]> Press Release--Closed-End Funds, GIM Dividend, August 2004

Templeton Global Income Fund ("GIM") Announces Dividend

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

Fort Lauderdale, Florida, August 3, 2004. Templeton Global Income Fund (NYSE: GIM) today announced its regular monthly dividend from net investment income of $0.04 per share, payable on August 31, 2004 to shareholders of record on August 17, 2004 (Ex-Dividend Date: August 13, 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 over $350 billion in assets under management as of June 30, 2004. For more information, please call 1-800/DIAL BENĀ® (1-800-342-5236) or visit franklintempleton.com.