Templeton Releases Closed-End Funds' Portfolio Allocation Updates.FORT LAUDERDALE, Fla. -- The Templeton closed-end Funds referenced below, which trade on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , today released portfolio allocation updates containing the following information as of December 31, 2006: * Asset Allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. * 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 NYSE See: New York Stock Exchange :TDF (language) TDF - An intermediate language, a close relative of ANDF. A TDF program is an ASCII stream describing an abstract syntax tree. TDF became part of TenDRA in abut 2001. ) Templeton Global Income Fund (NYSE:GIM a. 1. Neat; spruce. ) Templeton Russia and East European Fund, Inc. (NYSE:TRF TRF thyrotropin releasing factor. ) The Fund's investment advisers are subsidiaries of Franklin Resources, Inc. (NYSE:BEN), a global investment management organization operating as Franklin Templeton Investments Franklin Resources Inc. NYSE: BEN is an investment firm originally founded in New York in 1947 as Franklin Distributors, Inc. It is listed on the NYSE under the ticker BEN as in Benjamin Franklin, whom founder Charlie Johnson admired. . 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 over $552 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. as of December 31, 2006. For more information, please call 1-800/DIAL BEN([R]) (1-800-342-5236) or visit franklintempleton.com. [TABLE OMITTED] [TABLE OMITTED] You may request a copy of the Fund's current Report to Shareholders by contacting Fund Information at 1-800-DIAL-BEN[R] (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 Industry allocation Investment of certain proportions of a portfolio in certain industries. Sometimes called sector 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. (a) Equity includes convertible and preferred securities. [TABLE OMITTED] [TABLE OMITTED] You may request a copy of the Fund's current Report to Shareholders by contacting Fund Information at 1-800/DIAL BEN[R] (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. (a) Equity includes convertible and preferred securities. [TABLE OMITTED] [TABLE OMITTED] You may request a copy of the Fund's current Report to Shareholders by contacting Fund Information at 1-800-DIAL BEN[R] (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. (a) The negative percentage of total net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. is due to a year-end distribution comprised of net investment income of $0.9445 per share, long-term capital gains distribution of $7.5995 per share and short-term capital gains distribution of $0.3049, payable on January 16, 2007 (Ex-Dividend Date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. : December 27, 2006). The Fund subsequently liquidated securities to cover the distribution amount. (b) Equity includes convertible and preferred securities. |
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