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

From: Franklin Resources, Inc.
Contact: Lisa Gallegos
Telephone:(650) 312-3395

San Mateo, CA, April 26, 2007 - Franklin Resources, Inc. (Franklin Templeton Investments) (NYSE: BEN) today announced net income of $440.9 million, or $1.73 per share diluted, on revenues of $1,509.0 million for the quarter ended March 31, 2007.  In the quarter ended December 31, 2006, net income was $426.8 million, or $1.67 per share diluted, on revenues of $1,427.8 million.  For the quarter ended March 31, 2006, net income was $196.5 million, or $0.74 per share diluted, on revenues of $1,254.8 million. 

Operating income for the quarter ended March 31, 2007 was $499.1 million, as compared to $508.1 million for the prior quarter and $349.8 million for the quarter ended March 31, 2006.  The company’s non-operating income for the quarter ended March 31, 2007 included $100.9 million of investment and other income, net, as compared to $71.1 million in the prior quarter and $55.4 million for the quarter ended March 31, 2006.

Assets under management by the company’s subsidiaries were $576.0 billion at March 31, 2007, as compared to $552.9 billion at December 31, 2006 and $491.6 billion at March 31, 2006.   Simple monthly average assets under management during the quarter ended March 31, 2007 were $563.7 billion compared to $533.1 billion in the preceding quarter and $481.2 billion in the same quarter a year ago.  Equity assets comprised 60% of total assets under management at March 31, 2007, December 31, 2006 and March 31, 2006.  Fixed-income assets comprised 21% of total assets under management at March 31, 2007 and December 31, 2006, as compared to 22% at March 31, 2006.  Hybrid assets accounted for 18% of total assets under management at March 31, 2007 and December 31, 2006, as compared to 17% at March 31, 2006.  Sales exceeded redemptions by $10.9 billion for the quarter ended March 31, 2007, as compared to $10.0 billion for the prior quarter and $2.5 billion for the comparable quarter a year ago.

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