FRANKLIN RESOURCES INC — Director's Dealing 2005

Nov 14, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2005-11-10

Reporting Person: ALEXANDER PENELOPE S (Vice-President, HR - US)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-11-10	Common Stock, par value $.10	M	8237	$31.9500	Acquired	40461.8726	Direct
2005-11-10	Common Stock, par value $.10	S	8237	$94.4676	Disposed	32224.8726	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-11-10	Employee Stock Option (Right to Buy)	$31.9500	M	8237	Disposed	2012-11-09	Common Stock, par value $.10 (8237.0000)	Direct

Footnotes

F1: Of the amount of securities beneficially owned, 5,604 shares represent unvested awards of restricted stock shares.

F2: Reflects adjustment in connection with the special cash dividend paid by Franklin Resources, Inc. on April 15, 2005.

F3: This report reflects the exercise of options orginally granted on November 12, 2002.