SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of Report (Date of earliest event reported)... April 14, 1994
...................... FRANKLIN RESOURCES, INC. ..................
(Exact name of registrant as specified in its charter)
.... DELAWARE .................. 1-9318 ........... 13-2670991 ...
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
777 MARINERS ISLAND BLVD., SAN MATEO, CALIFORNIA .. 94404 ........
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code..(415) 312-3000
..................................................................
(Former name or former address, if changed since last report)
Item 5. Other Events
Registrant is filing this Form 8-K in order to file a current
earnings press release. By this filing, Registrant is not
establishing the practice of filing all earnings press releases
in the future and may discontinue such filings at any time.
Item 7. Financial Statements and Exhibits
(c)Exhibits
Exhibit "A" - Press Release issued on April 14, 1994 by
Franklin Resources, Inc.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
FRANKLIN RESOURCES, INC.
(Registrant)
Date: April 14, 1994 /s/ LESLIE M. KRATTER
.........................................
Leslie M. Kratter, Vice President
Exhibit "A" to Franklin Resources, Inc Form 8-K Dated April 14, 1994
FROM: Franklin Resources, Inc.
Tel: (415) 312-4701
Contact: Holly Gibson
Howard J. Rubenstein Associates, Inc.
Public Relations - Tel: (212) 489-6900
Contact: David Sternstein
- -----------------------------------------------------------------
FOR IMMEDIATE RELEASE
FRANKLIN RESOURCES ESTIMATES SECOND QUARTER RESULTS
SAN MATEO, CA, April 14, 1994 -- Franklin Resources, Inc.
(NYSE:BEN) today announced that primary and fully diluted earnings
per share for its second quarter ended March 31, 1994 are estimated
to be 82 cents per share, as compared to 51 cents per share for its
second quarter 1993. Total net assets under management by the
Company's subsidiaries were $113 billion as of March 31, 1994, up
from $96 billion as of March 31, 1993, but a decrease from a high of
$117 billion at January 31, 1994.
The Company also announced that it would, from time to
time, purchase shares of its common stock in the open market for use
in connection with various corporate incentive compensation programs
and when it believes that the market price of its shares merit such
action. Such purchases reflect a long-term company policy
authorized by its Board of Directors and recently reaffirmed. The
Company reported that, after adjustments for previous stock splits,
over 800,000 additional shares may be purchased by the Company
pursuant to such Board authorization.
(continued)
Press Release
Page 2
<TABLE>
<CAPTION>
FRANKLIN RESOURCES,INC.
SUMMARY FINANCIAL DATA
Three Months Ended Six Months Ended
31-Mar 31-Mar
Estimated Actual Estimated Actual
1994 1993 1994 1993
<S> <C> <C> <C> <C>
Net Income (thousands) $68,600 $42,233 $127,600 $76,997
Earnings per share:
Primary $.82 $.51 $1.52 $.94
Fully Diluted $.82 $.51 $1.52 $.94
Assets
under management(billions) $113 $96
</TABLE>
Franklin Resources' main business is the $113 billion
Franklin/Templeton Group. The Company has its headquarters at
777 Mariners Island Blvd., San Mateo, CA, 94404.
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