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Franklin Resources, Inc. Names Craig S. Tyle General Counsel to Succeed Murray L. Simpson

From: Franklin Resources, Inc. / Franklin Templeton Investments
Contact: Kristine Snow
Telephone:(650) 525-7298

San Mateo, CA, June 13, 2005 - Franklin Resources, Inc. (Franklin Templeton Investments) (NYSE: BEN) today announced that Craig S. Tyle will become general counsel and senior vice president succeeding current general counsel, Murray L. Simpson.  Tyle will be joining Franklin Templeton Investments in September and relocating to San Mateo, CA at that time.  Simpson will become a senior advisor to the company when Tyle becomes general counsel. 

Tyle is currently a partner at Shearman & Sterling LLP in Washington D.C.   Prior to that, he was general counsel for the Investment Company Institute (ICI) from 1997 through 2004 where he oversaw the Securities and Financial Regulation, Tax and Pension, and International practice groups.  He developed industry positions on legislative and regulatory proposals and was responsible for the drafting of Congressional testimony and submissions to the U.S. Securities and Exchange Commission and other federal, state and foreign regulatory agencies.  Prior to serving as general counsel, Tyle held various positions in the ICI’s legal department, from assistant general counsel to senior counsel of Securities and Financial Regulation.  Tyle graduated magna cum laude from Harvard Law School.

“We are very excited to have an industry veteran like Craig Tyle heading up our legal team when Murray Simpson retires from that position,” said Martin Flanagan, co-CEO of Franklin Resources, Inc. “Craig brings a seasoned perspective and a clear understanding of the multifaceted issues facing the mutual fund industry, and we look forward to leveraging his extensive experience. We also look forward to continuing to benefit from the talents and in-depth knowledge of our business that Murray Simpson will provide in his new role with the company.”  Simpson has served as the company’s general counsel since 2000, has been with the firm since 1994, and from 1971 to 1991 was outside legal counsel to the company and a director.

Franklin Resources, Inc. [NYSE:BEN], is a global investment organization operating as Franklin Templeton Investments.  Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series and Fiduciary Trust investment teams.  The San Mateo, CA-based company has more than 50 years of investment experience and over $417 billion in assets under management as of May 31, 2005.  For more information, please call 1-800/DIAL BEN® or visit


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