TEMPLETON INCOME TRUST
N-18F1, 1995-11-13
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                  Form N-18F-1



                NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1
                    UNDER THE INVESTMENT COMPANY ACT OF 1940













                             TEMPLETON INCOME TRUST
                            Exact name of Registrant



<PAGE>


                            NOTIFICATION OF ELECTION



                  The undersigned  registered open-end investment company hereby
notifies the Securities and Exchange  Commission that it elects to commit itself
to pay in cash all  redemptions  by a shareholder  of record as provided by Rule
18f-1 under the  Investment  Company  Act of 1940.  It is  understood  that this
election is  irrevocable  while such Rule is in effect unless the  Commission by
order upon application permits the withdrawal of this Notification of Election.



                                   SIGNATURE



                Pursuant to the requirements of Rule 18f-1 under the Investment 
Company Act of 1940, the registrant has caused this Notification of Election to
be duly executed on its behalf in the city of St. Petersburg, Florida on the 
2nd day of November, 1995.



                                    Signature:       TEMPLETON INCOME TRUST
                                                       (Name of Registrant)



                                                  By:/s/THOMAS M. MISTELE
                                                     Thomas M. Mistele
                                                         Secretary















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