FRANKLIN RESOURCES INC — Director's Dealing 2008

Oct 2, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2008-09-30

Reporting Person: GIBSON HOLLY E (Vice President, Corp Comm)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-09-30	Common Stock, par value $.10	F	82	$88.13	Disposed	7678.806	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10	413.802	Indirect

Footnotes

F1: Of the amount of securities beneficially owned, 499 shares represent unvested awards of restricted stock.

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.