(Do not use this space) ------------------------------ ------------------------- OMB APPROVAL ------------------------------ OMB Number: 3235-0230 Expires: May 31, 2000 Estimated average burden hours per response......1.00 ------------------------- ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Wasington, D.C. 20549 FORM N-23C-1 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 JULY 31, 2001 ------------- FRANKLIN CAPITAL CORPORATION -------------------------------------------------------------------------------- (Name of registered closed-end investment company ----------------------------------------------------------------------------------------------------------- Approximate Asset Date of Number of Price Value or 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 ----------------------------------------------------------------------------------------------------------- July 18, Franklin Capital 500 4.91 $3.40 First New York 2001 Corporation Securities Corporation Common Stock ----------------------------------------------------------------------------------------------------------- REMARKS: Franklin Capital Corporation ---------------------------- Name of Registrant By /s/ Hiram M. Lazar ---------------------------- (Name) Date of Statement: August 6, 2001 Chief Financial Officer -------------- ---------------------------- (Title) Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1580 (5-97)