Franklin Resources, Inc
Franklin Resources, Inc.
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Franklin Resources, Inc. Announces Third Quarter Results

From: Franklin Resources, Inc.
Contact: Holly Gibson Brady
Telephone:(650) 312-4701

San Mateo, CA, July 28, 2005 - Franklin Resources, Inc. (Franklin Templeton Investments) (NYSE: BEN) today reported net income of $261.9 million, or $1.00 per share diluted on revenues of $1,109.7 million for the quarter ended June 30, 2005.  In the quarter ended March 31, 2005, net income was $221.3 million, or $0.85 per share diluted, on revenues of $1,051.2 million. For the quarter ended June 30, 2004, net income was $173.9 million, or $0.67 per share diluted on revenues of $867.8 million.  Operating income increased 27% this quarter over the prior quarter and increased 44% over the same quarter in the prior year.

As of June 30, 2005, assets under management by the company’s subsidiaries were $425.4 billion, as compared to $412.1 billion as of the end of last quarter and $350.8 billion at the end of the third quarter last year.  Simple monthly average assets under management during the current quarter were $416.0 billion compared to $407.4 billion in the preceding quarter and $347.8 billion in the same quarter a year ago.  Equity assets comprised 57% of total assets under management consistent with the last quarter and compared to 56% at June 30, 2004.  Fixed-income assets comprised 24% of total assets under management consistent with the last quarter and compared to 27% at the same time last year.  As of June 30, 2005, hybrid assets accounted for 17% of total assets under management consistent with the last quarter and compared to 16% at June 30, 2004.  Sales exceeded redemptions by $7.7 billion for the current quarter compared to $11.5 billion for the prior quarter and $2.0 billion for the comparable quarter a year ago.

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