UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D. C. 20549
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                                     FORM 25

                   NOTIFICATION OF REMOVAL FROM LISTING AND/OR
                    REGISTRATION UNDER SECTION 12(B) OF THE
                        SECURITIES EXCHANGE ACT OF 1934.

                                           Commission File Number  811-04985
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Templeton Emerging Markets Fund: NYSE Arca, Inc.(formerly Pacific Exchange,Inc.)
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         (Exact name of Issuer as specified in its charter, and name of
              Exchange where security is listed and/or registered)


       500 East Broward Blvd., Suite 2100, Fort Lauderdale, FL 33394-3091
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       (Address, including zip code, and telephone number, including area
                 code, of Issuer's principal executive offices)


               Shares of Beneficial Interest (without par value)
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                      (Description of class of securities)



Please place an X in the box to designate the rule provision relied upon to
strike the class of securities from listing and registration:

[ ]  17 CFR 240.12d2-2(a)(1)

[ ]  17 CFR 240.12d2-2(a)(2)

[ ]  17 CFR 240.12d2-2(a)(3)

[ ]  17 CFR 240.12d2-2(a)(4)

[ ]  Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules
to strike the class of securities from listing and/or withdraw registration on
the Exchange./1

[X]  Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with the rules
of the Exchange and the requirements of 17 CFR 240.12d2-2(c) governing the
voluntary withdrawal of the class of securities from listing and registration
on the Exchange.



Pursuant to the requirements of the Securities Exchange Act of 1934, TEMPLETON
EMERGING MARKETS FUND (Name of Issuer or Exchange) certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing
the Form 25 and has caused this  notification to be signed on its behalf by the
undersigned duly authorized person.


October 31, 2006        By  /s/ROBERT C. ROSSLEOT         Secretary
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     Date                            Name                      Title





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1 Form 25 and attached Notice will be considered compliance with the provisions
of 17 CFR 240.19d-1 as applicable. See General Instructions.

                      PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION
SEC 1654 (03-06)      CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS
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