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	1000	$98.2700	Disposed	36766572.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1800	$98.2800	Disposed	36764772.0000	Direct
2006-09-05	Common Stock, par value $.10	S	2500	$98.2900	Disposed	36762272.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1800	$98.3000	Disposed	36760472.0000	Direct
2006-09-05	Common Stock, par value $.10	S	2300	$98.3100	Disposed	36758172.0000	Direct
2006-09-05	Common Stock, par value $.10	S	900	$98.3200	Disposed	36757272.0000	Direct
2006-09-05	Common Stock, par value $.10	S	2100	$98.3300	Disposed	36755172.0000	Direct
2006-09-05	Common Stock, par value $.10	S	2000	$98.3400	Disposed	36753172.0000	Direct
2006-09-05	Common Stock, par value $.10	S	800	$98.3500	Disposed	36752372.0000	Direct
2006-09-05	Common Stock, par value $.10	S	800	$98.3600	Disposed	36751572.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1000	$98.3700	Disposed	36750572.0000	Direct
2006-09-05	Common Stock, par value $.10	S	300	$98.3800	Disposed	36750272.0000	Direct
2006-09-05	Common Stock, par value $.10	S	2000	$98.3900	Disposed	36748272.0000	Direct
2006-09-05	Common Stock, par value $.10	S	2000	$98.4000	Disposed	36746272.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1600	$98.4100	Disposed	36744672.0000	Direct
2006-09-05	Common Stock, par value $.10	S	3000	$98.4200	Disposed	36741672.0000	Direct
2006-09-05	Common Stock, par value $.10	S	2600	$98.4300	Disposed	36739072.0000	Direct
2006-09-05	Common Stock, par value $.10	S	3100	$98.4400	Disposed	36735972.0000	Direct
2006-09-05	Common Stock, par value $.10	S	2400	$98.4500	Disposed	36733572.0000	Direct
2006-09-05	Common Stock, par value $.10	S	400	$98.4600	Disposed	36733172.0000	Direct
2006-09-05	Common Stock, par value $.10	S	500	$98.4700	Disposed	36732672.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1100	$98.4800	Disposed	36731572.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1600	$98.4900	Disposed	36729972.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1300	$98.5000	Disposed	36728672.0000	Direct
2006-09-05	Common Stock, par value $.10	S	900	$98.5100	Disposed	36727772.0000	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.