<PAGE>
PAGE 1
000 A000000 02/28/98
000 C000000 795402
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 TEMPLETON INCOME TRUST
001 B000000 811-4706
001 C000000 9545277591
002 A000000 500 EAST BROWARD BOULEVARD
002 B000000 FT. LAUDERDALE
002 C000000 FL
002 D010000 33394
002 D020000 3091
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 TEMPLETON GLOBAL BOND FUND
007 C030100 N
<PAGE>
PAGE 2
008 A00AA01 TEMPLETON INVESTMENT COUNSEL, INC
008 B00AA01 A
008 C00AA01 801-15125
008 D01AA01 FORT LAUDERDALE
008 D02AA01 FL
008 D03AA01 33394
008 D04AA01 3091
010 A00AA01 FRANKLIN TEMPLETON SERVICES, INC.
010 C01AA01 FT. LAUDERDALE
010 C02AA01 FL
010 C03AA01 33394
010 C04AA01 3091
011 A00AA01 FRANKLIN TEMPLETON DISTRIBUTORS, INC.
011 B00AA01 8-5889
011 C01AA01 ST. PETERSBURG
011 C02AA01 FL
011 C03AA01 33716
011 C04AA01 1205
012 A00AA01 FRANKLIN TEMPLETON INVESTOR SERVICES, INC
012 B00AA01 84-00000
012 C01AA01 ST. PETERSBURG
012 C02AA01 FL
012 C03AA01 33716
012 C04AA01 1205
013 A00AA01 MCGLADREY & PULLEN, LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
<PAGE>
PAGE 3
013 B03AA01 10017
013 B04AA01 2416
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 214
019 C00AA00 FRNKTEMGRP
020 A000001 NATWEST SECURITIES
020 B000001 13-3312778
020 C000001 8
020 A000002 BRIDGE TRADING
020 B000002 43-1450530
020 C000002 5
020 A000003 MCDONALD & CO
020 B000003 34-0642435
020 C000003 1
021 000000 14
022 A000001 DEUTSCHE BANK
022 B000001 13-2730828
022 C000001 494318
022 D000001 8400
022 A000002 LEHMAN
022 B000002 13-2518466
022 C000002 170161
022 D000002 0
022 A000003 HONG KONG SHANGHAI BANK
022 B000003 HONG KONG
022 C000003 110601
022 D000003 19982
022 A000004 SWISS BANK CORP
022 B000004 13-2741554
022 C000004 71939
022 D000004 0
022 A000005 MORGAN STANLEY
022 B000005 13-2655998
022 C000005 67487
022 D000005 2216
022 A000006 UBS SECURITIES
022 B000006 13-3873456
022 C000006 49194
022 D000006 0
022 A000007 BANK OF AMERICA
022 B000007 36-0947896
022 C000007 48295
022 D000007 0
022 A000008 MERRILL LYNCH
022 B000008 13-5674085
022 C000008 22833
022 D000008 19738
022 A000009 DRESDNER BANK
022 B000009 04-2442748
<PAGE>
PAGE 4
022 C000009 40349
022 D000009 0
022 A000010 WESTPAC
022 B000010 NEW ZEALAN
022 C000010 17854
022 D000010 9071
023 C000000 1156554
023 D000000 64841
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
077 A000000 N
078 000000 N
015 A000101 THE CHASE MANHATTAN BANK
015 B000101 C
015 C010101 NEW YORK
015 C020101 NY
015 C030101 10081
015 E010101 X
015 A000102 THE CHASE MANHATTAN BANK
015 B000102 S
015 C010102 SYDNEY
015 D010102 AUSTRALIA
015 D020102 2000
015 E040102 X
015 A000103 CANADA TRUST
015 B000103 S
015 C010103 TORONTO
015 D010103 CANADA
015 D020103 M5J 2T2
015 E040103 X
015 A000104 THE ROYAL BANK OF CANADA
<PAGE>
PAGE 5
015 B000104 S
015 C010104 TORONTO
015 D010104 CANADA
015 D020104 M5J 2J5
015 E040104 X
015 A000105 STANDARD CHARTERED BANK
015 B000105 S
015 C010105 DHAKA
015 D010105 BANGLADESH
015 D020105 1000
015 E040105 X
015 A000106 HONG KONG & SHANGHAI BANKING CORP. LTD.
015 B000106 S
015 C010106 COLOMBO
015 D010106 SRI LANKA
015 D020106 1
015 E040106 X
015 A000107 BANCO CHASE MANHATTAN S. A.
015 B000107 S
015 C010107 SAO PAULO
015 D010107 BRAZIL
015 D020107 04719-002
015 E040107 X
015 A000108 GENERALE BANK
015 B000108 S
015 C010108 BRUSSELS
015 D010108 BELGIUM
015 D020108 1000
015 E040108 X
015 A000109 CREDITANSTALT A.G.
015 B000109 S
015 C010109 VIENNA
015 D010109 AUSTRIA
015 D020109 A- 1011
015 E040109 X
015 A000110 THE CHASE MANHATTAN BANK
015 B000110 S
015 C010110 BUENOS AIRES
015 D010110 ARGENTINA
015 D020110 1061
015 E040110 X
015 A000111 DEN DANSKE BANK
015 B000111 S
015 C010111 COPENHAGEN
015 D010111 DENMARK
015 E040111 X
015 A000112 MERITA BANK LTD
015 B000112 S
015 C010112 HELSINKI
015 D010112 FINLAND
015 E040112 X
<PAGE>
PAGE 6
015 A000113 BANQUE PARIBAS
015 B000113 S
015 C010113 PARIS
015 D010113 FRANCE
015 D020113 75078
015 E040113 X
015 A000114 DRESDNER BANK A. G.
015 B000114 S
015 C010114 FRANKFURT
015 D010114 GERMANY
015 E040114 X
015 A000115 BARCLAYS BANK PLC
015 B000115 S
015 C010115 ATHENS
015 D010115 GREECE
015 D020115 10562
015 E040115 X
015 A000116 THE CHASE MANHATTAN BANK
015 B000116 S
015 C010116 HONG KONG
015 D010116 HONG KONG
015 E040116 X
015 A000117 THE HONG KONG AND SHANGHAI BANKING CORP LTD
015 B000117 S
015 C010117 JAKARTA
015 D010117 INDONESIA
015 D020117 10023
015 E040117 X
015 A000118 BANK OF IRELAND
015 B000118 S
015 C010118 DUBLIN
015 D010118 IRELAND
015 D020118 1
015 E040118 X
015 A000119 BANK LEUMI LE ISRAEL B.M.
015 B000119 S
015 C010119 TEL AVIV
015 D010119 ISRAEL
015 D020119 61000
015 E040119 X
015 A000120 BANQUE PARIBAS
015 B000120 S
015 C010120 MILAN
015 D010120 ITALY
015 D020120 20121
015 E040120 X
015 A000121 SOCIETE GENERALE
015 B000121 S
015 C010121 PARIS
015 D010121 FRANCE
015 D020121 75009
<PAGE>
PAGE 7
015 E040121 X
015 A000122 THE CHASE MANHATTAN BANK
015 B000122 S
015 C010122 KUALA LUMPUR
015 D010122 MALAYSIA
015 D020122 50250
015 E040122 X
015 A000123 ABN AMRO N. V.
015 B000123 S
015 C010123 DE BREDA
015 D010123 NETHERLANDS
015 D020123 4800
015 E040123 X
015 A000124 NATIONAL NOMINEES LTD
015 B000124 S
015 C010124 AUCKLAND
015 D010124 NEW ZEALAND
015 E040124 X
015 A000125 DEN NORSKE BANK
015 B000125 S
015 C010125 OSLO
015 D010125 NORWAY
015 D020125 N-0107
015 E040125 X
015 A000126 THE HONG KONG & SHANGHAI BANKING CORP LTD
015 B000126 S
015 C010126 MANILA
015 D010126 PHILIPPINES
015 E040126 X
015 A000127 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B000127 S
015 C010127 LISBON
015 D010127 PORTUGAL
015 D020127 1250
015 E040127 X
015 A000128 THE CHASE MANHATTAN BANK, S.A.
015 B000128 S
015 C010128 MEXICO D.F.
015 D010128 MEXICO
015 D020128 01210
015 E040128 X
015 A000129 THE HONG KONG & SHANGHAI BANKING CORP LTD
015 B000129 S
015 C010129 SHENZHEN
015 D010129 CHINA
015 E040129 X
015 A000130 STANDARD CHARTERED BANK
015 B000130 S
015 C010130 SINGAPORE
015 D010130 SINGAPORE
015 D020130 049909
<PAGE>
PAGE 8
015 E040130 X
015 A000131 THE STANDARD BANK OF SOUTH AFRICA LTD
015 B000131 S
015 C010131 JOHANNESBURG
015 D010131 SOUTH AFRICA
015 E040131 X
015 A000132 THE HONG KONG & SHANGHAI BANKING CORP LTD
015 B000132 S
015 C010132 SEOUL
015 D010132 SOUTH KOREA
015 E040132 X
015 A000133 THE CHASE MANHATTAN BANK
015 B000133 S
015 C010133 ISTANBUL
015 D010133 TURKEY
015 E040133 X
015 A000134 THE HONG KONG & SHANGHAI BANKING CORP LTD
015 B000134 S
015 C010134 SHANGHAI
015 D010134 CHINA
015 D020134 200120
015 E040134 X
015 A000135 THE CHASE MANHATTAN BANK
015 B000135 S
015 C010135 MADRID
015 D010135 SPAIN
015 D020135 28046
015 E040135 X
015 A000136 SKANDINAVISKA ENSKILDA BANKEN
015 B000136 S
015 C010136 STOCKHOLM
015 D010136 SWEDEN
015 D020136 S-106 40
015 E040136 X
015 A000137 UNION BANK OF SWITZERLAND
015 B000137 S
015 C010137 ZURICH
015 D010137 SWITZERLAND
015 D020137 8021
015 E040137 X
015 A000138 THE CHASE MANHATTAN BANK
015 B000138 S
015 C010138 BANGKOK
015 D010138 THAILAND
015 D020138 10500
015 E040138 X
015 A000139 THE CHASE MANHATTAN BANK
015 B000139 S
015 C010139 LONDON
015 D010139 UNITED KINGDOM
015 D020139 E1 9YT
<PAGE>
PAGE 9
015 E040139 X
015 A000140 THE FIRST NATIONAL BANK OF BOSTON
015 B000140 S
015 C010140 MONTEVIDEO
015 D010140 URUGUAY
015 E040140 X
015 A000141 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
015 B000141 S
015 C010141 ABIDJAN
015 D010141 IVORY COAST
015 D020141 01
015 E040141 X
015 A000142 THE BANK OF BERMUDA LTD
015 B000142 S
015 C010142 HAMILTON
015 D010142 BERMUDA
015 E040142 X
015 A000143 CITIBANK, N.A.
015 B000143 S
015 C010143 KARACHI
015 D010143 PAKISTAN
015 D020143 74200
015 E040143 X
015 A000144 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000144 S
015 C010144 PRAHA
015 D010144 CZECH REPUBLIC
015 D020144 115 20
015 E040144 X
015 A000145 NATIONAL BANK OF EGYPT
015 B000145 S
015 C010145 CAIRO
015 D010145 EGYPT
015 E040145 X
015 A000146 BARCLAYS BANK OF GHANA LTD
015 B000146 S
015 C010146 ACCRA
015 D010146 GHANA
015 E040146 X
015 A000147 THE HONG KONG AND SHANGHAI BANKING CORP LTD
015 B000147 S
015 C010147 CUREPIPE
015 D010147 MAURITIUS
015 E040147 X
015 A000148 BANQUE COMMERCIALE DU MAROC
015 B000148 S
015 C010148 CASABLANCA
015 D010148 MOROCCO
015 D020148 20000
015 E040148 X
015 A000149 BANK POLSKA KASA OPIEKI, S.A.
<PAGE>
PAGE 10
015 B000149 S
015 C010149 WARSAW
015 D010149 POLAND
015 D020149 00-950
015 E040149 X
015 A000150 BARCLAYS BANK OF ZIMBABWE
015 B000150 S
015 C010150 HARARE
015 D010150 ZIMBABWE
015 E040150 X
015 A000151 BANK HANDLOWY W. WARSZAWIE S.A.
015 B000151 S
015 C010151 WARSAW
015 D010151 POLAND
015 D020151 00-950
015 E040151 X
015 A000152 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B000152 S
015 C010152 BRATISLAVA
015 D010152 SLOVAK REPUBLIC
015 D020152 815 63
015 E040152 X
015 A000153 CITIBANK BUDAPEST RT
015 B000153 S
015 C010153 BUDAPEST
015 D010153 HUNGARY
015 D020153 H-1051
015 E040153 X
015 A000154 CITIBANK, N.A.
015 B000154 S
015 C010154 LIMA
015 D010154 PERU
015 D020154 27
015 E040154 X
015 A000155 BARCLAYS BANK OF BOTSWANA LTD
015 B000155 S
015 C010155 GABORONE
015 D010155 BOTSWANA
015 E040155 X
015 A000156 THE FUJI BANK LTD
015 B000156 S
015 C010156 TOKYO
015 D010156 JAPAN
015 E040156 X
015 A000157 BARCLAYS BANK OF KENYA
015 B000157 S
015 C010157 NAIROBI
015 D010157 KENYA
015 E040157 X
015 A000158 DEUTSCHE BANK A. G.
015 B000158 S
<PAGE>
PAGE 11
015 C010158 KARACHI
015 D010158 PAKISTAN
015 E040158 X
015 A000159 BARCLAYS BANK OF ZAMBIA
015 B000159 S
015 C010159 LUSAKA
015 D010159 ZAMBIA
015 E040159 X
015 A000160 THE BRITISH BANK OF THE MIDDLE EAST
015 B000160 S
015 C010160 MANAMA
015 D010160 BAHRAIN
015 E040160 X
015 A000161 BARCLAYS BANK PLC
015 B000161 S
015 C010161 NICOSIA
015 D010161 CYPRUS
015 D020161 1644
015 E040161 X
015 A000162 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000162 S
015 C010162 BOMBAY
015 D010162 INDIA
015 D020162 400 001
015 E040162 X
015 A000163 BANQUE GENERALE DU LUXEMBOURG S.A.
015 B000163 S
015 C010163 LUXEMBOURG
015 D010163 LUXEMBOURG
015 D020163 L-2951
015 E040163 X
015 A000164 STANDARD BANK NAMIBIA LTD
015 B000164 S
015 C010164 WINDHOEK
015 D010164 NAMIBIA
015 E040164 X
015 A000165 THE BRITISH BANK OF THE MIDDLE EAST
015 B000165 S
015 C010165 MUSCAT
015 D010165 OMAN
015 E040165 X
015 A000166 CHASE MANHATTAN BANK INTERNATIONAL
015 B000166 S
015 C010166 MOSCOW
015 D010166 RUSSIA
015 D020166 125047
015 E040166 X
015 A000167 STANBIC BANK SWAZILAND LTD
015 B000167 S
015 C010167 MBABANE
015 D010167 SWAZILAND
<PAGE>
PAGE 12
015 E040167 X
015 A000168 CEDEL BANK S. A.
015 B000168 S
015 C010168 LUXEMBOURG
015 D010168 LUXEMBOURG
015 E040168 X
015 A000169 FIRST CHICAGO CLEARING CENTER
015 B000169 S
015 C010169 LONDON
015 D010169 UNITED KINGDOM
015 D020169 EC3A1AA
015 E040169 X
015 A000170 CITIBANK, N.A.
015 B000170 S
015 C010170 CARACAS
015 D010170 VENEZUELA
015 D020170 1010
015 E040170 X
015 A000171 CITIBANK, N.A.
015 B000171 S
015 C010171 QUITO
015 D010171 ECUADOR
015 E040171 X
015 A000172 DEUTSCHE BANK, A.G.
015 B000172 S
015 C010172 BOMBAY
015 D010172 INDIA
015 D020172 400 001
015 E040172 X
015 A000173 THE BRITISH BANK OF THE MIDDLE EAST
015 B000173 S
015 C010173 RAS-BEIRUT
015 D010173 LEBANON
015 E040173 X
015 A000174 CREDIT SUISSE FIRST BOSTON LTD
015 B000174 S
015 C010174 MOSCOW
015 D010174 RUSSIA
015 D020174 103009
015 E040174 X
024 000100 N
025 D000101 0
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 7338
028 A020100 829
<PAGE>
PAGE 13
028 A030100 0
028 A040100 4329
028 B010100 8082
028 B020100 833
028 B030100 0
028 B040100 5441
028 C010100 5781
028 C020100 855
028 C030100 0
028 C040100 6532
028 D010100 5874
028 D020100 923
028 D030100 0
028 D040100 9352
028 E010100 7813
028 E020100 837
028 E030100 0
028 E040100 8447
028 F010100 5984
028 F020100 837
028 F030100 0
028 F040100 6107
028 G010100 40872
028 G020100 5114
028 G030100 0
028 G040100 40208
028 H000100 16608
029 000100 Y
030 A000100 267
030 B000100 4.25
030 C000100 0.00
031 A000100 0
031 B000100 2
032 000100 269
033 000100 0
034 000100 Y
035 000100 5
036 A000100 Y
036 B000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 Y
041 000100 Y
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
<PAGE>
PAGE 14
042 H000100 100
043 000100 318
044 000100 33
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 200000
048 A020100 0.500
048 B010100 1100000
048 B020100 0.450
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 1300000
048 K020100 0.400
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
054 A000100 Y
054 B000100 Y
054 C000100 Y
054 D000100 N
054 E000100 N
054 F000100 N
054 G000100 N
054 H000100 Y
054 I000100 N
054 J000100 Y
054 K000100 N
054 L000100 Y
054 M000100 Y
054 N000100 N
054 O000100 N
055 A000100 N
055 B000100 N
<PAGE>
PAGE 15
056 000100 Y
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 N
060 B000100 N
061 000100 100
062 A000100 Y
062 B000100 0.0
062 C000100 1.7
062 D000100 4.1
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 35.6
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062 O000100 0.0
062 P000100 4.9
062 Q000100 51.2
062 R000100 2.5
063 A000100 0
063 B000100 5.0
064 A000100 N
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 Y
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
<PAGE>
PAGE 16
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 77584
071 B000100 68173
071 C000100 212780
071 D000100 32
072 A000100 6
072 B000100 8209
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072 F000100 570
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072 I000100 151
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072 K000100 18
072 L000100 17
072 M000100 14
072 N000100 32
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072 T000100 318
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072 X000100 1339
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072 Z000100 7038
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<PAGE>
PAGE 17
072CC010100 0
072CC020100 2011
072DD010100 6122
072DD020100 967
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074 U010100 20316
074 U020100 3426
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074 V020100 0.00
074 W000100 0.0000
074 X000100 17344
074 Y000100 0
075 A000100 0
075 B000100 233394
076 000100 0.00
080 A000100 ICI MUTUAL INSURANCE COMPANY
080 B000100 NONE
080 C000100 0
081 B000100 0
082 B000100 0
083 A000100 N
083 B000100 0
084 A000100 N
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<PAGE>
PAGE 18
085 A000100 N
085 B000100 N
SIGNATURE /s/JAMES R. BAIO
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE TEMPLETON
GLOBAL BOND FUND, FEBRUARY 28, 1998 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000795402
<NAME> TEMPLETON INCOME TRUST
<SERIES>
<NUMBER> 001
<NAME> TEMPLETON GLOBAL BOND FUND - CLASS I
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1998
<PERIOD-END> FEB-28-1998
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<INVESTMENTS-AT-VALUE> 216726556
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<ASSETS-OTHER> 239556
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<TOTAL-ASSETS> 233057513
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<OTHER-ITEMS-LIABILITIES> 1603842
<TOTAL-LIABILITIES> 1603842
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 237262128
<SHARES-COMMON-STOCK> 20316311
<SHARES-COMMON-PRIOR> 20167728
<ACCUMULATED-NII-CURRENT> 692098
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<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (558586)
<ACCUM-APPREC-OR-DEPREC> (5941969)
<NET-ASSETS> 231453671
<DIVIDEND-INCOME> 167845
<INTEREST-INCOME> 8209649
<OTHER-INCOME> 0
<EXPENSES-NET> (1339066)
<NET-INVESTMENT-INCOME> 7038428
<REALIZED-GAINS-CURRENT> 355409
<APPREC-INCREASE-CURRENT> 2011379
<NET-CHANGE-FROM-OPS> 5382458
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6122154)
<DISTRIBUTIONS-OF-GAINS> (102441)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2981151
<NUMBER-OF-SHARES-REDEEMED> (3299323)
<SHARES-REINVESTED> 466755
<NET-CHANGE-IN-ASSETS> 3951084
<ACCUMULATED-NII-PRIOR> 742866
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (794805)
<GROSS-ADVISORY-FEES> (570409)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1339066)
<AVERAGE-NET-ASSETS> 201227175
<PER-SHARE-NAV-BEGIN> 9.82
<PER-SHARE-NII> 0.30
<PER-SHARE-GAIN-APPREC> (0.06)
<PER-SHARE-DIVIDEND> (0.30)
<PER-SHARE-DISTRIBUTIONS> (0.01)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.75
<EXPENSE-RATIO> 1.14<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>EXPENSE RATIO IS ANNUALIZED.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE TEMPLETON
GLOBAL BOND FUND, FEBRUARY 28, 1998 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000795402
<NAME> TEMPLETON INCOME TRUST
<SERIES>
<NUMBER> 002
<NAME> TEMPLETON GLOBAL BOND FUND - CLASS II
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1998
<PERIOD-END> FEB-28-1998
<INVESTMENTS-AT-COST> 222486289
<INVESTMENTS-AT-VALUE> 216726556
<RECEIVABLES> 16091401
<ASSETS-OTHER> 239556
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 233057513
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1603842
<TOTAL-LIABILITIES> 1603842
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 237262128
<SHARES-COMMON-STOCK> 2002340
<SHARES-COMMON-PRIOR> 1691845
<ACCUMULATED-NII-CURRENT> 692098
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (558586)
<ACCUM-APPREC-OR-DEPREC> (5941969)
<NET-ASSETS> 231453671
<DIVIDEND-INCOME> 167845
<INTEREST-INCOME> 8209649
<OTHER-INCOME> 0
<EXPENSES-NET> (1339066)
<NET-INVESTMENT-INCOME> 7038428
<REALIZED-GAINS-CURRENT> 355409
<APPREC-INCREASE-CURRENT> 2011379
<NET-CHANGE-FROM-OPS> 5382458
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (523204)
<DISTRIBUTIONS-OF-GAINS> (9486)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 500737
<NUMBER-OF-SHARES-REDEEMED> (237090)
<SHARES-REINVESTED> 46848
<NET-CHANGE-IN-ASSETS> 3951084
<ACCUMULATED-NII-PRIOR> 742866
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (794805)
<GROSS-ADVISORY-FEES> (570409)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1339066)
<AVERAGE-NET-ASSETS> 18230340
<PER-SHARE-NAV-BEGIN> 9.83
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> (0.07)
<PER-SHARE-DIVIDEND> (0.28)
<PER-SHARE-DISTRIBUTIONS> (0.01)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.75
<EXPENSE-RATIO> 1.53<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>EXPENSE RATIO IS ANNUALIZED.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE TEMPLETON
GLOBAL BOND FUND, FEBRUARY 28, 1998 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000795402
<NAME> TEMPLETON INCOME TRUST
<SERIES>
<NUMBER> 003
<NAME> TEMPLETON GLOBAL BOND FUND - ADVISOR CLASS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1998
<PERIOD-END> FEB-28-1998
<INVESTMENTS-AT-COST> 222486289
<INVESTMENTS-AT-VALUE> 216726556
<RECEIVABLES> 16091401
<ASSETS-OTHER> 239556
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 233057513
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1603842
<TOTAL-LIABILITIES> 1603842
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 237262128
<SHARES-COMMON-STOCK> 1423207
<SHARES-COMMON-PRIOR> 1297699
<ACCUMULATED-NII-CURRENT> 692098
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (558586)
<ACCUM-APPREC-OR-DEPREC> (5941969)
<NET-ASSETS> 231453671
<DIVIDEND-INCOME> 167845
<INTEREST-INCOME> 8209649
<OTHER-INCOME> 0
<EXPENSES-NET> (1339066)
<NET-INVESTMENT-INCOME> 7038428
<REALIZED-GAINS-CURRENT> 355409
<APPREC-INCREASE-CURRENT> 2011379
<NET-CHANGE-FROM-OPS> 5382458
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (443838)
<DISTRIBUTIONS-OF-GAINS> (7263)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 668204
<NUMBER-OF-SHARES-REDEEMED> (549940)
<SHARES-REINVESTED> 7244
<NET-CHANGE-IN-ASSETS> 3951084
<ACCUMULATED-NII-PRIOR> 742866
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (794805)
<GROSS-ADVISORY-FEES> (570409)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1339066)
<AVERAGE-NET-ASSETS> 13936303
<PER-SHARE-NAV-BEGIN> 9.82
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> (0.07)
<PER-SHARE-DIVIDEND> (0.31)
<PER-SHARE-DISTRIBUTIONS> (0.01)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.74
<EXPENSE-RATIO> 0.88<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>EXPENSE RATIO IS ANNUALIZED.
</FN>
</TABLE>
