FRANKLIN RESOURCES INC — Director's Dealing 2006

Aug 17, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2006-08-14

Reporting Person: TATLOCK ANNE M (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-11-07	Common Stock, par value $.10	G	11000	—	Disposed	174857.0000	Direct
2005-12-09	Common Stock, par value $.10	G	1050	—	Disposed	173807.0000	Direct
2005-12-14	Common Stock, par value $.10	G	1050	—	Disposed	172757.0000	Direct
2006-08-14	Common Stock, par value $.10	M	10743	$32.0500	Acquired	183500.0000	Direct
2006-08-14	Common Stock, par value $.10	S	10743	$93.2553	Disposed	172757.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-14	Employee Stock Option (Right to Buy)	$32.0500	M	10743	Disposed	2006-09-26	Common Stock, par value $.10 (10743.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10	40182.4400	Indirect
Common Stock, par value $.10	2621.0000	Indirect

Footnotes

F1: Of the amount of securities beneficially owned, 6,265 shares represent unvested awards of restricted stock shares.

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.

F3: Shares are held by Mrs. Tatlock's spouse as the trustee for Ms. Tatlock's child. Ms. Tatlock disclaims any beneficial ownership of such shares.

F4: Reflects adjustment in connection with the special cash dividend paid by Franklin Resources, Inc. on April 15, 2005.

F5: This report reflects the exercise of options orginally granted on September 27, 2001.