FRANKLIN RESOURCES INC — Director's Dealing 2006

Aug 23, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2006-08-18

Reporting Person: BURNS HARMON E (Director, Vice Chariman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-18	Common Stock, par value $.10	S	152177	$98.2550	Disposed	930970.0880	Direct
2006-02-14	Common Stock, par value $.10	G	7151	—	Disposed	64849.0000	Indirect
2006-02-27	Common Stock, par value $.10	G	500	—	Disposed	64349.0000	Indirect
2006-08-18	Common Stock, par value $.10	S	1500	$98.2550	Disposed	62849.0000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10	5764.6040	Indirect
Common Stock, par value $.10	500001.5000	Indirect

Footnotes

F1: Mr. Burns disclaims beneficial ownership of these shares, which are held by a private foundation of which Mr. Burns is a trustee.

F2: Reporting person holds shares in Franklin Templeton Profit Sharing 401(k) Plan. Information is based on a plan statement as of June 15, 2006.