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	1900	$98.0000	Disposed	36795472.0000	Direct
2006-09-05	Common Stock, par value $.10	S	500	$98.0100	Disposed	36794972.0000	Direct
2006-09-05	Common Stock, par value $.10	S	600	$98.0200	Disposed	36794372.0000	Direct
2006-09-05	Common Stock, par value $.10	S	800	$98.0300	Disposed	36793572.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1100	$98.0400	Disposed	36792472.0000	Direct
2006-09-05	Common Stock, par value $.10	S	200	$98.0500	Disposed	36792272.0000	Direct
2006-09-05	Common Stock, par value $.10	S	600	$98.0600	Disposed	36791672.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1200	$98.0700	Disposed	36790472.0000	Direct
2006-09-05	Common Stock, par value $.10	S	500	$98.0800	Disposed	36789972.0000	Direct
2006-09-05	Common Stock, par value $.10	S	700	$98.0900	Disposed	36789272.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1900	$98.1000	Disposed	36787372.0000	Direct
2006-09-05	Common Stock, par value $.10	S	200	$98.1100	Disposed	36787172.0000	Direct
2006-09-05	Common Stock, par value $.10	S	2000	$98.1200	Disposed	36785172.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1000	$98.1300	Disposed	36784172.0000	Direct
2006-09-05	Common Stock, par value $.10	S	900	$98.1400	Disposed	36783272.0000	Direct
2006-09-05	Common Stock, par value $.10	S	900	$98.1500	Disposed	36782372.0000	Direct
2006-09-05	Common Stock, par value $.10	S	500	$98.1600	Disposed	36781872.0000	Direct
2006-09-05	Common Stock, par value $.10	S	900	$98.1700	Disposed	36780972.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1000	$98.1800	Disposed	36779972.0000	Direct
2006-09-05	Common Stock, par value $.10	S	800	$98.1900	Disposed	36779172.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1300	$98.2000	Disposed	36777872.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1600	$98.2100	Disposed	36776272.0000	Direct
2006-09-05	Common Stock, par value $.10	S	600	$98.2200	Disposed	36775672.0000	Direct
2006-09-05	Common Stock, par value $.10	S	2000	$98.2300	Disposed	36773672.0000	Direct
2006-09-05	Common Stock, par value $.10	S	2400	$98.2400	Disposed	36771272.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1900	$98.2500	Disposed	36769372.0000	Direct
2006-09-05	Common Stock, par value $.10	S	1800	$98.2600	Disposed	36767572.0000	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.