Franklin Templeton Logo

                    TEMPLETON GLOBAL GOVERNMENTS INCOME TRUST
                           500 EAST BROWARD BOULEVARD
                       FT. LAUDERDALE, FLORIDA 33394-3091

                                February 10, 1997

Dear Shareholder:

We are writing to you to ask for your vote on  important  questions  that affect
your investment in Templeton Global Governments  Income Trust (the "Trust").  We
urge you to review the attached proxy statement,  cast your vote, and return the
enclosed proxy card in the envelope provided.


At the meeting, Trust shareholders will be asked to consider and vote on the
following proposals:

     1.  Election of Trustees;


     2.  Ratification of the selection of McGladrey & Pullen,  LLP as the
         independent auditors of the Trust for the current fiscal year; and


     3.  A  shareholder  proposal to amend the Trust's  Declaration  of Trust to
         convert the Trust to an open-end investment company.

The Trustees  unanimously  recommend that you vote "FOR" the first two proposals
and "AGAINST" the third proposal.

The  Trustees  believe  that,  as a  closed-end  investment  company,  the Trust
benefits  from  investment  flexibility,  which  enables  the  Trust to assume a
long-term  investment  horizon.  This affords the Trust the potential to benefit
from  enhanced   earnings  and   consequently   realize  a  greater   return  to
shareholders.  For this  reason  and in light of the  additional  considerations
discussed in the accompanying  proxy statement,  the Trustees do not now believe
that converting the Trust from a closed-end  structure to an open-end structure,
which would fundamentally change the Trust's style of portfolio  management,  is
in the best  interests of the Trust and its  shareholders,  and the Trustees ask
you to vote AGAINST Proposal 3.

We appreciate  your  participation  and prompt response in this matter and thank
you for your continued support.


                                             /s/ GREGORY E. McGOWAN

                                             GREGORY E. McGOWAN
                                             President

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