TEMPLETON GLOBAL GOVERNMENTS INCOME TRUST
Broward Financial Centre
500 East Broward Blvd./Suite 2100
Ft. Lauderdale, FL 33394-3091
Tel: 954/527-7500
FOR IMMEDIATE RELEASE:
Contact Holly Gibson at 415/312-4701.
TEMPLETON GLOBAL GOVERNMENTS INCOME TRUST
ANNOUNCES OPEN MARKET SHARE REPURCHASE PROGRAM
Ft. Lauderdale, Florida, February 26, 1997. Templeton Global Governments Income
Trust (the "Trust") (New York Stock Exchange: TGG), a closed-end management
investment company, announced today that the Board of Trustees of the Trust has
authorized management to implement an open-market share repurchase program
pursuant to which the Trust from time to time at the discretion of management
may purchase up to an aggregate of 2 million shares of the Trust's shares of
beneficial interest (approximately 10% of the shares outstanding on February 18,
1997) in open-market transactions.
The Trust is designed for investors seeking a high level of current income
consistent with the preservation of capital through investing in debt securities
of government entities of various nations throughout the world. The Trust's
investment manager is the Templeton Global Bond Managers Division of Templeton
Investment Counsel, Inc., and Neil S. Devlin is the Trust's lead portfolio
manager. The Trust currently has total assets in excess of $188 million.
The Trust's investment manager is a subsidiary of Franklin Resources, Inc.
(NYSE: BEN). Franklin's main business is the $186 billion Franklin Templeton
Group. Franklin has its headquarters at 777 Mariners Island Blvd., San Mateo,
California 94404.
