January 18, 2013 at 12:14 PM EST
Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL -- (Marketwire) -- 01/18/13 -- 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 December 31, 2012:

  • 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 $781 billion in assets under management as of December 31, 2012. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.


                         TEMPLETON DRAGON FUND, INC.
                           AS OF DECEMBER 31, 2012
                      TOTAL NET ASSETS: $1,174,588,261
                      NET ASSET VALUE PER SHARE: $31.18

                               PERCENT                               PERCENT
                              OF TOTAL                              OF TOTAL
ASSET ALLOCATION                 NET   TEN LARGEST POSITIONS           NET
                               ASSETS                                ASSETS
----------------------------------------------------------------------------
CASH & OTHER                      0.3% DAIRY FARM INTERNATIONAL        17.3%
                                       HOLDINGS LTD
EQUITY*                          99.7% CHINA PETROLEUM & CHEMICAL       9.2%
                                       CORP (SINOPEC)
                              ---------
                                100.0% CNOOC LTD                        7.2%
                                       PETROCHINA CO LTD                6.3%
                                       CHINA MOBILE LTD                 4.5%
                                       TAIWAN SEMICONDUCTOR             4.4%
                                       MANUFACTURING CO LTD
                                       CHINA CONSTRUCTION BANK          3.3%
                                       CHEUNG KONG INFRASTRUCTURE       3.1%
                                       HOLDINGS LTD
                                       CHINA SHENHUA ENERGY CO LTD      2.8%
                                       BANK OF CHINA LTD                2.2%
                                                                    --------
                                                                       60.2%

                               PERCENT                               PERCENT
INTERNATIONAL ALLOCATION      OF TOTAL                              OF TOTAL
                                 NET   INDUSTRY ALLOCATION             NET
                               ASSETS                                ASSETS
----------------------------------------------------------------------------
ASIA                            100.0% CONSUMER DISCRETIONARY           9.1%
----------------------------------------------------------------------------
CAMBODIA                          0.1% AUTOMOBILES & COMPONENTS         6.6%
CHINA                            63.1% CONSUMER DURABLES & APPAREL      0.3%
HONG KONG                        25.7% CONSUMER SERVICES                0.5%
TAIWAN                           11.1% RETAILING                        1.8%
----------------------------------------------------------------------------
TOTAL EQUITY*                   100.0% CONSUMER STAPLES                22.2%
----------------------------------------------------------------------------
                                       FOOD & STAPLES RETAILING        19.3%
                                       FOOD BEVERAGE & TOBACCO          2.9%
                                       -------------------------------------
                                       ENERGY                          28.3%
                                       -------------------------------------
                                       FINANCIALS                      11.4%
                                       -------------------------------------
                                       BANKS                            8.6%
                                       INSURANCE                        0.7%
                                       REAL ESTATE                      2.1%
                                       -------------------------------------
                                       HEALTH CARE                      0.4%
                                       -------------------------------------
                                       PHARMACEUTICALS,
                                       BIOTECHNOLOGY &                  0.4%
                                       LIFE SCIENCES
                                       -------------------------------------
                                       INDUSTRIALS                      5.9%
                                       -------------------------------------
                                       CAPITAL GOODS                    4.6%
                                       TRANSPORTATION                   1.3%
                                       -------------------------------------
                                       INFORMATION TECHNOLOGY           9.9%
                                       -------------------------------------
                                       SEMICONDUCTORS &
                                       SEMICONDUCTOR EQUIPMENT          5.1%
                                       SOFTWARE & SERVICES              0.9%
                                       TECHNOLOGY HARDWARE &            3.9%
                                       EQUIPMENT
                                       -------------------------------------
                                       MATERIALS                        4.5%
                                       -------------------------------------
                                       TELECOMMUNICATION SERVICES       5.2%
                                       -------------------------------------
                                       UTILITIES                        3.1%
                                       -------------------------------------
                                       TOTAL NET ASSETS               100.0%
                                       -------------------------------------

You may request a copy of the Fund's current Report to Shareholders by contacting Franklin Templeton's Fund Information Department at 1-800/DIAL BEN® (1-800-342-5236) or by visiting franklintempleton.com. Since markets can go up and down, 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. This press release contains statistical data regarding the Fund's portfolio. The Fund's complete portfolio holdings are publicly available on a quarterly basis on Form N-Q, as well as in the Fund's Annual and Semi-Annual Reports to Shareholders filed with the U.S. Securities and Exchange Commission. These documents may be found at sec.gov. For portfolio management discussions, including information regarding the Fund's investment strategies, please view the most recent Annual or Semi-Annual Report to Shareholders which can be found at franklintempleton.com or sec.gov.

* Equity includes convertible and preferred securities.


                        TEMPLETON GLOBAL INCOME FUND
                           AS OF DECEMBER 31, 2012
                      TOTAL NET ASSETS: $1,210,352,368
                      NET ASSET VALUE PER SHARE: $9.08

                               PERCENT
                              OF TOTAL
ASSET ALLOCATION                 NET   PORTFOLIO
                               ASSETS  CHARACTERISTICS
----------------------------------------------------------------------------
CASH & OTHER                      8.0% WEIGHTED AVG. MATURITY   4.0032 yrs.
FIXED INCOME                     92.0% WEIGHTED AVG. DURATION   2.6478 yrs.
                              ---------
                                100.0% WEIGHTED AVG. COUPON     5.3870%

                               PERCENT                               PERCENT
                              OF TOTAL                              OF TOTAL
NET CURRENCY DISTRIBUTION        NET   COUNTRY DISTRIBUTION            NET
                               ASSETS                                ASSETS
---------------------------------------                             --------
ASIA                             33.0% ASIA                            32.1%
----------------------------------------------------------------------------
  INDIAN RUPEE                    3.7%   INDONESIA                      4.6%
  INDO RUPIAH                     4.6%   MALAYSIA                       5.0%
  JAPANESE YEN                  -19.0%   PHILIPPINES                    0.4%
  MALAYSI RINGGIT                15.6%   SINGAPORE                      2.2%
  PHILIPPINE PESO                 3.7%   SOUTH KOREA                   16.6%
  SOUTH KOREAN WON               17.6%   SRI LANKA                      2.4%
  SINGAPORE DOLLAR                4.3%   VIETNAM                        0.9%
                                       -------------------------------------
  SRI LANKA RUPEE                 2.4% AUSTRALIA/NEW ZEALAND            4.1%
----------------------------------------------------------------------------
AUSTRALIA/NEW ZEALAND             4.1%   AUSTRALIA                      4.1%
----------------------------------------------------------------------------
  AUSTRALIAN DOLLAR               4.1% EUROPE                          35.2%
----------------------------------------------------------------------------
EUROPE                           -1.6%   HUNGARY                        4.1%
---------------------------------------
  EURO                          -30.2%   ICELAND                        0.3%
  HUNGARY FORINT                  1.0%   IRELAND                        9.0%
  NORWEGIAN KRONE                 1.9%   LITHUANIA                      2.5%
  POLAND ZLOTY                   12.4%   POLAND                        11.6%
  SWEDISH KRONA                  13.2%   RUSSIA                         0.6%
---------------------------------------
LATIN AMERICA                    30.2%   SERBIA                         0.6%
---------------------------------------
  BRAZILIAN REAL                  9.4%   SLOVENIA                       0.3%
  CHILEAN PESO                    7.8%   SWEDEN                         4.7%
  MEXICAN PESO                    8.8%   UKRAINE                        1.6%
                                       -------------------------------------
  PERU NUEVO SOL                  4.1% LATIN AMERICA                   19.2%
----------------------------------------------------------------------------
MID-EAST/AFRICA                   2.7%   BRAZIL                         9.4%
---------------------------------------
  ISRAELI SHEKEL                  2.7%   MEXICO                         5.1%
---------------------------------------
NORTH AMERICA                    31.6%   PERU                           4.1%
---------------------------------------
  US DOLLAR                      31.6%   VENEZUELA                      0.5%
----------------------------------------------------------------------------
TOTAL                           100.0% MID-EAST/AFRICA                  1.7%
----------------------------------------------------------------------------
                                         ISRAEL                         1.7%
                                       -------------------------------------
                                       NORTH AMERICA                   -0.7%
                                       -------------------------------------
                                         UNITED STATES                 -0.7%
                                       -------------------------------------
                                       OTHER                            8.4%
                                       -------------------------------------
                                         SUPRANATIONAL                  2.4%
                                         CASH                           3.8%
                                         DERIVATIVES                    2.2%
                                       -------------------------------------
                                       TOTAL                          100.0%
                                       -------------------------------------

You may request a copy of the Fund's current Report to Shareholders by contacting Franklin Templeton's Fund Information Department at 1-800/DIAL BEN® (1-800-342-5236) or by visiting franklintempleton.com. Since markets can go up and down, 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. This press release contains statistical data regarding the Fund's portfolio. The Fund's complete portfolio holdings are publicly available on a quarterly basis on Form N-Q, as well as in the Fund's Annual and Semi-Annual Reports to Shareholders filed with the U.S. Securities and Exchange Commission. These documents may be found at sec.gov. For portfolio management discussions, including information regarding the Fund's investment strategies, please view the most recent Annual or Semi-Annual Report to Shareholders which can be found at franklintempleton.com or sec.gov.


                TEMPLETON RUSSIA AND EAST EUROPEAN FUND, INC.
                           AS OF DECEMBER 31, 2012
                        TOTAL NET ASSETS: $91,487,986
                      NET ASSET VALUE PER SHARE: $16.04

                               PERCENT                              PERCENT
                              OF TOTAL                              OF TOTAL
ASSET ALLOCATION                 NET   TEN LARGEST POSITIONS           NET
                               ASSETS                                ASSETS
----------------------------------------------------------------------------
CASH & OTHER                      0.2% SBERBANK OF RUSSIA              16.0%
EQUITY*                          99.8% GLOBALTRANS INVESTMENT PLC       9.1%
                              ---------
                                100.0% LUKOIL HOLDINGS                  7.0%
                                       MHP SA                           6.4%
                                       VEROPHARM                        5.6%
                                       PHOSAGRO OAO                     5.2%
                                       GAZPROM                          5.0%
                                       MMC NORILSK NICKEL OJSC          4.8%
                                       CTC MEDIA INC                    4.3%
                                       CHEREPOVETS MK SEVERSTAL         4.2%
                                                                    --------
                                                                       67.4%

                               PERCENT                               PERCENT
                              OF TOTAL                              OF TOTAL
INTERNATIONAL ALLOCATION         NET   INDUSTRY ALLOCATION             NET
                               ASSETS                                ASSETS
----------------------------------------------------------------------------
EUROPE                           99.1% CONSUMER DISCRETIONARY           4.3%
----------------------------------------------------------------------------
GEORGIA                           1.9% MEDIA                            4.3%
                                       -------------------------------------
HUNGARY                           5.0% CONSUMER STAPLES                10.5%
                                       -------------------------------------
KAZAKHSTAN                        5.8% FOOD & STAPLES RETAILING         2.8%
RUSSIA                           78.7% FOOD BEVERAGE & TOBACCO          7.7%
                                       -------------------------------------
UKRAINE                           7.7% ENERGY                          19.0%
----------------------------------------------------------------------------
MID-EAST/AFRICA                   0.9% FINANCIALS                      19.1%
----------------------------------------------------------------------------
TURKMENISTAN                      0.9% BANKS                           19.1%
----------------------------------------------------------------------------
TOTAL EQUITY*                   100.0% HEALTH CARE                      8.3%
----------------------------------------------------------------------------
                                       PHARMACEUTICALS,
                                       BIOTECHNOLOGY &                  8.3%
                                       LIFE SCIENCES
                                       -------------------------------------
                                       INDUSTRIALS                      9.1%
                                       -------------------------------------
                                       TRANSPORTATION                   9.1%
                                       -------------------------------------
                                       MATERIALS                       18.3%
                                       -------------------------------------
                                       TELECOMMUNICATION SERVICES       9.7%
                                       -------------------------------------
                                       UTILITIES                        1.6%
                                       -------------------------------------
                                       TOTAL EQUITY*                  100.0%
                                       -------------------------------------

You may request a copy of the Fund's current Report to Shareholders by contacting Franklin Templeton's Fund Information Department at 1-800/DIAL BEN® (1-800-342-5236) or by visiting franklintempleton.com. Since markets can go up and down, 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. This press release contains statistical data regarding the Fund's portfolio. The Fund's complete portfolio holdings are publicly available on a quarterly basis on Form N-Q, as well as in the Fund's Annual and Semi-Annual Reports to Shareholders filed with the U.S. Securities and Exchange Commission. These documents may be found at sec.gov. For portfolio management discussions, including information regarding the Fund's investment strategies, please view the most recent Annual or Semi-Annual Report to Shareholders which can be found at franklintempleton.com or sec.gov.

* Equity includes convertible and preferred securities.

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

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