UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-09869   

Franklin Floating Rate Master Trust

(Exact name of registrant as specified in charter)

One Franklin Parkway, San Mateo, CA 94403-1906

(Address of principal executive offices) (Zip code)

Craig S. Tyle, One Franklin Parkway, San Mateo, CA 94403-1906

(Name and address of agent for service)

Registrant's telephone number, including area code: (650) 312-2000     

Date of fiscal year end:      7/31       

Date of reporting period:   6/30/15      

Item 1.  Proxy Voting Records.

Franklin Floating Rate Master Series 

CUMULUS MEDIA INC.
Meeting Date:  MAY 14, 2015
Record Date:  MAR 27, 2015
Meeting Type:  ANNUAL

Ticker:  CMLS
Security ID:  231082108

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Lewis W. Dickey, Jr.

Management

For

For

1.2

Elect Director Mary G. Berner

Management

For

For

1.3

Elect Director Brian Cassidy

Management

For

Withhold

1.4

Elect Director Ralph B. Everett

Management

For

For

1.5

Elect Director Alexis Glick

Management

For

Withhold

1.6

Elect Director Jeffrey A. Marcus

Management

For

Withhold

1.7

Elect Director David M. Tolley

Management

For

Withhold

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

Against

3

Ratify PricewaterhouseCoopers LLP as Auditors

Management

For

For