UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number:		811-06342
Exact name of registrant as specified in charter:		Aberdeen Global Income Fund, Inc.
Address of principal executive offices:		800 Scudders Mill Road,
		Plainsboro,
		New Jersey 08536
Name and address of agent for service:		Mr. Alan Goodson
		Aberdeen Asset Management Inc.
		1735 Market Street
		37th Floor
		Philadelphia, PA 19103
Registrant’s telephone number, including area code:		1-866-839-5233
Date of fiscal year end:		10/31/07
Date of reporting period:		7/31/07

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Item 1 – Schedule of Investments

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Portfolio of Investments

As of July 31, 2007 (unaudited)

 

		Principal Amount (000)		Description		Value (US$)
LONG-TERM INVESTMENTS - 111.0%
				ARGENTINA - 2.6%
				Republic of Argentina,
USD		4,080		7.00%, 4/17/17		$	3,335,400
				AUSTRALIA - 27.8%
				ABN Amro Bank NV,
AUD		500		6.50%, 5/17/18 (a)			414,148
				Australia and New Zealand Banking Group, Ltd.,
AUD		500		6.25%, 5/23/16 (a)			413,373
				AXA SA,
AUD		500		7.50%, 10/26/16 (a)(b)			418,532
				Bank of America Corp.,
AUD		500		6.50%, 12/05/08			425,718
				Brisbane Airport Corporation, Ltd.,
AUD		1,000		7.30%, 6/30/10			860,784
				CFS Retail Property Trust,
AUD		500		6.25%, 12/22/14			400,062
				Cie de Financement Foncier,
AUD		500		6.25%, 1/30/17			412,265
				Commonwealth of Australia,
AUD		550		10.00%, 10/15/07			474,631
AUD		1,250		7.50%, 9/15/09			1,093,310
AUD		500		5.25%, 8/15/10			415,022
AUD		250		5.75%, 6/15/11			209,865
AUD		100		6.50%, 5/15/13			86,925
AUD		500		6.25%, 4/15/15			432,782
AUD		550		6.00%, 2/15/17			470,042
				Eurofima,
AUD		200		6.00%, 1/28/14			164,610
AUD		1,000		6.25%, 12/28/18			831,517
				FGL Finance Australia, Ltd.,
AUD		500		6.25%, 3/17/10			416,953
				General Electric Capital Australia Funding Pty,
AUD		900		6.50%, 11/15/11			751,582
AUD		500		6.00%, 5/15/13			404,759
AUD		600		6.00%, 4/15/15			481,242
				Goldman Sachs Group, Inc.,
AUD		500		6.35%, 4/12/16			397,820
				GPT RE, Ltd.,
AUD		500		6.00%, 6/27/08			424,348
				HSBC Bank,
AUD		800		6.50%, 9/22/11			667,342
				HSBC Bank Australia,
AUD		2,000		6.58%, 5/19/16 (a)			1,708,053
				ING Bank Australia Ltd.,
AUD		1,000		7.00%, 4/24/12			852,293
				JP Morgan Chase & Co.,
AUD		500		7.00%, 6/21/12			420,754
				Macquarie Bank, Ltd.,
AUD		500		6.50%, 5/31/17 (a)			409,620
				Merrill Lynch & Co., Inc.,
AUD		500		6.50%, 7/28/09			422,866
AUD		200		6.75%, 3/12/14			165,213
				Monumental Global Funding, Ltd.,
AUD		500		6.50%, 11/08/11			415,249
				National Capital Trust III,
AUD		500		7.3733%, 9/30/16 (a)(b)			425,531
				New South Wales Treasury Corporation,
AUD		3,700		7.00%, 12/01/10			3,189,603
				Northern Territory Treasury,
AUD		1,250		6.75%, 7/14/09			1,070,789
				Queensland Treasury Corporation,
AUD		1,500		8.00%, 9/14/07			1,287,292
AUD		1,900		6.00%, 6/14/11			1,589,129
AUD		2,700		6.00%, 8/14/13			2,240,880
AUD		3,000		6.00%, 10/14/15			2,467,717
AUD		1,250		6.00%, 6/14/21			1,015,786
				RWH Finance Pty. Limited,
AUD		500		6.20%, 3/26/17			396,670
				SPI Australia Finance Pty. Ltd.,
AUD		750		6.25%, 11/14/08			635,386
				SPI Electricity & Gas,
AUD		600		6.50%, 11/03/11			498,032
				St. George Bank, Ltd.,
AUD		500		6.50%, 7/26/11 (a)(b)			417,324
				Sydney Airport Finance,
AUD		1,000		6.25%, 11/21/11			825,701

 

Aberdeen Global Income Fund, Inc. 1

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Portfolio of Investments (continued)

As of July 31, 2007 (unaudited)

 

		Principal Amount (000)		Description		Value (US$)
LONG-TERM INVESTMENTS (continued)
				Telstra Corporation, Ltd.,
AUD		500		7.25%, 3/30/10		$	427,968
				Travelers Insurance Company Institutional Funding, Ltd.,
AUD		500		6.00%, 4/07/09			421,312
				Wells Fargo & Co.,
AUD		700		5.75%, 7/12/10			577,530
				Western Australia Treasury Corporation,
AUD		500		8.00%, 10/15/07			429,509
AUD		2,250		8.00%, 6/15/13			2,042,233
							35,420,072
				BRAZIL - 2.7%
				Electropaulo Metropolitian,
BRL		500		19.125%, 6/28/10			302,099
				Federal Republic of Brazil,
USD		410		10.00%, 8/07/11			463,300
BRL		5,200		10.00%, 1/01/17			2,656,650
							3,422,049
				CANADA - 16.5%
				Canadian Government,
CAD		2,500		5.50%, 6/01/10			2,395,434
CAD		3,000		10.25%, 3/15/14			3,718,258
CAD		2,000		8.00%, 6/01/23			2,594,596
CAD		2,000		9.00%, 6/01/25			2,880,693
				Canada (Cayman),
CAD		750		7.25%, 6/01/08			714,388
				Ontario Hydro,
CAD		500		8.50%, 5/26/25			658,600
				Province of British Columbia,
CAD		2,000		9.50%, 1/09/12			2,223,180
				Province of New Brunswick,
CAD		2,000		7.75%, 1/13/14			2,150,163
				Province of Newfoundland,
CAD		1,000		5.125%, 12/29/10			941,391
				Quebec Hydro,
CAD		2,000		9.625%, 7/15/22			2,751,318
							21,028,021
				COLOMBIA - 2.2%
				Republic of Colombia,
COP		771,000		12.00%, 10/22/15			460,387
COP		2,312,000		9.85%, 6/28/27			1,231,595
USD		1,080		7.375%, 9/18/37			1,150,200
							2,842,182
				EGYPT - 0.6%
				Republic of Egypt,
EGP		4,500		8.75%, 7/18/12			801,547
				INDIA - 0.8%
				JP Morgan India Government Bond Linked Note,
INR		40,700		8.07%, 6/19/08 (a)			1,021,972
				INDONESIA - 2.5%
				Indonesia Government,
IDR		12,000,000		13.15%, 3/15/10			1,451,595
IDR		15,000,000		11.00%, 12/15/12			1,770,481
							3,222,076
				KAZAKHSTAN - 1.1%
				Kazkommerts International BV,
USD		1,500		7.875%, 4/07/14			1,403,010
				MEXICO - 3.0%
				Kreditanstalt fuer Wiederaufbau,
MXN		15,000		9.75%, 5/27/08			1,387,369
				Mexican Fixed Rate Bonds,
MXN		14,300		9.50%, 12/18/14			1,436,339
MXN		9,200		10.00%, 12/05/24			1,024,474
							3,848,182

 

Aberdeen Global Income Fund, Inc. 2

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Portfolio of Investments (continued)

As of July 31, 2007 (unaudited)

 

		Principal Amount (000)		Description		Value (US$)
LONG-TERM INVESTMENTS (continued)
				NEW ZEALAND - 21.5%
				ANZ National Bank, Ltd.,
NZD		3,000		7.60%, 3/02/17 (a)		$	2,192,399
				Auckland Healthcare Services, Ltd,
NZD		1,000		7.75%, 9/15/15			761,977
				Bank of America Corp.,
NZD		3,000		7.53%, 3/08/12			2,230,314
				Bank of New Zealand,
NZD		1,000		7.50%, 9/15/08			759,414
				Deutsche Bank AG,
NZD		2,000		7.14%, 6/16/09 (a)(b)			1,499,563
				European Investment Bank,
NZD		2,300		7.00%, 12/17/07			1,755,830
NZD		500		7.25%, 2/08/10			377,088
NZD		2,000		6.50%, 9/10/14			1,433,661
				General Electric Capital Corp.,
NZD		1,000		6.625%, 2/04/10			739,199
NZD		1,000		6.50%, 9/28/15			695,943
NZD		1,000		6.75%, 9/26/16			720,004
				Inter-American Development Bank,
NZD		2,000		6.00%, 12/15/17			1,385,743
				International Finance Corp.,
NZD		1,000		6.75%, 7/15/09			745,025
				Morgan Stanley,
NZD		1,500		6.86%, 9/06/12			1,071,367
				Nederlandse Waterschapsbank,
NZD		500		6.50%, 10/17/08			374,340
				New Zealand Government,
NZD		500		6.50%, 4/15/13			373,113
NZD		1,500		6.00%, 12/15/17			1,098,113
				Powerco, Ltd.,
NZD		1,000		6.39%, 3/29/13			710,429
				Province of Manitoba,
NZD		1,000		6.375%, 9/01/15			709,524
				Province of Ontario,
NZD		1,500		6.25%, 6/16/15			1,052,159
				Province of Quebec,
NZD		1,000		6.75%, 11/09/15			720,510
				Rabo Australia, Ltd.,
NZD		3,000		6.25%, 11/22/11			2,153,211
				SLM Corp.,
NZD		1,500		6.50%, 6/15/10			1,030,785
				Telstra Corporation, Ltd.,
NZD		1,000		7.15%, 11/24/14			719,432
				Total Capital SA,
NZD		3,000		6.50%, 7/20/12			2,153,165
							27,462,308
				PAKISTAN - 1.0%
				Republic of Pakistan,
USD		1,500		6.875%, 6/01/17			1,275,000
				PERU - 1.3%
				Republic of Peru,
USD		1,340		9.875%, 2/06/15			1,621,400
				RUSSIA - 3.9%
				Evraz Group SA,
USD		1,300		8.25%, 11/10/15			1,296,750
				Red Arrow International Leasing,
RUB		30,061		8.375%, 3/31/12			1,214,346
				Russian Standard Finance SA,
USD		1,000		8.625%, 5/05/11			962,270
				Vimpel-Communication,
USD		1,500		8.00%, 2/11/10			1,529,943
							5,003,309
				TURKEY - 3.8%
				Kreditanstalt fuer Wiederaufbau,
TRY		1,500		13.50%, 3/03/08			1,135,963
				Republic of Turkey,
TRY		630		10.00%, 2/15/12			554,403
TRY		2,340		16.00%, 3/07/12			1,923,212
USD		1,000		11.00%, 1/14/13			1,187,500
							4,801,078

 

Aberdeen Global Income Fund, Inc. 3

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Portfolio of Investments (continued)

As of July 31, 2007 (unaudited)

 

		Principal Amount (000)		Description		Value (US$)
LONG-TERM INVESTMENTS (concluded)
				UKRAINE - 1.5%
				Alfa Bank Ukraine,
USD		800		9.75%, 12/22/09		$	809,960
				Ukraine Government Bond,
USD		1,180		6.385%, 6/26/12			1,156,702
							1,966,662
				UNITED KINGDOM - 7.9%
				Barclays Bank PLC,
GBP		1,000		9.875%, 5/12/08 (a)(b)			2,083,906
				British Gas PLC,
GBP		1,400		8.875%, 7/08/08			2,908,718
				EGG Banking PLC,
GBP		500		5.125%, 12/21/07			1,010,728
				Republic of Finland,
GBP		1,250		10.125%, 6/22/08			2,621,916
				United Kingdom Treasury,
GBP		600		8.00%, 12/07/15			1,438,753
							10,064,021
				UNITED STATES - 6.5%
				Kreditanstalt fuer Wiederaufbau International Finance, Inc.,
USD		3,000		5.75%, 1/15/08			3,005,706
				United States Treasury,
USD		4,500		6.25%, 5/15/30			5,278,712
							8,284,418
				URUGUAY - 1.2%
				Republica Orient Uruguay,
UYU		24,200		4.25%, 4/05/27			1,039,545
USD		500		7.625%, 3/21/36			531,350
							1,570,895
				VENEZUELA - 2.6%
				Republic of Venezuela,
USD		3,070		9.25%, 9/15/27			3,252,051
Total Long-Term Investments (cost $127,241,468)							141,645,653
SHORT-TERM INVESTMENTS - 8.3%
				UNITED STATES - 8.3%
CAD		1,581		State Street Bank and Trust Company Time Deposit,
				2.00%, 8/01/07			1,480,684
GBP		422		State Street Bank and Trust Company Fixed Deposit,
				4.70%, 8/01/07			857,532
NZD		2,776		State Street Bank and Trust Company Fixed Deposit,
				5.50%, 8/01/07			2,134,465
USD		6,126		Repurchase Agreement, State Street Bank and Trust Company, 4.57% dated 7/31/07, due 8/01/07 in the amount of $6,126,778 (collateralized by $6,330,000 U.S. Treasury Bond, 2.625% due 5/15/08; value $6,254,527)			6,126,000
Total Short-Term Investments (cost $10,728,897)							10,598,681
Total Investments - 119.3% (cost $137,970,365)							152,244,334
Other Assets in Excess of Liabilities - 4.2%							5,343,748
Liquidation Value of Preferred Stock - (23.5%)							(30,000,000	)
Net Assets Applicable to Common Shareholders - 100.0%						$	127,588,082

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AUD

- Australian dollar

GBP

- British pound

MYR

- Malaysian ringgit

USD

- United States dollar

BRL

- Brazilian real

IDR

- Indonesian rupiah

NOK

- Norwegian krone

UYU

- Uruguayan peso

CAD

- Canadian dollar

INR

- Indian rupee

NZD

- New Zealand dollar

COP

- Colombian peso

KRW

- South Korean won

RUB

- Russian ruble

EGP

- Egyptian pound

MXN

- Mexican peso

TRY

- Turkish lira

 

(a)	Indicates a variable rate security. The maturity date presented for these instruments is the later of the next date on which the security can be redeemed at par or the next date on which the rate of interest is adjusted. The interest rate shown reflects the rate in effect at July 31, 2007.

(b)	The maturity date presented for these instruments represents the next call date.

 

Aberdeen Global Income Fund, Inc. 4

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Portfolio of Investments (concluded)

As of July 31, 2007 (unaudited)

Interest Rate Swap Agreements

 

Counterparty		Termination Date		Notional Amount (000)		Fixed Rate			Floating Rate		Unrealized Appreciation
UBS AG		October 31, 2007		7,200		3.1600	%		1 month LIBOR		$	49,867
UBS AG		October 31, 2008		7,200		3.5400	%		1 month LIBOR			141,480
UBS AG		October 31, 2010		4,800		4.0550	%		1 month LIBOR			147,048
											$	338,395

Futures Contracts

 

		Expiration		Contracts		Unrealized Depreciation
Sale Contract:
Australian Treasury Bond 6% - 3 year		September 2007		10		$	(152	)
Australian Treasury Bond 6% - 10 year		September 2007		13			(13,181	)
						$	(13,333	)

Forward Exchange Contracts

 

Purchase/Sale		Amount Purchased		Amount Sold		Purchase Value as of July 31, 2007			Sale Value as of July 31, 2007			Unrealized Appreciation/ (Depreciation)
Australian Dollar/New Zealand Dollar
settlement date
8/17/07		AUD10,855,660		NZD12,016,131			9,295,925			9,224,345			71,580
British Pound/New Zealand Dollar
settlement date
8/14/07		GBP5,016,613		NZD13,000,000			10,191,962			9,982,461			209,501
Canadian Dollar/Australian Dollar
settlement date
8/14/07		CAD5,031,132		AUD5,500,000			4,713,631			4,710,231			3,400
Canadian Dollar/United States Dollar
settlement date
9/14/07		CAD7,881,075		USD7,500,000			7,388,415			7,500,000			(111,585	)
Indian Rupee/United States Dollar
settlement date
8/17/07		INR125,503,500		USD3,100,000			3,106,234			3,100,000			6,234
Malaysian Ringgit/United States Dollar
settlement date
8/17/07		MYR10,660,900		USD3,100,000			3,088,751			3,100,000			(11,249	)
Norwegian Krone/Australian Dollar
settlement date
8/14/07		NOK27,578,425		AUD5,500,000			4,737,713			4,710,231			27,482
South Korean Won/United States Dollar
settlement date
9/20/07		KRW2,742,600,000		USD3,000,000			2,988,770			3,000,000			(11,230	)
United States Dollar/Canadian Dollar
settlement date
9/14/07		USD7,558,914		CAD7,881,075			7,558,914			7,388,415			170,499
United States Dollar/Indonesian Rupiah
settlement date
10/24/07		USD1,535,665		IDR14,069,762,000			1,535,665			1,520,192			15,473
				Net USD Total		$	54,605,980		$	54,235,875		$	370,105

Tax Cost of Investments

The United States federal income tax basis of the Fund’s investments and net unrealized appreciation as of July 31, 2007 were as follows:

 

Cost		Appreciation			Depreciation			Net Unrealized Appreciation
$137,970,365		$	15,579,203		$	1,305,234		$	14,273,969

 

Aberdeen Global Income Fund, Inc. 5

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Item 2 – Controls and Procedures

 

(a)

It is the conclusion of the Registrant’s principal executive officer and principal financial officer that the effectiveness of the Registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the Registrant has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the Registrant has been accumulated and communicated to the Registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

 

(b)

There have been no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) and the Investment Company Act of 1940, as amended) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3 – Exhibits.

 

(a)

Certifications required pursuant to Rule 30a-2(a) under the Investment Company Act of 1940, as amended, are filed as Exhibit 99.CERT.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Aberdeen Global Income Fund, Inc.
By:		/s/ Martin Gilbert
		Martin Gilbert, President of Aberdeen Global Income Fund, Inc.

Date: September 26, 2007

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By:		/s/ Martin Gilbert
		Martin Gilbert, President of Aberdeen Global Income Fund, Inc.

Date: September 26, 2007

By:		/s/ Alan Goodson
		Alan Goodson, Treasurer of Aberdeen Global Income Fund, Inc.

Date: September 26, 2007