FRANKLIN RESOURCES INC — Director's Dealing 2008

Jun 7, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2008-06-04

Reporting Person: SIMPSON MURRAY (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-04	Common Stock, par value $.10	M	4744	$47.57	Acquired	32336.0000	Direct
2008-06-04	Common Stock, par value $.10	S	2101	$101.6748	Disposed	30235.0000	Direct
2008-06-04	Common Stock, par value $.10	S	2643.0000	$101.6769	Disposed	27592.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-04	Stock Option (Right to Buy)	$47.5700	M	4744.0000	Disposed	2013-11-11	Common Stock, par value $.10 (4744.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10	100.8750	Indirect

Footnotes

F1: Reporting person holds shares in Franklin Templeton Profit Sharing 401(k) Plan. Information is based on a plan statement as
of March 17, 2008.

F2: Reflects adjustment in connection with the special cash dividend paid by Franklin Resources, Inc. on April 15, 2005.

F3: Reflects the exercise of stock options originally granted on November 12, 2003. Reflects adjustment in connection with the
special cash dividend paid by Franklin Resources, Inc. on April 15, 2005.

F4: Not applicable.