FRANKLIN RESOURCES INC — Director's Dealing 2005

Sep 19, 2005

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2005-09-08

Reporting Person: Yun William Young (President-Fiduciary Trust Co.)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10	100882.8434	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$31.9500	2012-11-09	Common Stock, par value $.10 (16189.0000)		Direct
Employee Stock Option (Right to Buy)	$47.5700	2013-11-11	Common Stock, par value $.10 (20594.0000)		Direct

Footnotes

F1: Of the amount of securities beneficially owned, 17,909 shares represent unvested awards of restricted stock shares.

F2: The option becomes exercisable in three approximately equal increments on each of September 30, 2003, September 30, 2004, and September 30, 2005.

F3: The option becomes exercisable in three approximately equal increments on each of September 30, 2004, September 30, 2005, and September 29, 2006.