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Templeton Releases Closed-End Funds Portfolio Allocation Updates

From: Franklin Templeton Investments
Contact: Lisa Gallegos
Telephone:(650) 312-3395

Fort Lauderdale, Florida, August 15, 2002 -- The Templeton closed-end Funds referenced below, which trade on the New York Stock Exchange, today released portfolio allocation updates containing the following information as of July 31, 2002:

  • Asset Allocation
  • Portfolio Characteristics
  • Net Currency Distribution
  • Country Distribution

To obtain a copy of the updates, please contact Fund Information at 1-800-342-5236.

For more information, please contact Franklin Templeton Investments at
1-800-342-5236. Members of the media should contact Lisa Gallegos at Franklin Templeton Corporate Communications at 650-312-3395.

Templeton closed-end Funds:

Templeton Global Governments Income Trust (NYSE: TGG)
Templeton Global Income Fund, Inc. (NYSE: GIM)

The Funds' investment adviser is a subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management services through its Franklin, Templeton, Mutual Series and Fiduciary Trust subsidiaries. The San Mateo, CA-based company has over 50 years of investment experience and more than $257 billion in assets under management as of July 31, 2002. For more information, please call 1-800-DIAL BEN® (1-800-342-5236).

 

TEMPLETON GLOBAL GOVERNMENTS INCOME TRUST
AS OF JULY 31, 2002
TOTAL ASSETS: $143,549,691
NET ASSET VALUE PER SHARE: $6.61

ASSET
ALLOCATION
PERCENT OF TOTAL PORTFOLIO CHARACTERISTICS
CASH & OTHER 12.4% WEIGHTED AVG. CREDIT QUALITY AA-
FIXED INCOME 87.6% WEIGHTED AVG. MATURITY 7 yrs.
EQUITY* 0.0%
========
WEIGHTED AVG. DURATION 4.61 yrs.
100.0% WEIGHTED AVG. COUPON 7.521%
NET CURRENCY DISTRIBUTION PERCENT OF TOTAL COUNTRY DISTRIBUTION PERCENT OF TOTAL
ASIA 0.2% ASIA 5.6%
HONG KONG DOLLR 0.2% HONG KONG 0.2%
AUSTRALIA/NEW ZEALAND 7.3% PHILIPPINES 5.4%
AUSTRALIAN DLR 4.0% AUSTRALIA/NEW ZEALAND 7.3%
N ZEAL DOLLAR 3.3% AUSTRALIA 4.0%
EUROPE 40.6% NEW ZEALAND 3.3%
BRITISH POUND 2.2% EUROPE 51.3%
DANISH KRONE 2.3% BELGIUM 4.4%
EURO MON UNIT 31.7% BULGARIA 1.0%
SWEDISH KRONA 4.3% DENMARK 2.3%
NORTH AMERICA 51.9% FRANCE 8.6%
CANADIAN DOLLAR 2.9% GERMANY 3.6%
US DOLLAR 49.0%
========
ITALY 7.4%
TOTAL 100.0% NETHERLANDS 4.7%
POLAND 3.0%
RUSSIA 5.0%
SPAIN 4.6%
SWEDEN 4.3%
UKRAINE 0.3%
UNITED KINGDOM 2.2%
LATIN AMERICA 14.2%
BRAZIL 0.7%
MEXICO 7.5%
PANAMA 0.6%
PERU 1.5%
VENEZUELA 4.0%
NORTH AMERICA 9.1%
CANADA 2.9%
UNITED STATES 6.2%
TOTAL 87.6%

You may request a copy of the Trust's current Report to Shareholders by contacting Fund Information at 1-800-DIAL BEN® (1-800-342-5236). Since markets can go down as well as up, investment return and principal value will fluctuate with market conditions, currency volatility, and the economic, social and political climates of countries where the Trust invests. Emerging markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. You may have a gain or loss when you sell your shares. The information provided is as of the date shown. The Trust's portfolio is actively managed and investment allocations can be expected to change.

* EQUITY INCLUDES CONVERTIBLE AND PREFERRED SECURITIES.

TEMPLETON GLOBAL INCOME FUND
AS OF JULY 31, 2002
TOTAL ASSETS: $781,749,548
NET ASSET VALUE PER SHARE: $7.15

ASSET
ALLOCATION
PERCENT OF TOTAL PORTFOLIO CHARACTERISTICS
CASH & OTHER 7.0% WEIGHTED AVG. CREDIT QUALITY AA-
FIXED INCOME 93.0% WEIGHTED AVG. MATURITY 8 yrs.
EQUITY* 0.0%
=========
WEIGHTED AVG. DURATION 4.90 yrs.
100.0% WEIGHTED AVG. COUPON 7.991%
NET CURRENCY DISTRIBUTION PERCENT OF TOTAL COUNTRY DISTRIBUTION PERCENT OF TOTAL
ASIA 0.2% ASIA 6.9%
HONG KONG DOLLR 0.2% HONG KONG 0.2%
AUSTRALIA/NEW ZEALAND 8.9% PHILIPPINES 6.7%
AUSTRALIAN DLR 4.1% AUSTRALIA/NEW ZEALAND 8.3%
N ZEAL DOLLAR 4.8% AUSTRALIA 4.1%
EUROPE 45.3% NEW ZEALAND 4.1%
BRITISH POUND 2.8% EUROPE 54.8%
DANISH KRONE 2.4% BELGIUM 3.7%
EURO MON UNIT 34.3% BULGARIA 1.0%
NORWEGIAN KRONA 0.9% DENMARK 2.4%
SWEDISH KRONA 4.9% FRANCE 7.4%
NORTH AMERICA 45.6% GERMANY 8.1%
CANADIAN DOLLAR 2.2% ITALY 7.4%
US DOLLAR 43.4%
=========
NETHERLANDS 4.4%
TOTAL 100.0% NORWAY 0.9%
POLAND 1.8%
RUSSIA 5.0%
SPAIN 4.5%
SWEDEN 4.9%
UKRAINE 0.3%
UNITED KINGDOM 2.8%
LATIN AMERICA 14.7%
BRAZIL 0.5%
ECUADOR 0.4%
MEXICO 7.5%
PANAMA 0.7%
PERU 0.7%
VENEZUELA 4.8%
NORTH AMERICA 8.3%
CANADA 2.2%
UNITED STATES 6.2%

========

TOTAL 93.0%

You may request a copy of the Fund's current Report to Shareholders by contacting Fund Information at 1-800-DIAL BEN® (1-800-342-5236). Since markets can go down as well as up, investment return and principal value will fluctuate with market conditions, currency volatility, and the economic, social and political climates of countries where the Fund invests. Emerging markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. You may have a gain or loss when you sell your shares. The information provided is as of the date shown. The Fund's portfolio is actively managed and investment allocations can be expected to change.

* EQUITY INCLUDES CONVERTIBLE AND PREFERRED SECURITIES.