Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL, Apr 20 (MARKET 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, 2009:

-- 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 $391 billion in assets
under management as of March 31, 2009. For more information, please call
1-800/DIAL BEN(R) or visit franklintempleton.com.

TEMPLETON DRAGON FUND, INC.
AS OF MARCH 31, 2009
TOTAL NET ASSETS: $726,761,098
NET ASSET VALUE PER SHARE: $19.19

PERCENT PERCENT
OF TOTAL OF TOTAL
ASSET NET NET
ALLOCATION ASSETS TEN LARGEST POSITIONS ASSETS
---------- --------- ----------------------------------------- ---------
CASH & OTHER 1.2% DAIRY FARM INTERNATIONAL HOLDINGS LTD 18.8%
EQUITY* 98.8% CHINA MOBILE LTD 9.3%
--------- CHINA PETROLEUM & CHEMICAL CORP (SINOPEC) 8.6%
100.0% PETROCHINA CO LTD 5.8%
CNOOC LTD 4.9%
CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD 4.4%
CHINA CONSTRUCTION BANK 3.9%
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 3.4%
SHANGHAI INDUSTRIAL HOLDINGS LTD 2.6%
HOPEWELL HOLDINGS LTD 2.6%
---------
64.3%

PERCENT PERCENT
OF TOTAL OF TOTAL
INTERNATIONAL NET NET
ALLOCATION ASSETS INDUSTRY ALLOCATION ASSETS
----------------- --------- ---------------------------------- --------
ASIA 100.0% CONSUMER DISCRETIONARY 7.4%
----------------- --------- ---------------------------------- --------
CAMBODIA 0.2% AUTOMOBILES & COMPONENTS 4.9%
CHINA 58.4% CONSUMER DURABLES & APPAREL 0.6%
HONG KONG 29.9% CONSUMER SERVICES 0.2%
SINGAPORE 0.1% MEDIA 0.1%
TAIWAN 11.4% RETAILING 1.7%
--------- ---------------------------------- --------
TOTAL NET ASSETS 100.0% CONSUMER STAPLES 20.9%
--------- ---------------------------------- --------
FOOD & STAPLES RETAILING 19.2%
FOOD BEVERAGE & TOBACCO 1.7%
---------------------------------- --------
ENERGY 22.9%
---------------------------------- --------
FINANCIALS 14.4%
---------------------------------- --------
BANKS 8.1%
INSURANCE 1.9%
REAL ESTATE 4.4%
---------------------------------- --------
HEALTH CARE 0.1%
---------------------------------- --------
PHARMACEUTICALS, BIOTECHNOLOGY
& LIFE SCIENCES 0.1%
---------------------------------- --------
INDUSTRIALS 5.7%
---------------------------------- --------
CAPITAL GOODS 4.4%
TRANSPORTATION 1.3%
---------------------------------- --------
INFORMATION TECHNOLOGY 9.4%
---------------------------------- --------
SEMICONDUCTORS & SEMICONDUCTOR
EQUIPMENT 4.5%
SOFTWARE & SERVICES 0.9%
TECHNOLOGY HARDWARE & EQUIPMENT 4.0%
---------------------------------- --------
MATERIALS 0.3%
---------------------------------- --------
TELECOMMUNICATION SERVICES 11.7%
---------------------------------- --------
UTILITIES 7.2%
---------------------------------- --------
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(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.

* Equity includes convertible and preferred securities.

TEMPLETON GLOBAL INCOME FUND
AS OF MARCH 31, 2009
TOTAL NET ASSETS: $1,051,665,626
NET ASSET VALUE PER SHARE: $8.02

PERCENT
OF TOTAL
NET
ASSET ALLOCATION ASSETS PORTFOLIO CHARACTERISTICS
---------------- --------- ---------------------------- ---------
CASH & OTHER 14.3% WEIGHTED AVG. CREDIT QUALITY A
FIXED INCOME 85.7% WEIGHTED AVG. MATURITY 9.21 yrs.
--------- WEIGHTED AVG. DURATION 6.224 yrs.
100.0% WEIGHTED AVG. COUPON 6.024%

PERCENT OF PERCENT OF
TOTAL NET TOTAL NET
NET CURRENCY DISTRIBUTION ASSETS COUNTRY DISTRIBUTION ASSETS
------------------------- ----------- --------------------- -----------
ASIA 46.3% ASIA 23.9%
------------------------- ----------- --------------------- -----------
CHINESE YUAN 9.8% INDONESIA 8.9%
INDIAN RUPEE 1.7% MALAYSIA 1.4%
INDO RUPIAH 8.6% PHILIPPINES 0.1%
JAPANESE YEN 10.1% SOUTH KOREA 13.5%
MALAYSI RINGGIT 16.1% --------------------- -----------
SOUTH KOREA WON 12.9% AUSTRALIA/NEW ZEALAND 8.1%
SINGAPORE DOLLAR -13.8% --------------------- -----------
VIETNAM DONG 1.0% AUSTRALIA 7.0%
------------------------- ----------- NEW ZEALAND 1.1%
AUSTRALIA/NEW ZEALAND 2.4% --------------------- -----------
------------------------- ----------- EUROPE 18.8%
AUSTRALIAN DOLLAR 2.6% --------------------- -----------
NEW ZEALAND DOLLAR -0.1% FRANCE 3.2%
------------------------- ----------- HUNGARY 2.1%
EUROPE 3.5% POLAND 2.6%
------------------------- ----------- RUSSIA 6.4%
BRITISH POUND 0.1% SWEDEN 4.6%
EURO -22.5% --------------------- -----------
KAZAKHSTAN TENGE 1.0% LATIN AMERICA 19.1%
NORWEGIAN KRONE 1.7% --------------------- -----------
POLAND ZLOTY 6.1% ARGENTINA 2.2%
RUSSIAN RUBLE 6.0% BRAZIL 6.4%
SWEDISH KRONA 8.7% MEXICO 5.1%
SWISS FRANC 2.4% PERU 3.5%
------------------------- ----------- VENEZUELA 1.9%
LATIN AMERICA 26.1% --------------------- -----------
------------------------- ----------- MID-EAST/AFRICA 4.0%
BRAZILIAN REAL 6.4% --------------------- -----------
CHILEAN PESO 6.3% EGYPT 3.0%
MEXICAN PESO 9.9% SOUTH AFRICA 1.0%
PERU NUEVO SOL 3.5% --------------------- -----------
------------------------- ----------- NORTH AMERICA 7.0%
MID-EAST/AFRICA 3.0% --------------------- -----------
------------------------- ----------- CANADA 1.3%
EGYPTIAN POUND 3.0% UNITED STATES 5.7%
------------------------- ----------- --------------------- -----------
NORTH AMERICA 18.8% OTHER 19.2%
------------------------- ----------- --------------------- -----------
US DOLLAR 18.8% SUPRANATIONAL 7.8%
------------------------- ----------- CASH 6.9%
TOTAL 100.0% DERIVATIVES 4.6%
------------------------- ----------- --------------------- -----------
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(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 weightings do not include
the impact of currency forwards within the country weightings. The Fund's
portfolio is actively managed and investment allocations can be expected
to
change.

TEMPLETON RUSSIA AND EAST EUROPEAN FUND, INC.
AS OF MARCH 31, 2009
TOTAL NET ASSETS: $42,952,726
NET ASSET VALUE PER SHARE: $7.48

PERCENT PERCENT
OF TOTAL OF TOTAL
ASSET NET NET
ALLOCATION ASSETS TEN LARGEST POSITIONS ASSETS
------------ -------- --------------------------------------- --------
CASH & OTHER 22.3% MOBILE TELESYSTEMS OJSC 11.1%
EQUITY* 77.7% CHEREPOVETS MK SEVERSTAL 9.0%
-------- LUKOIL HOLDINGS 8.8%
100.0% GAZPROM OAO 7.3%
SBERBANK RF 5.5%
VEROPHARM 4.8%
VIMPEL COMMUNICATIONS 4.7%
EGIS NYRT 3.9%
KERNEL HOLDING SA 3.7%
MECHEL OAO 3.7%
--------
62.7%

PERCENT PERCENT
OF TOTAL OF TOTAL
INTERNATIONAL NET NET
ALLOCATION ASSETS INDUSTRY ALLOCATION ASSETS
------------ -------- ---------------------------------------- --------
EUROPE 96.0% CONSUMER DISCRETIONARY 4.0%
------------ -------- ---------------------------------------- --------
HUNGARY 5.0% MEDIA 4.0%
LUXEMBOURG 4.8% ---------------------------------------- --------
RUSSIA 85.0% CONSUMER STAPLES 5.9%
UKRAINE 1.1% ---------------------------------------- --------
------------ -------- FOOD BEVERAGE & TOBACCO 5.9%
NORTH AMERICA 4.0% ---------------------------------------- --------
------------ -------- ENERGY 25.0%
UNITED STATES 4.0% ---------------------------------------- --------
------------ -------- FINANCIALS 7.1%
TOTAL EQUITY* 100.0% ---------------------------------------- --------
------------ -------- HEALTH CARE 11.3%
---------------------------------------- --------
PHARMACEUTICALS, BIOTECHNOLOGY &
LIFE SCIENCES 11.3%
---------------------------------------- --------
MATERIALS 21.4%
---------------------------------------- --------
TELECOMMUNICATION SERVICES 25.1%
---------------------------------------- --------
UTILITIES 0.2%
---------------------------------------- --------
TOTAL EQUITY* 100.0%
---------------------------------------- --------

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.

* Equity includes convertible and preferred securities.

For more information, please contact Franklin Templeton Investments at
1-800-342-5236.

For more information, please contact
Franklin Templeton Investments
1-800-342-5236

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