PAGE 1
000 A000000 09/30/96
000 C000000 919893
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 DRAGON FUND, INC.
001 B000000 811-8874
001 C000000 9545277591
002 A000000 500 E. 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
006 000000 N
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007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 TEMPLETON ASSET MANAGEMENT LIMITED
008 B000001 A
008 C000001 801-0005
008 D010001 HONG KONG
008 D050001 HONG KONG
010 A000001 TEMPLETON GLOBAL INVESTORS, INC.
010 B000001 8-31192
010 C010001 FORT LAUDERDALE
010 C020001 FL
010 C030001 33394
010 C040001 3091
010 A000002 NOMURA CAPITAL MANAGEMENT, INC.
010 C010002 NEW YORK
010 C020002 NY
010 C030002 10038
PAGE 2
012 A000001 CHASEMELLON SHAREHOLDER SERVICES
012 B000001 85-0000
012 C010001 RIDGEFILED PARK
012 C020001 NJ
012 C030001 07660
012 A000002 NOMURA CAPITAL MANAGEMENT
012 B000002 85-0000
012 C010002 NEW YORK
012 C020002 NY
012 C030002 10038
013 A000001 MCGLADREY & PULLEN, LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10017
013 B040001 2416
015 A000001 THE CHASE MANHATTAN BANK
015 B000001 C
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015 C020001 NY
015 C030001 10081
015 E010001 X
015 A000002 THE CHASE MANHATTAN BANK
015 B000002 S
015 C010002 BUENOS AIRES
015 D010002 ARGENTINA
015 D020002 1061
015 E040002 X
015 A000003 THE CHASE MANHATTAN BANK
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015 D010003 AUSTRALIA
015 D020003 2000
015 E040003 X
015 A000004 CREDITANSTALT - BANKVEREIN
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015 D010004 AUSTRIA
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015 B000005 S
015 C010005 DHAKA
015 D010005 BANGLADESH
015 D020005 1000
PAGE 3
015 E040005 X
015 A000006 GENERALE BANK
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015 C010006 BRUXELLES
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015 D020006 1000
015 E040006 X
015 A000007 THE ROYAL BANK OF CANADA
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015 D010007 CANADA
015 D020007 M5J2J5
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015 B000009 S
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015 E040010 X
015 A000011 NATIONAL BANK OF EGYPT
015 B000011 S
015 C010011 CAIRO
015 D010011 EGYPT
015 E040011 X
015 A000012 MERITA BANK LTD
015 B000012 S
015 C010012 HELSINKI
015 D010012 FINLAND
015 D020012 00500
015 E040012 X
015 A000013 BANQUE PARIBAS
015 B000013 S
015 C010013 PARIS
015 D010013 FRANCE
015 D020013 75078
015 E040013 X
015 A000014 CHASE BANK A.G.
015 B000014 S
015 C010014 FRANKFURT
PAGE 4
015 D010014 GERMANY
015 D020014 60441
015 E040014 X
015 A000015 BARCLAYS BANK PLC
015 B000015 S
015 C010015 ATHENS
015 D010015 GREECE
015 D020015 10562
015 E040015 X
015 A000016 THE CHASE MANHATTAN BANK
015 B000016 S
015 C010016 HONG KONG
015 D010016 HONG KONG
015 E040016 X
015 A000017 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000017 S
015 C010017 JAKARTA
015 D010017 INDONESIA
015 D020017 10023
015 E040017 X
015 A000018 BANK OF IRELAND
015 B000018 S
015 C010018 DUBLIN
015 D010018 IRELAND
015 D020018 1
015 E040018 X
015 A000019 BANK LEUMI LE-ISRAEL B.M.
015 B000019 S
015 C010019 TEL AVIV
015 D010019 ISRAEL
015 D020019 61000
015 E040019 X
015 A000020 THE CHASE MANHATTAN BANK
015 B000020 S
015 C010020 MILAN
015 D010020 ITALY
015 D020020 20121
015 E040020 X
015 A000021 THE FUJI BANK LTD
015 B000021 S
015 C010021 TOKYO
015 D010021 JAPAN
015 E040021 X
015 A000022 THE CHASE MANHATTAN BANK
015 B000022 S
015 C010022 KUALA LUMPUR
015 D010022 MALAYSIA
015 D020022 50250
015 E040022 X
015 A000023 THE CHASE MANHATTAN BANK, S.A.
015 B000023 S
PAGE 5
015 C010023 PB COLONIA SANTE FE
015 D010023 MEXICO
015 D020023 01210
015 E040023 X
015 A000024 BANQUE COMMERCIALE DU MAROC
015 B000024 S
015 C010024 CASABLANCA
015 D010024 MOROCCO
015 D020024 20000
015 E040024 X
015 A000025 ABN AMRO N.V.
015 B000025 S
015 C010025 DE BREDA
015 D010025 NETHERLANDS
015 D020025 4800
015 E040025 X
015 A000026 NATIONAL NOMINEES LIMITED
015 B000026 S
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015 D010026 NEW ZEALAND
015 E040026 X
015 A000027 DEN NORSKE BANK
015 B000027 S
015 C010027 OSLO
015 D010027 NORWAY
015 D020027 N-0107
015 E040027 X
015 A000028 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000028 S
015 C010028 PASIG CITY
015 D010028 PHILIPPINES
015 E040028 X
015 A000029 BANCO ESPIRITO SANTO & COMERCIAL DE LISBOA
015 B000029 S
015 C010029 LISBON
015 D010029 PORTUGAL
015 D020029 1200
015 E040029 X
015 A000030 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000030 S
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015 D010030 CHINA
015 E040030 X
015 A000031 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000031 S
015 C010031 SHENZHEN
015 D010031 CHINA
015 E040031 X
015 A000032 THE CHASE MANHATTAN BANK
015 B000032 S
015 C010032 SINGAPORE
PAGE 6
015 D010032 SINGAPORE
015 D020032 0104
015 E040032 X
015 A000033 STANDARD CORPORATE & MERCHANT BANK
015 B000033 S
015 C010033 JOHANNESBURG
015 D010033 SOUTH AFRICA
015 D020033 2001
015 E040033 X
015 A000034 THE CHASE MANHATTAN BANK
015 B000034 S
015 C010034 MADRID
015 D010034 SPAIN
015 D020034 28046
015 E040034 X
015 A000035 SKANDINAVISKA ENSKILDA BANKEN
015 B000035 S
015 C010035 STOCKHOLM
015 D010035 SWEDEN
015 D020035 S-10640
015 E040035 X
015 A000036 UNION BANK OF SWITZERLAND
015 B000036 S
015 C010036 ZURICH
015 D010036 SWITZERLAND
015 D020036 8021
015 E040036 X
015 A000037 THE CHASE MANHATTAN BANK
015 B000037 S
015 C010037 BANGKOK
015 D010037 THAILAND
015 D020037 10500
015 E040037 X
015 A000038 THE CHASE MANHATTAN BANK
015 B000038 S
015 C010038 LONDON
015 D010038 UNITED KINGDOM
015 D020038 EC2P2HD
015 E040038 X
015 A000039 THE FIRST NATIONAL BANK OF BOSTON
015 B000039 S
015 C010039 MONTEVIDEO
015 D010039 URUGUAY
015 E040039 X
015 A000040 BARCLAYS BANK OF ZIMBABWE
015 B000040 S
015 C010040 HARARE
015 D010040 ZIMBABWE
015 E040040 X
015 A000041 DELETE
015 A000042 FIRST CHICAGO CLEARING CENTRE
PAGE 7
015 B000042 S
015 C010042 LONDON
015 D010042 UNITED KINGDOM
015 D020042 EC3A 1AA
015 E040042 X
015 A000043 CEDEL BANK S.A.
015 B000043 S
015 C010043 LUXEMBOURG
015 D010043 LUXEMBOURG
015 E040043 X
015 A000044 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000044 S
015 C010044 CUREPIPE
015 D010044 MAURITIUS
015 E040044 X
015 A000045 CITIBANK BUDAPEST RT.
015 B000045 S
015 C010045 BUDAPEST
015 D010045 HUNGARY
015 D020045 1052
015 E040045 X
015 A000046 BARCLAYS BANK OF GHANA LTD
015 B000046 S
015 C010046 ACCRA
015 D010046 GHANA
015 E040046 X
015 A000047 AUSTRALIA RESERVE BANK
015 B000047 S
015 C010047 SYDNEY
015 D010047 AUSTRALIA
015 E040047 X
015 A000048 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000048 S
015 C010048 SEOUL
015 D010048 SOUTH KOREA
015 E040048 X
015 A000049 BARCLAYS BANK OF BOTSWANA LIMITED
015 B000049 S
015 C010049 GABORONE
015 D010049 BOTSWANA
015 E040049 X
015 A000050 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000050 S
015 C010050 BRATISLAVA
015 D010050 SLOVAK REPUBLIC
015 D020050 815 63
015 E040050 X
015 A000051 BARCLAYS BANK OF KENYA
015 B000051 S
015 C010051 NAIROBI
015 D010051 KENYA
PAGE 8
015 E040051 X
015 A000052 BARCLAYS BANK OF ZAMBIA
015 B000052 S
015 C010052 LUSAKA
015 D010052 ZAMBIA
015 E040052 X
015 A000053 BANK POLSKA KASA OPIEKI S.A.
015 B000053 S
015 C010053 WARSAW
015 D010053 POLAND
015 D020053 02-675
015 E040053 X
015 A000054 BANK HANDLOWY W. WARSZAWIE S.A.
015 B000054 S
015 C010054 WARSAW
015 D010054 POLAND
015 D020054 00-920
015 E040054 X
018 000000 Y
019 A000000 Y
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019 C000000 FRNKTEMGRP
020 A000001 JAMES CAPEL
020 B000001 52-1348224
020 C000001 162
020 A000002 STANDARD CHARTERED SEC
020 B000002 13-3736097
020 C000002 59
020 A000003 JARDINE FLEMING
020 B000003 HONG KONG
020 C000003 43
020 A000004 MERRILL LYNCH
020 B000004 13-5674085
020 C000004 43
020 A000005 SASSOON SECURITIES
020 B000005 SINGAPORE
020 C000005 19
020 A000006 HOARE GOVETT ASIA
020 B000006 CHINA
020 C000006 18
020 A000007 NOMURA INTERNATIONAL
020 B000007 13-2642206
020 C000007 14
020 A000008 SHANGHAI INT'L SEC CO.
020 B000008 HONG KONG
020 C000008 13
020 A000009 UBS SECURITIES
020 B000009 13-3873456
020 C000009 8
020 A000010 CREDIT LYONNAIS
020 B000010 HONG KONG
PAGE 9
020 C000010 5
021 000000 384
022 A000001 CHASE MANHATTAN BANK
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022 C000001 300654
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022 B000002 13-3299429
022 C000002 3477
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022 B000003 13-5659656
022 C000003 3294
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PAGE 10
028 A030000 0
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PAGE 11
048 A010000 0
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PAGE 12
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PAGE 13
070 K010000 Y
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PAGE 14
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PAGE 15
086 C020000 0
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SIGNATURE /s/JAMES R. BAIO
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TEMPLETON DRAGON FUND SEPTEMBER 30, 1996 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000919893
<NAME> TEMPLETON DRAGON FUND, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 776717734
<INVESTMENTS-AT-VALUE> 901283605
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<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 11393
<TOTAL-ASSETS> 904935810
<PAYABLE-FOR-SECURITIES> 121615
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1185922
<TOTAL-LIABILITIES> 1307537
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 759294959
<SHARES-COMMON-STOCK> 54007093
<SHARES-COMMON-PRIOR> 54007093
<ACCUMULATED-NII-CURRENT> 12105566
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7661877
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 124565871
<NET-ASSETS> 903628273
<DIVIDEND-INCOME> 16332742
<INTEREST-INCOME> 2473389
<OTHER-INCOME> 0
<EXPENSES-NET> 6500554
<NET-INVESTMENT-INCOME> 12305577
<REALIZED-GAINS-CURRENT> 8028002
<APPREC-INCREASE-CURRENT> 41886091
<NET-CHANGE-FROM-OPS> 62219670
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1350177)
<DISTRIBUTIONS-OF-GAINS> (6750887)
<DISTRIBUTIONS-OTHER> 0
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<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 54118606
<ACCUMULATED-NII-PRIOR> 1150166
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<PER-SHARE-NAV-BEGIN> 15.73
<PER-SHARE-NII> .23
<PER-SHARE-GAIN-APPREC> .92
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> (.12)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.73
<EXPENSE-RATIO> 1.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
