FRANKLIN RESOURCES INC — Director's Dealing 2006

Nov 15, 2006

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2006-09-30

Reporting Person: JOHNSON GREGORY E (CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-10-24	Common Stock, par value $.10	G	60	—	Disposed	510647.0000	Direct
2005-11-15	Common Stock, par value $.10	G	106	—	Disposed	510541.0000	Direct
2005-12-08	Common Stock, par value $.10	G	21	—	Disposed	510520.0000	Direct
2005-12-09	Common Stock, par value $.10	G	536	—	Disposed	509984.0000	Direct
2005-12-10	Common Stock, par value $.10	G	60	—	Disposed	509924.0000	Direct
2005-12-22	Common Stock, par value $.10	G	215	—	Disposed	509709.0000	Direct
2006-04-28	Common Stock, par value $.10	G	27	—	Disposed	509682.0000	Direct
2006-07-31	Common Stock, par value $.10	G	1310	—	Disposed	508372.0000	Direct
2006-08-24	Common Stock, par value $.10	G	510	—	Disposed	507862.0000	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: Shares are held by Mr. Johnson as Trustee for Mr. Johnson's minor children. Mr. Johnson disclaims any beneficial ownership of such shares.

F2: Reporting person holds shares in Franklin Templeton Profit Sharing 401(k) Plan. Information is based on a plan statement as of September 15, 2006.

F3: Shares are held by a member of Mr. Johnson's immediate family. Mr. Johnson disclaims any beneficial ownership of such shares.