FRANKLIN RESOURCES INC — Director's Dealing 2005

Nov 15, 2005

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2005-09-30

Reporting Person: JOHNSON RUPERT H JR (Director, Vice Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-21	Common Stock, par value $.10	G	45000	—	Disposed	35207965.0000	Direct
2004-12-21	Common Stock, par value $.10	G	7250	—	Disposed	35200715.0000	Direct
2004-12-21	Common Stock, par value $.10	G	2900	—	Disposed	35197815.0000	Direct
2004-12-21	Common Stock, par value $.10	G	2900	—	Disposed	35194915.0000	Direct
2004-12-21	Common Stock, par value $.10	G	1450	—	Disposed	35193465.0000	Direct
2004-12-21	Common Stock, par value $.10	G	1450	—	Disposed	35192015.0000	Direct
2004-12-20	Common Stock, par value $.10	G	43523	—	Disposed	338211.0000	Indirect
2004-12-21	Common Stock, par value $.10	G	45000	—	Acquired	383211.0000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10	2155245.0000	Indirect
Common Stock, par value $.10	6072.7390	Indirect
Common Stock, par value $.10	3372.0000	Indirect

Footnotes

F1: Mr. Johnson disclaims beneficial ownership of these shares, which are held by a private foundation of which Mr. Johnson is a trustee.

F2: Shares represent a pro-rata number of shares equivalent to Mr. Johnson's percentage of ownership of the holdings of the Franklin Resources, Inc. Profit Sharing Plan as of September 30, 2004. Mr. Johnson disclaims beneficial ownership of such shares.

F3: Shares are held by a member of Mr. Johnson's immediate family. Mr. Johnson disclaims any beneficial ownership of such shares.