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( BW)(FRANKLIN-RESOURCES-INC)(FKR) Miscellaneous

    Business Editors
    UK REGULATORY NEWS

    SAN MATEO, Calif.--(BUSINESS WIRE)--May 7, 2003--

Franklin Templeton Investments Names Jim Baio as Chief Financial Officer and Jennifer Bolt as Chief Information Officer

San Mateo, CA, May 7, 2003 -- Franklin Templeton Investments is
pleased to announce the appointment of Jim Baio, CPA, as chief
financial officer and Jennifer Bolt as chief information officer of
Franklin Resources, Inc., effective May 15, 2003. Both have also been
named senior vice presidents of the firm.

"Jim Baio and Jenny Bolt have made significant contributions
to the organization over the past decade," said Charles B. Johnson,
chairman and chief executive officer of Franklin Resources, Inc. "Jim
is especially strong in strategic business planning, and Jenny is a
proven innovator in the technology area. Positioning these experienced
leaders in their new roles is part of our strategy for maintaining the
company's competitive position."

As CFO, Baio will be responsible for the firm's finance
functions including corporate treasury, corporate accounting,
financial operations, fund taxation and corporate taxation and will
report to Martin Flanagan, co-president of Franklin Resources, Inc. As
CIO, Bolt will have global responsibilities for software development
and implementation, infrastructure/systems support and
telecommunications. She will also report to Martin Flanagan.

Baio most recently served as chief administrative officer to
Flanagan. He supported Flanagan in the coordination and administration
of the investment management, finance, technology, risk management and
legal, as well as various administrative functions. Baio was also
directly responsible for the company's corporate development and
planning group.

Baio joined Franklin Templeton Investments in 1989 as the
risk manager of the Templeton organization, in which capacity he
initiated an internal audit function and a corporate and fund taxation
group and oversaw compliance efforts. In 1993, he became the treasurer
of the Templeton funds and in 1996 was named treasurer of the Mutual
Series funds. Prior to joining Franklin Templeton, he worked for Ernst
& Young for 12 years as a senior manager and CPA for audit and tax
functions.

Bolt most recently served as managing director of Franklin
Templeton Technologies. Prior to that, she was Franklin Templeton's
chief Web officer. In this role, Bolt oversaw the successful redesign
of franklintempleton.com, one of the company's most significant
technology projects to date. She was also instrumental in the creation
of AdvisorCentral.com, a groundbreaking industry-wide portal that
provides a single-site solution for investment professionals. In
addition, Bolt was named "E-commerce Executive of the Year" in 2002 by
Fund Action. In making the selection, Fund Action noted that Bolt
reengineered the company's online presence, pushing its efforts to the
forefront of e-commerce trends. Bolt joined Franklin in 1988 and
worked in various roles within the company's banking subsidiaries. She
continues to serve as chairman of Franklin Capital Corporation and
Franklin Templeton Bank & Trust.

Franklin Resources, Inc. [NYSE:BEN], is a global investment
organization operating as Franklin Templeton Investments. Franklin
Templeton provides global and domestic investment management services
through its Franklin, Templeton, Mutual Series and Fiduciary Trust
subsidiaries. The San Mateo, CA-based company has over 50 years of
investment experience and more than $252 billion in assets under
management as of March 31, 2003. For more information, please call
1-800/DIAL BEN(R) or visit franklintempleton.com.

Forward-Looking Statements 

Statements in this press release regarding Franklin Resources,
Inc.'s business which are not historical facts are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements involve a number
of risks, uncertainties and other important factors that could cause
the actual results and outcomes to differ materially from any future
results or outcomes expressed or implied by such forward-looking
statements. These risks, uncertainties and other important factors are
described in more detail in the "Risk Factors" section in Franklin's
recent filings with the U.S. Securities and Exchange Commission,
including, without limitation, the "Risk Factors" section of the
Management's Discussion and Analysis of Financial Condition and
Results of Operations in Franklin's Annual Report on Form 10-K for the
fiscal year ended September 30, 2002, and Franklin's most recent Form
10-Q.

o   Continuing volatility in the equity markets have caused the levels
    of our assets under management to fluctuate significantly.

o   Continued weak market conditions may lower our assets under
    management and reduce our revenues and income.

o   We face strong competition from numerous and sometimes larger
    companies.

o   Changes in the distribution channels on which we depend could
    reduce our revenues or hinder our growth.

o   The September 11, 2001 World Trade Center tragedy may adversely
    affect our ability to achieve the benefits we expect from the
    acquisition of Fiduciary Trust Company International.

o   We face risks associated with conducting operations in numerous
    foreign countries.

o   Our emerging market portfolios and related revenues are vulnerable
    to market-specific political and economic risks.

o   Our ability to meet cash needs depends upon certain factors,
    including our asset value, credit worthiness and the market value
    of our stock.

o   Technology and operating risk and limitations could constrain our
    operations.

   Short Name: Franklin Resources
   Category Code: MSC
   Sequence Number: 00004598
   Time of Receipt (offset from UTC): 20030507T161422+0100

    --30--ac/uk*

    KEYWORD: CALIFORNIA UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: FranklinResourcesInc

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