Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwired - Jan 21, 2014) - 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, 2013:

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, Bissett, Fiduciary Trust, Darby, Balanced Equity Management and K2 investment teams. The San Mateo, CA-based company has more than 65 years of investment experience and over $879 billion in assets under management as of December 31, 2013. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.


TEMPLETON DRAGON FUND, INC.
AS OF DECEMBER 31, 2013
TOTAL NET ASSETS: $1,027,445,056
NET ASSET VALUE PER SHARE: $28.46
OUTSTANDING SHARES: 36,100,663

ASSET ALLOCATION	PERCENT OF TOTAL NET ASSETS		TEN LARGEST POSITIONS	PERCENT OF TOTAL NET ASSETS
CASH & OTHER	0.6	%	DAIRY FARM INTERNATIONAL HOLDINGS LTD	16.1	%
EQUITY*	99.4	%	CHINA PETROLEUM & CHEMICAL CORP (SINOPEC)	9.6	%
	100.0	%	CNOOC LTD	6.8	%
			TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	5.4	%
			PETROCHINA CO LTD	5.2	%
			CHINA MOBILE LTD	4.2	%
			CHINA CONSTRUCTION BANK	3.5	%
			GREAT WALL MOTOR COMPANY LTD	2.8	%
			CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD	2.5	%
			DONGFENG MOTOR GROUP CO LTD	2.3	%
				58.3	%

INTERNATIONAL ALLOCATION		PERCENT OF TOTAL NET ASSETS		INDUSTRY ALLOCATION		PERCENT OF TOTAL NET ASSETS
ASIA		100.0	%	CONSUMER DISCRETIONARY		11.9	%
	CHINA	65.5	%		AUTOMOBILES & COMPONENTS	8.8	%
	HONG KONG	24.3	%		CONSUMER DURABLES & APPAREL	0.9	%
	TAIWAN	10.3	%		CONSUMER SERVICES	0.7	%
TOTAL EQUITY*		100.0	%		RETAILING	1.5	%
				CONSUMER STAPLES		20.3	%
					FOOD & STAPLES RETAILING	18.5	%
					FOOD BEVERAGE & TOBACCO	1.8	%
				ENERGY		24.6	%
				FINANCIALS		12.0	%
					BANKS	9.2	%
					INSURANCE	0.8	%
					REAL ESTATE	2.0	%
				HEALTH CARE		0.5	%
					PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES	0.5	%
				INDUSTRIALS		6.2	%
					CAPITAL GOODS	4.2	%
					TRANSPORTATION	2.0	%
				INFORMATION TECHNOLOGY		10.4	%
					SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT	6.9	%
					SOFTWARE & SERVICES	1.6	%
					TECHNOLOGY HARDWARE & EQUIPMENT	1.8	%
				MATERIALS		5.5	%
				TELECOMMUNICATION SERVICES		5.1	%
				UTILITIES		3.6	%
				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, 2013
TOTAL NET ASSETS: $1,134,562,563
NET ASSET VALUE PER SHARE: $8.46
OUTSTANDING SHARES: 134,144,158

ASSET ALLOCATION	PERCENT OF TOTAL NET ASSETS		PORTFOLIO CHARACTERISTICS
CASH & CASH EQUIVALENTS	13.6	%	WEIGHTED AVG. MATURITY	3.5945 yrs.
DERIVATIVES	-0.4	%	WEIGHTED AVG. DURATION	2.3410 yrs.
FIXED INCOME	86.8	%	WEIGHTED AVG. COUPON	5.3059%
	100.0	%

NET CURRENCY DISTRIBUTION		PERCENT OF TOTAL NET ASSETS		COUNTRY DISTRIBUTION		PERCENT OF TOTAL NET ASSETS
ASIA		27.6	%	ASIA		30.9	%
	INDIAN RUPEE	3.5	%		INDONESIA	2.8	%
	INDO RUPIAH	2.8	%		MALAYSIA	4.5	%
	JAPANESE YEN	-20.5	%		PHILIPPINES	1.0	%
	MALAYSI RINGGIT	15.7	%		SINGAPORE	2.2	%
	PHILIPPINE PESO	1.0	%		SOUTH KOREA	16.7	%
	SOUTH KOREAN WON	17.7	%		SRI LANKA	2.9	%
	SINGAPORE DOLLAR	4.4	%		VIETNAM	0.9	%
	SRI LANKA RUPEE	2.9	%	EUROPE		37.8	%
EUROPE		-5.0	%		HUNGARY	4.7	%
	EURO	-32.1	%		ICELAND	0.3	%
	HUNGARY FORINT	1.2	%		IRELAND	10.8	%
	POLAND ZLOTY	13.3	%		LITHUANIA	2.5	%
	SWEDISH KRONA	12.5	%		POLAND	12.4	%
LATIN AMERICA		28.8	%		RUSSIA	0.5	%
	BRAZILIAN REAL	8.1	%		SERBIA	0.6	%
	CHILEAN PESO	7.6	%		SLOVENIA	0.9	%
	MEXICAN PESO	9.5	%		SWEDEN	3.1	%
	PERU NUEVO SOL	3.7	%		UKRAINE	2.1	%
NORTH AMERICA		48.6	%	LATIN AMERICA		16.6	%
	US DOLLAR	48.6	%		BRAZIL	8.1	%
TOTAL		100.0	%		MEXICO	4.8	%
					PERU	3.7	%
				NORTH AMERICA		-0.2	%
					UNITED STATES	-0.2	%
				OTHER		14.8	%
					SUPRANATIONAL	1.3	%
					CASH	13.6	%
					DERIVATIVES	-0.2	%
				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, 2013
TOTAL NET ASSETS: $94,031,942
NET ASSET VALUE PER SHARE: $17.01
OUTSTANDING SHARES: 5,526,944

ASSET ALLOCATION	PERCENT OF TOTAL NET ASSETS		TEN LARGEST POSITIONS	PERCENT OF TOTAL NET ASSETS
CASH & OTHER	5.4	%	SBERBANK OF RUSSIA	16.2	%
EQUITY*	94.6	%	GLOBALTRANS INVESTMENT PLC	8.4	%
	100.0	%	MHP SA	6.9	%
			VEROPHARM	6.1	%
			SOCIETATEA NATIONALA DE GAZE NATURALE ROMGAZ SA	5.5	%
			KCELL JSC	5.2	%
			GAZPROM OAO	5.0	%
			X5 RETAIL GROUP NV	4.8	%
			DIXIE GROUP OJSC	4.4	%
			LUKOIL OAO	3.5	%
				66.0	%

INTERNATIONAL ALLOCATION		PERCENT OF TOTAL NET ASSETS		INDUSTRY ALLOCATION		PERCENT OF TOTAL NET ASSETS
ASIA		9.0	%	CONSUMER DISCRETIONARY		2.6	%
	KAZAKHSTAN	9.0	%		RETAILING	2.6	%
EUROPE		90.1	%	CONSUMER STAPLES		19.3	%
	ESTONIA	1.0	%		FOOD & STAPLES RETAILING	11.7	%
	GEORGIA	2.7	%		FOOD BEVERAGE & TOBACCO	7.6	%
	POLAND	1.4	%	ENERGY		24.3	%
	PORTUGAL	2.0	%	FINANCIALS		24.8	%
	ROMANIA	8.4	%		BANKS	21.9	%
	RUSSIA	65.0	%		REAL ESTATE	2.9	%
	TURKEY	2.0	%	HEALTH CARE		8.2	%
	UKRAINE	7.6	%		HEALTH CARE EQUIPMENT & SERVICES	1.4	%
MID-EAST/AFRICA		1.0	%		PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES	6.8	%
	TURKMENISTAN	1.0	%	INDUSTRIALS		9.7	%
TOTAL EQUITY*		100.0	%		TRANSPORTATION	9.7	%
				MATERIALS		5.6	%
				TELECOMMUNICATION SERVICES		5.5	%
				TOTAL EQUITY*		100.0	%