Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, Fla.--(Business Wire)--
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 March 31, 2008:

-- 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 Funds' 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, Fiduciary Trust, Darby and Bissett investment teams. The San
Mateo, CA-based company has more than 60 years of investment
experience and over $591 billion in assets under management as of
March 31, 2008. For more information, please call 1-800/DIAL BEN(R) or
visit franklintempleton.com.

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TEMPLETON DRAGON FUND, INC.
AS OF MARCH 31, 2008
TOTAL NET ASSETS: $1,090,994,791
NET ASSET VALUE PER SHARE: $28.81

PERCENT OF PERCENT OF
TOTAL NET TOTAL NET
ASSET ALLOCATION ASSETS TEN LARGEST POSITIONS ASSETS
----------------------------- ----------------------------------------
DAIRY FARM INTERNATIONAL
CASH & OTHER 1.5% HOLDINGS LTD 13.5%
EQUITY(a) 98.5% CHINA MOBILE LTD 12.1%
100.0% CHINA PETROLEUM & CHEMICAL
CORP (SINOPEC) 7.7%
PETROCHINA CO LTD 6.6%
CNOOC LTD 5.2%
CHINA CONSTRUCTION BANK 4.9%
CHEUNG KONG INFRASTRUCTURE
HOLDINGS LTD 4.1%
ASUSTEK COMPUTER INC 3.6%
CITIC PACIFIC LTD 2.6%
TAIWAN SEMICONDUCTOR
MANUFACTURING CO LTD 2.6%
62.9%
*T

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PERCENT OF PERCENT OF
INTERNATIONAL TOTAL NET TOTAL NET
ALLOCATION ASSETS INDUSTRY ALLOCATION ASSETS
----------------------------- ----------------------------------------
ASIA 100.0% CONSUMER DISCRETIONARY 7.0%
CAMBODIA 0.3% AUTOMOBILES & COMPONENTS 3.8%
CHINA 57.8% CONSUMER DURABLES & APPAREL 0.7%
HONG KONG 27.3% CONSUMER SERVICES 0.3%
SINGAPORE 0.2% MEDIA 0.2%
TAIWAN 14.3% RETAILING 2.0%
TOTAL NET ASSETS 100.0% CONSUMER STAPLES 14.5%
FOOD & STAPLES RETAILING 13.8%
FOOD BEVERAGE & TOBACCO 0.8%
ENERGY 23.4%
FINANCIALS 11.1%
BANKS 9.2%
INSURANCE 0.2%
REAL ESTATE 1.7%
HEALTH CARE 0.1%
PHARMACEUTICALS 0.1%
BIOTECHNOLOGY & LIFE
SCIENCES
INDUSTRIALS 10.2%
CAPITAL GOODS 7.2%
TRANSPORTATION 3.0%
INFORMATION TECHNOLOGY 11.8%
SEMICONDUCTORS &
SEMICONDUCTOR EQUIPMENT 4.7%
SOFTWARE & SERVICES 0.4%
TECHNOLOGY HARDWARE &
EQUIPMENT 6.8%
MATERIALS 0.1%
TELECOMMUNICATION SERVICES 15.4%
UTILITIES 6.4%
TOTAL NET ASSETS 100.0%
*T

You may request a copy of the Fund's current Report to
Shareholders by contacting Fund Information at 1-800-DIAL BEN(R)
(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 and comes from sources
considered reliable, but the Fund makes no representation or warranty
as to its completeness or accuracy. The Fund's portfolio is actively
managed and investment allocations can be expected to change.

(a) Equity includes convertible and preferred securities.

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TEMPLETON GLOBAL INCOME FUND
AS OF MARCH 31, 2008
TOTAL NET ASSETS: $1,227,567,058
NET ASSET VALUE PER SHARE: $9.37

PERCENT OF
TOTAL NET
ASSET ALLOCATION ASSETS PORTFOLIO CHARACTERISTICS
----------------------------- ----------------------------------------
CASH & OTHER 9.7% WEIGHTED AVG. CREDIT QUALITY A+
FIXED INCOME 90.3% WEIGHTED AVG. MATURITY 5.95 yrs.
100.0% WEIGHTED AVG. DURATION 3.24 yrs.
WEIGHTED AVG. COUPON 5.333%
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PERCENT OF PERCENT OF
TOTAL NET TOTAL NET
NET CURRENCY DISTRIBUTION ASSETS COUNTRY DISTRIBUTION ASSETS
------------------------------------- --------------------------------
ASIA 58.4% ASIA 50.9%
INDIAN RUPEE 3.8% INDIA 3.8%
INDO RUPIAH 5.5% INDONESIA 5.5%
JAPANESE YEN 34.9% JAPAN 27.3%
MALAYSI RINGGIT 12.0% MALAYSIA 12.0%
SOUTH KOREA WON 0.4% PHILIPPINES 0.1%
SINGAPORE DOLLAR 1.7% SINGAPORE 1.7%
AUSTRALIA/NEW ZEALAND 2.8% SOUTH KOREA 0.4%
AUSTRALIAN DLR 3.1% AUSTRALIA/NEW ZEALAND 1.1%
N ZEAL DOLLAR -0.3% AUSTRALIA 3.1%
EUROPE 7.7% NEW ZEALAND -2.0%
CZECH KRONA 1.4% EUROPE 6.7%
EURO -35.7% AUSTRIA 4.9%
KAZAKHSTAN TENGE 4.8% CZECH REPUBLIC 1.4%
NORWEGIAN KRONE 6.9% EURO COMMUNITY -38.8%
POLAND ZLOTY 7.7% FRANCE 3.0%
ROMANIA LEU-NEW -4.2% GERMANY 5.4%
SWEDISH KRONA 12.9% KAZAKHSTAN 4.8%
SWISS FRANC 13.9% NORWAY 5.1%
LATIN AMERICA 12.5% POLAND 3.2%
BRAZILIAN REAL 6.6% ROMANIA -4.2%
CHILEAN PESO 2.4% SWEDEN 12.9%
MEXICAN PESO 0.1% SWITZERLAND 9.0%
PERU NUEVO SOL 3.5% LATIN AMERICA 13.3%
MID-EAST/AFRICA 4.9% ARGENTINA 2.2%
EGYPTIAN POUND 4.9% BRAZIL 6.6%
NORTH AMERICA 13.8% CHILE 2.4%
US DOLLAR 13.8% MEXICO -1.3%
TOTAL 100.0% PERU 3.5%
MID-EAST/AFRICA 4.9%
EGYPT 4.9%
NORTH AMERICA 13.0%
CANADA 1.4%
UNITED STATES 11.6%
OTHER 10.2%
SUPRANATIONAL 10.2%
TOTAL 100.0%
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You may request a copy of the Fund's current Report to
Shareholders by contacting Fund Information at 1-800/DIAL BEN(R)
(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 and comes from sources considered
reliable, but the Fund makes no representation or warranty as to its
completeness or accuracy. The Fund's portfolio is actively managed and
investment allocations can be expected to change.

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TEMPLETON RUSSIA AND EAST EUROPEAN FUND, INC.
AS OF MARCH 31, 2008
TOTAL NET ASSETS: $331,856,956
NET ASSET VALUE PER SHARE: $60.37

PERCENT OF PERCENT OF
TOTAL NET TOTAL NET
ASSET ALLOCATION ASSETS TEN LARGEST POSITIONS ASSETS
----------------------------- ----------------------------------------
MINING AND METALLURGICAL
CASH & OTHER 12.1% CO NORILSK NICKEL 13.5%
EQUITY(a) 87.9% SBERBANK RF 13.4%
100.0% CHEREPOVETS MK SEVERSTAL 11.3%
LUKOIL HOLDINGS 10.9%
VOLGATELECOM 6.8%
GAZPROM OAO 5.2%
EGIS NYRT 4.3%
SIBIRTELECOM 4.3%
SOUTHERN TELECOMMUNCATIONS
COMPANY 3.2%
OAO TMK 3.0%
75.9%
*T

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PERCENT OF PERCENT OF
TOTAL NET TOTAL NET
INTERNATIONAL ALLOCATION ASSETS INDUSTRY ALLOCATION ASSETS
---------------------------------- -----------------------------------
EUROPE 100.0% CONSUMER STAPLES 2.3%
AUSTRIA 0.8% FOOD BEVERAGE & TOBACCO 2.3%
HUNGARY 4.9% ENERGY 23.1%
KAZAKHSTAN 0.3% FINANCIALS 18.0%
LUXEMBOURG 2.0% BANKS 15.3%
NETHERLANDS 1.0% DIVERSIFIED FINANCIALS 0.3%
RUSSIA 91.0% REAL ESTATE 2.4%
TOTAL EQUITY(a) 100.0% HEALTH CARE 6.0%
PHARMACEUTICALS
BIOTECHNOLOGY & LIFE
SCIENCES 6.0%
INDUSTRIALS 0.5%
CAPITAL GOODS 0.5%
MATERIALS 32.4%
TELECOMMUNICATION
SERVICES 17.4%
UTILITIES 0.3%
TOTAL EQUITY(a) 100.0%
*T

You may request a copy of the Fund's current Report to
Shareholders by contacting Fund Information at 1-800-DIAL BEN(R)
(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 and comes
from sources considered reliable, but the Fund makes no representation
or warranty as to its completeness or accuracy. The Fund's portfolio
is actively managed and investment allocations can be expected to
change.

(a) Equity includes convertible and preferred securities.

Franklin Templeton Investments, 1-800-342-5236

Copyright Business Wire 2008