SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): April 15, 2005


                           FRANKLIN AUTO TRUST 2004-2

             (Exact name of registrant as specified in its charter)


         DELAWARE                       333-106297              11-6600816
(State or other jurisdiction           (Commission            (IRS Employer
     of incorporation)                  File Nos.)       Identification Number)


    47 WEST 200 SOUTH, SUITE 500, SALT LAKE CITY, UTAH                 84101
         (Address of principal executive offices)                   (Zip Code)


        Registrant's telephone number, including area code: (800) 763-3400


--------------------------------------------------------------------------------

          (Former name or former address, if changed since last report)





<PAGE>

Item 8.01    Other Events

The Monthly  Servicing Report relating to the Franklin Auto Trust 2004-2 for the
Collection Period ended March 31, 2005 is attached hereto as Exhibit 19.1 and
incorporated herein by this reference.

Item 9.01    Financial Statements and Exhibits.

(c) Exhibit

Exhibit 19.1 -      Franklin Auto Trust 2004-2 Monthly Servicing Report for the
                    Collection Period ending March 31, 2005

<PAGE>


                                   SIGNATURES

     Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized on the date indicated.

                                   FRANKLIN AUTO TRUST 2004-2
                                   (Registrant)

                                   By:  Franklin Capital Corporation
                                        Servicer of the Trust

Date:  April 21, 2005                   /s/ Harold E. Miller, Jr.
                                        -------------------------
                                        HAROLD E. MILLER, JR.
                                        President

<PAGE>

                                    Exhibits

Exhibit 19.1 - Franklin Auto Trust 2004-2 Monthly Servicing Report for the
               Collection Period ending March 31, 2005.
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{"company-data": {"conformed-name": "Franklin Auto Trust 2004-2", "cik": "0001311314", "assigned-sic": "6189", "state-of-incorporation": "DE", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-106297-03", "film-number": "05764195"}, "business-address": {"street1": "47 WEST 200 SOUTH", "street2": "SUITE 500", "city": "SALT LAKE CITY", "state": "UT", "zip": "84101", "phone": "801-238-6700"}, "mail-address": {"street1": "ONE FRANKLIN PARKWAY", "street2": "BUILDING 920/4", "city": "SAN MATEO", "state": "CA", "zip": "94403-1906"}}
SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): April 15, 2005

                           FRANKLIN AUTO TRUST 2004-2

             (Exact name of registrant as specified in its charter)

         DELAWARE                       333-106297              11-6600816
(State or other jurisdiction           (Commission            (IRS Employer
     of incorporation)                  File Nos.)       Identification Number)

    47 WEST 200 SOUTH, SUITE 500, SALT LAKE CITY, UTAH                 84101
         (Address of principal executive offices)                   (Zip Code)

        Registrant's telephone number, including area code: (800) 763-3400

--------------------------------------------------------------------------------

          (Former name or former address, if changed since last report)
Item 8.01    Other Events

The Monthly  Servicing Report relating to the Franklin Auto Trust 2004-2 for the
Collection Period ended March 31, 2005 is attached hereto as Exhibit 19.1 and
incorporated herein by this reference.

Item 9.01    Financial Statements and Exhibits.

(c) Exhibit

Exhibit 19.1 -      Franklin Auto Trust 2004-2 Monthly Servicing Report for the
                    Collection Period ending March 31, 2005
SIGNATURES

     Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized on the date indicated.

                                   FRANKLIN AUTO TRUST 2004-2
                                   (Registrant)

                                   By:  Franklin Capital Corporation
                                        Servicer of the Trust

Date:  April 21, 2005                   /s/ Harold E. Miller, Jr.
                                        -------------------------
                                        HAROLD E. MILLER, JR.
                                        President
Exhibits

Exhibit 19.1 - Franklin Auto Trust 2004-2 Monthly Servicing Report for the
               Collection Period ending March 31, 2005.