FRANKLIN RESOURCES INC — Director's Dealing 2006

Nov 1, 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 RUPERT H JR (Director, Vice Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-07	Common Stock, par value $.10	G	400000	—	Disposed	34792015.0000	Direct
2005-12-07	Common Stock, par value $.10	G	400000	—	Acquired	783211.0000	Indirect
2006-10-31	Common Stock, par value $.10	S	100000	$114.2250	Disposed	2055245.0000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10	6493.4160	Indirect
Common Stock, par value $.10	3372.0000	Indirect

Footnotes

F1: Reporting person holds shares in Franklin Templeton Profit Sharing 401(k) Plan. Information is based on a plan statement as of September 15, 2006.

F2: Shares are held by a member of Mr. Johnson's immediate family. Mr. Johnson disclaims any beneficial ownership of such shares.