n-qgimpe053110.htm - Generated by SEC Publisher for SEC Filing

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: _05/31/10_

Item 1. Schedule of Investments.

Templeton Global Income Fund

Statement of Investments, May 31, 2010 (unaudited)


	Principal
	Amount^a				Value

Bonds 86.1%
Argentina 2.6%
^b,cGovernment of Argentina, senior bond, FRN, 0.389%, 8/03/12		98,977,000			$	32,617,871


Australia 7.0%
New South Wales Treasury Corp.,
6.00%, 5/01/12		10,565,000		AUD		9,112,576
senior note, 5.50%, 3/01/17		36,971,000		AUD		30,971,212
Queensland Treasury Corp.,
13, 6.00%, 8/14/13		41,536,000		AUD		35,952,392
17, 6.00%, 9/14/17		12,395,000		AUD		10,652,738
^d144A, 7.125%, 9/18/17		1,845,000		NZD		1,333,340

						88,022,258


Brazil 7.3%
Nota Do Tesouro Nacional,
10.00%, 1/01/12		23,075	^e	BRL		12,304,889
10.00%, 1/01/14		15,000	^e	BRL		7,698,462
10.00%, 1/01/17		54,900	^e	BRL		26,978,962
^fIndex Linked, 6.00%, 5/15/15		20,140	^e	BRL		20,578,986
^fIndex Linked, 6.00%, 5/15/45		23,625	^e	BRL		23,577,770

						91,139,069


Canada 0.4%
Province of Manitoba, 6.375%, 9/01/15		7,525,000		NZD		5,247,539


Hungary 2.3%
Government of Hungary,
3.50%, 7/18/16		905,000		EUR		1,048,911
4.375%, 7/04/17		4,435,000		EUR		5,321,292
5.75%, 6/11/18		12,690,000		EUR		16,304,861
6.25%, 1/29/20		3,535,000				3,579,187
senior note, 3.875%, 2/24/20		2,700,000		EUR		3,055,541

						29,309,792


India 0.7%
Export-Import Bank of India, N-01, 5.90%, 5/07/13		200,000,000		INR		4,316,618
National Bank for Agriculture & Rural Development, 11B, 5.82%, 5/05/13		200,000,000		INR		4,315,756

						8,632,374


Indonesia 10.7%
Government of Indonesia,
FR19, 14.25%, 6/15/13		84,050,000,000		IDR		10,670,946
FR20, 14.275%, 12/15/13		81,836,000,000		IDR		10,524,805
FR26, 11.00%, 10/15/14		3,500,000,000		IDR		415,633
FR27, 9.50%, 6/15/15		34,890,000,000		IDR		3,948,774
FR30, 10.75%, 5/15/16		87,035,000,000		IDR		10,395,765
FR31, 11.00%, 11/15/20		335,739,000,000		IDR		41,650,068
FR34, 12.80%, 6/15/21		59,666,000,000		IDR		8,184,958
FR35, 12.90%, 6/15/22		32,530,000,000		IDR		4,444,554
FR36, 11.50%, 9/15/19		23,000,000,000		IDR		2,912,513
FR42, 10.25%, 7/15/27		25,430,000,000		IDR		2,850,512
FR43, 10.25%, 7/15/22		8,450,000,000		IDR		977,092
FR46, 9.50%, 7/15/23		41,250,000,000		IDR		4,524,486
FR47, 10.00%, 2/15/28		52,895,000,000		IDR		5,766,862
FR48, 9.00%, 9/15/18		18,520,000,000		IDR		2,040,936
^dsenior bond, 144A, 8.50%, 10/12/35		8,462,000				10,490,613
^dsenior bond, 144A, 6.625%, 2/17/37		2,090,000				2,132,235
^dsenior bond, 144A, 7.75%, 1/17/38		10,360,000				11,862,200

						133,792,952


Lithuania 2.0%
^dGovernment of Lithuania, 144A,
6.75%, 1/15/15		15,000,000				15,712,500

Quarterly Statement of Investments See Notes to Statements of Investments.

Templeton Global Income Fund

Statement of Investments, May 31, 2010 (unaudited) (continued)


	Principal
	Amount^a				Value

7.375%, 2/11/20		8,825,000			$	9,266,250

						24,978,750


Mexico 4.7%
Government of Mexico,
M 20, 8.00%, 12/07/23		2,727,000	^g	MXN		21,811,983
M 20, 10.00%, 12/05/24		15,000	^g	MXN		140,726
M 20, 7.50%, 6/03/27		3,058,000	^g	MXN		23,040,107
senior bond, 5.95%, 3/19/19		13,260,000				14,336,049

						59,328,865


Norway 1.2%
Government of Norway, 6.00%, 5/16/11		96,190,000		NOK		15,453,629


Peru 3.3%
Government of Peru,
9.91%, 5/05/15		6,500,000		PEN		2,775,265
7.84%, 8/12/20		32,200,000		PEN		12,670,887
Series 7, 8.60%, 8/12/17		61,545,000		PEN		25,222,399

						40,668,551


Poland 7.7%
Government of Poland,
4.75%, 4/25/12		27,930,000		PLN		8,488,723
5.75%, 4/25/14		147,355,000		PLN		45,563,055
6.25%, 10/24/15		19,335,000		PLN		6,078,154
5.75%, 9/23/22		60,500,000		PLN		18,104,896
senior note, 6.375%, 7/15/19		17,000,000				18,564,578

						96,799,406


Qatar 0.9%
^dGovernment of Qatar, senior note, 144A, 6.55%, 4/09/19		10,450,000				11,654,363


Russia 4.5%
^dGovernment of Russia, 144A, 7.50%, 3/31/30		50,446,360				56,388,905


South Africa 2.5%
Government of South Africa,
5.25%, 5/16/13		3,330,000		EUR		4,373,973
4.50%, 4/05/16		1,829,000		EUR		2,305,314
6.875%, 5/27/19		18,620,000				20,877,675
senior note, 6.50%, 6/02/14		775,000				852,237
senior note, 5.875%, 5/30/22		3,355,000				3,428,391

						31,837,590

South Korea 14.7%
The Export-Import Bank of Korea, 4.625%, 2/20/17		205,000		EUR		261,021
Government of Korea, senior bond, 5.625%, 11/03/25		620,000				644,135
Korea Deposit Insurance Corp.,
07-1, 5.57%, 9/14/12		7,200,000,000		KRW		6,184,335
08-1, 5.28%, 2/15/13		1,232,000,000		KRW		1,051,961
Korea Treasury Bond,
0400-1206, 4.00%, 6/10/12		76,268,710,000		KRW		64,018,384
0475-1112, 4.75%, 12/10/11		69,639,880,000		KRW		59,148,611
0475-1203, 4.75%, 3/10/12		15,946,000,000		KRW		13,541,941
0525-1303, 5.25%, 3/10/13		1,866,530,000		KRW		1,615,745
0525-1509, 5.25%, 9/10/15		4,000,000,000		KRW		3,442,434
0550-1106, 5.50%, 6/10/11		19,068,600,000		KRW		16,283,715
senior note, 7.125%, 4/16/19		15,880,000				18,768,366

						184,960,648


Sri Lanka 2.1%
Government of Sri Lanka, A,
12.00%, 7/15/11		94,150,000		LKR		850,729
8.50%, 1/15/13		567,300,000		LKR		4,856,756
13.50%, 2/01/13		550,800,000		LKR		5,275,033

Templeton Global Income Fund

Statement of Investments, May 31, 2010 (unaudited) (continued)


	Principal
	Amount^a			Value

11.25%, 7/15/14		585,500,000	LKR	$	5,384,213
11.00%, 8/01/15		1,103,400,000	LKR		10,089,163

					26,455,894


^hSupranational 3.4%
Corporacion Andina De Fomento, 8.125%, 6/04/19		8,640,000			10,568,431
European Investment Bank, senior note, 4.50%, 5/15/13		113,650,000	NOK		18,350,743
Inter-American Development Bank, senior note, 7.50%, 12/05/24		185,000,000	MXN		13,747,587

					42,666,761


Sweden 3.9%
Government of Sweden, 5.25%, 3/15/11		372,575,000	SEK		49,300,914


United Arab Emirates 0.9%
^dEmirate of Abu Dhabi, 144A, 6.75%, 4/08/19		10,260,000			11,629,885


Venezuela 2.5%
Government of Venezuela,
10.75%, 9/19/13		6,155,000			5,335,806
ⁱsenior bond, Reg S, 5.375%, 8/07/10		19,905,000			19,681,069
Petroleos de Venezuela SA, senior bond, zero cpn., 7/10/11		7,600,000			6,562,125

					31,579,000


Vietnam 0.8%
^dGovernment of Vietnam, 144A, 6.75%, 1/29/20		9,270,000			9,524,925


Total Bonds (Cost $971,485,998)					1,081,989,941


Municipal Bonds 3.3%
United States and U.S. Territories 3.3%
Alabama State University Revenue, General Tuition and Fee, Assured Guaranty,
5.00%, 9/01/29		5,000			5,276
5.75%, 9/01/39		5,000			5,484
Bay Area Toll Authority Toll Bridge Revenue, San Francisco Bay Area, Refunding, Series F-1,
5.00%, 4/01/39		605,000			621,117
Bexar County Hospital District GO, Certificates of Obligation, 5.00%, 2/15/32		805,000			824,578
Bexar County Revenue, Venue Project, Refunding, Series A, BHAC Insured, 5.25%, 8/15/47		730,000			753,995
California State GO,
Refunding, 5.125%, 4/01/33		500,000			498,295
Refunding, 5.00%, 4/01/38		205,000			199,285
Various Purpose, 6.00%, 4/01/38		20,130,000			21,744,829
Illinois Municipal Electricity Agency Power Supply Revenue, Series A, BHAC Insured, 5.00%, 2/01/35		1,085,000			1,103,987
Kentucky State Municipal Power Agency Power System Revenue, Prairie State Project, Series A, BHAC Insured, 5.25%, 9/01/42		2,395,000			2,498,799
Lewisville ISD, GO, School Building, 5.00%, 8/15/26		545,000			598,116
Los Angeles USD, GO, Series KRY, 5.25%, 7/01/26		350,000			382,036
Minneapolis Health Care System Revenue, Fairview Health Services, Series B, Assured Guaranty, 6.50%, 11/15/38		1,670,000			1,881,622
MTA Revenue,
Series B, Assured Guaranty, 5.25%, 11/15/20		430,000			490,927
Transportation, Series A, AGMC Insured, 5.5%, 11/15/21		410,000			480,458
North Carolina Eastern Municipal Power Agency Power System Revenue, Refunding, Series A, Assured Guaranty, 5.25%, 1/01/19		250,000			276,090
Palomar Pomerado Health GO, Election of 2004, Series A, NATL Insured, 5.125%, 8/01/37		2,080,000			2,036,549
Philadelphia GO, Refunding, Series A, Assured Guaranty, 5.00%, 8/01/24		50,000			52,702
Placentia-Yorba Linda USD, GO, 2008 Election, Series A, 5.25%, 8/01/32		2,400,000			2,495,064
Poway USD, GO, Election of 2008, ID 07-1-A, zero cpn.,
8/01/27		705,000			270,981
8/01/30		705,000			220,023
8/01/32		885,000			235,702
8/01/33		470,000			116,602
San Bernardino Community College District GO, Election of 2002, Series A,
6.375%, 8/01/26		400,000			469,216
6.50%, 8/01/27		580,000			684,504

Templeton Global Income Fund

Statement of Investments, May 31, 2010 (unaudited) (continued)


	Principal
	Amount^a			Value

6.50%, 8/01/28		240,000		$	281,959
San Mateo County Community College District GO, Election of 2001, Series C, NATL Insured, zero cpn.,
9/01/30		1,705,000			545,412
3/01/31		465,000			142,309
Tarrant County Cultural Education Facilities Finance Corp. Revenue, Christus Health, Refunding, Series A, Assured Guaranty, 6.25%, 7/01/28		1,400,000			1,563,198


Total Municipal Bonds (Cost $37,847,499)					41,479,115


Total Investments before Short Term Investments (Cost $1,009,333,497)					1,123,469,056


Short Term Investments 4.1%
Foreign Government and Agency Securities 2.0%
Egypt 1.0%
^jEgypt Treasury Bills, 8/03/10 – 3/08/11		73,400,000	EGP		12,227,618


Israel 1.0%
^jIsrael Treasury Bill, 1/05/11		50,000,000	ILS		12,754,773


Total Foreign Government and Agency Securities (Cost $25,799,043)					24,982,391


Total Investments before Money Market Funds (Cost $1,035,132,540)					1,148,451,447


	Shares

Money Market Funds (Cost $26,701,108) 2.1%
United States 2.1%
^kInstitutional Fiduciary Trust Money Market Portfolio, 0.00%		26,701,108		26,701,108


Total Investments (Cost $1,061,833,648) 93.5%				1,175,152,555
Other Assets, less Liabilities 6.5%				80,586,437

Net Assets 100.0%			$	1,255,738,992


^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		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 May 31, 2010, the aggregate value of these securities was $139,995,216, representing 11.14% of net assets.

^e		Principal amount is stated in 1,000 Brazilian Real Units.

^f		Redemption price at maturity is adjusted for inflation.

^g		Principal amount is stated in 100 Mexican Peso Units.

^h		A supranational organization is an entity formed by two or more central governments through international treaties.

ⁱ		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. This security has been deemed liquid under guidelines approved by the Fund’s Board of Trustees. At May 31, 2010, the value of this security was $19,681,069, representing 1.57% of net assets.

^j		The security is traded on a discount basis with no stated coupon rate.

^k		The 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.

Templeton Global Income Fund

Statement of Investments, May 31, 2010 (unaudited) (continued)

At May 31, 2010, the Fund had the following forward exchange contracts outstanding. See Note 3.


					Contract			Settlement		Unrealized		Unrealized
Currency	Counterparty	Type	Quanity		amount^a			date		Appreciation		Depriciation

Chilean Peso	CITI	Sell		186,070,000		343,620			6/01/10	$	—	$	(7,290	)
Chilean Peso	CITI	Buy		186,070,000		330,204			6/01/10		20,706		—
Indian Rupee	DBAB	Sell		150,389,000		3,231,392			6/01/10		—		(11,844	)
Indian Rupee	DBAB	Buy		150,389,000		3,064,223			6/01/10		179,013		—
New Zealand Dollar	UBSW	Buy		6,140,000		4,270,247			6/01/10		—		(96,884	)
New Zealand Dollar	UBSW	Buy		4,544,383		3,015,471			6/01/10		73,351		—
New Zealand Dollar	CITI	Buy		6,044,416		4,007,146			6/01/10		101,250		—
New Zealand Dollar	DBAB	Buy		10,620,020		7,132,618			6/01/10		85,820		—
New Zealand Dollar	CITI	Sell		6,044,416		4,215,255			6/01/10		106,860		—
New Zealand Dollar	DBAB	Sell		10,620,020		7,417,978			6/01/10		199,540		—
New Zealand Dollar	UBSW	Sell		10,684,383		7,463,896			6/01/10		201,711		—
Indian Rupee	HSBC	Buy		4,458,000		91,918			6/02/10		4,212		—
Indian Rupee	HSBC	Sell		4,458,000		95,974			6/02/10		1,316		—
New Zealand Dollar	BZWS	Buy		8,856,368		6,370,344			6/02/10		—		(351,097	)
New Zealand Dollar	DBAB	Buy		4,580,779		3,076,314			6/02/10		37,021		—
New Zealand Dollar	BZWS	Sell		8,856,368		6,237,363			6/02/10		218,116		—
New Zealand Dollar	FBCO	Sell		1,511,663		1,065,722			6/02/10		38,318		—
New Zealand Dollar	DBAB	Sell		4,580,779		3,232,427			6/02/10		119,092		—
Indian Rupee	HSBC	Buy		22,062,000		459,625			6/03/10		16,053		—
Indian Rupee	HSBC	Buy		147,266,000		3,064,211			6/04/10		110,640		—
Poland Zloty	DBAB	Buy		13,705,000		3,012,684	EUR		6/04/10		426,048		—
Indian Rupee	DBAB	Buy		73,633,000		1,532,106			6/07/10		54,802		—
Poland Zloty	DBAB	Buy		12,965,000		2,824,434	EUR		6/07/10		433,647		—
Indian Rupee	DBAB	Buy		37,141,000		770,560			6/08/10		29,800		—
Indian Rupee	HSBC	Buy		29,570,000		612,850			6/08/10		24,362		—
Poland Zloty	CITI	Buy		5,203,000		1,129,672	EUR		6/08/10		178,592		—
New Zealand Dollar	BZWS	Buy		8,856,368		6,389,427			6/09/10		—		(373,219	)
New Zealand Dollar	BZWS	Sell		8,856,368		6,233,643			6/09/10		217,436		—
Indian Rupee	DBAB	Buy		29,990,000		616,444			6/10/10		29,678		—
Indian Rupee	BZWS	Buy		44,847,000		924,680			6/11/10		41,424		—

Templeton Global Income Fund

Statement of Investments, May 31, 2010 (unaudited) (continued)


					Contract			Settlement		Unrealized		Unrealized
Currency	Counterparty	Type	Quanity		amount^a			date		Appreciation		Depriciation

Indian Rupee	HSBC	Buy		30,052,000		616,451			6/11/10		30,936		—
Indian Rupee	DBAB	Buy		75,068,000		1,541,121			6/16/10		75,133		—
Indian Rupee	DBAB	Buy		68,380,000		1,387,018			6/21/10		84,441		—
Swedish Krona	UBSW	Buy		50,589,000		4,548,225	EUR		6/28/10		878,705		—
Swedish Krona	UBSW	Buy		36,736,000		3,315,224	EUR		6/29/10		622,761		—
Swedish Krona	UBSW	Buy		45,098,000		4,100,526	EUR		7/15/10		726,487		—
Malaysian Ringgit	DBAB	Buy		9,759,000		1,943,056	EUR		7/16/10		593,811		—
Malaysian Ringgit	DBAB	Buy		61,396,000		17,063,924			7/16/10		1,720,840		—
Indian Rupee	CITI	Buy		16,598,000		331,960			7/19/10		24,237		—
Indian Rupee	JPHQ	Buy		16,598,000		331,960			7/20/10		24,204		—
Malaysian Ringgit	DBAB	Buy		96,842,000		27,120,533			7/20/10		2,503,213		—
Malaysian Ringgit	DBAB	Buy		11,019,000		2,189,655	EUR		7/20/10		674,904		—
Malaysian Ringgit	DBAB	Buy		14,167,000		2,815,158	EUR		7/23/10		866,980		—
Malaysian Ringgit	DBAB	Buy		117,760,000		33,256,142			7/23/10		2,760,808		—
Malaysian Ringgit	JPHQ	Buy		123,816,000		34,877,746			7/27/10		2,983,637		—
Malaysian Ringgit	JPHQ	Buy		14,167,000		2,806,402	EUR		7/27/10		876,687		—
Swedish Krona	DBAB	Buy		45,098,000		4,230,780	EUR		7/27/10		565,885		—
Malaysian Ringgit	HSBC	Buy		1,687,000		478,405			7/30/10		37,379		—
New Zealand Dollar	DBAB	Sell		17,733,735		11,411,658			7/30/10		—		(592,590	)
New Zealand Dollar	DBAB	Buy		17,733,735		11,865,997			7/30/10		138,252		—
New Zealand Dollar	DBAB	Sell		17,666,270		11,347,929			8/03/10		—		(607,311	)
New Zealand Dollar	BZWS	Sell		6,915,607		4,439,820			8/03/10		—		(240,157	)
New Zealand Dollar	BZWS	Buy		4,400,000		3,162,280			8/03/10		—		(184,682	)
New Zealand Dollar	DBAB	Buy		17,666,270		11,817,321			8/03/10		137,918		—
New Zealand Dollar	DBAB	Sell		6,999,201		4,471,789			8/04/10		—		(264,427	)
New Zealand Dollar	BZWS	Sell		3,484,510		2,237,056			8/04/10		—		(120,841	)
New Zealand Dollar	DBAB	Buy		6,999,201		4,681,555			8/04/10		54,661		—
New Zealand Dollar	CITI	Sell		17,544,053		11,456,705			8/05/10		—		(414,168	)
New Zealand Dollar	DBAB	Sell		5,204,459		3,392,267			8/05/10		—		(129,239	)
New Zealand Dollar	DBAB	Buy		5,204,459		3,480,846			8/05/10		40,659		—
New Zealand Dollar	CITI	Buy		17,544,053		11,748,200			8/05/10		122,674		—
Malaysian Ringgit	HSBC	Buy		3,400,000		971,984			8/06/10		67,196		—
New Zealand Dollar	CITI	Sell		6,870,623		4,490,055			8/06/10		—		(158,506	)

Templeton Global Income Fund

Statement of Investments, May 31, 2010 (unaudited) (continued)


					Contract			Settlement		Unrealized		Unrealized
Currency	Counterparty	Type	Quanity		amount^a			date		Appreciation		Depriciation

New Zealand Dollar	FBCO	Sell		3,428,957		2,233,108			8/06/10		—		(86,873	)
New Zealand Dollar	FBCO	Sell		15,302,017		10,059,786			8/09/10		—		(291,161	)
New Zealand Dollar	CITI	Sell		6,779,343		4,457,147			8/09/10		—		(128,695	)
New Zealand Dollar	DBAB	Sell		6,809,934		4,479,575			8/09/10		—		(126,960	)
New Zealand Dollar	DBAB	Buy		6,809,934		4,553,599			8/09/10		52,936		—
New Zealand Dollar	FBCO	Sell		6,713,771		4,458,817			8/11/10		—		(82,035	)
New Zealand Dollar	DBAB	Sell		15,333,885		9,990,809			8/12/10		—		(379,523	)
New Zealand Dollar	DBAB	Buy		15,333,885		10,251,009			8/12/10		119,323		—
New Zealand Dollar	DBAB	Sell		4,178,000		2,711,940			8/13/10		—		(113,451	)
New Zealand Dollar	DBAB	Buy		4,178,000		2,792,868			8/13/10		32,523		—
New Zealand Dollar	DBAB	Sell		4,407,000		2,909,061			8/16/10		—		(70,569	)
New Zealand Dollar	DBAB	Buy		4,407,000		2,945,507			8/16/10		34,123		—
Brazilian Real	DBAB	Buy		4,460,000		216,608,820	JPY		8/17/10		26,008		—
Japanese Yen	UBSW	Sell		619,237,000		6,528,180			8/17/10		—		(271,147	)
New Israeli Shekel	CITI	Buy		12,073,000		3,185,993			8/17/10		—		(71,915	)
Brazilian Real	DBAB	Buy		3,295,000		158,654,250	JPY		8/18/10		33,804		—
Japanese Yen	JPHQ	Sell		307,706,000		3,264,093			8/18/10		—		(114,631	)
Brazilian Real	DBAB	Buy		4,942,000		232,303,652	JPY		8/19/10		112,035		—
Japanese Yen	HSBC	Sell		306,279,000		3,255,517			8/19/10		—		(107,597	)
New Israeli Shekel	CITI	Buy		12,079,000		3,182,248			8/19/10		—		(66,628	)
New Israeli Shekel	DBAB	Buy		1,209,000		318,493			8/19/10		—		(6,647	)
Indian Rupee	DBAB	Buy		115,936,000		2,321,506			8/20/10		160,174		—
Japanese Yen	DBAB	Sell		307,444,000		3,255,512			8/20/10		—		(120,454	)
Japanese Yen	BZWS	Sell		307,053,000		3,260,347			8/20/10		—		(111,325	)
New Israeli Shekel	CITI	Buy		4,634,100		1,212,449			8/20/10		—		(17,144	)
Norwegian Krone	UBSW	Buy		44,332,000		5,049,318	EUR		8/20/10		611,927		—
Indian Rupee	DBAB	Buy		100,473,000		2,011,967			8/23/10		138,246		—
Japanese Yen	CITI	Sell		613,483,000		6,520,692			8/23/10		—		(216,168	)
Japanese Yen	FBCO	Sell		608,984,000		6,520,695			8/23/10		—		(166,760	)
New Israeli Shekel	CITI	Buy		7,908,300		2,073,927			8/23/10		—		(34,092	)
Norwegian Krone	UBSW	Buy		44,332,000		5,054,557	EUR		8/23/10		604,286		—
Japanese Yen	JPHQ	Sell		612,179,000		6,520,693			8/24/10		—		(201,966	)
Japanese Yen	BZWS	Sell		610,141,000		6,520,690			8/24/10		—		(179,588	)

Templeton Global Income Fund

Statement of Investments, May 31, 2010 (unaudited) (continued)


					Contract			Settlement		Unrealized		Unrealized
Currency	Counterparty	Type	Quanity		amount^a			date		Appreciation		Depriciation

New Zealand Dollar	FBCO	Sell		6,159,450		4,061,418			8/24/10		—		(100,741	)
Japanese Yen	DBAB	Sell		303,441,000		3,260,352			8/25/10		—		(71,951	)
New Zealand Dollar	DBAB	Sell		6,130,000		4,097,905			8/27/10		—		(43,488	)
Brazilian Real	DBAB	Buy		3,300,000		154,185,900	JPY		8/31/10		79,198		—
Indian Rupee	DBAB	Buy		71,050,000		1,423,848			9/01/10		95,724		—
Japanese Yen	JPHQ	Sell		304,127,000		3,260,349			9/01/10		—		(79,961	)
Brazilian Real	DBAB	Buy		4,949,000		228,826,913	JPY		9/02/10		143,827		—
Japanese Yen	HSBC	Sell		300,940,000		3,260,349			9/02/10		—		(45,036	)
Norwegian Krone	BZWS	Buy		44,332,000		5,045,123	EUR		9/07/10		610,482		—
New Israeli Shekel	DBAB	Buy		35,742,000		9,430,607			9/08/10		—		(211,817	)
Japanese Yen	HSBC	Sell		453,244,000		4,890,524			9/09/10		—		(88,524	)
Japanese Yen	HSBC	Sell		451,689,000		4,890,526			9/10/10		—		(71,557	)
Japanese Yen	DBAB	Sell		383,650,000		4,179,376			9/10/10		—		(35,257	)
Japanese Yen	UBSW	Sell		318,692,000		3,482,820			9/13/10		—		(18,457	)
Brazilian Real	DBAB	Buy		7,424,000		346,161,075	JPY		9/15/10		170,677		—
Japanese Yen	BZWS	Sell		250,749,000		2,786,255			9/15/10		31,295		—
Japanese Yen	UBSW	Sell		377,653,000		4,179,380			9/15/10		30,137		—
Japanese Yen	HSBC	Sell		253,555,000		2,786,257			9/15/10		469		—
Japanese Yen	DBAB	Sell		126,078,000		1,393,127			9/16/10		7,885		—
Japanese Yen	HSBC	Sell		376,102,000		4,179,375			9/16/10		47,074		—
Euro	BZWS	Sell		1,331,300		1,960,140			9/20/10		319,925		—
Japanese Yen	JPHQ	Sell		252,156,000		2,786,254			9/21/10		15,442		—
Japanese Yen	HSBC	Sell		125,019,000		1,393,125			9/21/10		19,355		—
Euro	UBSW	Sell		8,685,912		12,735,545			9/23/10		2,033,839		—
Swedish Krona	DBAB	Buy		28,384,373		2,799,248	EUR		9/23/10		187,490		—
Swedish Krona	UBSW	Buy		91,000,000		8,950,438	EUR		9/23/10		630,562		—
Euro	JPHQ	Sell		3,821,732		5,658,456			9/24/10		949,745		—
Japanese Yen	JPHQ	Sell		109,322,000		1,208,045			9/24/10		6,676		—
Indian Rupee	DBAB	Buy		225,000,000		6,533,101	NZD		9/27/10		400,666		—
Japanese Yen	JPHQ	Sell		10,871,000		120,802			9/27/10		1,329		—
Japanese Yen	JPHQ	Sell		78,559,000		872,975			9/28/10		9,587		—
Japanese Yen	JPHQ	Sell		130,931,000		1,454,951			9/29/10		15,944		—
Philippine Peso	DBAB	Buy		150,587,000		3,121,233			10/04/10		92,586		—

Templeton Global Income Fund

Statement of Investments, May 31, 2010 (unaudited) (continued)


					Contract			Settlement		Unrealized		Unrealized
Currency	Counterparty	Type	Quanity		amount^a			date		Appreciation		Depriciation

Philippine Peso	HSBC	Buy		120,792,000		2,496,992			10/04/10		80,943		—
New Israeli Shekel	DBAB	Buy		35,422,000		9,408,234			10/05/10		—		(272,816	)
Philippine Peso	DBAB	Buy		180,042,000		3,745,491			10/05/10		96,582		—
Philippine Peso	HSBC	Buy		180,085,000		3,745,477			10/05/10		97,513		—
Philippine Peso	JPHQ	Buy		47,563,000		998,803			10/06/10		16,087		—
Philippine Peso	DBAB	Buy		147,797,000		3,121,241			10/07/10		32,116		—
Philippine Peso	HSBC	Buy		118,491,000		2,496,992			10/08/10		30,855		—
Philippine Peso	JPHQ	Buy		59,005,000		1,248,492			10/08/10		10,300		—
Philippine Peso	DBAB	Buy		118,267,000		2,496,981			10/08/10		26,087		—
Philippine Peso	CITI	Buy		59,159,000		1,248,502			10/08/10		13,577		—
Philippine Peso	DBAB	Buy		35,215,000		749,096			10/12/10		1,878		—
Philippine Peso	JPHQ	Buy		105,060,000		2,247,273			10/13/10		—		(7,044	)
Philippine Peso	HSBC	Buy		58,717,000		1,248,501			10/13/10		3,541		—
Philippine Peso	JPHQ	Buy		40,764,000		867,319			10/13/10		1,905		—
Chinese Yuan	HSBC	Buy		32,663,916		3,316,969	EUR		10/15/10		714,057		—
Philippine Peso	JPHQ	Buy		19,133,000		407,953			10/15/10		—		(53	)
Chinese Yuan	HSBC	Buy		32,823,215		3,323,035	EUR		10/18/10		730,385		—
Philippine Peso	JPHQ	Buy		63,534,000		1,359,860			10/18/10		—		(5,760	)
Chinese Yuan	HSBC	Buy		43,995,179		4,441,373	EUR		10/19/10		994,830		—
Philippine Peso	DBAB	Buy		32,011,000		679,928			10/19/10		2,257		—
Chinese Yuan	HSBC	Buy		27,185,000		4,119,876			10/21/10		—		(122,751	)
Philippine Peso	DBAB	Buy		127,962,000		2,719,702			10/21/10		6,759		—
Philippine Peso	JPHQ	Buy		64,253,000		1,359,852			10/21/10		9,174		—
Philippine Peso	DBAB	Buy		123,655,000		2,597,794			10/25/10		35,879		—
Philippine Peso	HSBC	Buy		185,677,000		3,896,684			10/25/10		57,968		—
Philippine Peso	JPHQ	Buy		61,866,000		1,298,887			10/25/10		18,769		—
Chilean Peso	CITI	Buy		219,208,545		415,364			10/26/10		—		(2,460	)
Indian Rupee	HSBC	Buy		159,768,000		3,360,707			10/26/10		44,183		—
Indian Rupee	DBAB	Buy		478,778,000		10,082,084			10/26/10		121,374		—
Norwegian Krone	BZWS	Buy		68,284,000		8,076,168	EUR		10/26/10		538,618		—
Philippine Peso	HSBC	Buy		160,559,000		3,377,125			10/26/10		42,219		—
Indian Rupee	HSBC	Buy		237,998,000		5,041,049			10/27/10		30,709		—
Chilean Peso	JPHQ	Buy		142,245,000		270,814			10/28/10		—		(2,887	)

Templeton Global Income Fund

Statement of Investments, May 31, 2010 (unaudited) (continued)


					Contract			Settlement		Unrealized		Unrealized
Currency	Counterparty	Type	Quanity		amount^a			date		Appreciation		Depriciation

Philippine Peso	DBAB	Buy		49,630,000		1,039,154			10/28/10		17,587		—
Japanese Yen	CITI	Sell		104,080,747		1,150,288			11/08/10		5,295		—
Japanese Yen	BZWS	Sell		102,242,000		1,141,635			11/10/10		16,817		—
Japanese Yen	BZWS	Sell		183,499,000		2,047,866			11/12/10		29,000		—
Japanese Yen	UBSW	Sell		103,657,300		1,157,807			11/12/10		17,364		—
Japanese Yen	DBAB	Sell		592,373,000		6,613,151			11/15/10		95,367		—
Japanese Yen	JPHQ	Sell		295,806,000		3,306,573			11/16/10		51,790		—
Japanese Yen	BZWS	Sell		142,600,000		1,587,178			11/16/10		18,136		—
Japanese Yen	HSBC	Sell		154,574,000		1,719,418			11/17/10		18,585		—
Japanese Yen	UBSW	Sell		236,300,000		2,645,248			11/17/10		45,154		—
Japanese Yen	BZWS	Sell		590,640,000		6,613,147			11/17/10		114,123		—
Euro	DBAB	Sell		913,279		1,357,133			11/18/10		231,282		—
Euro	UBSW	Sell		4,666,969		6,971,519			11/18/10		1,218,284		—
Japanese Yen	BZWS	Sell		823,639,000		9,258,407			11/18/10		195,396		—
Malaysian Ringgit	JPHQ	Buy		26,285,176		7,818,315			11/18/10		177,954		—
Euro	DBAB	Sell		1,274,797		1,910,284			11/29/10		338,593		—
Japanese Yen	CITI	Sell		230,997,000		2,645,256			11/29/10		102,759		—
Japanese Yen	BZWS	Sell		930,663,000		10,581,037			11/29/10		337,580		—
Japanese Yen	BOFA	Sell		638,748,000		7,208,328			11/29/10		177,870		—
Norwegian Krone	UBSW	Buy		51,846,000		6,063,647	EUR		11/29/10		479,732		—
Swedish Krona	BZWS	Buy		150,288,486		14,529,752	EUR		11/30/10		1,347,107		—
Australian Dollar	DBAB	Buy		13,946,000		12,160,927			12/01/10		—		(624,108	)
Japanese Yen	DBAB	Sell		572,745,000		6,613,149			12/01/10		308,789		—
Norwegian Krone	UBSW	Buy		16,770,000		1,944,348	EUR		12/01/10		175,864		—
Mexican Peso	CITI	Sell		39,049,000		2,875,267			12/02/10		—		(85,518	)
Chinese Yuan	HSBC	Buy		24,661,000		3,723,539			12/06/10		—		(91,473	)
Chinese Yuan	HSBC	Buy		31,071,000		3,122,174	EUR		12/06/10		726,500		—
Euro	UBSW	Sell		1,325,806		1,994,635			12/07/10		359,902		—
Australian Dollar	DBAB	Buy		5,578,000		4,891,906			12/09/10		—		(281,633	)
Australian Dollar	DBAB	Buy		6,958,000		6,071,551			12/10/10		—		(321,337	)
Australian Dollar	BZWS	Buy		6,958,000		6,068,768			12/10/10		—		(318,553	)
Chinese Yuan	JPHQ	Buy		16,342,344		2,457,495			12/13/10		—		(49,910	)
Chinese Yuan	HSBC	Buy		32,777,418		4,929,676			12/14/10		—		(100,646	)

Templeton Global Income Fund

Statement of Investments, May 31, 2010 (unaudited) (continued)


					Contract			Settlement		Unrealized		Unrealized
Currency	Counterparty	Type	Quanity		amount^a			date		Appreciation		Depriciation

Chinese Yuan	HSBC	Buy		32,904,211		4,951,352			12/15/10		—		(103,443	)
Malaysian Ringgit	JPHQ	Buy		16,656,368		4,883,133			12/16/10		178,815		—
Swedish Krona	DBAB	Buy		93,370,021		9,026,316	EUR		12/16/10		835,592		—
Malaysian Ringgit	JPHQ	Buy		5,137,469		1,506,633			12/17/10		54,617		—
Malaysian Ringgit	JPHQ	Buy		6,147,742		1,794,961			12/21/10		73,067		—
Malaysian Ringgit	HSBC	Buy		8,175,565		2,378,339			12/22/10		105,775		—
Malaysian Ringgit	HSBC	Buy		3,991,727		1,160,521			12/23/10		52,311		—
Malaysian Ringgit	HSBC	Buy		4,516,266		1,311,191			12/28/10		60,795		—
Japanese Yen	BZWS	Sell		189,880,000		2,084,017			1/07/11		—		(8,328	)
Japanese Yen	CITI	Sell		94,950,000		1,042,010			1/07/11		—		(4,273	)
Japanese Yen	UBSW	Sell		94,930,000		1,041,985			1/07/11		—		(4,078	)
New Israeli Shekel	DBAB	Buy		48,521,000		12,999,250			1/07/11		—		(489,091	)
Euro	CITI	Sell		3,597,000		5,173,205			1/10/11		736,287		—
Euro	UBSW	Sell		6,354,000		9,085,267			1/11/11		1,247,482		—
Euro	DBAB	Sell		12,240,000		17,494,754			1/11/11		2,396,471		—
Japanese Yen	HSBC	Sell		95,340,000		1,041,967			1/11/11		—		(8,737	)
Japanese Yen	DBAB	Sell		95,240,000		1,041,979			1/11/11		—		(7,623	)
Euro	JPHQ	Sell		3,792,783		5,490,157			1/13/11		811,573		—
Euro	CITI	Sell		2,459,575		3,560,419			1/13/11		526,413		—
Euro	UBSW	Sell		5,675,942		8,236,814			1/13/11		1,235,261		—
Japanese Yen	HSBC	Sell		277,440,000		3,024,990			1/13/11		—		(32,747	)
Philippine Peso	JPHQ	Buy		282,044,000		6,064,579			1/13/11		—		(102,257	)
Euro	BZWS	Sell		3,027,169		4,392,422			1/14/11		658,217		—
Japanese Yen	BZWS	Sell		275,350,000		3,024,943			1/14/11		—		(9,849	)
Japanese Yen	UBSW	Sell		219,020,000		2,419,966			1/14/11		6,019		—
Philippine Peso	HSBC	Buy		45,260,000		967,714			1/14/11		—		(11,019	)
Philippine Peso	HSBC	Buy		88,621,000		1,898,438			1/18/11		—		(25,872	)
Philippine Peso	DBAB	Buy		50,543,000		1,085,779			1/18/11		—		(17,803	)
Euro	BZWS	Sell		2,459,575		3,527,891			1/19/11		493,670		—
Philippine Peso	JPHQ	Buy		126,210,000		2,708,079			1/19/11		—		(41,498	)
Philippine Peso	DBAB	Buy		31,623,000		676,717			1/19/11		—		(8,583	)
Euro	UBSW	Sell		4,351,556		6,122,639			1/25/11		754,022		—
Brazilian Real	DBAB	Buy		8,966,000		408,299,984	JPY		1/26/11		147,401		—

Templeton Global Income Fund

Statement of Investments, May 31, 2010 (unaudited) (continued)


					Contract			Settlement		Unrealized		Unrealized
Currency	Counterparty	Type	Quanity		amount^a			date		Appreciation		Depriciation

Japanese Yen	BZWS	Sell		758,940,000		8,450,290			1/26/11		82,605		—
Japanese Yen	UBSW	Sell		664,000,000		7,394,045			1/26/11		73,119		—
Japanese Yen	DBAB	Sell		189,220,000		2,112,538			1/26/11		26,294		—
Brazilian Real	HSBC	Buy		3,346,000		152,871,244	JPY		1/27/11		49,031		—
Chilean Peso	DBAB	Buy		1,968,980,000		3,916,809			1/27/11		—		(217,233	)
Japanese Yen	HSBC	Sell		652,664,000		7,266,921			1/27/11		70,768		—
Chilean Peso	DBAB	Buy		4,531,910,000		8,946,619			1/28/11		—		(431,758	)
Chilean Peso	JPHQ	Buy		596,880,000		1,173,229			1/28/11		—		(51,770	)
Malaysian Ringgit	JPHQ	Buy		48,000,000		14,081,615			1/28/11		485,715		—
New Zealand Dollar	UBSW	Sell		7,150,005		4,889,674			1/28/11		117,349		—
Chilean Peso	DBAB	Buy		2,733,940,000		5,273,472			1/31/11		—		(137,271	)
Euro	UBSW	Sell		338,000		473,301			1/31/11		56,273		—
Swedish Krona	DBAB	Buy		89,650,000		8,756,422	EUR		1/31/11		685,842		—
Chinese Yuan	DBAB	Buy		135,288,000		20,373,165			2/01/11		—		(401,410	)
Australian Dollar	UBSW	Buy		3,674,582		3,061,000			2/08/11		—		(44,479	)
Australian Dollar	MSCO	Buy		3,675,596		3,061,000			2/08/11		—		(43,646	)
Euro	UBSW	Sell		6,294,000		8,640,718			2/08/11		874,379		—
Euro	CITI	Sell		8,393,000		11,518,092			2/08/11		1,161,739		—
Euro	HSBC	Sell		675,000		923,096			2/08/11		90,195		—
Australian Dollar	CITI	Buy		2,328,000		172,302,264	JPY		2/09/11		10,376		—
Australian Dollar	BZWS	Buy		2,328,000		171,876,240	JPY		2/09/11		15,075		—
Australian Dollar	DBAB	Buy		2,328,000		172,653,792	JPY		2/09/11		6,499		—
Euro	HSBC	Sell		6,987,000		9,555,421			2/09/11		933,869		—
Euro	BZWS	Sell		9,316,000		12,713,312			2/09/11		1,217,909		—
South Korean Won	HSBC	Buy		7,294,254,000		6,180,000			2/09/11		—		(112,380	)
Chilean Peso	MLCO	Buy		727,600,000		1,354,304			2/10/11		12,170		—
Chilean Peso	DBAB	Buy		727,600,000		1,354,304			2/10/11		12,170		—
Euro	DBAB	Sell		2,336,000		3,194,013			2/10/11		311,490		—
Euro	BZWS	Sell		7,943,000		10,854,110			2/10/11		1,052,793		—
Japanese Yen	MSCO	Sell		110,363,000		1,240,554			2/10/11		23,208		—
South Korean Won	HSBC	Buy		3,868,000,000		291,002,106	JPY		2/10/11		7,682		—
Chilean Peso	DBAB	Buy		935,230,000		1,746,135			2/11/11		10,222		—
Chilean Peso	BZWS	Buy		726,200,000		1,354,156			2/11/11		9,644		—

Templeton Global Income Fund

Statement of Investments, May 31, 2010 (unaudited) (continued)


					Contract			Settlement		Unrealized		Unrealized
Currency	Counterparty	Type	Quanity		amount^a			date		Appreciation		Depriciation

Euro	UBSW	Sell		6,873,000		9,451,200			2/11/11		970,117		—
Chilean Peso	DBAB	Buy		718,400,000		1,354,194			2/14/11		—		(5,177	)
Malaysian Ringgit	DBAB	Buy		24,260,103		7,026,822			2/14/11		331,773		—
New Zealand Dollar	HSBC	Sell		1,456,071		979,790			2/14/11		9,294		—
South Korean Won	HSBC	Buy		7,084,000,000		6,069,746			2/14/11		—		(176,967	)
South Korean Won	DBAB	Buy		1,149,000,000		87,296,763	JPY		2/14/11		—		(7,242	)
South Korean Won	JPHQ	Buy		1,326,000,000		100,454,545	JPY		2/14/11		—		(5,159	)
Chilean Peso	MSCO	Buy		1,432,600,000		2,708,385			2/16/11		—		(18,415	)
Euro	UBSW	Sell		6,214,000		8,450,419			2/16/11		782,070		—
Euro	JPHQ	Sell		6,214,000		8,454,768			2/16/11		786,420		—
South Korean Won	JPHQ	Buy		774,000,000		59,251,320	JPY		2/16/11		—		(9,831	)
Malaysian Ringgit	HSBC	Buy		6,108,000		1,775,478			2/17/11		77,028		—
Chilean Peso	JPHQ	Buy		664,600,000		1,268,321			2/18/11		—		(20,495	)
Chilean Peso	DBAB	Buy		331,700,000		634,226			2/18/11		—		(11,439	)
Euro	UBSW	Sell		6,210,000		8,531,360			2/18/11		867,767		—
Euro	DBAB	Sell		6,210,000		8,532,167			2/18/11		868,574		—
Chilean Peso	MSCO	Buy		3,473,400,000		6,620,768			2/22/11		—		(100,118	)
Chilean Peso	DBAB	Buy		1,821,550,000		3,475,569			2/22/11		—		(55,954	)
Chilean Peso	JPHQ	Buy		1,128,000,000		2,156,169			2/22/11		—		(38,563	)
Japanese Yen	HSBK	Sell		187,760,000		2,088,241			2/22/11		16,442		—
Japanese Yen	JPHQ	Sell		187,900,000		2,088,242			2/22/11		14,898		—
Chilean Peso	MLCO	Buy		669,000,000		1,268,367			2/23/11		—		(12,488	)
Chilean Peso	MSCO	Buy		664,200,000		1,268,283			2/24/11		—		(21,457	)
Chilean Peso	CITI	Buy		2,019,520,000		3,850,372			2/25/11		—		(59,483	)
Chilean Peso	MSCO	Buy		1,419,160,000		2,714,226			2/25/11		—		(50,287	)
Chilean Peso	DBAB	Buy		994,600,000		1,902,448			2/25/11		—		(35,461	)
Chilean Peso	DBAB	Buy		1,153,220,000		2,205,431			2/28/11		—		(40,973	)
Chilean Peso	JPHQ	Buy		364,500,000		692,966			2/28/11		—		(8,842	)
Chilean Peso	DBAB	Buy		1,873,290,000		3,581,816			3/01/11		—		(66,021	)
Chilean Peso	MSCO	Buy		1,174,700,000		2,239,657			3/01/11		—		(34,977	)
Chilean Peso	MLCO	Buy		366,300,000		698,646			3/01/11		—		(11,173	)
Japanese Yen	HSBK	Sell		196,900,000		2,205,001			3/01/11		31,858		—
Japanese Yen	JPHQ	Sell		197,000,000		2,204,862			3/01/11		30,615		—

Templeton Global Income Fund

Statement of Investments, May 31, 2010 (unaudited) (continued)


					Contract		Settlement		Unrealized		Unrealized
Currency	Counterparty	Type	Quanity		amount^a		date		Appreciation		Depriciation

Japanese Yen	UBSW	Sell		219,700,000		2,469,705		3/01/11		44,923		—
Chilean Peso	DBAB	Buy		292,600,000		560,000		3/02/11		—		(10,871	)
Chilean Peso	DBAB	Buy		1,173,870,000		2,244,493		3/04/11		—		(41,654	)
Euro	UBSW	Sell		4,817,000		6,598,134		3/07/11		652,394		—
Euro	BOFA	Sell		3,640,000		4,980,466		3/07/11		487,526		—
Euro	HSBK	Sell		1,285,000		1,758,381		3/08/11		172,255		—
Chilean Peso	DBAB	Buy		2,301,970,000		4,560,614		3/10/11		—		(241,933	)
Chilean Peso	DBAB	Buy		2,298,030,000		4,453,115		3/15/11		—		(142,746	)
Chilean Peso	MSCO	Buy		521,800,000		1,007,822		3/15/11		—		(29,093	)
Japanese Yen	CITI	Sell		220,552,000		2,448,723		3/18/11		13,118		—
Japanese Yen	UBSW	Sell		178,800,000		1,988,191		3/18/11		13,663		—
Japanese Yen	MSCO	Sell		132,400,000		1,469,446		3/18/11		7,323		—
Chilean Peso	JPHQ	Buy		670,400,000		1,298,973		3/21/11		—		(41,840	)
Japanese Yen	BOFA	Sell		125,158,380		1,390,880		3/22/11		8,539		—
New Israeli Shekel	MSCO	Buy		31,916,650		8,500,000		3/29/11		—		(273,070	)
Chilean Peso	DBAB	Buy		1,107,150,000		2,105,649		3/31/11		—		(30,408	)
Chilean Peso	DBAB	Buy		1,176,260,000		2,240,495		4/04/11		—		(36,092	)
Euro	DBAB	Sell		6,591,000		8,906,616		4/07/11		768,133		—
Euro	HSBK	Sell		7,909,000		10,688,460		4/07/11		922,527		—
Euro	UBSW	Sell		3,955,000		5,342,810		4/07/11		459,226		—
Indian Rupee	DBAB	Buy		110,524,000		2,435,254		4/11/11		—		(101,185	)
Indian Rupee	DBAB	Buy		237,003,000		5,221,481		4/12/11		—		(216,666	)
Euro	UBSW	Sell		3,144,000		4,235,282		4/13/11		352,829		—
Indian Rupee	JPHQ	Buy		159,192,000		3,517,278		4/13/11		—		(155,783	)
Euro	HSBK	Sell		4,695,000		6,409,332		4/14/11		611,515		—
Indian Rupee	JPHQ	Buy		156,262,000		3,452,541		4/15/11		—		(153,264	)
Indian Rupee	JPHQ	Buy		78,058,000		1,717,448		4/19/11		—		(69,699	)
Indian Rupee	DBAB	Buy		54,789,000		1,206,806		4/19/11		—		(50,249	)
Malaysian Ringgit	JPHQ	Buy		5,072,841		1,554,656		4/19/11		—		(19,104	)
Japanese Yen	UBSW	Sell		146,100,000		1,593,204		4/20/11		—		(22,039	)
Japanese Yen	CITI	Sell		146,000,000		1,592,956		4/20/11		—		(21,181	)
Malaysian Ringgit	JPHQ	Buy		14,535,000		4,475,751		4/22/11		—		(76,419	)
Indian Rupee	DBAB	Buy		110,998,000		2,450,828		4/26/11		—		(108,604	)

Templeton Global Income Fund

Statement of Investments, May 31, 2010 (unaudited) (continued)


					Contract			Settlement		Unrealized		Unrealized
Currency	Counterparty	Type	Quanity		amount^a			date		Appreciation		Depriciation

Indian Rupee	JPHQ	Buy		15,835,000		349,404			4/27/11		—		(15,280	)
Indian Rupee	DBAB	Buy		507,510,181		11,200,843			4/28/11		—		(492,747	)
Indian Rupee	JPHQ	Buy		78,563,000		1,733,517			4/28/11		—		(75,895	)
Indian Rupee	JPHQ	Buy		78,640,000		1,735,982			4/29/11		—		(76,823	)
Swedish Krona	BOFA	Buy		29,978,900		3,116,958	EUR		4/29/11		—		(7,562	)
Chilean Peso	DBAB	Buy		730,900,000		1,376,460			5/10/11		—		(8,796	)
Japanese Yen	CITI	Sell		304,465,000		3,418,125			5/10/11		49,727		—
Japanese Yen	DBAB	Sell		203,561,000		2,278,753			5/10/11		26,690		—
Japanese Yen	UBSW	Sell		304,315,000		3,418,117			5/10/11		51,380		—
Chilean Peso	DBAB	Buy		2,278,980,000		4,218,380			5/19/11		44,419		—
Indian Rupee	DBAB	Buy		150,389,000		3,164,752			6/01/11		2,665		—

Unrealized appreciation (depreciation)											64,997,822		(15,195,995	)

Net unrealized appreciation (depreciation)										$	49,801,827


^a		In U.S. dollars unless otherwise indicated.

At May 31, 2010, the Fund had the following interest rate swap contracts outstanding. See Note 3.


	Pay/Receive	Fixed				Notional			Expiration		Unrealized		Unrealized
Counterparty	Floating Rate	Rate			Floating Rate	Amount^a			Date		Appreciation		Depreciation

MLCO	Pay		9.03	%	MXN Interbank Equilibrium Interest Rate		723,000,000	MXN		8/17/18	$	5,967,471	$	—
JPHQ	Pay		8.6748	%	MXN Interbank Equilibrium Interest Rate		37,800,000	MXN		11/29/18		237,829		—
CITI	Pay		7.6973	%	MXN Interbank Equilibrium Interest Rate		51,400,000	MXN		1/11/19		70,262		—
CITI	Pay		7.666	%	MXN Interbank Equilibrium Interest Rate		67,000,000	MXN		1/12/19		80,862		—
CITI	Pay		7.835	%	MXN Interbank Equilibrium Interest Rate		44,700,000	MXN		1/15/19		92,126		—
CITI	Pay		7.869	%	MXN Interbank Equilibrium Interest Rate		58,100,000	MXN		1/16/19		129,378		—
CITI	Pay		8.00	%	MXN Interbank Equilibrium Interest Rate		35,060,000	MXN		1/18/19		100,957		—
CITI	Pay		8.07	%	MXN Interbank Equilibrium Interest Rate		175,300,000	MXN		1/22/19		562,010		—
JPHQ	Pay		8.06	%	MXN Interbank Equilibrium Interest Rate		55,780,000	MXN		1/22/19		175,988		—

Templeton Global Income Fund

Statement of Investments, May 31, 2010 (unaudited) (continued)

Pay/Receive

Fixed

Notional

Expiration

Unrealized

Counterparty

Floating Rate

Rate

Floating Rate

Amount^a

Date

Appreciation

Depreciation

MLCO

Pay

9.10

MXN Interbank Equilibrium Interest Rate

240,000,000

MXN

8/4/28

2,084,856

—

JPHQ

Pay

8.3167

MXN Interbank Equilibrium Interest Rate

83,670,000

MXN

1/9/29

206,539

—

Unrealized appreciation (depreciation)

9,708,278

—

Net unrealized appreciation (depreciation)

9,708,278

—


^a		In U.S. dollars unless otherwise indicated.

At May 31, 2010, the Fund had the following financial futures contracts outstanding. See Note 3.


		Number
		of		Notional	Delivery		Unrealized		Unrealized
Description	Type	Contracts		Amount	Date		Appreciation		Depreciation

U.S. Treasury 10 Year Note	Short		1	$100,000		09/21/10	$	—	$	(143	)

Unrealized appreciation (depreciation)								—		(143	)

Net unrealized appreciation (depreciation)							$	—	$	(143	)


Currency
AUD		Australian Dollar
BRL		Brazilian Real
EGP		Egyptian Pound
EUR		Euro
IDR		Indonesian Rupiah
ILS		New Israeli Shekel
INR		Indian Rupee
KRW		South Korean Won
LKR		Sri Lankan Rupee
MXN		Mexican Peso
NOK		Norwegian Krone
NZD		New Zealand Dollar
PEN		Peruvian Nuevo Sol
PLN		Polish Zloty
SEK		Swedish Krona
Selected Portfolio
AGMC		Assured Guaranty Municipal Corp.
BHAC		Berkshire Hathaway Assurance Corp.

Templeton Global Income Fund

Statement of Investments, May 31, 2010 (unaudited) (continued)

FRN		Floating Rate Note
GO		General Obligation
ID		Improvement District
ISD		Independent School District
MTA		Metropolitan Transit Authority
NATL		National Public Financial Guarantee Corp.
USD		Unified/Union School District
Counterparty
BOFA		Bank of America N.A.
BZWS		Barclays Bank PLC
CITI		Citibank N.A.
DBAB		Deutsche Bank USA, N.A.
FBCO		Credit Suisse International
HSBC		HSBC Bank USA, N.A.
HSBK		HSBC Bank PLC
JPHQ		JP Morgan Chase N.A.
MLCO		Merrill Lynch Capital Services
MSCO		Morgan Stanley and Co. Inc.
UBSW		UBS AG

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 an open-end investment company.

2. FINANCIAL INSTRUMENT VALUATION

The Fund values its investments in securities and other assets and liabilities carried at fair value daily. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date.

Under procedures approved by the Fund’s Board of Trustees, the Fund may utilize independent pricing services, quotations from securities and financial instrument dealers, and other market sources to determine fair value.

Corporate debt, municipal, and government securities generally trade in the over-the-counter market rather than on a securities exchange. The Fund’s pricing services use multiple valuation techniques to determine fair value. In instances where sufficient market activity exists, the pricing services utilize a market-based approach through which quotes from market makers are used to determine fair value. In other instances, the pricing services utilize proprietary valuation models to develop an income-based valuation which may consider characteristics such as option-adjusted spreads, credit risk and spreads, benchmark yield curves, coupon rates, maturity and other unique security features in order to estimate the relevant cash flows which are then used to calculate the fair value. Securities denominated in a foreign currency are converted into their U.S. dollar equivalent at the foreign exchange rate in effect at the close of the NYSE on the date that the values of the foreign debt securities are determined.

The Fund has procedures to determine the fair value of investments for which market prices are not readily available or which may not be reliably priced. Under these procedures, the Fund primarily employs a market-based approach, which may use prices of recent transactions, various market multiples, book values, and other relevant information for the investment, related assets or liabilities or other comparable assets or liabilities to determine the fair value of the investment. In developing this fair value, the Fund may also give consideration to an income-based approach valuation, which considers anticipated future cash flows of the investment and converts those amounts into a net present value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Due to the inherent uncertainty of valuations of such investments, the fair values may differ significantly from the values that would have been used had a ready market existed.

Trading in securities on foreign exchanges and over-the-counter markets may be completed before the daily close of business on the NYSE. Occasionally, events occur between the time at which trading in a foreign security is completed and the close of the NYSE that might call into question the availability (including the reliability) of the value of a foreign security held by the Fund. As a result, variances may arise between the value of the Fund’s portfolio securities as determined at the foreign market close and the latest indications of value at the close of the NYSE. In order to minimize the potential for these discrepancies, 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 that may call into question the reliability of the values of the foreign securities held by the Fund. If such an event occurs, the securities may be valued using fair value procedures, which may include the use of independent pricing services.

Investments in open-end mutual funds are valued at the closing net asset value.

Derivative financial instruments (derivatives) may trade on a securities exchange or in the over-the-counter market. In instances where sufficient market activity exists, the Fund’s pricing services use a market-based approach to determine fair value. In other instance, the pricing services use an income-based approach which considers inputs such as anticipated future cash flows, discount rates, benchmark yield and swap curves and other unique security features to determine the net present value of the contract. The Fund’s net benefit or obligation under the contract, as measured by the fair market value of the contract, is included in net assets.

3. DERIVATIVE FINANCIAL INSTRUMENTS

The Fund may invest in derivative financial instruments in order to manage risk or gain exposure to various other investments or markets. Derivatives are financial contracts based on an underlying or notional amount, require no initial investment or an initial net investment that is smaller than would normally be required to have a similar response to changes in market factors, and require or permit net settlement. Derivatives may contain various risks including the potential inability of the counterparty to fulfill their obligations under the terms of the contract, the potential for an illiquid secondary market, and the potential for market movements.

The Fund generally enters into financial futures contracts in order to manage interest rate risk. A futures contract is an agreement between the Fund and a counterparty to buy or sell a security for a specific price on a future date. Required initial margin deposits of cash or securities are pledged or received by the Fund. Subsequent payments, known as variation margin, are made or received by the Fund, depending on fluctuations in the value of the underlying security. Such variation margin is accounted for as unrealized appreciation or depreciation until the contract is closed, at which time the gains or losses are realized.

The Fund generally enters into forward exchange contracts in order to hedge against fluctuations in foreign exchange rates or to gain exposure to certain foreign currencies. A forward exchange contract is an agreement between the Fund and a counterparty to buy or sell a foreign currency for a specific exchange rate on a future date. Pursuant to the terms of the forward exchange contracts, cash or securities may be required to be deposited as collateral.

The Fund generally enters into interest rate swap contracts in order to manage interest rate risk. An interest rate swap is an agreement between the Fund and a counterparty to exchange cash flows based on the difference between two interest rates, applied to a notional principal amount. Over the term of the contract, contractually required payments to be paid and to be received are accrued daily and recorded as unrealized depreciation and appreciation until the payments are made, at which time they are realized. Pursuant to the terms of the interest rate swap contract, cash or securities may be required to be deposited as collateral. Unrestricted cash may be invested according to the Fund’s investment objectives.

4. INCOME TAXES

At May 31, 2010, the cost of investments and net unrealized appreciation (depreciation) for income tax purposes were as follows:


Cost of investments	$	1,069,975,148


Unrealized appreciation	$	125,648,067
Unrealized depreciation		(20,470,660	)

Net unrealized appreciation (depreciation)	$	105,177,407

5. FAIR VALUE MEASUREMENTS

The Fund follows a fair value hierarchy that distinguishes between market data obtained from independent sources (observable inputs) and the Fund’s own market assumptions (unobservable inputs). These inputs are used in determining the value of the Fund’s investments and are summarized in the following fair value hierarchy:

	•		Level 1 — quoted prices in active markets for identical securities

	•		Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speed, credit risk, etc.)

	•		Level 3 — significant unobservable inputs (including the Fund’s/ own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used as of May 31, 2010, in valuing the Fund’s assets and liabilities carried at fair value:


	Level 1		Level 2		Level 3		Total

Assets:
Investments in Securities:
Bonds	$	—	$	1,081,989,941	$	—	$	1,081,989,941
Municipal Bonds		—		41,479,115		—		41,479,115
Short Term Investments		26,701,108		24,982,391		—		51,683,499

Total Investments in Securities	$	26,701,108	$	1,148,451,447	$	—	$	1,175,152,555


Swaps		—		9,708,278		—		9,708,278
Forward Exchange Contracts		—		64,997,822		—		64,997,822

Liabilities:
Forward Exchange Contracts		—		15,195,995		—		15,195,995
Financial Futures Contracts		—		143		—		143

6. NEW ACCOUNTING PRONOUNCEMENTS

In January 2010, the Financial Accounting Standards Board issued an Accounting Standards Update (ASU) which enhances and clarifies existing fair value measurement disclosure requirements and is effective for interim and annual periods beginning after December 15, 2009. The Fund believes the adoption of this ASU will not have a material impact on its financial statements.

7. SUBSEQUENT EVENTS

The Fund has evaluated subsequent events through the issuance of the statement of investments and determined that no events have occurred that require disclosure.

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.

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 Laura F. Fergerson, Chief Executive Officer - Finance and Administration, and Mark H. Otani, Chief Financial Officer and Chief Accounting 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/LAURA F. FERGERSON

Laura F. Fergerson

Chief Executive Officer –

Finance and Administration

Date July 27, 2010

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/LAURA F. FERGERSON

Laura F. Fergerson

Chief Executive Officer –

Finance and Administration

Date July 27, 2010

By /s/MARK H. OTANI

Mark H. Otani

Chief Financial Officer and

Chief Accounting Officer

Date July 27, 2010