FRANKLIN RESOURCES INC — Director's Dealing 2008

Aug 4, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2008-07-31

Reporting Person: LUSK JOHN M (EVP-Portfolio Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-07-31	Common Stock, par value $.10	F	29.8619	$100.61	Disposed	20663.7406	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10	401.939	Indirect

Footnotes

F1: Of the amount of securities beneficially owned, 8,365 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 June 16, 2008.