CUSIP NO. 747906 10 5 13G Page 1 of 5 Pages UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* QUANTUM CORP (Name of Issuer) Common (Title of Class of Securities) 747906 10 5 (CUSIP Number) Check the following box if a fee is being paid with this statement ( ). (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosure provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP NO. 747906 10 5 13G Page 2 of 5 Pages 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Franklin Resources, Inc. 13-2670991 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) X 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5. SOLE VOTING POWER 2,691,570 6. SHARED VOTING POWER 76,260 7. SOLE DISPOSITIVE POWER 8. SHARED DISPOSITIVE POWER 2,767,830 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,767,830 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES Not Applicable 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.5% 12 TYPE OF REPORTING PERSON IA, IV, HC CUSIP NO. 747906 10 5 13G Page 3 of 5 Pages Item 1. (a) Name of Issuer Quantum Corp (b) Address of Issuer's Principal Executive Offices 500 Mccarthy Blvd., Milpitas, California 95035 Item 2. (a) Name of Person Filing Franklin Resources, Inc. (b) Address of Principal Business Office 777 Mariners Island Blvd. San Mateo, California 94404 (c) Place of Organization Delaware (d) Title of Class of Securities Common (e) CUSIP 354613 10 1 Item 3. (d) Investment Company (e) Investment Adviser (g) Parent Holding Company (Note: See Item 7) CUSIP NO. 747906 10 5 13G Page 4 of 5 Pages Item 4. Ownership (a) Amount Beneficially Owned 2,767,830 (b) Percent of Class 6.5% (c) Number of Shares as to which such person has: (i) Sole power to vote or to direct the vote 2,691,570 (ii) Shared power to vote or to direct the vote 76,260 (iii) Sole power to dispose or to direct the disposition of (iv) Shared power to dispose or to direct the disposition of 2,767,830 Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ( ). Not Applicable Item 6. Ownership of More than Five Percent on Behalf of Another Person Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company See Attached Exhibit Item 8. Identification and Classification of Members of the Group Not Applicable Item 9. Notice of Dissolution of Group Not Applicable CUSIP NO. 747906 10 5 13G Page 5 of 5 Pages Item 10. Certification By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. This report shall not be construed as an admission by the person filing the report (Franklin Resources, Inc.) that it is the beneficial owner of any securities covered by this report.*** SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 27, 1994 Date S\DEBORAH R. GATZEK Signature Deborah R. Gatzek Senior Vice President-Legal & Assistant Secretary Name/Title *** Franklin Resources, Inc., and its subsidiaries and companies under control with them with respect to the exercise of investment discretion are of the view that they are not active as a "group" for purposes of Section 13(d) under the Securities Exchange Act of 1934 ("1934 Act") and that they are not otherwise required to attribute to each other the "beneficial ownership" of securities under Rule 13(d) 3 promulgated under the 1934 Act. Therefore, they are of the view that the shares held by Franklin Resources, Inc., and its subsidiaries and companies under common control with them need not be aggregated for purposes of Section 13(d). However, Franklin Resources, Inc. is making this filing on a voluntary basis as if all the shares are beneficially owned by Franklin Resources, Inc. and its subsidiaries and companies under common control with respect to the exercise of investment discretion.