FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-05459
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TEMPLETON GLOBAL INCOME FUND
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(Exact name of registrant as specified in charter)
500 EAST BROWARD BLVD., SUITE 2100, FORT LAUDERDALE, FL 33394-3091
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(Address of principal executive offices) (Zip code)
CRAIG S. TYLE, ONE FRANKLIN PARKWAY, SAN MATEO, CA 94403-1906
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(Name and address of agent for service)
Registrant's telephone number, including area code: (954) 527-7500
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Date of fiscal year end: 08/31
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Date of reporting period: 11/30/05
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ITEM 1. SCHEDULE OF INVESTMENTS.
TEMPLETON GLOBAL INCOME FUND
QUARTERLY STATEMENT OF INVESTMENTS
NOVEMBER 30, 2005
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CONTENTS
Statement of Investments .............................................. 3
Notes to Statement of Investments ..................................... 8
[LOGO](R)
FRANKLIN TEMPLETON
INVESTMENTS
Franklin o TEMPLETON o Mutual Series
Quarterly Statement of Investments | 1
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TEMPLETON GLOBAL INCOME FUND
STATEMENT OF INVESTMENTS, NOVEMBER 30, 2005 (UNAUDITED)
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PRINCIPAL AMOUNT(c) VALUE
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LONG TERM INVESTMENTS 97.3%
ARGENTINA 1.8%
(a),(b)Government of Argentina, FRN, 4.005%, 8/03/12 .................................. 26,750,000 $ 20,816,470
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AUSTRALIA 5.2%
New South Wales Treasury Corp.,
8.00%, 3/01/08 ............................................................... 6,200,000 AUD 4,822,188
6.00%, 5/01/12 ............................................................... 10,200,000 AUD 7,711,062
Queensland Treasury Corp.,
6.00%, 7/14/09 ............................................................... 4,100,000 AUD 3,086,501
6.00%, 8/14/13 ............................................................... 56,500,000 AUD 43,002,915
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58,622,666
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Austria 2.9%
Government of Austria,
9.00%, 9/15/06 ............................................................... 865,000,000 ISK 13,743,074
5.50%, 10/20/07 .............................................................. 10,720,000 EUR 13,263,423
5.00%, 7/15/12 ............................................................... 4,580,000 EUR 5,963,215
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32,969,712
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Belgium 2.4%
Government of Belgium,
8.50%, 10/01/07 .............................................................. 19,718,000 EUR 25,592,540
5.00%, 9/28/12 ............................................................... 1,480,000 EUR 1,930,795
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27,523,335
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BRAZIL 0.4%
(a)Government of Brazil, FRN, 5.25%, 4/15/12 ...................................... 4,289,314 4,216,932
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CANADA 6.7%
Government of Canada,
8.75%, 12/01/05 .............................................................. 5,290,000 4,537,267
6.00%, 6/01/11 ............................................................... 26,263,000 CAD 24,818,411
Province of Alberta,
7.50%, 12/01/05 .............................................................. 9,470,000 8,122,480
5.00%, 12/16/08 .............................................................. 28,530,000 CAD 25,234,576
Province of British Columbia, 6.00%, 6/09/08 ................................... 7,000,000 CAD 6,310,267
Province of Ontario, 7.75%, 7/24/06 ............................................ 8,610,000 CAD 7,574,127
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76,597,128
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DENMARK 1.7%
Government of Denmark,
6.00%, 11/15/11 .............................................................. 15,500,000 DKK 2,826,621
5.00%, 11/15/13 .............................................................. 92,320,000 DKK 16,330,263
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19,156,884
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FINLAND 0.9%
Government of Finland, 5.00%, 7/04/07 .......................................... 8,680,000 EUR 10,595,222
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FRANCE 0.2%
Government of France, 4.25%, 4/25/19 ........................................... 2,250,000 EUR 2,835,623
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Quarterly Statement of Investments | 3
TEMPLETON GLOBAL INCOME FUND
STATEMENT OF INVESTMENTS, NOVEMBER 30, 2005 (UNAUDITED) (CONTINUED)
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PRINCIPAL AMOUNT(c) VALUE
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LONG TERM INVESTMENTS (CONT.)
GERMANY 1.4%
Government of Germany, 2.75%, 6/23/06 .............................................. 295,000 EUR $ 348,270
KfW Bankengruppe, senior note, 6.375%, 2/17/15 ..................................... 22,950,000 NZD 15,884,888
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16,233,158
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GREECE 0.5%
Government of the Hellenic Republic, 4.60%, 5/20/13 ................................ 4,560,000 EUR 5,780,873
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INDONESIA 6.2%
Government of Indonesia,
11.00%, 10/15/14 ................................................................. 55,000,000,000 IDR 4,656,031
9.50%, 6/15/15 ................................................................... 33,050,000,000 IDR 2,484,798
10.75%, 5/15/16 .................................................................. 82,245,000,000 IDR 6,637,846
11.00%, 11/15/20 ................................................................. 359,100,000,000 IDR 27,701,189
Indonesia Recapital Bonds,
14.00%, 6/15/09 .................................................................. 20,470,000,000 IDR 2,071,452
13.15%, 3/15/10 .................................................................. 21,330,000,000 IDR 2,095,777
15.425%, 9/15/10 ................................................................. 4,800,000,000 IDR 508,302
13.15%, 1/15/12 .................................................................. 33,200,000,000 IDR 3,235,303
14.25%, 6/15/13 .................................................................. 84,050,000,000 IDR 8,495,715
14.275%, 12/15/13 ................................................................ 126,836,000,000 IDR 12,818,528
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70,704,941
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IRISH REPUBLIC 0.7%
Government of Ireland, 4.25%, 10/18/07 ............................................. 7,000,000 EUR 8,478,075
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MALAYSIA 2.3%
Government of Malaysia,
4.305%, 2/27/09 .................................................................. 75,200,000 MYR 20,561,567
4.032%, 9/15/09 .................................................................. 21,400,000 MYR 5,749,463
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26,311,030
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MEXICO 1.0%
(d)Government of Mexico, 144A, 7.50%, 3/08/10 ......................................... 8,800,000 EUR 11,937,586
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NETHERLANDS 0.1%
Government of the Netherlands, 5.75%, 2/15/07 ...................................... 800,000 EUR 976,844
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NEW ZEALAND 4.6%
Government of New Zealand,
7.00%, 7/15/09 ................................................................... 41,630,000 NZD 30,086,203
6.00%, 11/15/11 .................................................................. 25,723,000 NZD 18,115,426
Inter-American Development Bank, 6.00%, 12/15/17 ................................... 6,000,000 NZD 4,026,526
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52,228,155
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NORWAY 4.7%
Government of Norway, 6.75%, 1/15/07 ............................................... 343,407,000 NOK 53,139,903
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PERU 3.1%
Government of Peru,
9.91%, 5/05/15 ................................................................... 6,500,000 PEN 2,241,486
7.84%, 8/12/20 ................................................................... 47,200,000 PEN 13,850,494
Series 7, 8.60%, 8/12/17 ......................................................... 61,545,000 PEN 19,232,970
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35,324,950
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4 | Quarterly Statement of Investments
TEMPLETON GLOBAL INCOME FUND
STATEMENT OF INVESTMENTS, NOVEMBER 30, 2005 (UNAUDITED) (CONTINUED)
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PRINCIPAL AMOUNT(c) VALUE
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LONG TERM INVESTMENTS (CONT.)
PHILIPPINES 2.0%
Government of the Philippines,
9.00%, 2/15/13 .................................................................. 5,500,000 $ 6,070,625
Reg S, 9.125%, 2/22/10 .......................................................... 12,170,000 EUR 16,308,911
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22,379,536
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POLAND 7.8%
Government of Poland,
8.50%, 11/12/06 ................................................................. 100,860,000 PLN 31,492,312
8.50%, 5/12/07 .................................................................. 68,700,000 PLN 21,783,059
6.00%, 5/24/09 .................................................................. 65,250,000 PLN 20,234,725
6.25%, 10/24/15 ................................................................. 12,550,000 PLN 4,051,685
5.75%, 9/23/22 .................................................................. 34,200,000 PLN 10,727,551
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88,289,332
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SINGAPORE 2.9%
Government of Singapore, 4.00%, 3/01/07 ........................................... 55,475,000 SGD 33,363,402
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SLOVAK REPUBLIC 4.8%
Government of Slovakia,
4.80%, 4/14/09 .................................................................. 298,100,000 SKK 9,725,877
7.50%, 3/13/12 .................................................................. 84,000,000 SKK 3,190,267
4.90%, 2/11/14 .................................................................. 53,300,000 SKK 1,808,203
5.30%, 5/12/19 .................................................................. 50,200,000 SKK 1,823,785
Strip, 1/14/07 .................................................................. 1,264,000,000 SKK 37,995,346
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54,543,478
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SOUTH AFRICA 0.2%
Government of South Africa, 5.25%, 5/16/13 ........................................ 2,000,000 EUR 2,553,397
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SOUTH KOREA 14.8%
Government of Korea,
4.50%, 3/05/06 .................................................................. 19,500,000,000 KRW 18,827,000
4.50%, 9/03/06 .................................................................. 29,790,000,000 KRW 28,714,947
6.90%, 1/16/07 .................................................................. 41,010,000,000 KRW 40,472,146
4.75%, 3/03/07 .................................................................. 7,900,000,000 KRW 7,610,232
6.15%, 7/10/07 .................................................................. 10,000,000,000 KRW 9,814,140
5.77%, 10/09/07 ................................................................. 39,640,000,000 KRW 38,715,881
4.75%, 3/12/08 .................................................................. 8,075,000,000 KRW 7,732,075
4.50%, 9/09/08 .................................................................. 12,000,000,000 KRW 11,392,552
Korea Treasury Bond, 5.00%, 3/26/13 ............................................... 5,000,000,000 KRW 4,668,193
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167,947,166
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SPAIN 2.0%
Government of Spain,
8.80%, 4/30/06 .................................................................. 13,342,000 EUR 16,124,026
5.00%, 7/30/12 .................................................................. 4,850,000 EUR 6,314,970
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22,438,996
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Quarterly Statement of Investments | 5
TEMPLETON GLOBAL INCOME FUND
STATEMENT OF INVESTMENTS, NOVEMBER 30, 2005 (UNAUDITED) (CONTINUED)
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PRINCIPAL AMOUNT(c) VALUE
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LONG TERM INVESTMENTS (CONT.)
SWEDEN 8.0%
Government of Sweden,
8.00%, 8/15/07 ............................................................... 218,550,000 SEK $ 29,563,065
6.50%, 5/05/08 ............................................................... 100,400,000 SEK 13,548,668
5.25%, 3/15/11 ............................................................... 273,300,000 SEK 37,375,488
5.50%, 10/08/12 .............................................................. 43,560,000 SEK 6,143,887
Strip, 9/20/06 ............................................................... 39,400,000 SEK 4,804,754
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91,435,862
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Thailand 5.6%
Bank of Thailand Bond, 3.25%, 5/19/07 .......................................... 407,690,000 THB 9,808,975
Government of Thailand,
8.00%, 12/08/06 .............................................................. 1,453,680,000 THB 36,675,946
5.60%, 7/07/07 ............................................................... 499,730,000 THB 12,223,060
4.125%, 2/12/08 .............................................................. 178,700,000 THB 4,231,340
8.50%, 12/08/08 .............................................................. 31,000,000 THB 814,661
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63,753,982
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Ukraine 0.3%
(a)Government of the Ukraine, FRN, 7.34313%, 8/05/09 .............................. 2,645,000 2,870,090
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Venezuela 2.1%
Government of Venezuela, 9.25%, 9/15/27 ........................................ 20,355,000 23,525,291
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TOTAL LONG TERM INVESTMENTS (COST $1,027,830,346) .............................. 1,107,550,019
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SHARES/PRINCIPAL
AMOUNT(c)
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SHORT TERM INVESTMENTS 0.9%
EGYPT 0.5%
(e)Egypt Treasury Bills, 5/30/06 - 11/21/06 ....................................... 35,900,000 EGP 5,922,577
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UNITED STATES 0.4%
(f)Franklin Institutional Fiduciary Trust Money Market Portfolio .................. 4,493,933 4,493,933
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TOTAL SHORT TERM INVESTMENTS (COST $10,338,371) ................................ 10,416,510
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TOTAL INVESTMENTS (COST $1,038,168,717) 98.2% .................................. 1,117,966,529
NET UNREALIZED GAIN ON FORWARD EXCHANGE CONTRACTS 0.0%(g) ...................... 13,073
Other Assets, less Liabilities 1.8% ............................................ 20,119,699
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Net Assets 100.0% .............................................................. $1,138,099,301
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6 | Quarterly Statement of Investments
TEMPLETON GLOBAL INCOME FUND
STATEMENT OF INVESTMENTS, NOVEMBER 30, 2005 (UNAUDITED) (CONTINUED)
SELECTED PORTFOLIO ABBREVIATIONS
FRN - Floating Rate Note
CURRENCY ABBREVIATIONS
AUD - Australian Dollar
CAD - Canadian Dollar
DKK - Danish Krone
EGP - Egyptian Pound
EUR - Euro
IDR - Indonesian Rupiah
ISK - Iceland Krona
KRW - Korean Won
MYR - Malaysian Ringgit
NOK - Norwegian Krone
NZD New Zealand Dollar
PEN - Peru Nuevo Sol
PLN - Polish Zloty
SEK - Swedish Krona
SGD - Singapore Dollar
SKK - Slovak Koruna
THB - Thai Baht
(a) The coupon shown represents the rate at period end.
(b) The principal amount is stated in original face, and scheduled paydowns
are reflected in the market price on ex-date.
(c) The principal amount is stated in U.S. dollars unless otherwise indicated.
(d) Security was purchased pursuant to Rule 144A under the Securities Act of
1933 and may be sold in transactions exempt from registration only to
qualified institutional buyers or in a public offering registered under
the Securities Act of 1933. These securities have been deemed liquid under
guidelines approved by the Fund's Board of Trustees. At November 30, 2005,
the aggregate value of these securities was $11,937,586, representing
1.05% of net assets.
(e) The security is traded on a discount basis with no stated coupon rate.
(f) The Franklin Institutional Fiduciary Trust Money Market Portfolio in
managed by the Fund's investment manager.
(g) Amount rounds to less than 0.05% of net assets.
Quarterly Statement of Investments | See Notes to Statement of Investments. | 7
TEMPLETON GLOBAL INCOME FUND
NOTES TO STATEMENT OF INVESTMENTS (UNAUDITED)
Templeton Global Income Fund (the Fund) is registered under the Investment
Company Act of 1940 as a non-diversified closed-end investment company.
1. INCOME TAXES
At November 30, 2005, the cost of investments and net unrealized appreciation
(depreciation) for income tax purposes were as follows:
Cost of investments .................................... $ 1,060,382,273
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Unrealized appreciation ................................ $ 83,359,113
Unrealized depreciation ................................ (25,774,857)
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Net unrealized appreciation (depreciation) ............. $ 57,584,256
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2. FORWARD EXCHANGE CONTRACTS
At November 30, 2005, the Fund had the following forward exchange contracts
outstanding:
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CONTRACT SETTLEMENT UNREALIZED
CONTRACTS TO BUY AMOUNT DATE GAIN (LOSS)
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117,100,000 Thailand Bhat 4,118,599 NZD 11/30/06 $13,073
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UNREALIZED GAIN ON FORWARD EXCHANGE CONTRACTS $13,073
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CURRENCY ABBREVIATIONS
NZD - New Zealand Dollar
For information on the Fund's policy regarding valuation of investments and
other significant accounting policies, please refer to the Fund's most recent
semiannual or annual shareholder report.
8 | Quarterly Statement of Investments
ITEM 2. CONTROLS AND PROCEDURES.
(a) EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES. The Registrant maintains
disclosure controls and procedures that are designed to ensure that information
required to be disclosed in the Registrant's filings under the Securities
Exchange Act of 1934 and the Investment Company Act of 1940 is recorded,
processed, summarized and reported within the periods specified in the rules and
forms of the Securities and Exchange Commission. Such information is accumulated
and communicated to the Registrant's management, including its principal
executive officer and principal financial officer, as appropriate, to allow
timely decisions regarding required disclosure. The Registrant's management,
including the principal executive officer and the principal financial officer,
recognizes that any set of controls and procedures, no matter how well designed
and operated, can provide only reasonable assurance of achieving the desired
control objectives.
Within 90 days prior to the filing date of this Quarterly Schedule of Portfolio
Holdings on Form N-Q, the Registrant had carried out an evaluation, under the
supervision and with the participation of the Registrant's management, including
the Registrant's principal executive officer and the Registrant's principal
financial officer, of the effectiveness of the design and operation of the
Registrant's disclosure controls and procedures. Based on such evaluation, the
Registrant's principal executive officer and principal financial officer
concluded that the Registrant's disclosure controls and procedures are
effective.
(b) CHANGES IN INTERNAL CONTROLS. There have been no significant changes
in the Registrant's internal controls or in other factors that could
significantly affect the internal controls subsequent to the date of their
evaluation in connection with the preparation of this Quarterly Schedule of
Portfolio Holdings on Form N-Q.
ITEM 3. EXHIBITS.
(a) Certifications pursuant to Section 30a-2 of the Investment Company Act of
1940 of Jimmy D. Gambill, Chief Executive Officer - Finance and Administration,
and Galen G. Vetter, Chief Financial Officer.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
TEMPLETON GLOBAL INCOME FUND
By /s/JIMMY D. GAMBILL
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Jimmy D. Gambill
Chief Executive Officer -
Finance and Administration
Date January 23, 2006
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By /s/JIMMY D. GAMBILL
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Jimmy D. Gambill
Chief Executive Officer -
Finance and Administration
Date January 23, 2006
By /s/GALEN G. VETTER
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Galen G. Vetter
Chief Financial Officer
Date January 23, 2006