Registration No. 33- 53147
Filing under Rule 424(b)(3)
PRICING SUPPLEMENT NO. (7) DATED (July 11, 1996)
(To Prospectus and Prospectus Supplement dated May 19, 1994)
FRANKLIN RESOURCES, INC.
Medium-Term Notes
With Maturities of Nine Months or More From Date of Issue
Except as set forth herein, the Notes offered hereby are
Fixed Rate Notes and have such terms as are described in the
accompanying Prospectus Supplement dated May 19, 1994
relating to Fixed Rate Notes.
Offering Agent: Merrill Lynch & Co.
Notes Sold:
[ ] To Offering Agent as Principal
[X] To Investor or Other Purchaser Through
Offering Agent as Agent for Franklin
Resources, Inc.
With Respect to Notes
Sold to Offering Agent
as Principal, Such Notes
Will be Resold to
Investors/Other Purchasers:
[ ] At a Fixed Offering Price of a Specified
Percentage of Their Principal Amount
[ ] At Varying Prices Related to Prevailing
N/A Market Prices at Time of Resale
[ ] At 100% of Their Principal Amount
With Respect to Notes
Sold to an Investor/Other Purchaser
Through Offering Agent Acting as
Agent for Franklin Resources, Inc.,
Such Notes Will be Sold:
[X] At 100% of Their Principal Amount
[ ] At a Specified Percentage of Their Principal
Amount
Offering Agent's Commission: .25%
Net Proceeds to Franklin
Resources, Inc.: $19,950,000
Principal Amount: $20,000,000
Original Issue Date
(Settlement Date): July 16, 1996
Stated Maturity Date: July 16, 1998
Issue Price: $20,000,000
Currency Determination
Agent (if other than
Chemical Bank, N.A.): N/A
Interest Rate(s)
(Fixed Rate Notes): 6.63%
Initial Interest Rate
(Floating Rate Notes): N/A
Interest Payment Dates: [X] April 15 and October 15 of
each year
[ ] Other:
Regular Record Dates: [X] April 1 and October 1 next
preceding each Interest
Payment Date
[ ] Fifteenth calendar day (whether
or not a Market Day) next
preceding each Interest
Payment Date
Interest Rate Basis or Bases
(Floating Rate Notes): [ ] Commercial Paper Rate
[ ] Prime Rate
[ ] Telerate LIBOR
[ ] Reuters LIBOR
N/A [ ] Treasury Rate
[ ] CD Rate
[ ] Federal Funds Rate
[ ] Other:
Index Maturity (Floating
Rate Notes): N/A
Interest Payment Dates
(Floating Rate Notes): N/A
Spread (Floating Rate
Notes): N/A
Spread Multiplier (Floating
Rate Notes): N/A
Interest Reset Period
(Floating Rate Notes): N/A
Interest Reset Dates (Floating
Rate Notes): N/A
Interest Determination
Dates (Floating Rate
Notes): N/A
Calculation Agent (if other
than Chemical Bank, N.A.) (Floating
Rate Notes): N/A
Minimum Interest Rate (Floating
Rate Notes): N/A
Maximum Interest Rate (Floating
Rate Notes): N/A
Redemption:
[X] The Notes cannot be redeemed prior to the Stated
Maturity Date
[ ] The Notes may be redeemed prior to the Stated
Maturity Date
Initial Redemption Date(s):
Initial Redemption Percentage:
Annual Redemption Percentage Reduction: _______%
until Redemption Percentage is 100% of the
principal amount.
Optional Repayment:
[X] The Notes cannot be repaid prior to the Stated
Maturity Date
[ ] The Notes can be repaid prior to the Stated
Maturity Date at the option of the holder of the
Notes.
Optional Repayment Date(s):
Repayment Price(s): _______%
Form of Note: [X] Global Security
[ ] Certificated note
Original Issue
Discount Note: [ ] Yes
[X] No
Total Amount of OID: N/A
Issue Price (expressed as a
percentage of aggregate
principal amount): N/A
Yield to Maturity: N/A
Short Accrual
Period OID: N/A
Method Used to Determine
Yield For Short Accrual
Period: [ ] Approximate
N/A [ ] Exact
Other Provisions:
