]> Press Releases--Closed-End Funds, Templeton Releases Portfolio Allocation 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, August 20, 2004.  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 July 31, 2004:

  • 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 (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 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 $347 billion in assets under management as of July 31, 2004. For more information, please call 1-800/DIAL BEN® (1-800-342-5236) or visit franklintempleton.com.

TEMPLETON GLOBAL INCOME FUND
AS OF JULY 31, 2004
TOTAL NET ASSETS: $1,115,939,488
NET ASSET VALUE PER SHARE: $8.60

ASSET
ALLOCATION
PERCENT OF TOTAL NET ASSETS PORTFOLIO CHARACTERISTICS
CASH & OTHER 2.7% WEIGHTED AVG. CREDIT QUALITY A+
FIXED INCOME 97.3% WEIGHTED AVG. MATURITY 5 yrs.
EQUITY* 0.0%
========
WEIGHTED AVG. DURATION 3.83 yrs.
100.0% WEIGHTED AVG. COUPON 6.967%
NET CURRENCY DISTRIBUTION PERCENT OF TOTAL NET ASSETS COUNTRY DISTRIBUTION PERCENT OF TOTAL NET ASSETS
ASIA 24.1% ASIA 25.9%
INDO RUPIAH 5.7% INDONESIA 5.7%
SOUTH KOREA WON 12.3% PHILIPPINES 1.8%
THAILAND BAHT 6.1% SOUTH KOREA 12.3%
AUSTRALIA/NEW ZELAND 13.4% THAILAND 6.1%
AUSTRALIAN DLR 5.9% AUSTRALIA/NEW ZELAND 13.4%
N ZEAL DOLLAR 7.5% AUSTRALIA 5.9%
EUROPE 47.2% NEW ZELAND 7.5%
BRITISH POUND 0.6% EUROPE 49.7%
DANISH KRONE 1.7% AUSTRIA 2.6%
EURO MON UNIT 26.2% BELGIUM 2.9%
HUNGARY FORINT 1.5% DENMARK 1.7%
NORWEGIAN KRONE 3.9% FINLAND 2.7%
POLAND ZLOTY 4.3% FRANCE 2.8%
SWEDISH KRONA 9.1% GERMANY 3.6%
NORTH AMERICA 15.3% GREECE 0.5%
CANADIAN DOLLAR 1.9% HUNGARY 1.5%
US DOLLAR 13.4% IRISH REPUBLIC 1.3%
======== ITALY 2.4%
TOTAL 100.0% NETHERLANDS 2.3%
NORWAY 3.9%
POLAND 4.3%
RUSSIA 2.1%
SPAIN 2.6%
SWEDEN 9.1%
UKRAINE 3.0%
UNITED KINGDOM 0.6%
LATIN AMERICA 7.1%
BRAZIL 0.7%
COLOMBIA 0.7%
MEXICO 1.3%
PERU 0.2%
VENEZUELA 4.1%
MID-EAST/AFRICA 0.2%
SOUTH AFRICA 0.2%
NORTH AMERICA 3.7%
CANADA 1.9%
UNITED STATES 1.8%
TOTAL 100.0%

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.