-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 GOwO9S2bbzd8c/IgRBvPctuOxybAJwyW7OXQnMNGhfUlz0u7IdYoNlX6+QyEeWtE
 fKs6LLJcqFMxU9Xel1HcMg==

<SEC-DOCUMENT>0000038777-03-000586.txt : 20031107
<SEC-HEADER>0000038777-03-000586.hdr.sgml : 20031107
<ACCEPTANCE-DATETIME>20031107205754
ACCESSION NUMBER:		0000038777-03-000586
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031106
FILED AS OF DATE:		20031107

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANKLIN RESOURCES INC
		CENTRAL INDEX KEY:			0000038777
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		IRS NUMBER:				132670991
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		STREET 2:		BUILDING 920
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403
		BUSINESS PHONE:		650-312-2000

	MAIL ADDRESS:	
		STREET 1:		FRANKLIN RESOURCES INC
		STREET 2:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BURNS HARMON E
		CENTRAL INDEX KEY:			0001010269

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09318
		FILM NUMBER:		03986661

	BUSINESS ADDRESS:	
		STREET 1:		C/O FRANKLIN RESOURCES INC
		STREET 2:		777 MARINERS ISLAND BLVD
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94404
		BUSINESS PHONE:		4153126505

	MAIL ADDRESS:	
		STREET 1:		C/O FRANKLIN RESOURCES INC
		STREET 2:		777 MARINERS ISLAND BLVD 6TH FLOOR
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94404
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bur238.xml
<TEXT>
<XML>
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<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
	<periodOfReport>2003-11-06</periodOfReport>
	<notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000038777</issuerCik>
        <issuerName>FRANKLIN RESOURCES INC</issuerName>
        <issuerTradingSymbol>BEN</issuerTradingSymbol>
	</issuer>
	<reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001010269</rptOwnerCik>
            <rptOwnerName>BURNS HARMON E</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O FRANKLIN RESOURCES, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>ONE FRANKLIN PARKWAY</rptOwnerStreet2>
            <rptOwnerCity>SAN MATEO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>944031906</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
			<isDirector>1</isDirector>
			<isOfficer>1</isOfficer>
			<isTenPercentOwner>0</isTenPercentOwner>
			<isOther>0</isOther>
			<officerTitle>Vice Chariman</officerTitle>
		</reportingOwnerRelationship>
	</reportingOwner>
	<nonDerivativeTable>
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			<securityTitle>
				<value>Common Stock, par value $.10</value>
			</securityTitle>
			<transactionDate>
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				<equitySwapInvolved>0</equitySwapInvolved>
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			<transactionAmounts>
				<transactionShares>
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				</transactionShares>
				<transactionPricePerShare>
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				</transactionPricePerShare>
				<transactionAcquiredDisposedCode>
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				</transactionShares>
				<transactionPricePerShare>
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				</transactionShares>
				<transactionPricePerShare>
					<value>47.6430</value>
				</transactionPricePerShare>
				<transactionAcquiredDisposedCode>
					<value>D</value>
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				</transactionShares>
				<transactionPricePerShare>
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			<securityTitle>
				<value>Common Stock, par value $.10</value>
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			<transactionDate>
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				<transactionFormType>4</transactionFormType>
				<transactionCode>S</transactionCode>
				<equitySwapInvolved>0</equitySwapInvolved>
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			<transactionAmounts>
				<transactionShares>
					<value>2122</value>
				</transactionShares>
				<transactionPricePerShare>
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				</transactionPricePerShare>
				<transactionAcquiredDisposedCode>
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				</transactionAcquiredDisposedCode>
			</transactionAmounts>
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				<sharesOwnedFollowingTransaction>
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				<value>2003-11-06</value>
			</transactionDate>
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			</deemedExecutionDate>
			<transactionCoding>
				<transactionFormType>4</transactionFormType>
				<transactionCode>S</transactionCode>
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			</transactionCoding>
			<transactionAmounts>
				<transactionShares>
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				</transactionShares>
				<transactionPricePerShare>
					<value>47.6430</value>
				</transactionPricePerShare>
				<transactionAcquiredDisposedCode>
					<value>D</value>
				</transactionAcquiredDisposedCode>
			</transactionAmounts>
			<postTransactionAmounts>
				<sharesOwnedFollowingTransaction>
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				</sharesOwnedFollowingTransaction>
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			<ownershipNature>
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			</ownershipNature>
		</nonDerivativeTransaction>
		<nonDerivativeHolding>
			<securityTitle>
				<value>Common Stock, par value $.10</value>
			</securityTitle>
			<postTransactionAmounts>
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				</sharesOwnedFollowingTransaction>
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			<ownershipNature>
				<directOrIndirectOwnership>
					<value>I</value>
				</directOrIndirectOwnership>
				<natureOfOwnership>
					<value>By Foundation</value>
					<footnoteId id="F1"/>
				</natureOfOwnership>
			</ownershipNature>
		</nonDerivativeHolding>
		<nonDerivativeHolding>
			<securityTitle>
				<value>Common Stock, par value $.10</value>
			</securityTitle>
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				</sharesOwnedFollowingTransaction>
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			<ownershipNature>
				<directOrIndirectOwnership>
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					<value>By IRA</value>
				</natureOfOwnership>
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		<nonDerivativeHolding>
			<securityTitle>
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			<ownershipNature>
				<directOrIndirectOwnership>
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		<derivativeTransaction>
			<securityTitle>
				<value>Employee Stock  Option (Right to Buy)</value>
			</securityTitle>
			<conversionOrExercisePrice>
				<value>33.2500</value>
			</conversionOrExercisePrice>
			<transactionDate>
				<value>2003-11-06</value>
			</transactionDate>
			<deemedExecutionDate>
			</deemedExecutionDate>
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					<value>69000</value>
				</transactionShares>
				<transactionPricePerShare>
					<value>33.2500</value>
				</transactionPricePerShare>
				<transactionAcquiredDisposedCode>
					<value>D</value>
				</transactionAcquiredDisposedCode>
			</transactionAmounts>
			<exerciseDate>
				<value>2003-09-30</value>
			</exerciseDate>
			<expirationDate>
				<value>2003-12-31</value>
			</expirationDate>
			<underlyingSecurity>
				<underlyingSecurityTitle>
					<value>Common Stock, par value $.10</value>
				</underlyingSecurityTitle>
				<underlyingSecurityShares>
					<value>69000.0000</value>
				</underlyingSecurityShares>
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					<value/>
				</natureOfOwnership>
			</ownershipNature>
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		<derivativeTransaction>
			<securityTitle>
				<value>Employee Stock Option (Right to Buy)</value>
			</securityTitle>
			<conversionOrExercisePrice>
				<value>32.8750</value>
			</conversionOrExercisePrice>
			<transactionDate>
				<value>2003-11-06</value>
			</transactionDate>
			<deemedExecutionDate>
			</deemedExecutionDate>
			<transactionCoding>
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				<transactionCode>M</transactionCode>
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			<transactionAmounts>
				<transactionShares>
					<value>68059</value>
				</transactionShares>
				<transactionPricePerShare>
					<value>32.8750</value>
				</transactionPricePerShare>
				<transactionAcquiredDisposedCode>
					<value>D</value>
				</transactionAcquiredDisposedCode>
			</transactionAmounts>
			<exerciseDate>
				<value>2000-09-29</value>
				<footnoteId id="F3"/>
			</exerciseDate>
			<expirationDate>
				<value>2007-09-28</value>
			</expirationDate>
			<underlyingSecurity>
				<underlyingSecurityTitle>
					<value>Common Stock, par value $.10</value>
				</underlyingSecurityTitle>
				<underlyingSecurityShares>
					<value>68059.0000</value>
				</underlyingSecurityShares>
			</underlyingSecurity>
			<postTransactionAmounts>
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					<value>0.0000</value>
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				<directOrIndirectOwnership>
					<value>D</value>
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				<natureOfOwnership>
					<value/>
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		</derivativeTransaction>
	</derivativeTable>
	<footnotes>
		<footnote id="F1">Mr. Burns disclaims beneficial ownership of these shares, which are held by a private foundation of which Mr. Burns is a trustee.</footnote>
		<footnote id="F2">Shares represent a pro-rata number of shares equivalent to Mr. Burns' percentage of ownership of the holdings of the Franklin Resources, Inc. Profit Sharing Plan as of September 30, 2002.  Mr. Burns disclaims beneficial ownership of such shares.</footnote>
		<footnote id="F3">The option becomes exercisable in three approximately equal increments on each of September 29, 2000, September 28, 2001, and September 30, 2002.</footnote>
	</footnotes>
	<remarks>
	</remarks>
	<ownerSignature>
		<signatureName>/s/ BURNS, HARMON E.</signatureName>
		<signatureDate>2003-11-06</signatureDate>
	</ownerSignature>
</ownershipDocument>

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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
