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FRANKLIN TEMPLETON INVESTMENTS
One Franklin Parkway
San Mateo, CA 94403
December 4, 2007
Mr. John C. Grzeskiewicz Examiner
Securities and Exchange Commission
100 F Street, NE
Washington, D.C. 20549
Subject: Franklin Strategic Series (the "Trust") -
Post-Effective Amendment No. 52 to
Registration Statement on Form N-1A (the "Amendment"),
File Nos. 033-39088, 811-06243
Dear Mr. Grzeskiewicz:
Pursuant to your conversation with Mr. Steven J. Gray of our firm and Mr. Bruce
G. Leto of Stradley Ronon Stevens & Young, LLP, counsel to the Trust, the
following is supplemental information relating to the Amendment. The Amendment
was filed with the U.S. Securities and Exchange Commission on September 28, 2007
(Accession #0000872625-07-000020).
The Amendment was filed for the purpose of adding a new series to the Trust,
Franklin Focused Core Equity Fund, and of registering the shares of such new
series for sale to the public. The Amendment did not include the investment
management fees to be paid to Franklin Advisers, Inc. pending specific approval
of such fees by the Trust's Board of Trustees. On December 3, 2007, the Board of
Trustees approved the following investment management fees for Franklin Focused
Core Equity Fund:
A fee equal to an annual rate of:
0.750% of the value of its net assets up to and including $500 million;
0.650% of the value of its net assets over $500 million up to and
including $1 billion;
0.600% of the value of its net assets over $1 billion up to and including
$1.5 billion;
0.550% of the value of its net assets over $1.5 billion up to and including
$6.5 billion;
0.525% of the value of its net assets over $6.5 billion up to and including
$11.5 billion;
0.500% of the value of its net assets over $11.5 billion up to and including
$16.5 billion;
0.490% of the value of its net assets over $16.5 billion up to and including
$19 billion;
0.480% of the value of its net assets over $19 billion up to and including
$21.5 billion; and
0.470% of the value of its net assets over $21.5 billion.
Thank you very much.
Sincerely,
/s/ David P. Goss
Senior Associate General Counsel