<PAGE> PAGE 1
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<PAGE> PAGE 2
008 A000004 DELETE
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<PAGE> PAGE 3
015 C010006 SAO PAULO
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<PAGE> PAGE 4
015 E040015 X
"015 A000016 NATIONAL BANK OF GREECE, S.A."
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015 E040016 X
"015 A000017 CHASE MANHATTAN BANK, N.A."
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<PAGE> PAGE 5
015 A000026 ABN-AMRO
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<PAGE> PAGE 6
015 D020035 8021
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"015 A000039 CHASE MANHATTAN BANK, N.A."
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<PAGE> PAGE 7
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022 C000009 10734
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
SIGNATURE JAMES R. BAIO
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE TEMPLETON GLOBAL GOVERNMENTS INCOME TRUST AUGUST 31, 1994 ANNUAL
REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-1994
<PERIOD-END> AUG-31-1994
<INVESTMENTS-AT-COST> 191258452
<INVESTMENTS-AT-VALUE> 170896862
<RECEIVABLES> 4649021
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1103775
<TOTAL-ASSETS> 176649658
<PAYABLE-FOR-SECURITIES> 2545627
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1517751
<TOTAL-LIABILITIES> 4063378
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 193163960<F1>
<SHARES-COMMON-STOCK> 22842821
<SHARES-COMMON-PRIOR> 22737008
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (1142142)<F5>
<ACCUMULATED-NET-GAINS> (174978)<F6>
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (19260560)
<NET-ASSETS> 172586280
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 16587046
<OTHER-INCOME> 0
<EXPENSES-NET> 1931734
<NET-INVESTMENT-INCOME> 14655312
<REALIZED-GAINS-CURRENT> (12025067)
<APPREC-INCREASE-CURRENT> (6665555)
<NET-CHANGE-FROM-OPS> (4035310)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1142142)<F2>
<DISTRIBUTIONS-OF-GAINS> (1519191)
<DISTRIBUTIONS-OTHER> (11951721)<F3>
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 105813
<NET-CHANGE-IN-ASSETS> (17771478)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 78189<F7>
<OVERDISTRIB-NII-PRIOR> (1364221)<F8>
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1001998
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1931734
<AVERAGE-NET-ASSETS> 182181394
<PER-SHARE-NAV-BEGIN> 8.37
<PER-SHARE-NII> 0.64
<PER-SHARE-GAIN-APPREC> (0.81)
<PER-SHARE-DIVIDEND> (0.05)<F9>
<PER-SHARE-DISTRIBUTIONS> (0.07)
<RETURNS-OF-CAPITAL> (0.52)
<PER-SHARE-NAV-END> 7.56
<EXPENSE-RATIO> 1<F4>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Distributions of $1,343,652 and $104,271 which had been previously reported
as distributions from net investment income and amounts distributed
in excess of net investment income, respectively, have been restated as
distributions from tax return of capital in the amounts of $1,447,923.
In addition to these restatements, $13,291,091 has been reclassified
from undistributed net investment income to accumulated net realized loss.
<F2>The distributions are excess of net investment income.
<F3>Tax basis return of capital.
<F4>The expense ratio per the Templeton Global Governments Income Trust
Annual Report August 31, 1994 is 1.06%.
<F5>See F1.
<F6>See F1.
<F7>See F1.
<F8>See F1.
<F9>See F2.
</FN>
</TABLE>
REPORT OF CERTIFIED PUBLIC ACCOUNTANTS
The Board of Trustees and Shareholders
Templeton Global Governments Income Trust
In planning and performing our audit of the financial statements of Templeton
Global Governments Income Trust for the year ended August 31, 1994, we
considered its internal control structure, including procedures for safe-
guarding securities, in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial statements and to comply
with the requirements of Form N-SAR, not to provide assurance on the internal
control structure.
The management of Templeton Global Governments Income Trust is responsible for
establishing and maintaining an internal control structure. In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of internal control structure policies and
procedures. Two of the objectives of an internal control structure are to
provide management with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it
may become inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safe-
guarding securities, that we consider to be material weaknesses as defined
above as of August 31, 1994.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
McGladrey & Pullen
New York, New York
September 27, 1994
