Registration No. 033-42163 and 811-06378
As filed with the Securities and Exchange Commission on May 8, 2017
SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
	Pre-Effective Amendment No.
	Post-Effective Amendment No.		38	[X]
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940				[ ]
	Amendment No.		40	[X]
TEMPLETON DEVELOPING MARKETS TRUST
(Exact Name of Registrant as Specified in Charter)
300 S.E. 2nd STREET, FORT LAUDERDALE, FL 33301-1923
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code (954) 527-7500
CRAIG S. TYLE, ONE FRANKLIN PARKWAY, SAN MATEO, CA 94403-1906
(Name and Address of Agent for Service of Process)
It is proposed that this filing will become effective (check appropriate box):
[X]		immediately upon filing pursuant to paragraph (b) of Rule 485
[ ]		On (date) pursuant to paragraph (b) of Rule 485
[ ]		60 days after filing pursuant to paragraph (a)(1) of Rule 485
[ ]		on (date) pursuant to paragraph (a)(1) of Rule 485
[ ]		75 days after filing pursuant to paragraph (a)(2) of Rule 485
[ ]		on (date) pursuant to paragraph (a)(2) of Rule 485
If appropriate, check the following box:
[ ]		this post-effective amendment designates a new effective date for a previously filed post-effective amendment

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933, and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Fort Lauderdale and the State of Florida, on the 5th day of May, 2017.

TEMPLETON DEVELOPING MARKETS TRUST

By: /s/LORI A WEBER

Lori A. Weber

Vice President and Secretary

Pursuant to the requirements of the Securities Act of 1933, this Registration Amendment has been signed below by the following persons in the capacities and on the dates indicated:

MARK MOBIUS*	President & Chief Executive Officer –
Mark Mobius	Investment Management
	Dated: May 5, 2017
LAURA F. FERGERSON*	Chief Executive Officer –
Laura F. Fergerson	Finance and Administration
	Dated: May 5, 2017
MARK H. OTANI*	Chief Financial Officer and
Mark H. Otani	Chief Accounting Officer
	Dated: May 5, 2017
HARRIS J. ASHTON*	Trustee
Harris J. Ashton	Dated: May 5, 2017
ANN TORRE BATES*	Trustee
Ann Torre Bates	Dated: May 5, 2017
MARY C. CHOKSI*	Trustee
Mary C. Choksi	Dated: May 5, 2017
EDITH E. HOLIDAY*	Trustee
Edith E. Holiday	Dated: May 5, 2017
GREGORY E. JOHNSON*	Trustee
Gregory E. Johnson	Dated: May 5, 2017
RUPERT H. JOHNSON, JR.*	Trustee
Rupert H. Johnson, Jr.	Dated: May 5, 2017
J. MICHAEL LUTTIG*	Trustee
J. Michael Luttig	Dated: May 5, 2017
DAVID W. NIEMIEC*	Trustee
David W. Niemiec	Dated: May 5, 2017
CONSTANTINE D. TSERETOPOULOS*	Trustee
Constantine D. Tseretopoulos	Dated: May 5, 2017
LARRY D. THOMPSON*	Trustee
Larry D. Thompson	Dated: May 5, 2017
ROBERT E. WADE*	Trustee
Robert E. Wade	Dated: May 5, 2017

*By   /s/LORI A. WEBER

Lori A. Weber, Attorney-in-Fact

(Pursuant to Power of Attorney previously filed)

EXHIBIT INDEX

Index No.	Description of Exhibit
EX-101.INS	XBRL Instance Document
EX-101.SCH	XBRL Taxonomy Extension Schema Document
EX-101.DEF	XBRL Taxonomy Extension Definition Linkbase
EX-101.LAB	XBRL Taxonomy Extension Labels Linkbase
EX-101.PRE	XBRL Taxonomy Extension Presentation Linkbase