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GLOBAL INCOME PLUS FUND REPORTS EARNINGS

 GLOBAL INCOME PLUS FUND REPORTS EARNINGS
 NEW YORK, Dec. 30 /PRNewswire/ -- Global Income Plus Fund, Inc.


(NYSE: GLI), a closed-end management investment company seeking current income and capital appreciation through investments in U.S. and foreign debt securities, today announced its performance for the fiscal year ended Oct. 31, 1991.
 For the fourth quarter ended Oct. 31, 1991, the fund's earnings from net investment income were $5,572,399, equal to 22 cents per share. net realized and unrealized gains were $8,928,501, equal to 36 cents per share, for the same period. This compares to net investment income of $6,394,984, equal to 26 cents per share, and net realized and unrealized gains of $2,689,072, equal to 12 cents per share, incurred during the quarter ended Oct. 31, 1990.
 For the year ended Oct. 31, 1991, the fund's earnings from net investment income were $22,613,625, equal to 91 cents per share. Total net realized and unrealized gains were $502,476, equal to 2 cents per share. This compares to net investment income of $24,680,683, equal to $1 per share, and net realized and unrealized gains of $16,391,297, equal to 67 cents per share, for the year ended Oct. 31, 1990.
 On Oct. 31, 1991, total net assets of the fund were $242,205,385. The net asset value per share was $9.62 based on 25,188,538 shares outstanding, which represents a decrease of 2.4 percent from the net asset value per share of $9.86 based on 24,668,715 shares outstanding on Oct. 31, 1990.
 -0- 12/30/91
 /CONTACT: Julian F. Sluyters, 212-713-1074, for Global Income Plus Fund/
 (GLI) CO: Global Income Plus Fund, Inc. ST: New York IN: FIN SU: ERN SM-CK -- NY037 -- 5737 12/30/91 16:45 EST
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Date:Dec 30, 1991
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