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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000912938-03-000458.txt : 20031104
<SEC-HEADER>0000912938-03-000458.hdr.sgml : 20031104
<ACCEPTANCE-DATETIME>20031104091504
ACCESSION NUMBER:		0000912938-03-000458
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031031
FILED AS OF DATE:		20031104
EFFECTIVENESS DATE:		20031104

FILER:

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

	FILING VALUES:
		FORM TYPE:		N-23C-1
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	817-00766
		FILM NUMBER:		03974547

	BUSINESS ADDRESS:	
		STREET 1:		500 BOYLSTON ST
		STREET 2:		15TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
		BUSINESS PHONE:		18006372929

	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>mgf_10-03.htm
<DESCRIPTION>REPORT OF SHARES REPURCHASED, OCTOBER
<TEXT>
<HTML>
<HEAD>
<TITLE>N23C-1 Submission</TITLE>
</HEAD>
<BODY>
To: Securities and Exchange Commission, Washington, D.C.<HR>

<p>Statement of registered closed-end investment company with respect to purchases of its own securities pursuant to Rule N23C-1 during the last calendar month.
</p>
<p><b>MFS Government Markets Income Trust - MGF</b></p>
<caption>Report of the calendar month ending <b>October 31, 2003</b>:</caption>
<TABLE WIDTH="100%" BORDER=1 CELLSPACING=1 CELLPADDING=1>
	<TR>
		<TD><b>Date</b></TD>
		<TD><b>Identification of Security</b></TD>
		<TD><b>Shares Repurchased</b></TD>
		<TD><b>Repurchase Price</b></TD>
		<TD><b>NAV</b></TD>
		<TD><b>Broker</b></TD>
	</TR>
	<TR>
		<TD>10/7/03</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>19,000</TD>
		<TD>6.7469</TD>
		<TD>7.46</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>10/8/03</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>19,000</TD>
		<TD>6.74</TD>
		<TD>7.47</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>10/9/03</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>19,000</TD>
		<TD>6.7391</TD>
		<TD>7.45</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>10/10/03</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>19,000</TD>
		<TD>6.7068</TD>
		<TD>7.44</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>10/10/03</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>12,500</TD>
		<TD>6.7</TD>
		<TD>7.44</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>10/13/03</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>18,000</TD>
		<TD>6.7287</TD>
		<TD>7.44</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>10/14/03</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>12,900</TD>
		<TD>6.6971</TD>
		<TD>7.42</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>10/15/03</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>18,000</TD>
		<TD>6.6994</TD>
		<TD>7.40</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>10/15/03</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>13,300</TD>
		<TD>6.7</TD>
		<TD>7.40</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>10/16/03</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>17,000</TD>
		<TD>6.7</TD>
		<TD>7.38</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>10/17/03</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>5,200</TD>
		<TD>6.67</TD>
		<TD>7.39</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>10/20/03</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>6,400</TD>
		<TD>6.67</TD>
		<TD>7.40</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>10/21/03</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>19,000</TD>
		<TD>6.7179</TD>
		<TD>7.41</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>10/22/03</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>19,000</TD>
		<TD>6.7</TD>
		<TD>7.44</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>10/24/03</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>19,000</TD>
		<TD>6.7414</TD>
		<TD>7.46</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>10/27/03</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>18,000</TD>
		<TD>6.7489</TD>
		<TD>7.44</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>10/28/03</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>12,700</TD>
		<TD>6.7379</TD>
		<TD>7.47</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>10/29/03</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>18,000</TD>
		<TD>6.75</TD>
		<TD>7.45</TD>
		<TD>Merrill Lynch</TD>
	</TR>
</TABLE>

<p>Total Shares Repurchased: <b>285,000</b></p>

<p>Remarks? <i>(none)</i></p>

<TABLE WIDTH="90%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR>
	<TD>Robert Flaherty, Assistant Treasurer</TD>
</TR>
<TR>
	<TD>MFS Investment Management</TD>
</TR>
</TABLE>

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</HTML>

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