]> Press Releases--Close-End Funds, Templeton Release Update
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Templeton Releases Closed-End Fund Portfolio Allocation Update

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

Fort Lauderdale, Florida, May 23, 2003 --  The Templeton closed-end Fund referenced below, which trades on the New York Stock Exchange, today released a portfolio allocation update containing the following information as of April 30, 2003:

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

To obtain a copy of the update, please contact Fund Information at 1-800-342-5236. Templeton closed-end Fund:

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

The Fund’s 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 $267 billion in assets under management as of April 30, 2003. For more information, please call 1-800-DIAL BEN® (1-800-342-5236).

TEMPLETON GLOBAL INCOME FUND
AS OF APRIL 30, 2003
TOTAL ASSETS: $1,064,564,960
NET ASSET VALUE PER SHARE: $8.22

ASSET
ALLOCATION
PERCENT OF TOTAL PORTFOLIO CHARACTERISTICS
CASH & OTHER 3.6% WEIGHTED AVG. CREDIT QUALITY AA-
FIXED INCOME 96.4% WEIGHTED AVG. MATURITY 7 yrs.
EQUITY* 0.0%
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WEIGHTED AVG. DURATION 5.20 yrs.
100.0% WEIGHTED AVG. COUPON 7.128%
NET CURRENCY DISTRIBUTION PERCENT OF TOTAL COUNTRY DISTRIBUTION PERCENT OF TOTAL
AUSTRALIA/NEW ZEALAND 11.9% ASIA 5.2%
AUSTRALIAN DLR 4.8% PHILIPPINES 5.2%
N ZEAL DOLLAR 7.1% AUSTRALIA/NEW ZEALAND 11.7%
EUROPE 57.4% AUSTRALIA 4.8%
BRITISH POUND 2.5% NEW ZEALAND 6.9%
DANISH KRONE 3.5% EUROPE 65.1%
EURO MON UNIT 40.0% AUSTRIA 3.2%
HUNGARIAN FORINT 1.0% BELGIUM 3.5%
NORWEGIAN KRONE 2.9% BULGARIA 2.4%
SWEDISH KRONA 7.5% DENMARK 3.5%
NORTH AMERICA 30.7% FINLAND 2.7%
CANADIAN DOLLAR 2.2% FRANCE 11.2%
US DOLLAR 28.5%
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GERMANY 4.1%
TOTAL 100% GREECE 0.5%
HUNGARY 1.0%
IRISH REPUBLIC 1.3%
ITALY 4.3%
NETHERLANDS 3.9%
NORWAY 2.9%
POLAND 0.8%
RUSSIA 4.5%
SPAIN 4.5%
SWEDEN 7.5%
UKRAINE 1.1%
UNITED KINGDOM 2.5%
LATIN AMERICA 11.9%
COLOMBIA 1.1%
MEXICO 4.9%
PANAMA 0.7%
PERU 0.9%
VENEZUELA 4.3%
MID-EAST/AFRICA 0.2%
SOUTH AFRICA 0.2%
NORTH AMERICA 2.2%
CANADA 2.2%

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TOTAL 96.4%

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.