<PAGE> PAGE 1
000 A000000 02/28/95
000 C000000 809708
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
"001 A000000 TEMPLETON EMERGING MARKETS FUND, INC."
001 B000000 811-4985
001 C000000 3055277591
002 A000000 500 EAST BROWARD BLVD SUITE 2100
002 B000000 FT. LAUDERDALE
002 C000000 FL
002 D010000 33394
002 D020000 3091
003 000000 N
004 000000 N
005 000000 N
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007 C010800 8
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008 A000001 TEMPLETON INVESTMENT MANAGEMENT (HONGKONG)LTD
008 B000001 A
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008 D050001 HONG KONG
010 A000001 TEMPLETON GLOBAL INVESTORS INC
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011 C010001 NEW YORK
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011 C040001 1316
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<PAGE> PAGE 2
012 B000001 84-00000
012 C010001 RIDGEFIELD PARK
012 C020001 NJ
012 C030001 07660
012 C040001 0000
013 A000001 MC GLADREY & PULLEN
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10017
013 B040001 2416
015 A000001 THE CHASE MANHATTAN BANK N.A.
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10081
015 E010001 X
"015 A000002 CHASE MANHATTAN BANK, N.A."
015 B000002 S
015 C010002 BUENOS AIRES
015 D010002 ARGENTINA
015 E040002 X
015 A000003 CHASE MANHATTAN BANK AUSTRALIA LIMITED
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015 D010003 AUSTRALIA
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<PAGE> PAGE 3
015 A000009 STANDARD CHARTERED BANK
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015 C010009 DHAKA
015 D010009 BANGLADESH
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"015 A000010 BARCLAYS BANK., PLC"
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015 C010010 ATHENS
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015 A000011 CHASE MANHATTAN BANK N.A.
015 B000011 S
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015 D010011 HONG KONG
015 E040011 X
015 A000012 CITIBANK BUDAPEST RT.
015 B000012 S
015 C010012 BUDAPEST
015 D010012 HUNGARY
015 E040012 X
015 A000013 BANK LEUMI LE-ISRAEL B.M.
015 B000013 S
015 C010013 TEL AVIV
015 D010013 ISRAEL
015 E040013 X
015 A000014 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000014 S
015 C010014 JAKARTA
015 D010014 INDONESIA
015 E040014 X
015 A000015 BANK OF IRELAND
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015 C010015 DUBLIN
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015 C010016 MEXICO CITY
015 D010016 MEXICO
015 E040016 X
015 A000017 ARAB BANK LIMITED
015 B000017 S
015 C010017 AMMAN
015 D010017 JORDAN
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015 A000018 CITIBANK N.A.
015 B000018 S
015 C010018 LIMA
015 D010018 PERU
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"015 A000019 CHASE MANHATTAN BANK, N.A."
<PAGE> PAGE 4
015 B000019 S
015 C010019 MILAN
015 D010019 ITALY
015 E040019 X
"015 A000020 CHASE MANHATTAN BANK, N.A."
015 B000020 S
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015 D010020 JAPAN
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015 A000021 THE HONGKONG & SHANGHAI BANKING CORP LTD
015 B000021 S
015 C010021 SHANGHAI
015 D010021 CHINA
015 E040021 X
"015 A000022 CHASE MANHATTAN BANK, N.A."
015 B000022 S
015 C010022 KUALA LUMPUR
015 D010022 MALAYSIA
015 E040022 X
015 A000023 ABN-AMRO BANK N.V.
015 B000023 S
015 C010023 AMSTERDAM
015 D010023 NETHERLANDS
015 E040023 X
015 A000024 NATIONAL NOMINEES LIMITED
015 B000024 S
015 C010024 AUCKLAND
015 D010024 NEW ZEALAND
015 E040024 X
015 A000025 DEN NORSKE BANK
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015 B000026 S
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<PAGE> PAGE 5
015 C010029 SINGAPORE
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015 B000031 S
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015 D010031 SPAIN
015 E040031 X
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015 B000032 S
015 C010032 COLOMBO
015 D010032 SRI LANKA
015 E040032 X
015 A000033 SKANDINAVISKA ENSKILDA BANKEN
015 B000033 S
015 C010033 STOCKHOLM
015 D010033 SWEDEN
015 E040033 X
015 A000034 UNION BANK OF SWITZERLAND
015 B000034 S
015 C010034 ZURICH
015 D010034 SWITZERLAND
015 E040034 X
015 A000035 THE HONGKONG & SHANGHAI BANKING CORP LTD
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015 D010035 INDIA
015 E040035 X
"015 A000036 CHASE MANHATTAN BANK, N.A."
015 B000036 S
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"015 A000037 CHASE MANHATTAN BANK, N.A."
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015 E040037 X
"015 A000038 CHASE MANHATTAN BANK, N.A."
015 B000038 S
015 C010038 LONDON
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015 A000039 CEDEL SA
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015 C010039 LUXEMBOURG
<PAGE> PAGE 6
015 D010039 LUXEMBOURG
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"015 A000040 CITIBANK, N.A."
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015 D010042 UNITED KINGDOM
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015 D010043 SOUTH AFRICA
015 E040043 X
015 A000044 DEN DANSKE BANK
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015 C010044 COPENHAGEN
015 D010044 DENMARK
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015 A000045 HONG KONG AND SHANGHAI BANKING CORP LTD
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015 C010045 SHENZHEN
015 D010045 CHINA
015 E040045 X
015 A000046 KANSALLIS-OSAKE-PANKKI
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015 C010046 HELSINKI
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015 A000047 BANQUE PARIBAS
015 B000047 S
015 C010047 PARIS
015 D010047 FRANCE
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015 A000048 CHASE BANK A.G.
015 B000048 S
015 C010048 FRANKFURT
015 D010048 GERMANY
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015 A000049 CITITRUST COLOMBIA SA
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015 C010049 SANTAFE DE BOGATA
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<PAGE> PAGE 7
015 E040049 X
015 A000050 BANQUE COMMERCIALE DU MAROE
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015 A000051 THE FIRST NATIONAL BANK OF BOSTON
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015 D010052 AUSTRIA
015 E040052 X
"015 A000053 CESKOSLOVENSKA OBOHODNI BANKA, A.S."
015 B000053 S
015 C010053 PRAHA
015 D010053 CZECH REPUBLIC
015 E040053 X
015 A000054 NATIONAL BANK OF EGYPT
015 B000054 S
015 C010054 CAIRO
015 D010054 EGYPT
015 E040054 X
015 A000055 BARCLAYS BANK OF ZIMBABWE
015 B000055 S
015 C010055 HARARE
015 D010055 ZIMBABWE
015 E040055 X
015 A000056 BARCLAYS BANK OF GHANA
015 B000056 S
015 C010056 ACCRA
015 D010056 GHANA
015 E040056 X
015 A000057 HONGKONG & SHANGHAI BANKING CORP LTD
015 B000057 S
015 C010057 PORT LOUIS
015 D010057 MAURITIUS
015 E040057 X
018 000000 Y
019 A000000 Y
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019 C000000 FRNKTEMGRP
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020 B000001 BRAZIL
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<PAGE> PAGE 8
020 A000003 ICATU
020 B000003 BRAZIL
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020 A000004 SCHROEDERS
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020 A000007 GLOBAL SECURITIES INC
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020 A000008 MORGAN GRENFELL ASIA
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020 A000009 MORGAN GRENFELL HK
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"022 A000001 THE CHASE MANHATTAN BANK, N.A."
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022 D000004 0
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022 C000005 842
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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SIGNATURE JAMES R. BAIO
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TEMPLETON EMERGING MARKETS FUND, INC. FEBRUARY 28, 1995 SEMI-ANNUAL
REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<CIK> 0000809708
<NAME> EMERGING MARKETS FUND, INC.
<S> <C>
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</TABLE>
