]> Templeton Releases Closed-End Funds' Portfolio Allocation and Management Updates

Templeton Releases Closed-End Funds' Portfolio Allocation and Management Updates

From: Franklin Templeton Investments
Contact: Franklin Templeton Investments
Telephone:(800) 342-5236

Fort Lauderdale, Florida, June 16, 2006.  The Templeton closed-end Funds referenced below, which trade on the New York Stock Exchange, today released portfolio allocation updates containing the following information as of May 31, 2006:

  • Asset Allocation
  • Ten Largest Positions/Portfolio Characteristics
  • International Allocation/Net Currency Distribution
  • Industry Allocation/Country Distribution

To obtain a copy of the updates, please contact Fund Information at 1-800-342-5236.

Templeton closed-end Funds:

            Templeton Emerging Markets Fund (NYSE: EMF)
            Templeton Emerging Markets Income Fund (NYSE: TEI)
            Templeton Global Income Fund (NYSE: GIM)

Additionally, a revision has been made to the management for TEI and GIM.  Dr. Michael Hasenstab, who has been a manager of TEI and GIM since 2002, has become the sole manager of the Funds effective June 1, 2006.

The Funds' investment advisers are subsidiaries of Franklin Resources, Inc. (NYSE: BEN), a global investment management 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 $492 billion in assets under management as of May 31, 2006. For more information, please call1-800/DIAL BEN® (1-800-342-5236) or visit franklintempleton.com.

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