FRANKLIN RESOURCES INC — Director's Dealing 2008

Jan 25, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARO PHARMACEUTICAL INDUSTRIES LTD (TAROF)
CIK: 0000906338
Period of Report: 2008-01-24

Reporting Person: FRANKLIN RESOURCES INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-24	Ordinary Shares	P	7330	$7.3	Acquired	3744852	Direct

Footnotes

F1: See Exhibit 99.1 for text of footnote, which text is incorporated by reference herein.