]> Press Releases--Closed-End Funds, GIM Announces Dividend
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Templeton Global Income Fund, Inc. ("GIM") Announces Dividend

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

Fort Lauderdale, Florida, October 29, 2003--Templeton Global Income Fund, Inc. (NYSE: GIM) today announced its monthly dividend from net investment income of $0.04 per share, payable on November 28, 2003 to shareholders of record on November 13, 2003 (Ex-Dividend Date: November 10, 2003).

The Fund’s investment manager is a wholly owned 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 $301 billion in assets under management as of September 30, 2003. For more information, please call 1-800/DIAL BEN® (1-800-342-5236).