FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-05459 Templeton Global Income Fund ---------------------------------------------------- (Exact name of registrant as specified in charter) 500 East Broward Blvd., Suite 2100, Fort Lauderdale, FL 33394-3091 ---------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Craig S. Tyle, One Franklin Parkway, San Mateo, CA 94403-1906 --------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: 954/527-7500 -------------- Date of fiscal year end: 8/31 ----------- Date of reporting period: 11/30/07 --------- Item 1. Schedule of Investments. Templeton Global Income Fund QUARTERLY STATEMENT OF INVESTMENTS NOVEMBER 30, 2007 -------------------------------------------------------------------------------- CONTENTS Statement of Investments ................................................... 3 Notes to Statement of Investments .......................................... 7 [LOGO](R) FRANKLIN TEMPLETON INVESTMENTS Franklin o TEMPLETON o Mutual Series Quarterly Statement of Investments | 1 This page intentionally left blank. Templeton Global Income Fund STATEMENT OF INVESTMENTS, NOVEMBER 30, 2007 (UNAUDITED) ----------------------------------------------------------------------------------------------------------------------------------- PRINCIPAL AMOUNT a VALUE ----------------------------------------------------------------------------------------------------------------------------------- BONDS 81.8% ARGENTINA 2.2% b,c Government of Argentina, FRN, 5.389%, 8/03/12 ................................ 50,200,000 $ 27,350,851 -------------------- AUSTRALIA 3.5% New South Wales Treasury Corp., 8.00%, 3/01/08 ............................... 16,000,000 AUD 14,158,259 Queensland Treasury Corp., 6.00%, 7/14/09 .................................... 33,055,000 AUD 28,749,307 -------------------- 42,907,566 -------------------- BRAZIL 7.0% Nota Do Tesouro Nacional, 9.762%, 1/01/12 ............................................................ 45,635 d BRL 23,515,758 9.762%, 1/01/14 ............................................................ 15,000 d BRL 7,465,920 9.762%, 1/01/17 ............................................................ 54,900 d BRL 26,213,689 e Index Linked, 6.00%, 5/15/15 ............................................... 9,400 d BRL 8,127,361 e Index Linked, 6.00%, 5/15/45 ............................................... 23,625 d BRL 20,508,742 -------------------- 85,831,470 -------------------- CANADA 6.1% Province of British Columbia, 6.00%, 6/09/08 ................................. 7,000,000 CAD 7,067,842 Province of Alberta, 5.00%, 12/16/08 ......................................... 34,040,000 CAD 34,369,303 Province of Manitoba, 6.375%, 9/01/15 ........................................ 14,800,000 NZD 10,458,894 Province of Ontario, 3.875%, 3/08/08 ............................................................ 6,800,000 CAD 6,795,135 5.70%, 12/01/08 ............................................................ 9,900,000 CAD 10,055,085 6.25%, 6/16/15 ............................................................. 8,460,000 NZD 5,902,682 -------------------- 74,648,941 -------------------- GERMANY 4.8% b KfW Bankengruppe, FRN, 0.658%, 8/08/11 ....................................... 6,600,000,000 JPY 59,398,101 -------------------- INDONESIA 6.1% Government of Indonesia, 14.25%, 6/15/13 ............................................................ 84,050,000,000 IDR 10,764,141 14.275%, 12/15/13 .......................................................... 81,836,000,000 IDR 10,524,265 9.50%, 6/15/15 ............................................................. 33,050,000,000 IDR 3,414,531 10.75%, 5/15/16 ............................................................ 82,245,000,000 IDR 9,036,620 11.50%, 9/15/19 ............................................................ 23,000,000,000 IDR 2,590,554 11.00%, 11/15/20 ........................................................... 359,100,000,000 IDR 38,824,887 -------------------- 75,154,998 -------------------- IRAQ 1.0% f Government of Iraq, Reg S, 5.80%, 1/15/28 .................................... 20,050,000 12,857,062 -------------------- MALAYSIA 6.4% Government of Malaysia, 8.60%, 12/01/07 ............................................................ 14,085,000 MYR 4,186,358 3.135%, 12/17/07 ........................................................... 2,925,000 MYR 869,208 6.45%, 7/01/08 ............................................................. 19,510,000 MYR 5,892,179 3.917%, 9/30/08 ............................................................ 600,000 MYR 178,606 4.305%, 2/27/09 ............................................................ 75,200,000 MYR 22,541,661 7.00%, 3/15/09 ............................................................. 100,460,000 MYR 31,123,580 6.844%, 10/01/09 ........................................................... 5,900,000 MYR 1,853,892 3.756%, 4/28/11 ............................................................ 37,975,000 MYR 11,331,150 -------------------- 77,976,634 -------------------- Quarterly Statement of Investments | 3 Templeton Global Income Fund STATEMENT OF INVESTMENTS, NOVEMBER 30, 2007 (UNAUDITED) (CONTINUED) ----------------------------------------------------------------------------------------------------------------------------------- PRINCIPAL AMOUNT a VALUE ----------------------------------------------------------------------------------------------------------------------------------- BONDS (CONTINUED) MEXICO 3.6% Government of Mexico, 8.00%, 12/17/15 ............................................................ 305,000 g MXN $ 2,805,371 10.00%, 12/05/24 ........................................................... 3,837,000 g MXN 41,700,824 -------------------- 44,506,195 -------------------- NEW ZEALAND 1.1% Government of New Zealand, 6.00%, 11/15/11 ................................... 18,273,000 NZD 13,437,934 -------------------- NORWAY 1.7% Government of Norway, 5.50%, 5/15/09 ......................................... 111,630,000 NOK 20,304,258 -------------------- PERU 3.6% Government of Peru, 7.84%, 8/12/20 ............................................................. 47,200,000 PEN 17,810,004 Series 7, 8.60%, 8/12/17 ................................................... 61,545,000 PEN 23,962,921 Peru Bond Soberano, 9.91%, 5/05/15 ........................................... 6,500,000 PEN 2,648,445 -------------------- 44,421,370 -------------------- PHILIPPINES 0.1% f Government of the Philippines, Reg S, 9.125%, 2/22/10 ........................ 770,000 EUR 1,204,163 -------------------- POLAND 4.9% Government of Poland, 6.00%, 5/24/09 ............................................................. 57,500,000 PLN 23,313,329 5.75%, 9/23/22 ............................................................. 90,500,000 PLN 36,928,667 -------------------- 60,241,996 -------------------- SINGAPORE 2.6% Government of Singapore, 1.50%, 4/01/08 ............................................................. 2,400,000 SGD 1,655,341 5.625%, 7/01/08 ............................................................ 20,110,000 SGD 14,175,331 4.375%, 1/15/09 ............................................................ 22,720,000 SGD 16,094,077 -------------------- 31,924,749 -------------------- SOUTH KOREA 9.2% Korea Treasury Bond, 4.25%, 9/10/08 ............................................................. 9,945,550,000 KRW 10,702,709 h 4.75%, 3/10/12 ............................................................. 4,074,000,000 KRW 4,237,420 h 5.25%, 9/10/12 ............................................................. 20,446,000,000 KRW 21,672,183 h 5.00%, 9/10/16 ............................................................. 1,746,000,000 KRW 1,802,674 h 5.50%, 9/10/17 ............................................................. 60,726,600,000 KRW 64,843,602 h 5.25%, 3/10/27 ............................................................. 9,095,000,000 KRW 9,300,864 -------------------- 112,559,452 -------------------- i SUPRANATIONAL 7.2% European Bank For Reconstruction & Development, senior note, 5.10%, 6/12/09 .. 125,000,000 PLN 50,458,120 b European Investment Bank, senior note, FRN, 0.781%, 9/21/11. ................. 2,000,000,000 JPY 17,993,146 Inter-American Development Bank, 6.00%, 12/15/17 ............................................................ 6,000,000 NZD 4,177,320 senior note, 7.50%, 12/05/24 ............................................... 185,000,000 MXN 15,526,006 -------------------- 88,154,592 -------------------- 4 | Quarterly Statement of Investments Templeton Global Income Fund STATEMENT OF INVESTMENTS, NOVEMBER 30, 2007 (UNAUDITED) (CONTINUED) ----------------------------------------------------------------------------------------------------------------------------------- PRINCIPAL AMOUNT a VALUE ----------------------------------------------------------------------------------------------------------------------------------- BONDS (CONTINUED) SWEDEN 10.2% Government of Sweden, 6.50%, 5/05/08 ............................................................. 184,600,000 SEK $ 29,173,834 5.00%, 1/28/09 ............................................................. 488,700,000 SEK 77,340,331 j Strip, 12/19/07 ............................................................ 31,580,000 SEK 4,935,784 j Strip, 9/17/08 ............................................................. 91,000,000 SEK 13,807,206 -------------------- 125,257,155 -------------------- UNITED STATES 0.5% FNMA, 1.75%, 3/26/08 ......................................................... 660,000,000 JPY 5,952,081 -------------------- TOTAL BONDS (COST $931,327,960) .............................................. 1,004,089,568 -------------------- SHORT TERM INVESTMENTS 14.2% FOREIGN GOVERNMENT AND AGENCY SECURITIES 14.2% EGYPT 3.5% j Egypt Treasury Bills, 1/08/08 - 11/18/08 ..................................... 245,100,000 EGP 42,449,051 -------------------- MALAYSIA 5.5% Government of Malaysia, 3.546%, 1/11/08 ............................................................ 11,630,000 MYR 3,456,850 3.569%, 2/14/08 ............................................................ 17,190,000 MYR 5,112,294 7.60%, 3/15/08 ............................................................. 1,540,000 MYR 462,867 3.17%, 5/15/08 ............................................................. 47,720,000 MYR 14,156,621 3.562%, 7/15/08 ............................................................ 7,435,000 MYR 2,211,385 j Malaysia Treasury Bill, 12/21/07 ............................................. 59,785,000 MYR 17,733,853 j Malaysia Treasury Bills, 12/06/07 - 6/06/08 .................................. 84,335,000 MYR 24,943,741 -------------------- 68,077,611 -------------------- NORWAY 4.1% j Norway Treasury Bill, 12/19/07 ............................................... 241,755,000 NOK 43,495,720 j Norway Treasury Bills, 3/19/08 - 9/17/08 ..................................... 37,680,000 NOK 6,662,361 -------------------- 50,158,081 -------------------- SWEDEN 1.1% j Government of Sweden, Strip, 6/18/08 ......................................... 91,000,000 SEK 13,941,120 -------------------- TOTAL FOREIGN GOVERNMENT AND AGENCY SECURITIES (COST $165,376,788) ........... 174,625,863 -------------------- TOTAL INVESTMENTS BEFORE MONEY MARKET FUND (COST $1,096,704,748) ............. 1,178,715,431 -------------------- --------------- SHARES --------------- MONEY MARKET FUND (COST $111,665) UNITED STATES k Franklin Institutional Fiduciary Money Market Portfolio, 4.61% ............... 111,665 111,665 -------------------- TOTAL SHORT TERM INVESTMENTS (COST $165,488,453) ............................. 174,737,528 -------------------- Quarterly Statement of Investments | 5 Templeton Global Income Fund STATEMENT OF INVESTMENTS, NOVEMBER 30, 2007 (UNAUDITED) (CONTINUED) ----------------------------------------------------------------------------------------------------------------------------------- VALUE ----------------------------------------------------------------------------------------------------------------------------------- TOTAL INVESTMENTS (COST $1,096,816,413) 96.0% ................................ $ 1,178,827,096 NET UNREALIZED GAIN ON FORWARD EXCHANGE CONTRACTS 0.3% ....................... 3,327,497 OTHER ASSETS, LESS LIABILITIES 3.7% .......................................... 48,470,037 -------------------- NET ASSETS 100.0% ............................................................ $ 1,230,624,630 ==================== CURRENCY ABBREVIATIONS AUD - Australian Dollar BRL - Brazilian Real CAD - Canadian Dollar EGP - Egyptian Pound EUR - Euro IDR - Indonesian Rupiah JPY - Japanese Yen KRW - South Korean Won MXN - Mexican Peso MYR - Malaysian Ringgit NOK - Norwegian Krone NZD - New Zealand Dollar PEN - Peruvian Nuevo Sol PLN - Polish Zloty SEK - Swedish Krona SGD - Singapore Dollar SELECTED PORTFOLIO ABBREVIATIONS FNMA - Federal National Mortgage Association FRN - Floating Rate Note a The principal amount is stated in U.S. dollars unless otherwise indicated. b The coupon rate shown represents the rate at period end. c The principal amount is stated in original face, and scheduled paydowns are reflected in the market price on ex-date. d Principal amount is stated in 1,000 Brazilian Real Units. e Redemption price at maturity is adjusted for inflation. f Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. These securities have been deemed liquid under guidelines approved by the Fund's Board of Trustees. At November 30, 2007, the aggregate value of these securities was $14,061,225, representing 1.14% of net assets. g Principal amount is stated in 100 Mexican Peso Units. h A portion or all of the security purchased on a when-issued or delayed delivery basis. i A supranational organization is an entity formed by two or more central governments through international treaties. j The security is traded on a discount basis with no stated coupon rate. k The Franklin Institutional Fiduciary Trust Money Market Portfolio is managed by the Fund's investment manager. The rate shown is the annualized seven-day yield at period end. 6 | See Notes to Statement of Investments. | Quarterly Statement of Investments Templeton Global Income Fund NOTES TO STATEMENT OF INVESTMENTS (UNAUDITED) 1. ORGANIZATION Templeton Global Income Fund (Fund) is registered under the Investment Company Act of 1940, as amended, as a non-diversified, closed-end investment company. 2. SECURITY VALUATION Securities listed on a securities exchange or on the NASDAQ National Market System are valued at the last quoted sale price or the official closing price of the day, respectively. Over-the-counter securities and listed securities for which there is no reported sale are valued within the range of the most recent quoted bid and ask prices. Securities that trade in multiple markets or on multiple exchanges are valued according to the broadest and most representative market. Investments in open-end mutual funds are valued at the closing net asset value. Corporate debt securities and government securities generally trade in the over-the-counter market rather than on a securities exchange. The Fund may utilize independent pricing services, quotations from bond dealers, and information with respect to bond and note transactions, to assist in determining a current market value for each security. The Fund's pricing services may use valuation models or matrix pricing which considers information with respect to comparable bond and note transactions, quotations from bond dealers, or by reference to other securities that are considered comparable in such characteristics as rating, interest rate and maturity date, option adjusted spread models, prepayment projections, interest rate spreads and yield curves, to determine current value. The Fund has procedures to determine the fair value of individual securities and other assets for which market prices are not readily available or which may not be reliably priced. Methods for valuing these securities may include: fundamental analysis, matrix pricing, discounts from market prices of similar securities, or discounts applied due to the nature and duration of restrictions on the disposition of the securities. Due to the inherent uncertainty of valuations of such securities, the fair values may differ significantly from the values that would have been used had a ready market for such investments existed. Occasionally, events occur between the time at which trading in a security is completed and the close of the NYSE that might call into question the availability (including the reliability) of the value of a portfolio security held by the Fund. The investment manager monitors price movements following the close of trading in foreign stock markets through a series of country specific market proxies (such as baskets of American Depository Receipts, futures contracts and exchange traded funds). These price movements are measured against established trigger thresholds for each specific market proxy to assist in determining if an event has occurred. If such an event occurs, the securities may be valued using fair value procedures, which may include the use of independent pricing services. All security valuation procedures are approved by the Fund's Board of Trustees. Quarterly Statement of Investments | 7 Templeton Global Income Fund NOTES TO STATEMENT OF INVESTMENTS (UNAUDITED) (CONTINUED) 3. INCOME TAXES At November 30, 2007, the cost of investments and net unrealized appreciation (depreciation) for income tax purposes were as follows: Cost of investments ...................................... $ 1,103,801,202 ---------------- Unrealized appreciation .................................. $ 81,286,822 Unrealized depreciation .................................. (6,260,928) ---------------- Net unrealized appreciation (depreciation) ............... $ 75,025,894 ================ 4. FORWARD EXCHANGE CONTRACTS At November 30, 2007, the Fund had the following forward exchange contracts outstanding: -------------------------------------------------------- CONTRACT SETTLEMENT UNREALIZED UNREALIZED AMOUNT a DATE GAIN LOSS -------------------------------------------------------- CONTRACTS TO BUY 543,250,000 Japanese Yen ........... 4,793,439 12/05/07 $ 96,152 $ -- 5,394,000 Romania Leu-New ........ 1,579,132 EUR 12/27/07 -- (56,651) 1,509,000,000 Icelandic Krona ........ 23,457,174 12/27/07 1,003,880 -- 1,056,356,000 Kazakhstan Tenge ....... 8,680,000 1/16/08 -- (19,226) 971,600,000 Kazakhstan Tenge ....... 8,000,000 1/18/08 -- (38,535) 974,400,000 Kazakhstan Tenge ....... 8,000,000 1/18/08 -- (15,591) 128,800,000 Japanese Yen ........... 1,121,639 1/22/08 44,645 -- 832,775,000 Indian Rupee ........... 27,864,122 NZD 2/29/08 -- (54,193) 345,000,000 Japanese Yen ........... 2,925,960 6/30/08 245,784 -- 1,350,000,000 Japanese Yen ........... 11,589,475 7/18/08 839,774 -- 323,100,600 Japanese Yen ........... 2,900,000 8/20/08 82,704 -- 324,191,000 Japanese Yen ........... 2,900,000 8/20/08 92,770 -- 321,024,200 Japanese Yen ........... 2,900,000 8/25/08 64,738 -- 223,340,000 Japanese Yen ........... 2,010,261 9/04/08 53,801 -- 225,000,000 Indian Rupee ........... 7,816,843 NZD 9/24/08 -- (107,740) 269,022,200 Japanese Yen ........... 2,440,000 9/25/08 49,894 -- 269,205,200 Japanese Yen ........... 2,440,000 9/25/08 51,587 -- 268,620,450 Japanese Yen ........... 2,415,000 9/26/08 71,349 -- 534,994,950 Japanese Yen ........... 4,830,000 9/26/08 121,909 -- 779,666,250 Kazakhstan Tenge ....... 6,150,000 10/10/08 -- (117,999) 157,421,875 Chilean Peso ........... 312,500 10/20/08 -- (3,201) 157,453,125 Chilean Peso ........... 312,500 10/20/08 -- (3,139) 12,800,000 Swiss Franc ............ 11,047,626 10/20/08 427,857 -- 141,373,750 Chilean Peso ........... 280,000 10/22/08 -- (2,245) 252,100,000 Chilean Peso ........... 500,000 10/23/08 -- (4,715) 8,627,250 Swiss Franc ............ 7,500,000 10/23/08 235,164 -- 3,580,438 Swiss Franc ............ 3,100,000 10/24/08 110,298 -- 3,571,898 Swiss Franc ............ 3,100,000 10/27/08 102,907 -- 412,800,000 Kazakhstan Tenge ....... 3,225,000 11/03/08 -- (46,396) 7,188,615 Swiss Franc ............ 6,300,000 11/03/08 147,258 -- 1,730,664,000 Japanese Yen ........... 15,600,000 11/04/08 462,758 -- 10,600,000 Swiss Franc ............ 9,591,241 11/06/08 -- (83,619) 8 | Quarterly Statement of Investments Templeton Global Income Fund NOTES TO STATEMENT OF INVESTMENTS (UNAUDITED) (CONTINUED) 4. FORWARD EXCHANGE CONTRACTS (CONTINUED) ------------------------------------------------------------- CONTRACT SETTLEMENT UNREALIZED UNREALIZED AMOUNT a DATE GAIN LOSS ------------------------------------------------------------- CONTRACTS TO BUY (CONTINUED) 1,950,000,000 Japanese Yen ........... 17,934,333 11/13/08 $ 175,554 $ -- 1,508,082,050 Japanese Yen ........... 14,224,505 11/14/08 -- (217,783) 4,310,000 Euro ................... 15,630,215 RON 12/04/08 -- (52,952) 5,170,000 Euro ................... 19,103,150 RON 12/03/08 -- (207,880) CONTRACTS TO SELL 2,470,410 Euro ................... 371,846,113 JPY 12/06/07 -- (268,063) 5,394,000 Romanian Leu-New ....... 1,642,259 EUR 12/27/07 149,081 -- 30,997,821 Mexican Peso ........... 124,614,340 INR 1/22/08 316,068 -- 65,279,583 Mexican Peso ........... 258,415,756 INR 2/28/08 576,275 -- 65,781,104 Mexican Peso ........... 261,052,311 INR 3/03/08 598,517 -- 16,563,648 New Zealand Dollar ..... 527,883,468 INR 4/28/08 860,630 -- 52,217,395 Mexican Peso ........... 2,423,304,878 CLP 5/16/08 54,745 -- 36,225,716 Mexican Peso ........... 1,661,717,052 CLP 5/20/08 690 -- 50,000,000 Mexican Peso ........... 188,725,000 INR 5/21/08 231,156 -- 70,037,979 Mexican Peso ........... 760,290,277 KZT 5/27/08 -- (286,133) 60,216,771 Mexican Peso ........... 652,292,150 KZT 5/29/08 -- (258,135) 29,507,162 Mexican Peso ........... 1,353,641,068 CLP 6/12/08 5,856 -- 67,219,636 Mexican Peso ........... 12,067,941,262 COP 6/27/08 -- (345,540) 11,063,812 Mexican Peso ........... 503,071,544 CLP 9/15/08 1,386 -- 67,519,638 Mexican Peso ........... 3,085,053,304 CLP 10/01/08 46,417 -- 67,232,921 Mexican Peso ........... 3,061,511,579 CLP 10/02/08 26,229 -- 3,844,304,900 South Korean Won ....... 4,665,135 CHF 11/13/08 -- (40,553) 29,900,000 Romanian Leu-New ....... 66,311,821 NOK 11/17/08 -- (354,102) 5,536,655,000 South Korean Won ....... 6,832,087 CHF 11/17/08 43,670 -- 12,603,780,000 South Korean Won ....... 14,870,489 CHF 11/25/08 -- (510,694) 11,195,520,000 South Korean Won ....... 13,192,619 CHF 11/25/08 -- (468,300) 4,455,360,000 South Korean Won ....... 5,302,801 CHF 11/26/08 -- (139,001) 8,535,495,600 South Korean Won ....... 10,133,076 CHF 11/28/08 -- (289,220) 3,394,922,400 South Korean Won ....... 4,074,754 CHF 11/28/08 -- (75,400) -------------------------- UNREALIZED GAIN (LOSS) ON FORWARD EXCHANGE CONTRACTS ..................... 7,391,503 (4,067,006) -------------------------- NET UNREALIZED GAIN ON FORWARD EXCHANGE CONTRACTS ..................... $ 3,324,497 ============ a In U.S. Dollar unless otherwise indicated. CURRENCY ABBREVIATIONS CHF - Swiss Franc CLP - Chilean Peso COP - Colombian Peso EUR - Euro INR - Indian Rupee JPY - Japanese Yen KZT - Kazakhstan Tenge NOK - Norwegian Krone NZD - New Zealand Dollar RON - Romanian Leu-New Quarterly Statement of Investments | 9 Templeton Global Income Fund NOTES TO STATEMENT OF INVESTMENTS (UNAUDITED) (CONTINUED) 5. NEW ACCOUNTING PRONOUNCEMENT In September 2006, the Financial Accounting Standards Board (FASB) issued FASB Statement No. 157, "Fair Value Measurement" (SFAS 157), which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. SFAS 157 is effective for fiscal years beginning after November 15, 2007, and interim periods within those fiscal years. The Fund believes the adoption of SFAS 157 will have no material impact on its financial statements. For information on the Fund's policy regarding other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. 10 | 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) Certification pursuant to Section 30a-2 under 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 ----------------------- Jimmy D. Gambill Chief Executive Officer - Finance and Administration Date January 25, 2008 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 ----------------------- Jimmy D. Gambill Chief Executive Officer - Finance and Administration Date January 25, 2008 By /s/GALEN G. VETTER ----------------------- Galen G. Vetter Chief Financial Officer Date January 25, 2008