FRANKLIN RESOURCES INC — Director's Dealing 2006

Feb 21, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2006-02-16

Reporting Person: Yun William Young (EVP-Institutional)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-16	Common Stock, par value $.10	S	4000	$98.1125	Disposed	101184.9184	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10	4387.1040	Indirect

Footnotes

F1: Of the amount of securities beneficially owned, 17,909 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 December 15, 2005.