-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, V/AAS+VPmHkRJ1wxhxddSFfN4vISlYBdHRpuM4Vt7JGxVKQ3kmoc0VH1XP/kaxqS oBHN14adxhWMe6zduAwcYg== 0000919893-00-000002.txt : 20000302 0000919893-00-000002.hdr.sgml : 20000302 ACCESSION NUMBER: 0000919893-00-000002 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 19991231 FILED AS OF DATE: 20000229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TEMPLETON DRAGON FUND INC CENTRAL INDEX KEY: 0000919893 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 650473580 STATE OF INCORPORATION: MD FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 811-08394 FILM NUMBER: 556881 BUSINESS ADDRESS: STREET 1: 700 CENTRAL AVE CITY: ST PETERSBURG STATE: FL ZIP: 33701 BUSINESS PHONE: 8138238712 NSAR-B 1 N-SAR (3.0) PAGE 1 000 B000000 12/31/99 000 C000000 919893 000 D000000 N 000 E000000 NC 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. 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BAIO James R. Baio TITLE TREASURER EX-27 2
6 THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE TEMPLETON DRAGON FUND, INC. DECEMBER 31, 1999 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 0000919893 TEMPLETON DRAGON FUND, INC. YEAR DEC-31-1999 DEC-31-1999 528579686 673934796 1871224 40 0 675806060 92770 0 1844591 1937361 0 689154917 52859893 52859893 0 (12829) 0 (160628499) 145355110 673868699 24297589 1728441 0 (9431501) 16594529 (50855494) 239783031 205522066 0 (16898503) 0 (43219054) 0 0 0 145404509 0 0 (45403) (109436457) (7380081) 0 (9431501) 591973779 10.00 0.31 3.58 (0.32) 0 (0.82) 12.75 1.59 BASED ON AVERAGE WEIGHTED SHARES OUTSTANDING.
EX-99 3 AUDITORS INTERNAL CONTROL LETTER REPORT OF INDEPENDENT ACCOUNTANTS 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") for the year ended December 31, 1999, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of the Fund is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that controls may become inadequate because of changes in conditions or that the effectiveness of their design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of December 31, 1999. This report is intended solely for the information and use of the Board of Directors, management and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. PricewaterhouseCoopers LLP New York, New York January 28, 2000 EX-99 4 EXHBIT 77K - CHANGE IN AUDITORS EXHIBIT 77K TEMPLETON DRAGON FUND, INC. CHANGE IN INDEPENDENT AUDITOR On August 13, 1999, McGladrey & Pullen, LLP (McGladrey) resigned as independent auditors of the Fund. McGladrey resigned pursuant to their agreement to sell their investment company practice to PricewaterhouseCoopers LLP (PwC). The McGladrey partners and professionals previously serving the Fund, have joined PwC and performed the December 31, 1999 audit. None of the reports of McGladrey on the financial statements of the Fund, including those of the past two fiscal years have ever contained an adverse opinion or a disclaimer of opinion, or was qualified or modified as to uncertainty, audit scope or accounting principles. During the period McGladrey served the Fund, including the two most recent fiscal years and subsequent interim period, there were no disagreements with McGladrey on any matter of accounting principle or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of McGladrey would have caused it to make reference to the subject matter of disagreement in connection with its report. On October 21, 1999, the Fund, with the approval of its Board of Directors and its Audit Committee, engaged PwC as its independent auditors. EX-99 5 EXHIBIT 77K - CHANGE IN AUDITORS Securities and Exchange Commission Judiciary Plaza 450 Fifth Street Washington D.C. 20549 We were previously the independent accountants for Templeton Dragon Fund, Inc. We have read their notification of change in independent accountants made in Item 77K of Form N-SAR. We agree with the statements in the filing. /s/MCGLADREY & PULLEN, LLP New York, New York February 29, 2000 -----END PRIVACY-ENHANCED MESSAGE-----