FRANKLIN RESOURCES INC — Director's Dealing 2005

Jan 28, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2005-01-18

Reporting Person: SACERDOTE PETER M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-18	Common Stock, par value $.10	A	1157	$64.8600	Acquired	28574.0000	Direct

Footnotes

F1: Of the amount of securities beneficially owned, 340 shares represent unvested awards of restricted stock shares.

F2: Shares represent a grant of an award of common stock under Franklin Resources, Inc.'s 2002 Universal Stock Incentive Plan.