<DOCUMENT>
<TYPE>INTERNAL CONTROL RPT
<SEQUENCE>5
<FILENAME>TDF_Audit_Opinion_Letter.txt
<DESCRIPTION>INDEPENDENT PUBLIC ACCOUNTANT REPORT ON INTERNAL CONTROL
<TEXT>

Report of Independent Registered Public Accounting Firm

To the Board of Directors and Shareholders of
 Templeton Dragon Fund, Inc.

In planning and performing our audit of the financial statements
 of Templeton Dragon Fund, Inc. (the "Fund") as of and for the year
 ended December 31, 2019, in accordance with the standards of
the Public Company Accounting Oversight Board (United States)
 (PCAOB), we considered the Fund's internal control over
 financial reporting, including controls over
safeguarding securities, as a basis for designing our
auditing procedures for the purpose of expressing our opinion
on the financial statements and to comply with the requirements
 of Form N-CEN, but not for the purpose of expressing an opinion
 on the effectiveness of the Fund's internal control over
financial reporting. Accordingly, we do not express an opinion
 on the effectiveness of the Fund's internal control over
 financial reporting.

The management of the Fund is responsible for establishing
and maintaining effective internal control over financial
reporting. In fulfilling this responsibility, estimates and
 judgments by management are required to assess the expected
 benefits and related costs of controls. A company's internal
 control over financial reporting is a process designed to
 provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements
 for external purposes in accordance with generally accepted
 accounting principles. A company's internal control over financial
 reporting includes those policies and procedures that
(1) pertain to the maintenance of records that, in
 reasonable detail, accurately and fairly reflect
the transactions and dispositions of the assets of the
 company; (2) provide reasonable assurance that
transactions are recorded as necessary to permit preparation
 of financial statements in accordance with generally
 accepted accounting principles, and that receipts and
expenditures of the company are being made only in accordance
 with authorizations of management and directors of the company;
 and (3) provide reasonable assurance regarding prevention or
timely detection of unauthorized acquisition, use or disposition
 of a company's assets that could have a material effect on
 the financial statements.

Because of its inherent limitations, internal control over
 financial reporting may not prevent or detect misstatements.
 Also, projections of any evaluation of effectiveness to future
 periods are subject to the risk that controls may become inadequate
 because of changes in conditions, or that the degree of compliance
 with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists
 when the design or operation of a control does not allow management
 or employees, in the normal course of performing their assigned
functions, to prevent or detect misstatements on a timely basis.
A material weakness is a deficiency, or a combination of deficiencies,
 in internal control over financial reporting, such that there is a
 reasonable possibility that a material misstatement of the company's
 annual or interim financial statements will not be prevented or
 detected on a timely basis.

Our consideration of the Fund's internal control over financial
 reporting was for the limited purpose described in the first
 paragraph and would not necessarily disclose all deficiencies
 in internal control over financial reporting that might be
material weaknesses under standards established by the PCAOB.
 However, we noted no deficiencies in the Fund's internal control
 over financial reporting and its operation, including controls
 over safeguarding securities, that we consider to be a material
 weakness as defined above as of December 31, 2019.

This report is intended solely for the information and use
 of the Board of Directors of Templeton Dragon Fund, Inc.
and the Securities and Exchange Commission and is not
intended to be and should not be used by anyone other
than these specified parties.



/s/PricewaterhouseCoopers LLP
San Francisco, California
February 20, 2020

</TEXT>
</DOCUMENT>
