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

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

Fort Lauderdale, Florida, July 1, 2004--Templeton Global Income Fund (NYSE: GIM) today announced its regular monthly dividend from net investment income of $0.04 per share, payable on July 30, 2004 to shareholders of record on July 16, 2004 (Ex-Dividend Date: July 14, 2004).

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 solutions managed by its Franklin, Templeton, Mutual Series and Fiduciary Trust investment teams. The San Mateo, CA-based company has more than 50 years of investment experience and $345 billion in assets under management as of May 31, 2004. For more information, please call 1-800/DIAL BEN® (1-800-342-5236) or visit franklintempleton.com.