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        <name>Argentine Republic (The)</name>
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        <name>Argentine Republic (The)</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Federal Democratic Republic of Ethiopia</name>
        <lei>N/A</lei>
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          <isin value="US29766LAA44"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ET</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Kingdom of Thailand</name>
        <lei>N/A</lei>
        <title>Thailand Government Bond</title>
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          <other otherDesc="Inhouse Asset ID" value="1184085"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.75000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Democratic Socialist Republic of Sri Lanka</name>
        <lei>254900HXCCIOHM74FA02</lei>
        <title>Sri Lanka Government Bond</title>
        <cusip>85227SAQ9</cusip>
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          <isin value="US85227SAQ93"/>
          <other otherDesc="Inhouse Asset ID" value="1138930"/>
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        <balance>940000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>253348.47000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>LK</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Digicel Group Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>Digicel Group Holdings Ltd.</title>
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          <isin value="US25381YAB74"/>
          <other otherDesc="Inhouse Asset ID" value="1087030"/>
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        <balance>370108.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

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        <name>Bank of Thailand</name>
        <lei>549300HJD00HOXYCA262</lei>
        <title>Thailand Treasury Bills</title>
        <cusip>N/A</cusip>
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          <isin value="TH0655072C86"/>
          <other otherDesc="Inhouse Asset ID" value="1182230"/>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>N/A</name>
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        <name>Republic of Indonesia</name>
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        <name>Republic of Indonesia</name>
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        <name>N/A</name>
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        <name>Republic of Colombia</name>
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        <name>Platinum Group Metals Ltd.</name>
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        <name>Republic of Indonesia</name>
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        <name>Argentine Republic</name>
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        <name>N/A</name>
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        <name>Republic of Uzbekistan International Bond</name>
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        <name>Arab Republic of Egypt</name>
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        <name>Republic of Ghana</name>
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        <name>Republic of Ghana</name>
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        <name>N/A</name>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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        <name>Republic of Ghana</name>
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        <name>Arab Republic of Egypt</name>
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        <name>K2016470219 South Africa Ltd.</name>
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        <name>Republic of Zambia</name>
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        <name>K2016470219 South Africa Ltd.</name>
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        <name>Arab Republic of Egypt</name>
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        <name>Republic of Ghana</name>
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        <name>Republic of Ghana</name>
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        <name>Kingdom of Thailand</name>
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        <name>N/A</name>
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              <counterpartyName>Citibank</counterpartyName>
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        <name>Democratic Socialist Republic of Sri Lanka</name>
        <lei>254900HXCCIOHM74FA02</lei>
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        <name>Republic of Ghana</name>
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        <name>United States of America</name>
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        <name>Republic of Colombia</name>
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        <name>Oman Government International Bond</name>
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        <name>Arab Republic of Egypt</name>
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        <name>Platinum Group Metals Ltd.</name>
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        <name>Republic of Ecuador</name>
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        <name>Republic of Ghana</name>
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        <name>N/A</name>
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        <name>Republic of Korea</name>
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          <maturityDt>2024-12-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Thailand</name>
        <lei>549300HJD00HOXYCA262</lei>
        <title>Thailand Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0655033502"/>
          <other otherDesc="Inhouse Asset ID" value="1182257"/>
        </identifiers>
        <balance>12150000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="THB" exchangeRt="37.84500000"/>
        <valUSD>319428.53000000</valUSD>
        <pctVal>0.131742147849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.51000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government of Mongolia</name>
        <lei>N/A</lei>
        <title>Mongolia Government Bond</title>
        <cusip>60937LAE5</cusip>
        <identifiers>
          <isin value="US60937LAE56"/>
          <other otherDesc="Inhouse Asset ID" value="1192867"/>
        </identifiers>
        <balance>5570000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3899564.46000000</valUSD>
        <pctVal>1.608300290637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>OIS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="698024"/>
        </identifiers>
        <balance>955784.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="5.39350000"/>
        <valUSD>-31389.01000000</valUSD>
        <pctVal>-0.01294579290</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CME Group Inc.</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="8.48500000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="CDI" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="0" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2029-01-02</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>955784.00000000</notionalAmt>
            <curCd>BRL</curCd>
            <unrealizedAppr>-31389.01000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Used CNY (Onshore Yuan) instead of CNH (Offshore Yuan) for all base currency isocodes." noteItem="C.11.e.i"/>
      <explntrNote note="Used CNY (Onshore Yuan) instead of CNH (Offshore Yuan) for all base currency isocodes." noteItem="C.11.e.ii"/>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-10-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Templeton Emerging Markets Income Fund</ncom:nameOfApplicant>
      <ncom:signature>Jeffrey W. White </ncom:signature>
      <ncom:signerName>Jeffrey W. White </ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
