Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Rebok Allen C
 2. Date of Event Requiring Statement (Month/Day/Year)
02/27/2007		 3. Issuer Name and Ticker or Trading Symbol
FRANKLIN FINANCIAL SERVICES CORP /PA/ [FRAF]
(Last)
(First)
(Middle)
20 S MAIN STREET, PO BOX 6010		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

CHAMBERSBURG, PA 17201		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Franklin Financial Services Corp. 4,797
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Purchase Plan Options 07/01/2006 06/30/2007 Franklin Financial Services Corp. 325 $ 23.11 D  
Incentive Stock Options 10/23/2002 04/23/2012 Franklin Financial Services 1,875 $ 20 D  
Incentive Stock Options 08/13/2003 02/13/2013 Franklin Financial Services Corp. 937 $ 21.41 D  
Incentive Stock Options 08/12/2004 02/12/2014 Franklin Financial Services Corp. 1,875 $ 27.68 D  
Incentive Stock Options 08/10/2005 02/10/2015 Franklin Financial Services Corp. 750 $ 27.42 D  
Incentive Stock Options 08/09/2006 02/09/2016 Franklin Financial Services Corp. 750 $ 24.92 D  
Incentive Stock Options 08/08/2007 01/08/2017 Franklin Financial Services Corp. 1,500 $ 27.37 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Rebok Allen C
20 S MAIN STREET
PO BOX 6010
CHAMBERSBURG, PA 17201		       Senior Vice President  

Signatures

Allen C. Rebok 02/27/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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