FRANKLIN RESOURCES INC — Director's Dealing 2005

Aug 5, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2005-08-03

Reporting Person: SIMPSON MURRAY (EVP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-03	Common Stock, par value $.10	M	20593	$37.2700	Acquired	48607.0000	Direct
2005-08-03	Common Stock, par value $.10	S	15231	$82.5000	Disposed	33376.0000	Direct
2005-08-03	Common Stock, par value $.10	S	2757	$82.5042	Disposed	30619.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-08-03	Employee Stock Options (Right to Buy)	$37.2700	M	20593	Disposed	2010-11-16	Common Stock, par value $.10 (20593.0000)	Direct

Footnotes

F1: Of the amount of securities beneficially owned, 9,605 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 originally granted on November 16, 2000.