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 April 30, 2007:

* Asset Allocation

* Portfolio Characteristics

* 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 $601 billion in assets under management as of April 30, 2007. For more information, please call 1-800/DIAL BEN([R]) (1-800-342-5236) or visit franklintempleton.com.

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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.

1 Equity includes convertible and preferred securities.