FRANKLIN RESOURCES INC — Director's Dealing 2005

Sep 14, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: IKEDA DONNA S (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-09-09	Common Stock, par value $.10	M	3433	$47.5700	Acquired	22657.6941	Direct
2005-09-09	Common Stock, par value $.10	M	10000	$37.2700	Acquired	32657.6941	Direct
2005-09-09	Common Stock, par value $.10	S	11633	$83.2500	Disposed	21024.6941	Direct
2005-09-09	Common Stock, par value $.10	S	468	$82.9464	Disposed	20556.6941	Direct
2005-09-09	Common Stock, par value $.10	S	1332	$82.9400	Disposed	19224.6941	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-09-09	Employee Stock Option (Right to Buy)	$47.5700	M	3433	Disposed	2013-11-11	Common Stock, par value $.10 (3433.0000)	Direct
2005-09-09	Employee Stock Options (Right to Buy)	$37.2700	M	10000	Disposed	2010-11-16	Common Stock, par value $.10 (10000.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10	240.0000	Indirect

Footnotes

F1: Of the amount of securities beneficially owned, 1,476 shares represent unvested awards of restricted stock and 3,000 shares represent unvested restricted stock units. Unvested restricted stock units do not have voting rights but are entitled to receive dividends in cash.

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 originally granted on November 12, 2003.

F4: This report reflects the exercise of options originally granted on November 16, 2000.