Templeton Releases Closed-End Fund's Portfolio Allocation Update.

FORT LAUDERDALE, Fla. -- 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, 2006:

--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 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 $494 billion in assets under management as of July 31, 2006. For more information, please call 1-800/DIAL BEN(R) (1-800-342-5236) or visit franklintempleton.com.

TEMPLETON GLOBAL INCOME FUND
                          AS OF JULY 31, 2006
                   TOTAL NET ASSETS: $1,162,453,010
                   NET ASSET VALUE PER SHARE: $8.94

ASSET ALLOCATION  PERCENT OF
                   TOTAL NET
                    ASSETS     PORTFOLIO CHARACTERISTICS
-----------------------------  ---------------------------------------
CASH & OTHER             5.4%  WEIGHTED AVG. CREDIT QUALITY         A+
FIXED INCOME            94.6%  WEIGHTED AVG. MATURITY        3.60 yrs.
EQUITY(a)                0.0%  WEIGHTED AVG. DURATION        2.24 yrs.
                       100.0%  WEIGHTED AVG. COUPON             6.430%
NET CURRENCY DISTRIBUTION PERCENT OF  COUNTRY DISTRIBUTION PERCENT OF
                           TOTAL NET                        TOTAL NET
                            ASSETS                           ASSETS
------------------------------------- --------------------------------
ASIA                            49.1% ASIA                       45.8%
 INDIAN RUPEE                    0.9%  INDIA                      0.9%
 INDO RUPIAH                     7.7%  INDONESIA                  7.7%
 JAPANESE YEN                   11.8%  JAPAN                      6.9%
 MALAYSI RINGGIT                 2.3%  MALAYSIA                   2.3%
 SOUTH KOREA WON                15.6%  PHILIPPINES                1.5%
 SINGAPORE DOLLAR                3.6%  SINGAPORE                  3.6%
 THAILAND BAHT                   7.2%  SOUTH KOREA               15.6%
AUSTRALIA/NEW ZEALAND            4.0%  THAILAND                   7.2%
 AUSTRALIAN DLR                  4.2% AUSTRALIA/NEW ZEALAND       2.8%
 N ZEAL DOLLAR                  -0.2%  AUSTRALIA                  4.2%
EUROPE                          29.5%  NEW ZEALAND               -1.4%
 EURO MON UNIT                   0.2% EUROPE                     31.0%
 ICELAND KRONA                   2.4%  EURO COMMUNITY            -1.1%
 NORWEGIAN KRONE                 4.7%  GERMANY                    2.9%
 POLAND ZLOTY                    8.0%  ICELAND                    0.7%
 ROMANIA LEU-NEW                 0.8%  ITALY                      1.5%
 SLOVAK KORUNA                   4.8%  NORWAY                     4.7%
 SWEDISH KRONA                   8.6%  POLAND                     8.0%
LATIN AMERICA                    3.8%  ROMANIA                    0.8%
 BRAZILIAN REAL                  0.5%  SLOVAK REPUBLIC            4.8%
 PERU NUEVO SOL                  3.3%  SPAIN                      0.1%
MID-EAST/AFRICA                  1.5%  SWEDEN                     8.6%
 EGYPTIAN POUND                  1.5% LATIN AMERICA               9.5%
NORTH AMERICA                   12.1%  ARGENTINA                  4.0%
 CANADIAN DOLLAR                 8.0%  BRAZIL                     0.5%
 US DOLLAR                       4.1%  PERU                       5.0%
TOTAL                          100.0% MID-EAST/AFRICA             2.5%
                                       EGYPT                      1.5%
                                       IRAQ                       1.0%
                                      NORTH AMERICA               8.4%
                                       CANADA                     8.0%
                                       UNITED STATES              0.4%
                                      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(R) (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.

(a) EQUITY INCLUDES CONVERTIBLE AND PREFERRED SECURITIES.