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FRANKLIN RESOURCES INC Director's Dealing 2006

Nov 24, 2006

30512_dirs_2006-11-24_64afaeb5-6ba0-4af9-90f5-aba36dc83a59.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2006-11-21

Reporting Person: JOHNSON GREGORY E (CEO and President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2006-10-25 Common Stock, par value $.10 G 93 Disposed 482769.0000 Direct
2006-10-31 Common Stock, par value $.10 G 44 Disposed 482725.0000 Direct
2006-11-21 Common Stock, par value $.10 A 40141 Acquired 522866.0000 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock, par value $.10 15732.0000 Indirect
Common Stock, par value $.10 1374.1730 Indirect
Common Stock, par value $.10 3608.0000 Indirect

Footnotes

F1: Of the amount of securities beneficially owned, 85,436 shares represent unvested awards of restricted stock shares.

F2: Shares are held by Mr. Johnson as Trustee for Mr. Johnson's minor children. Mr. Johnson disclaims any beneficial ownership of such shares.

F3: Reporting person holds shares in Franklin Templeton Profit Sharing 401(k) Plan. Information is based on a plan statement as of September 15, 2006.

F4: Shares are held by a member of Mr. Johnson's immediate family. Mr. Johnson disclaims any beneficial ownership of such shares.