CERTIFICATE OF TRUST

                                       OF

                          TEMPLETON GLOBAL INCOME FUND

         This Certificate of Trust of Templeton Global Income Fund, a statutory
trust (the "Trust"),  executed by the undersigned trustees,  and filed under and
in accordance  with the provisions of the Delaware  Statutory Trust Act (12 DEL.
C.ss.3801 et seq.), sets forth the following:

         FIRST:  The name of the statutory trust formed hereby is Templeton
         Global Income Fund.

         SECOND: The address of the registered office of the Trust in the State
         of Delaware is 919 North Market Street, Suite 600, Wilmington, Delaware
         19801. The name of the Trust's registered agent at such address is SR
         Services, LLC.

         THIRD: The Trust formed hereby is or will become an investment company
         registered under the Investment Company Act of 1940, as amended (15
         U.S.C. ss.ss.80a-1 et seq.).

         IN WITNESS WHEREOF, the undersigned, being all of the trustees of the
Trust, have duly executed this Certificate of Trust as of the 2nd day of
December 2003.


/s/CHARLES B. JOHNSON                     /s/EDITH E. HOLIDAY
--------------------------------          -----------------------------------
Charles B. Johnson                        Edith E. Holiday


/s/HARRIS J. ASHTON                       /s/BETTY P. KRAHMER
--------------------------------          -----------------------------------
Harris J. Ashton                          Betty P. Krahmer


/s/NICHOLAS F. BRADY                      /s/GORDON S. MACKLIN
--------------------------------          -----------------------------------
Nicholas F. Brady                         Gordon S. Macklin


/s/FRANK J. CROTHERS                      /s/FRED R. MILLSAPS
--------------------------------          -----------------------------------
Frank J. Crothers                         Fred R. Millsaps


/s/S. JOSEPH FORTUNATO                    /s/FRANK A. OLSON
--------------------------------          -----------------------------------
S. Joseph Fortunato                       Frank A. Olson


/s/ANDREW H. HINES, JR.                   /s/CONSTANTINE D. TSERETOPOULOS
--------------------------------          -----------------------------------
Andrew H. Hines, Jr.                      Constantine D. Tseretopoulos