FRANKLIN RESOURCES INC — Director's Dealing 2003

Aug 15, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2003-08-14

Reporting Person: WOODWORTH LOUIS E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-14	Common Stock, par value $.10	S	300	$44.5400	Disposed	1101540.0000	Direct
2003-08-14	Common Stock, par value $.10	S	1800	$44.5100	Disposed	1099740.0000	Direct
2003-08-14	Common Stock, par value $.10	S	5000	$44.2500	Disposed	513088.0000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10	220000.0000	Indirect

Footnotes

F1: Shares are held by a member of Mr. Woodworth's family. Mr. Woodworth disclaims beneficial ownership of such shares.