(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 Washington, 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 February 28, 2001 ------------------- Franklin Capital Corporation -------------------------------------------------------------------------------- (Name of registered closed-end investment company) -------------------------------------------------------------------------------- Approximate Asset Value or Approximate Asset Coverage Date of Number of Price Per Share Name of Seller Each Identification Shares Per at Time or of Transaction of Security Purchased Share of Purchase Seller's Broker -------------------------------------------------------------------------------- First New York February Franklin 400 $6.12 $5.04 Securities Corp. 23, 2001 Capital Corporation Common Stock -------------------------------------------------------------------------------- REMARKS: Franklin Capital Corporation ----------------------------------------- Name of Registrant By /s/ Hiram Lazar ----------------------------------------- (Name) Date of Statement: March 7, 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 CORRECTLY VALID OMB CONTROL NUMBER. SEC 1580 (5-97)