SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   -----------

                                  SCHEDULE 13G
                                 (Rule 13d-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
          TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
                            PURSUANT TO RULE 13d-2(b)

                               (Amendment No. 1)1

                           Templeton Dragon Fund, Inc.
--------------------------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    88018T101
--------------------------------------------------------------------------------
                                 (CUSIP Number)

                                December 31, 2001
--------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

          [X]  Rule 13d-1(b)
          [_]  Rule 13d-1(c)
          [_]  Rule 13d-1(d)



--------
         1The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.

         The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).





-------------------                                            -----------------
CUSIP No. 88018T101                  13G                       Page 2 of 4 Pages
-------------------                                            -----------------

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

          President and Fellows of Harvard College
--------------------------------------------------------------------------------
                                                                  (a)      [ ]
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                  (b)      [ ]
--------------------------------------------------------------------------------
3.   SEC USE ONLY

--------------------------------------------------------------------------------
4.   CITIZENSHIP OR PLACE OF ORGANIZATION

          Massachusetts
--------------------------------------------------------------------------------
                      5.   SOLE VOTING POWER

                                5,228,351 shares
                 ---------------------------------------------------------------
     NUMBER OF        6.   SHARED VOTING POWER
      SHARES
   BENEFICIALLY                 ----
     OWNED BY    ---------------------------------------------------------------
       EACH           7.   SOLE DISPOSITIVE POWER
     REPORTING
      PERSON                    5,228,351 shares
       WITH      ---------------------------------------------------------------
                      8.   SHARED DISPOSITIVE POWER

                                ----
--------------------------------------------------------------------------------
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          5,228,351 shares
--------------------------------------------------------------------------------
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
     EXCLUDES CERTAIN SHARES*                                              [ ]
--------------------------------------------------------------------------------
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

          10.7%
--------------------------------------------------------------------------------
12.  TYPE OF REPORTING PERSON*

          EP
--------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!





                                  SCHEDULE 13G

Item  1(a)          Name of Issuer:
                          Templeton Dragon Fund, Inc.

      1(b)          Address of Issuer's Principal Executive Offices:
                          700 Central Avenue
                          St. Petersburg, FL  33701

Item  2(a)          Name of Person Filing:
                          President and Fellows of Harvard College

      2(b)          Address of Principal Business Office or, if none, Residence:
                          c/o Harvard Management Company, Inc.
                          600 Atlantic Avenue
                          Boston, MA  02210

      2(c)          Citizenship:
                          Massachusetts

      2(d)          Title of Class of Securities:
                          Common Stock

      2(e)          CUSIP Number:
                          88018T101

Item  3             The reporting person is an employee benefit plan or
                    endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).

Item  4             Ownership:

      4(a)          Amount beneficially owned:
                          5,228,351 shares

      4(b)          Percent of Class:
                          10.7%

      4(c)          Number of shares as to which such person has:

                    (i)   sole power to vote or to direct the vote:
                             5,228,351 shares

                    (ii)  shared power to vote or to direct the vote:
                          ---------

                    (iii) sole power to dispose or to direct the disposition of:
                             5,228,351 shares

                                Page 3 of 4 Pages



                    (iv)  shared power to dispose or to direct the disposition
                          of:
                          --------

Item  5             Ownership of Five Percent or Less of a Class:
                             Not Applicable.

Item  6             Ownership of More than Five Percent on Behalf of Another
                    Person:
                             Not Applicable.

Item  7             Identification and Classification of the Subsidiary which
                    Acquired the Security Being Reported on by the Parent
                    Holding Company:
                          Not Applicable.

Item  8             Identification and Classification of Members of the Group:
                             Not Applicable.

Item  9             Notice of Dissolution of Group:
                             Not Applicable.

Item 10             Certification:

                    By signing below the undersigned certifies that, to the best
                    of its knowledge and belief, the securities referred to
                    above were acquired and are held in the ordinary course of
                    business and were not acquired and are not held for the
                    purpose of or with the effect of changing or influencing the
                    control of the issuer of the securities and were not
                    acquired and are not held in connection with or as a
                    participant in any transaction having that purpose or
                    effect.


                    After reasonable inquiry and to the best of its knowledge
                    and belief, the undersigned certifies that the information
                    set forth in this statement is true, complete and correct.

                                             PRESIDENT AND FELLOWS OF HARVARD
                                             COLLEGE


                                             By: /s/ Michael S. Pradko
                                                 -------------------------------
                                             Name:  Michael S. Pradko
                                             Title: Authorized Signatory

February 14, 2002

                               Page 4 of 4 Pages