-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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MIC-Info: RSA-MD5,RSA,
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 NJM6uEhg1TlBxwPxG5UnsA==

<SEC-DOCUMENT>0000912938-01-500014.txt : 20010206
<SEC-HEADER>0000912938-01-500014.hdr.sgml : 20010206
ACCESSION NUMBER:		0000912938-01-500014
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20010131
FILED AS OF DATE:		20010205

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS GOVERNMENT MARKETS INCOME TRUST
		CENTRAL INDEX KEY:			0000811922
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				046565627
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		N-23C-1
		SEC ACT:		
		SEC FILE NUMBER:	817-00787
		FILM NUMBER:		1524803

	BUSINESS ADDRESS:	
		STREET 1:		500 BOYLSTON ST
		STREET 2:		15TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
		BUSINESS PHONE:		6179545214

	MAIL ADDRESS:	
		STREET 1:		500 BOYLSTON STREET
		STREET 2:		15TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-23C-1
<SEQUENCE>1
<FILENAME>mgf1-01.txt
<DESCRIPTION>REPORT OF SHARES REPURCHASED, JANUARY 2001
<TEXT>

/Securities and Exchange Commission
Washington, D.C.
Statement of registered closed-end investment company with respect
to purchases of its own securities pursuant to Rule N-23(c)-1 during
the last calendar month.

Report for the calendar month ending January 31, 2001

MFS Government Markets Income Trust
Date
Identification of Security
Shares Repurchased
Repurchase Price
NAV
Broker
1/9/01
Shares of Beneficial Interest
27000
6.625
7.24

Merrill Lynch

1/17/01
Shares of Beneficial Interest
25000
6.625
7.15
Merrill Lynch















































































Total Shares Repurchased:  52,000
Remarks:	None.

MFS Government Markets Income Trust
by:  James O. Yost
	James O. Yost
	Treasurer


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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