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 March 31, 2007: 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 Fund�s investment advisers 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 and Fiduciary Trust investment teams. The San Mateo, CA-based company has more than 50 years of investment experience and $576 billion in assets under management as of March 31, 2007. For more information, please call 1-800/DIAL BEN� (1-800-342-5236) or visit franklintempleton.com. TEMPLETON DRAGON FUND, INC. AS OF MARCH 31, 2007 TOTAL NET ASSETS: $977,652,414 NET ASSET VALUE PER SHARE: $25.81 � � � ASSET ALLOCATION � PERCENT OF TOTALNET ASSETS � � TEN LARGEST POSITIONS � PERCENT OF TOTALNET ASSETS CASH & OTHER 0.8% DAIRY FARM INTERNATIONAL HOLDINGS LTD 13.8% FIXED INCOME 0.0% CHINA MOBILE LTD 9.6% EQUITY1 99.2% CHINA PETROLEUM & CHEMICAL CORP 8.9% 100.0% PETROCHINA CO LTD 5.7% CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD 3.9% HSBC HOLDINGS PLC 3.6% ASUSTEK COMPUTER INC 3.0% CNOOC LTD 2.9% TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 2.8% CHINA RESOURCES ENTERPRISE LTD 2.7% 57.0% � � INTERNATIONAL ALLOCATION � PERCENT OF TOTALNET ASSETS � � INDUSTRY ALLOCATION � PERCENT OF TOTALNET ASSETS ASIA 96.4% CONSUMER DISCRETIONARY 7.2% CHINA 54.1% AUTOMOBILES & COMPONENTS 2.5% HONG KONG 25.2% CONSUMER DURABLES & APPAREL 0.7% SOUTH KOREA 0.7% CONSUMER SERVICES 0.7% TAIWAN 16.2% MEDIA 0.2% VIETNAM 0.3% RETAILING 3.1% EUROPE 3.6% CONSUMER STAPLES 14.1% UNITED KINGDOM 3.6% FOOD & STAPLES RETAILING 13.9% TOTAL NET ASSETS 100.0% FOOD BEVERAGE & TOBACCO 0.2% ENERGY 20.2% FINANCIALS 15.4% BANKS 12.3% INSURANCE 0.4% REAL ESTATE 2.6% HEALTH CARE 0.1% PHARMACEUTICAL BIOTECHNOLOGY & LIFE SCIENCES 0.1% INDUSTRIALS 12.4% CAPITAL GOODS 8.1% TRANSPORTATION 4.3% INFORMATION TECHNOLOGY 11.5% SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 4.3% SOFTWARE & SERVICES 0.5% TECHNOLOGY HARDWARE & EQUIPMENT 6.7% MATERIALS 0.1% TELECOMMUNICATION SERVICES 12.1% UTILITIES 6.9% 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. The Fund's portfolio is actively managed and investment allocations can be expected to change. 1 Equity includes convertible and preferred securities. TEMPLETON GLOBAL INCOME FUND AS OF MARCH 31, 2007 TOTAL NET ASSETS: $1,165,099,255 NET ASSET VALUE PER SHARE: $8.92 � � ASSET ALLOCATION � PERCENT OF TOTALNET ASSETS � PORTFOLIO CHARACTERISTICS � � CASH & OTHER 12.1% WEIGHTED AVG. CREDIT QUALITY A FIXED INCOME 87.9% WEIGHTED AVG. MATURITY 3.85 yrs. EQUITY1 0.0% WEIGHTED AVG. DURATION 2.42 yrs. 100.0% WEIGHTED AVG. COUPON 5.78% � � NET CURRENCY DISTRIBUTION PERCENT OF TOTALNET ASSETS � COUNTRY DISTRIBUTION PERCENT OF TOTALNET ASSETS ASIA 48.8% ASIA 40.9% INDIAN RUPEE 4.3% INDIA 4.3% INDO RUPIAH 8.5% INDONESIA 8.5% JAPANESE YEN 13.6% JAPAN 4.8% MALAYSI RINGGIT 2.4% MALAYSIA 2.4% SOUTH KOREA WON 11.5% PHILIPPINES 0.8% SINGAPORE DOLLAR 1.7% SINGAPORE 1.7% THAILAND BAHT 6.9% SOUTH KOREA 11.5% AUSTRALIA/NEW ZEALAND 3.1% THAILAND 6.9% AUSTRALIAN DLR 3.4% AUSTRALIA/NEW ZEALAND 1.4% N ZEAL DOLLAR -0.4% AUSTRALIA 3.4% EUROPE 29.7% NEW ZEALAND -2.0% EURO 0.2% EUROPE 31.2% ICELAND KRONA 2.6% EURO COMMUNITY -1.1% KAZAKHSTAN TENGE 2.1% GERMANY 4.7% NORWEGIAN KRONE 4.7% ICELAND 0.7% POLAND ZLOTY 8.2% KAZAKHSTAN 2.1% ROMANIA LEU-NEW 0.9% NORWAY 4.7% SLOVAK KORUNA 1.8% POLAND 8.2% SWEDISH KRONA 9.3% ROMANIA 0.9% LATIN AMERICA 9.9% SLOVAK REPUBLIC 1.8% BRAZILIAN REAL 5.1% SWEDEN 9.3% CHILEAN PESO 1.0% LATIN AMERICA 13.9% MEXICAN PESO 0.1% ARGENTINA 4.0% PERU NUEVO SOL 3.7% BRAZIL 5.1% MID-EAST/AFRICA 2.9% CHILE 1.0% EGYPTIAN POUND 2.9% MEXICO 0.1% NORTH AMERICA 5.5% PERU 3.7% CANADIAN DOLLAR 6.1% MID-EAST/AFRICA 4.0% US DOLLAR -0.6% EGYPT 2.9% TOTAL 100.0% IRAQ 1.1% NORTH AMERICA 5.7% CANADA 7.5% UNITED STATES -1.8% OTHER 3.0% SUPRANATIONAL 3.0% 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. The Fund's portfolio is actively managed and investment allocations can be expected to change. 1 Equity includes convertible and preferred securities. TEMPLETON RUSSIA AND EAST EUROPEAN FUND, INC. AS OF MARCH 31, 2007 TOTAL NET ASSETS: $368,845,351 NET ASSET VALUE PER SHARE: $67.48 � � ASSET ALLOCATION � PERCENT OF TOTALNET ASSETS � TEN LARGEST POSITIONS � PERCENT OF TOTALNET ASSETS CASH & OTHER 2.4% UNIFIED ENERGY SYSTEMS 14.0% FIXED INCOME 0.0% SBERBANK RF 13.8% EQUITY1 97.6% LUKOIL HOLDINGS 9.9% 100.0% MINING AND METALLURGICAL CO NORILSK NICKEL 7.9% CHEREPOVETS MK SEVERSTAL 6.2% VOLGATELECOM 6.1% SIBIRTELECOM 5.0% EGIS NYRT 4.1% CHELYABINSK PIPE WORKS 3.4% GAZPROM OAO 3.4% 73.9% � � INTERNATIONAL ALLOCATION � PERCENT OF TOTALNET ASSETS � INDUSTRY ALLOCATION � PERCENT OF TOTALNET ASSETS EUROPE 100.0% CONSUMER STAPLES 0.2% AUSTRIA 1.2% FOOD & STAPLES RETAILING 0.2% HUNGARY 4.2% ENERGY 19.3% POLAND 1.4% FINANCIALS 16.4% RUSSIA 93.2% BANKS 15.3% TOTAL EQUITY1 100.0% REAL ESTATE 1.2% HEALTH CARE 4.8% PHARMACEUTICALS BIOTECHNOLOGY & LIFE SCIENCES 4.8% INDUSTRIALS 0.4% CAPITAL GOODS 0.4% INFORMATION TECHNOLOGY 0.8% TECHNOLOGY HARDWARE & EQUIPMENT 0.8% MATERIALS 21.1% TELECOMMUNICATION SERVICES 22.0% UTILITIES 14.9% TOTAL EQUITY1 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. The Fund's portfolio is actively managed and investment allocations can be expected to change. 1 Equity includes convertible and preferred securities.