<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/ncen" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0505</schemaVersion>
  <headerData>
    <submissionType>N-CEN</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0000919893</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
        <fileNumber>811-08394</fileNumber>
      </filer>
      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-2</investmentCompanyType>
    </filerInfo>
  </headerData>
  <formData>
    <generalInfo reportEndingPeriod="2025-12-31" isReportPeriodLt12="N"/>
    <registrantInfo>
      <registrantFullName>TEMPLETON DRAGON FUND INC</registrantFullName>
      <investmentCompFileNo>811-08394</investmentCompFileNo>
      <registrantCik>0000919893</registrantCik>
      <registrantLei>549300L5KGV2K28LYW59</registrantLei>
      <registrantstreet1>300 S.E. 2ND STREET</registrantstreet1>
      <registrantcity>FORT LAUDERDALE</registrantcity>
      <registrantzipCode>33301-1923</registrantzipCode>
      <registrantstate>US-FL</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>954-527-7500</registrantphoneNumber>
      <websites>
        <website webpage="franklintempleton.com"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>Computershare Trust Company, N.A.</officeName>
          <officeAddress1>150 Royall Street, Suite 101</officeAddress1>
          <officeCity>Canton</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-MA"/>
          <officeRecordsZipCode>2021</officeRecordsZipCode>
          <officePhone>888-888-0151</officePhone>
          <booksRecordsDesc>Records related to its functions as Transfer agent</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Franklin Templeton Services, LLC</officeName>
          <officeAddress1>One Franklin Parkway</officeAddress1>
          <officeCity>San Mateo</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-CA"/>
          <officeRecordsZipCode>94403-1906</officeRecordsZipCode>
          <officePhone>650-312-2000</officePhone>
          <booksRecordsDesc>Records related to its functions as Administrative manager</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>JPMorgan Chase Bank, N.A.</officeName>
          <officeAddress1>390 Madison Avenue</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-NY"/>
          <officeRecordsZipCode>10017</officeRecordsZipCode>
          <officePhone>212-464-1909</officePhone>
          <booksRecordsDesc>Records related to its functions as Custodian</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>JPMorgan Chase Bank, N.A.</officeName>
          <officeAddress1>380 Madison Avenue</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-NY"/>
          <officeRecordsZipCode>10017</officeRecordsZipCode>
          <officePhone>212-270-6000</officePhone>
          <booksRecordsDesc>Records relating to its functions as Sub-Administrator and Fund Accounting Agent</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Templeton Asset Management Ltd.</officeName>
          <officeAddress1>7 Temasek Boulevard</officeAddress1>
          <officeAddress2>#38-03 Suntec Tower One</officeAddress2>
          <officeCity>Singapore</officeCity>
          <officeCountry>SG</officeCountry>
          <officeRecordsZipCode>038987</officeRecordsZipCode>
          <officePhone>656-241-0777</officePhone>
          <booksRecordsDesc>Records related to its functions as Investment manager</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Templeton Investment Counsel, LLC</officeName>
          <officeAddress1>300 S.E. 2nd Street</officeAddress1>
          <officeCity>Fort Lauderdale</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-FL"/>
          <officeRecordsZipCode>33301-1923</officeRecordsZipCode>
          <officePhone>954-527-7500</officePhone>
          <booksRecordsDesc>Records related to its functions as Investment manager</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>N</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <registrantFamilyInvComp isRegistrantFamilyInvComp="Y" familyInvCompFullName="Franklin Templeton Group of Funds"/>
      <registrantClassificationType>N-2</registrantClassificationType>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName>Ann Torre Bates</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02781"/>
            <fileNumberInfo fileNumber="811-03143"/>
            <fileNumberInfo fileNumber="811-04450"/>
            <fileNumberInfo fileNumber="811-04706"/>
            <fileNumberInfo fileNumber="811-04892"/>
            <fileNumberInfo fileNumber="811-04985"/>
            <fileNumberInfo fileNumber="811-05387"/>
            <fileNumberInfo fileNumber="811-05459"/>
            <fileNumberInfo fileNumber="811-05878"/>
            <fileNumberInfo fileNumber="811-06135"/>
            <fileNumberInfo fileNumber="811-06378"/>
            <fileNumberInfo fileNumber="811-07866"/>
            <fileNumberInfo fileNumber="811-07876"/>
            <fileNumberInfo fileNumber="811-08226"/>
            <fileNumberInfo fileNumber="811-08394"/>
            <fileNumberInfo fileNumber="811-22641"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Constantine D. Tseretopoulos</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02781"/>
            <fileNumberInfo fileNumber="811-03143"/>
            <fileNumberInfo fileNumber="811-04450"/>
            <fileNumberInfo fileNumber="811-04706"/>
            <fileNumberInfo fileNumber="811-04892"/>
            <fileNumberInfo fileNumber="811-04985"/>
            <fileNumberInfo fileNumber="811-05459"/>
            <fileNumberInfo fileNumber="811-06135"/>
            <fileNumberInfo fileNumber="811-06378"/>
            <fileNumberInfo fileNumber="811-07866"/>
            <fileNumberInfo fileNumber="811-07876"/>
            <fileNumberInfo fileNumber="811-08226"/>
            <fileNumberInfo fileNumber="811-08394"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>David W. Niemiec</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02781"/>
            <fileNumberInfo fileNumber="811-03143"/>
            <fileNumberInfo fileNumber="811-04450"/>
            <fileNumberInfo fileNumber="811-04706"/>
            <fileNumberInfo fileNumber="811-04892"/>
            <fileNumberInfo fileNumber="811-04985"/>
            <fileNumberInfo fileNumber="811-05387"/>
            <fileNumberInfo fileNumber="811-05459"/>
            <fileNumberInfo fileNumber="811-05878"/>
            <fileNumberInfo fileNumber="811-06135"/>
            <fileNumberInfo fileNumber="811-06378"/>
            <fileNumberInfo fileNumber="811-07866"/>
            <fileNumberInfo fileNumber="811-07876"/>
            <fileNumberInfo fileNumber="811-08226"/>
            <fileNumberInfo fileNumber="811-08394"/>
            <fileNumberInfo fileNumber="811-22641"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Edith E. Holiday</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00537"/>
            <fileNumberInfo fileNumber="811-01608"/>
            <fileNumberInfo fileNumber="811-01700"/>
            <fileNumberInfo fileNumber="811-02605"/>
            <fileNumberInfo fileNumber="811-02781"/>
            <fileNumberInfo fileNumber="811-02790"/>
            <fileNumberInfo fileNumber="811-03143"/>
            <fileNumberInfo fileNumber="811-03395"/>
            <fileNumberInfo fileNumber="811-03479"/>
            <fileNumberInfo fileNumber="811-04149"/>
            <fileNumberInfo fileNumber="811-04267"/>
            <fileNumberInfo fileNumber="811-04356"/>
            <fileNumberInfo fileNumber="811-04450"/>
            <fileNumberInfo fileNumber="811-04706"/>
            <fileNumberInfo fileNumber="811-04787"/>
            <fileNumberInfo fileNumber="811-04892"/>
            <fileNumberInfo fileNumber="811-04894"/>
            <fileNumberInfo fileNumber="811-04985"/>
            <fileNumberInfo fileNumber="811-04986"/>
            <fileNumberInfo fileNumber="811-05459"/>
            <fileNumberInfo fileNumber="811-05569"/>
            <fileNumberInfo fileNumber="811-05583"/>
            <fileNumberInfo fileNumber="811-06135"/>
            <fileNumberInfo fileNumber="811-06243"/>
            <fileNumberInfo fileNumber="811-06336"/>
            <fileNumberInfo fileNumber="811-06378"/>
            <fileNumberInfo fileNumber="811-06481"/>
            <fileNumberInfo fileNumber="811-07038"/>
            <fileNumberInfo fileNumber="811-07288"/>
            <fileNumberInfo fileNumber="811-07851"/>
            <fileNumberInfo fileNumber="811-07866"/>
            <fileNumberInfo fileNumber="811-07876"/>
            <fileNumberInfo fileNumber="811-08034"/>
            <fileNumberInfo fileNumber="811-08226"/>
            <fileNumberInfo fileNumber="811-08394"/>
            <fileNumberInfo fileNumber="811-08962"/>
            <fileNumberInfo fileNumber="811-09869"/>
            <fileNumberInfo fileNumber="811-10157"/>
            <fileNumberInfo fileNumber="811-21357"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Gregory E. Johnson</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00537"/>
            <fileNumberInfo fileNumber="811-01608"/>
            <fileNumberInfo fileNumber="811-01700"/>
            <fileNumberInfo fileNumber="811-02605"/>
            <fileNumberInfo fileNumber="811-02781"/>
            <fileNumberInfo fileNumber="811-02790"/>
            <fileNumberInfo fileNumber="811-03143"/>
            <fileNumberInfo fileNumber="811-03395"/>
            <fileNumberInfo fileNumber="811-03479"/>
            <fileNumberInfo fileNumber="811-04149"/>
            <fileNumberInfo fileNumber="811-04267"/>
            <fileNumberInfo fileNumber="811-04356"/>
            <fileNumberInfo fileNumber="811-04450"/>
            <fileNumberInfo fileNumber="811-04706"/>
            <fileNumberInfo fileNumber="811-04784"/>
            <fileNumberInfo fileNumber="811-04892"/>
            <fileNumberInfo fileNumber="811-04894"/>
            <fileNumberInfo fileNumber="811-04985"/>
            <fileNumberInfo fileNumber="811-04986"/>
            <fileNumberInfo fileNumber="811-05387"/>
            <fileNumberInfo fileNumber="811-05459"/>
            <fileNumberInfo fileNumber="811-05569"/>
            <fileNumberInfo fileNumber="811-05583"/>
            <fileNumberInfo fileNumber="811-05878"/>
            <fileNumberInfo fileNumber="811-06135"/>
            <fileNumberInfo fileNumber="811-06243"/>
            <fileNumberInfo fileNumber="811-06336"/>
            <fileNumberInfo fileNumber="811-06378"/>
            <fileNumberInfo fileNumber="811-06481"/>
            <fileNumberInfo fileNumber="811-07038"/>
            <fileNumberInfo fileNumber="811-07288"/>
            <fileNumberInfo fileNumber="811-07851"/>
            <fileNumberInfo fileNumber="811-07866"/>
            <fileNumberInfo fileNumber="811-07876"/>
            <fileNumberInfo fileNumber="811-08034"/>
            <fileNumberInfo fileNumber="811-08226"/>
            <fileNumberInfo fileNumber="811-08394"/>
            <fileNumberInfo fileNumber="811-08962"/>
            <fileNumberInfo fileNumber="811-09869"/>
            <fileNumberInfo fileNumber="811-10157"/>
            <fileNumberInfo fileNumber="811-21357"/>
            <fileNumberInfo fileNumber="811-22641"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Harris J. Ashton</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00537"/>
            <fileNumberInfo fileNumber="811-01608"/>
            <fileNumberInfo fileNumber="811-01700"/>
            <fileNumberInfo fileNumber="811-02605"/>
            <fileNumberInfo fileNumber="811-02781"/>
            <fileNumberInfo fileNumber="811-02790"/>
            <fileNumberInfo fileNumber="811-03143"/>
            <fileNumberInfo fileNumber="811-03395"/>
            <fileNumberInfo fileNumber="811-03479"/>
            <fileNumberInfo fileNumber="811-04149"/>
            <fileNumberInfo fileNumber="811-04267"/>
            <fileNumberInfo fileNumber="811-04356"/>
            <fileNumberInfo fileNumber="811-04450"/>
            <fileNumberInfo fileNumber="811-04706"/>
            <fileNumberInfo fileNumber="811-04787"/>
            <fileNumberInfo fileNumber="811-04892"/>
            <fileNumberInfo fileNumber="811-04894"/>
            <fileNumberInfo fileNumber="811-04985"/>
            <fileNumberInfo fileNumber="811-04986"/>
            <fileNumberInfo fileNumber="811-05459"/>
            <fileNumberInfo fileNumber="811-05569"/>
            <fileNumberInfo fileNumber="811-05583"/>
            <fileNumberInfo fileNumber="811-06135"/>
            <fileNumberInfo fileNumber="811-06243"/>
            <fileNumberInfo fileNumber="811-06336"/>
            <fileNumberInfo fileNumber="811-06378"/>
            <fileNumberInfo fileNumber="811-06481"/>
            <fileNumberInfo fileNumber="811-07038"/>
            <fileNumberInfo fileNumber="811-07288"/>
            <fileNumberInfo fileNumber="811-07851"/>
            <fileNumberInfo fileNumber="811-07866"/>
            <fileNumberInfo fileNumber="811-07876"/>
            <fileNumberInfo fileNumber="811-08034"/>
            <fileNumberInfo fileNumber="811-08226"/>
            <fileNumberInfo fileNumber="811-08394"/>
            <fileNumberInfo fileNumber="811-08962"/>
            <fileNumberInfo fileNumber="811-09869"/>
            <fileNumberInfo fileNumber="811-10157"/>
            <fileNumberInfo fileNumber="811-21357"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>J. Michael Luttig</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00537"/>
            <fileNumberInfo fileNumber="811-01608"/>
            <fileNumberInfo fileNumber="811-01700"/>
            <fileNumberInfo fileNumber="811-02605"/>
            <fileNumberInfo fileNumber="811-02781"/>
            <fileNumberInfo fileNumber="811-02790"/>
            <fileNumberInfo fileNumber="811-03143"/>
            <fileNumberInfo fileNumber="811-03395"/>
            <fileNumberInfo fileNumber="811-03479"/>
            <fileNumberInfo fileNumber="811-04149"/>
            <fileNumberInfo fileNumber="811-04267"/>
            <fileNumberInfo fileNumber="811-04356"/>
            <fileNumberInfo fileNumber="811-04450"/>
            <fileNumberInfo fileNumber="811-04706"/>
            <fileNumberInfo fileNumber="811-04787"/>
            <fileNumberInfo fileNumber="811-04892"/>
            <fileNumberInfo fileNumber="811-04894"/>
            <fileNumberInfo fileNumber="811-04985"/>
            <fileNumberInfo fileNumber="811-04986"/>
            <fileNumberInfo fileNumber="811-05459"/>
            <fileNumberInfo fileNumber="811-05569"/>
            <fileNumberInfo fileNumber="811-05583"/>
            <fileNumberInfo fileNumber="811-06135"/>
            <fileNumberInfo fileNumber="811-06243"/>
            <fileNumberInfo fileNumber="811-06336"/>
            <fileNumberInfo fileNumber="811-06378"/>
            <fileNumberInfo fileNumber="811-06481"/>
            <fileNumberInfo fileNumber="811-07038"/>
            <fileNumberInfo fileNumber="811-07288"/>
            <fileNumberInfo fileNumber="811-07851"/>
            <fileNumberInfo fileNumber="811-07866"/>
            <fileNumberInfo fileNumber="811-07876"/>
            <fileNumberInfo fileNumber="811-08034"/>
            <fileNumberInfo fileNumber="811-08226"/>
            <fileNumberInfo fileNumber="811-08394"/>
            <fileNumberInfo fileNumber="811-08962"/>
            <fileNumberInfo fileNumber="811-09869"/>
            <fileNumberInfo fileNumber="811-10157"/>
            <fileNumberInfo fileNumber="811-21357"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Larry D. Thompson</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00537"/>
            <fileNumberInfo fileNumber="811-01608"/>
            <fileNumberInfo fileNumber="811-01700"/>
            <fileNumberInfo fileNumber="811-02605"/>
            <fileNumberInfo fileNumber="811-02781"/>
            <fileNumberInfo fileNumber="811-02790"/>
            <fileNumberInfo fileNumber="811-03143"/>
            <fileNumberInfo fileNumber="811-03395"/>
            <fileNumberInfo fileNumber="811-03479"/>
            <fileNumberInfo fileNumber="811-04149"/>
            <fileNumberInfo fileNumber="811-04267"/>
            <fileNumberInfo fileNumber="811-04356"/>
            <fileNumberInfo fileNumber="811-04450"/>
            <fileNumberInfo fileNumber="811-04706"/>
            <fileNumberInfo fileNumber="811-04787"/>
            <fileNumberInfo fileNumber="811-04892"/>
            <fileNumberInfo fileNumber="811-04894"/>
            <fileNumberInfo fileNumber="811-04985"/>
            <fileNumberInfo fileNumber="811-04986"/>
            <fileNumberInfo fileNumber="811-05459"/>
            <fileNumberInfo fileNumber="811-05569"/>
            <fileNumberInfo fileNumber="811-05583"/>
            <fileNumberInfo fileNumber="811-06135"/>
            <fileNumberInfo fileNumber="811-06243"/>
            <fileNumberInfo fileNumber="811-06336"/>
            <fileNumberInfo fileNumber="811-06378"/>
            <fileNumberInfo fileNumber="811-06481"/>
            <fileNumberInfo fileNumber="811-07038"/>
            <fileNumberInfo fileNumber="811-07288"/>
            <fileNumberInfo fileNumber="811-07851"/>
            <fileNumberInfo fileNumber="811-07866"/>
            <fileNumberInfo fileNumber="811-07876"/>
            <fileNumberInfo fileNumber="811-08034"/>
            <fileNumberInfo fileNumber="811-08226"/>
            <fileNumberInfo fileNumber="811-08394"/>
            <fileNumberInfo fileNumber="811-08962"/>
            <fileNumberInfo fileNumber="811-09869"/>
            <fileNumberInfo fileNumber="811-10157"/>
            <fileNumberInfo fileNumber="811-21357"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Mary C. Choksi</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00537"/>
            <fileNumberInfo fileNumber="811-01608"/>
            <fileNumberInfo fileNumber="811-01700"/>
            <fileNumberInfo fileNumber="811-02605"/>
            <fileNumberInfo fileNumber="811-02781"/>
            <fileNumberInfo fileNumber="811-02790"/>
            <fileNumberInfo fileNumber="811-03143"/>
            <fileNumberInfo fileNumber="811-03395"/>
            <fileNumberInfo fileNumber="811-03479"/>
            <fileNumberInfo fileNumber="811-04149"/>
            <fileNumberInfo fileNumber="811-04267"/>
            <fileNumberInfo fileNumber="811-04356"/>
            <fileNumberInfo fileNumber="811-04450"/>
            <fileNumberInfo fileNumber="811-04706"/>
            <fileNumberInfo fileNumber="811-04787"/>
            <fileNumberInfo fileNumber="811-04892"/>
            <fileNumberInfo fileNumber="811-04894"/>
            <fileNumberInfo fileNumber="811-04985"/>
            <fileNumberInfo fileNumber="811-04986"/>
            <fileNumberInfo fileNumber="811-05459"/>
            <fileNumberInfo fileNumber="811-05569"/>
            <fileNumberInfo fileNumber="811-05583"/>
            <fileNumberInfo fileNumber="811-06135"/>
            <fileNumberInfo fileNumber="811-06243"/>
            <fileNumberInfo fileNumber="811-06336"/>
            <fileNumberInfo fileNumber="811-06378"/>
            <fileNumberInfo fileNumber="811-06481"/>
            <fileNumberInfo fileNumber="811-07038"/>
            <fileNumberInfo fileNumber="811-07288"/>
            <fileNumberInfo fileNumber="811-07851"/>
            <fileNumberInfo fileNumber="811-07866"/>
            <fileNumberInfo fileNumber="811-07876"/>
            <fileNumberInfo fileNumber="811-08034"/>
            <fileNumberInfo fileNumber="811-08226"/>
            <fileNumberInfo fileNumber="811-08394"/>
            <fileNumberInfo fileNumber="811-08962"/>
            <fileNumberInfo fileNumber="811-09869"/>
            <fileNumberInfo fileNumber="811-10157"/>
            <fileNumberInfo fileNumber="811-21357"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Rupert H. Johnson, Jr.</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00537"/>
            <fileNumberInfo fileNumber="811-01608"/>
            <fileNumberInfo fileNumber="811-01700"/>
            <fileNumberInfo fileNumber="811-02605"/>
            <fileNumberInfo fileNumber="811-02781"/>
            <fileNumberInfo fileNumber="811-02790"/>
            <fileNumberInfo fileNumber="811-03143"/>
            <fileNumberInfo fileNumber="811-03395"/>
            <fileNumberInfo fileNumber="811-03479"/>
            <fileNumberInfo fileNumber="811-04149"/>
            <fileNumberInfo fileNumber="811-04267"/>
            <fileNumberInfo fileNumber="811-04356"/>
            <fileNumberInfo fileNumber="811-04450"/>
            <fileNumberInfo fileNumber="811-04706"/>
            <fileNumberInfo fileNumber="811-04784"/>
            <fileNumberInfo fileNumber="811-04892"/>
            <fileNumberInfo fileNumber="811-04894"/>
            <fileNumberInfo fileNumber="811-04985"/>
            <fileNumberInfo fileNumber="811-04986"/>
            <fileNumberInfo fileNumber="811-05459"/>
            <fileNumberInfo fileNumber="811-05569"/>
            <fileNumberInfo fileNumber="811-05583"/>
            <fileNumberInfo fileNumber="811-06135"/>
            <fileNumberInfo fileNumber="811-06243"/>
            <fileNumberInfo fileNumber="811-06336"/>
            <fileNumberInfo fileNumber="811-06378"/>
            <fileNumberInfo fileNumber="811-06481"/>
            <fileNumberInfo fileNumber="811-07038"/>
            <fileNumberInfo fileNumber="811-07288"/>
            <fileNumberInfo fileNumber="811-07851"/>
            <fileNumberInfo fileNumber="811-07866"/>
            <fileNumberInfo fileNumber="811-07876"/>
            <fileNumberInfo fileNumber="811-08034"/>
            <fileNumberInfo fileNumber="811-08226"/>
            <fileNumberInfo fileNumber="811-08394"/>
            <fileNumberInfo fileNumber="811-08962"/>
            <fileNumberInfo fileNumber="811-09869"/>
            <fileNumberInfo fileNumber="811-10157"/>
            <fileNumberInfo fileNumber="811-21357"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Terrence J. Checki</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00537"/>
            <fileNumberInfo fileNumber="811-01608"/>
            <fileNumberInfo fileNumber="811-01700"/>
            <fileNumberInfo fileNumber="811-02605"/>
            <fileNumberInfo fileNumber="811-02790"/>
            <fileNumberInfo fileNumber="811-03395"/>
            <fileNumberInfo fileNumber="811-03479"/>
            <fileNumberInfo fileNumber="811-04149"/>
            <fileNumberInfo fileNumber="811-04267"/>
            <fileNumberInfo fileNumber="811-04356"/>
            <fileNumberInfo fileNumber="811-04787"/>
            <fileNumberInfo fileNumber="811-04894"/>
            <fileNumberInfo fileNumber="811-04986"/>
            <fileNumberInfo fileNumber="811-05569"/>
            <fileNumberInfo fileNumber="811-05583"/>
            <fileNumberInfo fileNumber="811-06243"/>
            <fileNumberInfo fileNumber="811-06481"/>
            <fileNumberInfo fileNumber="811-07038"/>
            <fileNumberInfo fileNumber="811-07288"/>
            <fileNumberInfo fileNumber="811-07851"/>
            <fileNumberInfo fileNumber="811-08034"/>
            <fileNumberInfo fileNumber="811-09869"/>
            <fileNumberInfo fileNumber="811-10157"/>
            <fileNumberInfo fileNumber="811-21357"/>
          </fileNumbers>
        </director>
      </directors>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>Bjorn A. Davis</ccoName>
          <crdNumber>004104631</crdNumber>
          <ccoStreet1>100 First Stamford Place</ccoStreet1>
          <ccoCity>Stamford</ccoCity>
          <ccoStateCountry ccoCountry="US" ccoState="US-CT"/>
          <ccoZipCode>06902</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="N/A" ccoEmployerId="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <securityMatterSeriesInfo isRegistrantSubmittedMatter="Y">
        <seriesInfo seriesName="TEMPLETON DRAGON FUND INC" seriesId="N/A"/>
      </securityMatterSeriesInfo>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <coveredByInsurancePolicy isCoveredByInsurancePolicy="Y" isClaimFiledDuringPeriod="N"/>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <releaseNumbers isExemptionFromAct="Y">
        <releaseNumberInfo releaseNumber="IC-15534"/>
        <releaseNumberInfo releaseNumber="IC-32722"/>
        <releaseNumberInfo releaseNumber="IC-33117"/>
      </releaseNumbers>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>PRICEWATERHOUSECOOPERS LLP</publicAccountantName>
          <pcaobNumber>238</pcaobNumber>
          <publicAccountantLei>5493002GVO7EO8RNNS37</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantCountry="US" publicAccountantState="US-CA"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <isPaymentErrorInNetAssetValue>N</isPaymentErrorInNetAssetValue>
      <paymentDividendSeries isPaymentDividend="Y">
        <seriesInfo seriesName="TEMPLETON DRAGON FUND INC" seriesId="N/A"/>
      </paymentDividendSeries>
    </registrantInfo>
    <managementInvestmentQuestionSeriesInfo>
      <managementInvestmentQuestion>
        <mgmtInvFundName>TEMPLETON DRAGON FUND INC</mgmtInvFundName>
        <mgmtInvLei>549300L5KGV2K28LYW59</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>0</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <foreignInvestments isForeignSubsidiary="Y">
          <foreignInvestment foreignSubsidiaryName="Templeton China Opportunities Fund, Ltd." foreignSubsidiaryLei="N/A" foreignSubsidiaryRssdId="N/A"/>
        </foreignInvestments>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
          <isFundLiquidated>N</isFundLiquidated>
          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
        </fundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>JPMorgan Chase Bank, N.A.</securitiesAgentName>
            <securitiesAgentLei>7H6GLXDRUGQFU57RNE97</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>N</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="N/A" idemnityProviderLei="N/A" idemnityProviderRssdId="N/A"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <collateralManagers>
          <collateralManager collateralManagerName="Franklin Advisers, Inc." collateralManagerLei="B1CG1NRZIDDJ0DQEXB52" isCollateralManagerAffliliated="N" isCollateralManagerAffliliatedWithFund="Y"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>3141511.25958460</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>39182.00000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
          <relyOnRuleType>Rule 23c-1 (17 CFR 270.23c-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Templeton Investment Counsel, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-15125</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000111370</investmentAdviserCrdNo>
            <investmentAdviserLei>D8ZZMLBMZO5UV5R9DG61</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-FL" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
          <investmentAdviser>
            <investmentAdviserName>Templeton Asset Management Ltd.</investmentAdviserName>
            <investmentAdviserFileNo>801-46997</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000111382</investmentAdviserCrdNo>
            <investmentAdviserLei>7AYVD3NQFQ1OTZURH567</investmentAdviserLei>
            <investmentAdviserCountry>SG</investmentAdviserCountry>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Computershare Trust Company, N.A.</transferAgentName>
            <transferAgentFileNo>084-05925</transferAgentFileNo>
            <transferAgentLei>254900Y7PP3ZED9AUY94</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>LSEG US FIN CORP.</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>BNP Paribas</custodianName>
            <custodianLei>R0MUWSFPU8MPRO8K5P83</custodianLei>
            <custodianCountry>PT</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>BNP Paribas</custodianName>
            <custodianLei>R0MUWSFPU8MPRO8K5P83</custodianLei>
            <custodianCountry>BE</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>BNP Paribas</custodianName>
            <custodianLei>R0MUWSFPU8MPRO8K5P83</custodianLei>
            <custodianCountry>IT</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Banco Citi Mexico S.A.</custodianName>
            <custodianLei>529900H31AYI6WA1J534</custodianLei>
            <custodianCountry>MX</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Banco Itau Uruguay S.A.</custodianName>
            <custodianLei>549300HU8OQS1VTVXN55</custodianLei>
            <custodianCountry>UY</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Bank Handlowy w. Warszawie S.A.</custodianName>
            <custodianLei>XLEZHWWOI4HFQDGL4793</custodianLei>
            <custodianCountry>PL</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Bank Leumi le-Israel B.M.</custodianName>
            <custodianLei>7JDSZWRGUQY2DSTWCR57</custodianLei>
            <custodianCountry>IL</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>CACEIS Bank Spain, S.A.U.</custodianName>
            <custodianLei>95980020140005970915</custodianLei>
            <custodianCountry>ES</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Citibank Maghreb S.A.</custodianName>
            <custodianLei>5493003FVWLMBFTISI11</custodianLei>
            <custodianCountry>MA</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Citibank NA-Buenos Aires</custodianName>
            <custodianLei>E57ODZWZ7FF32TWEFA76</custodianLei>
            <custodianCountry>AR</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Citibank del Peru S.A.</custodianName>
            <custodianLei>MYTK5NHHP1G8TVFGT193</custodianLei>
            <custodianCountry>PE</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>DBS Bank Ltd</custodianName>
            <custodianLei>ATUEL7OJR5057F2PV266</custodianLei>
            <custodianCountry>SG</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Deutsche Bank AG</custodianName>
            <custodianLei>7LTWFZYICNSX8D621K86</custodianLei>
            <custodianCountry>HU</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Deutsche Bank AG</custodianName>
            <custodianLei>7LTWFZYICNSX8D621K86</custodianLei>
            <custodianCountry>DE</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Euroclear</custodianName>
            <custodianLei>549300OZ46BRLZ8Y6F65</custodianLei>
            <custodianCountry>BE</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)</custodyType>
          </custodian>
          <custodian>
            <custodianName>FirstRand Bank Limited</custodianName>
            <custodianLei>ZAYQDKTCATIXF9OQY690</custodianLei>
            <custodianCountry>ZA</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Franklin Templeton Investor Services LLC</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianRssdId>N/A</custodianRssdId>
            <custodianStateCountry custodianState="US-CA" custodianCountry="US"/>
            <isCustodianAffiliated>Y</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Self - rule 17f-2 (17 CFR 270.17f-2)</custodyType>
          </custodian>
          <custodian>
            <custodianName>HSBC Bank (China) Company Limited</custodianName>
            <custodianLei>2CZOJRADNJXBLT55G526</custodianLei>
            <custodianCountry>CN</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>HSBC Bank Malaysia Berhad</custodianName>
            <custodianLei>P3RPN9OJFCXUPJWB1Q09</custodianLei>
            <custodianCountry>MY</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>J.P. Morgan Bank Luxembourg S.A.</custodianName>
            <custodianLei>549300ZK53CNGEEI6A29</custodianLei>
            <custodianCountry>BE</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>J.P. Morgan Bank Luxembourg S.A.</custodianName>
            <custodianLei>549300ZK53CNGEEI6A29</custodianLei>
            <custodianCountry>NL</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>J.P. Morgan Bank Luxembourg S.A.</custodianName>
            <custodianLei>549300ZK53CNGEEI6A29</custodianLei>
            <custodianCountry>FR</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>J.P. Morgan Bank Luxembourg S.A.</custodianName>
            <custodianLei>549300ZK53CNGEEI6A29</custodianLei>
            <custodianCountry>DK</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianCountry>GB</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
          <custodian>
            <custodianName>Mizuho Bank, Ltd.</custodianName>
            <custodianLei>RB0PEZSDGCO3JS6CEU02</custodianLei>
            <custodianCountry>JP</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Skandinaviska Enskilda Banken AB</custodianName>
            <custodianLei>F3JS33DEI6XQ4ZBPTN86</custodianLei>
            <custodianCountry>SE</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Skandinaviska Enskilda Banken AB</custodianName>
            <custodianLei>F3JS33DEI6XQ4ZBPTN86</custodianLei>
            <custodianCountry>FI</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Standard Chartered Bank (Thai) Public Company Limited</custodianName>
            <custodianLei>549300O1LQYCQ7G1IM57</custodianLei>
            <custodianCountry>TH</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Standard Chartered Bank Botswana Limited</custodianName>
            <custodianLei>5493007VY27WWF8FF542</custodianLei>
            <custodianCountry>BW</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Standard Chartered Bank Zambia Plc</custodianName>
            <custodianLei>549300247QDZHDI30A83</custodianLei>
            <custodianCountry>ZM</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>The Hongkong and Shanghai Banking Corporation Limited</custodianName>
            <custodianLei>2HI3YI5320L3RW6NJ957</custodianLei>
            <custodianCountry>HK</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>The Hongkong and Shanghai Banking Corporation Limited</custodianName>
            <custodianLei>2HI3YI5320L3RW6NJ957</custodianLei>
            <custodianCountry>PH</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>The Hongkong and Shanghai Banking Corporation Limited</custodianName>
            <custodianLei>2HI3YI5320L3RW6NJ957</custodianLei>
            <custodianCountry>CN</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>The Standard Chartered Bank (Taiwan) Limited</custodianName>
            <custodianLei>549300QJEO1B92LSHZ06</custodianLei>
            <custodianCountry>TW</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>UniCredit Bank Austria AG</custodianName>
            <custodianLei>D1HEB8VEU6D9M8ZUXG17</custodianLei>
            <custodianCountry>AT</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>UniCredit Bank Czech Republic and Slovakia, a.s.</custodianName>
            <custodianLei>KR6LSKV3BTSJRD41IF75</custodianLei>
            <custodianCountry>CZ</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Computershare Trust Company, N.A.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>254900Y7PP3ZED9AUY94</shareholderServiceAgentLei>
            <shareholderServiceAgentRssdId>N/A</shareholderServiceAgentRssdId>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Franklin Templeton Services, LLC</adminName>
            <adminLei>549300DFD0POOJZ42788</adminLei>
            <adminStateCountry adminState="US-CA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>Franklin Distributors, LLC</brokerDealerName>
            <brokerDealerFileNo>8-5889</brokerDealerFileNo>
            <brokerDealerCrdNo>000000332</brokerDealerCrdNo>
            <brokerDealerLei>N/A</brokerDealerLei>
            <brokerDealerRssdId>N/A</brokerDealerRssdId>
            <brokerDealerStateCountry brokerDealerState="US-CA" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Franklin Templeton Financial Services Corp.</brokerDealerName>
            <brokerDealerFileNo>8-29504</brokerDealerFileNo>
            <brokerDealerCrdNo>000013594</brokerDealerCrdNo>
            <brokerDealerLei>N/A</brokerDealerLei>
            <brokerDealerRssdId>N/A</brokerDealerRssdId>
            <brokerDealerStateCountry brokerDealerState="US-CA" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Franklin Templeton Investment Services, Inc.</brokerDealerName>
            <brokerDealerFileNo>8-43206</brokerDealerFileNo>
            <brokerDealerCrdNo>000027884</brokerDealerCrdNo>
            <brokerDealerLei>N/A</brokerDealerLei>
            <brokerDealerRssdId>N/A</brokerDealerRssdId>
            <brokerDealerStateCountry brokerDealerState="US-CA" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
        </brokerDealers>
        <brokers>
          <broker>
            <brokerName>J.P. Morgan Securities LLC</brokerName>
            <brokerFileNo>8-35008</brokerFileNo>
            <brokerCrdNo>000000079</brokerCrdNo>
            <brokerLei>ZBUT11V806EZRVTWT807</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>46660.94000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Goldman Sachs &amp; Co. LLC</brokerName>
            <brokerFileNo>8-00129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>13037.80000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Citigroup Global Markets Inc.</brokerName>
            <brokerFileNo>8-08177</brokerFileNo>
            <brokerCrdNo>000007059</brokerCrdNo>
            <brokerLei>MBNUM2BPBDO7JBLYG310</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>21030.06000000</grossCommission>
          </broker>
          <broker>
            <brokerName>UBS Securities LLC</brokerName>
            <brokerFileNo>8-22651</brokerFileNo>
            <brokerCrdNo>000007654</brokerCrdNo>
            <brokerLei>T6FIZBDPKLYJKFCRVK44</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>13681.40000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Merrill Lynch, Pierce, Fenner &amp; Smith Inc.</brokerName>
            <brokerFileNo>8-07221</brokerFileNo>
            <brokerCrdNo>000007691</brokerCrdNo>
            <brokerLei>8NAV47T0Y26Q87Y0QP81</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>23999.71000000</grossCommission>
          </broker>
          <broker>
            <brokerName>HSBC Securities (USA) Inc.</brokerName>
            <brokerFileNo>8-41562</brokerFileNo>
            <brokerCrdNo>000019585</brokerCrdNo>
            <brokerLei>CYYGQCGNHMHPSMRL3R97</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>11627.12000000</grossCommission>
          </broker>
          <broker>
            <brokerName>CLSA Americas, LLC</brokerName>
            <brokerFileNo>8-69166</brokerFileNo>
            <brokerCrdNo>000165533</brokerCrdNo>
            <brokerLei>213800M2DXATWY7JMS07</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>41794.44999999</grossCommission>
          </broker>
          <broker>
            <brokerName>CMB International Securities Limited</brokerName>
            <brokerFileNo>N/A</brokerFileNo>
            <brokerCrdNo>N/A</brokerCrdNo>
            <brokerLei>254900LN0XRWKIE1KU86</brokerLei>
            <brokerCountry>HK</brokerCountry>
            <grossCommission>39658.37000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Guosen Securities (HK) Brokerage Company, Limited</brokerName>
            <brokerFileNo>N/A</brokerFileNo>
            <brokerCrdNo>N/A</brokerCrdNo>
            <brokerLei>254900RJ1I0691ANYT88</brokerLei>
            <brokerCountry>HK</brokerCountry>
            <grossCommission>39539.93000000</grossCommission>
          </broker>
          <broker>
            <brokerName>China International Capital Corporation (Hong Kong) Limited</brokerName>
            <brokerFileNo>N/A</brokerFileNo>
            <brokerCrdNo>N/A</brokerCrdNo>
            <brokerLei>529900I91VYJX4FELF52</brokerLei>
            <brokerCountry>HK</brokerCountry>
            <grossCommission>49786.60000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>338734.62000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>J.P. Morgan Securities LLC</principalName>
            <principalFileNo>8-35008</principalFileNo>
            <principalCrdNo>000000079</principalCrdNo>
            <principalLei>ZBUT11V806EZRVTWT807</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>278260407.23000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Jefferies LLC</principalName>
            <principalFileNo>8-15074</principalFileNo>
            <principalCrdNo>000002347</principalCrdNo>
            <principalLei>58PU97L1C0WSRCWADL48</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>13.71000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Fiduciary Trust Company International</principalName>
            <principalFileNo>N/A</principalFileNo>
            <principalCrdNo>N/A</principalCrdNo>
            <principalLei>N1YKEWO2IYPRS4742F57</principalLei>
            <principalStateCountry principalState="US-CA" principalCountry="US"/>
            <principalTotalPurchaseSale>262811.26000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>278523232.20000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>301815912.64999998</mnthlyAvgNetAssets>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <closedEndManagementInvestment>
      <securityRelatedItems>
        <securityRelatedItem>
          <description>Common stock</description>
          <securityClassTitle>Common</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="XNYS" commonStockTickerSymbol="TDF"/>
          </commonStocks>
        </securityRelatedItem>
      </securityRelatedItems>
      <isRightsOffering>N</isRightsOffering>
      <isSecondaryOffering>N</isSecondaryOffering>
      <repurchaseSecurities isRepurchaseSecurity="Y">
        <repurchaseSecurityType>Common stock</repurchaseSecurityType>
      </repurchaseSecurities>
      <isDefaultLongTermDebt>N</isDefaultLongTermDebt>
      <isDividendsInArrears>N</isDividendsInArrears>
      <isSecuritiesModified>N</isSecuritiesModified>
      <managementFee>1.05720000</managementFee>
      <netOperatingExpenses>1.21000000</netOperatingExpenses>
      <marketPricePerShare>11.26000000</marketPricePerShare>
      <netAssetValuePerShare>13.02000000</netAssetValuePerShare>
    </closedEndManagementInvestment>
    <attachmentsTab>
      <isLegalProceedings>false</isLegalProceedings>
      <isProvisionFinancialSupport>false</isProvisionFinancialSupport>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
      <isChangeAccPrinciples>false</isChangeAccPrinciples>
      <isInfoRequiredEO>true</isInfoRequiredEO>
      <isOtherInfoRequired>false</isOtherInfoRequired>
      <isMaterialAmendments>false</isMaterialAmendments>
      <isInstDefiningRights>false</isInstDefiningRights>
      <isNewOrAmendedInvAdvContracts>false</isNewOrAmendedInvAdvContracts>
      <isInfoItem405>false</isInfoItem405>
      <isCodeOfEthics>false</isCodeOfEthics>
    </attachmentsTab>
    <signature registrantSignedName="TEMPLETON DRAGON FUND INC" signedDate="2025-12-31" signature="Monica Krogh" title="Assistant Treasurer"/>
  </formData>
</edgarSubmission>
