TRF Templeton Russia And East European Fund, Inc. (delisted)

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, 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 $507 billion in assets under management as of September 30, 2008. For more information, please call 1-800/DIAL BEN� or visit franklintempleton.com. TEMPLETON DRAGON FUND, INC. AS OF SEPTEMBER 30, 2008 TOTAL NET ASSETS: $856,783,141 NET ASSET VALUE PER SHARE: $22.62 � � � ASSET ALLOCATION � PERCENT OF TOTAL NET ASSETS � � � TEN LARGEST POSITIONS � PERCENT OF TOTAL NET ASSETS CASH & OTHER 1.1% DAIRY FARM INTERNATIONAL HOLDINGS LTD 18.9% EQUITY(a) 98.9% CHINA MOBILE LTD 9.7% 100.0% CHINA PETROLEUM & CHEMICAL CORP (SINOPEC) 9.0% PETROCHINA CO LTD 6.7% CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD 5.3% CNOOC LTD 4.8% CHINA CONSTRUCTION BANK 3.9% ASUSTEK COMPUTER INC 3.4% TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 3.2% HOPEWELL HOLDINGS LTD 2.8% 67.7% � INTERNATIONAL ALLOCATION � PERCENT OF TOTAL NET ASSETS � � INDUSTRY ALLOCATION � PERCENT OF TOTAL NET ASSETS ASIA 100.0% CONSUMER DISCRETIONARY 6.9% CAMBODIA 0.4% AUTOMOBILES & COMPONENTS 3.9% CHINA 53.3% CONSUMER DURABLES & APPAREL 0.4% HONG KONG 34.0% CONSUMER SERVICES 0.4% SINGAPORE 0.2% MEDIA 0.2% TAIWAN 12.1% RETAILING 2.1% TOTAL NET ASSETS 100.0% CONSUMER STAPLES 20.0% FOOD & STAPLES RETAILING 19.2% FOOD BEVERAGE & TOBACCO 0.8% ENERGY 23.6% FINANCIALS 13.2% BANKS 8.5% INSURANCE 0.2% REAL ESTATE 4.5% HEALTH CARE 0.1% PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES 0.1% INDUSTRIALS 6.4% CAPITAL GOODS 5.5% TRANSPORTATION 0.9% INFORMATION TECHNOLOGY 9.8% SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 4.2% SOFTWARE & SERVICES 0.4% TECHNOLOGY HARDWARE & EQUIPMENT 5.2% MATERIALS 0.2% TELECOMMUNICATION SERVICES 11.5% UTILITIES 8.1% 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. (a) Equity includes convertible and preferred securities. TEMPLETON GLOBAL INCOME FUND AS OF SEPTEMBER 30, 2008 TOTAL NET ASSETS: $1,137,136,019 NET ASSET VALUE PER SHARE: $8.67 � � ASSET ALLOCATION � PERCENT OF TOTAL NET ASSETS � � PORTFOLIO CHARACTERISTICS � � CASH & OTHER 21.4% WEIGHTED AVG. CREDIT QUALITY A+ FIXED INCOME 78.6% WEIGHTED AVG. MATURITY 6.21 yrs. 100.0% WEIGHTED AVG. DURATION 4.21 yrs. WEIGHTED AVG. COUPON 5.500% � NET CURRENCY DISTRIBUTION � PERCENT OF TOTAL NET ASSETS � � COUNTRY DISTRIBUTION � PERCENT OF TOTAL NET ASSETS ASIA 77.1% ASIA 16.9% CHINESE YUAN 1.7% INDONESIA 6.3% INDIAN RUPEE 3.5% MALAYSIA 1.3% INDO RUPIAH 6.5% PHILIPPINES 0.1% JAPANESE YEN 38.7% SOUTH KOREA 9.3% MALAYSI RINGGIT 14.9% AUSTRALIA/NEW ZEALAND 7.4% SOUTH KOREA WON -0.3% AUSTRALIA 6.3% SINGAPORE DOLLAR 9.5% NEW ZEALAND 1.1% TAIWAN DOLLAR 1.3% EUROPE 26.0% VIETNAM DONG 1.2% AUSTRIA 4.7% AUSTRALIA/NEW ZEALAND 2.7% FRANCE 3.0% AUSTRALIAN DOLLAR 3.0% GERMANY 5.1% N ZEAL DOLLAR -0.3% NORWAY 0.4% EUROPE -26.4% POLAND 3.2% BRITISH POUND -2.4% RUSSIA 0.9% CZECH KORUNA 1.4% SWEDEN 8.7% EURO -70.1% LATIN AMERICA 16.6% KAZAKHSTAN TENGE 4.8% ARGENTINA 2.6% NORWEGIAN KRONE 3.0% BRAZIL 6.4% POLAND ZLOTY 7.7% MEXICO 4.7% ROMANIA LEU-NEW -4.2% PERU 3.0% RUSSIAN RUBLE 7.4% MID-EAST/AFRICA 5.7% SWEDISH KRONA 11.9% EGYPT 5.7% SWISS FRANC 14.0% NORTH AMERICA 2.1% LATIN AMERICA 9.3% CANADA 1.3% BRAZILIAN REAL 6.4% UNITED STATES 0.8% CHILEAN PESO 0.8% OTHER 25.2% MEXICAN PESO -0.9% SUPRANATIONAL 10.7% PERU NUEVO SOL 3.0% CASH 8.3% MID-EAST/AFRICA 5.7% DERIVATIVES 6.2% EGYPTIAN POUND 5.7% TOTAL 100.0% NORTH AMERICA 31.5% US DOLLAR 31.5% 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, 2008 TOTAL NET ASSETS: $189,822,105 NET ASSET VALUE PER SHARE: $34.53 � � ASSET ALLOCATION � PERCENT OF TOTAL NET ASSETS � � TEN LARGEST POSITIONS � PERCENT OFTOTAL NET ASSETS CASH & OTHER 8.9% LUKOIL HOLDINGS 13.3% EQUITY(a) 91.1% SBERBANK RF 12.9% 100.0% MINING AND METALLURGICAL CO NORILSK NICKEL 11.2% CHEREPOVETS MK SEVERSTAL 6.6% GAZPROM OAO 5.7% MOBILE TELESYSTEMS OJSC 5.1% EGIS NYRT 4.6% MECHEL OAO 4.2% OAO TMK 3.9% VOLGATELECOM 3.7% 71.2% � INTERNATIONAL ALLOCATION � PERCENT OF TOTAL NET ASSETS � � INDUSTRY ALLOCATION � PERCENT OF TOTAL NET ASSETS EUROPE 97.4% CONSUMER DISCRETIONARY 2.6% AUSTRIA 1.6% MEDIA 2.6% HUNGARY 5.1% CONSUMER STAPLES 2.8% LUXEMBOURG 1.6% FOOD BEVERAGE & TOBACCO 2.8% NETHERLANDS 0.3% ENERGY 27.5% RUSSIA 87.9% FINANCIALS 14.5% UKRAINE 0.9% BANKS 14.2% NORTH AMERICA 2.6% REAL ESTATE 0.3% UNITED STATES 2.6% HEALTH CARE 7.7% TOTAL EQUITY(a) 100.0% PHARMACEUTICALS BIOTECHNOLOGY & LIFE SCIENCES 7.7% MATERIALS 26.1% TELECOMMUNICATION SERVICES 18.9% UTILITIES 0.1% TOTAL EQUITY(a) 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. (a) Equity includes convertible and preferred securities.