FRANKLIN RESOURCES INC — Director's Dealing 2006

Mar 28, 2006

SEC Form 4/A — Form 4/A

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2006-03-16

Reporting Person: ALEXANDER PENELOPE S (Vice-President, HR - US)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-16	Common Stock, par value $.10	M	6866	$47.5700	Acquired	38347.0726	Direct
2006-03-16	Common Stock, par value $.10	S	4204	$101.5490	Disposed	34143.0726	Direct
2006-03-16	Common Stock, par value $.10	S	2000	$101.9240	Disposed	32143.0726	Direct
2006-03-16	Common Stock, par value $.10	S	2662	$101.5200	Disposed	29481.0726	Direct
2006-03-16	Common Stock, par value $.10	I	1329.102	$102.0628	Disposed	0.0000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-16	Employee Stock Option (Right to Buy)	$47.5700	M	6866	Disposed	2013-11-11	Common Stock, par value $.10 (6866.0000)	Direct

Footnotes

F1: Of the amount of securities beneficially owned, 4,604 shares represent unvested awards of restricted stock shares.

F2: Reflects adjustment in connection with the special cash dividend paid by Franklin Resources, Inc. on April 15, 2005.

F3: This report reflects the exercise of options orginally granted on November 12, 2003.