POWER OF ATTORNEY

The undersigned officer of FRANKLIN CUSTODIAN FUNDS, a Delaware
statutory trust  (the "Registrant"), hereby appoint BRUCE G.
LETO, KAREN L. SKIDMORE, CRAIG S. TYLE, DAVID P. GOSS and STEVEN
J. GRAY (with full power to each of them to act alone) her
attorney-in-fact and agent, in all capacities, to execute,
deliver and file in the names of the undersigned, any and all
instruments that said attorneys and agents may deem necessary or
advisable to enable the Registrant to comply with or register any
security issued by the Registrant under the Securities Act of
1933, as amended, and/or the Investment Company Act of 1940, as
amended, and the rules, regulations and interpretations
thereunder, with respect to the Registrant's  Registration
Statement on Form N-14 with respect to the proposed
reorganization of Franklin Capital Growth Fund with and into
Franklin Growth Fund, including any and all pre- and
post-effective amendments thereto, any other document to be filed
with the U.S. Securities and Exchange Commission and any and all
documents required to be filed with respect thereto with any
other regulatory authority.  The undersigned grants to each of
said attorneys, full authority to do every act necessary to be
done in order to effectuate the same as fully, to all intents and
purposes, as she could do if personally present, thereby
ratifying all that said attorneys-in-fact and agents may lawfully
do or cause to be done by virtue hereof.

      The undersigned officer hereby executes this Power of Attorney as
of the 1st day of December, 2008.


/s/ JENNIFER J. BOLT
Jennifer J. Bolt,
Chief Executive Officer - Finance and Administration