Templeton Releases Closed-End Funds' Portfolio Allocation Updates

The Templeton closed-end Funds referenced below, which trade on the New York Stock Exchange, today released portfolio allocation updates containing the following information as of February 28, 2009:

• Asset Allocation
• Ten Largest Positions/Portfolio Characteristics
• International Allocation/Net Currency Distribution
• Industry Allocation/Country Distribution

To obtain a copy of the updates, please contact Fund Information at 1-800-342-5236.

Templeton closed-end Funds:

Templeton Emerging Markets Fund (NYSE: EMF)

Templeton Emerging Markets Income Fund (NYSE: TEI)

Templeton Global Income Fund (NYSE: GIM)

The Funds’ investment managers are subsidiaries of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $377 billion in assets under management as of February 28, 2009. For more information, please call 1-800/DIAL BEN^® or visit franklintempleton.com.

TEMPLETON EMERGING MARKETS FUND AS OF FEBRUARY 28, 2009 TOTAL NET ASSETS: $155,685,861 NET ASSET VALUE PER SHARE: $8.61
ASSET ALLOCATION	PERCENT OF TOTAL NET ASSETS		TEN LARGEST POSITIONS	PERCENT OF TOTAL NET ASSETS
CASH & OTHER	0.5%		PETROLEO BRASILEIRO SA (PETROBRAS)	9.6%
EQUITY*	99.5%		CIA VALE DO RIO DOCE	6.9%
	100.0%		PETROCHINA CO LTD	5.4%
			DAIRY FARM INTERNATIONAL HOLDINGS LTD	4.7%
			AKBANK TAS	4.4%
			DENWAY MOTORS LTD	4.3%
			UNIBANCO UNIAO DE BANCOS BRASILEIROS SA (UBB)	3.5%
			BANCO BRADESCO SA	3.5%
			SK ENERGY CO LTD	3.3%
			TURKCELL ILETISIM HIZMETLERI AS	3.1%
				48.7%

INTERNATIONAL ALLOCATION	PERCENT OF PORTFOLIO NET ASSETS		INDUSTRY ALLOCATION	PERCENT OF PORTFOLIO NET ASSETS
ASIA	64.7%		CONSUMER DISCRETIONARY	8.2%
CHINA	17.4%		AUTOMOBILES & COMPONENTS	6.5%
HONG KONG	6.0%		CONSUMER DURABLES & APPAREL	1.7%
INDIA	8.7%		CONSUMER STAPLES	5.2%
INDONESIA	3.3%		FOOD & STAPLES RETAILING	4.8%
PAKISTAN	1.7%		HOUSEHOLD & PERSONAL PRODUCTS	0.4%
SOUTH KOREA	6.2%		ENERGY	36.6%
TAIWAN	2.5%		FINANCIALS	19.3%
THAILAND	8.8%		BANKS	16.9%
TURKEY	10.0%		DIVERSIFIED FINANCIALS	1.4%
EUROPE	11.6%		REAL ESTATE	1.0%
AUSTRIA	1.5%		INDUSTRIALS	3.2%
HUNGARY	0.9%		CAPITAL GOODS	2.0%
RUSSIA	7.5%		TRANSPORTATION	1.2%
UNITED KINGDOM	1.7%		INFORMATION TECHNOLOGY	4.7%
LATIN AMERICA	23.7%		SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT	2.5%
BRAZIL	23.7%		SOFTWARE & SERVICES	1.8%
TOTAL EQUITY*	100.0%		TECHNOLOGY HARDWARE & EQUIPMENT	0.3%
			MATERIALS	18.6%
			TELECOMMUNICATION SERVICES	4.3%
			TOTAL EQUITY*	100.0%

You may request a copy of the Fund's current Report to Shareholders by contacting Fund Information at 1-800/DIAL BEN® (1-800-342-5236). Since markets can go down as well as up, investment return and principal value will fluctuate with market conditions, currency volatility, and the economic, social and political climates of countries where the Fund invests. Emerging markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. You may have a gain or loss when you sell your shares. The industry allocation uses MSCI's industry definitions for the convenience of comparison. The information provided is as of the date shown and comes from sources considered reliable, but the Fund makes no representation or warranty as to its completeness or accuracy. The Fund's portfolio is actively managed and investment allocations can be expected to change.

* EQUITY INCLUDES CONVERTIBLE AND PREFERRED SECURITIES.

TEMPLETON EMERGING MARKETS INCOME FUND AS OF FEBRUARY 28, 2009 TOTAL NET ASSETS: $504,547,486 NET ASSET VALUE PER SHARE: $10.66
ASSET ALLOCATION	PERCENT OF TOTAL NET ASSETS		PORTFOLIO CHARACTERISTICS
CASH & OTHER	12.5%		WEIGHTED AVG. CREDIT QUALITY		BBB-
FIXED INCOME	87.5%		WEIGHTED AVG. MATURITY		9.29 yrs.
	100.0%		WEIGHTED AVG. DURATION		5.012 yrs.
			WEIGHTED AVG. COUPON		6.944%

NET CURRENCY DISTRIBUTION	PERCENT OF TOTAL NET ASSETS		COUNTRY DISTRIBUTION	PERCENT OF TOTAL NET ASSETS
ASIA	12.7%		ASIA	22.0%
INDO RUPIAH	10.8%		FIJI	2.0%
MALAYSI RINGGIT	0.9%		INDIA	1.6%
SOUTH KOREAN WON	1.0%		INDONESIA	11.3%
EUROPE	1.0%		PAKISTAN	1.3%
EURO MON UNIT	-0.9%		PHILIPPINES	4.5%
KAZAKHSTAN TENGE	1.1%		SOUTH KOREA	1.0%
POLAND ZLOTY	0.9%		VIETNAM	0.4%
LATIN AMERICA	17.7%		EUROPE	19.7%
BRAZILIAN REAL	13.3%		BOSNIA AND HERZEGOVINA	0.9%
CHILEAN PESO	1.0%		GEORGIA	0.9%
MEXICAN PESO	3.0%		HUNGARY	0.4%
PERU NUEVO SOL	0.3%		KAZAKHSTAN	4.5%
MID-EAST/AFRICA	2.2%		NETHERLANDS	2.0%
EGYPTIAN POUND	2.2%		POLAND	0.9%
NORTH AMERICA	66.5%		RUSSIA	5.9%
US DOLLAR	66.5%		UKRAINE	4.4%
TOTAL	100.0%		LATIN AMERICA	32.6%
			ARGENTINA	7.5%
			BRAZIL	13.3%
			COLOMBIA	1.1%
			EL SALVADOR	0.4%
			MEXICO	3.5%
			PANAMA	1.2%
			PERU	5.3%
			VENEZUELA	0.3%
			MID-EAST/AFRICA	10.2%
			EGYPT	2.2%
			GHANA	0.7%
			IRAQ	4.4%
			SOUTH AFRICA	2.0%
			UNITED ARAB EMIRATES	0.8%
			OTHER	13.5%
			SUPRANATIONAL	3.9%
			CASH	4.2%
			DERIVATIVES	5.5%
			NORTH AMERICA	2.1%
			UNITED STATES	2.1%
			TOTAL	100.0%

You may request a copy of the Fund's current Report to Shareholders by contacting Fund Information at 1-800/DIAL BEN® (1-800-342-5236). Since markets can go down as well as up, investment return and principal value will fluctuate with market conditions, currency volatility, and the economic, social and political climates of countries where the Fund invests. Emerging markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. You may have a gain or loss when you sell your shares. The information provided is as of the date shown and comes from sources considered reliable, but the Fund makes no representation or warranty as to its completeness or accuracy. The weightings do not include the impact of currency forwards within the country weightings. The Fund's portfolio is actively managed and investment allocations can be expected to change.

TEMPLETON GLOBAL INCOME FUND AS OF FEBRUARY 28, 2009 TOTAL NET ASSETS: $993,662,833 NET ASSET VALUE PER SHARE: $7.58
ASSET ALLOCATION	PERCENT OF TOTAL NET ASSETS		PORTFOLIO CHARACTERISTICS
CASH & OTHER	19.7%		WEIGHTED AVG. CREDIT QUALITY		A
FIXED INCOME	80.3%		WEIGHTED AVG. MATURITY		8.69 yrs.
	100.0%		WEIGHTED AVG. DURATION		5.774 yrs.
			WEIGHTED AVG. COUPON		5.877%

NET CURRENCY DISTRIBUTION	PERCENT OF TOTAL NET ASSETS		COUNTRY DISTRIBUTION	PERCENT OF TOTAL NET ASSETS
ASIA	52.4%		ASIA	20.8%
CHINESE YUAN	10.1%		INDONESIA	8.6%
INDIAN RUPEE	1.8%		MALAYSIA	1.4%
INDO RUPIAH	8.0%		PHILIPPINES	0.1%
JAPANESE YEN	14.3%		SOUTH KOREA	10.7%
MALAYSI RINGGIT	16.8%		AUSTRALIA/NEW ZEALAND	7.8%
SOUTH KOREA WON	9.2%		AUSTRALIA	6.8%
SINGAPORE DOLLAR	-9.2%		NEW ZEALAND	1.0%
VIETNAM DONG	1.4%		EUROPE	18.7%
AUSTRALIA/NEW ZEALAND	2.7%		FRANCE	3.2%
AUSTRALIAN DOLLAR	2.5%		HUNGARY	1.9%
NEW ZEALAND DOLLAR	0.2%		POLAND	2.4%
EUROPE	2.3%		RUSSIA	6.6%
BRITISH POUND	0.1%		SWEDEN	4.6%
EURO MON UNIT	-24.7%		LATIN AMERICA	19.4%
KAZAKHSTAN TENGE	1.0%		ARGENTINA	2.7%
NORWEGIAN KRONE	1.8%		BRAZIL	6.4%
POLAND ZLOTY	6.0%		MEXICO	4.9%
RUSSIAN RUBLE	5.9%		PERU	3.4%
SWEDISH KRONA	8.6%		VENEZUELA	2.0%
SWISS FRANC	3.7%		MID-EAST/AFRICA	4.4%
LATIN AMERICA	21.6%		EGYPT	3.5%
BRAZILIAN REAL	6.4%		SOUTH AFRICA	0.9%
CHILEAN PESO	5.6%		NORTH AMERICA	5.3%
MEXICAN PESO	6.2%		CANADA	1.2%
PERU NUEVO SOL	3.4%		UNITED STATES	4.1%
MID-EAST/AFRICA	3.5%		OTHER	23.7%
EGYPTIAN POUND	3.5%		SUPRANATIONAL	7.8%
NORTH AMERICA	17.6%		CASH	10.0%
US DOLLAR	17.6%		DERIVATIVES	5.9%
TOTAL	100.0%		TOTAL	100.0%

You may request a copy of the Fund's current Report to Shareholders by contacting Fund Information at 1-800/DIAL BEN® (1-800-342-5236). Since markets can go down as well as up, investment return and principal value will fluctuate with market conditions, currency volatility, and the economic, social and political climates of countries where the Fund invests. Emerging markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. You may have a gain or loss when you sell your shares. The information provided is as of the date shown and comes from sources considered reliable, but the Fund makes no representation or warranty as to its completeness or accuracy. The weightings do not include the impact of currency forwards within the country weightings. The Fund's portfolio is actively managed and investment allocations can be expected to change.