]> Press Release--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, December 2, 2004--Templeton Global Income Fund (NYSE: GIM) today announced a distribution from net investment income of $0.1852.  This amount is comprised of the Fund's regular monthly dividend from net investment income of $0.04 per share, and an additional year-end dividend from net investment income of $0.1452 per share. This distribution is payable on December 31, 2004 to shareholders of record on December 16, 2004 (Ex-Dividend Date: December 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 over $371 billion in assets under management as of October 31, 2004. For more information, please call 1-800/DIAL BEN® (1-800-342-5236) or visit franklintempleton.com.