Report of Independent Registered Public Accounting Firm


To the Board of Trustees of Franklin Custodian Funds and
Shareholders of Franklin DynaTech Fund,
 Franklin Focused Growth Fund, Franklin Growth Fund,
 Franklin Income Fund, Franklin U.S. Government
 Securities Fund, and Franklin Utilities Fund

In planning and performing our audits of the financial
 statements of Franklin DynaTech Fund,
Franklin Focused Growth Fund, Franklin Growth Fund,
 Franklin Income Fund, Franklin U.S. Government Securities Fund,
 and Franklin Utilities Fund
 (collectively referred to as the "Funds") as of and for the year
 ended September 30, 2019, in accordance with the standards of
 the Public Company Accounting Oversight Board (United States)
 (PCAOB), we considered the Funds' internal control over
financial reporting, including controls over safeguarding
 securities, as a basis for designing our auditing procedures
 for the purpose of expressing our opinion on the financial
 statements and to comply with the requirements of Form N-CEN,
 but not for the purpose of expressing an opinion on the
 effectiveness of the Funds' internal control over financial
 reporting.  Accordingly, we do not express an opinion
 on the effectiveness of the Funds' internal control
 over financial reporting.

The management of the Funds is responsible for
 establishing and maintaining effective internal
 control over financial reporting. In fulfilling
 this responsibility, estimates and judgments by
 management are required to assess the expected
 benefits and related costs of controls. A company's
 internal control over financial reporting is a
process designed to provide reasonable assurance
 regarding the reliability of financial reporting
 and the preparation of financial statements for
external purposes in accordance with generally accepted
 accounting principles. A company's internal control
 over financial reporting includes those policies
and procedures that (1) pertain to the maintenance
 of records that, in reasonable detail, accurately
 and fairly reflect the transactions and dispositions
 of the assets of the company; (2) provide reasonable
 assurance that transactions are recorded as necessary
 to permit preparation of financial statements in
accordance with generally accepted accounting principles,
 and that receipts and expenditures of the company are
being made only in accordance with authorizations of
management and directors of the company; and (3) provide
reasonable assurance regarding prevention or timely
detection of unauthorized acquisition, use or disposition
 of a company's assets that could have a material effect
 on the financial statements.

Because of its inherent limitations, internal control
 over financial reporting may not prevent or detect
 misstatements. Also, projections of any evaluation
 of effectiveness to future periods are subject to
 the risk that controls may become inadequate because
of changes in conditions, or that the degree of
compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial
 reporting exists when the design or operation
 of a control does not allow management or employees,
 in the normal course of performing their assigned
 functions, to prevent or detect misstatements on a
 timely basis. A material weakness is a deficiency,
 or a combination of deficiencies, in internal control
 over financial reporting, such that there is a reasonable
 possibility that a material misstatement of the company's
 annual or interim financial statements will not be prevented
or detected on a timely basis.

Our consideration of the Funds' internal control over
 financial reporting was for the limited purpose described
 in the first paragraph and would not necessarily disclose
 all deficiencies in internal control over financial reporting
 that might be material weaknesses under standards established
 by the PCAOB. However, we noted no deficiencies in the Funds'
 internal control over financial reporting and its operation,
 including controls over safeguarding securities, that we
consider to be a material weakness as defined above as of
September 30, 2019.

This report is intended solely for the information and use
 of the Board of Trustees of Franklin Custodian Funds and
 the Securities and Exchange Commission and is not intended
 to be and should not be used by anyone other than these
 specified parties.



/s/PricewaterhouseCoopers LLP
San Francisco, California
November 14, 2019