FRANKLIN RESOURCES INC — Director's Dealing 2006

Nov 2, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2006-10-31

Reporting Person: JOHNSON GREGORY E (CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-22	Common Stock, par value $.10	G	229	—	Acquired	510707.0000	Direct
2006-10-31	Common Stock, par value $.10	S	700	$113.9200	Disposed	510007.0000	Direct
2006-10-31	Common Stock, par value $.10	S	300	$113.9300	Disposed	509707.0000	Direct
2006-10-31	Common Stock, par value $.10	S	800	$113.9400	Disposed	508907.0000	Direct
2006-10-31	Common Stock, par value $.10	S	2200	$113.9600	Disposed	506707.0000	Direct
2006-10-31	Common Stock, par value $.10	S	5300	$114.0000	Disposed	501407.0000	Direct
2006-10-31	Common Stock, par value $.10	S	100	$114.0200	Disposed	501307.0000	Direct
2006-10-31	Common Stock, par value $.10	S	10600	$113.9500	Disposed	490707.0000	Direct
2006-10-31	Common Stock, par value $.10	S	500	$114.2400	Disposed	490207.0000	Direct
2006-10-31	Common Stock, par value $.10	S	4500	$114.2000	Disposed	485707.0000	Direct
2005-12-22	Common Stock, par value $.10	G	458	—	Acquired	15732.0000	Indirect
2005-12-22	Common Stock, par value $.10	G	229	—	Acquired	3608.0000	Indirect

Holdings (Non-Derivative)

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

Footnotes

F1: Of the amount of securities beneficially owned, 49,139 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: Shares are held by a member of Mr. Johnson's immediate family. Mr. Johnson disclaims any beneficial ownership of such shares.

F4: Reporting person holds shares in Franklin Templeton Profit Sharing 401(k) Plan. Information is based on a plan statement as of September 15, 2006.