.</name>
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        <name>Privia Health Group, Inc.</name>
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        <name>Infinity Natural Resources, Inc.</name>
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        <name>Optoro, Inc.</name>
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        <name>SiTime Corp.</name>
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        <title>SiTime Corp.</title>
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        <name>Nerdy, Inc.</name>
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        <name>Structure Therapeutics, Inc.</name>
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        <name>Institutional Fiduciary Trust - Money Market Portfolio</name>
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        <title>Institutional Fiduciary Trust - Money Market Portfolio</title>
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        <name>Texas Roadhouse, Inc.</name>
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        <name>American Eagle Outfitters, Inc.</name>
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        <name>ServiceTitan, Inc.</name>
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        <name>BigCommerce Holdings, Inc.</name>
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        <name>New York Times Co. (The)</name>
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        <name>Alkami Technology, Inc.</name>
        <lei>254900FCNYU4HNEV9L47</lei>
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        <name>Tri Pointe Homes, Inc.</name>
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        <title>Tri Pointe Homes, Inc.</title>
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        <balance>581052.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17867349.00000000</valUSD>
        <pctVal>0.783115137953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kratos Defense &amp; Security Solutions, Inc.</name>
        <lei>5493000EKBN0UY1F3F88</lei>
        <title>Kratos Defense &amp; Security Solutions, Inc.</title>
        <cusip>50077B207</cusip>
        <identifiers>
          <isin value="US50077B2079"/>
          <other otherDesc="Inhouse Asset ID" value="178574"/>
        </identifiers>
        <balance>1487219.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50245693.92000000</valUSD>
        <pctVal>2.202238481250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Flock Group, Inc.</name>
        <lei>N/A</lei>
        <title>Flock Group, Inc., Series G</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1337870"/>
        </identifiers>
        <balance>987540.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14585175.77000000</valUSD>
        <pctVal>0.639259463460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Smule, Inc.</name>
        <lei>N/A</lei>
        <title>Smule, Inc., Series J</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1225860"/>
        </identifiers>
        <balance>162712.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1853439.21000000</valUSD>
        <pctVal>0.081235123499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <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>2025-05-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Strategic Series</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
