Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwire - October 21, 2009) - 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 September 30, 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 $523 billion in assets under management as of September 30, 2009. For more information, please call 1-800/DIAL BEN^®or visit franklintempleton.com.

TEMPLETON DRAGON FUND, INC.
AS OF SEPTEMBER 30, 2009
TOTAL NET ASSETS: $1,010,388,894
NET ASSET VALUE PER SHARE: $26.68

ASSET ALLOCATION		PERCENT OF TOTAL NET ASSETS	TEN LARGEST POSITIONS	PERCENT OF TOTAL NET ASSETS
CASH & OTHER		0.8%	DAIRY FARM INTERNATIONAL HOLDINGS LTD	17.8%
EQUITY*		99.2%	CHINA PETROLEUM & CHEMICAL CORP (SINOPEC)	8.2%
		100.0%	CHINA MOBILE LTD	6.1%
			PETROCHINA CO LTD	5.9%
			CNOOC LTD	5.2%
			CHINA CONSTRUCTION BANK	3.5%
			TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	3.3%
			CHINA SHENHUA ENERGY CO LTD	3.2%
			SHANGHAI INDUSTRIAL HOLDINGS LTD	2.9%
			CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD	2.8%
				58.8%

INTERNATIONAL ALLOCATION		PERCENT OF TOTAL NET ASSETS	INDUSTRY ALLOCATION	PERCENT OF TOTAL NET ASSETS
ASIA		99.9%	CONSUMER DISCRETIONARY	9.2%
	CAMBODIA	0.2%	AUTOMOBILES & COMPONENTS	5.7%
	CHINA	60.2%	CONSUMER DURABLES & APPAREL	0.6%
	HONG KONG	27.8%	CONSUMER SERVICES	0.2%
	SINGAPORE	0.1%	MEDIA	0.1%
	TAIWAN	11.6%	RETAILING	2.6%
NORTH AMERICA		0.1%	CONSUMER STAPLES	20.6%
	UNITED STATES	0.1%	FOOD & STAPLES RETAILING	18.1%
TOTAL EQUITY*		100.0%	FOOD BEVERAGE & TOBACCO	2.5%
			ENERGY	24.6%
			FINANCIALS	15.2%
			BANKS	8.9%
			INSURANCE	2.2%
			REAL ESTATE	4.1%
			HEALTH CARE	0.1%
			PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES	0.1%
			INDUSTRIALS	6.3%
			CAPITAL GOODS	4.7%
			TRANSPORTATION	1.6%
			INFORMATION TECHNOLOGY	10.8%
			SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT	4.4%
			SOFTWARE & SERVICES	1.8%
			TECHNOLOGY HARDWARE & EQUIPMENT	4.6%
			MATERIALS	0.5%
			TELECOMMUNICATION SERVICES	7.4%
			UTILITIES	5.3%
			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 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 SEPTEMBER 30, 2009
TOTAL NET ASSETS: $1,200,438,940
NET ASSET VALUE PER SHARE: $9.15

ASSET ALLOCATION		PERCENT OF TOTAL NET ASSETS	PORTFOLIO CHARACTERISTICS
CASH & OTHER		2.7%	WEIGHTED AVG. CREDIT QUALITY	A
FIXED INCOME		97.3%	WEIGHTED AVG. MATURITY	8.61 yrs.
		100.0%	WEIGHTED AVG. DURATION	6.097 yrs.
			WEIGHTED AVG. COUPON	6.840%

NET CURRENCY DISTRIBUTION		PERCENT OF TOTAL NET ASSETS	COUNTRY DISTRIBUTION	PERCENT OF TOTAL NET ASSETS
ASIA		28.5%	ASIA	29.4%
	CHINESE YUAN	7.0%	INDONESIA	10.5%
	INDIAN RUPEE	4.8%	MALAYSIA	0.6%
	INDO RUPIAH	9.4%	PHILIPPINES	0.1%
	JAPANESE YEN	-9.6%	SOUTH KOREA	16.1%
	MALAYSI RINGGIT	14.8%	SRI LANKA	2.1%
	SOUTH KOREA WON	13.7%	AUSTRALIA/NEW ZEALAND	8.8%
	SINGAPORE DOLLAR	-13.9%	AUSTRALIA	7.6%
	SRI LANKA RUPEE	2.1%	NEW ZEALAND	1.2%
	VIETNAM DONG	0.2%	EUROPE	23.8%
AUSTRALIA/NEW ZEALAND		-6.5%	FRANCE	3.1%
	AUSTRALIAN DOLLAR	5.4%	HUNGARY	2.5%
	NEW ZEALAND DOLLAR	-11.9%	POLAND	9.1%
EUROPE		9.5%	RUSSIA	4.7%
	EURO	-14.4%	SWEDEN	4.4%
	KAZAKHSTAN TENGE	0.4%	LATIN AMERICA	20.7%
	NORWEGIAN KRONE	3.6%	ARGENTINA	2.5%
	POLAND ZLOTY	8.3%	BRAZIL	7.8%
	RUSSIAN RUBLE	0.1%	MEXICO	4.7%
	SWEDISH KRONA	11.2%	PERU	3.6%
	SWISS FRANC	0.3%	VENEZUELA	2.2%
LATIN AMERICA		19.0%	MID-EAST/AFRICA	4.8%
	BRAZILIAN REAL	9.0%	QATAR	1.0%
	CHILEAN PESO	5.1%	SOUTH AFRICA	2.8%
	MEXICAN PESO	1.3%	UNITED ARAB EMIRATES	1.0%
	PERU NUEVO SOL	3.6%	NORTH AMERICA	5.6%
MID-EAST/AFRICA		1.6%	CANADA	1.4%
	ISRAELI SHEKEL	1.6%	UNITED STATES	4.2%
NORTH AMERICA		47.8%	OTHER	7.0%
	US DOLLAR	47.8%	SUPRANATIONAL	4.5%
TOTAL		100.0%	CASH	3.8%
			DERIVATIVES	-1.2%
			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 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 SEPTEMBER 30, 2009
TOTAL NET ASSETS: $90,371,910
NET ASSET VALUE PER SHARE: $15.73

ASSET ALLOCATION		PERCENT OF TOTAL NET ASSETS	TEN LARGEST POSITIONS	PERCENT OF TOTAL NET ASSETS
CASH & OTHER		6.4%	CHEREPOVETS MK SEVERSTAL	9.3%
EQUITY*		93.6%	MOBILE TELESYSTEMS OJSC	8.4%
		100.0%	MECHEL OAO	7.6%
			SBERBANK RF	7.6%
			VIMPEL COMMUNICATIONS	6.4%
			GAZPROM OAO	5.5%
			KERNEL HOLDING SA	5.2%
			VEROPHARM	5.1%
			OAO TMK	4.7%
			CTC MEDIA INC	4.2%
				64.1%

INTERNATIONAL ALLOCATION		PERCENT OF TOTAL NET ASSETS	INDUSTRY ALLOCATION	PERCENT OF TOTAL NET ASSETS
EUROPE		95.5%	CONSUMER DISCRETIONARY	4.5%
	HUNGARY	4.3%	MEDIA	4.5%
	KAZAKHSTAN	0.1%	CONSUMER STAPLES	12.5%
	LUXEMBOURG	5.5%	FOOD BEVERAGE & TOBACCO	12.5%
	RUSSIA	82.8%	ENERGY	18.1%
	UKRAINE	2.8%	FINANCIALS	8.1%
NORTH AMERICA		4.5%	BANKS	8.1%
	UNITED STATES	4.5%	HEALTH CARE	9.8%
TOTAL EQUITY*		100.0%	PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES	9.8%
			INDUSTRIALS	4.4%
			TRANSPORTATION	4.4%
			MATERIALS	21.3%
			TELECOMMUNICATION SERVICES	20.5%
			UTILITIES	0.6%
			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® (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
1-800-342-5236

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