FRANKLIN RESOURCES INC — Director's Dealing 2006

Sep 7, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2006-09-05

Reporting Person: JOHNSON CHARLES B (Director, Chairman of the Board, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-09-05	Common Stock, par value $.10	S	300	$98.5200	Disposed	36727472.0000	Direct
2006-09-05	Common Stock, par value $.10	S	400	$98.5300	Disposed	36727072.0000	Direct
2006-09-05	Common Stock, par value $.10	S	600	$98.5400	Disposed	36726472.0000	Direct
2006-09-05	Common Stock, par value $.10	S	600	$98.5500	Disposed	36725872.0000	Direct
2006-09-05	Common Stock, par value $.10	S	600	$98.5600	Disposed	36725272.0000	Direct
2006-09-05	Common Stock, par value $.10	S	900	$98.5700	Disposed	36724372.0000	Direct
2006-09-05	Common Stock, par value $.10	S	900	$98.5800	Disposed	36723472.0000	Direct
2006-09-05	Common Stock, par value $.10	S	700	$98.5900	Disposed	36722772.0000	Direct
2006-09-05	Common Stock, par value $.10	S	600	$98.6000	Disposed	36722172.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1500	$98.6100	Disposed	36720672.0000	Direct
2006-09-05	Common Stock, par value $.10	S	100	$98.6200	Disposed	36720572.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1600	$98.6300	Disposed	36718972.0000	Direct
2006-09-05	Common Stock, par value $.10	S	2500	$98.6400	Disposed	36716472.0000	Direct
2006-09-05	Common Stock, par value $.10	S	2200	$98.6500	Disposed	36714272.0000	Direct
2006-09-05	Common Stock, par value $.10	S	600	$98.6600	Disposed	36713672.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1100	$98.6700	Disposed	36712572.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1000	$98.6800	Disposed	36711572.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1800	$98.6900	Disposed	36709772.0000	Direct
2006-09-05	Common Stock, par value $.10	S	400	$98.7000	Disposed	36709372.0000	Direct
2006-09-05	Common Stock, par value $.10	S	300	$98.7100	Disposed	36709072.0000	Direct
2006-09-05	Common Stock, par value $.10	S	400	$98.7200	Disposed	36708672.0000	Direct
2006-09-05	Common Stock, par value $.10	S	200	$98.7300	Disposed	36708472.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10	6958.9770	Indirect
Common Stock, par value $.10	3363675.0000	Indirect
Common Stock, par value $.10	3000000.0000	Indirect

Footnotes

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

F2: Shares are owned indirectly by a limited partnership in which Mr. Johnson is a limited partner.