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

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

San Mateo, CA, October 25, 2007 - Franklin Resources, Inc. (Franklin Templeton Investments) (NYSE: BEN) today announced net income of $436.9 million, or $1.76 per share diluted, on revenues of $1,629.1 million for the quarter ended September 30, 2007. In the quarter ended June 30, 2007, net income was $468.4 million, or $1.86 per share diluted, on revenues of $1,639.8 million. For the quarter ended September 30, 2006, net income was $381.7 million, or $1.49 per share diluted, on revenues of $1,297.2 million.

Operating income for the quarter ended September 30, 2007 was $541.4 million, as compared to $519.0 million for the prior quarter and $427.1 million for the quarter ended September 30, 2006. The company’s non-operating income for the quarter ended September 30, 2007 included $86.0 million of investment and other income, net, as compared to $105.3 million in the prior quarter and $57.8 million for the quarter ended September 30, 2006.

Assets under management by the company’s subsidiaries were $645.9 billion at September 30, 2007, as compared to $624.0 billion at June 30, 2007 and $511.3 billion at September 30, 2006. Simple monthly average assets under management during the quarter ended September 30, 2007 were $627.3 billion, as compared to $605.5 billion in the preceding quarter and $500.4 billion in the same quarter a year ago. Equity assets comprised 60% of total assets under management at September 30, 2007 and June 30, 2007, as compared to 59% of total assets under management at September 30, 2006. Fixed-income assets comprised 21% of total assets under management at September 30, 2007 and June 30, 2007, as compared to 22% at September 30, 2006. Hybrid assets accounted for 18% of total assets under management at September 30, 2007, June 30, 2007 and September 30, 2006. Sales exceeded redemptions by $9.8 billion for the quarter ended September 30, 2007, as compared to $15.9 billion for the prior quarter and $2.4 billion for the comparable quarter a year ago.

(The preceding paragraphs only represent a portion of the press release.)

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