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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>/in/edgar/work/20000809/0001039351-00-000003/0001039351-00-000003.txt : 20000921
<SEC-HEADER>0001039351-00-000003.hdr.sgml : 20000921
ACCESSION NUMBER:		0001039351-00-000003
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20000731
FILED AS OF DATE:		20000809

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEMPLETON EMERGING MARKETS FUND INC
		CENTRAL INDEX KEY:			0000809708
		STANDARD INDUSTRIAL CLASSIFICATION:	 [0000
]		IRS NUMBER:				592767040
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0831
</COMPANY-DATA>

		FILING VALUES:
			FORM TYPE:		4
			SEC ACT:		
			SEC FILE NUMBER:	811-04985
			FILM NUMBER:		689332
</FILING-VALUES>

			BUSINESS ADDRESS:	
				STREET 1:		700 CENTRAL AVE
				STREET 2:		BOX 33030
				CITY:			ST PETERSBURG
				STATE:			FL
				ZIP:			33701
				BUSINESS PHONE:		8138238712
</BUSINESS-ADDRESS>
</SUBJECT-COMPANY>
<REPORTING-OWNER>

				COMPANY DATA:	
					COMPANY CONFORMED NAME:			GALBRAITH JOHN W
					CENTRAL INDEX KEY:			0001039351
					STANDARD INDUSTRIAL CLASSIFICATION:	 [6282
]<RELATIONSHIP>DIRECTOR
					STATE OF INCORPORATION:			DE
					FISCAL YEAR END:			0930
</COMPANY-DATA>

					FILING VALUES:
						FORM TYPE:		4
</FILING-VALUES>

						BUSINESS ADDRESS:	
							STREET 1:		111 NEW MONTGOMERY STREET
							STREET 2:		SUITE 402
							CITY:			SAN FRANCISCO
							STATE:			CA
							ZIP:			94105
							BUSINESS PHONE:		4153126505
</BUSINESS-ADDRESS>

							MAIL ADDRESS:	
								STREET 1:		FRANKLIN RESOURCES INC
								STREET 2:		901 MARINERS ISLAND BLVD 6TH FL
								CITY:			SAN MATEO
								STATE:			CA
								ZIP:			94404
</MAIL-ADDRESS>
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>0001.txt
<TEXT>

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16.
    Form 4 or Form 5 obligations may continue.
1. Name and Address of Reporting Person(s)
   Galbraith, John W.
   777 Mariners Island Boulevard


   San Mateo, CA 94404
2. Issuer Name and Ticker or Trading Symbol
   Templeton Emerging Markets Fund, Inc. (EMF)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)

4. Statement for Month/Year
   07/00
5. If Amendment, Date of Original (07/00)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   [X] Director                   [ ] 10% Owner
   [ ] Officer (give title below) [ ] Other (specify below)
   Director
7. Individual or Joint/Group Filing (Check Applicable Line)
   [X] Form filed by One Reporting Person
   [ ] Form filed by More than One Reporting Person

<TABLE>
<CAPTION>
Table I   Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Security                           2)Trans-    3.Trans- 4.Securities Acquired(A)      5)Amount of    6)  7)Nature of
                                              action      action   or Disposed of (D)            Securities         Indirect
                                              Date        Code                   A               Beneficially   D   Beneficial
                                              (Month/                            or              Owned at       or  Ownership
                                              Day/Year)   Code V   Amount        D  Price        End of Month   I
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                           <C>         <C>      <C>           <C><C>          <C>            <C><C>
Common Stock                                  07/25/00    P        3,200.000     A  $9.375       58,616.973     D  Direct
Common Stock                                                                                     193,489.177    I  by Trust

<CAPTION>
Table II (PART 1)  Derivative Securities Acquired, Disposed of, or Beneficially Owned  (Columns 1 through 6)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative          2)Conversion    3)Trans-       4)Trans-  5)Number of Derivative            6)Date Exercisable and
Security                       or Exercise     action         action    Securities Acquired (A)           Expiration Date
                               Price of        Date           Code      or Disposed of (D)
                               Derivative
                               Security                       Code  V   A                D                Exercisable  Expiration
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>             <C>            <C>       <C>              <C>              <C>          <C>

<CAPTION>
Table II (PART 2)  Derivative Securities Acquired, Disposed of, or Beneficially Owned  (Columns 1,3 and 7 through 11)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative          3)Trans-  7)Title and Amount                           8)Price     9)Number of   10) 11)Nature of
Security                       action    of Underlying                                of Deri-    Derivative        Indirect
                               Date      Securities                                   vative      Securities    D   Beneficial
                                                                        Amount or     Security    Beneficially  or  Ownership
                                                                        Number of                 Owned at      I
                  -                      Title                          Shares                    End of Month
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>       <C>                            <C>           <C>         <C>           <C> <C>

<FN>
Explanation of Responses:


</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ Galbraith, John W.
DATE
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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