(Do not use this space) UNITED STATES ---------------------------
---------------------- SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
| WASHINGTON, D.C. 20549 ---------------------------
| OMB Number: 3235-0230
| Expires: May 31, 2000
| Estimated average burden
| FORM N-23C-1 hours per response ....1.00
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STATEMENT BY REGISTERED CLOSED-END
INVESTMENT COMPANY WITH RESPECT TO PURCHASES OF ITS OWN
SECURITIES PURSUANT TO RULE N-23C-1 DURING THE LAST CALENDAR MONTH
(See rules and instructions on back of this form. If acknowledgment is desired,
file this form with the Commission in triplicate.)
REPORT FOR CALENDAR MONTH ENDING May 31, 2001
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Franklin Capital Corporation
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(Name of registered closed-end investment company)
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Approximate Asset
Date of Number of Price Value of Approximate Name of Seller
Each Identification Shares Per Asset Coverage Per Share or of
Transaction of Security Purchased Share at Time of Purchase Seller's Broker
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May 18, 2001 Franklin Capital 1,000 $5.20 $4.00 First New York
Corporation Securities Corp.
Common Stock
May 22, 2001 7,900 $5.15 $4.00
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REMARKS
Franklin Capital Corporation
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Name of Registrant
By /s/ Hiram L. Lazar
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(Name)
Date of Statement: June 11, 2001 Chief Financial Officer
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(Title)
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
SUSTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A
RECENTLY VALID OMB CONTROL NUMBER.
SEC 1580 (5/97)