<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001477279</cik>
        <entityName>Templeton Global Bond Plus Fund, L.P.</entityName>
        <issuerAddress>
            <street1>ONE FRANKLIN PARKWAY</street1>
            <city>SAN MATEO</city>
            <stateOrCountry>CA</stateOrCountry>
            <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
            <zipCode>94403-1906</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>650-312-4841</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>EDWARD</firstName>
                <middleName>B.</middleName>
                <lastName>JAMIESON</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>ONE FRANKLIN PARKWAY</street1>
                <city>SAN MATEO</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>94403-1906</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>President, Chief Investment Officer &amp; Director of Franklin Advisers, Inc., the Investment Manager and the Sole Member of the General Partner.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>FRANKLIN ADVISERS GP, LLC</firstName>
                <lastName>FRANKLIN ADVISERS GP, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>ONE FRANKLIN PARKWAY</street1>
                <city>SAN MATEO</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>94403-1906</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>General Partner of the Issuer.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>KENT</firstName>
                <middleName>P.</middleName>
                <lastName>STRAZZA</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>ONE FRANKLIN PARKWAY</street1>
                <street2>BUILDING 960, 4TH FLOOR</street2>
                <city>SAN MATEO</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>94403-1906</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>President of Franklin Templeton Institutional, LLC.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>SCOTT</firstName>
                <middleName>M.</middleName>
                <lastName>LEE</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>ONE FRANKLIN PARKWAY</street1>
                <city>SAN MATEO</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>94403-1906</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Managing Director, U.S. Institutional Sales</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001477279-10-000001</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-04-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>10000000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>JOHN CARTER BAILEY, JR.</recipientName>
                <recipientCRDNumber>4230367</recipientCRDNumber>
                <associatedBDName>FRANKLIN TEMPLETON FINANCIAL SERVICES CORP.</associatedBDName>
                <associatedBDCRDNumber>13594</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>ONE FRANKLIN PARKWAY</street1>
                    <city>SAN MATEO</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>94403-1906</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>96487000</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>3</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>8336</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </findersFees>
            <clarificationOfResponse>When applicable, commission is 20% of applicable management fee in Year 1 of investment and 10% of applicable management fee in Year 2 of investment.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>INVESTMENT MANAGER RECEIVES A MONTHLY MANAGEMENT FEE FOR SERVICES TO ISSUER ON AN ANNUALIZED BASIS OF NET ASSETS ATTRIBUTABLE TO EACH SERIES AS FOLLOWS:  0.40% UP TO AND INCLUDING $50M, 0.30% OVER $50M AND UP TO AND INCLUDING $100M, AND 0.25% OVER $100M.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Templeton Global Bond Plus Fund, L.P.</issuerName>
                <signatureName>JOHN M. LUSK</signatureName>
                <nameOfSigner>JOHN M. LUSK</nameOfSigner>
                <signatureTitle>DIRECTOR , FRANKLIN ADVISERS, INC., SOLE MEMBER OF GP</signatureTitle>
                <signatureDate>2010-10-20</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
