AMENDMENT TO
                            TRANSFER AGENT AGREEMENT

         This Amendment dated as of January 1, 2001, is to the Transfer Agent
Agreement made as of September 1, 1993 and subsequently amended and restated on
August 10, 1995, May 15, 1996, July 1, 1996 and December 31, 1996 (the
"Agreement") by and between Franklin Templeton Investor Services, Inc., a
Florida corporation ("FTISI") and Templeton Income Trust (the "Trust") on behalf
of Templeton Global Bond Fund.

                                   WITNESSETH:

         WHEREAS, both FTISI and the Trust wish to amend the Agreement;

         WHEREAS, FTISI merged into FRANKLIN TEMPLETON INVESTOR SERVICES, LLC, a
Delaware limited liability company, a successor entity, on January 1, 2001;

         NOW, THEREFORE, in consideration of the foregoing premises, the parties
hereto agree as follows:

               1. FTISI's name is henceforth to be known as "Franklin  Templeton
               Investor Services, LLC."


               2. All references to FTISI being a "Florida  Corporation"  in the
               Agreement  are hereby  changed to a "Delaware  limited  liability
               company."

     IN WITNESS WHEREOF, this Amendment has been executed on behalf of each
party as of the date set forth above.

                                    FRANKLIN TEMPLETON INVESTOR SERVICES, LLC

                                    By:/s/MARTIN L. FLANAGAN
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                                    TEMPLETON INCOME TRUST


                                    By: /s/BARBARA J. GREEN
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