FRANKLIN RESOURCES INC — Director's Dealing 2008

Dec 8, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2008-12-04

Reporting Person: TATLOCK ANNE M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-11-06	Common Stock, par value $.10	G	800	—	Disposed	151086	Direct
2008-12-04	Common Stock, par value $.10	S	3837	$59.8738	Disposed	147249	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10	40722.217	Indirect
Common Stock, par value $.10	17064	Indirect

Footnotes

F1: Not applicable.

F2: Reporting Person holds shares in the Franklin Templeton Profit Sharing 401(k) Plan. Information is based on a plan statement as of September 15, 2008.

F3: Shares held by Reporting Person's son. Reporting Person disclaims beneficial ownership of such shares.