FRANKLIN RESOURCES INC — Director's Dealing 2008

Jan 4, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2007-12-31

Reporting Person: JOFFE ROBERT D (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-02	Deferred Director's Fees (FRI)	$	A	32.9845	Acquired	2029-01-22	Common Stock, par value $.10 (32.9845)	Direct
2007-12-31	Deferred Director's Fees (FTCI)	$	A	17.4779	Acquired	2029-01-22	Common Stock, par value $.10 (17.4779)	Direct

Footnotes

F1: See Exhibit 99.1

F2: See Exhibit 99.1

F3: See Exhibit 99.1

F4: See Exhibit 99.1