EX-99.77B ACCT LTTR

                        REPORT OF INDEPENDENT ACCOUNTANTS

To the Board of Trustees and Shareholders
of Templeton Global Governments Income Trust

In planning and performing our audit of the financial statements of Templeton
Global Governments Income Trust (the "Trust") for the year ended August 31, 2001
we considered its internal control, including control activities for
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 the 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 the safeguarding of assets against
unauthorized acquisition, use or disposition.

Because of inherent limitations in internal control, errors or fraud may occur
and not be detected. Also, projection of any evaluation of internal control to
future periods is subject to the risk that controls may become inadequate
because of changes in conditions or that the effectiveness of their 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 one or more
of the internal control components does not reduce to a relatively low level the
risk that misstatements caused by error 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 and its operation, including controls for safeguarding
securities, that we consider to be material weaknesses as defined above as of
August 31, 2001.

This report is intended solely for the information and use of the Board of
Trustees, management and the Securities and Exchange Commission and is not
intended to be and should not be used by anyone other than these specified
parties.

/s/PricewaterhouseCoopers LLP
San Francisco, California
September 26, 2001

EX-99.77J REVALUATN

EXHIBIT 77-J



                    TEMPLETON GLOBAL GOVERNMENTS INCOME TRUST
                            SHARE REPURCHASE PROGRAM
                             FROM 9/1/00 TO 8/31/01



                                                                                           NET      DISCOUT
                                                                                CLOSING   ASSET      % OF
                                                                                MARKET   MARKET     MARKET
                                                                                VALUE    VALUE        TO
                                                                         COST   AS OF    AS OF        NET
                                    DATE                    TOTAL         PER   TRADE    TRADE       ASSET
                                 REPURCHASED     SHARES     COST         SHARE  DATE      DATE       VALUE
                               ----------------------------------------------------------------------------
                                                                              
Shares repurchased from
inception to 8/31/01/1/                         569,300   $3,595,103

Shares Repurchased during
the period:
                                11/03/00        120,000      669,876    $ 5.58  $5.50   $6.31        13%
                                11/06/00         41,700      231,956      5.56   5.69    6.30        10%
                                11/10/00        155,000      856,375      5.53   5.56    6.30        12%
                                11/13/00         58,000      327,201      5.64   5.63    6.30        11%
                                11/17/00         20,000      113,000      5.65   5.63    6.30        11%
                                11/20/00          5,800       32,770      5.65   5.63    6.30        11%
                                12/08/00         90,000      527,247      5.86   5.88    6.43         9%
                                12/11/00         80,000      472,000      5.90   5.75    6.41        10%
                                              ----------  -----------
Total shares repurchased
for current period:                             570,500    3,230,425
                                              ----------  -----------
Total shares repurchased
since inception:                              1,139,800   $6,825,528
                                             ===========  ===========




Percentage of shares repurchased since inception of the repurchase program: 5.0%


1. Inception date of repurchase plan is 2/21/1997.