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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000912938-04-000105.txt : 20040210
<SEC-HEADER>0000912938-04-000105.hdr.sgml : 20040210
<ACCEPTANCE-DATETIME>20040210153236
ACCESSION NUMBER:		0000912938-04-000105
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040131
FILED AS OF DATE:		20040210
EFFECTIVENESS DATE:		20040210

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:	817-00787
		FILM NUMBER:		04581821

	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_1-04.htm
<DESCRIPTION>REPORT OF SHARES REPURCHASED JANUARY 2004
<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>January 31, 2004</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>1/7/04</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>100</TD>
		<TD>6.77</TD>
		<TD>7.50</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>1/8/04</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>16,000</TD>
		<TD>6.80</TD>
		<TD>7.50</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>1/9/04</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>2,800</TD>
		<TD>6.82</TD>
		<TD>7.55</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>1/12/04</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>24,000</TD>
		<TD>6.85</TD>
		<TD>7.55</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>1/13/04</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>24,000</TD>
		<TD>6.83</TD>
		<TD>7.53</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>1/14/04</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>50,000</TD>
		<TD>6.84</TD>
		<TD>7.54</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>1/21/04</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>4,000</TD>
		<TD>6.85</TD>
		<TD>7.53</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>1/23/04</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>40,000</TD>
		<TD>6.88</TD>
		<TD>7.52</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>1/26/04</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>5,800</TD>
		<TD>6.84</TD>
		<TD>7.51</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>1/27/04</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>2,300</TD>
		<TD>6.83</TD>
		<TD>7.52</TD>
		<TD>Merrill Lynch</TD>
	</TR>
	<TR>
		<TD>1/29/04</TD>
		<TD>Shares of beneficial interest</TD>
		<TD>6,400</TD>
		<TD>6.81</TD>
		<TD>7.49</TD>
		<TD>Merrill Lynch</TD>
	</TR>
</TABLE>

<p>Total Shares Repurchased: <b>175,400</b></p>

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

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

</BODY>
</HTML>

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