Form 4 FRANKLIN RESOURCES INC For: Apr 01 Filed by: Waugh Seth H.

LIMITED POWER OF ATTORNEY
				FOR
		    SECTION 16 REPORTING OBLIGATIONS


	Know all by these presents, that the undersigned hereby makes, 
constitutes and appoints each of Craig S. Tyle, Virginia Rosas and Maria 
Gray, each acting individually, as the undersigned's true and lawful 
attorney-in-fact, with full power and authority as hereinafter described 
on behalf of and in the name, place and stead of the undersigned to:

(1)	prepare, execute, acknowledge, deliver and file Forms 3, 4, and 5 
(including any amendments thereto) with respect to the securities of 
Franklin Resources, Inc., a Delaware corporation (the "Reporting Entity"), 
with the United States Securities and Exchange Commission, any national 
securities exchanges and the Reporting Entity, as considered necessary or 
advisable under Section 16(a) of the Securities Exchange Act of 1934 and 
the rules and regulations promulgated thereunder, as amended from time to 
time (the "Exchange Act");

(2)	seek or obtain, as the undersigned's representative and on the 
undersigned's behalf, information on transactions in the Reporting Entity's 
securities from any third party, including brokers, employee benefit plan 
administrators and trustees, and the undersigned hereby authorizes any such 
person to release any such information to the undersigned and approves and 
ratifies any such release of information; and

(3)	perform any and all other acts which in the discretion of such 
attorney-in-fact are necessary or desirable for and on behalf of the 
undersigned in connection with the foregoing.

	The undersigned acknowledges that:

(1)	this Limited Power of Attorney authorizes, but does not require, 
each such attorney-in-fact to act in their discretion on information provided 
to such attorney-in-fact without independent verification of such information;

(2)	any documents prepared and/or executed by either such attorney-in-fact 
on behalf of the undersigned pursuant to this Limited Power of Attorney will 
be in such form and will contain such information and disclosure as such 
attorney-in-fact, in his or her discretion, deems necessary or desirable;

(3)	neither the Reporting Entity nor either of such attorneys-in-fact 
assumes (i) any liability for the undersigned's responsibility to comply with 
the requirements of the Exchange Act, (ii) any liability of the undersigned 
for any failure to comply with such requirements, or (iii) any obligation or 
liability of the undersigned for profit disgorgement under Section 16(b) 
of the Exchange Act; and

(4)	this Limited Power of Attorney does not relieve the undersigned from 
responsibility for compliance with the undersigned's obligations under the 
Exchange Act, including without limitation the reporting requirements under 
Section 16 of the Exchange Act.

	The undersigned hereby gives and grants each of the foregoing attorneys
-in-fact full power and authority to do and perform all and every act and 
thing whatsoever requisite, necessary or appropriate to be done in and about 
the foregoing matters as fully to all intents and purposes as the undersigned 
might or could do if present, hereby ratifying all that each such attorney-in-
fact, of, for and on behalf of the undersigned, shall lawfully do or cause 
to be done by virtue of this Limited Power of Attorney.

	This Limited Power of Attorney shall remain in full force and effect 
until revoked by the undersigned in a signed writing delivered to each such 
attorney-in-fact.

	IN WITNESS WHEREOF, the undersigned has caused this Limited Power of 
Attorney to be executed as of this 3rd day of March, 2015. 



					/s/ Seth H. Waugh
					____________________  			
					Signature

					Seth H. Waugh	
					____________________		
					Print Name 

You May Also Be Interested In

• Franklin Resources (BEN) PT Raised to $25 at Morgan Stanley
• FD Capital Launches Head Of Finance Recruitment Team
• Municipality Finance issues a GBP 50 million tap under its MTN programme