PAGE 1
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PAGE
PAGE 2
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PAGE
PAGE 3
012 C010001 JERSEY CITY
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PAGE
PAGE 4
015 C010008 TORONTO
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PAGE
PAGE 5
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PAGE
PAGE 6
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PAGE
PAGE 7
015 A000036 THE CHASE MANHATTAN BANK
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PAGE
PAGE 8
015 A000045 THE CHASE MANHATTAN BANK, S.A.
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PAGE
PAGE 9
015 B000054 S
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015 A000059 BARCLAYS BANK OF KENYA
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PAGE
PAGE 10
015 E040063 X
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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
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PAGE
PAGE 15
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PAGE 16
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PAGE 17
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SIGNATURE /s/JAMES R. BAIO
James R. Baio
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The schedule contains summary financial information extracted from the
Templeton Global Governments Income Trust August 31, 1998 annual report
and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000841191
<NAME> TEMPLETON GLOBAL GOVERNMENTS INCOME TRUST
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<NET-CHANGE-FROM-OPS> (2927370)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10313998)
<DISTRIBUTIONS-OF-GAINS> (477504)
<DISTRIBUTIONS-OTHER> (2898965)
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (200000)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (18026700)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (1142142)
<OVERDIST-NET-GAINS-PRIOR> (434912)
<GROSS-ADVISORY-FEES> (990667)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1835826)
<AVERAGE-NET-ASSETS> 180121265
<PER-SHARE-NAV-BEGIN> 7.98
<PER-SHARE-NII> .55
<PER-SHARE-GAIN-APPREC> (.68)
<PER-SHARE-DIVIDEND> (.45)
<PER-SHARE-DISTRIBUTIONS> (.02)
<RETURNS-OF-CAPITAL> (.13)
<PER-SHARE-NAV-END> 7.25
<EXPENSE-RATIO> 1.02
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
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, 1998, we
considered its internal control, including controls over safeguarding
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 internal control.
The management of Templeton Global Governments Income Trust is responsible for
establishing and maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of controls. Generally, controls that are
relevant to an audit pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented in conformity with
generally accepted accounting principles. Those controls include safeguarding of
assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or fraud may occur
and may not be detected. Also, projection of any evaluation of internal control
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 internal control would not necessarily disclose all matters
in internal control 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 component does not reduce to a relatively low level
the risk that errors or fraud 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 internal control, including
controls over safeguarding securities that we consider to be material weaknesses
as defined above as of August 31, 1998.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
/s/MCGLADREY & PULLEN, LLP
September 29, 1998
New York, New York
