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                                              April 4, 2008

Filed via EDGAR (CIK #0001047044)
U.S. Securities and Exchange Commission
100 F. Street, N.E.
Washington, D.C.  20549

Re: Templeton Russia/Eurasia Fund (Registrant)
    File Nos. 333-37257 and 811-08409

Ladies and Gentleman:

     On behalf of the above-referenced Registrant and pursuant to Rule 477 under
the Securities Act of 1933, as amended  (1933 Act), we desire to withdraw and
hereby request that the Commission withdraw, the  Registrant's  Registration
Statement on Form N-2 originally filed with the Commission on October 6, 1997
(the  "Registration  Statement") (Accession  No. 0000943663-97-000249).  The
Registration  Statement  was  originally  filed in connection  with a  proposed
initial public offering of shares of the Registrant.

     The Registrant believes that withdrawal of the Registration Statement would
be consistent with the public interest and the protection of investors  because:
1) the filing was prepared in connection with a proposed initial public offering
of the  Registrant's shares which is no longer  contemplated;  2) no securities
were sold in connection  with the  offering;  and 3) the  filing did not become
effective.

     If you have any questions, please contact the undersigned at (954) 847-2285
or Lori A. Weber at (954) 847-2283.

Sincerely,

/s/ROBERT C. ROSSELOT

Robert C. Rosselot
Senior Associate General Counsel
Franklin Templeton Investments