EXHIBIT 23

                       CONSENT OF INDEPENDENT ACCOUNTANTS

We consent to the  incorporation by reference in the Registration  Statements of
Franklin  Resources,  Inc. on Form S-3 dated October 9, 1996 for the issuance of
medium term notes,  Form S-3 filed  September 30, 1994 for the  registration  of
1,411,736 shares,  Form S-8 for the 1988 Restricted Stock Plan, Form S-8 for the
Franklin Resources,  Inc. Universal Stock Plan, Form S-8 for Franklin Resources,
Inc.  United  Kingdom  Stock  Option  Plan #1 and Form S-8 for the Canada  Stock
Option  Plan,  of our  report  dated  October  22,  1997,  on our  audits  of 
the consolidated  financial  statements of Franklin Resources,  Inc. and
subsidiaries as of September 30, 1997 and 1996 and for the years ended
September 30, 1997,  1996,  and 1995, which report is included in this Annual 
Report on Form 10-K.


                                          COOPERS & LYBRAND L.L.P.

San Francisco, California
December 18, 1997