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: BURNS HARMON E (Director, Vice Chariman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-31	Common Stock, par value $.10	S	100000	$114.2250	Disposed	830970.0880	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10	5772.6280	Indirect
Common Stock, par value $.10	62849.0000	Indirect
Common Stock, par value $.10	500001.5000	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: Mr. Burns disclaims beneficial ownership of these shares, which are held by a private foundation of which Mr. Burns is a trustee.