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: 2006-09-01

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
2006-09-01	Common Stock, par value $.10	S	100	$98.6100	Disposed	36799572.0000	Direct
2006-09-01	Common Stock, par value $.10	S	1100	$98.6400	Disposed	36798472.0000	Direct
2006-09-01	Common Stock, par value $.10	S	200	$98.6500	Disposed	36798272.0000	Direct
2006-09-01	Common Stock, par value $.10	S	100	$98.6700	Disposed	36798172.0000	Direct
2006-09-01	Common Stock, par value $.10	S	100	$98.6900	Disposed	36798072.0000	Direct
2006-09-01	Common Stock, par value $.10	S	100	$98.7300	Disposed	36797972.0000	Direct
2006-09-01	Common Stock, par value $.10	S	100	$98.7500	Disposed	36797872.0000	Direct
2006-09-01	Common Stock, par value $.10	S	300	$98.7800	Disposed	36797572.0000	Direct
2006-09-01	Common Stock, par value $.10	S	100	$98.7900	Disposed	36797472.0000	Direct
2006-09-01	Common Stock, par value $.10	S	100	$98.8000	Disposed	36797372.0000	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.