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, 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 $591 billion in assets under management as of March 31, 2008. For more information, please call 1-800/DIAL BEN� or visit franklintempleton.com. TEMPLETON DRAGON FUND, INC. AS OF MARCH 31, 2008 TOTAL NET ASSETS: $1,090,994,791 NET ASSET VALUE PER SHARE: $28.81 � � � ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS � � � TEN LARGEST POSITIONS PERCENT OF TOTAL NET ASSETS � CASH & OTHER 1.5% DAIRY FARM INTERNATIONAL HOLDINGS LTD 13.5% EQUITY(a) 98.5% CHINA MOBILE LTD 12.1% 100.0% CHINA PETROLEUM & CHEMICAL CORP (SINOPEC) 7.7% PETROCHINA CO LTD 6.6% CNOOC LTD 5.2% CHINA CONSTRUCTION BANK 4.9% CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD 4.1% ASUSTEK COMPUTER INC 3.6% CITIC PACIFIC LTD 2.6% TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 2.6% 62.9% � INTERNATIONAL ALLOCATION PERCENT OF TOTAL NET ASSETS � � INDUSTRY ALLOCATION PERCENT OF TOTAL NET ASSETS ASIA 100.0% CONSUMER DISCRETIONARY 7.0% CAMBODIA 0.3% AUTOMOBILES & COMPONENTS 3.8% CHINA 57.8% CONSUMER DURABLES & APPAREL 0.7% HONG KONG 27.3% CONSUMER SERVICES 0.3% SINGAPORE 0.2% MEDIA 0.2% TAIWAN 14.3% RETAILING 2.0% TOTAL NET ASSETS 100.0% CONSUMER STAPLES 14.5% FOOD & STAPLES RETAILING 13.8% FOOD BEVERAGE & TOBACCO 0.8% ENERGY 23.4% FINANCIALS 11.1% BANKS 9.2% INSURANCE 0.2% REAL ESTATE 1.7% HEALTH CARE 0.1% PHARMACEUTICALS BIOTECHNOLOGY & LIFE SCIENCES 0.1% INDUSTRIALS 10.2% CAPITAL GOODS 7.2% TRANSPORTATION 3.0% INFORMATION TECHNOLOGY 11.8% SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 4.7% SOFTWARE & SERVICES 0.4% TECHNOLOGY HARDWARE & EQUIPMENT 6.8% MATERIALS 0.1% TELECOMMUNICATION SERVICES 15.4% UTILITIES 6.4% 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 MARCH 31, 2008 TOTAL NET ASSETS: $1,227,567,058 NET ASSET VALUE PER SHARE: $9.37 � � ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS � � PORTFOLIO CHARACTERISTICS � CASH & OTHER 9.7 % WEIGHTED AVG. CREDIT QUALITY A+ FIXED INCOME 90.3 % WEIGHTED AVG. MATURITY 5.95 yrs. 100.0 % WEIGHTED AVG. DURATION 3.24 yrs. WEIGHTED AVG. COUPON 5.333 % � NET CURRENCY DISTRIBUTION PERCENT OF TOTAL NET ASSETS � � COUNTRY DISTRIBUTION PERCENT OF TOTAL NET ASSETS ASIA 58.4 % ASIA 50.9 % INDIAN RUPEE 3.8 % INDIA 3.8 % INDO RUPIAH 5.5 % INDONESIA 5.5 % JAPANESE YEN 34.9 % JAPAN 27.3 % MALAYSI RINGGIT 12.0 % MALAYSIA 12.0 % SOUTH KOREA WON 0.4 % PHILIPPINES 0.1 % SINGAPORE DOLLAR 1.7 % SINGAPORE 1.7 % AUSTRALIA/NEW ZEALAND 2.8 % SOUTH KOREA 0.4 % AUSTRALIAN DLR 3.1 % AUSTRALIA/NEW ZEALAND 1.1 % N ZEAL DOLLAR -0.3 % AUSTRALIA 3.1 % EUROPE 7.7 % NEW ZEALAND -2.0 % CZECH KRONA 1.4 % EUROPE 6.7 % EURO -35.7 % AUSTRIA 4.9 % KAZAKHSTAN TENGE 4.8 % CZECH REPUBLIC 1.4 % NORWEGIAN KRONE 6.9 % EURO COMMUNITY -38.8 % POLAND ZLOTY 7.7 % FRANCE 3.0 % ROMANIA LEU-NEW -4.2 % GERMANY 5.4 % SWEDISH KRONA 12.9 % KAZAKHSTAN 4.8 % SWISS FRANC 13.9 % NORWAY 5.1 % LATIN AMERICA 12.5 % POLAND 3.2 % BRAZILIAN REAL 6.6 % ROMANIA -4.2 % CHILEAN PESO 2.4 % SWEDEN 12.9 % MEXICAN PESO 0.1 % SWITZERLAND 9.0 % PERU NUEVO SOL 3.5 % LATIN AMERICA 13.3 % MID-EAST/AFRICA 4.9 % ARGENTINA 2.2 % EGYPTIAN POUND 4.9 % BRAZIL 6.6 % NORTH AMERICA 13.8 % CHILE 2.4 % US DOLLAR 13.8 % MEXICO -1.3 % TOTAL 100.0 % PERU 3.5 % MID-EAST/AFRICA 4.9 % EGYPT 4.9 % NORTH AMERICA 13.0 % CANADA 1.4 % UNITED STATES 11.6 % OTHER 10.2 % SUPRANATIONAL 10.2 % 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 Fund's portfolio is actively managed and investment allocations can be expected to change. TEMPLETON RUSSIA AND EAST EUROPEAN FUND, INC. AS OF MARCH 31, 2008 TOTAL NET ASSETS: $331,856,956 NET ASSET VALUE PER SHARE: $60.37 � � ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS � � TEN LARGEST POSITIONS PERCENT OF TOTAL NET ASSETS CASH & OTHER 12.1 % MINING AND METALLURGICAL CO NORILSK NICKEL 13.5 % EQUITY(a) 87.9 % SBERBANK RF 13.4 % 100.0 % CHEREPOVETS MK SEVERSTAL 11.3 % LUKOIL HOLDINGS 10.9 % VOLGATELECOM 6.8 % GAZPROM OAO 5.2 % EGIS NYRT 4.3 % SIBIRTELECOM 4.3 % SOUTHERN TELECOMMUNCATIONS COMPANY 3.2 % OAO TMK 3.0 % 75.9 % � INTERNATIONAL ALLOCATION PERCENT OF TOTAL NET ASSETS � � INDUSTRY ALLOCATION PERCENT OF TOTAL NET ASSETS EUROPE 100.0 % CONSUMER STAPLES 2.3 % AUSTRIA 0.8 % FOOD BEVERAGE & TOBACCO 2.3 % HUNGARY 4.9 % ENERGY 23.1 % KAZAKHSTAN 0.3 % FINANCIALS 18.0 % LUXEMBOURG 2.0 % BANKS 15.3 % NETHERLANDS 1.0 % DIVERSIFIED FINANCIALS 0.3 % RUSSIA 91.0 % REAL ESTATE 2.4 % TOTAL EQUITY(a) 100.0 % HEALTH CARE 6.0 % PHARMACEUTICALS BIOTECHNOLOGY & LIFE SCIENCES 6.0 % INDUSTRIALS 0.5 % CAPITAL GOODS 0.5 % MATERIALS 32.4 % TELECOMMUNICATION SERVICES 17.4 % UTILITIES 0.3 % 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.