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Windisch, CFO, explains arc of a diver steve winwood 859-263-3948Fax: Copyright Business Wire 2009. SAN MATEO, Calif.--(Business Wire)--Franklin Resources, Inc. (Franklin Templeton Investments) (NYSE:BEN) todayreported preliminary month-end assets under management by the company`ssubsidiaries of $416.2 billion at December 31, 2008, compared to $404.6 billionat November 30, 2008 and $643.7 billion at December 31, 2007.ASSETS UNDER MANAGEMENT Preliminary (In billions)31-Dec-0830-Nov-0830-Sep-0830-Jun-0831-Dec-07 Franklin Templeton Investments:Equity:Global/international $142.6 $137.5 $190.3 $233.7 $286.1Domestic (U.S.)55.2 53.9 72.9 82.5 95.8Total equity 197.8191.4263.2316.2381.9Hybrid 78.8 75.3 93.9 109.5116.4Fixed-Income:Tax-free 56.1 56.6 59.7 61.6 59.3Taxable: Global/international 45.9 43.9 52.7 54.3 48.3Domestic (U.S.)29.8 29.0 30.5 31.6 31.5Total fixed-income 131.8129.5142.9147.5139.1Money Market 7.88.47.37.06.3Total$416.2 $404.6 $507.3 $580.2 $643.7Franklin Resources, Inc. is a global investment management organizationoperating as Franklin Templeton Investments.

Franklin Templeton Investmentsprovides global and domestic investment management solutions managed by itsFranklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissettinvestment teams back in the high life again steve winwood . The San Mateo, CA-based company has more than 60 years ofinvestment experience winwood discography . For more information, please call 1-800/DIAL BEN or visitfranklintempleton lyrics winwood . Forward-Looking Statements:The financial results in this press release are preliminary winwood capaldi . Statements in thispress release regarding Franklin Resources, Inc. and its subsidiaries, which arenot historical facts, are "forward-looking statements" within the meaning of thePrivate Securities Litigation Reform Act of 1995. These forward-lookingstatements involve a number of known and unknown risks, uncertainties and otherimportant factors, some of which are listed below, that could cause the actualresults and outcomes to differ materially from any future results or outcomesexpressed or implied by such forward-looking statements.

These and other risks,uncertainties and other important factors are described in more detail inFranklin`s recent filings with the U.S back in the high life steve winwood . Securities and Exchange Commission,including, without limitation, in Risk Factors and Management`s Discussion andAnalysis of Financial Condition and Results of Operations in Franklin`s AnnualReport on Form 10-K for the fiscal year ended September 30, 2008.* We are subject to extensive and often complex, overlapping and frequentlychanging rules, regulations and legal interpretations winwood valerie . * Regulatory and legislative actions and reforms have made the regulatoryenvironment in which we operate more costly and future actions and reforms couldadversely impact our assets under management, increase costs and negativelyimpact our profitability and future financial results steve rock . * The amount or mix of our assets under management are subject to significantfluctuations and could negatively impact our revenues and income winwood music .

* Our ability to maintain the beneficial tax treatment we anticipate withrespect to non-U.S best of steve winwood . earnings we have repatriated is based on currentinterpretations of the American Jobs Creation Act of 2004 (the "Jobs Act") andpermitted use of such amounts in accordance with our domestic reinvestment planand the Jobs Act eric winwood . * Any significant limitation or failure of our software applications and othertechnology systems that are critical to our operations could constrain ouroperations steve band . * We face risks, and corresponding potential costs and expenses, associated withconducting operations and growing our business in numerous countries steve traffic . * We depend on key personnel and our financial performance could be negativelyaffected by the loss of their services. * Strong competition from numerous and sometimes larger companies with competingofferings and products could limit or reduce sales of our products, potentiallyresulting in a decline in our market share, revenues and net income.

* Changes in the distribution and sales channels on which we depend could reduceour revenues and hinder our growth . * Our increasing focus on international markets as a source of investments andsales of investment products subjects us to increased exchange rate and otherrisks in connection with earnings and income generated overseas steve valerie . * Poor investment performance of our products could affect our sales or reducethe level of assets under management, potentially negatively impacting ourrevenues and income winwood stevie . * We could suffer losses in earnings or revenue if our reputation is harmed . * Our future results are dependent upon maintaining an appropriate level ofexpenses, which is subject to fluctuation. * Our ability to successfully integrate widely varied business lines can beimpeded by systems and other technological limitations.