FRANKLIN RESOURCES INC - Director's Dealing 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2006-02-06

Reporting Person: Advani Vijay Chandur (EVP - Global Advisor Services)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-06	Common Stock, par value $.10	M	20594	$36.3000	Acquired	49243.7155	Direct
2006-02-06	Common Stock, par value $.10	M	30891	$31.9500	Acquired	80134.7155	Direct
2006-02-06	Common Stock, par value $.10	M	17162	$47.5700	Acquired	97296.7155	Direct
2006-02-06	Common Stock, par value $.10	S	68647	$96.4465	Disposed	28649.7155	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-06	Employee Stock Option (Right to Buy)	$36.3000	M	20594	Disposed	2011-11-19	Common Stock, par value $.10 (20594.0000)	Direct
2006-02-06	Employee Stock Option (Right to Buy)	$31.9500	M	30891	Disposed	2012-11-09	Common Stock, par value $.10 (30891.0000)	Direct
2006-02-06	Employee Stock Option (Right to Buy)	$47.5700	M	17162	Disposed	2013-11-11	Common Stock, par value $.10 (17162.0000)	Direct

Security	Shares	Ownership
Common Stock, par value $.10	307.2030	Indirect
Common Stock, par value $.10	15493.9500	Indirect

F1: Of the amount of securities beneficially owned, 25,130 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 originally granted on November 19, 2001.

F4: This report reflects the exercise of options originally granted on November 12, 2002.

F5: This report reflects the exercise of options originally granted on November 12, 2003.