Franklin Resources : Templeton Releases Closed-End Funds' Portfolio Allocation Updates

The Templeton closed-end Funds referenced below, which trade on the New York Stock Exchange, today released portfolio allocation updates containing the following information as of June 30, 2007:

• Asset Allocation
• Ten Largest Positions/Portfolio Characteristics
• International Allocation/Net Currency Distribution
• Industry Allocation/Country Distribution

To obtain a copy of the updates, please contact Fund Information at 1-800-342-5236.

Templeton closed-end Funds:

Templeton Dragon Fund, Inc. (NYSE:TDF)

Templeton Global Income Fund (NYSE:GIM)

Templeton Russia and East European Fund, Inc. (NYSE:TRF)

The Fund's investment managers are subsidiaries of Franklin Resources, Inc. (NYSE:BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series and Fiduciary Trust investment teams. The San Mateo, CA-based company has more than 50 years of investment experience and $624 billion in assets under management as of June 30, 2007. For more information, please call 1-800/DIAL BEN^® (1-800-342-5236) or visit franklintempleton.com.

TEMPLETON DRAGON FUND, INC.
AS OF JUNE 30, 2007
TOTAL NET ASSETS: $1,174,548,748
NET ASSET VALUE PER SHARE: $31.01
ASSET ALLOCATION	PERCENT OF TOTAL NET ASSETS		TEN LARGEST POSITIONS	PERCENT OF TOTAL NET ASSETS
CASH & OTHER	0.9%		DAIRY FARM INTERNATIONAL HOLDINGS LTD	13.3%
FIXED INCOME	0.0%		CHINA PETROLEUM & CHEMICAL CORP	9.7%
EQUITY(a)	99.1%		CHINA MOBILE LTD	9.0%
	100.0%		PETROCHINA CO LTD	5.9%
			CHINA CONSTRUCTION BANK	4.2%
			CNOOC LTD	3.6%
			CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD	3.5%
			ASUSTEK COMPUTER INC	2.9%
			CITIC PACIFIC LTD	2.9%
			CHINA INTERNATIONAL MARINE CONTAINERS (GROUP) CO	2.6%
				57.6%

INTERNATIONAL ALLOCATION	PERCENT OF TOTAL NET ASSETS		INDUSTRY ALLOCATION	PERCENT OF TOTAL NET ASSETS
ASIA	97.7%		CONSUMER DISCRETIONARY	6.5%
CAMBODIA	0.3%		AUTOMOBILES & COMPONENTS	2.7%
CHINA	59.1%		CONSUMER DURABLES & APPAREL	0.7%
HONG KONG	21.9%		CONSUMER SERVICES	0.5%
SINGAPORE	0.4%		MEDIA	0.1%
SOUTH KOREA	0.6%		RETAILING	2.5%
TAIWAN	15.4%		CONSUMER STAPLES	14.2%
EUROPE	2.3%		FOOD & STAPLES RETAILING	13.4%
UNITED KINGDOM	2.3%		FOOD BEVERAGE & TOBACCO	0.7%
TOTAL NET ASSETS	100.0%		ENERGY	22.4%
			FINANCIALS	13.9%
			BANKS	11.9%
			INSURANCE	0.4%
			REAL ESTATE	1.5%
			HEALTH CARE	0.2%
			PHARMACEUTICALS BIOTECHNOLOGY & LIFE SCIENCES	0.2%
			INDUSTRIALS	12.3%
			CAPITAL GOODS	8.9%
			TRANSPORTATION	3.4%
			INFORMATION TECHNOLOGY	11.6%
			SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT	4.5%
			SOFTWARE & SERVICES	0.4%
			TECHNOLOGY HARDWARE & EQUIPMENT	6.7%
			MATERIALS	0.1%
			TELECOMMUNICATION SERVICES	11.8%
			UTILITIES	7.0%
			TOTAL NET ASSETS	100.0%

You may request a copy of the Fund's current Report to Shareholders by contacting Fund Information at 1-800-DIAL BEN® (1-800-342-5236). Since markets can go down as well as up, investment return and principal value will fluctuate with market conditions, currency volatility, and the economic, social and political climates of countries where the Fund invests. Emerging markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. You may have a gain or loss when you sell your shares. The industry allocation uses MSCI's industry definitions for the convenience of comparison. The information provided is as of the date shown. The Fund's portfolio is actively managed and investment allocations can be expected to change.

(a) Equity includes convertible and preferred securities.

TEMPLETON GLOBAL INCOME FUND
AS OF JUNE 30, 2007
TOTAL NET ASSETS: $1,192,547,848
NET ASSET VALUE PER SHARE: $9.12
ASSET ALLOCATION	PERCENT OF TOTAL NET ASSETS		PORTFOLIO CHARACTERISTICS
CASH & OTHER	14.8%		WEIGHTED AVG. CREDIT QUALITY	A
FIXED INCOME	85.2%		WEIGHTED AVG. MATURITY	4.52 yrs.
	100.0%		WEIGHTED AVG. DURATION	2.43 yrs.
			WEIGHTED AVG. COUPON	5.234%

NET CURRENCY DISTRIBUTION	PERCENT OF TOTAL NET ASSETS		COUNTRY DISTRIBUTION	PERCENT OF TOTAL NET ASSETS
ASIA	46.2%		ASIA	38.1%
INDIAN RUPEE	4.9%		INDIA	4.9%
INDO RUPIAH	8.8%		INDONESIA	8.8%
JAPANESE YEN	12.7%		JAPAN	4.4%
MALAYSI RINGGIT	8.8%		MALAYSIA	8.8%
SOUTH KOREA WON	8.6%		PHILIPPINES	0.1%
SINGAPORE DOLLAR	1.6%		SINGAPORE	1.6%
THAILAND BAHT	0.8%		SOUTH KOREA	8.6%
AUSTRALIA/NEW ZEALAND	3.0%		THAILAND	0.8%
AUSTRALIAN DLR	3.5%		AUSTRALIA/NEW ZEALAND	1.3%
N ZEAL DOLLAR	-0.5%		AUSTRALIA	3.5%
EUROPE	30.8%		NEW ZEALAND	-2.2%
EURO	0.1%		EUROPE	29.0%
ICELAND KRONA	2.7%		EURO COMMUNITY	-0.5%
KAZAKHSTAN TENGE	3.0%		GERMANY	4.6%
NORWEGIAN KRONE	5.2%		ICELAND	0.7%
POLAND ZLOTY	8.3%		KAZAKHSTAN	3.0%
ROMANIA LEU-NEW	0.2%		NORWAY	5.2%
SLOVAK KORUNA	1.7%		POLAND	4.5%
SWEDISH KRONA	9.5%		ROMANIA	0.2%
LATIN AMERICA	11.7%		SLOVAK REPUBLIC	1.7%
BRAZILIAN REAL	6.4%		SWEDEN	9.5%
CHILEAN PESO	1.0%		LATIN AMERICA	14.3%
COLUMBIAN PESO	0.5%		ARGENTINA	4.0%
MEXICAN PESO	0.1%		BRAZIL	6.4%
PERU NUEVO SOL	3.6%		CHILE	1.0%
MID-EAST/AFRICA	3.1%		COLUMBIA	0.5%
EGYPTIAN POUND	3.1%		MEXICO	-1.3%
NORTH AMERICA	5.2%		PERU	3.6%
CANADIAN DOLLAR	4.6%		MID-EAST/AFRICA	4.2%
US DOLLAR	0.6%		EGYPT	3.1%
TOTAL	100.0%		IRAQ	1.0%
			NORTH AMERICA	5.2%
			CANADA	6.0%
			UNITED STATES	-0.7%
			OTHER	8.0%
			SUPRANATIONAL	8.0%
			TOTAL	100.0%

You may request a copy of the Fund's current Report to Shareholders by contacting Fund Information at 1-800/DIAL BEN® (1-800-342-5236). Since markets can go down as well as up, investment return and principal value will fluctuate with market conditions, currency volatility, and the economic, social and political climates of countries where the Fund invests. Emerging markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. You may have a gain or loss when you sell your shares. The information provided is as of the date shown. The Fund's portfolio is actively managed and investment allocations can be expected to change.

TEMPLETON RUSSIA AND EAST EUROPEAN FUND, INC.
AS OF JUNE 30, 2007
TOTAL NET ASSETS: $349,504,657
NET ASSET VALUE PER SHARE: $63.78
ASSET ALLOCATION	PERCENT OF TOTAL NET ASSETS		TEN LARGEST POSITIONS	PERCENT OF TOTAL NET ASSETS
CASH & OTHER	3.9%		SBERBANK RF	15.8%
FIXED INCOME	0.0%		UNIFIED ENERGY SYSTEMS	14.8%
EQUITY(a)	96.1%		MINING AND METALLURGICAL CO NORILSK NICKEL	9.5%
	100.0%		LUKOIL HOLDINGS	9.2%
			CHEREPOVETS MK SEVERSTAL	6.6%
			VOLGATELECOM	5.4%
			EGIS NYRT	4.7%
			SIBIRTELECOM	4.7%
			GAZPROM OAO	3.5%
			SOUTHERN TELECOMMUNICATIONS COMPANY	3.5%
				77.7%

INTERNATIONAL ALLOCATION

PERCENT OF TOTAL NET ASSETS

INDUSTRY ALLOCATION

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