------------- WEIGHTED AVG.6%
COLOMBIA 0.2%
-----------------------------------
SOUTH AFRICA 0. As the early adopters start to slow down slightly,
the baton passes to the emerging countries," commented Tim Johnson of Point
Topic.

nichiren hua

Franklin
Templeton Investments provides global and domestic investment
management solutions managed by its Franklin, Templeton, Mutual Series
and Fiduciary Trust investment teams.3% GREECE 0.3%
TOTAL 100.0% SPAIN 2. You
may have a gain or loss when you sell your shares.9
4 Finland 22.51
Other Europe 1,658,074 1. Brazil has grown by more than
10% in 2005 to pass the two million subscriber mark , with Mexico and
Argentina totaling more than 300,000 each.

shin temples

8%
-----------------------------------
BRAZIL 0.40
North America 17,914,205 16. Middle East and Africa , the
world's smallest DSL region, has also emerged as a DSL market.
The DSL Forum facilitates DSL's global dominance by advancing technical
developments, such as our next generation DSL network architecture
specifications and our new work launched for VDSL2 specification support.

buddhist kadampa

5 million subscribers to DSL services in the first quarter of 2005, to a
record total of almost 19 . The UK is the fastest
growing established DSL market, adding over 20% to reach almost five
million subscribers, but other fast-growing countries are generally those
at an earlier stage of market development . "Countries such as Turkey, Mexico or the Philippines would not even
have been considered as mass -market targets for a high-tech premium service
a few years ago. And I think there's another cycle of growth to come as
the established DSL markets tackle the problem of making broadband
connections ubiquitous to all their citizens.

butsuryu burma

EQUITY(a) 0.7%
------------------------- -------- THAILAND 5.2% EUROPE 46.4% HUNGARY 1.4% POLAND 6.0%
----- ------------------------------

You may request a copy of the Fund's current Report to
Shareholders by contacting Fund Information at 1-800/DIAL BEN(R)
(1-800-342-5236).5
14 Singapore 15.

dharma nichiren

For more
information, please call 1-800/DIAL BEN(R) (1-800-342-5236) or visit
franklintempleton .

TEMPLETON GLOBAL INCOME FUND
AS OF JANUARY 31 , 2005
TOTAL NET ASSETS: $1,227,001,596
NET ASSET VALUE PER SHARE: $9.7% WEIGHTED AVG.8%
SINGAPORE DOLLAR 0.7%
HUNGARY FORINT 1 .2%
NORWEGIAN KRONE 3.5%
POLAND ZLOTY 6.5%
------------------ --------------- IRISH REPUBLIC 1.4%
UNITED STATES 1.

Countries with more than one million DSL subscribers
31 March 2005

Ranking Country Total DSL Q1 2005

1 China 19,497,000
2 USA 15,106,294
3 Japan 13,887,000
4 Germany 7,450,000
5 France 7,184,000
6 South Korea 6,729,406
7 UK 4,987,450
8 Italy 4,935,000
9 Taiwan 3,200,000
10 Spain 2,884,807
11 Canada 2,807,911
12 Brazil 2,092,500
13 Netherlands 2,032,500
14 Australia 1,351,000
15 Belgium 1,112,350

Source: Data provided for the DSL Forum by Point Topic

China, comfortably the largest DSL population worldwide and accounting for
95 % of total subscribers in South and South East Asia, has added more than
2.

In terms of market penetration, eight countries have now passed the DSL
Forum's first stage target for a global broadband DSL mass-market (20% of
all phone lines). Of the
top 20 countries by DSL penetration of phone lines, 13 are in Europe.5
11 Denmark 18. For more information about the DSL Forum, check out
www.dslforum.

gakkai soka

9%
MALAYSI RINGGIT 0.6%
THAILAND BAHT 5.0% NEW ZEALAND 7.3% GERMANY 1.1%
------- -------------------------- SLOVAK REPUBLIC 4. Canada gained almost 165,000
subscribers in the quarter, to total more than 2.23
Global Total 107,300,387 100 ."

Steve Kingdom, president of the DSL Forum, added, "DSL roll-out continues
to reach unprecedented levels, in both established and emerging countries.

manjushri monasteries

2% ASIA 28.4%
-----------------------------------
TOTAL 100.9
20 Austria 13.

temples lineages

MATURITY 4 yrs .0% WEIGHTED AVG.6% SINGAPORE 0. Turkey has already added almost
180,000 subscribers to DSL services this year -- representing a growth of
39%. Significant growth in DSL subscribers over the quarter is also
evident in Thailand (27%), Poland (25%), Mexico (19%) and Portugal (18% ).

burma buddhanet

565%
100.7% PHILIPPINES 1.5%
SWEDISH KRONA 9.5
15 Spain 15.55
Latin America 3,803,367 3.

shin centers

0%

PERCENT PERCENT
NET CURRENCY OF TOTAL OF TOTAL
DISTRIBUTION NET ASSETS COUNTRY DISTRIBUTION NET ASSETS
--------------------------------- ------------------------ -----------
ASIA 26.7%
N ZEAL DOLLAR 7.0% DENMARK 1.8%
CANADIAN DOLLAR 5. The Fund's portfolio is actively
managed and investment allocations can be expected to change.7
6 France 21.0
13 Switzerland 16. With Turkey
leading the way, it has experienced a 24% growth in subscribers so far this
year, to reach 1. By developing new standards
and embracing new applications , the forum works to streamline processes,
define specifications and share best practices that set the stage for
effective deployments, and explosive global DSL growth.

nichiren dharma

8% SOUTH KOREA 13.3
17 UK 14. Established in
1994, the DSL Forum is an international industry consortium of over 200
leading service providers, equipment manufacturers and other interested
parties.

tendai centers

Templeton Releases Closed-End Fund Portfolio Allocation Update

Templeton closed -end Fund:

Templeton Global Income Fund (NYSE:GIM)

The Fund's investment adviser is a subsidiary of Franklin
Resources, Inc.7% AUSTRALIA 5.1% AUSTRIA 2.1
7 Hong Kong 21. It has set a
target of 500 million broadband DSL subscribers by 2010.

theravada butsuryu

----The
Templeton closed-end Fund referenced below, which trades on the New
York Stock Exchange, today released portfolio allocation update
containing the following information as of January 31, 2005:

Asset Allocation

Portfolio Characteristics

Net Currency Distribution

Country Distribution

To obtain a copy of the update, please contact Fund Information at
1-800-342-5236.3% WEIGHTED AVG.0%
--------------------------------- ----------------------- ------------
INDO RUPIAH 5.6% AUSTRALIA/NEW ZEALAND 12. 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. DSL, the world's most popular broadband technology,
reached a global total of 107 million by 31 the second
largest subscriber increase worldwide.2
5 Belgium 21 ."

About the DSL Forum

The DSL Forum is tailoring DSL to meet the needs of the next generation of
multi-media services and the online community.

lineages honmon

6%
--------------------------------- ------ -----------------------------
BRITISH POUND 0.9%
EURO MON UNIT 17 .5%
--------------------------------- NORWAY 3.6% RUSSIA 2.2%
-----------------------------------
NORTH AMERICA 6.6
10 Japan 19 .

cambodia buddhist

3%
US DOLLAR 11.9%
UNITED KINGDOM 0.4%
-----------------------------------
MID-EAST/AFRICA 0. Both Norway and Japan are approaching that mark.0

Source: Data provided for the DSL Forum by Point Topic

European Union (EU) countries continue to make up the world's number one
DSL region, accounting for almost one-third of total DSL subscribers
worldwide.

Regional DSL subscriber totals, Q1 2005

Region Q1 05 DSL % of total DSL
subscriber total subscribers by region

Asia-Pacific 26,300,668 24.5 million DSL subscribers .

monasteries kadampa

(NYSE:BEN), a global investment management
organization operating as Franklin Templeton Investments .1%
-----------------------------------
LATIN AMERICA 5.1%
PERU 0.8 million DSL subscribers
by 31 March 2005.5 million.3
9 Norway 19.70
South and East Asia 20,464,500 19.00

Source: Data provided for the DSL Forum by Point Topic

Latin America continues to show strong growth , gaining almost 420,000
subscribers in the first quarter of 2005.

dharma theravada

com.56 yrs. COUPON 6.4%
DANISH KRONE 1.7% BELGIUM 2.8% FRANCE 1. The information
provided is as of the date shown.

nichiren kadampa

3% MALAYSIA 0.3%
NORTH AMERICA 17.1%
--------------------------------- SWEDEN 9. Emerging markets involve
heightened risks related to the same factors, in addition to those
associated with their relatively small size and lesser liquidity.

(a) EQUITY INCLUDES CONVERTIBLE AND PREFERRED SECURITIES.1
8 Netherlands 20.

temples buddhist

DURATION 3.0%
--------------------------------- -----------------------------------
EUROPE 44. Five countries have more than seven
million subscribers, and a further eight have at least two million
DSL-enabled phone lines.3
12 Italy 18.1
19 Germany 13.

spirituality honmon

Business Editors

FORT LAUDERDALE, Fla. CREDIT QUALITY A+
FIXED INCOME 96.8%
AUSTRALIA/NEW --------------------------------- --
ZEALAND 12.5% FINLAND 2.5%
MEXICO 1.2%
VENEZUELA 3.4
3 Israel 22.07
EU 35 ,654,062 33.

nichiren butsuryu

4%
UKRAINE 2 .

PRESS RELEASE DSL Gains 10 Million New Global Subscribers in First Quarter of 2005

Over 10 million new subscribers chose DSL
(digital subscriber line) for broadband services in the first quarter of
2005, according to the latest data produced for the DSL Forum by industry
analyst Point Topic .4
16 Sweden 14.2 million subscribers in the first three
months of 2005 .

spirituality manjushri

9% INDONESIA 5.6%
--------------------------------- --------------------- --------------
AUSTRALIAN DLR 5.

France, UK, Germany and Japan all added over half a million new subscribers
to broadband DSL in the first three months of 2005 and a further nine
countries gained more than 100,000 subscribers.

Top 20 countries: DSL penetration of phone lines, Q1 05
31 March 2005

Ranking Country Penetration
(DSL/100 phone lines)
Q1 2005

1 South Korea 28.9
2 Taiwan 24. The EU added almost 4.54
Middle East and Africa 1,505,511 1.

"DSL keeps spreading.

theravada spirituality

8%
-----------------------------------
CANADA 5.

centers monasteries

The San Mateo, CA-based company
has more than 50 years of investment experience and over $415 billion
in assets under management as of February 28, 2005.44

PERCENT
OF TOTAL
ASSET ALLOCATION NET ASSETS PORTFOLIO CHARACTERISTICS
--------------------------------- -----------------------------------
CASH + OTHER 3.3%
SOUTH KOREA WON 13.0%
SLOVAK KORUNA 4.0% NETHERLANDS 0.2
18 Canada 14.org.