FRANKLIN RESOURCES INC — Director's Dealing 2011

Feb 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2011-02-22

Reporting Person: JOHNSON CHARLES B (Director, Chairman of the Board, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-26	Common Stock, par value $.10	G	21333.0000	—	Disposed	33259572.0000	Direct
2010-12-29	Common Stock, par value $.10	G	246100.0000	—	Disposed	33013472.0000	Direct
2011-02-22	Common Stock, par value $.10	S	200000.0000	$126.6750	Disposed	32813472.0000	Direct
2011-02-22	Common Stock, par value $.10	S	200000.0000	$126.6750	Disposed	1706117.0000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10	6363.6380	Indirect
Common Stock, par value $.10	500000.0000	Indirect
Common Stock, par value $.10	272600.0000	Indirect

Footnotes

F1: Not applicable.

F2: Reporting Person holds shares in the Franklin Templeton 401(k) Retirement Plan. Information is based on a plan summary as of December 31, 2010.

F3: Trust of which the Reporting Person's spouse is the lifetime beneficiary.