FRANKLIN RESOURCES INC — Director's Dealing 2006

Sep 16, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2006-09-14

Reporting Person: ALEXANDER PENELOPE S (Vice-President, HR - US)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-09-14	Common Stock, par value $.10	S	2000	$104.2395	Disposed	27687.1146	Direct

Footnotes

F1: Of the amount of securities beneficially owned, 4,604 shares represent unvested awards of restricted stock shares.

F2: Also includes shares acquired pursuant to Franklin Resources, Inc.'s Employee Stock Investment Plan (''ESIP'').