FRANKLIN RESOURCES INC — Director's Dealing 2008

Dec 1, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2008-11-26

Reporting Person: JOHNSON CHARLES B (Director, Chairman of the Board, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-11-26	Common Stock, par value $.10	S	501.604	$58.5911	Disposed	6069.845	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10	35015012	Direct
Common Stock, par value $.10	2906117	Indirect
Common Stock, par value $.10	272600	Indirect

Footnotes

F1: Reporting Person holds shares in the Franklin Templeton Profit Sharing 401(k) Plan.

F2: Trust of which the Reporting Person's spouse is the lifetime beneficiary.