FRANKLIN RESOURCES INC — Director's Dealing 2005

Nov 4, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2005-11-02

Reporting Person: LEWIS KENNETH A (Vice President and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-11-02	Common Stock, par value $.10	M	2000	$31.9500	Acquired	11576.8729	Direct
2005-11-02	Common Stock, par value $.10	S	2119	$90.2300	Disposed	9457.8729	Direct
2005-11-02	Common Stock, par value $.10	S	1109	$90.2551	Disposed	8348.8729	Direct
2005-11-02	Common Stock, par value $.10	M	3433	$47.5700	Acquired	11781.8729	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-11-02	Employee Stock Option (Right to Buy)	$31.9500	M	2000	Disposed	2012-11-09	Common Stock, par value $.10 (2000.0000)	Direct
2005-11-02	Employee Stock Option (Right to Buy)	$47.5700	M	3433	Disposed	2013-11-11	Common Stock, par value $.10 (3433.0000)	Direct

Footnotes

F1: Of the amount of securities beneficially owned, 3,584 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.

F4: This report reflects the exercise of options orginally granted on November 12, 2003.