TEMPLETON INCOME TRUST
N-30D/A, 1996-05-21
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                      SUPPLEMENT TO THE SEMI-ANNUAL REPORT

                   Semi-Annual Report dated February 29, 1996
                              Templeton Income Fund

Effective today, the Fund's name will be changed to "Templeton Global Bond
Fund."

May 15, 1996                                         TL406 STKSA 5/96


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